After two years of Obama…here’s your CHANGE!!

C

Canceled2

Banned
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history.

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Sources: (1) U.S. Energy Information Administration; ( 2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
 
Onceler said:
ODS

I wonder if you had even one comment about the spiraling debt during the Bush years.
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Naaaa, thats down the memory hole. What the extremists on the right will not admit to is it takes time to fix 30 yrs of failed ideology.
 
Ice Dancer said:
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history.

tumblr_lhqsozdOME1qzbjad


Sources: (1) U.S. Energy Information Administration; ( 2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
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Cause and effect. Those changes were coming regardless of who occupied the White House. The catalysts were the bad judgements and incompetence of the Bush administration.
 
Onceler said:
ODS

I wonder if you had even one comment about the spiraling debt during the Bush years.
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LOL- yeah numbers don't lie oncie. After 3 years, this is the Obama economy...and it's so obvious that you, like all the turbo libs, who suffer from BBS (blame Bush syndrome) are without any other argument in Obama's favor. Obama has done all the spending and made all the promises behind that spending, claiming we would not be in this situation if he could just spend...

Obama sucks~
 
poet said:
Cause and effect. Those changes were coming regardless of who occupied the White House. The catalysts were the bad judgements and incompetence of the Bush administration.
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Hahahaha...yeah definite BBS!

This is Obama's spending...O B A M A~
 
Ice Dancer said:
Hahahaha...yeah definite BBS!

This is Obama's spending...O B A M A~
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That's Obama attempting to repair the damage done. I don't abide spin from the peanut gallery. You had 8 years with bush....when we've had 8 years of obama, get back with me.
 
remember kids, When it was Bush in office the economy was his fault and Clinton got no blame. Now that it's Obama in office, Bush gets all the blame.

Total hypocrites
 
tinfoil said:
remember kids, When it was Bush in office the economy was his fault and Clinton got no blame. Now that it's Obama in office, Bush gets all the blame.

Total hypocrites
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Wrong. Clinton got blamed for leaving a surplus which Bush promptly depleted. I can't believe you expect to be taken seriously with an ID like "tinfoil". LOL.
 
poet said:
That's Obama attempting to repair the damage done. I don't abide spin from the peanut gallery. You had 8 years with bush....when we've had 8 years of obama, get back with me.
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LOL the only thing that keeps repeating in the spin cycle is the mantra "blame bush...blame Bush...blame Bush". You libs can't defend Obama cuz he SUCKS as president- so it's blame Bush bahhhbahhhbahhh blaaaaaemmmmeee Buuuuuussshhhhh~
 
The Ludwig von Mises Institute has something to say about the matter, and Ice Dancer won't like it.



Reagan came into office proposing to cut personal income and business taxes. The Economic Recovery Act was supposed to reduce revenues by $749 billion over five years. But this was quickly reversed with the Tax Equity and Fiscal Responsibility Act of 1982. TEFRA—the largest tax increase in American history—was designed to raise $214.1 billion over five years, and took back many of the business tax savings enacted the year before. It also imposed withholding on interest and dividends, a provision later repealed over the president's objection.




But this was just the beginning. In 1982 Reagan supported a five-cent-per-gallon gasoline tax and higher taxes on the trucking industry. Total increase: $5.5 billion a year. In 1983, on the recommendation of his Spcial Security Commission— chaired by the man he later made Fed chairman, Alan Greenspan—Reagan called for, and received, Social Security tax increases of $165 billion over seven years. A year later came Reagan's Deficit Reduction Act to raise $50 billion.




Even the heralded Tax Reform Act of 1986 is more deception than substance. It shifted $120 billion over five years from visible personal income taxes to hidden business taxes. It lowered the rates, but it also repealed or reduced many deductions.




According to the Treasury Department, the 1981 tax cut will have reduced revenues by $1.48 trillion by the end of fiscal 1989. But tax increases since 1982 will equal $1.5 trillion by 1989. The increases include not only the formal legislation mentioned above but also bracket creep (which ended in 1985 when tax indexing took effect—a provision of the 1981 act despite Reagan's objection), $30 billion in various tax changes, and other increases.




Taxes by the end of the Reagan era will be as large a chunk of GNP as when he took office, if not larger: 19.4%, by ultra-conservative estimate of the Reagan Office of Management and Budget.





Now, tell us how great a fiscal conservative St. Alzheimer was, Skankee.


​
:whome:

​

http://mises.org/freemarket_detail.aspx?control=488
 
Ice Dancer said:
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history.

tumblr_lhqsozdOME1qzbjad


Sources: (1) U.S. Energy Information Administration; ( 2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
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Onceler said:
ODS

I wonder if you had even one comment about the spiraling debt during the Bush years.
Click to expand...

