Tea Party Grit Saved Nation at least Half-Trillion in New Debt

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

    Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    http://www.breitbart.com/Big-Government/2013/08/26/Tea-Party-Saved-Half-Trillion-in-Debt

    Perhaps anticipating its new life in the Bezos' world, the Washington Post on Sunday put on its green-eye-shade to tally up the books for the federal government. It noted that federal spending was down just $2 billion since 2010, when the Republicans, and the Tea Party, took control of the House. While implicitly trying to minimize the impact of the Tea Party, the Post ignored where spending would be without the healthy dose of austerity. Based on a decade-long trend-line, the influence of the Tea Party didn't just trim $2 billion from the budget but avoided almost $500 billion in new debt. 

    Since the turn of the new century, government spending has increased an average 6% a year. Applying this historical trend to the Post's 2010 baseline number indicates that federal spending would be about $430 billion higher than it is today. Even this might be underestimating the impact of the Tea Party revolution. 

    In the four years that Democrats had complete control of Congress, federal spending increased by an average 9% a year. If the Democrats had maintained control of Congress after the 2010 elections, this trend would put spending over $4.1 trillion today. All things being equal, the federal debt would be $700 Billion higher than it is today.

    The Post does get one thing right, however. We are nowhere close to tackling our fiscal problems. People can scream about earmarks, subsidies and wasteful spending until they are blue in the face, but those are almost a rounding error in terms of our budget. More than two-thirds of all federal spending is on entitlements or other redistribution schemes. Social Security, Medicare and Medicaid consume almost all federal tax dollars.

    Outside of those three programs, our government spent $1.2 trillion last year. That includes the military, highways, FBI, the courts, farm programs, food stamps and all the federal agencies. Our deficit last year? $1.1 trillion. Essentially, we spent all federal tax revenue writing checks to people and borrowed money to fund the things we think government ought to do. 

    So, yes, we have a long way to go.

     
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  3. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    2010 is also when gdp growth and employment numbers started to flatten out.  Co-incidence?

    Using 2006 - 2010 as a baseline for spending increase in dishonest, unless you think we need another TARP and a second stimulus.

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to A_Concerned_Citizen's comment:

    If the whackjob wingnuts had done absolutely nothing from the end of Clinton's term to today, the national debt would've been PAID OFF IN TOTAL!!!

     

    Good job morons!!!!



    Hey, the House has done nothing this term, passed little legislation. You should be happy, then !!!!

    You are clearly incoherent, switching sides on a whim in order to attack Republicans. Pathetic.

     
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  9. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to chiefhowie's comment:

    "We The People" are for the people of the USA. It is sad we were taken over by a GITM nation.

    The battle is starting again against the Dome. I hope people have learned it's not a game.

    Printing more money will not work. One of MY Dogchester Friends told me she has had enough.

    She is on a 30hr week now > LPN.

    I have hope for change 2014. States Rights will return.

     




    Yep.  You got it.

    How sane is it when government puts so many citizens out to pasture or on 30 hour weeks, and in the same breath demand we open the borders and let low functioning illegal labor flood our economy?

    Government at this point is working against the interests of the people.  But let's be clear:  This is not an Obama problem.  Remember who George Bush was with on Sept 10th, 2001, and what he was discussing: Vincente Fox, and discussing his support for Comprehensive immigration reform.

    Lacking a smack in the face like 911, the political class reverts to nonsense like illegal immigration.

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to ComingLiberalCrackup's comment:

    In response to A_Concerned_Citizen's comment:

     

    If the whackjob wingnuts had done absolutely nothing from the end of Clinton's term to today, the national debt would've been PAID OFF IN TOTAL!!!

     

    Good job morons!!!!

     



    Hey, the House has done nothing this term, passed little legislation. You should be happy, then !!!!

     

    You are clearly incoherent, switching sides on a whim in order to attack Republicans. Pathetic.



    When you run a budget deficit, doing nothing leads to more debt.  When you run a surplus, it leads to less debt. 

     

     
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  12. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    Psst...my posts get reported too. So stop with the whiny victim complex

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to WhatDoYouWantNow's comment:

     

    Oh, ok CLC.

     

    And if Obama hadn't taken power the Republican trend of starting wars while cutting taxes would have continued, leaving us with two more Iraq-type engagements, which would cost far more. And then there would be more revenue-depleting tax cuts on top. We would be 50 trillion in debt!

     

    Crystal balls are fun.

     




    Revisionist history is even fun-erer.

     

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to WhatDoYouWantNow's comment:

    In response to skeeter20's comment:

     

    Revisionist history is even fun-erer.

     



    You mean Bush didn't cut taxes despite launching two wars?

     

     

    Don't answer.



    No, I must.

    Did Obama not get us into any "wars"?  Is his foreign policy going swimingly?

    Look at the Middle East under Bush, and look at it under Obama.

