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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 2:29 pm to cahoots
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.
2
Posted on 2/13/19 at 2:31 pm to wickowick
quote:
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
link this bullshite
Posted on 2/13/19 at 2:35 pm to wickowick
quote:
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.
Can you show us some numbers? Spending actually decreased somewhat after 2009 (not seasonally adjusted). I don't see how there is a 5-6% increase every year
This post was edited on 2/13/19 at 2:36 pm
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