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#11
05-26-2011, 02:22 PM
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Quote:
You asked why the budget is increasing. It is because we have had to borrow money over the long term, with interest, and we continue to borrow money, long term with interest, to pay for unfunded wars and tax cuts and prescriptions. The portion of the budget and deficit attributable to TARP, to the two stimulus, to the bailouts (auto all paid back now anyway) is small. The normal discretionary portion of the budget is very small compared to the rest, and Obama has indeed cut that. That's simply the truth. The discretionary portion of the budget is tiny. We could stop paying for all of Medicare, and Social Security, and all discretionary things, and the money we owe would continue to increase over the next ten years until it tops out. You think Obama increased the budget? Please - itemize out the budget to show where that is. (edit - here are two charts at the bottom and the information http://www.cbpp.org/cms/?fa=view&id=3490 ) The majority of budget increases we are seeing is money and interest we owe on borrowed money due to things bought on credit in the Bush years. There is no way to ignore that. Yes, I was completely against Obama extending the Bush tax cuts. It was the wrong move. They need to expire and help us cut the deficits.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts Last edited by Riot : 05-26-2011 at 02:37 PM. 
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