Obama’s and Bush’s effects on the deficit in one graph

[Riot]

Good article by Ezra Klein of Washington Post (the cutest WaPo reporter since Robert Redford played Bob Woodward in ATPM)




Ezra's comments:
What’s also important, but not evident, on this chart is that Obama’s major expenses were temporary — the stimulus is over now — while Bush’s were, effectively, recurring. The Bush tax cuts didn’t just lower revenue for 10 years. It’s clear now that they lowered it indefinitely, which means this chart is understating their true cost.

Similarly, the Medicare drug benefit is costing money on perpetuity, not just for two or three years. And Boehner, Ryan and others voted for these laws and, in some cases, helped to craft and pass them.

To relate this specifically to the debt-ceiling debate, we’re not raising the debt ceiling because of the new policies passed in the past two years. We’re raising the debt ceiling because of the accumulated effect of policies passed in recent decades, many of them under Republicans.

It’s convenient for whichever side isn’t in power, or wasn’t recently in power, to blame the debt ceiling on the other party. But it isn’t true.

http://www.washingtonpost.com/blogs/...OrYI_blog.html

[Seattleallstar]

but nooo Bush tax cuts would mean the rich would invest more and give the poor people jobs........................

[dellinger63]

LMAO the wars we're fighting in Lybia (ok that's invisible) Iraq and Afghanistan are completely missing from Obama's side. Unless all these wars are costing a total of zero or Obama is being babysat by Bush. Where's Fannie, Freddie Cash for Clunkers, Hi-Speed rail and how much money has been taken in for Obamacare v. distributed. Your chart is fantasy Once Again!

Yea just horrible lowering a 37% tax rate to 34% while almost half of households pay zero %. That was totally unfair!

[Riot]

Originally Posted by Seattleallstar

but nooo Bush tax cuts would mean the rich would invest more and give the poor people jobs........................

So let's see how that worked for us? Bush gave big tax cuts to privates and business in 2001 and 2003. What happened to jobs? What did the "job creators" do with all that massive tax cut cash that made them "confident"?

[Riot]

Originally Posted by dellinger63

LMAO the wars we're fighting in Lybia (ok that's invisible) Iraq and Afghanistan are completely missing from Obama's side. Unless all these wars are costing a total of zero or Obama is being babysat by Bush. Where's Fannie, Freddie Cash for Clunkers, Hi-Speed rail and how much money has been taken in for Obamacare v. distributed. Your chart is fantasy Once Again!

Yea just horrible lowering a 37% tax rate to 34% while almost half of households pay zero %. That was totally unfair!

If you could read, you'd be dangerous.

[Danzig]

god knows i'll sleep better at night knowing which dipsh!t politician made the most mess. yep, that helps this country so much, assigning blame to whichever lying loser did what and when. we're broke and going broker, but it's not the current guy..nope, he hangs the ****ing moon.

Yeah he's awesome now. I'm convinced.

A douche and a turd...your choice.

[clyde]

Originally Posted by Riot

If you could read, you'd be dangerous.

and if you could be made gone by a simple eye blink, the wide awake REM at NT would cause a million ships to sink

[DaTruth]

Originally Posted by Danzig

god knows i'll sleep better at night knowing which dipsh!t politician made the most mess. yep, that helps this country so much, assigning blame to whichever lying loser did what and when. we're broke and going broker, but it's not the current guy..nope, he hangs the ****ing moon.

It is just a preview of the 2012 campaign strategy. Turn the clock back to 2008.

[Riot]

The 2012 campaign strategy for Obama better be defending himself as remotely Democratic, and for the GOP candidate to not be simply crazy. Mitt and Jon could carry that off.

[dellinger63]

Originally Posted by Riot

The 2012 campaign strategy for Obama better be defending himself as remotely Democratic, and for the GOP candidate to not be simply crazy. Mitt and Jon could carry that off.

