Obama spending binge never happened | TigerDroppings.com
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DA
LSU Fan
Member since Sep 2007
16251 posts

Obama spending binge never happened

Does Hannity ever explain it like this? LINK

WASHINGTON (MarketWatch) — 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.

Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget.

If we attribute that $140 billion in stimulus to Obama and not to Bush, we find that spending under Obama grew by about $200 billion over four years, amounting to a 1.4% annualized increase.

After adjusting for inflation, spending under Obama is falling at a 1.4% annual pace — the first decline in real spending since the early 1970s, when Richard Nixon was retreating from the quagmire in Vietnam.

Image: http://ei.marketwatch.com/Multimedia/2012/05/21/Photos/ME/MW-AR657_federa_20120521151828_ME.jpg?uuid=c49a7602-a379-11e1-827e-002128049ad6
This post was edited on 5/23 at 2:23 am



kingbob
LSU Fan
St. Amant, LA
Member since Nov 2010
22264 posts

re: Obama spending binge never happened
Can I see this in numbers form? I would like to see the amount of money spent by the federal government in 2006-2012 divided by discretionary and what not. That way, I can see if it increased. Please back by link. I will neither refute nor support the OP's assertion until I see these numbers.


kingbob
LSU Fan
St. Amant, LA
Member since Nov 2010
22264 posts

re: Obama spending binge never happened
your own graph proves you wrong. It shows spending between 2.5-3 trillion in 2006 and increasing drastically once the dems took over congress and later the presidency and is now almost 3.5 trillion. There is simply no way in hell that government should increase spending by over 30% in 5 years. That's more than 10 times the rate of inflation.

What an idiot.


DA
LSU Fan
Member since Sep 2007
16251 posts

re: Obama spending binge never happened
It's not my chart. It's from the article.

Where's your article on Market Watch?



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Enadious
LSU Fan
formerly B5Lurker City of Central
Member since Aug 2004
14694 posts

re: Obama spending binge never happened
DA, stop with the smoke and mirrors and accept reality.

Listen to your leader, but judge him by what he does not what he says:

quote:

“today I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control.”

LINK

That was said in 2009


quote:

“I will be held accountable,” Obama said. “I’ve got four years and … A year form now, I think people are going to see that we’re starting to make some progress, but there’s still going to be some pain out there … If I don’t have this done in three years, then there’s going to be a one-term proposition.”
LINK

Let's make Obama's prediction come true on this one.


arlo
Alabama Fan
Member since Oct 2007
12376 posts

re: Obama spending binge never happened
quote:

If we attribute that $140 billion in stimulus to Obama and not to Bush, we find that spending under Obama grew by about $200 billion over four years, amounting to a 1.4% annualized increase.


The 2009 stimulus was over $800bil.


tigerdup07
LA-Lafayette Fan
Member since Dec 2007
18532 posts

re: Obama spending binge never happened
why in the hell would people NOT want him to spend their tax money? would you prefer that he saves all of your money for retirement or would you prefer that he puts it back into circulation?

i say: SPEND IT ALL!!!!!



Bobby Moore
LSU Fan
Red Hill, Mississippi
Member since Jun 2005
17751 posts

re: Obama spending binge never happened
quote:

Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.



This tells the story, why Bush was so bad at the end of his term. Some people aren't aware of all of this. Don't just skim over this, please read it slowly and let it sink in. If in doubt, check it out.

The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007... the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.

The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:

The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%

George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...

January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!

Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy.

And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress
So when someone tries to blame Bush.. REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democrat Party.

Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.

If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is "I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th."


Aubie Spr96
Auburn Fan
lolwut?
Member since Dec 2009
15968 posts

re: Obama spending binge never happened
quote:

Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget.


What budget?


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Revelator
Member since Nov 2008
17630 posts

re: Obama spending binge never happened
quote:

If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is "I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th."


This sums it up nicely!


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Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
38224 posts

re: Obama spending binge never happened
quote:

After adjusting for inflation, spending under Obama is falling at a 1.4% annual pace — the first decline in real spending since the early 1970s, when Richard Nixon was retreating from the quagmire in Vietnam.


Oh lawd. You spend gobs of money, print some more, and then use the resulting inflation to say you you've cut spending.


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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Obama spending binge never happened
quote:

Obama spending binge never happened






"There are three kinds of lies: lies, damned lies, and statistics."

Mark Twain




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udtiger
LSU Fan
Louisiana
Member since Nov 2006
28215 posts

re: Obama spending binge never happened


Holy shite what a steaming pile. What I just left in my office bathroom has more substance that that chart.

Ignores both Dem takover in January 2007 (you notice the BIG uptick that year from previous years?) and conveniently stops in 2013...anyone want to guess why?


CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Obama spending binge never happened
870 billion is the closest number that I remember.


gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
9538 posts

re: Obama spending binge never happened
Um, what year did Dems take over? 07? Look at that nice increase...


90proofprofessional
LSU Fan
Member since Mar 2004
10411 posts
Online

re: Obama spending binge never happened
quote:

DA

On the point Obama and the Dems certainly didn't invent our spending problems, I agree. This argument means little to me.

But making this point by using the TARP expenditures' fiscal year as your baseline? And why does it put most of the stimulus on Bush?


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RCDfan1950
LSU Fan
United States
Member since Feb 2007
12076 posts

re: Obama spending binge never happened
Well, the Nazis perfected this stuff, and Alinsky built upon it. If they tell lies long enough, and have the media support (spin) those lies, enough of the *Moderates* will believe and tip the scales to the LIARS.

"Obama spending binge never happened". DA...you ought to be ashamed, if you love this nation of many good folk, and don't want to see it hurt bad.

We'll be damn lucky to get rid of this low-life at the polls! God help us!





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Elcid96
LSU Fan
Member since May 2010
5443 posts

re: Obama spending binge never happened
Hate to break it to ya but it's not today's tax payers money he is spending! It is their children's future money and chinas!! But nice try!!


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CP3LSU25
LSU Fan
Lafayette
Member since Feb 2009
36581 posts
Online

re: Obama spending binge never happened
quote:

Holy shite what a steaming pile. What I just left in my office bathroom has more substance that that chart.



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EST
LSU Fan
Investigating
Member since Oct 2003
14866 posts

re: Obama spending binge never happened
SO spending 3.5 trillion + per year (more than even Bush - who overspent) is not a spending binge? Who cares if it "flattened out" - it is still more than any other president.

Don't forget the Dems who haven't passed a budget in recent memory.


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