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View Full Version : Welcome to the fourth year of trillion plus deficits



Mainecoons
10-14-2012, 06:00 AM
If stimulus worked, then why isn't it? The US has $1 trillion deficits for four years in a row. If that's not stimulus, what is? Since it isn't working, the next question is how are we going to pay for it?

While pondering those questions, please note US runs a 4th straight $1 trillion-plus budget gap (http://finance.yahoo.com/news/us-runs-4th-straight-1-214209011.html?l=1).

Read more at http://globaleconomicanalysis.blogspot.mx/2012/10/us-runs-4th-straight-1-trillion-plus.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysi s+(Mish's+Global+Economic+Trend+Analysis)#fKuVv5Rz ESspyh43.99 (http://globaleconomicanalysis.blogspot.mx/2012/10/us-runs-4th-straight-1-trillion-plus.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysi s+(Mish's+Global+Economic+Trend+Analysis)#fKuVv5Rz ESspyh43.99)


Welcome to slow growth for as far as the eye can see. Unfavorable demographics coupled with a mountain of debt seals the fate.

Ironically, Keynesian clowns are begging for stimulus, as if we don't have it already. But no! $1 trillion in deficit spending is not enough for them. They want to spend still more as if they can overcome demographics, debt deflation, interest on the national debt, and the simple fact that the government can never spend money wisely.

Want proof? The $16 trillion in debt speaks for itself. What do we have to show for that debt other than an enormously well off 1% vs. everyone else?

Liberal fools, pay attention to that last sentence.

patrickt
10-14-2012, 07:37 AM
"Want proof? The $16 trillion in debt speaks for itself. What do we have to show for that debt other than an enormously well off 1% vs. everyone else?"

Democrats controlling the Senate and the Administration.

Trinnity
10-14-2012, 07:41 AM
And how come there's STILL no budget???

Mainecoons
10-14-2012, 08:02 AM
What is ironic is that the one percent has to love this administration, which explains why they are donating so much money to re-elect it. They get rich off of the artificially pumped up stock market while the 99 percent can't make any money on their meager savings. They get bailed out of bad paper by the Fed to the tune of 40 billion per month while the 99 percent have seen gasoline prices double and full time jobs being turned into part time jobs to avoid the taxes and regulations of ObamaCare.

I don't think that if we had the Koch brothers in the White House, the 99 percent would be getting screwed nearly as bad as they are by Obama and his radical administration.

truthmatters
10-14-2012, 08:06 AM
why do you people refuse to accept your Iraq war debacle was NEVER paid for under Bush?

why do you pretend its Obamas fault?

do you really believe this crap?

How do you talk this shit and not expect to be seen as complete dupes of Fox propaganda?

truthmatters
10-14-2012, 08:08 AM
http://answers.yahoo.com/question/index?qid=20110827193409AA3sQKo



When someone becomes the president on January 20, he has to run the country on the last president's budget until his budget takes effect on October 1. Even though we have a new president, the money run the country has already been allocated by the last president. Hence, this new president isn't responsible for spending until October 1.

When Bush 1 took responsibility for the budget on Oct 1, 1989, our nat debt was $2.9 trillion.
When Clinton took responsibility for the budget on Oct 1, 1993, our nat debt was $4.4 trillion.
When Bush took responsibility for the budget on Oct 1, 2001, our national debt was $5.8 trillion.
When Obama took responsibility for the budget on Oct 1, 2009, our nat debt was $11.9 trillion.

Our National Debt is now $14.65 trillion.

