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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 11:12 am to ShortyRob
Posted on 2/13/19 at 11:12 am to ShortyRob
quote:
LOL. What?
New ON TOP of current is most certainly NOT splitting hairs.
Dude, Rs are spending "on top" of prior spending too. They're just spending it differently. Did you see this and last year's budget?
This concept that Rs spend less than Ds has no empirical data behind it. The only thing that reduces spending is gridlock.
This post was edited on 2/13/19 at 11:13 am
3
Posted on 2/13/19 at 11:14 am to cahoots
quote:I'm sorry. Not differentiating between automatic escalators and totally new spending ideas that are MASSIVE is just silly.
Dude, Rs are spending "on top" of prior spending too
The Dem position on student loans alone would fricking swallow it all.
quote:Yeah.
Did you see this and last year's budget?
Tell me. Other than military spending, name 1 friggin dollar the Dems weren't going to spend too.
So. Back to original point.
Posted on 2/13/19 at 11:16 am to cahoots
quote:
Rs are spending "on top" of prior spending too
y/y growth rates on that quarterly govt expenditure figure:
we see a crisis/recession spike, followed by a pretty steep slowdown to well below what is a typical rate of growth over the last few decades and even a slight decline in some quarters (thanks boehner and ryan!)
nice ramp-up in the last year or two, too. this is all in nominal terms
This post was edited on 2/13/19 at 11:18 am
Posted on 2/13/19 at 11:19 am to cahoots
quote:
This concept that Rs spend less than Ds has no empirical data behind it. The only thing that reduces spending is gridlock.
This is false. Even if nothing is done with the budget, then the automatic budget increased add between 5-6% to the previous year's budget. Rinse and repeat, year after year.
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