Short bus, why was Federal spending at $3.5 trillion in 2012, three long years after the great Obama miracle pulled us out of the recession in 2009? In 2007 just 5 short years before total Federal spending was $2.7 trillion. Obama had ended the Iraq war and made us all safe, so you can't blame war spending. The great economic miracle of Obamanomics was giving us a boooooooming economy. So why was Federal spending so much higher?
What’s the effect on the deficit as a % of GDP? Awesome if we see a decline. The other way, not so much. I dunno...anyone?
So anemic growth for 8 years is cool as long as you only add 10 trillion to the debt?
But over 4% growth is bad.
Welcome to Bizarre World
I chuckle at the bizarre world comment in the same comment where you blame 10 trillion on the prior administration.
So was it Bush or Trump? Why wouldn't Obama get the blame?
Both. And Congress. Both Republican and Democrat. The wars and Medicare part D cost a shit ton. Obama had the $800 billion stimulus. A lot of the rest was reduced revenues from tax cuts and recession.
Need more information?
Absolute bullshit. In 2008, the total Federal expenditures for the year were $2.9 trillion and every conservative I knew was pissed about Bush's spending the budget deficit for FY 2008 was $458 billion. TARP and Obama stimulus spending boosted the FY 2009 budget to $3.5 trillion and a budget deficit of $1.4 trillion. If you look at the baseline budget spending from that year going forward despite the fact that both TARP and the Stimulus fraud were supposed to be single year budget items, spending after FY 2009 maintained almost the same level.
Total expenditures for FY 2010 were $3.4 trillion with a $1.3 trillion dollar deficit.
For FY $3.6 Trillion in expenditures and a budget deficit of $1.6 trillion Spending and our debt exploded under Obama. His first year in office he goosed federal spending by over a trillion dollars a year and he maintained that level of spending for every year after despite the fact that two of the biggest budget items in 2009 were supposed to be single year expenditures.
All of Obama deficit "reductions" came from just maintaining the existing level of spending while increasing taxes and the increasing revenue from an anemic economy,
While your numbers are mostly correct. Your analysis is fucked up. What do you think happens to entitlement spending when we have a severe recession? Do you think that had any effect on spending?
What’s the effect on the deficit as a % of GDP? Awesome if we see a decline. The other way, not so much. I dunno...anyone?
So anemic growth for 8 years is cool as long as you only add 10 trillion to the debt?
But over 4% growth is bad.
Welcome to Bizarre World
I chuckle at the bizarre world comment in the same comment where you blame 10 trillion on the prior administration.
So was it Bush or Trump? Why wouldn't Obama get the blame?
Both. And Congress. Both Republican and Democrat. The wars and Medicare part D cost a shit ton. Obama had the $800 billion stimulus. A lot of the rest was reduced revenues from tax cuts and recession.
Need more information?
Absolute bullshit. In 2008, the total Federal expenditures for the year were $2.9 trillion and every conservative I knew was pissed about Bush's spending the budget deficit for FY 2008 was $458 billion. TARP and Obama stimulus spending boosted the FY 2009 budget to $3.5 trillion and a budget deficit of $1.4 trillion. If you look at the baseline budget spending from that year going forward despite the fact that both TARP and the Stimulus fraud were supposed to be single year budget items, spending after FY 2009 maintained almost the same level.
Total expenditures for FY 2010 were $3.4 trillion with a $1.3 trillion dollar deficit.
For FY $3.6 Trillion in expenditures and a budget deficit of $1.6 trillion Spending and our debt exploded under Obama. His first year in office he goosed federal spending by over a trillion dollars a year and he maintained that level of spending for every year after despite the fact that two of the biggest budget items in 2009 were supposed to be single year expenditures.
All of Obama deficit "reductions" came from just maintaining the existing level of spending while increasing taxes and the increasing revenue from an anemic economy,
While your numbers are mostly correct. Your analysis is fucked up. What do you think happens to entitlement spending when we have a severe recession? Do you think that had any effect on spending?
Hire did Obama goose spending by a trillion?? Fuck you are dumb.
