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

  1. #31
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Muddy Creek View Post
    NOT funding programs you start is the problem. We began this HUGE debt that Bush created up to $13 trillion before he left office by NOT funding two wars, tax cuts for the rich (removing money from the budget) and a HUGE pharmaceutical socialist program in Medicare. When you have a party like the republicans who STILL outspend on pork barrels any democrat, then you have fiscal irresponsibility.

    Did GW Bush overspend? Hell yes....However, the spending Bush did in 8 years, is nothing compared to Trillion dollar deficits per year this destroyer n chief is spending. Bush added $5 Trillion in 8 years, Obama has added another $6 Trillion in 4 years.
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    It's like being a passenger in a 747 headed for the ground, and watching the pilot on the left blame the pilot on the right, and vice versa, while neither one does anything to pull the nose back up.

    The bottom line is the federal government is dysfunctional.
    This is the sad, yet simple, truth. Each of our morons in DC has their own re-election as priority one. Every gov't dept., agency and program is "off the table" for cuts by far too many in DC; as they depend on those that benefit from it for either campaign cash or directly buying votes. To assert that this nation now "needs" a federal gov't that spends 24% of GDP is insane.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by Dittohead not! View Post
    Government of, by, and for the people doesn't work if the people aren't paying attention.
    I think a lot of people are paying attention, there are just a lot of different views on how to fix the problems we face. The majority want compromise so we can get our problems fixed.

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

    Quote Originally Posted by Moot View Post
    The spending might be in overdrive because of the wars, the recession and an aging population but is the government itself really getting bigger?



    "...According to BLS data, total federal government employment was 3.103 million in January 1990. Preliminary numbers for November 2010 are 2.837 million....

    While official workforce figures have gone down in recent decades, use of government contractors has exploded, especially in the defense sector following the 9/11 terrorist attacks.

    In fiscal 2000, the government spent $208 billion on contractors. In fiscal 2009, that figure was up more than 150 percent, to $540 billion.

    What does that mean for the workforce? Well, if you consider government contractors federal employees and view grantees -- like universities -- as employing people on behalf of the federal government ("Nuclear labs are run by universities, but are clearly federal agencies," said Light), the numbers have rocketed...."

    PolitiFact Virginia | Rep. Gerry Connolly says federal workforce hasn't grown since 1990

    So guess what needs to be cut if you really want a smaller government?



    As a side, I heard something on NPR radio the other day that was very interesting. The guest talking said that before the Great Depression senior citizens were the poorest segment of society. Today they are the wealthiest. Federal money spent on seniors as part of GDP is about 20.4 percent and Medicare (13.1 percent). But here's the kicker, Federal money spent on children is only about 2.5% of GDP. The reason: children can't vote and they don't have lobbyists. Children in the US are born with economic disadvantage the moment they come out of the womb. Another thing I recently heard is that based on living standards, income, health care, safety, etc, the US is not the best country to bear and raise children any more. It's not even in the top ten....instead it rates 16th down on the list....

    World's Best Countries To Be Born In For 2013

    This countries priorities are really screwed up.
    I have to agree with you on our priorities. We should care more for our children than we do. When people talk about cutting food stamps and lunch programs, I think of all the children that will suffer for it. Why cut these programs? We should start by cutting the spending we do on corporations that do not benefit our economy. We can't be a great nation if we allow our children to starve.

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

    Quote Originally Posted by j-mac View Post
    Did GW Bush overspend? Hell yes....However, the spending Bush did in 8 years, is nothing compared to Trillion dollar deficits per year this destroyer n chief is spending. Bush added $5 Trillion in 8 years, Obama has added another $6 Trillion in 4 years.
    When you concider that Bush started with a surplus and burned through that surplus and added trillions to the debt, you get a better picture.

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

    Quote Originally Posted by Hairytic View Post
    When you concider that Bush started with a surplus and burned through that surplus and added trillions to the debt, you get a better picture.
    What picture is that? Obama is running up the defict at over twice the rate that Bush did. Facts are not your friend using that lame argument. Under Bush, federal taxation was 17% of GDP and federal spending was 20% of GDP, under Obama, taxation is still 17% of GDP but spending is now 24% of GDP, that is a 20% increase in federal spending. Yes he did!
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by ttwtt78640 View Post
    What picture is that? Obama is running up the defict at over twice the rate that Bush did. Facts are not your friend using that lame argument. Under Bush, federal taxation was 17% of GDP and federal spending was 20% of GDP, under Obama, taxation is still 17% of GDP but spending is now 24% of GDP, that is a 20% increase in federal spending. Yes he did!
    You do know the country is still recovering from a rather nasty recession don' you? Remember the adage: There are lies, damned lies and then there are statistics

    If the economy is not doing as well as it once performed, tax revenues will be down - so even when expenditures are being cut, the percentage of revenues being spent may increase.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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

    Quote Originally Posted by Hairytic View Post
    I think a lot of people are paying attention, there are just a lot of different views on how to fix the problems we face. The majority want compromise so we can get our problems fixed.
    I think t hat's what the majority wants, yes. It doesn't look like they're going to get what they want any time soon, does it?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by Dittohead not! View Post
    I think t hat's what the majority wants, yes. It doesn't look like they're going to get what they want any time soon, does it?
    Not while we maintain this two party system. But I digress.

    Is there an estimated return on the 46 cents we borrow per dollar? I would think not, or it would be negative. The solution (if they make one) is going to hurt at the end of the month.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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

    Quote Originally Posted by Blue_State View Post
    Not while we maintain this two party system. But I digress.

    Is there an estimated return on the 46 cents we borrow per dollar? I would think not, or it would be negative. The solution (if they make one) is going to hurt at the end of the month.
    Oh, the solution will hurt, which is why they don't want to come up with one. The main goal seems to be to make sure that the other party gets blamed for any pain that takes place.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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