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re: National debt tops $22 trillion for the first time as experts warn of ripple effects

Posted on 2/13/19 at 10:39 am to
Posted by DawgRff
Snellville Ga
Member since Jul 2012
6309 posts
Posted on 2/13/19 at 10:39 am to
quote:

I chuckle to think that you actually care about government spending.

Once upon a Obama this entire board did.
Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 10:41 am to
quote:

Spending was actually lower in 2012-2014 compared to, say, 2011.


This post was edited on 2/13/19 at 10:45 am
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 2/13/19 at 10:43 am to
quote:

Spending however increased well over $800B and has never been lowered from those supposed “emergency” levels.



First of all, spending had been increasing long before 2008. Check between 2005 and 2006. Huge % increase. Second, spending did decline after the emergency levels. 2010, 2012, and 2013 were all lower than prior years. Adjusted for inflation, the 2013 spending, for example, is much lower than 2009. It's lower in the absolute as well.
This post was edited on 2/13/19 at 10:45 am
Posted by hawkeye007
Member since Feb 2010
5906 posts
Posted on 2/13/19 at 10:46 am to
There is no such thing as a conservative. Trump is destroying the GOP playbook of a conservative govt. Bush did the same thing. At least now we don't have to hear them say how more fiscally conservative they are than the Dems. Conservatives only exist on message boards and in their own minds.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69423 posts
Posted on 2/13/19 at 10:47 am to
That is extremely misleading though

Of course during recessions spending increased

Stimulus + more people on assistance
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 2/13/19 at 10:48 am to
Your chart is wrong. It's using estimated vs actual

It says 3.2 trillion for 2009. It was actually 3.5, etc.
This post was edited on 2/13/19 at 10:51 am
Posted by Ebbandflow
Member since Aug 2010
13457 posts
Posted on 2/13/19 at 10:51 am to
quote:

I chuckle to think that you actually care about government spending.

It's ok, we know...ORANGE MAN BAD


At this point I chuckle to think that you or any "conservatives" do. Have some self-awareness, buddy. Let's build a wall! Let's start a 20-year War! Let's cut taxes for the wealthiest individuals! Let's give the military more money!
Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 10:51 am to
quote:

Check between 2005 and 2006. Huge % increase.
2005 spending was $2.56T.
2006 spending was $2.73T.
A whopping 6.6% increase.

quote:

Second, spending did decline after the emergency levels. 2010, 2012, and 2013 were all lower than prior years.

Nope. Not at any significant level.
2010: $3.738T
2011: $3.828T
2012: $3.780T
2013: $3.761T

quote:

Adjusted for inflation, the 2013 spending, for example, is much lower than 2009. It's lower in the absolute as well.
I’m not going to even bother with the cherry picking of using a bottom of a recession against a (albeit tepid) recovered number.

As for absolute dollars...

2009 $3.517T
2013 $3.454T

So you’re talking about a $60B reduction.
This post was edited on 2/13/19 at 10:57 am
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 2/13/19 at 10:52 am to
quote:

That is extremely misleading though

Of course during recessions spending increased

Stimulus + more people on assistance


It is ridiculous to hold presidents accountable to the same fiscal standards when one presides over a recession and another an expansion.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 2/13/19 at 10:53 am to
quote:

Nope. Not at any significant level.
2010: $3.738T
2011: $3.828T
2012: $3.780T
2013: $3.761T


Where are you getting these numbers?

I'm look at multiple sources saying 2010 spending is 3.45 not 3.73
This post was edited on 2/13/19 at 10:59 am
Posted by Ebbandflow
Member since Aug 2010
13457 posts
Posted on 2/13/19 at 10:56 am to
quote:

2005 spending was $2.56T.
2006 spending was $2.73T.
A whopping 6.6% increase.

quote:
Second, spending did decline after the emergency levels. 2010, 2012, and 2013 were all lower than prior years.

Nope. Not at any significant level.
2010: $3.738T
2011: $3.828T
2012: $3.780T
2013: $3.761T


Gee I wonder if there was something going on through all of that that made those numbers seem really high. Ahhh a fricking retarded war that made halliburton and kbr even richer. Now I remember.
Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 10:58 am to
quote:

Where are you getting these numbers?
St Louis FRED. 1Q current spending annuitized seasonally adjusted.
Posted by Maytheporkbewithyou
Member since Aug 2016
12664 posts
Posted on 2/13/19 at 11:00 am to
quote:

National debt tops $22 trillion for the first time as experts warn of ripple effects


So, according to the left, we need open borders and a Green New Deal instead of spending cuts and lowering the debt.

Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 11:01 am to
quote:

Ahhh a fricking retarded war that made halliburton and kbr even richer. Now I remember.
literally every one of those years were under Obama.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 2/13/19 at 11:01 am to
quote:

St Louis FRED. 1Q current spending annuitized seasonally adjusted.



That is budgeted, not actual
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 2/13/19 at 11:01 am to
Leftists talking money are the dumbest ones of all, aren’t they?
Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 11:03 am to
quote:

I'm look at multiple sources saying 2010 spending is 3.45 not 3.73
Not the annuitized rates. But it makes no difference. You can use whitehouse.gov tables if you like.

2010 $3.457
2011 $3.603
2012 $3.537
2013 $3.454

You’re still wrong.
This post was edited on 2/13/19 at 11:04 am
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/13/19 at 11:04 am to
quote:

bullshite. Most Republicans aren't fiscally responsible anymore.

Um. I said

quote:

But, at least there actually are people within the party who really want to deal with spending.


Then you said

quote:

Not really. Pretty small number.

Um. "Pretty small number" literally acknowledges that "there actually are people within the party who really want to deal with spending". Sheesh. Read much? Hell, I even point out in my post that they don't have the votes.

quote:

It is a small number which doesn't in any way contradict what I said.

Either "not really" is true, or "pretty small number" is true. BOTH can't be true. The very definition of a contradiction.

quote:


Yes, the Green Deal BS is tremendously more than any Republican could ever dream of spending
Which was my point but of course, long before the GND showed up, the Dems have had LOTS of ideas for how to spend money that DO have majority support in their caucus.

Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 2/13/19 at 11:04 am to
quote:

That is budgeted, not actual
Its actual.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/13/19 at 11:06 am to
quote:


Man you are really splitting hairs. Whether its "new" or not is mostly inconsequential.
LOL. What?

New ON TOP of current is most certainly NOT splitting hairs.

quote:

Republicans are pumping funds into already bloated departments.
Most of those departments have automatic funding increases built in that it takes a vote to stop and any time someone tries, it's called a "cut". So pahfrickinglease.

quote:

Not sure how that makes it better.

Well. If BOTH sides basically haven't the guts to stop current spending and ONE side not only hasn't the guts to do that, BUT WANTS TO PILE ON, that's a pretty big fricking difference!
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