Why am I smirking?

[GoldenRivet]

Originally Posted by Turbografx

Watch it with the pseudo-racism (hell, outright racism).

Anyway, as a political outsider (I didn't vote dem or rep, I didn't like either of the candidates), I still think Obama has a way to go before he has reached G.W. Bush levels of government spending and growth.

Also, the problems he inherited contribute towards his criticism.

ill just point you to this HIGHLY entertaining thread

http://www.subsim.com/radioroom/showthread.php?t=169112



and yeah.... Trillion dollars in the first year... thats similar to billion only with a T and a few extra zeroes.

personally i dont think BO has a long way before he outspends Bush + every other president combined

[Turbografx]

Originally Posted by GoldenRivet

ill just point you to this HIGHLY entertaining thread

http://www.subsim.com/radioroom/showthread.php?t=169112



and yeah.... Trillion dollars in the first year... thats similar to billion only with a T and a few extra zeroes.

personally i dont think BO has a long way before he outspends Bush + every other president combined

Rather than reverting to jokes and conjecture, lets looks at some figures.

http://mercatus.org/publication/spending-under-president-george-w-bush?id=26426

During his eight years in office, President Bush oversaw a large increase in government spending. In fact, President Bush increased government spending more than any of the six presidents preceding him, including LBJ. In his last term in office, President Bush increased discretionary outlays by an estimated 48.6 percent.
During his eight years in office, President Bush spent almost twice as much as his predecessor, President Clinton. Adjusted for inflation, in eight years, President Clinton increased the federal budget by 11 percent. In eight years, President Bush increased it by a whopping 104 percent.

I remember the total expenditure of the last administration was $11.5 trillion.

So far Obama has spent/earmarked approximately $2.6 trillion. If he serves two terms, and spends the same amount each year (which wouldn't make sense, seeing as almost 1 trillion was one time stimulus money), he would spend 10.4 trillion.

[GoldenRivet]

Turbo


now you see the point. Im elated.

government

spending

is

out

of

control

and

unsustainable

it has been... FOR DECADES

The TEA party is not an anti-Obama thing so much as it is an anti outrageous government spending venture.

if it were up to me, Bush, Pelosi, Reed, Obama and all the others would be blasted off to outer space

[August]

Originally Posted by Turbografx

So far Obama has spent/earmarked approximately $2.6 trillion. If he serves two terms, and spends the same amount each year (which wouldn't make sense, seeing as almost 1 trillion was one time stimulus money), he would spend 10.4 trillion.

Except that it is not the President who spends the money, but rather the US Congress which sort of blows your whole theory.

[Platapus]

Originally Posted by August

Except that it is not the President who spends the money, but rather the US Congress which sort of blows your whole theory.

Don't go bringing in facts in to the discussion. They are on a roll.

[August]

Originally Posted by Platapus

Don't go bringing in facts in to the discussion. They are on a roll.

It can be therapeutic.

[Aramike]

It's kinda both, isn't it? Congress' budget is ultimately approved by the President.

It's akin to saying that the CEO isn't responsible for a company's spending but rather the budget team which came up with the numbers was. Ultimately the buck stops somewhere.

But in any case, you're absolutely right, August - this Congress is a disaster.

[August]

Originally Posted by Aramike

It's akin to saying that the CEO isn't responsible for a company's spending but rather the budget team which came up with the numbers was. Ultimately the buck stops somewhere.

I don't know if that's really an accurate analogy Mike. A budget team are just employees that can be hired and fired by the CEO. I'd think a closer match would be a board of directors with direct budgetary control.

[Platapus]

Originally Posted by Aramike

It's kinda both, isn't it? Congress' budget is ultimately approved by the President.

Nope, the other way around.

The President submits his budget for the Executive Branch. The Judicial Branch also submits their budget.

Congress is the authority to approve the budget. The President frequently asks for budgets that are disapproved.

Congress has its own budget and guess who is the authority to approve congressional budgets?

Congress - hence the problem

But in no way, would the President be allowed to approve or disapprove of the legislative branch's budget.