Standup Economist: On politics and the federal budget

bobknight33says...

You have some good links, thanks. It clearly points out that both parties spend like there is no tomorrow. Nothing like spending others people money.

Thank GOD that the TEA PARTY was able to infiltrate the Republican party and start holding these jackals feet to the fire. Hopefully the Democrats can get some TEA PARTY members on their side and together the TEA PARTY can stop this wasteful spending. >> ^NetRunner:

>> ^bobknight33:
To see how much the Government spends click the link
What 15 trillion dollars look like.

Where the debt actually came from:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3490
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms


longdesays...

Yeah those patriots, who would kill our country to save it. Those brave men who want to sink our economy, estinguish our good credit, and topple the dollar from its position as the worlds default reserve currency.

My 401k, house value, and weak dollar all thank these principled, delusional, stupid men. May they burn in hell for what they are doing.>> ^bobknight33:
You have some good links, thanks. It clearly points out that both parties spend like there is no tomorrow. Nothing like spending others people money.
Thank GOD that the TEA PARTY was able to infiltrate the Republican party and start holding these jackals feet to the fire. Hopefully the Democrats can get some TEA PARTY members on their side and together the TEA PARTY can stop this wasteful spending. >> ^NetRunner:
>> ^bobknight33:
To see how much the Government spends click the link
What 15 trillion dollars look like.

Where the debt actually came from:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3490
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms


NetRunnersays...

>> ^bobknight33:

You have some good links, thanks. It clearly points out that both parties spend like there is no tomorrow. Nothing like spending others people money.
Thank GOD that the TEA PARTY was able to infiltrate the Republican party and start holding these jackals feet to the fire. Hopefully the Democrats can get some TEA PARTY members on their side and together the TEA PARTY can stop this wasteful spending. >> ^NetRunner:
>> ^bobknight33:
To see how much the Government spends click the link
What 15 trillion dollars look like.

Where the debt actually came from:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3490
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms




Kinda not sure what you're talking about.

The first link shows that the deficit would be 0 if we unwound everything Bush did, and the second one shows that the bulk of the debt we have today was the result of Reagan, George H.W. Bush, and George W. Bush, and that Obama will be the first Democrat since FDR to preside over a deficit, and yet it'll still be a smaller one than Reagan ever ran...

The biggest source of debt is tax cuts, starting with Reagan. Clinton got the budget balanced with tax increases and spending cuts, Bush & the Republicans unbalanced it again with tax cuts.

Democrats have essentially always cared about debt and deficits more than anyone else. Look back at historical campaigns, even as far back as the 19th century.

This link was broken the other day, but here's what our future deficit problems are being caused by:

http://www.offthechartsblog.org/what%E2%80%99s-driving-projected-debt/

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