Obama’s Spending Spree: By the Numbers
WaveCameCrashin
Posts: 2,929
How can anyone in their right mind to suppourt this . Especially if you have children, Because when they are in their late 20's they will be handing over anywhere from 60-80% of their paychecks to the federal gov. and thats not including state taxes. That means we will be working just to pay taxes.
"The debate going on between President Obama and Republican leadership is not just about them - it's about your lives. The arguments over deficits, taxes, entitlement programs and unions, have a direct affect on the way you and your children live". M. Levin
{Federal deficit on track for a record this fiscal year}
:shock:
http://www.washingtontimes.com/news/201 ... s-economy/
http://www.nationalreview.com/corner/25 ... rew-stiles
Obama’s Spending Spree: By the Numbers
February 14, 2011 12:40 P.M.
By Andrew Stiles
Here is President Obama’s budget for fiscal year 2012 (and outlook through 2021). And here is a look at some of the numbers that stand out:
$3.73 trillion — total spending this year (25 percent of GDP, highest levels since World War Two).
$46 trillion — total spending over the next decade.
$8.7 trillion — total new spending over the same period.
$26.3 trillion — Total new debt, including entitlement obligations, predicted by 2021.
$7.2 trillion — Total deficit predicted by the end of the decade.
$1.1 trillion — How much the White House estimates the proposal will reduce the deficit over the next ten years.
$4 trillion — How much the president’s deficit commission recommended reducing the deficit over the next ten years to avoid financial catastrophe.
$1.6 trillion — The projected annual deficit for 2011 (11 percent of GDP), up from $1.3 trillion in 2010.
$2 trillion — Amount the budget will raise taxes on business and upper-income families over the next ten years, which includes letting the Bush-era tax rates expire in 2012 (for incomes $250,000 and up).
$50 billion — Amount the administration plans to spend this year on infrastructure and transportation “investments.”
$30 billion — Amount dedicated to a “National Infrastructure Bank to invest in projects of regional or national significance to the economy,” including the much-touted high-speed rail initiative.
$77.4 billion — Funding allocated for the Department of Education, a 22 percent increase from 2010 levels, and a 35 percent increase from 2008 levels.
$29.5 billion — Total spending on the Department of Energy, a 22 percent increase from 2008 levels.
$9.9 billion — Funding allocated for the Environmental Protection Agency (EPA), a 30 percent increase from 2008 levels.
$150 billion — Total amount the White House plans to spend next year on research and development programs.
8.2 percent — Predicted unemployment rate in 2012.
Zero — Political risk the president was willing to assume by proposing meaningful reform to entitlement programs. That said, Republicans haven’t exactly been willing to stick their necks either, at least not yet.
"The debate going on between President Obama and Republican leadership is not just about them - it's about your lives. The arguments over deficits, taxes, entitlement programs and unions, have a direct affect on the way you and your children live". M. Levin
{Federal deficit on track for a record this fiscal year}
:shock:http://www.washingtontimes.com/news/201 ... s-economy/
http://www.nationalreview.com/corner/25 ... rew-stiles
Obama’s Spending Spree: By the Numbers
February 14, 2011 12:40 P.M.
By Andrew Stiles
Here is President Obama’s budget for fiscal year 2012 (and outlook through 2021). And here is a look at some of the numbers that stand out:
$3.73 trillion — total spending this year (25 percent of GDP, highest levels since World War Two).
$46 trillion — total spending over the next decade.
$8.7 trillion — total new spending over the same period.
$26.3 trillion — Total new debt, including entitlement obligations, predicted by 2021.
$7.2 trillion — Total deficit predicted by the end of the decade.
$1.1 trillion — How much the White House estimates the proposal will reduce the deficit over the next ten years.
$4 trillion — How much the president’s deficit commission recommended reducing the deficit over the next ten years to avoid financial catastrophe.
$1.6 trillion — The projected annual deficit for 2011 (11 percent of GDP), up from $1.3 trillion in 2010.
$2 trillion — Amount the budget will raise taxes on business and upper-income families over the next ten years, which includes letting the Bush-era tax rates expire in 2012 (for incomes $250,000 and up).
$50 billion — Amount the administration plans to spend this year on infrastructure and transportation “investments.”
$30 billion — Amount dedicated to a “National Infrastructure Bank to invest in projects of regional or national significance to the economy,” including the much-touted high-speed rail initiative.
$77.4 billion — Funding allocated for the Department of Education, a 22 percent increase from 2010 levels, and a 35 percent increase from 2008 levels.
$29.5 billion — Total spending on the Department of Energy, a 22 percent increase from 2008 levels.
$9.9 billion — Funding allocated for the Environmental Protection Agency (EPA), a 30 percent increase from 2008 levels.
$150 billion — Total amount the White House plans to spend next year on research and development programs.
8.2 percent — Predicted unemployment rate in 2012.
Zero — Political risk the president was willing to assume by proposing meaningful reform to entitlement programs. That said, Republicans haven’t exactly been willing to stick their necks either, at least not yet.
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Comments
problem solved...
anything else I can help you with...
Big
Ass
Mistake
America
Um no.. It's not that simple Normally I just ignore you because you never have anything intelligent to say. just the same old thing Bush- :evil: Bush :evil: Bush :evil: it's like you have Tourette's syndrome or something. You need to read more bcos you have not a clue.
