Obama, Spending like a Sailor on Payday, and the Debt Ceiling

[BigBadBrian]

knuckleboner said:

dude, OMB is irrelevant.

that was BEFORE obama took office. $1.2 trillion in deficit is bush's. and yes the stimulus (not failed, but a different, and here irrelevant, argument) added to that. by about $200 billion. but it doesn't change the FACT that the deficit was $1.2 trillion before obama took office.

You're using the old school yard "he started it" excuse. I don't care whether FY 09 deficit is Bush's fault or not. I never said he wasn't partially to blame for runaway spending. But, he sure as hell didn't have + 1 Trillion deficits for his entire Presidency like Obama will have.

first of all, it's NOT signed by the president. it's NOT a law. it sets the spending caps for each appropriations bill for the upcoming year. it then sets a completely non-binding 5 year caps. but every subsequent budget resolution changes those caps. because they're non-binding.
as for the budget, i believe you don't quite understand how the federal budget works. since i've had a little training on it in the past, allow me to help: the federal budget resolution is meaningless.

Actually, it's not. Most Democrats like you say it's meaningless since it's your party's fault we don't have one. It's against the law NOT to have a budget whether it gets signed or not. It's a guide..a plan. Not having a plan is the reason for so many deficits in the past. I honestly think Congress and the POTUS lose track of how much is being spent. This country's problem is spending, not revenue.

the debt ceiling is not directly related to spending. if congress raised the debt ceiling to $1 quadrillion next week, it wouldn't authorize a single cent more spending. it would NOT allow obama to suddenly spend $5 trillion

The fact of the matter is Obama is going to keep spending as much as he is allowed...by the limits of the debt ceiling. It should be kept as low as possible so this country starts living within it's means

[Nickdfresh]

knuckleboner said:

dude, OMB is irrelevant.

that was BEFORE obama took office. $1.2 trillion in deficit is bush's. and yes the stimulus (not failed, but a different, and here irrelevant, argument) added to that. by about $200 billion. but it doesn't change the FACT that the deficit was $1.2 trillion before obama took office.

You're using the old school yard "he started it" excuse. I don't care whether FY 09 deficit is Bush's fault or not. I never said he wasn't partially to blame for runaway spending. But, he sure as hell didn't have + 1 Trillion deficits for his entire Presidency like Obama will have.

first of all, it's NOT signed by the president. it's NOT a law. it sets the spending caps for each appropriations bill for the upcoming year. it then sets a completely non-binding 5 year caps. but every subsequent budget resolution changes those caps. because they're non-binding.
as for the budget, i believe you don't quite understand how the federal budget works. since i've had a little training on it in the past, allow me to help: the federal budget resolution is meaningless.

Actually, it's not. Most Democrats like you say it's meaningless since it's your party's fault we don't have one. It's against the law NOT to have a budget whether it gets signed or not. It's a guide..a plan. Not having a plan is the reason for so many deficits in the past. I honestly think Congress and the POTUS lose track of how much is being spent. This country's problem is spending, not revenue.

It Bush's economy and his two massive wars, both led incompetently and ones YOU VOTED FOR, that led to the current deficit. It is the reduced tax revenue via not only the Bush-era tax cuts, but also the severe recession led in by Bush's eight years of shit policies...

And the POTUS keeps track of what is spent - as does the GOP led House!

The fact of the matter is Obama is going to keep spending as much as he is allowed...by the limits of the debt ceiling. It should be kept as low as possible so this country starts living within it's means

Obama doesn't approve the budget, the GOP-led Congress does!

[ELVIS]

LMAO !!

Still blaming Bush ??

[Nickdfresh]

LMAO !!

Still blaming Bush ??

As opposed to you never blaming Bush, voting for twice, then becoming a conspiratorial fuckwit the minute a black man Democrat gets into office?

[ELVIS]

I absolutely blame Bush for beginning the destruction of freedom in this country, but how is Obomba any different ??

And Obomba is hardly black, you retard...

[cadaverdog]

I was under the impression that most sailors receive very little pay & get even less free time.

When I was in we had plenty of free time. 30 days per year vacation, stand down after deployment you work one day out of four or five for a month or so depending on how many duty sections on your ship, time off for personal business usually granted by request. Off by noon most fridays. And as far as money goes , they pay all your expenses except your car if you have one. Most sailors have money to burn.

[cadaverdog]

It doesn't matter how much they get paid, they tend to spend every penny and then some...

Not true. Most squids save some cash for when they get out. I saved almost ten thousand in two years I was aboard ship. Too bad I got into free basing. I blew five grand on that in a couple months. If I didn't have go out to sea I would have probably spent all of it on coke. I was hooked while I was doing it but I kicked it after being straight a few weeks.

[knuckleboner]

Clinton Surplus Hoax...

Click!

why, ELVIS, i didn't give you enough credit.

you're still wrong, but actually for a different reason.

the "debt" this guy cites is gross federal debt. and yes, it increased every year. but that is NOT an accurate picture of the debt, because it includes debt that the government owes itself. if you are a regular person and you write a check for $100 from your checking account and deposit it into your savings account, nobody says, "dude, you just lost $100." if you're only tracking the total amount of OUTGOING funds, then yep, it looks like you lost $100. but overall, it's clear you didn't.

that's the same thing with the federal government. if you look at OMB historical table 7.1 you'll see that the net federal debt DID decline from FY 1998 through FY 2001. (though, as i already stated, they needed social security revenues in FY 1998 and FY 2001, so i'm happy not to count those.) nonetheless, the only people who would still say that there were NO surpluses at all either: 1) don't understand how budgets work, or 2) are only looking at part of the data. either way, they're wrong.

[ELVIS]

Why would I rely on White House figures for an accurate picture of the budget ??

[knuckleboner]

Why would I rely on White House figures for an accurate picture of the budget ??

i'm sorry, you're right, you should rely on craig steiner. he's MUCH more knowledgable.

but seriously, if you want to know why there DEFINITELY were surpluses? democrats claim clinton had surpluses. if it was so easy to disprove that craig steiner nailed it, then republicans would be using that against democrats every time. but they don't. because craig is wrong. the surpluses were real. whether you trust them or not.

[ELVIS]

Republicans don't use it against them because they don't live in the past like the dredging dems...

But the surplus was nothing more than playing with the numbers...

[BigBadBrian]

It Bush's economy and his two massive wars, both led incompetently and ones YOU VOTED FOR, that led to the current deficit.

Iraq and Afghanistan have contributed quite a bit less compared to entitlement spending: Medicare, social security, medicaid, unemployment, welfare, etc. Look it up!

Obama doesn't approve the budget, the GOP-led Congress does!

Uhhh...the House submits the Budget to the Senate. Call up Harry Reid and ask him what he does to Budgets.

[FORD]

Uhhh...the House submits the Budget to the Senate. Call up Harry Reid and ask him what he does to Budgets.

Well, if they would send him a budget that wasn't Eddie Munster's Randtard horseshit, maybe he could take it seriously?

[jhale667]

[Nickdfresh]

Iraq and Afghanistan have contributed quite a bit less compared to entitlement spending: Medicare, social security, medicaid, unemployment, welfare, etc. Look it up!

Why don't you look it up, since it's your point? I think the books are genuinely cooked on that when separated and hidden from "defense spending"...

Uhhh...the House submits the Budget to the Senate. Call up Harry Reid and ask him what he does to Budgets.

I couldn't get a hold of him. What does he do?