He signed into law a Stimulus fraud that added nearly $800 Billion in spending and he voted in favor of TARP.
Try to pay attention short bus.
Can you even read? Pay attention to what I said about the stimulus.
Short bus, just because only a fraction of the Stimulus fraud was spent in 2009 that doesn't mean that only a fraction of it was allocated in 2009. I read what you said short bus. If I take out a million dollar loan in 2009 but I only spend $1000 of it in 2009 do I have any less a million dollar debt? Much of TARP was repaid. That still didn't stop the base line budget from increasing to the TARP year budget.
I'll just keep this in mind tomorrow when you blame Trump and his tax cuts for the debt or deficit
Bookmark it. I'm talking direct actions. And the trend of deficits was reducing when Trump took over. He turned that into increasing deficits. While at the same time growing the economy. I can also point to a direct action of increasing the military budget $80 billion and $26 billion to Farmers. What's your point?
You lie almost as well as BearsDontWin...they went up the last 2 years of Obama.
But still...
That technically it's correct. Lowest year was 15. 16 and 17 were higher. And 17, even tho 8 months under Trump, was Obama's last budget.
That being said, you can't have it both ways. You are blaming Obama for 09 and it's $1.4 trillion deficit (Bush's last budget) AND blaming Obama for 17.
The biggest additions to the 2009 budget deficit were TARP and the stimulus fraud. Which of those did Obama oppose? I'll spare you the mystery short bus; Neither.
Now why shouldn't Obama get blame for a budget deficit that was driven mainly by two polices he supported and one he signed into law?
Tarp was Bush. Democrats pushed back and said we need more time. Bush said no, pass this. And the vast majority was spent in 2009. The stimulus however was in March of 09 and less than $50 billion was spent my the end of 09. Remember the discussion on "shovel ready projects"?
What was spent and what was allocated aren't quite the same thing now are they short bus? Did Obama oppose TARP? More Republicans opposed TARP than did Rats so why are you blaming Bush?
I'll just keep this in mind tomorrow when you blame Trump and his tax cuts for the debt or deficit
Bookmark it. I'm talking direct actions. And the trend of deficits was reducing when Trump took over. He turned that into increasing deficits. While at the same time growing the economy. I can also point to a direct action of increasing the military budget $80 billion and $26 billion to Farmers. What's your point?
You lie almost as well as BearsDontWin...they went up the last 2 years of Obama.
But still...
That technically it's correct. Lowest year was 15. 16 and 17 were higher. And 17, even tho 8 months under Trump, was Obama's last budget.
That being said, you can't have it both ways. You are blaming Obama for 09 and it's $1.4 trillion deficit (Bush's last budget) AND blaming Obama for 17.
The biggest additions to the 2009 budget deficit were TARP and the stimulus fraud. Which of those did Obama oppose? I'll spare you the mystery short bus; Neither.
Now why shouldn't Obama get blame for a budget deficit that was driven mainly by two polices he supported and one he signed into law?
Tarp was Bush. Democrats pushed back and said we need more time. Bush said no, pass this. And the vast majority was spent in 2009. The stimulus however was in March of 09 and less than $50 billion was spent my the end of 09. Remember the discussion on "shovel ready projects"?
Btw, that $50 billion number is a lie but I'll let you cop to just being a ignorant dipshit if you like.
I'll just keep this in mind tomorrow when you blame Trump and his tax cuts for the debt or deficit
Bookmark it. I'm talking direct actions. And the trend of deficits was reducing when Trump took over. He turned that into increasing deficits. While at the same time growing the economy. I can also point to a direct action of increasing the military budget $80 billion and $26 billion to Farmers. What's your point?
You lie almost as well as BearsDontWin...they went up the last 2 years of Obama.
But still...
That technically it's correct. Lowest year was 15. 16 and 17 were higher. And 17, even tho 8 months under Trump, was Obama's last budget.
That being said, you can't have it both ways. You are blaming Obama for 09 and it's $1.4 trillion deficit (Bush's last budget) AND blaming Obama for 17.
The biggest additions to the 2009 budget deficit were TARP and the stimulus fraud. Which of those did Obama oppose? I'll spare you the mystery short bus; Neither.
