Obama Spending Binge Never Happened - Wall Street Journal

I know Obama spent alot and even I am upset about that but. He did pull us out of the hole we were in and had a mess put in his face coming into office. I think he pushes for technology like electric cars wind solar and so on we need more of that now then ever. No one else is going to push technology like him this big push might cost us but might save us in the end to. Because when we run out of oil you will be happy Obama pushed technology like he did. And yes I wish he would have never spent so much money but also you should blame the "super committee" they could have made some cuts and all this would not have been so bad in fact we could have made a better budget for ourselves.

Originally posted by Eurisko2012

Originally posted by AnonymousCitizen
When President Obama took office in 2009 the U.S. Debt = $9.986 trillion
Today, US the debt rises to $15.75 trillion.

Obama has added $5.764 trillion to the U.S. debt, so far.

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The American people want solutions not deceptive liberal troll graphs.

Obama spending has been out of control ever since he walked into the

White House. The US economy grew but not fast enough to keep up with

big spender Obama.

This chart reveals the truth.

Note that what is being charted here is Federal spending as a percentage of the Gross Domestic Product. Federal expenditure is a greater percentage of GDP because the private sector is spending less. Talk about lying with statistics!

ok, so i see that a few people here have tried to put the stimulus package on Bush. Now, while I am not leaving Bush out of this, he does deserve some of the blame for his actions, let us remember, that while he was president, and the stimulus bill was designed and passed by congress, it was a democrat controlled congress and then there is this.......

www.msnbc.msn.com...-AQcXH-f0

"The stimulus package was a huge victory for Obama less than one month into his presidency. But he struck a sober tone and lowered expectations for an immediate turnaround in the severe recession that is well into its second year. "

Spin things any way you want them, no reasonable person could possibly believe that this president is even remotely frugal with the nations checkbook.

Originally posted by BritofTexas

Originally posted by Eurisko2012

Originally posted by BritofTexas

Originally posted by Eurisko2012
reply to post by BritofTexas

 

He blew it on wonderful solutions like Solyndra. - bankrupt scandal -

We need private sector solutions.

I must have missed the bit where Solyndra was government owned. I always thought Solyndra WAS part of the private sector?

Solyndra was a green energy boondoggle that was doomed to fail.

A good private sector solution would be Facebook.

- No government funding required -

Is Facebook going to hire all the unemployed?

P.S. It seems Facebook and their underwriters are being sued for fraud over misrepresenting its value.

No but Facebook does have 6,000 employees. Not a bad start.

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Solyndra hired 1,000 and then fired them all after 1 year.

- Green Energy Boondoggle -

Originally posted by DJW001

Originally posted by Eurisko2012

Originally posted by AnonymousCitizen
When President Obama took office in 2009 the U.S. Debt = $9.986 trillion
Today, US the debt rises to $15.75 trillion.

Obama has added $5.764 trillion to the U.S. debt, so far.

---------
The American people want solutions not deceptive liberal troll graphs.

Obama spending has been out of control ever since he walked into the

White House. The US economy grew but not fast enough to keep up with

big spender Obama.

This chart reveals the truth.

Note that what is being charted here is Federal spending as a percentage of the Gross Domestic Product. Federal expenditure is a greater percentage of GDP because the private sector is spending less. Talk about lying with statistics!

Open your eyes and seek the truth.

The private sector is spending less because Obamas - u n e n d i n g - regulations are

killing them.

The regulations are also driving them out of the USA.

Fortune 500 companies are growing and hiring people..............overseas!

Originally posted by SM2
ok, so i see that a few people here have tried to put the stimulus package on Bush. Now, while I am not leaving Bush out of this, he does deserve some of the blame for his actions, let us remember, that while he was president, and the stimulus bill was designed and passed by congress, it was a democrat controlled congress and then there is this.......

www.msnbc.msn.com...-AQcXH-f0

"The stimulus package was a huge victory for Obama less than one month into his presidency. But he struck a sober tone and lowered expectations for an immediate turnaround in the severe recession that is well into its second year. "

Spin things any way you want them, no reasonable person could possibly believe that this president is even remotely frugal with the nations checkbook.

The spending has been out of control AND the Federal Reserve is printing money.

QE1 , QE2 etc.

The US dollar is worth less AND our credit rating has been downgraded.

Seek the truth.

yes qe1 and 2 have hit the value of the dollar, qe1 was Bush, qe2 Was Obama, Obama is also the only president to have to deal with a credit downgrade.

Originally posted by SM2
yes qe1 and 2 have hit the value of the dollar, qe1 was Bush, qe2 Was Obama, Obama is also the only president to have to deal with a credit downgrade.

Guidance does not look good from the American people.

51% think America will go bankrupt before balancing the budget.

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All we have to do is reduce the size of the US government.

Stop spending like drunken sailors.

