Every President has spent more money than the previous President in the past century. It's basic math and economics.
And your bullshit asterisk was not a note of sarcasm... this was the note. You just misunderstood the graph. That's fine. But not surprised at all.
* - this is why you are so fucking fake with your bullshit graphs you have embarrassed yourself completely. Move to another forum.
Just unreal. The obstructionist do-nothing Republicans have the audacity to blame Obama for the economy yet they prevent any measures that have been used in the past by almost every President to increase economic growth. Look at the average increases in spending for Reagan and Bush. Almost over 5%. Obama though is forced to be the first President in the past 50 years to spend less in the span of a year. It's insane. The economy would be working just fine and growing if the government were allowed to do what its been doing for the past century.
Obama, because of the worthless do nothing Republicans is officially the biggest fiscal conservative we have seen in the past century. And this does not include the massive reduction in public sector employment, state and local spending, etc. It's embarrassing to know that I once thought highly of Republicans. But the new party is such a joke and a disaster to the country that I probably will never be able to vote Republican again. Their constituents are just too dumb and they are willing to destroy this country to defend their failed ideology. Sort of like a religion. Just sickening stuff.
Curious as to why you picked 1980 as the start point?
If you want a larger view... here you go. Gas Man is a real life idiot by the way, lol. You can't deny that after reading this thread.
I didn't mean anything negative by asking why that time frame. I was curious more than anything. As far as Gas' asterisk comment, I'm not sure whether he didn't realize the y axis was a measure of percentage change or if he was implying using percentage change rather than spending in billions is an attempt to con people. His Reagan comment I don't understand.
He simply misinterpreted the graph and saw the line going down and figured that was a "reduction in spending". It's very difficult to compare Presidents with nominal values. I mean every President at their time, people said that spending was too high. I picture it more on an infinite line and the current President is on a point just like the previous Presidents at their time. It's funny how Reagan tripled the debt, increased spending dramatically and at that time there was no "limit". Congress was about to shut down when the debt reached $1 trillion because it was an "unfathomable" number. In 1937 they went crazy over $42 billion in debt and cut spending by 20%. Lasted barely a year until the economy started going back in to a depression.
I just can't stand when people act like a previous President had some "buffer" to spend and the current President has reached that buffer. Absolutely no mathematics involved. I call it a fear of large numbers.
Well, there's a problem with this theory. Viewing the US Treasury market as a normal market will lead you to many fallacies like we will run out of buyers, or China owns us, etc, etc. There is not a normal market for US Treasuries. It is controlled by the Fed and Primary Dealers. Primary Dealers are mandated to create the market at "reasonable" market prices. So as we saw in the last crisis. They have complete control over the govt treasury market. If they want to increase yields they can, if they want to decrease them they can. Has absolutely nothing to do with a willing market.
And if you understand banks, there will never be a time where they aren't willing to invest in US Treasuries. Primary Dealers are our de facto "govt funding agents".
Nah bro, you misinterpreted it. I'll let it slide though. I know I'm not dealing with the brightest people. There is literally nothing you can say or spin to change the fact Obama has had to reduce increases of spending to levels that no other President has had to in the last 60 years. Your argument is very stupid by the way. Just throwing that out there.
