Exploding debt threatens America

joepistole said:
Entitlements are a problem. That is one of the reasons reform of the US healthcare system is so critical. Two we need to restore a tax structure that is more in line with already spent money. And need I remind you it was the Republicans that enacted the largest expansion of Social Security since FDR. Currently healthcare costs are almost 20 percent of GDP...roughly more than twice that of all other industrial countries. And in measures of quality, the US is going down hill. Reform of the US healthcare system is clearly needed for many reasons...including commerce and global competitveness.
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Why add new ones if all the others are broke? "global competitveness" how can we compete with the high taxes, unionized labor, epa laws, failing schools, lawsuits ect we have now, when looking at other nations like China?
 
Buffalo Roam said:
pj....

For 40 years up until the 1994 elections. Republicans then had control for 12 years, until Dems again won the majority in both House & Senate in Nov. 2006.
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Buffalo no the dems didn't have complete control of both houses for 40 years. in fact in the past 60 years at least for part of every presidents term his party has controled congress. once again showing fact aren't your strong suit.

So since Nov. 2006 the House and Senate have been controlled by the Democrats, and now who writes the budgets?
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so 50 50 split is controlling now?

And the Democrats controlled both Houses in 2007-2008- and now in 2009.
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with a president who had to signing off on the budgets who would veto anything he didn't like.

The President can request a budget, but Congress, specifically the House writes the budget bill, and that has been controlled by the Democrats since Nov. 2006
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but the senate was split and both houses have to pass it.

We are talking about Obama's budget, and the spending that has occurred on Obama's watch, like the 787 Billion of TARP stimulus money requested by Obama and passed by the Democrats, that is all Obama's and the Democrats.
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Which shows only how little you know. Obama hasn't made a budget yet. What we are talking about is his modifications to Bush's budget.



Now pj, citation and provide proof that this massive spending increace took place under Bush, since Obama took office on Jan. 20, 2009, at that time the last Bush budget showed a deficit of $482 Billion dollars, that is far short of 1.85 trillion dollars, since Obama has taken office, Obama has added
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Um because the national debt didn't double under bush because he didn't spend a crap ton.




This is all Obama's spending, George has been out of office since Jan 20.

White House projects record deficit for 2009 - CNN.com
President Bush's budget chief blamed the faltering economy and the ... for the record $482 billion deficit the White House predicted for the 2009 budget year.

So now please provide citation and fact that these deficit numbers belong to George.

From a liberal icon, no friend of George's;




Even they have only pegged George for $400 billion, in a budget declared dead on arrival by the Democrats, who will wait on Obama to take office before they will pass the 2009 budget.

And the Democrats declared Georges Budget dead on arrival and reinstated much of money from the budget cuts, that Bush wanted;

http://www.usatoday.com/news/washington/2008-02-03-bush-budget_N.htm

By Richard Wolf, USA TODAY
WASHINGTON —

Yes, even Harry Reed knew what He was going to do to Bush's budget;



Write it to suite the Democrats and their deficit spending ways.

And yes in their own words;



So again tell me that this budget and deficit belongs to Bush.
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I explained this to you once before in a different thread. A presidents last budget affects mostly his successor’s first year.
 
madanthonywayne said:
How you can say that with a straight face given Obama's record breaking spending is amazing.
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As I said you as a supply sider have zero credibilty on this. So shut up and let people who know what they are doing handle it.

you want to know how i can say it with a straight face I can read graph. The two times were we accrued the most debt was under Reagan and Bush 2 both supply siders.
 
pjdude1219 said:
As I said you as a supply sider have zero credibilty on this. So shut up and let people who know what they are doing handle it.

you want to know how i can say it with a straight face I can read graph. The two times were we accrued the most debt was under Reagan and Bush 2 both supply siders.
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I wouldn't call Bush a supply side economics man.
 
unexplained_mysterie said:
Why add new ones if all the others are broke? "global competitveness" how can we compete with the high taxes, unionized labor, epa laws, failing schools, lawsuits ect we have now, when looking at other nations like China?
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The US is never going to be at a trade advantage with China until the China stops manipulating its currency. You can do all the things you just stated and it wont make any difference in the China - US trade relationship.
 
pjdude1219

The democrats didn't pass Bush's last budget, they wrote and passed their own, or didn't you take time to research and read the news, or the Democrats in their own words.

