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Who has spent more money, Bush or Obama?

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maynard Donating Member (514 posts) Send PM | Profile | Ignore Sat Jun-13-09 02:27 PM
Original message
Who has spent more money, Bush or Obama?
My right-wing friend has the crazy idea that Obama has out-spent everyone who has ever been
a president. Here is an excerpt:

Help me with a rebutal......


In the first three months he was in office, obama had already outspent Pres Bush and just about every other pres we have had. It is time for obama to finally get a backbone and start trying to lead by accepting the blame for the TRILLIONS that we now owe.
I think tyranny comes in when the feds take over banks, car manufacturers, and the world's largest insurance company as obama has. To say nothing of all the people who have been added to the pres' inner circle. We have 'tsars' for almost everything now. It's starting to look like the old soviet union!

"The majority of bailouts came under Bush." (my quote)

Not true now! obama has him beat by TRILLIONS of dollars!
obama is NOT cleaning up ----- he is making everything worse as he usurps power for himself and the dems!
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mwb970 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-13-09 02:29 PM
Response to Original message
1. Um, "spending" is different from "wasting".
And spending to save the economy is different from spending to invade Iraq. I could go on, but I have a feeling it isn't worth it.
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-13-09 02:30 PM
Response to Original message
2. You'd be crazy to even try to rebut
Theres not getting through to them so why bother

nothing personal
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maynard Donating Member (514 posts) Send PM | Profile | Ignore Sat Jun-13-09 02:38 PM
Response to Reply #2
5. I enjoy reading her rants
This is a minor rant. She does not use any facts. When I reply with facts, she goes
Bill O'Reilly. It is very entertaining. I just need some facts.
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-13-09 02:36 PM
Response to Original message
3. RWers just project whatever Bush has done
onto Obama.

It's like a Rip Van Winkle effect, as if they've been asleep for the last 8 years and only just woken up.
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Just Saying Donating Member (133 posts) Send PM | Profile | Ignore Sat Jun-13-09 02:36 PM
Response to Original message
4. Here's one fun fact.
http://mediamatters.org/research/200904240038

Fox News at one point also falsely claimed that Obama's $3.6 trillion FY 2010 budget is "4x bigger than Bush's costliest plan." In fact, Bush submitted a $3.1 trillion budget for FY 2009 and a $2.9 trillion budget for FY 2008.


Anyway, assertions such as those made by your "friend" should be backed up. Don't kill yourself proving WRONG BS he didn't prove RIGHT in the first place. Tell him Fox News is full of crap and make him source some numbers proving this alleged spending.
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Just Saying Donating Member (133 posts) Send PM | Profile | Ignore Sat Jun-13-09 02:47 PM
Response to Original message
6. I don't know this source, but it has links to back up.
http://farangbaa.com/?q=content/obama-is-spending-more-...

And the results? Total spending by all presidents from 1789 through 2008 totals:

$96.1 trillion


And remember, I didn't adjust for inflation between 1789 and 1912, so the total is actually considerably greater.

Now, Obama's fiscal 2010 budget calls for total Federal spending of $3.6 trillion. Even if such spending were maintained for eight full years (assuming Obama serves two terms), the total Obama spending would be:

$28.8 trillion

Is that "more than all other presidents combined?" Um, nope. Not even close.

And if anyone thinks $28.8 trillion is still too high, 2008 spending was $2.7 trillion, or $21.7 trillion if maintained over eight years.

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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-13-09 02:48 PM
Response to Original message
7. Here's a current NYT article...
http://www.democraticunderground.com/discuss/duboard.ph...


For U.S., a Sea of Perilous Red Ink, Years in the Making

By DAVID LEONHARDT
Published: June 9, 2009


There are two basic truths about the enormous deficits that the federal government will run in the coming years.

The first is that President Obamas agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying
. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.

The New York Times analyzed Congressional Budget Office reports going back almost a decade, with the aim of understanding how the federal government came to be far deeper in debt than it has been since the years just after World War II. This debt will constrain the countrys choices for years and could end up doing serious economic damage if foreign lenders become unwilling to finance it.

Mr. Obama responding to recent signs of skittishness among those lenders met with 40 members of Congress at the White House on Tuesday and called for the re-enactment of pay-as-you-go rules, requiring Congress to pay for any new programs it passes.

The story of todays deficits starts in January 2001, as President Bill Clinton was leaving office. The Congressional Budget Office estimated then that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012. Today, the government is expected to run a $1.2 trillion annual deficit in those years.

You can think of that roughly $2 trillion swing as coming from four broad categories: the business cycle, President George W. Bushs policies, policies from the Bush years that are scheduled to expire but that Mr. Obama has chosen to extend, and new policies proposed by Mr. Obama.

more...

http://www.nytimes.com/2009/06/10/business/economy/10le...
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nini Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-13-09 02:51 PM
Response to Original message
8. Never waste your time - make them first PROVE those statements
Since they can't prove a lie you're done.

Don't waste your time proving they're lying.
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