Current Events — HabitableZone

Current Events » in reply to If you have I missed it. I usually only read a fraction of the posts here

Sorry.

I clipped my post after I posted it, but I know what you were answering.

You point out that we are $400 billion more in debt every year. All Bush's fault, of course.

And a few comments up I pointed out that spending right now is $500 billion plus more than it was in 2008. There was a chart showing this sharp level change. It's the second time I posted it.
You don't see any connection?

None of this is critical, essential, temporary spending. It's the government simply ratcheting up an emergency level to permanent baseline status. Because they can.

Look at that chart again. You like Clinton, right? See the level changes under him (and Gingrich)? How much of the prosperity of those years was due to government spending and growth? Pretty much none. It's not the driver of prosperity, and never has been. I would gladly take 90s tax rates back in trade for 90s spending levels. A trillion dollars less per year than we're spending now. In 1972 a trillion dollars was the whole damn budget.

Spend some time with the CBO analysis of Obama's very own budget. Permanent deficits and a budget that climbs another $2 trillion a year over the next ten years. Hell, even the CBO baseline, which assumes all the massive tax increases, has a permanent deficit.

Don't you get it? We may have passed the point where it's possible to loot enough money out of the system to create the size and power of government liberals think we have to have. Europe has. All the activity we're seeing over there now is just a fish flopping on the beach.

Presidents have inherited crappy situations before. I'm trying to remember any president prior to Obama who spent his entire first term wailing about the load his predecessor left him and how nobody could have done any better.

Log in or register to post.

The whole thread (25 posts)

Related discussions