Visualizing budget cuts
- Thread starter futurebeachbum
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As a Numismatic I am highly offended! Still getting over the Euro!Absolutely, if it were up to me, they'd quit making them.
Debt or deficit? I think you meant debt. Here's the growth under this administration and congress thus far. They are doing a bang up job, don't you think?
Great graph, now show the trend line from the mid 90's to Dec. 08
I'm interested in that, too. It's not out of a need to bash Bush or any other president. I'd simply like to know the facts. My understanding, which I'm not sure is correct, is that Ronald Reagan was the first modern president to start ramping up the debt. Anyone out there have the facts?
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.
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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?
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?
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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.