Obama is so weak right now all the republicans should do is stand behind him and give the everytime he speaks. That and put up an old 'cash for clunkers' poster and the huge plans he had for cap and trade. Not to mention the new taxes related to Obamacare (that was supposed to be a money saver. ) Lamer than a lame duck. Let's see how fast he can burn through $2 trillion?

And with this wake up call, let's stop allowing the SS fund to be the cash station for the gov. and cease the IOU's from the treasury. They (SS) have plenty of them already, in fact that's all they have!

[Riot]

Originally Posted by dellinger63

Lamer than a lame duck. Let's see how fast he can burn through $2 trillion?

It's a shame you still don't understand how the debt ceiling works, and what it is. That 2 trillion was spent a long time ago by our Congress. The bill is here. We have to pay it. We are not borrowing for future spending.

BTW, the "Ryan budget", once voted in, will have to have a debt ceiling raise nearly every year.

[dellinger63]

Originally Posted by Riot

It's a shame you still don't understand how the debt ceiling works, and what it is. That 2 trillion was spent a long time ago by our Congress. The bill is here. We have to pay it. We are not borrowing for future spending.

BTW, the "Ryan budget", once voted in, will have to have a debt ceiling raise nearly every year.

We need a debt-ceiling raise every month. That's the only way we'll control the crackwhore like spending and show we're on top of the debt.

Since we spent this $2 trillion long ago I trust there won't be any other crazy spending plans. Like paying people for their houses so the Fed can burn them making those people want to buy new domiciles

Guess IMO it comes down to military spending preserving independence while entitlement spending creating dependence. I'd rather be independent while some prefer a hangy, dried up tiat to suck on. Social Security and Medicare are not entitlements until they are not contributed to by their recipients. Currently they are victims. Being drained by the likes of cash for clunkers, Pakistan aid and forgiving Egypt's tab. Belly up Grandma and Grandpa!

[Riot]

Originally Posted by dellinger63

We need a debt-ceiling raise every month. That's the only way we'll control the crackwhore like spending and show we're on top of the debt.

Seeing as the debt ceiling has nothing to do with future spending, or the deficit, don't you think it would simply be better to plan the future spending in a more responsible way?

Since we spent this $2 trillion long ago I trust there won't be any other crazy spending plans.

Just the current Ryan budget awaiting passage.

Guess IMO it comes down to military spending preserving independence while entitlement spending creating dependence. I'd rather be independent while some prefer a hangy, dried up tiat to suck on.

You mean, independent like ... oh, Haliburton? Lockheed? TASC?

Ah, found this quote today:

"We have superceded Congress to facilitate 750 billion dollars in domestic cuts including Medicare in order to end an artificially-induced political hostage crisis over debt, originating from the bills run up by a Republican president who funneled billions of taxpayer dollars to the military-industrial complex by unfunded, unnecessary, and unproductive wars, enabled in doing so by the very same Republican leaders who now cry for balanced budgets - and we have called it compromise. "

The debt deal just done has guaranteed our continuing crappy recession and continuing unemployment for the next couple of years. Enjoy the fruits of a proven-disastrous financial ideology.

[Danzig]

Originally Posted by Riot

Seeing as the debt ceiling has nothing to do with future spending, or the deficit, don't you think it would simply be better to plan the future spending in a more responsible way?
Just the current Ryan budget awaiting passage.



You mean, independent like ... oh, Haliburton? Lockheed? TASC?

The debt deal just done has guaranteed our continuing crappy recession and continuing unemployment for the next couple of years. Enjoy the fruits of a proven-disastrous financial ideology.

lol

don't hold your breath. it's funny, the last couple of years our govt has been telling us that in times of trouble, they're supposed to boost spending. of course, we're supposed to pretend they followed the other half of that axiom, that in times of boom, the govt. cuts back.

oops.

[Riot]

Originally Posted by Danzig

lol

don't hold your breath. it's funny, the last couple of years our govt has been telling us that in times of trouble, they're supposed to boost spending. of course, we're supposed to pretend they followed the other half of that axiom, that in times of boom, the govt. cuts back.

oops.

Clinton did. It worked. If only Bush had held that course.

