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Looks like the liar is you. Care to explain the chart Frankie posted?
And Frankies chart is being generous because it includes TARP, which is a deficit to Bush, and when the money get/got repaid, it because a credit to Obama.. Thats a $700 Billion swing which when you add in the $700B credit to Obama, makes his deficits nearly $2T in ONE year.. more than the whole 8 years of Bush term combined.
BTW any graph which is not adjusted for inflation is worthless. EVERY professional economist will adjust graphs to use constant dollars because other wise you can't accurately compare year to year stats. It will always look like the most recent years are huge compared to previous years.
Again, it is a dead tip off of who the dishonest hucksters are when they knowingly post non-inflation adjusted graphs.
Nah, not quite, unless you are telling me that inflation jumped 1000% between the Bush term, and the Obama one.. I'm not buying it..
Considering we are talking ACTUAL dollars, not adjusted for inflation dollars, an adjusted chart would be worthless..
Haha.. You might want to look at Frankies chart and then post again..
Ahh, yes. The noninflation adjusted chart which doesn't included the hundreds of billions of off budget expenditures.
Remember what I said about liars? Bush's final deficit once you include all the off budget items was $1.2 trillion and anyone who claims other wise is full of it.
Ahh, yes. The noninflation adjusted chart which doesn't included the hundreds of billions of off budget expenditures.
Remember what I said about liars? Bush's final deficit once you include all the off budget items was $1.2 trillion and anyone who claims other wise is full of it.
If you keep telling people stuff about "liars" then why do you keep lying about the fact that it doesnt include off budget expenditures? IT DOES...
And your "noninflation" claims I'm not sure if I should laugh at you, or if I should cry for you because you dont understand that the chart wouldnt have changed much from 2008-2009.. Seriously, are you trying to tell me we had a 1000% inflation taking place? Silly boy. The chart is created by the OBM, which is governed by The WhiteHouse, (Obama) to be exact.. Do you really think Obama is that incompetent that he doesnt know how to create a chart?
Seriously, can you not discuss the topic, or can the only thing you contribute is to call people "liars" that prove you wrong?
I do believe the op is stating the fact that the Republican party was just fine with the deficit rising at an alarming rate under the previous administration but, as soon as the Dems took control they began screaming about it rising.
So how about it? Do Republicans have an answer for that?
How come it didn't matter & now it does?
It matters but depending on, to what degree and what is happening in the country at the same time.
For example:
Bush came into office into the dot com recession that Clinton left. Not blaming Clinton just stating facts. Then 9/11 happened and changed priorities.
First we had to reassess our security (or lack of), then the Airline took a big hit. You might not remember these dark days of seeing the videos of the airplanes hitting the buildings, people didn't feel like spending, going out, and no one wanted to be flying.
Bush had to put the money to help the Airline out and to try and revive the economy. The tax cut came and people started keeping more of their money, rich people kept more because they paid more, and the economy was booming. More business open more revenue to the government.
At the end of the Bush term after two wars, house bubble crash, and people not being able to get loans, Bush had the TARP plan, which was against what he believes in, but he thought necessary at the time. (again not saying if it was right or wrong just giving the facts).
Still he ended up with a deficit that is 1/4 of what we now have under Obama at the end of 2 years.
The deficit under Bush at the end of his term was about 5% of GDP while during Obama it is now 11% of GDP.
Deficit matters but not as much when you are making money, and everyone is working, it matters much more when you are not making money and everyone is sitting at home.
Look at the chart and see when the spending really started at 2000.
Deficit started at the end of 2001 (after 9/11),
at 2004 the deficit was actually going down even with two wars.
At 2007 deficit started going up again- what's new the Dems in control.
2009 & 10 it is off the chart high.
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Careful conc1, nothing confuses a liberal more than facts!
Of course, they will just say that your charts are false or made up.
The thing that gets me from the OP is that he stated there were record surpluses under Clinton which is just patently false and has been proven over and over again, ad naseum. It still falls to that left wing media mantra of repeating a lie over and over again until people start believing it.
Bush began a war that had the approval of the Congress. He waited until every United Nations resolution had been iether exhausted or ignored. From that moment on, the Democrats looked for every reason to impeach him, threatened to defund the war unless he saw things their way, and when he went along (to get along and save the war effort) they piled on debt after debt, knowing that it would be charged up to the Bush administration.
And, sure enough, the ever predictable liberals are doing just that.
Several charts posted here (as many others out on the net) all have that pesky 2007 date on them. Spending seems to have skyrocketed at that time. You know, right after the 2006 elections, when the democrats took over Congress.....why is that?
Quote:
Originally Posted by Kracer
The car may have been driven into the ditch but its recoverable. Obama wants the keys to drive the car and its passengers over a cliff.
As noted before, Bush spending BAD, Obama spending GOOD.
And that car? It has a brake pedal, yet neither side pressed it.
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