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Thread: Govt. borrows 46 cents of every dollar it spends

  1. #151
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by j-mac View Post
    Obama is on track in his 8 years to have spent us into an increased 10 to 12 Trillion of added debt, doubling the the debt of every President before him combined, and you want to play semantics?

    Obama called Bush 'unpatriotic' for in his words....



    Now you tell me how, or why we shouldn't apply his own words here to what he is doing?
    First of all, a lot of the spending done in Obama's first administration was due to the two wars Bush got us into. Obama has ended one of those wars and is drawing the other one to an end. That will reduce the amount of money we spend. Second, some of the spending Obama did during the first two years was in bail outs that are being paid back, so that spending will not continue either. The projection is that spending will decrease, no increase. NOw, if congress will get a jobs bill enacted and people can get back to work the debt will get paid back much quicker. Reagan taxed and spent us out of a recession and it worked. If Obama has a chance to finish what he has been trying to get done, we might end this recession once and for all and be back on the right track.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Hairytic View Post
    First of all, a lot of the spending done in Obama's first administration was due to the two wars Bush got us into
    .

    If you'll recall Barrack Obama was in favor of the war in Afghanistan, from which has already announced his retreat, and he has left Iraq as ripe pickings for the Muslim Brotherhood, or something similar.

    Obama has ended one of those wars and is drawing the other one to an end.
    Drawing it to an end? Why? Just leave now so that more Americans and their Allies aren't killed. If a retreat from a war is announced then bloody well retreat now. What's the point of remaining?

    That will reduce the amount of money we spend.
    It will reduce the money spent in that particular area, for now, but there is no indication that that money won't just be frittered away elsewhere else, just as has been done with the other trillions of dollars..

    Second, some of the spending Obama did during the first two years was in bail outs that are being paid back, so that spending will not continue either.
    And bailouts that aren't being paid back. Where does a guy who has no business experience whatsoever get to decide which private companies get public money? You don't see any opportunity for conflict of interest here?

    The projection is that spending will decrease, no increase.
    Who's 'projection' is that? Wasn't it Obama's projection that he would half the debt and balance the budget during his first term? He didn't dare promise that in his second run because he knew the idea was just too far-fetched and comical. Of course he still has the party faithful..
    NOw, if congress will get a jobs bill enacted and people can get back to work the debt will get paid back much quicker.
    "A jobs bill"? What can that possibly do? Order people back to work? Instruct them to find a job?
    Reagan taxed and spent us out of a recession and it worked.
    Barrack Obama is no Ronald Reagan and BHO has already done one huge stimulus spending spree. He spent $16 trill and what did you get? Another year older and deeper in debt.

    If Obama has a chance to finish what he has been trying to get done, we might end this recession once and for all and be back on the right track.
    That might happen if you had a person with substance at the helm rather than a naive and inexperienced ideologue. As it is now? No chance.

  3. #153
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post


    So... did you fail US Government, or have you just not made it that far in school?
    The SENATE, not CONGRESS, voted 98-0.

    So, again, when Congress unanimously votes to continue military spending almost as much as the rest of the world combined - please let me know.

    How often does Congress unanimously vote for anything?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  4. #154
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Grant View Post
    .

    If you'll recall Barrack Obama was in favor of the war in Afghanistan, from which has already announced his retreat, and he has left Iraq as ripe pickings for the Muslim Brotherhood, or something similar.

    Drawing it to an end? Why? Just leave now so that more Americans and their Allies aren't killed. If a retreat from a war is announced then bloody well retreat now. What's the point of remaining?

    It will reduce the money spent in that particular area, for now, but there is no indication that that money won't just be frittered away elsewhere else, just as has been done with the other trillions of dollars..

    And bailouts that aren't being paid back. Where does a guy who has no business experience whatsoever get to decide which private companies get public money? You don't see any opportunity for conflict of interest here?

    Who's 'projection' is that? Wasn't it Obama's projection that he would half the debt and balance the budget during his first term? He didn't dare promise that in his second run because he knew the idea was just too far-fetched and comical. Of course he still has the party faithful..

    "A jobs bill"? What can that possibly do? Order people back to work? Instruct them to find a job?

    Barrack Obama is no Ronald Reagan and BHO has already done one huge stimulus spending spree. He spent $16 trill and what did you get? Another year older and deeper in debt.

