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Reply #6: That chart doesn't make sense [View All]

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Telly Savalas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-11 08:08 PM
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6. That chart doesn't make sense
While the economic downturn of the early 2000's caused some of the deficit back then and this deficit spending has contributed to a portion of our current debt, it doesn't impact the current deficit as this chart insinuates.

Moreover it's double-counting the impact of the Iraq War, unless it's suggesting that Obama is now spending more on it than Bush did.

Also, Bush had nothing to do with the 2010 and 2011 budgets. If something like Part D continues to be underfunded that's not his fault, it's the fault of the current Administration and Congress. I have a huge mancrush on Peter Orzag, but his unwillingness to take responsibility for this is silly.

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  -What caused the US Federal Debt? underpants  Mar-31-11 07:29 PM   #0 
  - Clinton's elimination of Glass-Steagall.  ozone_man   Mar-31-11 07:44 PM   #1 
  - Please note: Citi bank broke Glass-Steagall first.  Democrats_win   Mar-31-11 08:00 PM   #4 
  - Wall Street bailouts are $185 billion? I thought is was more like  doc03   Mar-31-11 07:49 PM   #2 
  - Thank you! I wonder about those points too. There's so much I  snappyturtle   Mar-31-11 07:56 PM   #3 
  - From what I heard yesterday:  bhikkhu   Mar-31-11 08:11 PM   #7 
     - If that money was paid back were the heck did it  doc03   Mar-31-11 11:37 PM   #8 
     - Who got stuck with the bad mortgages?  JDPriestly   Apr-01-11 12:30 AM   #14 
     - That I don't know  bhikkhu   Apr-01-11 12:36 AM   #16 
        - Read up on it.  JDPriestly   Apr-01-11 01:53 PM   #20 
     - Absurd.  girl gone mad   Apr-01-11 12:40 AM   #17 
  - What a great graph! Also info about accounting change is great!  Democrats_win   Mar-31-11 08:06 PM   #5 
  - That chart doesn't make sense  Telly Savalas   Mar-31-11 08:08 PM   #6 
  - +1  doc03   Mar-31-11 11:38 PM   #9 
  - Decades of excessively low taxes is the main reason n/t  Taitertots   Mar-31-11 11:53 PM   #10 
  - I think the tax rates are fine, do you have any idea how many  doc03   Apr-01-11 12:15 AM   #11 
     - Low wage cash workers are not a contributing factor  Taitertots   Apr-01-11 12:28 AM   #13 
     - Oh they aren't, I know lots of (small business people) that  doc03   Apr-01-11 12:41 AM   #18 
     - Spot on! n/t  hifiguy   Apr-01-11 03:18 PM   #24 
     - doc03, I don't think we should entirely do away with the income tax,  JDPriestly   Apr-01-11 12:33 AM   #15 
     - The thing with the income tax the more you raise the rates  doc03   Apr-01-11 12:46 AM   #19 
        - I lived abroad for many years. If the CEO is an American citizen  JDPriestly   Apr-01-11 02:22 PM   #22 
     - Both of which are brutally regressive.  hifiguy   Apr-01-11 03:17 PM   #23 
  - It was Clinton's impeachment that got us here.  Rex   Apr-01-11 12:27 AM   #12 
  - The short , primary answer is Ronald Reagan and his masters nt  Zorra   Apr-01-11 01:55 PM   #21 
  - We have a winner  hifiguy   Apr-01-11 03:20 PM   #25 
  - Overspending. Wasteful spending. Preparing an inadequate budget, and  Obamanaut   Apr-01-11 03:21 PM   #26 

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