Quote:
Originally Posted by Gozer
What "problem" ? Certainly not the deficit. Bush reduced revenues and his budget did not include the wars or his favourite social programs.
I understood "shapening up" to mean improving. Did I mis-interpret that?
Did you mean the economy was tanking and that somehow supports your assertion that Obama is responsible unemployment levels? |
No I meant "shaping up" to mean "forming". Obama walked into the Presidency fully aware of the challenge before him. He hasn't been up to the task.
I said earlier that Obama was responsible for unemployment going above 8%. He borrowed nearly a trillion dollars which future tax payers will be responsible for with the promise that this cash would keep unemployment under 8%. He was wrong and looking back it appears that much of it was ill spent with no chance of correcting the course of the economy.
Bush provided a budget to be voted on for every year he was in office. Sure he asked for money above the budget for the war and other expenses. That is far better than Obama operating without any budget at all. Some of Bush's faviourite social programs included: Aids drugs for Africa, Katrina relief and the formation Homeland Security.
How come does your chart show continuous if not slightly increasing war expenditures into 2019 when the largest of the 2 conflicts was winding down when Obama came into office? How do they know that so much future revenue will be lost without knowing the shape of the economy? Also, if the future economy is so rosy wouldn't the increased revenues from the current tax rates eat up a lot of the deficit? For that matter why show non taxed income as part of the deficit? It isn't unless you believe the government has some sort of right to it.
It is also, puzzling to see almost a consistant expenditure on recovery measures and an increase in economic downturn into 2019. Whoever made this chart doesn't have much hope for America. It is funny that someone would make that chart without knowing that the wars are over and the Bush tax cuts are about to expire.