Now why shouldn't Obama get blame for a budget deficit that was driven mainly by two polices he supported and one he signed into law?
Tarp was Bush. Democrats pushed back and said we need more time. Bush said no, pass this. And the vast majority was spent in 2009. The stimulus however was in March of 09 and less than $50 billion was spent my the end of 09. Remember the discussion on "shovel ready projects"?
What was spent and what was allocated aren't quite the same thing now are they short bus? Did Obama oppose TARP? More Republicans opposed TARP than did Rats so why are you blaming Bush?
I would read up on governmental accounting.
You are right and I'm wrong, It wasn't all allocated in 2009. My mistake and I apologize.
Congress designed the Act to spend $720 billion, or 91.5 percent, in its first three fiscal years. It allocated $185 billion in FY 2009, $400 billion in FY 2010 and $135 billion in FY 2011.
The Obama administration did better than planned. By the end of FY 2009, it spent $241.9 billion. Of that, it spent $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits, and $62.6 billion in job creation grants. In the FY 2012 budget, the Congress allocated additional funding to raise the total to $840 billion. By December 31, 2013, the administration spent $816.3 billion. Of that, it spent $290.7 billion in tax relief, $264.4 billion in benefits, and $261.2 billion in contracts, grants, and loans.
I'll just keep this in mind tomorrow when you blame Trump and his tax cuts for the debt or deficit
Bookmark it. I'm talking direct actions. And the trend of deficits was reducing when Trump took over. He turned that into increasing deficits. While at the same time growing the economy. I can also point to a direct action of increasing the military budget $80 billion and $26 billion to Farmers. What's your point?
You lie almost as well as BearsDontWin...they went up the last 2 years of Obama.
But still...
That technically it's correct. Lowest year was 15. 16 and 17 were higher. And 17, even tho 8 months under Trump, was Obama's last budget.
That being said, you can't have it both ways. You are blaming Obama for 09 and it's $1.4 trillion deficit (Bush's last budget) AND blaming Obama for 17.
The biggest additions to the 2009 budget deficit were TARP and the stimulus fraud. Which of those did Obama oppose? I'll spare you the mystery short bus; Neither.
Now why shouldn't Obama get blame for a budget deficit that was driven mainly by two polices he supported and one he signed into law?
Tarp was Bush. Democrats pushed back and said we need more time. Bush said no, pass this. And the vast majority was spent in 2009. The stimulus however was in March of 09 and less than $50 billion was spent my the end of 09. Remember the discussion on "shovel ready projects"?
What was spent and what was allocated aren't quite the same thing now are they short bus? Did Obama oppose TARP? More Republicans opposed TARP than did Rats so why are you blaming Bush?
I would read up on governmental accounting.
You are right and I'm wrong, It wasn't all allocated in 2009. My mistake and I apologize.
Congress designed the Act to spend $720 billion, or 91.5 percent, in its first three fiscal years. It allocated $185 billion in FY 2009, $400 billion in FY 2010 and $135 billion in FY 2011.
The Obama administration did better than planned. By the end of FY 2009, it spent $241.9 billion. Of that, it spent $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits, and $62.6 billion in job creation grants. In the FY 2012 budget, the Congress allocated additional funding to raise the total to $840 billion. By December 31, 2013, the administration spent $816.3 billion. Of that, it spent $290.7 billion in tax relief, $264.4 billion in benefits, and $261.2 billion in contracts, grants, and loans.
Comments
Congress designed the Act to spend $720 billion, or 91.5 percent, in its first three fiscal years. It allocated $185 billion in FY 2009, $400 billion in FY 2010 and $135 billion in FY 2011.
The Obama administration did better than planned. By the end of FY 2009, it spent $241.9 billion. Of that, it spent $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits, and $62.6 billion in job creation grants. In the FY 2012 budget, the Congress allocated additional funding to raise the total to $840 billion. By December 31, 2013, the administration spent $816.3 billion. Of that, it spent $290.7 billion in tax relief, $264.4 billion in benefits, and $261.2 billion in contracts, grants, and loans.
TIA