Another Brilliant Plan Out of WI

[dellinger63]

Originally Posted by Riot

It's simply amazing that you can't understand the concept of borrowing money over time and paying interest on the loan. Here, tell me what's "made up" about this:

are you trying to say Obama's huge budget raises are a result of having to pay interest?

[Riot]

Originally Posted by dellinger63

are you trying to say Obama's huge budget raises are a result of having to pay interest?

I refer you to the multiple long posts already made on the subject in this thread.

[dellinger63]

Originally Posted by Riot

I refer you to the multiple long posts already made on the subject in this thread.

you mean the propaganda put out by the CBPP? Simply look at how they project Obamacare? Thousands of sources refute their crazy projections and shows who they are and what they stand for loud and clear.

Let's stick to actual CBO numbers.

Now I ask how much of the current $3.7 trillion Obama budget is interest payments on Bush's war and tax cuts? Judging by the budget increase it should in the range of $600-$700 billion and sadly it's not.

[dellinger63]

Originally Posted by dellinger63

Now I ask how much of the current $3.7 trillion Obama budget is interest payments on Bush's war and tax cuts? Judging by the budget increase it should in the range of $600-$700 billion and sadly it's not.

FYI

In 2009 Bush's last year and (his biggest budget) $260 billion was paid out to interest of a $3.107 trillion budget. Or 8.5% of total budget.

Obama's 2012 budget $3.7 trillion calls for 6.3% of total budget or $233 billion to be dedicated to interest.

So while Obama's budget exceeds Bush's by $600 billion it pays $27 billion less in interest? Coupled with what Obama did in 2010 and 2011 we're talking trillions of new dollars in debt.

Bush 2009 budget http://en.wikipedia.org/wiki/2009_Un...federal_budget

Obama 2012 budget http://www.whitehouse.gov/omb/budget

[Riot]

Originally Posted by dellinger63

you mean the propaganda put out by the CBPP?

It's strange you that propaganda, as they are very well-respected, considered independent, and their date is peer-reviewed and considered very accurate. So your attempted blanket dismissal of the information doesn't fly. Sorry.

Now I ask how much of the current $3.7 trillion Obama budget is interest payments on Bush's war and tax cuts?

I would ask the right question - you can't ignore the principle.

Do this, and please, us CBO numbers: tell us how much Bush has borrowed, over what time frames, and the repayment. Two unfunded wars, unfunded Medicare drug giveaway, unfunded tax cuts, and the first half of the stimulus.

Because it's nice of you to keep blaming Obama for all that, plus the split- stimulus that Bush approved at the end of his term (that he left in Obama's lap), and the tax cuts, and the wars, but that won't fly, either.

Obama is responsible for his own spending. Not the disaster Bush left us. Stop trying to twist the facts ridiculously in the wind to meet up with the false meme that Republicans are savers, and Dems are spenders. History of the last 60 years proves that wrong.

[dellinger63]

Originally Posted by Riot

Obama is responsible for his own spending..

Finally.

And as posted over and over his spending has increased $2.67 trillion compared to Bush while payments made towards interest has decreased. If he could only somehow make a U-turn we'd be headed in the right direction.

[Riot]

Originally Posted by dellinger63

Finally.

And as posted over and over his spending has increased $2.67 trillion compared to Bush while payments made towards interest has decreased. If he could only somehow make a U-turn we'd be headed in the right direction.

Well, if you are going to be "head-in-the-sand" simplistic regarding who initiated that debt, and who causes our deficit, there's nothing I can do.

Again, I'm glad you are going to blame every bit of debt we have on whomever takes office in January 2016. Because that's exactly what you are doing, now.

BTW: via Politifact, regarding the deficit - and who increased it, and who is already decreasing it.

To get historic perspective, we looked at U.S. budgets from 1930 until 2010. The highest deficits, as a percentage of spending, came in 1943 during World War II, when 69.5 percent of spending was debt financed.

In 1985, during when Ronald Reagan was president, the gap was 22.4 percent, and the deficit gap never fell below 11 percent under his watch.

In 1995, during the Clinton Administration, the gap was 10.8 percent. The budget would actually enjoy four years of surplus at the end of his tenure, reaching a high point with revenues exceeding spending by 13.2 percent in 2000.

In 2005 under George W. Bush, deficit spending accounted for 12.9 percent of outlays. The 2009 budget, passed during Bush’s final months in office and altered when Obama took over, saw spending exceed revenues by 40.2 percent.

To review, Rigell said the United States is "borrowing more than 40 cents of every dollar we spend." Under the total budget figures the deficit is actually a bit smaller than that mark, coming in at 37.5 percent in the last fiscal year and a slightly lower number so far this year.

Politifact: Eric Cantor says: In the past two years, Democrats have "spent more money than this country has spent in the last 200 years combined."

Pants-On-Fire lie