The deficit was $5 trillion last year
The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits. Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules.
The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government's books

www.usatoday.com...

Originally posted by Evanzsayz
He's the biggest spender of all time, anyone who disagree's is a complete idiot (no offense).

When Bush left office in 2008 he left us with a defecit of almost 500 billion.

^ Under Obama Administration...he doubled the deficit and then some.

Again ...like many posters...you conflate deficet with spending as if they are the same thing.

Do you think during the worst economic Crisis since the great depression that REVENUES (Tax Reciepts) fell at all?

How do you think reveneues effect deficet?

Did the Great Recession not happen?

If half your house burnt down and you had to pay for it out of pocket while at the same time your boss decided to pay you half of what you typically make...and yet you still had to feed your family...do you think your debt might increase? Are you spending recklessly?

Originally posted by Indigo5

Originally posted by Evanzsayz
He's the biggest spender of all time, anyone who disagree's is a complete idiot (no offense).

When Bush left office in 2008 he left us with a defecit of almost 500 billion.

^ Under Obama Administration...he doubled the deficit and then some.

Again ...like many posters...you conflate deficet with spending as if they are the same thing.

Do you think during the worst economic Crisis since the great depression that REVENUES (Tax Reciepts) fell at all?

How do you think reveneues effect deficet?

Did the Great Recession not happen?

If half your house burnt down and you had to pay for it out of pocket while at the same time your boss decided to pay you half of what you typically make...and yet you still had to feed your family...do you think your debt might increase? Are you spending recklessly?

Your posts would have more credibility if you spelled - deficit - correctly.

BTW, the long red bars of deficit spending will be permanently attached to the

Obama legacy.

Originally posted by Eurisko2012

Your posts would have more credibility if you spelled - deficit - correctly.

Your posts would have much more credibility if you actually contributed substance rather than sounding like an automated/AI partisan posting bot.

Originally posted by AnonymousCitizen
When President Obama took office in 2009 the U.S. Debt = $9.986 trillion
Today, US the debt rises to $15.75 trillion.

Obama has added $5.764 trillion to the U.S. debt, so far.

not if he did republican accounting...you know...like NOT INCLUDE war funding in the budget during bushs reign.

So I decided to look to confirm the OP and the Authors claims myself. I went to Governmentspending.com and pulled up a chart on raw government outlays (Spending)...not as a percent of GDP, since GDP fell of the charts during the Great Recession and gives misleading data when it's drop is not explained...but a simple chart of how much the Government spends in Trillions....Look at this...



Go ahead and try it yourself...
www.usgovernmentspending.com...

reply to post by Indigo5


The USA credit rating was downgraded due to Obamas lack of leadership and

incompetence. Go ahead and add that to the Obama legacy.

--------

Socialism doesn't work.

Originally posted by Eurisko2012
reply to post by Indigo5

 

The USA credit rating was downgraded due to Obamas lack of leadership and

incompetence.

John Boehner on the standoff and deal that led to the downgrade ...
When you look at this final agreement that we came to with the White House, I got 98 percent of what I wanted. I'm pretty happy.
www.dailykos.com...

POLTIFIACT...

Our ruling

The Facebook post says Mitt Romney is wrong to claim that spending under Obama has "accelerated at a pace without precedent in recent history," because it's actually risen "slower than at any time in nearly 60 years."

Obama has indeed presided over the slowest growth in spending of any president using raw dollars, and it was the second-slowest if you adjust for inflation. The math simultaneously backs up Nutting’s calculations and demolishes Romney’s contention.

www.politifact.com...

Okay... spending from Governmentspending.com



Nutting's chart from the article


POLTIFIACT...

Our ruling

The Facebook post says Mitt Romney is wrong to claim that spending under Obama has "accelerated at a pace without precedent in recent history," because it's actually risen "slower than at any time in nearly 60 years."

Obama has indeed presided over the slowest growth in spending of any president using raw dollars, and it was the second-slowest if you adjust for inflation. The math simultaneously backs up Nutting’s calculations and demolishes Romney’s contention.

www.politifact.com...

This is not Liberal spin folks....and you can judge that by the rebuttals that lack any substance...

Reality and math are inconvienent for idealogues.

reply to post by Indigo5


The National Debt is almost $16 Trillion.

That's not spin either.

It's a debt bomb that is waiting to go off.

Just continue to pray that interest rates remain low.

Originally posted by Indigo5

Originally posted by Eurisko2012
reply to post by Indigo5

 

The USA credit rating was downgraded due to Obamas lack of leadership and

incompetence.

John Boehner on the standoff and deal that led to the downgrade ...
When you look at this final agreement that we came to with the White House, I got 98 percent of what I wanted. I'm pretty happy.
www.dailykos.com...

We all roll our eyes when your link says -- www.dailykos.com --

That deal was never going to happen. It was a big dog & pony show.

John Boehner just played along. -- Washington DC Politics --