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

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

    Quote Originally Posted by Moot View Post
    It's not to anyone's benefit to pay down the debt during a recession. If you don't like debt then you should have been more vociferous about it back in 2003 - 2004 when Greenspan warned the Republican congress that the tax cuts wouldn't work if they didn't get their spending under control.
    The idea behind Keynes theory is that the government borrow money during the bad times to stimulate the economy and pay it back during the good times.

    How do you know what I was doing during 2003-2004?

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

    Quote Originally Posted by Moot View Post
    Right, it only took Bush 8 years to run up the debt to 10 trillion and destroy the global economy and you expected Obama to clean up the mess in 4 years? Yes, there were a lot of people who saw the train wreck coming, but they were either ignored, ridiculed or fired for being unpatriotic.
    Lets look at facts, Bush added 4.357 trillion to the national debt in 8 yrs, Obama has added 6.668 trillion in just 4 yrs, Obama is borrowing 1.2 trillion a yr and by the end of his 8 yrs will have added over 10+ trillion in just 8 yrs. Trumping all the presidents before him combined. For a total of 20+ trillion national debt. Last I remember he was going to cut the deficit in half in his first term. But you knew he was lying as Liberal = tax, borrow, spend and give free stuff.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Quote Originally Posted by Born Free View Post
    Lets look at facts, Bush added 4.357 trillion to the national debt in 8 yrs, Obama has added 6.668 trillion in just 4 yrs, Obama is borrowing 1.2 trillion a yr and by the end of his 8 yrs will have added over 10+ trillion in just 8 yrs. Trumping all the presidents before him combined. For a total of 20+ trillion national debt. Last I remember he was going to cut the deficit in half in his first term. But you knew he was lying as Liberal = tax, borrow, spend and give free stuff.
    To be fair please answer the following simple question: What was the Bush increase in the defict/national debt about, if not simply to "tax, borrow and spend and give free stuff"? The outrage is not so easy to believe when the basic policy was not changed, only the "magnitude" of the gap (deficit). Hmm...
    “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 Born Free View Post
    Lets look at facts, Bush added 4.357 trillion to the national debt in 8 yrs, Obama has added 6.668 trillion in just 4 yrs, Obama is borrowing 1.2 trillion a yr and by the end of his 8 yrs will have added over 10+ trillion in just 8 yrs. Trumping all the presidents before him combined. For a total of 20+ trillion national debt. Last I remember he was going to cut the deficit in half in his first term. But you knew he was lying as Liberal = tax, borrow, spend and give free stuff.
    But this practice of Tax, Borrow, Spend and Give Away Free Stuff actually works. Food Stamps, Subsidized ent and Obamaphones. What more does a person need?

    This guy should have been taught in public schools but its too late for that now.

    Alexis de Tocqueville Quotes (Author of Democracy in America)

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

    Quote Originally Posted by Born Free View Post
    Lets look at facts, Bush added 4.357 trillion to the national debt in 8 yrs, Obama has added 6.668 trillion in just 4 yrs, Obama is borrowing 1.2 trillion a yr and by the end of his 8 yrs will have added over 10+ trillion in just 8 yrs. Trumping all the presidents before him combined. For a total of 20+ trillion national debt. Last I remember he was going to cut the deficit in half in his first term. But you knew he was lying as Liberal = tax, borrow, spend and give free stuff.

    And where were the "debt concerned" GOP members during the Bush era of tac cuts, borrow, spend and give free stuff?

    The simple fact is Obama is continuing a method that got Bush elected twice. No, I'm not just blaming Bush. Let's get real though, how can anyone who voted for Bush twice be complaining about Obama's spending without being a hypocrite?

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

    Quote Originally Posted by ttwtt78640 View Post
    To be fair please answer the following simple question: What was the Bush increase in the defict/national debt about, if not simply to "tax, borrow and spend and give free stuff"? The outrage is not so easy to believe when the basic policy was not changed, only the "magnitude" of the gap (deficit). Hmm...
    9/11 was a horrendous thing that happened very early in GW's term and that certainly had an effect on the economy and spending.

    Obama's spending priorities, while doubling, appear to be more mysterious.

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

    Congress controls, or fails to control, spending.

    Not the president.

    Whether the president has an R or a D after his name means little.
    "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 TheNextEra View Post
    And where were the "debt concerned" GOP members during the Bush era of tac cuts, borrow, spend and give free stuff?

    The simple fact is Obama is continuing a method that got Bush elected twice. No, I'm not just blaming Bush. Let's get real though, how can anyone who voted for Bush twice be complaining about Obama's spending without being a hypocrite?
    First I'm critical of any president borrowing money, I don't care who he his. Take your logic, for every person who voted for Obama approved of Bush's spending and loves how Obama is borrowing and spending, even more.

    As for Obama continuing a method that got Bush elected twice. Obama has taken that method and tripled it. So liberals are really happy now the more liberal Obama and clan spend the more they love the guy. Obama is Santa Clause.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Quote Originally Posted by Dittohead not! View Post
    Congress controls, or fails to control, spending.

    Not the president.

    Whether the president has an R or a D after his name means little.
    Interesting, whey is Obama even talking to the leader of the house?
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Do people really see the Bush Tax Cuts as a addition to the debt? I would think even the simplest logic would conclude that yes, while that money did not come into the government; it was used for goods, services and investments. Those add to the economy which creates money to be taxed which brings in more money. Or would that statement open a can of worms?
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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