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ORIGINAL: Musicmystery

Actually, the article itself answers his question. He just won't address it.

quote:


The math doesn't quite work, however.

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ORIGINAL: FirmhandKY

The Earth is neither flat nor round.

No matter how hard you wish it to be.

Firm

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ORIGINAL: FirmhandKY

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ORIGINAL: MrRodgers

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ORIGINAL: FirmhandKY

MM,

This "commentary" has been debunked quite well.

Basically, the Marketwatch guy twisted all the figures so hard they screamed in agony.

I think I even posted a detailed rebuttal, in some other thread.

As servant pointed out, how do you square the additional trillions in debt with reduced spending? On it's face, these claims don't pass any reasonable person's smell test.

Firm

Easy to explain. When one is left with in imbalance it remains until such drastic steps are taken necessary to reduce it. To reduce some of history's biggest spenders (i.e. W's spending) it can take a long time.

Those wars and drug benefits didn't stop when Obama took office, they still required revenue or borrowing. Add to that those so-called 'temporary' tax cuts that have been a whole lot less than temporary thanks to repub spenders in congress.

The trillion dollar deficits began under W and Obama isn't breaking the bank or starving the pentagon trying to balance it so the increases are reduced but the deficits remain until more can be cut without throwing us back into deep recession.

Nice words.

The math doesn't quite work, however.

Firm

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ORIGINAL: FMRFGOPGAL

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ORIGINAL: FirmhandKY

The Earth is neither flat nor round.

No matter how hard you wish it to be.

Firm

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ORIGINAL: Musicmystery

Obama spending binge never happened -- Government outlays rising at slowest pace since 1950s

From Market Watch:

Under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Even hapless Herbert Hoover managed to increase spending more than Obama has.

Here are the facts, according to the official government statistics:

• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

• In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.

• In fiscal 2011, spending rose 4.3% to $3.60 trillion.

• In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

• Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

There has been no huge increase in spending under the current president, despite what you hear.

Obama spending binge never happened

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ORIGINAL: LookieNoNookie

In my most drunken stupor....if someone hit me with a baseball bat (just prior to slipping 29 hits of the world's BEST LSD in my coffee), and JUST before I was tripping beyond any possible trip I could EVER experience....I'd know this wasn't true.

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ORIGINAL: servantforuse

That 16 trillion dollar debt really isn't there.

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ORIGINAL: FirmhandKY

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ORIGINAL: Musicmystery

Actually, the article itself answers his question. He just won't address it.

Actually, I've addressed it a couple of times. Once here, and once when the commentaries were first published.

However, some people have a vested interest in continuing to feed a specific narrative that meshes well with their own biases, and simply ignore actual facts.

Firm