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The Water Cooler
General Discussion
The U.S. Govenment is Conducting a Ponzi Scheme
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<blockquote data-quote="emapples" data-source="post: 2671616" data-attributes="member: 11752"><p>I think you missed the point of that chart I posted, first of the deficit was over 450 it was 498 billion in bush's last year. I think its important to note that I am not focusing on 2009 alone, although 700 billion of the deficit can certainly be attributed to the bipartisan bail out of the auto makers, big banks, and insurers. My point is pretty simple if you take Bush administration numbers from 2002 through 2008, you have an aggregate deficit spend of 1,852 trillion. Compared to the Obama administrations numbers You have a aggregate deficit spend of 5.992 trillion. As you are eagerly point out 2009 may not be all Obamas fault, I agree half of that number was a bipartisan bailout. So in fairness I will split 2009 between the administrations and what you end up with after that is a Bush deficit of 2.609 trillion and an Obama Deficit at 5.234 trillion, and this number only goes through 2013 (this administration has 2 more years that are not include in this Talley) So I would imagine even with splitting 2009 between the current and the previous administration. It is entirely possible for Obama to triple the level of deficit spending before he leaves office. Deficit spending is stupid regardless of which party is in charge at the time. I can understand the spending on bushes part he was at least fighting two expensive wars. What has Obama done that is so costly, I haven't seen any of it maybe because I don't utilize any of his social programs or welfare? I don't know but I didn't make the numbers up</p><p></p><p>[ATTACH]44084[/ATTACH]</p></blockquote><p></p>
[QUOTE="emapples, post: 2671616, member: 11752"] I think you missed the point of that chart I posted, first of the deficit was over 450 it was 498 billion in bush's last year. I think its important to note that I am not focusing on 2009 alone, although 700 billion of the deficit can certainly be attributed to the bipartisan bail out of the auto makers, big banks, and insurers. My point is pretty simple if you take Bush administration numbers from 2002 through 2008, you have an aggregate deficit spend of 1,852 trillion. Compared to the Obama administrations numbers You have a aggregate deficit spend of 5.992 trillion. As you are eagerly point out 2009 may not be all Obamas fault, I agree half of that number was a bipartisan bailout. So in fairness I will split 2009 between the administrations and what you end up with after that is a Bush deficit of 2.609 trillion and an Obama Deficit at 5.234 trillion, and this number only goes through 2013 (this administration has 2 more years that are not include in this Talley) So I would imagine even with splitting 2009 between the current and the previous administration. It is entirely possible for Obama to triple the level of deficit spending before he leaves office. Deficit spending is stupid regardless of which party is in charge at the time. I can understand the spending on bushes part he was at least fighting two expensive wars. What has Obama done that is so costly, I haven't seen any of it maybe because I don't utilize any of his social programs or welfare? I don't know but I didn't make the numbers up [ATTACH=CONFIG]44084[/ATTACH] [/QUOTE]
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