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Dec 6th, 2017
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Joined: Jun 2004
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Administrator Bionic Scribe
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OP
Administrator Bionic Scribe
Joined: Jun 2004
Posts: 21,134 |
Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.
Even hapless Herbert Hoover managed to increase spending more than Obama has.
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame
You are born naked and everything else is drag - RuPaul
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Joined: May 2005
Posts: 47,430 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,430 Likes: 373 |
Only conservatives push the spending meme as a wrong-direction (present company, WSJ, exempt). It's no surprise to librul Keynesians. History shows that spending and regulation of the markets helped the U.S. economy out of the 1930-40s financial crisis.
Contrarian, extraordinaire
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member
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As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.” Wonder why I saw "disco inferno" on my first skim? Probably another inferno Romney would have disavowed.
The final war will be between Pavlov's dog and Schroedinger's cat. --Robert Anton Wilson
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Joined: Jun 2004
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Administrator Bionic Scribe
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OP
Administrator Bionic Scribe
Joined: Jun 2004
Posts: 21,134 |
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame
You are born naked and everything else is drag - RuPaul
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Joined: Dec 2005
Posts: 12,010
Pooh-Bah
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Pooh-Bah
Joined: Dec 2005
Posts: 12,010 |
Yeah, well if republicans actually do what they promise, it will be the opposite of a stimulus.... and will drive the economy into the ground.
"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel
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Joined: Feb 2004
Posts: 6,523
old hand
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old hand
Joined: Feb 2004
Posts: 6,523 |
Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.
Even hapless Herbert Hoover managed to increase spending more than Obama has. 5 Trillion Dollars in new debt! That is $5T or $5,000,0000,000,000 over the last three and a half year. If he hasn't been spending it, has he banked it somewhere for a rainy day? Playing the percentage game is always a sham, and this administrations admirers and suck ups always seem couch their statements by claiming that as a percentage of GDP, or in this case rise in spending as a percentage. $5T is a f'ing lot of money and the country has gotten NOTHING from that investment, or more to the point, the country has squandered $5T on a feel good moment and the Peter Principle. $5,000,000,000,000 is 20,000,000,000,000 quarters, 50,000,000,000,000 dimes or 100,000,000,000,000 nickles.It represents $16,66667 in debt for every man, woman and child legally living in America. If you limit that debt to the current workforce, around 180,000,000 people and falling, then it represents $27,777.77778 for each American worker. BUT, Obama and his flunkies has designed a great economic model for Greece er America to follow.
Last edited by Ma_Republican; 05/24/12 11:37 AM.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Feb 2004
Posts: 6,523
old hand
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old hand
Joined: Feb 2004
Posts: 6,523 |
Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.
Even hapless Herbert Hoover managed to increase spending more than Obama has. As a definition: $5T is equal to how many miles: D=((5e12*V)*T)/63360D = Distance (Miles) V = Currency Value (Decimal) T = Currency Thickness (inches) 63360 = Inches in 1 mile. 339330.8 miles of one dollar bills 314,078,282.8 miles of quarters 35,511,363.6 Miles of dimes 121,527,777.8 miles of nickles. Put into context - The moon is about 265,000 miles from earth and Jupiter is 365,000,000 miles from Earth. I could do pennies also, but this representation seems to satisfy my curiosity.
Last edited by Ma_Republican; 05/24/12 12:24 PM.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Mar 2003
Posts: 8,082 Likes: 134
veteran
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veteran
Joined: Mar 2003
Posts: 8,082 Likes: 134 |
as usual there is a reading comprehension malfunction here follow the words closely ... the article talks about the budget ... let me repeat a little louder ... the article talks about the budget ... and one more time to be sure ... the article talks about the budgetthe disconnect is the conservative duplicitous confusion over shortfall in revenue with actual budget increase as if the revenues never fell and the Bush economic recession, 2 wars and unpaid for Bush era tax cuts never happened ... radical right wing extremist talk radio show hosts use this to really misinform their audience the reason for the revenue shortfall is well known but not recognized nor accepted in the face of reality by conservatives ... so simply check the numbers instead of the percentages and I quote from citation Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion geez ... another example of ... yeah ... whatever
ignorance is the enemy
without equality there is no liberty
America can survive bad policy, but not destruction of our Democratic institutions
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Joined: Mar 2003
Posts: 8,082 Likes: 134
veteran
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veteran
Joined: Mar 2003
Posts: 8,082 Likes: 134 |
my take is based on the fact the Bush administration failed to act when it was clear there were economic problems which needed to be addressed, instead appealed to the conservative principle of allowing the market to correct itself while the 99% suffered
the economy is precariously positioned on the precipice where any strong malevolent wind may send it careening wildly into the abyss and conservatives would allow it to happen with a shrug and say the market will correct itself
ignorance is the enemy
without equality there is no liberty
America can survive bad policy, but not destruction of our Democratic institutions
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Joined: Apr 2010
Posts: 12,004 Likes: 133
Pooh-Bah
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Pooh-Bah
Joined: Apr 2010
Posts: 12,004 Likes: 133 |
as usual there is a reading comprehension malfunction here follow the words closely ... the article talks about the budget ... let me repeat a little louder ... the article talks about the budget ... and one more time to be sure ... the article talks about the budgetthe disconnect is the conservative duplicitous confusion over shortfall in revenue with actual budget increase as if the revenues never fell and the Bush economic recession, 2 wars and unpaid for Bush era tax cuts never happened ... radical right wing extremist talk radio show hosts use this to really misinform their audience the reason for the revenue shortfall is well known but not recognized nor accepted in the face of reality by conservatives ... so simply check the numbers instead of the percentages and I quote from citation Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion geez ... another example of ... yeah ... whatever rporter, Could you please convert what you said into the thickness of pennies so that I can understand your point? Muchas gracias, dude
You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
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