Federal Spending Explodes even WITHOUT bailout!

KingCondanomation

KingCondanomation

New member
"The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account, according to an annual report released Monday by the White House. "
http://www.washingtontimes.com/news/2008/dec/16/spending-soars-25-before-bailout/

Next up Obama's big spending plans for universal healthcare and all the other bailouts the Dems want.
 
I think universal healthcare may be dead in the water now.

It was dubious whether he could have gotten is done before, but I doubt that he will pursue universal healthcare while still paying for the bailouts.
 
Liberals should be pushing the Dems to cut defence spending now and stop the Iraq war immediately. I don't see much hope of them cutting anything else. Send a strong message to Obama that this should without question be his number 1 priority.
 
KingCondanomation said:
Liberals should be pushing the Dems to cut defence spending now and stop the Iraq war immediately. I don't see much hope of them cutting anything else. Send a strong message to Obama that this should without question be his number 1 priority.
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Neo-Hooverite nonsense. Cutting spending is exactly the wrong thing to do under current circumstances. Shifting priorities from the ludicrous defense budget would be a good thing though.
 
Dungheap said:
Neo-Hooverite nonsense. Cutting spending is exactly the wrong thing to do under current circumstances. Shifting priorities from the ludicrous defense budget would be a good thing though.
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cutting spending is exactly what NEEDS to be done right now. It would allow people to be weened off the government tit and fend for themselves, which in turn would dynamically strengthen the consumer market as people get innovative.

It would also shrink the deficit making the global economy stronger
 
SmarterThanYou said:
cutting spending is exactly what NEEDS to be done right now. It would allow people to be weened off the government tit and fend for themselves, which in turn would dynamically strengthen the consumer market as people get innovative.
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The problem with the economy right now is that no one is taking risks because credit is so flighty. Make credit tighter and we're in for a huge recession. What you are advocating is voodoo economics.
 
Dungheap said:
Neo-Hooverite nonsense. Cutting spending is exactly the wrong thing to do under current circumstances. Shifting priorities from the ludicrous defense budget would be a good thing though.
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???
Hoover increased spending in his term, including bolstering of wage rates and prices, expansion of credit, propping up of weak firms, and increased government spending (e.g., subsidies to unemployment and public works).
FDR's own architect admitted in later life that all they did was continue what Hoover started.

The thing is as I posted in another thread, during good times, Liberals also want to grow government and not cut spending because they say things like "In a society as wealthy as ours, no one should have to go without _____" and then proceed to increase spending in many areas just because they can afford it. So you won't cut spending in good times or bad.
 
SmarterThanYou said:
cutting spending is exactly what NEEDS to be done right now. It would allow people to be weened off the government tit and fend for themselves, which in turn would dynamically strengthen the consumer market as people get innovative.

It would also shrink the deficit making the global economy stronger
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Well put. Those states that have cut spending are doing better than those that haven't. It's a bullshit argument that all of a sudden with federal spending the opposite would hold true.
 
Watermark said:
The problem with the economy right now is that no one is taking risks because credit is so flighty. Make credit tighter and we're in for a huge recession. What you are advocating is voodoo economics.
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No, what i'm advocating is getting the hell out of the never ending fail of a credit based economy.
 
KingCondanomation said:
Well put. Those states that have cut spending are doing better than those that haven't. It's a bullshit argument that all of a sudden with federal spending the opposite would hold true.
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And states control like how many hundredths of the GDP compares to the federal government?

Again, state by state action would be stupid. Only federal action can truly have any real effect because of fiscal policy.
 
Watermark said:
And states control like how many hundredths of the GDP compares to the federal government?

Again, state by state action would be stupid. Only federal action can truly have any real effect because of fiscal policy.
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All this says is that the size of the federal government has gotten way too big - partly because of your way of thinking of it as the real solution to any problems.
 
Umm should we tell Dixie that Bush is still president ?

Remember tax rebates ?
The Iraq war ?
govt spending has been all that has held the economy up for years.
 
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Interesting passage from the article:

The increases in spending have prompted many conservatives to criticize President Bush, who ran in 2000 on reducing the size of government and introducing spending restraint. Under Mr. Bush, the size of government has grown by more than under any other U.S. president since President Roosevelt implemented the New Deal and fought World War II.

The Bush administration said much of the increase over time has been because of its spending on defense and homeland security in response to the Sept. 11 terrorist attacks.
 
Epicurus said:
Interesting passage from the article:

The increases in spending have prompted many conservatives to criticize President Bush, who ran in 2000 on reducing the size of government and introducing spending restraint. Under Mr. Bush, the size of government has grown by more than under any other U.S. president since President Roosevelt implemented the New Deal and fought World War II.

The Bush administration said much of the increase over time has been because of its spending on defense and homeland security in response to the Sept. 11 terrorist attacks.
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and yet, moronis liberals would still like to label bush as a conservative. imagine the idiocy?
 
Question: has there ever been a moment since 1776 when conservatards haven't been warning us about "exploding" spending? You'd think that government would be one hundred times bigger than the world economy by now.
 
Watermark said:
Question: has there ever been a moment since 1776 when conservatards haven't been warning us about "exploding" spending? You'd think that government would be one hundred times bigger than the world economy by now.
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Answer: Spending soared 25%, even you must understand just how massive a leap that is, obviously far outstripping inflation or GDP growth. And again that is without the giant $700 billion bailout pending.

Yeah those old Conservatards, they dont's know nuttin'

"To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. . .I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared." – President Thomas Jefferson
 
KingCondanomation said:
Answer: Spending soared 25%, even you must understand just how massive a leap that is, obviously far outstripping inflation or GDP growth. And again that is without the giant $700 billion bailout pending.

Yeah those old Conservatards, they dont's know nuttin'

"To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. . .I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared." – President Thomas Jefferson
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And in times of recession we need to spend even more than we are.

"They'll take your niggers from you" - Patrick Henry
 
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