Well, only the part where Obama has no choice like the unpaid for 2 wars, the unfunded Medicare Part D, and the 2 enormous tax giveaways that Obama couldn't do a thing about because the Republican Congress refused to give in on and all during the worst recession ever witnessed since the Great Depression. Obama has increased spending by less than any administration since like Eisenhower. You guys know this even if you won't allow yourselves to admit it. Either that or you erroneously believe that the executive office has more power than it really does. Laws passed by Bush and the Republican congress are still costing this country money. They don't go away just because Bush did. Add to this the worst economy any president has inherited since FDR and Yes, I can blame Bush rather easily. You won't because you're a blind partisan idiot. Why should we care what you think? Remember? View attachment 943
OK! So why did not your idiot and his control of both houses manage to change the "new costs"? Anything and everything from then on belongs to BO - absolutely!
It amazes me that people are so worried about who is to blame that the absolute fact that the debt has gone from 5.6 trillion to 16.2 trillion in just over a decade under the last 2 Presidents and varying Congresses doesn't register as the real issue. They have definitely done a good job duping the electorate. And where does it end? It already has...we just don't know it yet. But we will.
If Obama has his way, he want to have another stimulus and increase spending and thinks that is a serious proposal. I really hope the Republicans have the balls to stand their ground!
Are you really that clueless about civics? You are so partisan that you don't even know what you don't even know. You're a complete waste of anyone's time and energy.
I am so partisan? I am not blaming anyone's debt on his predecessor 4 years later. Did not and have never done so.
I've mentioned a few times that, personally, I want fiscal balance, especially in my personal finances. It doesn't bother me like you'd think though, for a few reasons. Ignoring the fact that money is basically a leap of faith for a moment, I look at the cause. IMO, low taxes and corporate loopholes (as well as loopholes for the rich) are the major reasons we need to borrow. That means that, although I prefer balance, it's been intentionally unbalanced. Another reason for my seeming lack of concern is the poor. Without borrowing, they are going to suffer the most, but they can be joined rather easily by multitudes of people as the economy falters, again IMO that too has been intentional. Another is the nature of the federal borrowing versus if I borrowed. When I borrow, they want their money NOW, and will take me to court over it. The feds are not under that constraint. I know how that may rile people when I say that but, simply put, the feds can borrow indefinitely, as needed, without actually having to appease the countries they borrow from. For me, the power struggle between the Democrats and that other party means that taxes (loopholes included) that are sane simply cannot be agreed on, necessitating the need for borrowing. I don't personally like it, but IMO it's necessary at this time. If large corporations paid their fare share we wouldn't be borrowing so much, and the economy would be far better off for it. The idiocy of Reagan and his trickle-down BS was clear to me the instant I saw it as a kid. I've just been waiting for the people to realize it too, but we're running out of time and I'm tired of waiting. The economy is far more fragile than it ever should be, as a result of the public not understanding basic economic principles. We've weathered a few hits already, another major hit or two and watch what happens.
As I have said before though...federal revenue has gone up over this time I am talking about (since 2000/2001). An increase of about 25% if I remember what I posted before. However, per year spending, has more than doubled in that same time frame. I agree about safety nets and emergencies, and all that. Which is another reason people should be clamoring for a more balanced budget. Our 'emergency fund' has been expended. If there was another major recession now, there is no real ceiling left to increase spending before the whole system would collapse. That little downgrade we had on our credit rating a while back would be nothing compared to how it would drop if we tried to spend our way out of another major recession. Nothing would be too big to fail because we wouldn't be able to do anything about any failures.
