Visualizing budget cuts

Hmmm... large upward trend in Reagan years, and again in Bush years...it looks like it was going straight up when Obama took office... must of been the Republican-led economic collapse of '07 and '08.

Yep. I guess that's the green light this administration needed to make things much much worse. I'll drop the subject. Obama supporters obviously feels this is completely acceptable practice.

So what should our goal be for debt held by the public at the end of Obama's first term? Are we going to go for 12 trillion? That seems kind of lame. We could bump it up, go for maybe 14 trillion. Imagine the unemployment and healthcare funding checks we could write with all that money. Where do both of you want to see that number in another two years?

The only real downturn lately was in the 90's with a democrat POTUS and a republican congress. Let's hope we get a repeat in November.

Yep. I guess that's the green light this administration needed to make things much much worse. I'll drop the subject. Obama supporters obviously feels this is completely acceptable practice.

So what should our goal be for debt held by the public at the end of Obama's first term? Are we going to go for 12 trillion? That seems kind of lame. We could bump it up, go for maybe 14 trillion. Imagine the unemployment and healthcare funding checks we could write with all that money. Where do both of you want to see that number in another two years?

A very large portion of the debt has to do with the Three Trillion Dollar War, the bailouts initiated at the end of the Bush era, and the fact that the economy collapsed at the end of the Bush administration, with resultant loss of revenue. Obama has had no choice, and you know it. No one wants the numbers to go higher, but if you review the graph above, you will see that it never did drop like a rock, and without a strong economy it simply won't head down.

I think the overarching lesson from that graph is that Republican administrations are not more fiscally responsible than Democratic administrations.

I find this graph so interesting, I want to view it again.

A very large portion of the debt has to do with the Three Trillion Dollar War, the bailouts initiated at the end of the Bush era, and the fact that the economy collapsed at the end of the Bush administration, with resultant loss of revenue. Obama has had no choice, and you know it. No one wants the numbers to go higher, but if you review the graph above, you will see that it never did drop like a rock, and without a strong economy it simply won't head down.

I think the overarching lesson from that graph is that Republican administrations are not more fiscally responsible than Democratic administrations.

But republican congresses generally are.

A very large portion of the debt has to do with the Three Trillion Dollar War, the bailouts initiated at the end of the Bush era, and the fact that the economy collapsed at the end of the Bush administration, with resultant loss of revenue. Obama has had no choice, and you know it. No one wants the numbers to go higher, but if you review the graph above, you will see that it never did drop like a rock, and without a strong economy it simply won't head down.

I think the overarching lesson from that graph is that Republican administrations are not more fiscally responsible than Democratic administrations.

Ok, I get it. Obama has no choice. He's powerless to stop it. So where do you think the Bush administration will push the current public debt to over the next few years?

Ok, I get it. Obama has no choice. He's powerless to stop it. So where do you think the Bush administration will push the current public debt to over the next few years?

Your sarcasm is well noted. Please offer some plan to lower the debt, because nobody in congress is doing so. We need to cut military spending by 10% and entitlements by 10%. And I'm not joking.

Your sarcasm is well noted. Please offer some plan to lower the debt, because nobody in congress is doing so. We need to cut military spending by 10% and entitlements by 10%. And I'm not joking.

Unfortunately that only scratches the surface, you're going to have to cut deeper.

Here's [strike]Obama's[/strike] Bush's 2010 budget.

2.381 trillion in, 3.55 trillion out.

[ame="http://en.wikipedia.org/wiki/2010_United_States_federal_budget"]2010 United States federal budget - Wikipedia, the free encyclopedia[/ame]