Well make up your mind, the budget for Bush went through 9/30/09 and since the debt at that point was 11.9 trillion you said it belonged to Bush...even though you well know Obama and Congress can and have passed spending bills not planned in the budget. So when I give the projected debt under Obama's proposed budgets (since none have been passed for the 2011 and 2012 years) it isn't fair to use budgets?
Let's keep it simple, Bush spent an inexcusable amount of taxpayer money and dramatically increased the national debt. Obama is doing the SAME thing on a larger scale and it is inexcusable! Do we agree, or is it all still Bush's fault?
Ragin' Cajun wrote:
I don't think you are reading my posts correctly. I never blamed Bush for all, I never excused Obama, I objected to inflating Obama's numbers. The increase in debt from Jan 2009 to September is over 1.5 trillion. Even if the stimulus is added to the debt immediatly it would account for only 1/2 of that number, but again it isn't, it's budgeted over 10 years.
Of course the debt is too large, no question, but this problem goes back 30 years. It's the DC mentality, not any particular President. Every single one has added to the debt, some more than others, I understand that. Obama is just the latest and greatest to do it, but the next 3 are Reagan, Bush and Bush who raised the debt around 900%
"Federal debt began the 20th century at less than 10 percent of GDP. It jerked above 30 percent as a result of World War I and then declined in the 1920s to 16.3 percent by 1929. Federal debt started to increase after the Crash of 1929, and rose above 40 percent in the depths of the Great Depression."
"Federal debt exploded during World War II to over 120 percent of GDP, and then began a decline that bottomed out at 32 percent of GDP in 1974. Federal debt almost doubled in the 1980s, reaching 60 percent of GDP in 1990 and peaking at 66 percent of GDP in 1996, before declining to 56 percent in 2001. Federal debt started increasing again in the 2000s, reaching 70 percent of GDP in 2008. Then it exploded in the aftermath of the Crash of 2008, reaching 102 percent of GDP in 2011."
"Federal debt has breached 100 percent of GDP twice since 1900: during World War II and in the aftermath of the Crash of 2008."
Edit: Clinton's cbo projection is dismissed as incorrect, but Obama's is correct. Simply can't have it both ways. Projections are based on the situation and policies now, those can change. They obviously did when W. took over and the projections were ammended. Raising taxes won't fix all of it, cutting spending won't either, it requires a comprehensive approach and the politics of the moment do not allow for that. Obama has proposed a more comprehensive approach, the Republicans just want spending cuts, but haven't come up with anything that will save any real money, they just bring up projects they have always hated that amount to nothing in comparison to the entire budget.
Edited by user
14 years ago |
Reason: Not specified
