United States Austerity: Government now spending less nominally than Bush

[Ricboff]

% of debt to GDP is rising at a 'marvelous' rate. USA govt has MADE its call--you're following Japan's route. If you disapprove take action or fuck off. .....


Ben Bernanke(Feb2013):
“Fiscal policymakers will have to put the federal budget on a sustainable long-run path that first stabilizes the ratio of federal debt to GDP and … eventually places that ratio on a downward trajectory,” Bernanke said in his prepared testimony

Good luck with that..

 

[Willie99]

So basically Obama is spending all of the money Bush spent, plus 1.4%

And you call this Austerity?

Nice

without Iraq

 

[festeringZit]

This is why no one wants to converse with the far right loons on here. All they do is name call and post garbage just because they think git's true. And it's not the topic that isn't worth my time, it's you that isn't worth my time. Now you can respond with more name calling since it's what you do best.

Wow, you complain about the righties in here calling names while you suck FratFraud's cock? Do you know what the word hypocrisy means?

 

[festeringZit]

Troll Fratfraud caught posting fake graphs again, the guy has no shame.

 

[Acebb]

This is why no one wants to converse with the far right loons on here. All they do is name call and post garbage just because they think git's true. And it's not the topic that isn't worth my time, it's you that isn't worth my time. Now you can respond with more name calling since it's what you do best.

Note: I'm posting OMB charts and data from the CBO.

Not made up charts from martket watch and TPM

Thanks for participating.

 

[Acebb]

This is why no one wants to converse with the far right loons on here. All they do is name call and post garbage just because they think git's true. And it's not the topic that isn't worth my time, it's you that isn't worth my time. Now you can respond with more name calling since it's what you do best.

By the way, dum-dum, you couldn't explain, if there were a $1,000,000 grand prize, why, if what you're suggesting about "basic math" were true, the % of GDP spending under Obama is greater today, than it was in FY's '82 & '83 when the country was in a recession (negative GDP growth for multiple quarters in a row).

See, me saying you do not understand this topic it all is 100% factually correct.

You decided to weigh in an say I don't understand "basic math"

You shouldn't have done that.

Thanks,
Bye

 

[Acebb]

So basically Obama is spending all of the money Bush spent, plus 1.4%

And you call this Austerity?

Nice

The basic premise is correct, but note that the 1.4% figure is made up.

So not only did Obama add to Bush's highest budget figure [$140 billion in stimulus spending in 2009 as a part of Omnibus Appropriations Act, 2009 which was a $410 billion supplemental spending bill] in 2009, he increased that increase by 27% by FY '12

Saying the US is under some sort of "Austerity" is laughable and preposterous.

 

[festeringZit]

The basic premise is correct, but note that the 1.4% figure is made up.

So not only did Obama add to Bush's highest budget figure [$140 billion in stimulus spending in 2009 as a part of Omnibus Appropriations Act, 2009 which was a $410 billion supplemental spending bill] in 2009, he increased that increase by 27% by FY '12

Saying the US is under some sort of "Austerity" is laughable and preposterous.

It's not the first time by any means the troll has said something so stupid.

He said that Obama's handling of the recession was "the epitome of perfection"

He also said that Obama is one of the cleanest President's we've ever had "clean as a whistle"

There are tons more from this idiot troll. There's a reason why he was voted the dumbest poster in here.

 

[Acebb]

He also said that Obama is one of the cleanest President's we've ever had "clean as a whistle"

:missingte

How does one get to that level of delusion?

 

[Acebb]

By the way, I see the person who started this thread is pretending government spending creates jobs.

Well, the Obama Administration projected the U/E rate to be 5.2% by Q1 2013 with their idiotic stimulus package.

How did that work out?

 

[SheriffJoe]

Wow, you complain about the righties in here calling names while you suck FratFraud's cock? Do you know what the word hypocrisy means?

Mister "Independent" strikes again.

Loser!@#0

 

[Ricboff]

It's Not just Obama 's 'fault'. It's a failure of USA; people, govt. Thankfully , NO one has ur weaponry .


you reap what you sow .

 

[SheriffJoe]

It's Not just Obama 's 'fault'. It's a failure of USA; people, govt. Thankfully , NO one has ur weaponry .


you reap what you sow .

It's the morons who have been voting for this bullshit for the last 50+ years.

Obama is a symptom of a much larger disease.

"Obama's handling of the recession was the epitome of perfection"

"the government borrows unlimited amounts of money from the big bank in the sky"

"Obama is one of the cleanest presidents we've ever had"

"Reagan was a Keynesian"

"Obama is a fiscal conservative"

"Printing money creates wealth"

"The US is not Greece"

face)(*^%

 

[Ricboff]

To my point Joe, its a failure of country. I'm a staunch fiscal conservative . I'm Canadian , first generation born. Needless to say I have to bend more than id like here in the The Great White North, politically . But i love my country. I know damn well USA's importance to Canada (fiscally and militarily ) . Canada needs a healthy USA, that's reality . I don't give a shit if its blue or red in 'control' - they need a competent , courageous fck . I don't agree with their current path, fiscally .

 

[SheriffJoe]

To my point Joe, its a failure of country. I'm a staunch fiscal conservative . I'm Canadian , first generation born. Needless to say I have to bend more than id like here in the The Great White North, politically . But i love my country. I know damn well USA's importance to Canada (fiscally and militarily ) . Canada needs a healthy USA, that's reality . I don't give a shit if its blue or red in 'control' - they need a competent , courageous fck . I don't agree with their current path, fiscally .

Europe, Canada and the United States all suffer from the same fatal disease - STATISM

 

[SheriffJoe]

The individual who started this thread is seriously misguided and misinformed.

His econ prof keeps telling him economics is "basic math"...one of the most inane assertions this forum has ever seen.

That's like saying football or baseball or basketball is "basic math"

Yes, the output is measured by "basic math" (statistics)... but the game itself? Laughable.

Economics is a complex and extended study of human nature - how people behave and react to incentives and disincentives etc. After all, economic activity is nothing more than PRODUCTIVITY.

Printing stacks of paper and sending trillions of little zeroes through a computer won't produce a cent of wealth and throwing money at the problem will never cure the latest social ill.

- imagination and ingenuity produce wealth
- the entrepreneurial spirit produces wealth
- competent management produces wealth
- efficient utilization of human capital and resources produce wealth

...and so on.

Not one of fratfraud's religious beliefs produce wealth, NOT a dime.

Hayek, Friedman, Hazlitt...these Nobel prize economists and others, routinely exposed the tomfoolery of Keynes' "new economics" (creating wealth out of thin air).

Not surprisingly, the models simply do not work.

fratfraud needs to ask his tenured Keynesian econ prof for a refund, cleanse his mind of all the propaganda and get back to the basics:

 

[festeringZit]

What's hilarious, is the forum troll FratFraud calls Sowell "dumb."

[h=3]Biography[/h] Thomas Sowell has taught economics at Cornell, UCLA, Amherst and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published in both academic journals in such popular media as the Wall Street Journal, Forbes magazine and Fortune, and writes a syndicated column that appears in newspapers across the country.

 

[Willie99]

I'll sum it up this way

some think government spending creates economic growth

others think productivity in the private sector creates growth

spending or productivity? youse do the math

 

[Dave007inVegas]

Mister "Dependent" strikes again.

Loser!@#0

Fixed it. You're welcome.

 

[Dave007inVegas]

It's Not just Obama 's 'fault'. It's a failure of USA; people, govt. Thankfully , NO one has ur weaponry .


you reap what you sow .

Numero uno on the list.