Known turncoat pops off
Comments
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Not to mention he lies by trying to blame 2009 on Obama.HardlyClothed said:
Hey look you’re being intelectually dishonest again by posting the raw expenditure totals.SFGbob said:So where the fuck is the "austerity?"
Federal Spending in 2007 - $2.729 trillion
Federal Spending in 2008 - $2.902 trillion
Federal Spending in 2009 - Obama's first year in office - $3.518 trillion
Federal Spending in 2010 - $3.456 trillion
Federal Spending in 2011 - $3.603 trillion
Federal Spending in 2011 -$3.537 trillion
Federal Spending in 2013 - the first year of the "austerity" - $3.45 trillion
Federal Spending in 2014 - $3.506 trillion.
Feel the austerity!!!! Obama spent as much in 2013 or more in 2014 after sequestration and the supposed "austerity." Also note that Obama budgets all contain a nearly a $700 - $800 billion increase from Bush's reckless spending. The 2009 Budget contains what were supposedly "one time" costs from TARP and Obama's Stimulus fraud but as you can see, the budget barely dipped in 2010 and these "one time" expenditures were now baked into the budgetary pie. But Obama's recovery sucked, we're told because we just didn't "invest" enough.
In 2009 Fed spending as a % of GDP was about 25% and declined to 20% by 2013 and stayed flat until the end of Obama’s presidency. So when you consider even the slightest context your raw totals look stupid. Who could have guessed!? -
Cutting federal expenditures by 1/5 of its GDP% is a lot, and is, well, austerity
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"Austerity" is the cool socialist term to describe the meltdown in Greece when they couldn't afford the free shit anymore
Socialism - is there any thing it can't do? -
So the reason Obama's recovery sucked is because 4 years after the recession ended, spending was cut from $3.5 trillion to $3.45 trillion and this was after four years of trillion dollar a year budget deficits.HardlyClothed said:Cutting federal expenditures by 1/5 of its GDP% is a lot, and is, well, austerity
Yeah, you're fucking killing me on economics Kunt. -
The crisis in Greece was mostly the fault of the Germans and the ECB. The so-called PIGS that didn’t give into the Euro austerity regime actually came through the recession better than austeirty countries, especially Portugal.RaceBannon said:"Austerity" is the cool socialist term to describe the meltdown in Greece when they couldn't afford the free shit anymore
Socialism - is there any thing it can't do? -
Everything is the fault of the Germans but it is interesting that socialism fails so much due to factors out of its controlHardlyClothed said:
The crisis in Greece was mostly the fault of the Germans and the ECB. The so-called PIGS that didn’t give into the Euro austerity regime actually came through the recession better than austeirty countries, especially Portugal.RaceBannon said:"Austerity" is the cool socialist term to describe the meltdown in Greece when they couldn't afford the free shit anymore
Socialism - is there any thing it can't do?
I think our system of socialist capitalism is better and so do the countries we bail out and defend
Imagine if Greece had to have an army -
Actually it probably wouldn’t have mattered if it was 3.45 million or 3.75 million, it needed to be much higher based on the scale of the recession. I was pointing out how dishonest you are by not putting yearly changes in the Fed expenditures as a % of GDP in context and pretending you’ve made some astute point. Moron.SFGbob said:
So the reason Obama's recovery sucked is because 4 years after the recession ended, spending was cut from $3.5 trillion to $3.45 trillion and this was after four years of trillion dollar a year budget deficits.HardlyClothed said:Cutting federal expenditures by 1/5 of its GDP% is a lot, and is, well, austerity
Yeah, you're fucking killing me on economics Kunt. -
Yes, yes, the recession was so HUGE that four years after it was over and despite the fact that Obama still ran a $680 Billion budget deficit in 2013 and Federal spending per year had increased by over $700 - $800 Billion a year since 2007 it had to be the "austerity" of this budget that caused Obama's economy to suck.
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The Germans made them do it.RaceBannon said:
Everything is the fault of the Germans but it is interesting that socialism fails so much due to factors out of its controlHardlyClothed said:
The crisis in Greece was mostly the fault of the Germans and the ECB. The so-called PIGS that didn’t give into the Euro austerity regime actually came through the recession better than austeirty countries, especially Portugal.RaceBannon said:"Austerity" is the cool socialist term to describe the meltdown in Greece when they couldn't afford the free shit anymore
Socialism - is there any thing it can't do?
I think our system of socialist capitalism is better and so do the countries we bail out and defend
Imagine if Greece had to have an army
In 2009, fueled by a three-year jump in government spending to 54% of gross domestic product from 45%, the Greek government was running a primary deficit equal to 10% of its GDP, according to IMF estimates. In other words, new borrowing equaled all principal and interest due, plus an extra 10% of GDP. When major accounting fraud was reported, private lending to the Greek government stopped and bailouts from the “troika” of the European Central Bank, European Commission and the IMF—to the tune of €240 billion—were needed. -
Bob hates context.SFGbob said:
So the reason Obama's recovery sucked is because 4 years after the recession ended, spending was cut from $3.5 trillion to $3.45 trillion and this was after four years of trillion dollar a year budget deficits.HardlyClothed said:Cutting federal expenditures by 1/5 of its GDP% is a lot, and is, well, austerity
Yeah, you're fucking killing me on economics Kunt.
