patrick.net

edvard2 says

closely match the actual needs

According to who? I don't care what kind of spending, earmarks, social, war, any reduction is good.

For a guy who talks about it doesn't matter which party, you speak from a left leaning perspective.

indigenous says

According to who? I don't care what kind of spending, earmarks, social, war, any reduction is good.

For a guy who talks about it doesn't matter which party, you speak from a left leaning perspective.

Surprise surprise I am unapologetically liberal. But what I was getting at was that yes- spending in indeed a problem. But reducing spending is one half of the problem. Some of that spending is waste. Some of it is legit. But spending is also a problem because our tax system ensures a continual deficit in total government income, which leads to financial problems. So its a two-edged problem: Cut spending, correct the income problem. The two go hand in hand.

edvard2 says

correct the income problem

Like borrowing to meet the budget?

indigenous says

Like borrowing to meet the budget?

No... that's not what I was saying. Correct the income problem by correctly taxing the population, not the bass-ackwards way its done today.

edvard2 says

There are those who think anything Bush did was absolutely perfect in every way and that somehow his Presidency was the darling of conservatism. The exact same for those who are Obama supporters who have the very same opinions.

Well no. If you actually read the thread, you will see that every one of us who is debunking the "Bush was better" meme have said we most definitely don't think Obama is perfect. We just think it's ridiculous to say that Bush, who is likely one of, if not THE worst president in history, was a better president than Obama.

Call it Crazy says

What does the picture have to do with it?

Ahhh... I knew you were too stupid to understand it...

Typical...

Translation: You have no answer. LOL.

zzyzzx says

Obligatory:

Bush sits with his thumb up his ass while the nation is under attack:

http://www.youtube.com/embed/ro3o-ld0CWw

http://www.youtube.com/embed/KjmjqlOPd6A

He got all of you liberals fooled with his spending...

Sure sounds like a democrat.

bob2356 says

I'm sorry, exactly how does obama's 4 trillion increased debt, increased money supply, and direct government spending differ from bush's 4 trillion increased debt, increased money supply and direct government spending?

. . .

http://research.stlouisfed.org/fred2/graph/?g=D6p

shows our borrowing binge came 100% on Bush's watch

Bush also drove up DOD spending monstrously, while Obama has managed to get it cut:

http://research.stlouisfed.org/fred2/graph/?g=D6s

Like Clinton, Obama only enjoyed "control" of Congress for the first two years.

Clinton's Congress made the mistake of raising taxes on everyone; Obama's Congress made the mistake of doing ObamaCare the first two years instead of really putting the balls to the wall wrt jobs.

http://research.stlouisfed.org/fred2/graph/?g=D6w

shows we're still ~10M jobs short of peak employment reached in the 1990s.

with mfg:

http://research.stlouisfed.org/fred2/series/MANEMP

responsible for most of that.

I was talking about QE. I notice that the borrowing did not slow down under O

Bellingham Bill says

shows we're still ~10M jobs short of peak employment reached in the 1990s.

with mfg:

That is cherry picking numbers as much of manufacturing has been automated as well as off shored. That number is also worse because the population has grown in 4 years.

Not that Bush is anything to brag about but the single greatest killer of the economy is bailing out the banks through continued QE, Bush started it and O has continued it.