The Nat Debt went up $1.5 trillion under Bush 1.
The Nat Debt went up $1.4 trillion under Clinton.
The Nat Debt went up $6.1 trillion under Bush 2.
And the Nat Debt has gone up $2.75 trillion under Obama.

http://www.treasurydirect.gov/govt/repor… (http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm)

Note: the Fiscal Year ends on September 30 and a new one begins on October 1.

respectfulguest
10-14-2012, 09:47 AM
most fiscal Conservatives were extremely unhappy with President Bush's tenure as Commander & Chief with the main reason being his Admin spent too much. Comparing President Bush's spending to President Obama's is somewhat moot from the perspective both Admins spent what we do not have.

truthmatters
10-14-2012, 10:02 AM
they LOVED him while he did it

garyo
10-14-2012, 10:04 AM
Here is a complete list of Obama's Czars along with what it's costing the taxpayer's, in my opinion this is the height of waste and arrogance and is never discussed.

http://dancingczars.wordpress.com/2012-list-obama-czars/

respectfulguest
10-14-2012, 10:09 AM
they LOVED him while he did it


sure, if you say so.

truthmatters
10-14-2012, 10:09 AM
How much money did you Iraq war built on lies cost this country?

truthmatters
10-14-2012, 10:10 AM
so your going to pretend the right did not LOVE bush while he was in office?


see they cant face reality

garyo
10-14-2012, 10:14 AM
Does your mommy know your using her computer?

truthmatters
10-14-2012, 10:14 AM
http://www.gallup.com/poll/113641/Despite-Recent-Lows-Bush-Approval-Average-Midrange.aspx


PRINCETON, NJ -- Extreme highs and lows have characterized George W. Bush's job approval ratings as president. His record 90% approval rating early in his presidency following the Sept. 11 terrorist attacks stands in stark contrast to his sub-30% approval ratings during most of his final year in office, which rank among the lowest ratings ever measured.

http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/thoktsy5jkyzejr1oraoag.gifBecause of these ups and downs, Bush's 49% approval average for his presidency will rank him in the middle of the pack (7th of 11) of post-World War II presidents. His average to-date of 49.4% is similar to Richard Nixon's 49.1% but slightly better than Harry Truman's and Jimmy Carter's historical lows below 46%.

truthmatters
10-14-2012, 10:15 AM
at what point do you think those lows were democratic voter support?

Chris
10-14-2012, 10:32 AM
they LOVED him while he did it

False. Some of us criticized Bush as a big government con, iow, a liberal. respectfulguest did just that before your false post.

truthmatters
10-14-2012, 10:33 AM
You still defend him here on this site every day

truthmatters
10-14-2012, 10:34 AM
Do you deny that a great deal of the "Obama" debt you claim was procduced by Bush?

Chris
10-14-2012, 10:35 AM
You still defend him here on this site every day

Citation, please. Where have I defended Bush? Otherwise consider this just another of your false accusations.

Chris
10-14-2012, 10:35 AM
Do you deny that a great deal of the "Obama" debt you claim was procduced by Bush?

Not at all. Do you deny Obama has made things worse?

respectfulguest
10-14-2012, 11:03 AM
some on "right" approved of President Bush's performance, most fiscal Conservatives did not. if you believe differently, then go for it, the GOP lost factions of its base due to reckless spending during the Bush years.. it still does not exonerate the Bush or Obama Admins from over-spending.

Chris
10-14-2012, 11:13 AM
Bush spent like a drunken sailor was a common expression. NCLB, Medicare Drug Bill, immigration, neo-con wars, all liberal ideas he co-opted, and Obama continued if not doubled down on.

Peter1469
10-14-2012, 11:34 AM
Bush spent like a drunken liberal. Don't disrespect sailors. :wink:

hanger4
10-14-2012, 11:45 AM
How much money did you Iraq war built on lies cost this country?


The Bush Lied People Died meme was debunked years ago truthy, try and keep up.

hanger4
10-14-2012, 11:46 AM
You still defend him here on this site every day


Of course, certain aspects, don't believe any conservative here, or anywhere else for that matter, ever defended the Bush administration's spending.

patrickt
10-14-2012, 01:49 PM
Drunken sailors spend their own money. Liberals, drunk or sober, spend other people's money.

Mainecoons
10-14-2012, 02:01 PM
"Truth" if you think this board is some sort of Bush fan club it just demonstrates that your reading skills are even more atrocious than your writing skills. Frankly, among the great majority here Bush is about as popular as Obama.

Try paying attention to what is actually being posted here instead of making nonsense up and posting it in an illiterate imitation of the English language.