Washington Has a spending problem. and let me ask you a question. When Bush was in office under what tax rate did you pay ?
That being said... this country is and HAS BEEN spending way too much for a long time.
54% of the federal tax dollar goes to the military.
Let's just cut out 90% of that, reduce taxes by 50%, and within 5 years the debt will be GONE. We do spend as much for our military as the next ten fucking countries COMBINED. So, I think we'll be okay.
Seems pretty simple... but I'm sure there are plenty of war hawks and other sociopaths who enjoy murder who will disprove of that concept.
The simplest ideas are always best. I wonder how many people would end up unemployed? Of course, it would be nice to have the engineers building something else...
ugh... :yawn:
why do you act like a little baby all the time...? seriously, if anyone disagree with you you cry like a 3 year old...or is you know I'm right and you can't have a proper answer...?
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
These are some of the numbers that stand out. What, You think they just made this up :?
Since you asked for it here it is.
http://www.whitehouse.gov/omb/budget/Overview
I don't doubt their accuracy... it is just that when we talk about billions and TRILLIONS of dollars it is so big of a number that it immediately inspires fear and means little without the corresponding income and alternatives and why we're spending that money, and who it benefits (jobs, etc).
why do you act like a little baby all the time...? seriously, if anyone disagree with you you cry like a 3 year old...or is you know I'm right and you can't have a proper answer...?[/quote
Crying
I challenge anyone who thinks they have the answer to find the NYT article where you can play budget creator and you have to balance the budget. Good luck with that. To think you can balance the budget and reduce the deficit by solely cutting domestic discretionary spending is dishonest.
Libtardaplorable©. And proud of it.
Brilliantati©
Oh well better late than never.
So should we just say SCREW IT !!!! and let the future generations deal with it ?
. Your right in some cases but we have been on this path for many years and my point is Obama and his predecessors haven't done a damn thing to stop it. and Obama has spent more in just 2 years than all the presidents combined. If that doesn't get your attention then I don't really know what else to say.
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
Anyway, the true test is will be when those demanding fiscal responsibility also turn their eye to the military budget as well as social programs. I have hope that the collective group will.
Anyway, the true test is will be when those demanding fiscal responsibility also turn their eye to the military budget as well as social programs. I have hope that the collective group will.[/quote
:thumbup: exactly...
:? I don't understand why you need my personal information...?
I think you're just being obtuse...(<---Google it)
I disagree. Obama destroyed the country in 18 months. Bush II was a great President and Americans never lived better. Clinton only balanced the budget because he had a Rep. congress and he got lucky with the dot.com boom. Bush I continued the flawless programs put forth by Reaganomics, which he himself labeled voodoo economics. Reagan saved the economy and the poor and lower class thrived under him. None of these presidents that came before Obama overspent, nor did any of them lead the country into the red.
Again, Obama destroyed the country in 18 months as everyone said in the summer of 2010
Yum. Kool-aid
"It was an experiment," said Alan Auerbach, a professor of economics at UC Berkeley. "No one before Reagan had ever run such huge deficits during peacetime. He showed that you could smile and tell everyone not to worry and, politically, no one will call you to account."
This lesson clearly wasn't lost on the current occupant of the White House, who has followed the Reagan economic playbook virtually step by step in taking a budget surplus and turning it into a deficit this year of more than $520 billion, or 4.5 percent of GDP.
This article is from 1994. Who is responsible for the current mess? Can we please stop holding Reagan up as the greatest president ever? He did more to destroy the middle class through his tax increases on the middle class than any president before or since. And his deficit spending was the playbook that every republican since has emulated. I hope you like 20% to 25% unemployment as that is what we'll have if the government were to stop spending.
What's in your Kool Aide?
Libtardaplorable©. And proud of it.
Brilliantati©
Somehow the gop has them fooled tehm and got them to vote AGAINST their own interests.
God, Guns, Gays, Freedom, USA! USA! USA! and Taxes makes them unable to think for themselves.
W. orst mistake ever.
In the documentary 'South of the Border' the former President of Argentina Néstor Kirchnern mentions a meeting he had with George W. Bush about the economy:
Néstor Kirchner: "He [Bush] said the best way to revitalize the economy is war, and that the United States has grown stronger with war".
Oliver Stone: "He said that"?
Néstor Kirchner: "He said that. Those were his exact words".
ewww seriously?
YEEEEEEHHHHAAAAAAWWWWWWW
Military Math!
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
I am actually having trouble verifying that number...
http://www.cbpp.org/cms/index.cfm?fa=view&id=1258
Of that $3.6 trillion, almost $2.2 trillion will be financed by federal tax revenues. The remaining $1.4 trillion will be financed by borrowing; this deficit will ultimately be paid for by future taxpayers.
so if the budget is made up of 2.2 trillion in tax revenue, that would mean that they spend 1.18 trillion of tax payer dollars on the military...care to back that up? I am interested to see where you got that number from
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
Oh man... it's almost scary to see how by just stoking their homophobic and xenophobic nature, people are willing to vote for the GOP who have shown over and over again that their only mandate is to make the rich richer and the poor poorer.
And then you have idiots actually defending them and saying things you know they don't even believe.