Obama is the first president to spend more than all the other presidents combined.
Just think, Bush had 9/11 and two wars and still spent a $trillion a year less than Obama and Obamacare hasn't even kicked in yet. . On Mon, Oct 21, 2013 at 3:48 PM, GMoney <gm0n3...@gmail.com> wrote: > > Good stuff. > > I guess the reason I originally asked the question is because i hear often > from conservatives that "spending is out of control", as if this were a > recent, Obama-created actuality. No doubt Obama wants to spend, but he's > hardly the first 21st century prez to do so. > > Few things are more expensive than a war....and Bush engaged in two of > them (one I will grant him was defensive/revenge in nature...the other one > he clearly started). Where were the conservative voices then, saying that > "spending was out of control"? Shit, Bush even sent me a check for $600! I > think I spent that on hookers and blow. > > How's that for out of control? > > > On Mon, Oct 21, 2013 at 2:42 PM, Judah McAuley <ju...@wiredotter.com> > wrote: > > > > > Here are some figures from the CBO, if you like. This particular write > up > > looks at 2002 to 2011. Every year, the CBO makes a 10-year forecast, > > looking and what things should look like under current policy/conditions, > > if those persisted. > > > > http://www.cbo.gov/publication/41463 > > > > "In January 2001, CBO's baseline projections showed a cumulative surplus > of > > $5.6 trillion for the 20022011 period. The actual results have differed > > from those projections because of subsequent policy changes, economic > > developments that differed from CBO's forecast, and other factors. As a > > result, the federal government ran deficits from 2002 through 2011. The > > cumulative deficit over the 10-year period amounted to $6.1 trilliona > > swing of $11.7 trillion from the January 2001 projections." > > > > That's a big shift, obviously. So what caused the shift? Look at the > > included table and it breaks down about this way: > > > > $3.5 trillion Economic changes (including lower than expected tax > > revenues and higher safety net spending due to recession) > > $1.6 trillion Bush Tax Cuts (EGTRRA and JGTRRA), primarily tax cuts but > > also some smaller spending increases > > $1.5 trillion Increased defense and non-defense discretionary spending > > $1.4 trillion Wars in Afghanistan and Iraq > > $1.4 trillion Incremental interest due to higher debt balances > > $0.9 trillion Obama stimulus and tax cuts (ARRA and Tax Act of 2010) > > > > The CBO notes some technical issues with this analysis but it's pretty > > close by most accounts. > > > > The White House visualized the CBO data in this infographic: > > http://www.whitehouse.gov/infographics/us-national-debt > > > > I really like the Pew Trust visualizations/explanations of the changes: > > > > > http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Fact_Sheets/Economic_Policy/drivers_federal_debt_since_2001.pdf > > > > Hope that helps. > > > > Cheers, > > Judah > > > > On Mon, Oct 21, 2013 at 11:49 AM, GMoney <gm0n3...@gmail.com> wrote: > > > > > > > > I guess i'm looking for spending figures. You do understand that a > > > "deficit" has two factors, right, only one of which is spending? > > > > > > I don't know how Obama's spending compares to Bush's (which is why i > > > asked), but I do know that Bush spent a LOT more than most > conservatives > > > were comfortable with. > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:367969 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