    That might happen if you had a person with substance at the helm rather than a naive and inexperienced ideologue. As it is now? No chance.
    Obama saw the war in Afghanistan as being more valid than the war in Iraq. As for Iraq, it isn't our business how other people run their country. We should have never gone into Iraq to begin with. It was only right to get out when we did. If they people of Iraq want the Muslim Brotherhood to rule their country, so be it. It takes time to withdraw from a war. We have to coordinate movement of our equipment and troops as well as wrap up any training projects we have going on. That is taking place now.
    As for the bailouts, the president doesn't have to have business experience to act on the powers cranted to him by the constitution and the laws congress has enacted. TARP was signed into law by GW Bush, which is the program in which bail-outs started.
    The projection for a reduction in spending is being hashed out now. Obama hasn't had much cooperation from congress on this, which he must have in order to develop a budget. Spending cuts are being negotiated, but the Republicans want to cut medicare and SS as a part of the deal and Obama will not do it. Cutting SS and Medicare will not effect the budget and debt. It is a program funded directly by working Americans.
    The jobs bills Obama has put before congress involved rebuilding the infrastructure which will create jobs. He also wants to stop corporate welfare for corporations that ship jobs over seas. There is a lot our government can do to effect job growth.

  5. #155
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    How often does Congress unanimously vote for anything?
    Exactly! It was a real shocker to see not a single Republican or Democrat in the Senate oppose spending almost as much as the rest of the world combined on military!

    Wasn't much difference in the GOP vote in the House when it passed, but at least a lot of the Democrats there voted against that much spending.

    "The Republican-dominated House voted 326-90 to approve the annual defense appropriations bill"
    http://www.reuters.com/article/2012/...8IK00H20120720

    This shows me that Congress, and the GOP especially, have zero credibility when they say they are concerned about deficit spending.
    Last edited by Catawba; 12-11-12 at 10:47 PM.
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Hairytic View Post
    First of all, a lot of the spending done in Obama's first administration was due to the two wars Bush got us into. Obama has ended one of those wars and is drawing the other one to an end. That will reduce the amount of money we spend. Second, some of the spending Obama did during the first two years was in bail outs that are being paid back, so that spending will not continue either. The projection is that spending will decrease, no increase. NOw, if congress will get a jobs bill enacted and people can get back to work the debt will get paid back much quicker. Reagan taxed and spent us out of a recession and it worked. If Obama has a chance to finish what he has been trying to get done, we might end this recession once and for all and be back on the right track.
    Not really since he intends to spend that money on different things.....

    FACT CHECK: Obama and the phantom peace dividend - News - Boston.com


    OBAMA: ‘‘I'll use the money we’re no longer spending on war to pay down our debt and put more people back to work — rebuilding roads and bridges, schools and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it’s time to do some nation-building right here at home.’’

    THE FACTS: The idea of taking war savings to pay for other programs is budgetary sleight of hand, given that the wars were paid for with increased debt. Obama can essentially ‘‘pay down our debt,’’ as he said, by borrowing less now that war is ending. But he still must borrow to do the extra ‘‘nation-building’’ he envisions.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Fisher View Post
    Not really since he intends to spend that money on different things.....
    That's why we voted for him! We have problems here at home we need to address.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Fisher View Post
    Not really since he intends to spend that money on different things.....

    FACT CHECK: Obama and the phantom peace dividend - News - Boston.com


    OBAMA: ‘‘I'll use the money we’re no longer spending on war to pay down our debt and put more people back to work — rebuilding roads and bridges, schools and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it’s time to do some nation-building right here at home.’’

    THE FACTS: The idea of taking war savings to pay for other programs is budgetary sleight of hand, given that the wars were paid for with increased debt. Obama can essentially ‘‘pay down our debt,’’ as he said, by borrowing less now that war is ending. But he still must borrow to do the extra ‘‘nation-building’’ he envisions.
    Rebuilding our infrastructure would create jobs, which would generate more tax money. That new tax revenue will go in to pay down the debt. It's real simple economics. You spend money in a way that will give you a return on your investment, and then you take that return to pay on debt. If we don't spend money that creates jobs, then all we have is a little less debt with no new revenue.
    I see it as wise to invest in American workers. History shows us that this path is one that works well and creates a boom in the economy. It also generates more tax money for state and local governments. It's a win win really.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    Exactly! It was a real shocker to see not a single Republican or Democrat in the Senate oppose spending almost as much as the rest of the world combined on military!
    I see you cannot muster the intellectual honesty to admit you were wrong when you stated that Congress voted unanimously to pass the defense appropriations bill.
    Speaks volumes.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    How often does Congress unanimously vote for anything?
    You'll have to ask Catawaba - its his claim.

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