.mmi;1064628956]Federal outlays in the FY1989 budget were $1.79 trillion. That's $3.39 trillion adjusted for inflation
Well you figured out the quote function, thank you. Now apparently BEA disagrees with you. What is it about liberals who believe that official govt. data is wrong. Have you called them to straighten them out?
Not sure how old you were when JFK was President but his economic policy was all about cutting taxes and creating jobs.My guess is that you would be an embarrassment to Ronald Reagan. And the way you clowns try to claim JFK and MLK as yer own is sickening. Kennedy was a cold warrior, no doubt, and he was a bit late to the game on civil rights, but he was no conservative. To say he was is, as Kobie has correctly pointed out several times of late, patently absurd.
John F. Kennedy on taxes
I was a JFK Democrat so you have no idea what you are talking about again as usual.
Bobby was a little too liberal for me but he beat Humphrey IMOWhat's yer view on Bobby? A tough, hard-nosed SOB for sure. Ya think he was a conservative like his brother? Ya think their political views were very far apart?
Yes, that is the baseline but you wanted to use 1981 and not 1989 which is what I usedFor once, yer right. The $2.8 trillion figure should be used as the baseline.
>>The economy at the end of 1988 was 5.2 trillion.
Yep, I used 1989 as the Reagan economic plan wasn't passed until August 1981 so he was responsible for the 81 results and his policies were in place in 1989. What is amazing is that even the 2.4 trillion increase in GDP doesn't resonate with youGee, what happened to yer $5.6 trillion figure? I guess we both made a mistake. You gave him nine years and I gave him seven.
You adjust for inflation not only for expenses but revenue as well. The Reagan debt would have been 3.4 trillion in 8 years not the 7.6 trillion Obama has generated in less than 7. Inflation adjusted numbers are good to compare but during the time they were irrelevant. People living in the 80's lived with 80's dollars and expenses>>Trillions? Really? the entire economy was less than 3 trillion when he took office and the budget wasn't even a trillion dollars.
If yer gonna compare Reagan's dollar numbers to Obama's, you need to adjust for inflation. You say I need to learn what nominal means. I'd say the lack of understanding is on yer part. You say that adjusting for inflation is a mistake. Yeah, OK.
No, sorry, there was no spending in the Reagan Stimulus it was all tax cuts and reform>>Please research the Reagan stimulus and tell me how much spending was in that stimulus?
I already did, in post #343.
No, sorry, Bush submitted a budget proposal that was rejected by Congress. Continuing resolutions were passed at the 2008 levels and there is no way that Bush is responsible for what Obama spent after taking office and that includes the stimulus, recycling the TARP repayment, taking over GM, the Afghanistan supplemental, Bailing out Freddie and Fannie. Obama signed the 2009 budget in March knowing people like you would blame Bush. He was right, so was Gruber>>you claim all the 2009 deficit was Bush's please tell me how he did that from October 2008 to January 21, 2009 and then show me the Bush signed 2009 budget?
I spent a lot of time on this a year ago and I won't do it again. An outgoing president has the responsibility for the spending that takes place in the fiscal year that starts in Oct of his last full year. It's his budget and he's there for four months of it. It doesn't matter if he signs it or not. Dubya could just as well be criticized for not stepping up the plate.
That is your opinion. Any idea when the stimulus was passed and signed and where those shovels went to create shovel ready jobs and new taxpayers to help govt. revenue?Now 2009 was a very exceptional year. And yes, some of the spending can reasonably be attributed to Obama. I think the number was about 12-15%. You have no interest in how the numbers could reasonably be divided up. You just wanna push yer partisan, ideological line. Anyone who doesn't share yer mindset can see that.
Obama is incompetent and truly unqualified for the office. Defense of him makes Gruber look brilliant
You know what happens with insults.your use of the term Raygun is quite telling. Too bad you are incapable of competing in society and are jealous of what others have. The liberal in me feels sorry for you