Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

  1. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    They should look at the CBO charts to keep things in perspective

    CBO chart showing the portion of the annual deficit attributable to the conflict:

    But there is much more to be said of this data and Hoven does an admirable job of summarizing the highlights of such an analysis:

    * Obama's stimulus, passed in his first month in office, will cost more than the entire Iraq War -- more than $100 billion (15%) more.

    * Just the first two years of Obama's stimulus cost more than the entire cost of the Iraq War under President Bush, or six years of that war.

    * Iraq War spending accounted for just 3.2% of all federal spending while it lasted.

    * Iraq War spending was not even one quarter of what we spent on Medicare in the same time frame.

    * Iraq War spending was not even 15% of the total deficit spending in that time frame. The cumulative deficit, 2003-2010, would have been four-point-something trillion dollars with or without the Iraq War.

    * The Iraq War accounts for less than 8% of the federal debt held by the public at the end of 2010 ($9.031 trillion).

    * During Bush's Iraq years, 2003-2008, the federal government spent more on education that it did on the Iraq War. (State and local governments spent about ten times more.)

    Just some handy facts to recall during coming weeks as Obama and his congressional Democratic buddies get more desperate to put the blame for their spending policies on Bush and the war in Iraq



     
  2. You have chosen to ignore posts from SAC12345. Show SAC12345's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    that chart isn't very helpful unless it breaks all of the spending categories down.
     
  3. You have chosen to ignore posts from WhatIsItNow. Show WhatIsItNow's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    In Response to Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........:
    They should look at the CBO charts to keep things in perspective CBO chart showing the portion of the annual deficit attributable to the conflict: But there is much more to be said of this data and Hoven does an admirable job of summarizing the highlights of such an analysis: * Obama's stimulus, passed in his first month in office, will cost more than the entire Iraq War -- more than $100 billion (15%) more. * Just the first two years of Obama's stimulus cost more than the entire cost of the Iraq War under President Bush, or six years of that war. * Iraq War spending accounted for just 3.2% of all federal spending while it lasted. * Iraq War spending was not even one quarter of what we spent on Medicare in the same time frame. * Iraq War spending was not even 15% of the total deficit spending in that time frame. The cumulative deficit, 2003-2010, would have been four-point-something trillion dollars with or without the Iraq War. * The Iraq War accounts for less than 8% of the federal debt held by the public at the end of 2010 ($9.031 trillion). * During Bush's Iraq years, 2003-2008, the federal government spent more on education that it did on the Iraq War. (State and local governments spent about ten times more.) Just some handy facts to recall during coming weeks as Obama and his congressional Democratic buddies get more desperate to put the blame for their spending policies on Bush and the war in Iraq
    Posted by sk8ter2008



    Handy facts to recall..... ?   We know that Obama ran huge deficits.  That's not the question.

    The question is: How much was necessary and how much was Bush's fault?

    The vast majority of economists - indeed just about all of them - agree that the Obama stimulus was necesary.  In fact, that it was too small.  Oops, there goes that critique.

    Why so much other spending?  Might it have to do with inheriting:  Bush's 3 trillion perscription plan, inherting two wars, Bush's tax cuts, financial collapse helped by deregulation? 

    Not to Republicans.  They'd prefer to re-write history.

     Remember in November allright.

    As for Sk8?  Well, he'll just spam another thread saying the same thing tomorrow.
     
  4. You have chosen to ignore posts from Mattyhorn. Show Mattyhorn's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    ergo, the stimulus...

     
  5. You have chosen to ignore posts from E-. Show E-'s posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    It's Bush's fault people are aging...: )
     
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  7. You have chosen to ignore posts from SAC12345. Show SAC12345's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    In Response to Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........:
    In Response to Before anyone tries to blame the economy and deficits on Bush and the Iraq war......... : Handy facts to recall..... ?   We know that Obama ran huge deficits.  That's not the question. The question is: How much was necessary and how much was Bush's fault? The vast majority of economists - indeed just about all of them - agree that the Obama stimulus was necesary.  In fact, that it was too small.  Oops, there goes that critique. Why so much other spending?  Might it have to do with inheriting:  Bush's 3 trillion perscription plan, inherting two wars, Bush's tax cuts, financial collapse helped by deregulation?  Not to Republicans.  They'd prefer to re-write history.  Remember in November allright. As for Sk8?  Well, he'll just spam another thread saying the same thing tomorrow.
    Posted by WhatIsItNow


    The tax cuts placed a huge burden on our budget, and are mostly responsible for the deficit. It is just basic economics. You can't increase spending and reduce income, and expect to have a balanced budget. People might not always like them, but taxes are what it takes to be a super power. You want to be able to brag about how great America is? Then you need to pay some taxes. We are in serious danger of losing our place in the world.
     
  8. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    "The vast majority of economists - indeed just about all of them - agree that the Obama stimulus was necesary.  In fact, that it was too small.  Oops, there goes that critique."

