I side with:

Discussion in 'Politics' started by jficquette, Aug 25, 2012.

  1. Obama is the nominee only because Hillary didn't want to take over the pile of shit he left.

    He wouldn't have won a single primary had she challenged him.

    Why the love for Obama? You don't even agree with him on a lot of the issues.

    You are a troll.
     
    #61     Aug 27, 2012
  2. Evidently you dont know what a troll is.This is a troll...













     
    #62     Aug 27, 2012
  3. #63     Aug 27, 2012
  4. The correct figure to use is the CBO’s analysis of the president’s 2013 budget, which clocks in at $3.72 trillion.

    So this is what we end up with:

    2008: $2.98 trillion

    2009: $3.27 trillion

    2010: $3.46 trillion

    2011: $3.60 trillion

    2012: $3.65 trillion

    2013: $3.72 trillion

    Under these figures, and using this calculator, with 2008 as the base year and ending with 2012, the compound annual growth rate for Obama’s spending starting in 2009 is 5.2 percent.

    Or another way to look at it

    One common way to measure federal spending is to compare it to the size of the overall U.S. economy. That at least puts the level into context, helping account for population growth, inflation and other factors that affect spending. Here’s what the White House’s own budget documents show about spending as a percentage of the U.S. economy (gross domestic product):

    2008: 20.8 percent

    2009: 25.2 percent

    2010: 24.1 percent

    2011: 24.1 percent

    2012: 24.3 percent

    2013: 23.3 percent

    In the post-war era, federal spending as a percentage of the U.S. economy has hovered around 20 percent, give or take a couple of percentage points. Under Obama, it has hit highs not seen since the end of World War II — completely the opposite of the point asserted by Carney. Part of this, of course, is a consequence of the recession, but it is also the result of a sustained higher level of spending.


    AK 47's same tired chart based on Nutting's incorrect analysis. Obama's 1.4% when calculated correctly is really 5.2%.
     
    #64     Aug 27, 2012
  5. pspr

    pspr

    It's interesting to note that income tax revenues have averaged 18% of GDP for the last 20 years. Taxes can not be increased to cover this short fall. Government needs to decrease spending as a percent of GDP. Either by rapidly growing the economy or cutting spending.

    Under Obama neither of these are being pursued. In fact, just the opposite - more spending and more anti-business regulation and taxes.

     
    #65     Aug 27, 2012
  6. To make this quick lets assume it is 5.2 %.That is still less then Reagans 8.7 %,less then HW Bushs 5.4 %,less then W Bushs 7.3 % and less then W Bushs 8.1 %



    [​IMG]



    Thanks DD
     
    #66     Aug 27, 2012
  7. My pleasure, I'm just here to help. It is odd that you glossed over this text though:

    In the post-war era, federal spending as a percentage of the U.S. economy has hovered around 20 percent, give or take a couple of percentage points. Under Obama, it has hit highs not seen since the end of World War II
     
    #67     Aug 27, 2012

  8. The economy is one thing and federal spending is another .


    Obamas growth of federal spending is less then Reagan,Bush 1 and Bush 2
     
    #68     Aug 27, 2012
  9. Whoa, really -- they're two different things? :D

    My only point is why couldn't the flunkies that generated your chart be content with 5.2%? No they had to get creative and find a way to make Obama look like a superstar when he's essentially average by one measure, and in fact quite bad by yet another.
     
    #69     Aug 27, 2012
  10. Yes.One is the economy,the other is federal spending.Obama had no control of Bush tanking the economy,Obama has more control in having less spending growth then Reagan ,Bush 1 and Bush 2
     
    #70     Aug 27, 2012