And the House walked the eff out of there today on vacation for a month, leaving 4,000 FAA employees "furloughed" with no pay and no resolution, because our House couldn't get it's freaking act together in the past two weeks.

The House had it's work week changed this Congress by Speaker Boehner, to a 4-day work week, with two weeks on, one week off.

I've had it with most of them.

[Clip-Clop]

Originally Posted by Riot

Clinton did. It worked. If only Bush had held that course.

And the House walked the eff out of there today on vacation for a month, leaving 4,000 FAA employees "furloughed" with no pay and no resolution, because our House couldn't get it's freaking act together in the past two weeks.

The House had it's work week changed this Congress by Speaker Boehner, to a 4-day work week, with two weeks on, one week off.

I've had it with most of them.

Clinton was the weather man in San Diego, anybody could look good under those circumstances. Does not make him a better meteorologist than the guy in Minnesota, just has an easier time at work is all.

[Riot]

Originally Posted by Clip-Clop

Clinton was the weather man in San Diego, anybody could look good under those circumstances. Does not make him a better meteorologist than the guy in Minnesota, just has an easier time at work is all.

True. But he made it better, stronger and didn't abuse it. He also beat Newt into submission.

Yesterday the House went home leaving 4,000 FAA employees, and 90,000 civilian contractors unemployed. I hope the Senate did something today day before they left, but I don't know if they can do it without the House.

I give Speaker Boehner credit for adding 94,000 to the unemployed just yesterday, by literally simply ignoring them and not being able to multi-task. Yay, debt ceiling! While 94,000 wish they had paycheck this week. Oh, but the House has it's month vacation. These current building projects - runways, safety improvements - may not get finished by this winter now, either. But hey, the House is tired from all it's arguing over nothing - they cut out of Washington before the Senate voted this morning.

That's a rotten, bald exposure of how important this whole debt-ceiling-fake-dog-and-pony-show-created false "disaster" was, while real Americans are idle, furloughed, while the House lays back. Disgusting.

And if the media in this country had any journalistic integrity or balls, they'd be mentioned every single night on the evening news, "Day 14 of the FAA furlough, Congress won't be back for another three weeks ... " and interviewing live every FAA and private construction employee they can.

[dellinger63]

Originally Posted by Riot

And the House walked the eff out of there today on vacation for a month, leaving 4,000 FAA employees "furloughed" with no pay and no resolution, because our House couldn't get it's freaking act together in the past two weeks..

4000 represents less than 10% of their workforce. I suspect like most other Fed agencies they are overstaffed (padded) by 30% plus in addition to being overpaid with far too many beni's. If these workers are not missed they should then be put on permanent furloughs with no pay and pension credits where they stand. Move on to the next department/agency and repeat. The House is smarter than you think!

[Riot]

Originally Posted by dellinger63

4000 represents less than 10% of their workforce. I suspect like most other Fed agencies they are overstaffed (padded) by 30% plus in addition to being overpaid with far too many beni's. If these workers are not missed they should then be put on permanent furloughs with no pay and pension credits where they stand. Move on to the next department/agency and repeat. The House is smarter than you think!

I'd say those people are indeed being missed, as we have safety people continuing to work to protect you ass today at airports at NO PAY right now, just because it must be done or risk the publics life. They don't have to be there - they are furloughed.

And we also have those 4,000 supervisors and 90,000 contractors who had to walk away from construction projects in progress (runways, safety) just abandoning them in the middle. Makes it fun for the airports, huh? Makes it even more fun if the projects are not finished and have to be held over?

And how about that $30 million a day in the FAA fees we are NOT COLLECTING. The airlines, by the way, have raised their own fees to keep fares the same and are currently gouging the customers by taking those FAA fees for themselves.

So a good days work by our current Congress: 94,000 people laid off, millions being lost daily in revenue, projects delayed and made more expensive, safety of public at risk without the dedication of these employees over money.

And Congress went on vacation and left these people hanging.

Yay! What complete fecking idiots. I cannot wait until 2012.