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  1. #1
    Atomic Punk Little Dreamer's Avatar
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    12.11.17 @ 12:52 PM
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    Default Obama Smallest Gvt Spender Since Eisenhower

    Little Dreamer

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    Forum Frontman It's Mike's Avatar
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    Default

    Headline doesn't match the data.

    Increasing an incredibly inflated budget by a small amount does not make one a low spender.

  3. #3
    Baluchitherium Scott's Avatar
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    The metric of starting his spend clock is also a bit off at 2010.... I get why, he inherited George's budget, TARP, Presidential sized economic fuck ups and assorted other policy dry heaves of that 'president'; however, he also approved a $1.2 TRILLION spend to put the paddles on the chest of the American economy in 2008...

  4. #4
    Atomic Punk edwardv's Avatar
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    Smallest since Ike wow size matters.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

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    Love this from the Forbes article linked in this thread: "No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. That’s fine if that’s what works for you.

    However, you don’t get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to date—at least when it comes to spending—you’re going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar."


    And this from the article the Forbes article uses as its source: "By no means did Obama try to reverse that spending. Indeed, his budget proposals called for even more spending in subsequent years. But the Congress (mostly Republicans but many Democrats, too) stopped him. If Obama had been a king who could impose his will, perhaps what the Republicans are saying about an Obama spending binge would be accurate."

  6. #6
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  7. #7
    Atomic Punk Dave's Dreidel's Avatar
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    12.11.17 @ 05:07 PM
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    I refuse to give him credit for NOT cutting the huge largesse he inherited.

    Just because someone hands you a shit sandwich, doesn't mean you have to eat it.

    The United States of America is in dire need of a LONG TERM financial plan that shows it's citizens and the rest of the world that the spending binge is over, that we are righting the ship and that we will get closer to a balanced budget and have a debt in line with our GDP in say, twenty years.

    But long term plans are too boring, they don't create a photo op, and you actually have to have discipline in order for them to work, so therefore it will never be done, by any President in office in the near future.

    GW did a horrible job with his economic policies, and BO is no better. I make a living out of twisting numbers to tell the story you want to, and that is exactly what is happening in that article. Don't believe it.
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  8. #8
    Atomic Punk edwardv's Avatar
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    I just read an article on Drudge that's says the US Treasury ran a 98 billion dollar deficit in July, but the over all debt remained at 16,699,396,000,000 trillion everyday the Treasury released its daily statement. So they are now covering up numbers in public so to not exceed Congressional spending limits. It's also continuing into August. Denial is not a river in Egypt. This is insane and unconstitutional. You just have to ask yourself when all this will end in collapse? And what that will mean for all of us and for that matter people in other countries too.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  9. #9
    Good Enough pickslide's Avatar
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    12.11.17 @ 01:46 PM
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    Quote Originally Posted by It's Mike View Post
    Headline doesn't match the data.

    Increasing an incredibly inflated budget by a small amount does not make one a low spender.
    Amen. Even the "savage cuts" of the sequester are spending increases. And government spending has been on the rise for decades, except for a brief period in the 90s.

    Crediting Obama also discounts that he submitted budgets and budget ideas that constituted MASSIVE increases. He just didn't get them.

    He is no spendthrift, not by any stretch.

    TK

  10. #10
    Good Enough pickslide's Avatar
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    12.11.17 @ 01:46 PM
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    Also, this only takes into account the budgets that are being submitted and passed.

    If you factor in all the debt and all the unfunded mandates our government is racking up, and if you assume our continued imperial presence throughout the globe, our true financial obligation could still not be met even if we taxed the entire world at 100%.

    That's no spending cut.

    http://learnliberty.com/content/how-big-us-debt

    :

    TK

  11. #11
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    That's not accurate either. He makes a lot of incorrect assumptions to try and make his point as well, just on the other side of the meter.

    It's not as good as Forbes as saying, or as bad as that economics professor is saying. You can't treat every financial obligation that the United States has as if it was a pension obligation and you have to have it fully funded in the current year.

    People also forget certain things when talking about finances of the US government. Everyone assumes (correctly) that there are certain expense items that are "off the books".

    I will let everyone in on a little secret, there are quite a few revenue streams that are off the books as well that pay for many of those off the books expenses.
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  12. #12
    Good Enough pickslide's Avatar
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    12.11.17 @ 01:46 PM
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    Quote Originally Posted by Dave's Dreidel View Post
    That's not accurate either. He makes a lot of incorrect assumptions to try and make his point as well, just on the other side of the meter.

    It's not as good as Forbes as saying, or as bad as that economics professor is saying. You can't treat every financial obligation that the United States has as if it was a pension obligation and you have to have it fully funded in the current year.

    People also forget certain things when talking about finances of the US government. Everyone assumes (correctly) that there are certain expense items that are "off the books".

    I will let everyone in on a little secret, there are quite a few revenue streams that are off the books as well that pay for many of those off the books expenses.
    If it's innaccurate, it's because it's too conservative. His information is from the OMB, and he never claims we have to pay it THIS year. But it is a true measurement of obligation, when all we want to talk about is debt.

    This highlights the point that we need a fundamental change in the way we fund government, and not the little tweaks of policy that we are getting now. There is simply no way to pay for the things we have promised to pay for. We don't even collect enough revenue to pay our mandatory spending requirements, much less all this other stuff we keep "buying."

    TK

  13. #13
    Atomic Punk Dave's Dreidel's Avatar
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    Sorry dude, anyone who is saying that if you tax the world at 100% that it still wouldn't be able to fund the United States obligations is twisting numbers to make a point.
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

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  14. #14
    Good Enough pickslide's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    Sorry dude, anyone who is saying that if you tax the world at 100% that it still wouldn't be able to fund the United States obligations is twisting numbers to make a point.
    Of course. But the point actually IS that the entire world economy is smaller than our ongoing financial obligation. Obviously, world GDP is going to increase. But if your financial obligations literally aren't covered by all the current monetary value on planet earth, you've got a serious structural financial problem.

    For instance, if I promise to give you a sum of money that is 15 times my net worth, it really doesn't matter that much that I actually WILL make the money or acquire the wealth over time. The cold fact is I have made a reckless promise based on the promise of money that doesn't exist yet, or that I will have to confiscate from other people, some of whom haven't been conceived yet. Add to that recipe that I'm a lying sack of shit who will say anything to gain power, and there you have it.

    TK

  15. #15
    Hang 'Em High
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    So you mean that Obama's dick is smaller than Eisenhower's ? ?

 

 

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