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by smsm42 4923 days ago
We would probably have less rampant abuse, though if Bush times is an indication of anything, the right can definitely be tempted by debt spending also, just in less egregious quantities. But I'd take Bush-level deficits (400bn) over Obama-level (1trln+) any day.
1 comments
Steko 4923 days ago
Obama's deficits are caused by the depression bush brought us (decreased tax revenues -> deficit) and the continued unfunded wars, tax cuts and Medicare D program.

http://www.forbes.com/sites/jasonoberholtzer/2012/02/01/obam...

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smsm42 4923 days ago
Of course Bush is to blame for everything. It's not like Obama had control over the budget for 4 years now and did nothing to reign in spending. Here I was naively hoping there's some point where blaming Bush has to stop. Of course it will never stop.

>>>> decreased tax revenues -> deficit

This is only partially true - IIRC, CBO estimates are about 24% of the Bush-era deficits were caused by tax cuts. The rest is spending increases and tax revenue falling short of previous expectations (i.e. would happen with or without tax cuts, and without tax cuts would probably be more severe as tax cuts were observed to decrease tax avoidance). The difference between 400bn and 1trln can not be explained by tax cuts.

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Steko 4923 days ago
"It's not like Obama had control over the budget for 4 years now"

Because he's a dictator?

"and did nothing to reign in spending. "

Slowest increase in spending since Eisenhower?

"Here I was naively hoping there's some point where blaming Bush has to stop. Of course it will never stop."

Because it will never stop being true that he's responsible for the current fiscal mess? I'm sorry it's an 'inconvenient truth" for you that Bush sucked and got us in this mess.

"The rest is spending increases and tax revenue falling short of previous expectations"

This is actually what I meant by decreased revenues. My full quote as you can see is:

"decreased tax revenues -> deficit) and the continued unfunded wars, tax cuts and Medicare D program."

So perhaps that could have been punctuated better but it's not hard to see that I was making the distinction between the tax cuts and the decreased revenues due to recession/depression.

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smsm42 4923 days ago
>>>> Because he's a dictator?

Because Bush was a dictator, yes. Obama is the same level of dictator as Bush were.

>>>> Slowest increase in spending since Eisenhower?

"Reigning in" does not mean "increase". Especially when we have trillion deficit. If you have budget in surplus - fine, increasing spending may be kind of OK. If you have trillion deficit - "we are deep in the hole, but we keep digging slower" is not enough.

>>> I'm sorry it's an 'inconvenient truth" for you that Bush sucked and got us in this mess.

Bush sucked 4 years ago. This mess is still with us and only got worse since. I understand Obama can not be blamed for anything because he is the Saint Lightworker, but I still can't take it seriously. If you blame Bush for Bush time, blame Obama for Obama time. Otherwise you just sound like an apologist.

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