Quote:
Originally Posted by
bionicarm http:///forum/thread/383327/glad-to-see-you-aren-t-wasting-any-time-g-o-p/20#post_3354512
Where is all this mass spending you're talking about? The stimulus package given to GM and Chrysler? Paid back. Yea, some paid back with other 'stimulus money', but both companies are making a profit now, and those 'bills' will be paid off as well. GM is about to overtake Toyota again with the announcement of the Volt. You think 9.8% unemployment is bad? Let those two companies fail, and you'd have been looking at 11%-12%. Bank stimulus? Again, unemployment numbers skyrocket, and you'd have fallen into a Depression instead of a Recession, since the FDIC couldn't cover the losses to all the bank accounts that would have been liquidated.
The majority of programs that Obama has been spending on were programs he inherited. What he probably should have done is get rid of them. He tried getting rid of the tax cuts, and look how well that went.
War not a sustained spending project?
We're in what, year 10 of that little 'non sustaining project', with no real end in sight? We've spent over a trillion on that little diddy. There's a huge chunk of your deficit right there. We could close shop on Iraq and Afghanistan tomorrow, and you could cut 20% off the deficit right now.
How were GM and Chrysler able to pay PART of it back? They filed Bankruptcy ANYWAY. That bill was supposed to prevent a filing of Bankruptcy and the lay offs. The Lay offs still happenned and just 18 hours ago GM decided to layoff more of their employees.
FAIL!
Now, lets do some math here, since you seem incapable of doing it. If those loans were paid back or even partially paid back truly, we should have seen a decrease in the deficit...2009, deficit was 1.3 Trillion. 2010, deficit was 1.4 Trillion....Nope, no deficit reduction. Tarp was passed for the banks in 2008. That went towards the 2008 Deficit....Therefore any money paid back afterwards should also be going to the 2009 and 2010 deficit....did they decrease at all? Let me check...oh wait...they are now in the Trillion dollar range for those following years....there was no decrease.
The wars add a Total of 200 billion dollars roughly to the budget (thus the deficit) each year. So lets remove the wars...without the wars the deficit would have been on average 250 billion dollars under the Bush Years. Take away the wars...The Obama Years are still over 1 Trillion dollars.
Obama's new deficit is well 0ver 1 Trillion without the cost of war and with money coming in in the form of paid back loans. Stimulus was 787 billion dollars if you listen to the White House (which you do. So, by removing stimulus from the budget, The cost of the wars, our deficit is back to around 450 billion dollars....which is on par with the Bush Years...but wait, To get down to that amount I am stopping the wars....so YOU TELL ME....WHAT THE HELL IS HE SPENDING THE MONEY ON! And remember, this brilliant man is also taking in money from Tarp which went towards the 2008 deficit and only helps reduce his budget and deficit per year. He also cut a ton of military projects and his heathcare bill hasn't started paying out yet...so the healthcare bill isn't even factored into the budget or deficit yet, in fact it will be taking in money this coming year without paying out money. Oh wait, the stimulus bill is spread out over the next 2-3 years after its passage as well....so, technically his budget deficit minus 2 wars and stimulus is over 700 billion dollars.......
So tell me, how come bush was able to average a deficit of 400 billion while running two wars and Obama is running a deficit of 700 billion dollars taking out the two wars and stimulus, especially since he inherited all these spending programs from Bush. And we are not spending over a trillion per year on the wars....not sure where you get all your made up facts and numbers from.
Class Dismissed.
Darth (The Teacher) Tang
I actually lost money on this "deal"
