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Old May 10, 2011, 12:06 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Dayton, OH
Joined Feb 2006
417 Posts
Quote:
Originally Posted by Pipemajor View Post
And your post demonstrates a bit of a problem reading a calendar. Obama wasn't inaugurated until Jan 2009. The FY 2009 budget had already been in place for 3 months. BHO's first budget didn't "hit" until FY 2010.

That is precisely why this guy produced a spreadsheet of historical deficits and did a 2nd comparison which would ignore the 1st year of each term since that reflected the previous adminstration's budget.

For FY 2010, the Obama administration has produced a $120b reduction in the deficit.
Presidents don't control or create the spending. That happens in congress. Interesting that if you look at your site and look at who controlled the spending (congress) since the mid 80's it clearly shows the republicans have done much better at controlling the budget and spending than the democrats.
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Old May 10, 2011, 12:56 PM
Bagpipes spoken here
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United States, MN, St Paul
Joined Aug 2007
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Originally Posted by RumRunner_1492 View Post
since the mid 80's it clearly shows the republicans have done much better at controlling the budget and spending than the democrats.
OK, so why didn't a single Republican vote for Clinton's 1993 Deficit Reduction Act? Do they LIKE running huge deficits? History indicates this is the case.

BTW, it is the President who proposes the budget. Congress then has to approve/disapprove it. Republican spending results in very little return for the investment (defense/wars/tax breaks for the wealthy) while democrat spending has very significant paybacks (education/improving infrastructure/environment).
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Old May 10, 2011, 01:04 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Dayton, OH
Joined Feb 2006
417 Posts
Quote:
Originally Posted by Pipemajor View Post
OK, so why didn't a single Republican vote for Clinton's 1993 Deficit Reduction Act? Do they LIKE running huge deficits? History indicates this is the case.

BTW, it is the President who proposes the budget. Congress then has to approve/disapprove it. Republican spending results in very little return for the investment (defense/wars/tax breaks for the wealthy) while democrat spending has very significant paybacks (education/improving infrastructure/environment).
It's called politics. The last 30 years actually shows when the republicans are in control of congress they are better at controlling spending and deficits than the democrats.

I know the president proposes a budget but it is congress who controls spending and they will change the budget to fit their goals and tehn tehy come up with a fnal budget. Republican spending results in a significant ROI. Where as democrat sacred cows such as welfare and entitlements for all result in very little. There are stupid uses of money created by the democrats that are a significant waste of money. All you have to do is look at the crap in the porkulus bill to see some fne examples. Most of that money was a complete waste with no ROI.
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Old May 10, 2011, 01:06 PM
Suspended Account
ni'ihau
Joined Nov 2003
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Quote:
Originally Posted by Pipemajor View Post
......while democrat spending has very significant paybacks (education/improving infrastructure/environment).
...excellent post!

When this news gets out I'm sure you guys will take back the congress..
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Old May 10, 2011, 01:16 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Dayton, OH
Joined Feb 2006
417 Posts
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Originally Posted by Eljimb0 View Post
...excellent post!

When this news gets out I'm sure you guys will take back the congress..
You know it. The tunnel under the road to keep lizzards safe as they migrate has a MASSIVE ROI associated to it for the well being of the public. Never mind the lizzards have no idea the tunnel is there or that it is supposed to be for them to use. Gotta love those liberal investments of tax payer dollars.
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Last edited by RumRunner_1492; May 10, 2011 at 01:52 PM.
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Old May 10, 2011, 01:59 PM
LcJ
Forever TMWT Pilot #11
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United States, LA, Monroe
Joined Mar 2003
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Quote:
Originally Posted by Pipemajor View Post
And your post demonstrates a bit of a problem reading a calendar. Obama wasn't inaugurated until Jan 2009. The FY 2009 budget had already been in place for 3 months. BHO's first budget didn't "hit" until FY 2010.

That is precisely why this guy produced a spreadsheet of historical deficits and did a 2nd comparison which would ignore the 1st year of each term since that reflected the previous adminstration's budget.

For FY 2010, the Obama administration has produced a $120b reduction in the deficit.
But what was the total deficit for 2010? Oh, and how much of that was borrowed. No BS just the amount spent that we didn't have?
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Old May 10, 2011, 02:04 PM
Figure Nine Champ
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North Texas
Joined Nov 2002
1,270 Posts
No fair, using actual arithmetic. From Wiki
Quote:
The 2010 Budget proposed by President Barack Obama projects significant debt increases.[11][12] The debt is projected to nearly double to $20 trillion by 2015, but is expected to increase to nearly 100% of GDP by 2020 and remain at that level thereafter.[citation needed]These estimates assume real GDP growth (after inflation) ranging from 2.6% to 4.6% annually from 2010 through 2019, which exceeds Blue Chip consensus estimates.
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Old May 10, 2011, 02:34 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Dayton, OH
Joined Feb 2006
417 Posts
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Originally Posted by madsci_guy View Post
No fair, using actual arithmetic. From Wiki
They used very, very rosey projections for their estimates. They had no basis in reality.
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Old May 10, 2011, 06:15 PM
LcJ
Forever TMWT Pilot #11
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United States, LA, Monroe
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Quote:
Originally Posted by madsci_guy View Post
No fair, using actual arithmetic. From Wiki
Quote:
Originally Posted by RumRunner_1492 View Post
They used very, very rosey projections for their estimates. They had no basis in reality.
They do this because they know the intelligence level of their core support and that them suckers will believe anything O says.........because O said it......that core groups is also math challenged, but gimmie savvy.
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Old May 10, 2011, 06:53 PM
The ground's the limit.
shawnc's Avatar
Boulder, CO Area
Joined Aug 2008
833 Posts
Quote:
Originally Posted by Pipemajor View Post
Name one Republican president who actually reduced our deficit.
Crickets
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