    Oops is right, what a crock.
    The very definition of HUBRIS:
    "the vast majority of liberal Keynesian economists who work for the government and/or predicted unemployment would stay below 8% due to the stimulus, now say the stimulus didn't work....because it was too small !"


    One trillion dollars of wasteful pork-barrel spending for favored liberal interest groups.
    Maybe it didnt work, because it didnt work. But at least they stole a trillion to give to their friends.
     
     
  9. You have chosen to ignore posts from lesvalseuses. Show lesvalseuses's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    Ok Boys. Instead of throwing mud, stones, and cheering for the failure of Obama and thus our nation, put on your thinking cap. 

    You're the new president of the country, it's January 21, 2009. 

    You face two inherited wars, and a teetering economy. 

    Tell us what you would do, would have done, to right the ship of state. 

    How would life be different and better? 

    Meter's running. 
     
  10. You have chosen to ignore posts from WhatIsItNow. Show WhatIsItNow's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    In Response to Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........:
    "The vast majority of economists - indeed just about all of them - agree that the Obama stimulus was necesary.  In fact, that it was too small.  Oops, there goes that critique." Oops is right, what a crock. The very definition of HUBRIS: "the vast majority of liberal Keynesian economists who work for the government and/or predicted unemployment would stay below 8% due to the stimulus, now say the stimulus didn't work....because it was too small !" One trillion dollars of wasteful pork-barrel spending for favored liberal interest groups. Maybe it didnt work, because it didnt work. But at least they stole a trillion to give to their friends.  
    Posted by BobinVa


    LOL.  Like all the republicans happily applying for and pocketing stimulus money?  What amoral and immoral liars your party is made up of.

    (And nice lie.  Most economists were saying the stimulus needed to be larger AT THE TIME; Obama was the one stupid enough to peg it to an 8% figure.  That doesn't mean it "failed" - that means naming a particular figure was stupid).


    Of course, you can't face the reality that obama's deficits are almost entirely from: Stimulus + Effect of Bush policies.

    Bobin,


    Your comment reminds me of Shakespeare: "The lady doth protest too much, methinks."
    Posted by Newtster



     
  11. You have chosen to ignore posts from kmatthew68. Show kmatthew68's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    In Response to Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........:
    They should look at the CBO charts to keep things in perspective CBO chart showing the portion of the annual deficit attributable to the conflict: But there is much more to be said of this data and Hoven does an admirable job of summarizing the highlights of such an analysis: * Obama's stimulus, passed in his first month in office, will cost more than the entire Iraq War -- more than $100 billion (15%) more. * Just the first two years of Obama's stimulus cost more than the entire cost of the Iraq War under President Bush, or six years of that war. * Iraq War spending accounted for just 3.2% of all federal spending while it lasted. * Iraq War spending was not even one quarter of what we spent on Medicare in the same time frame. * Iraq War spending was not even 15% of the total deficit spending in that time frame. The cumulative deficit, 2003-2010, would have been four-point-something trillion dollars with or without the Iraq War. * The Iraq War accounts for less than 8% of the federal debt held by the public at the end of 2010 ($9.031 trillion). * During Bush's Iraq years, 2003-2008, the federal government spent more on education that it did on the Iraq War. (State and local governments spent about ten times more.) Just some handy facts to recall during coming weeks as Obama and his congressional Democratic buddies get more desperate to put the blame for their spending policies on Bush and the war in Iraq
    Posted by sk8ter2008

         
        There is kind of a huge problem with his graph. For those who can't figure it out, when counting costs for the Iraq War, he's only including the War supplementals. He's not counting the major increases in the general military budget nor the future costs of replacing used military equipment nor the staggering veteran benefits costs that we will be paying for decades. Besides, unlike the Iraq War the stimulus was actually necessary. When there is 0 aggregate private demand for two years running stimulus becomes necessary. Even Mitt Romney realized the importance of the stimulus before was against it.
     
  12. You have chosen to ignore posts from movingtarget2. Show movingtarget2's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    Something wrong with that chart.  Its a bit basic, but the numbers imply that the Iraq war costs only 75 to 120 billion a year.  Every number I've heard has it considerably higher.  Also, the Obama stimuls cost $375 billion.  In no way can one look at that chart and say the stimuls cost more than the war. 

    I would also add that the economic cost of having 100,000+ reservists fighting a war is worth at least 2 tenths of a percent of GDP.  People forget that all too easily.  Before the recession this was a bigger deal as it was more measurable.
     
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  14. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    Obviously.........the truth hurts. 8)
     
  15. You have chosen to ignore posts from JaySev2010. Show JaySev2010's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    In Response to Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........:
    Obviously.........the truth hurts. 8)
    Posted by sk8ter2008


    Yes the truth. You know that is just what I was thinking when you posted hoax documents accusing senators of being members of the socialist party.
     
  16. You have chosen to ignore posts from movingtarget2. Show movingtarget2's posts

    Re: Before anyone tries to blame the economy and deficits on Bush and the Iraq war.........

    Don't blame him, blame the handler who prepared it for him.  Boater's just doing his job.  Literally.
     
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