Another Brilliant Plan Out of WI

[dellinger63]

Originally Posted by Riot

You diss the independent CBPP, yet you post from Heritage?

It's good to know that Obama could borrow a trillion dollars over the next five years, have repayment start in six years, have repayment last 10 years with interest, and you will entirely blame whomever is elected in 2016 for that debt

Here we go no CBPP or Heritage just straight numbers, no projections. You'll notice Obama while spending $2.67 trillion more over a 3 year period managed to pay $70.6 billion less on interest.

Bush
Total Spent Interest
2006 $2.655 Tril $226.0 billion
2007 $2.728 Tril $237.1 billion
2008 $2.982 Tril $252.0 billion

Totals $8.365 Tril $715.1 billion

Obama
Total Spent Interest
2010 $3.456 Tril $196.2 Billion
2011 $3.818 Tril $206.7 Billion
2012 $3.728 Tril $241.6 Billion

Totals $11.002 Tril $644.50 Billion


http://www.usgovernmentspending.com/...ate=US#usgs302

[dellinger63]

You'll also notice that Obama's increase in spending over his first three years exceeds what Bush spent for the entire budget year of 2006. And where did that get us?

[Riot]

Originally Posted by dellinger63

You'll also notice that Obama's increase in spending over his first three years exceeds what Bush spent for the entire budget year of 2006. And where did that get us?

We are not in a depression, the auto industry is saved, the 700,000 jobs a month lost in the last months of Bush has been reversed, and the economy is recovering, albeit slowly.

Tell me, Dell - where is the cost that we have to pay back of Bushes wars, and his tax cuts, and his prescription drug program? Oh, yeah, and that stimulus he gave out on his way out the door? When did we borrow that money, and where is it being paid back? If you think that is all listed as ending Jan 2009 - as you are acting as you think - you are wrong.

That's not in the graph you posted. No matter what Heritage says <g>

[Riot]

Originally Posted by dellinger63

You'll also notice that Obama's increase in spending over his first three years exceeds what Bush spent for the entire budget year of 2006. And where did that get us?

The spending during the first two years of Obama is mostly Bush legacy, and a one-time stimulus (only 2/3 of which was actually spent). There are automatic increases in Medicare, Social Security, etc. You can continue to lay that at Obama's feet, but it doesn't wash.

Bush took a budget surplus, and spent it all. Then, as he increased spending markedly, and cut our revenue at the same time, he had to start borrowing money. Billions and billions.

Billions and billions.

That money is being spent over multiple years, and is to be paid back over multiple years (the future), with interest.

No subsequent President is responsible for the huge portion of the deficit, and thus budget payback, that is Bush legacy. Do you not agree with that? Yes or no?

[dellinger63]

Originally Posted by Riot

No subsequent President is responsible for the huge portion of the deficit, and thus budget payback, that is Bush legacy. Do you not agree with that? Yes or no?

No I don't think Bush is responsible for Obama's spending and I certainly don't think he's responsible for his complete lack of financial responsibility making lower interest payments. BTW I'd like to see budget payback/interest payments no matter whether it's the five trillion left over by Bush or the few trillion already added on by Obama. It's time to tighten the purse strings not throw billions around the mideast like pocket change.