Another Brilliant Plan Out of WI

[Riot]

Originally Posted by wiphan

ok, I get it now. It is all Bush's fault. If I remember right Obama extended the bush tax cuts...

Wow. Way to totally ignore the point.

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.

[wiphan]

Originally Posted by Riot

Wow. Way to totally ignore the point.

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. 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.

No really I get it. It was Bush's fault.

[Riot]

Originally Posted by wiphan

No really I get it. It was Bush's fault.

Yes, it was Bush's fault. But that wasn't the meaning or point of my post, was it? My post wasn't political, it was financial. Why is our budget going up with the figures you posted? I had an answer, backed by figures. You think it's wrong? You say it is due to Obama? The contributions of figures for the Bush and Obama bailouts, TARP and the stimulus are right in the graph I posted.

So do tell - please, give us an itemized list of the budget, and what components make it up, so we can see the difference.

such a psychopath.

[Riot]

"I hate Obama. He's responsible for everything I want to blame him for. Facts don't matter"

The U.S. National Debt and How It Got So Big
http://useconomy.about.com/od/fiscal.../p/US_Debt.htm

Obama approved increasing funding for some of those plans that are part of that prescription deal you rail Bush for daily.

We're still at war. He's actually increased defense spending.

You're a hypocrite because of a school girl crush.

It's ok.

[Riot]

Originally Posted by Coach Pants

Obama approved increasing funding for some of those plans that are part of that prescription deal you rail Bush for daily.

We're still at war. He's actually increased defense spending.

You're a hypocrite because of a school girl crush.

It's ok.

That's right. The increased Rx deal is part of the PPACA and that entire thing comes out to net zero budget increase (it's paid for).

Feel free to itemize how the defense spending has increased with Libya compared to the drawdowns in Iraq and Afghanistan.

Then you can tell us how Obama, and not our previous debt borrowing w/interest, is reponsible for the the budget increases that Wiphan is so desperately worried about laying at Obama's feet.

Or can you only make unsupported statements and call names, because you only have interest in hating who you hate, and those that don't agree with your politics, and not discussing politics or finance?