    There's your answer.

     

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to skeeter20's comment:

    In response to WhatDoYouWantNow's comment:

     

    In response to skeeter20's comment:

     

     

     

    Revisionist history is even fun-erer.

     

     



    You mean Bush didn't cut taxes despite launching two wars?

     

     

     

    Don't answer.

     



    No, I must.

     

    Did Obama not get us into any "wars"?  Is his foreign policy going swimingly?

    Look at the Middle East under Bush, and look at it under Obama.

    There's your answer.

     



    If turmoil in the Middle East makes for bad foreign policy, what President was successful?

    You know Iraq is in the Middle East, right?

     
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  18. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to A_Concerned_Citizen's comment:

    In response to skeeter20's comment:

     

    Did Obama not get us into any "wars"?  

     




     

    Nope.

    Words have meaning.

    War is an organised and prolonged armed conflict.

    War should be understood as an actual, intentional and widespread armed conflict between political communities.



    You are right that words have meaning.  heres the actual definition, or meaning of War:

          a state of armed conflict between different nations or states or different groups within a nation or         state.

    Which doesn't line up with your definition.  But, there is a reason I put it in quotes originally.  It is because of the hair-splitting on the use of the term.  I guess it would be better to broaden the term to "engaged".  Under Obama, we are "engaged" in conflicts in Egypt, Libya, Syria, Iraq, Afghanistan, some country in sub africa that escapes me at the moment. So, I think think the point is that Obama has expanded the engagement protfoio, not reduced it. 

    So, to present a comment that Bush was all over this stuff, and Obama is some sort of peacenik, well, that's revisionist history at it's best.

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to WhatDoYouWantNow's comment:

    In response to skeeter20's comment:

     

    Revisionist history is even fun-erer.

     



    You mean Bush didn't cut taxes despite launching two wars?

     

     

    Don't answer.



    I will gladly answer.

    First of all, name a Democrat who opposed the Afghan war after 9/11. Obama called it the "good war". Obama has continued the Afghan War , neither winning NOR withdrawing yet, for 5 years...does he own any part of it? (Did Nixon get a pass on the Vietnam War because JFK and LBJ started it?)

    Second, it is a myth that the Iraq War and tax cuts caused the deficit crisis..

    • Just the first two years of Obama’s stimulus cost more than the entire cost of the Iraq War under President Bush.
    • 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.)
     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    The pie chart below breaks down the major components of the $11.8 trillion swing from surpluses to deficits over the ten year period 2002 to 2011. Higher spending turns out to be the largest factor erasing those surplus projections, comprising 44 percent of the ten-year swing. Over the past ten years, spending was $5.2 trillion higher than what CBO projected it would be in 2001. [These figures include the interest costs associated with the higher spending]. Discretionary spending accounts for 68 percent of this total.

    Contributing roughly equally to the $11.8 trillion swing were economic and technical corrections (i.e. forecasting errors) and tax cuts, each accounting for 28 percent of the change. The Bush-era tax cuts (2001, 2003, and 2004) comprise just 16 percent, or $1.8 trillion, of the overall swing from surpluses to deficits [including interest costs]. The other tax cuts, such as the 2008 and 2010 stimulus bills, contributed about 12 percent to the deficit swing.   

     
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    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    In response to ComingLiberalCrackup's comment:

    In response to WhatDoYouWantNow's comment:

     

    In response to skeeter20's comment:

     

    Revisionist history is even fun-erer.

     



    You mean Bush didn't cut taxes despite launching two wars?

     

     

    Don't answer.

     



    I will gladly answer.

     

    First of all, name a Democrat who opposed the Afghan war after 9/11. Obama called it the "good war". Obama has continued the Afghan War , neither winning NOR withdrawing yet, for 5 years...does he own any part of it? (Did Nixon get a pass on the Vietnam War because JFK and LBJ started it?)

    Second, it is a myth that the Iraq War and tax cuts caused the deficit crisis..

    • Just the first two years of Obama’s stimulus cost more than the entire cost of the Iraq War under President Bush.
    • 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.)



    Only a lunatic would argue that the Iraq fisco wasn't expensive because we spend more on medical care for our elderly, educating our youth, and stimulating an economy out of a recession.

    Seriously...Even if that nonsense were true, you should seek help.

     

     
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  23. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Tea Party Grit Saved Nation at least Half-Trillion in New Debt

    Completely stupid premise.  To assume government spending would continue to increase at the same rate was idiotic.  There was this thing called the "stimulus".  It was a TEMPORARY increase in government spending.   There were these 2 things called WARS, one of which is over.

    If anything, the American Taliban slowed the rate of economic growth.  Job growth was slowed.  Wage growth slowed.

    And had it not been for the American Taliban, some of the temporary tax cuts of the Bush years would not have been extended.

     
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