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re: Debt up 70% under Barry

Posted on 12/2/14 at 8:53 am to
Posted by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 12/2/14 at 8:53 am to
quote:

Bush amassed 4 to 4.5 trillion in debt in 8 years


and mostly due to the war in Afghanistan
Posted by dante
Kingwood, TX
Member since Mar 2006
10669 posts
Posted on 12/2/14 at 8:55 am to
quote:

This resulted in the sequestor. The Democrats then attacked, with help from the media, and smeared the right because they wanted to "shut down the government". Remember Obama's make it hurt doctrine?
Remind me Bug....didn't the sequester actually slow the "growth" of spending...not actually cut spending?
Posted by rintintin
Life is Life
Member since Nov 2008
16160 posts
Posted on 12/2/14 at 9:03 am to
And most of the liberals on here will tell you this is a revenue problem, not a spending problem.
Posted by Tigerdogz
Member since Nov 2011
423 posts
Posted on 12/2/14 at 9:28 am to
Bush's fault
Obama is going to be pissed when he see's thin on the news.
Posted by BugAC
St. George
Member since Oct 2007
52765 posts
Posted on 12/2/14 at 9:29 am to
quote:

Remind me Bug....didn't the sequester actually slow the "growth" of spending...not actually cut spending?


You are correct.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98529 posts
Posted on 12/2/14 at 9:29 am to
Easy to do when $787 billion of extra "stimulus" spending is "baked into" every CR since the 2009 FY budget.
Posted by wickowick
Head of Island
Member since Dec 2006
45799 posts
Posted on 12/2/14 at 9:34 am to
Most of this increase came from the Stimulus, $787 billion. The next year a budget was not passed so the previous years budget carried over to the next year, with the $787 billion still there. Then there is a think called Baseline budgeting, it takes the previous budget and adds ~5%-6%, which is much more than inflation. The next year it happened again and again. The stimulus money was not 1 time money it was permanently added to the budget and compounding yearly.

Let that sink in...
Posted by wickowick
Head of Island
Member since Dec 2006
45799 posts
Posted on 12/2/14 at 9:36 am to
quote:

udtiger


I type out a long response and you beat me with your one sentence answer...
Posted by Taxing Authority
Houston
Member since Feb 2010
57095 posts
Posted on 12/2/14 at 10:08 am to
quote:

Debt up 70% under Barry


Good Things Ahead™
Posted by Taxing Authority
Houston
Member since Feb 2010
57095 posts
Posted on 12/2/14 at 10:11 am to
quote:

and mostly due to the war in Afghanistan
No. Through 2011 the entire GWOT was slightly over $1.23T

LINK to PDF
Posted by lsu13lsu
Member since Jan 2008
11475 posts
Posted on 12/2/14 at 10:13 am to
quote:

But....deficit.....derp



The deficit has been reduced!!!!

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