Plus the fact that the last budget was set in concrete when Bush signed it last year, and the deficit for the last budget was $4.5 billion dollars, or can you provide factual proof and citation as to deficit of $1.8 trillion in the last National Budget.

The numbers I have posted are what has been passed by the Democrats and Obama in the last 6 month, nothing to do with the last budget, as I pointed out the last budget under Bush is passed set and signed, this is all spending requested and passed by Obama and the Democrats and that amount of deficit spending is 1.85 trillion dollars that come directly from the Federal reserve printing presses.

So now put up, Fact that show's a $1.8 trillion dollar deficit under Bush's last budget.
 
pjdude1219 said:
Why wouldn't you. He took everything straight out of the supply sider play book.
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You wouldn't know the supply side play book if it was tossed in your lap, and you had someone to read it to you, Bush was not a supply sider, Bush was about as far as you can get from Regain and still be called a Republican.
 
Buffalo Roam said:
You wouldn't know the supply side play book if it was tossed in your lap, and you had someone to read it to you, Bush was not a supply sider, Bush was about as far as you can get from Regain and still be called a Republican.
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Considering the demise of the GOP as an advocate of limited government, it may be more accurate to say that Reagan was as far as you can get from Bush II and still be called a Republican. :bugeye:
 
Buffalo Roam said:
pjdude1219

The democrats didn't pass Bush's last budget, they wrote and passed their own, or didn't you take time to research and read the news, or the Democrats in their own words.

Plus the fact that the last budget was set in concrete when Bush signed it last year, and the deficit for the last budget was $4.5 billion dollars, or can you provide factual proof and citation as to deficit of $1.8 trillion in the last National Budget.

The numbers I have posted are what has been passed by the Democrats and Obama in the last 6 month, nothing to do with the last budget, as I pointed out the last budget under Bush is passed set and signed, this is all spending requested and passed by Obama and the Democrats and that amount of deficit spending is 1.85 trillion dollars that come directly from the Federal reserve printing presses.

So now put up, Fact that show's a $1.8 trillion dollar deficit under Bush's last budget.
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Are you incapable of actually addressing the point made or do you honestly believe bush had nothing to do with the doubling of the DEBT.
 
Buffalo Roam said:
You wouldn't know the supply side play book if it was tossed in your lap, and you had someone to read it to you, Bush was not a supply sider, Bush was about as far as you can get from Regain and still be called a Republican.
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More shitty insults. Bush was a supply sider through and through. Reagan and bush did the exact same thing. cut taxes and increased spending.

his entire rational for cutting taxes was directly from the base supply side econ playbook reduce marginal rates productivity goes up and revenue increases except for the fact it doesn't.




and Super sorry I know according to you I'm not "allowed" to respond to buffalo's posts because of his reaction but fuck it that's on him not me.
 
Buffalo Roam said:
Either way George was no conservative supply sider.
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So using the base rational of supply side economics isn't enough to be a supply sider. Just because you can't deal with the fact your precious idealogy failed and is responsible for around 80% of the national debt doesn't mean the worst supply sider of them all not a supply sider.
 
pjdude1219 said:
you want to know how i can say it with a straight face I can read graph. The two times were we accrued the most debt was under Reagan and Bush 2 both supply siders.
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Why do you exclude the President who's shattered all previous spending records, Mr. Obama?
 
madanthonywayne said:
Why do you exclude the President who's shattered all previous spending records, Mr. Obama?
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If you want to keep being a mod I suggest you don't go about trying to be less intelligent and more dishonest than bufflaoroam you do that and you going to spawn even worse hate than sam did.


Obama had barely added anything to the debt that may change but shit even if Obama adds 7.5 trillion dollars to the debt bush and reagan would have still added more.


and may I ask how could he have shattered all previous spending records. Unlike buffalo I seriously doubt you honestly believe that Obama has already spent more in his first year than Bush did in 8.
 
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