Look, I get that Obama should get some responsibility for the 2009 deficit based on ARRA, but let's think hypothetically here. Let's say the Rs controlled Congress. Do you really think we pass a minuscule stimulus package? Probably more tax cuts and somewhat less spending, but I just can't see a situation where we don't have a huge deficit in 2009.

I just think it's disingenuous not to factor in the economic and political realities of the time. Comparing 2009 to 2018 or something. It's just apples to oranges even if you disagree with how things were done by Democrats

As i said earlier, spending increased by over 5% (6%?) just between 2005 and 2006. Republican majorities and president. Well before the economy tanked.

This post was edited on 2/13/19 at 2:24 pm

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Posted by wickowick

Head of Island

Member since Dec 2006

45841 posts

Posted on 2/13/19 at 2:29 pm to cahoots

quote:
Look, I get that Obama should get some responsibility for the 2009 deficit based on ARRA, but let's think hypothetically here. Let's say the Rs controlled Congress. Do you really think we pass a minuscule stimulus package? Probably more tax cuts and somewhat less spending, but I just can't see a situation where we don't have a huge deficit in 2009.

Do you understand that the following year (2010) the dems did not pass a budget, they took the previous years budget and added the automatic 5-6% increase and then deemed it passed. EVERY YEAR from 2009 till now, that money is being included every year and that money is compounding at 5-6 annually.

This is the reason why we don't see a budget peak in 2009 and then a drop in 2010. It just continues to grow. They kept it in the budget till it couldn't be removed.

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Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 2/13/19 at 2:34 pm to cahoots

quote:
As i said earlier, spending increased by over 5% (6%?) just between 2005 and 2006. Republican majorities and president. Well before the economy tanked.

for 2018 q1 was up 4%, q2 was up 6%, and q3 was up 6%. likely we'll see 5%+ for the year there

tcja on top of it

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Posted by Taxing Authority

Houston

Member since Feb 2010

57455 posts

Posted on 2/13/19 at 4:10 pm to cahoots

quote:
Look, I get that Obama should get some responsibility for the 2009 deficit based on ARRA

By itself it was 22% of the budget, and over half of the deficit.

quote:
let's think hypothetically here. Let's say the Rs controlled Congress. Do you really think we pass a minuscule stimulus package?

So yes... let’s blame republicans for what they hypothetical might have done instead of Obama for what he actually did. Makes perfect sense.

quote:
Probably more tax cuts and somewhat less spending,

You do realize the ARRA included huge payroll tax cuts right?

quote:
I just can't see a situation where we don't have a huge deficit in 2009.

Of course not. You’ve made up a hypothetical in your head. That’s kinda like evidence, eh?

quote:
I just think it's disingenuous not to factor in the economic and political realities of the time. Comparing 2009 to 2018 or something.

Oddly no one does this for Reagan, who arguably had a worse economic situation that had been lagging far longer. Nor do you do it for Bush43 who had a recession in 2001-2003. You’re exposed as f*ck.

quote:
As i said earlier, spending increased by over 5% (6%?) just between 2005 and 2006. Republican majorities and president. Well before the economy tanked.

So increase of 5% with declining deficits, and a growing economy. And you’re accusing others of not viewing thing in economic contests?

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