Repubs: "Spending has really gotten out of control in the last two years".

[kentuck]

Yes it has.

But the first year of any new President has the budget of the previous President. The budget of 2009 had a deficit of $1.3 trillion dollars. That was the Bush budget. This year's budget, although slightly lower, is the first year of Obama's budgets.

But, it is not honest for the Republicans to say that "spending has gotten out of control in the last two years" and insinuate that it is all Obama's fault. They don't say it. They insinuate it.

Regardless, it is not as if President Obama was left with a $260 billion dollar surplus and a 4.1% unemployment rate, as was George W Bush. He was left with a economic debacle. There is no argument. The spending was inherited and it was necessary to continue in order to keep the economy from sliding into a depression. The Republicans know that but they never say that. They are dishonest.

[msongs]

1. reframe: Repubs call for massive cuts in military spending nt

[mikekohr]

2. LAST 3 REPUBLICAN PRESIDENTS RAN UP $ 9.2 Trillion of NATIONAL DEBT

?

Every President, from Truman to Carter, steadily paid down the staggering debt that was run up in our fight against Nazi Germany and Imperial Japan. That pattern came to a screeching halt with Reagan/Bush and Bush. Clinton’s fiscal policy was a brief respite during this orgy of deficit spending.

Clinton balanced 5 budgets, which is 5 times as many balanced budgets as the last 5 Republican presidents combined.


President Obama, like President Clinton, inherited a sea of red ink and a recession from his predecessor. He, like President Clinton, recognizes the importance of getting America back to work and then getting our fiscal house in order.


See National Debt Graph @: http://zfacts.com/p/318.html


WHY DO REPUBLICAN ECONOMIC PRINCIPLES EXPAND THE NATIONAL DEBT?
-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-

?

(click to enlarge)
http://cedarcomm.com/~stevelm1/usdebt.htm

The two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics” claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics (see http://bureaucountydems.blogspot.com/p/job-growth.html )and nine of the last ten recessions have occurred under Republican leadership (see http://bureaucountydems.blogspot.com/p/history-of-recessions.html ).

Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.


mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[mikekohr]

3. Study by Dr. Stephen Bloch of Aldephi University , President Obama HAS REDUCED the yearly debt

Edited on Sun Oct-17-10 10:02 AM by mikekohr
here are numbers complied by Dr. Stephen Bloch from the Math and Computer Science Department od Adelphi University. He agrees with my stand on the reduction in the yearly debt by President Obama over President Bush's last year in office. In fact if you look at the chart President Obama IS replicating almost exactly the path of President Clinton, the most fiscally responsible president since Harry S Truman.

from http://home.adelphi.edu/sbloch/deficits.html

Comments on Table 1:
The 2008-2009 fiscal year that spanned the Bush-Obama transition (which, for consistency, I attribute to the outgoing administration) had an unprecedented deficit of $879 billion (in 1983 dollars). 2009-2010, the first fiscal year that fell entirely into Obama's administration, was $120 billion smaller, at $758 billion (in 1983 dollars), but still the second-highest annual deficit on record. The third-highest was 2007-2008, at $472 billion in 1983 dollars, and the fourth-highest was 1942-43, at $372 billion in 1983 dollars.

click to view chart
http://home.adelphi.edu/sbloch/deficits.html

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[Proud Liberal Dem]

4. I agree with most of what you say

though the Repubs are never INSINUATING that it is all Obama's fault. Nearly all of them (all of them?) are just coming right out and SAYING it from what I've observed. And yes, they are VERY dishonest about it, like all of the "teabaggers".

[Beaverhausen]

5. Isn't it the case that Obama added in the cost of the wars that Bush left out?

into the overall deficit, and the repubs are using that to say Obama is spending more?

[CakeGrrl]

7. Yes. He made that point several times during the campaign as well.

They need to bring up facts like this any time they get in front of a camera.

[BootinUp]

6. The huge deficit is more a function of drop in Revenues! See Krugman

(about 7% higher spending over normal growth)

The Non-Surge In Government Spending, Continued
A bit more on how government spending has not, contrary to what you hear everywhere, surged under Obama. Let me offer a calculation that will, I hope, make things a bit clearer. (Cue the usual suspects shouting that I’m lying).

snip

Actual growth has been higher: 19.5 percent. So government spending is about 7 percent, or about $350 billion, higher than a simple trend projection would have suggested. What accounts for the higher spending?

Well, none of it is government consumption; it’s all in transfer payments. BEA data aren’t quite as helpful here as I’d like, but it’s clear that a large chunk, roughly $100 billion, is unemployment benefits, which have surged along with unemployment, and another large chunk is Medicaid spending, which has surged because the slump has impoverished more people. Some more for other safety net programs, like food stamps. Also, Social Security and Medicare outlays have gone up about $85 billion more than my 11.7 percent norm — medical cost growth, aging baby boomers, and maybe some people taking early retirement because they can’t find jobs.

And with that, you’ve basically explained the growth in government spending. No giant expansion of the welfare state — just business as usual in the face of a horrific slump.

http://krugman.blogs.nytimes.com/2010/10/16/the-non-surge-in-government-spending-continued/

[DrToast]

9. Yes, it's bullshit to say that spending has gotten out of control

[Liberal_Stalwart71]

8. K&R!! Need to keep this thread at the top! n/t

[Milo_Bloom]

10. Actually.. spending has been out of control for the last 10 years!

Also, can we PLEASE be honest about FY 09? That is a SHARED budget and when you don't acknowledge it, it makes you look as if you are trying to lie. About 600 billion of FY 09 was Obama's (200 billion from the stimulus and 400 billion for the Omnibus bill of 09).