world chaos said:unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)
world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)
Sadly... that can't be said for either of the two parties anymore.winex said:Obama and the words "fiscal conservative" do not belong in the same sentence.
winex said:world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)
Honesty you need to spend some time researching the issues. You are so far off base that it is difficult to know where to begin.
Under 8 years of President Bush, the national debt went from 5.6 trillion to 10 trillion.
Under 4 years of Obama, the national debt has gone from 10 trillion to 16.2 trillion.
Granted the way that history played itself out, the 4.4 trillion in increased debt under Bush was inflated because $800 billion of that 4.4 trillion number was loans under TARP that were repaid. This also reduced the increase in the national debt under Obama by the same amount.
You can fault Bush with increasing the national debt and I would not argue with you. But how can you call Obama a fiscal conservative when he has run up the national debt by 50% more in half the time?
qwerty said:not defending obama but bush just about doubled the debt in 4 years, so almost a 100% increase, vs Obama's 50% increase in 4 years, seems like they are on the same path.
winex said:world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)world chaos said:obamas plan is to kick the bucket down another 10 years but at least he balances the budget (for the time being)... on the other hand, right now romney/ryans plan is not concrete enough for me to believe because it doesnt add up even in the best of scenarios
u have to take into account the top 15% pay 60% of our revenue, even if economy booms and we get more revenue from the rest the 85%, or everybodys pay increases, its still not gonna be enough (i think i read somewhere each year we spend about 17% over GDP, so revenue growth needs to increase 17% just to balance the budget)... thats why i keep on saying romneys arithmetic doesnt add up... him and ryans rhetoric sounds fiscally conservative, but is it really?
unfortunately that is why right, to me at least, obama seems more fiscally responsible then romney because it actually adds up :-\... i guess im just naturally a skeptic so im always hesitant with any type of rhetoric (im also in sales too haha so i know when someones trying too hard to sell something)
Honesty you need to spend some time researching the issues. You are so far off base that it is difficult to know where to begin.
Under 8 years of President Bush, the national debt went from 5.6 trillion to 10 trillion.
Under 4 years of Obama, the national debt has gone from 10 trillion to 16.2 trillion.
Granted the way that history played itself out, the 4.4 trillion in increased debt under Bush was inflated because $800 billion of that 4.4 trillion number was loans under TARP that were repaid. This also reduced the increase in the national debt under Obama by the same amount.
You can fault Bush with increasing the national debt and I would not argue with you. But how can you call Obama a fiscal conservative when he has run up the national debt by 50% more in half the time?
winex said:qwerty said:not defending obama but bush just about doubled the debt in 4 years, so almost a 100% increase, vs Obama's 50% increase in 4 years, seems like they are on the same path.
Sorry, but I couldn't avoid correcting the facts that you misstated.
The national debt was 5.6 trillion when Bush took office and 10 trillion when he left office 8 years later, not 4 years later. If you count the $800 billion TARP money that added to the national debt run-up totals under Bush, he added 4.4 trillion over 8 years. 4.4 trillion is an increase of 78.5% in the national debt over 8 years. If you didn't count TARP as part of the debt, then he ran up the debt by a total of 3.6 trillion over 8 years, or a 64.2% increase over 8 years.
Either number (78.5% or 64.2%) is still obscene.
In percent terms, if you forget that $800 billion of Bush's debt was paid back during Obama's term, he increased debt by $6.2 trillion, or about 62% in 4 years. If you start the base at $9.2 trillion to account for the TARP money that was repaid and thus lowered the national debt, then Obama increased the national debt by 76.1% in 4 years.
Putting us into debt faster than Bush did is not the mark of a fiscal conservative.
qwerty said:Either way both presidents sucked/suck with regard to debt management.