Your stuck in the past Onecell....debt during the Bush years is about as relevant as debt during the Carter years.....zero
But you can post the stats if it makes you happy and you might as well post the debt during the Obama years too....wth....you're fair and balanced, right ?
 
Obama is not responsible for all those changes. No doubt some on the media would blame bush, but, the fact is, Obama, alone, is not responsible for all those changes.
 
bravo said:
Your stuck in the past Onecell....debt during the Bush years is about as relevant as debt during the Carter years.....zero But you can post the stats if it makes you happy and you might as well post the debt during the Obama years too....wth....you're fair and balanced, right ?
Click to expand...



Poor Blabo.



Did the Bush debt get paid when your hero left the White House?



If the answer's no, and it is, the Bush debt is still with us, and thus relevant.






It's so easy to smack Blabo down.


penguin.gif
 
Stallion said:
Obama is not responsible for all those changes. No doubt some on the media would blame bush, but, the fact is, Obama, alone, is not responsible for all those changes.
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\
So the President is not wholly responsible for what happens during his term in office....?......

Their is a certain element of truth to that, but thats the way its looked at in most cases......The President is supposed to be leading the country...and even if he don't, won't, or can't, he is the one in charge....

In my opinion, the Congress is more responsible for at least most economic changes...taxes, prices, inflation, spending, debt, etc.....ESPECIALLY when one party is in control of both the House and the Senate....but in the end.... its still the President that puts his name on all legislation so he is at least half to blame.
 
bravo said:
Your stuck in the past Onecell....debt during the Bush years is about as relevant as debt during the Carter years.....zero
But you can post the stats if it makes you happy and you might as well post the debt during the Obama years too....wth....you're fair and balanced, right ?
Click to expand...

I'm glad you posted, because it truly highlights the depth of your hypocrisy. The point I was making was this: if Bush ran up the debt enormously (he did), and if a prominent member of his admin said that deficit spending doesn't matter (he did), and you - and I'm talking about you, bravs - didn't utter a peep about it, but then it becomes the biggest priority ever & the worst thing ever when Obama does it....

Well, let's just say it undermines your credibility a tad.
 
Onceler said:
I'm glad you posted, because it truly highlights the depth of your hypocrisy. The point I was making was this: if Bush ran up the debt enormously (he did), and if a prominent member of his admin said that deficit spending doesn't matter (he did), and you - and I'm talking about you, bravs - didn't utter a peep about it, but then it becomes the biggest priority ever & the worst thing ever when Obama does it....

Well, let's just say it undermines your credibility a tad.
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It does somewhat. You have a point.
 
Onceler said:
I'm glad you posted, because it truly highlights the depth of your hypocrisy. The point I was making was this: if Bush ran up the debt enormously (he did), and if a prominent member of his admin said that deficit spending doesn't matter (he did), and you - and I'm talking about you, bravs - didn't utter a peep about it, but then it becomes the biggest priority ever & the worst thing ever when Obama does it....

Well, let's just say it undermines your credibility a tad.
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Well, there are times when the debt matters a lot and times when it doesn't matter as much....but it ALWAYS matters.....
There are times when its absolutely necessary to go into debt and times when its frivolous and un-necessary....
Nothing can be discussed in isolation....
Like taxes being raised when the economy is growing.....no problem with that
Like more social programs when the economy is healthy....no problem with that
Like more spending for infrastructure, research, etc. in good times....great...
Like more spending for emergency's.....Katrina, WTC, self defense....its necessary.

There is a time when it not such a good thing.....like when unemployment is 9%+ and money is still being wasted on cow fart research....and we're on the verge of being owned by a foreign country....
like more socialist programs when the whole world is watching us on the verge of bankruptcy.....real or imagined....
There is a time to cut back and get control again.....

Now your gripe is with GW Bush in particular....no doubt he spent big bucks and raised the debt....did circumstances make that spending necessary ? Thats debatable....

Seven years of a stable, growing economy with low unemployment was a good thing.....in spite of some world issues.....and domestic catastrophe....
The housing market meltdown will forever be debated about who is to blame....or how much....that was the driving issue is spending in his last months as president....
But that is over and we have a new leader....one that don't lead, one that blames everyone else for everything, one that talks a good game, but refused to play himself....thats a problem....
One who gave speeches condemning excessive spending, raising the debt limit, and other things but then turns around does exactly those things....

So whats that say about HIS credibility
 
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