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

  1. #51
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Somerville View Post
    Don't know if this was deliberate obtuseness or you just refuse to see reality

    My words "If the economy is not doing as well " does, at least to me, indicate that the GDP is not as high as it was previously (inflation adjusted) therefore - even when the feds don't spend as much as previously, the amount spent may still be a larger percentage of GDP, despite a reduction in spending
    Nice try, but look at the real (inflation adjusted) federal spending figures for 2003 to present. Note the 2008/2009 spike.

    Historical Federal Receipt and Outlay Summary
    “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 longview View Post
    I think most can agree, that our government is spending too much.
    The real question, is what and how to cut to fix it.
    Raising taxes is like increasing a junkie's heroine supply.
    We have to trim government.
    Do like the "junkies heroin supply" simile. Kudos.


    “Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life.”

  3. #53
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Cole View Post
    Do like the "junkies heroin supply" simile. Kudos.
    Is there really a difference between opium and OPM (other peoples money)?
    They both seem to be horribly addictive narcotics.

  4. #54
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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.
    Muddy:
    JUST SAY NO.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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

    Quote Originally Posted by Hairytic View Post
    Throwing money at the millitary won't give us a strong defense.
    Then let's close the military down.

    It's not throwing "money at". That's what Obama's 6 trillion of waste was. Throwing at donors. Crony Capitalism.

    Parasite Nation is farking retarded.

    Sum peepl u jus kaint reech.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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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!
    Obama didn't cause an aging population and he didn't start the wars and he didn't cause the recession. Most of Obama's spending is mandatory and was in place long before he took office. The public recognized this and voted accordingly.

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

    Quote Originally Posted by Moot View Post
    Obama didn't cause an aging population and he didn't start the wars and he didn't cause the recession. Most of Obama's spending is mandatory and was in place long before he took office. The public recognized this and voted accordingly.
    But Obama did campaign on cutting the federal deficit in half (knowing full well about the wars, the aging population and the recession), going "line by line" through the budget making "necessary cuts" and all of that hope and change BS. Next he claimed to need another term to finish "those tasks". Just what spending is mandatory, i.e. not subject to change by congress, except perhaps interest on the national debt? If spending is mandatory that would make taxation seem to be mandatory as well, yet we seem to have allowed huge deficits. Yes they can!
    “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
    But Obama did campaign on cutting the federal deficit in half (knowing full well about the wars, the aging population and the recession), going "line by line" through the budget making "necessary cuts" and all of that hope and change BS. Next he claimed to need another term to finish "those tasks". Just what spending is mandatory, i.e. not subject to change by congress, except perhaps interest on the national debt? If spending is mandatory that would make taxation seem to be mandatory as well, yet we seem to have allowed huge deficits. Yes they can!
    Obama didn't know just how bad the economy was until he took office in January 2008. He didn't campaign on pulling us out of a recession, that was a surprise left behind by his predecessor for him to clean up. Mandatory spending are the entitlements and the cost of war and the recession and yes, the interest on the debt that was in place before he took office. Yes, they did.

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

    Quote Originally Posted by Moot View Post
    Obama didn't know just how bad the economy was until he took office in January 2008. He didn't campaign on pulling us out of a recession, that was a surprise left behind by his predecessor for him to clean up. Mandatory spending are the entitlements and the cost of war and the recession and yes, the interest on the debt that was in place before he took office. Yes, they did.
    If Barrack Obama didn't know how bad the economy was when he took over he was probably the only American adult who didn't know. Giving him the "He was too stupid to know" defense isn't a winning strategy at all.

    He should also have known about the entitlements and the aging population. If he didn't understand any of these issues why did so many people vote for him? Are they even dumber than him?

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

    Quote Originally Posted by Grant View Post
    If Barrack Obama didn't know how bad the economy was when he took over he was probably the only American adult who didn't know. Giving him the "He was too stupid to know" defense isn't a winning strategy at all.

    He should also have known about the entitlements and the aging population. If he didn't understand any of these issues why did so many people vote for him? Are they even dumber than him?
    The recession didn't officially begin until Dec. 2007. The only person who really knew how bad it was ex-Goldman Sach's CEO and Bush's Treasury Secretary, Henry Paulson and his cronies on Wall Street because they caused it. Some say they planned it and I'm inclined to agree.

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