#1 · Nov 08, 2012 06:50 UTC
Alright, Charger...
So you had mentioned in your response to my Facebook post that you thought it was hilarious that I thought Mitt Romney could be more successful in turning around the economy than the current Administration, suggesting that he would backtrack to Bush Era economic policies.
You know me, I don't like to throw stones and poke peoples eyes in these types of discussions, so keeping this as civil as possible would be ideal :)
I know how much you love figures, so I'm going to throw some up. National deficit numbers as of the end of the fiscal year (9/30) for the time frame of 9/30/2000 - 9/30-2008
9/30/2000 - 5,674,178,209,886.86
9/30/2008 - 10,024,724,896,912.49
A difference of 4,350,546,687,025.63 (I'm not insulting your intellignece here, just thought I'd do the math for you to get the point accross faster)
For an average deficit increase of 543,818,335,878.20/year over an 8 year period. Aside from the last year, the average increase per year was around 500B/year. From 2007-2008 the increase was about 1 trillion. This was the start of the depression. We had wars going in two theaters on borrowed money (Most borrowed from Americans), tax cuts happening, etc...
So of course when Obama took office he KNEW the hand he was being dealt.
But rather than grab the bull by the horns and get tough, and make hard decisions that would be unpopular, he decided to continue to spend an outrageous amount to increase entitlements, offer a trillion dollars to a stimulus package, and push through the affordable health care act that we can't afford to pay for. We STILL have an unecessary and unpopular war going in Afghanistan that is costing us a fortune, we're still handing out money to companies that can't afford to ever pay it back (And some have gone belly up). We still have unemployment rates as high as the day he took office, and extended unemployment benefits to the less fortunate that are costing us a fortune, millions more on food stamps that is costing us a fortune. I mean, the economy is a real mess, by any account.
Instead of farting around with health care and entitlement programs that we couldn't afford, Obama could have and SHOULD have concentrated on finding ways to get the deficit down. Whether that was through tax increases, promoting tourism, removing weed from the controlled substance list and taxing the shit out of it... I mean, there is little evidence to show that he did anything to reduce government spending. In fact, the exact opposite happened, and it would certainly appear as though he was pissing money out the window that we simply don't have.
If your family is in debt to your elbows, you don't make sure the bills get paid by handing out gifts to everyone that asks for one. You buckle down, you get by on bare minimums, and get yourself out of debt BEFORE you become charitable again. We, as a country, need to adopt that mentality, or the deficit will continue to grow...
I'm sure you know the current deficit number as well as the rest of us, and I think you also know that Obama has increased the deficit more in 4 years than Bush did in 8 years. To the tune of around 1.5T/year.
Now, call me crazy but... Isn't 1.5T/year MORE than 500B/Year? If you ask me, I'll go back to the Bush Era right here and now if it will help get this deficit to stop growing so rapidly.
But you and I both realize that's not what Romney wanted to do. At least I understand that. Obama and the media would certainly have you believe that we were going back to 60's policies, but come on that's ridiculous.
You follow this stuff more closely than I do, and somehow I'm the one that completely understands what Romney wanted to do, and exactly why it was going to work. Yet, so many Americans, including the President who is Harvard educated couldn't figure it out? Made claims that it was Bush Era, or from the 60's. That's silly to me...
What he was proposing I believe had a very good chance of working, as long as one major caveat of his plan held water.
Would he have actually been able to lower unemployment and get 20 million people back in the job force... I had "Hope" that he could do just that...
Now the mathematically impossible part that the liberal media didn't understand was with all the increased spending in key areas, and not enough cuts in others, how could we balance the budget in 10 years with tax cuts in play?
They were basing their tax revenue numbers off our cerrent unemployment rate and taxpayer base. The reason it was going to work is we were going to increase the taxpayer base by 20 million.
All that aside, here is one fact that absolutely can not be disputed. In order to stop this landslide deficit and start paying it down, we not only have to come up with a balanced budget, we need to be operating in a surplus... For a LONG ASS TIME.
I think Mitt Romney had the business accumen along with Paul Ryan who is well versed in the US Economy and Government Spending, to start trimming the fat off this government pig, lean the spending down to the bare minimum and get us operating in a surplus. We would have probably done away with a lot of entitlement programs, had to stop buying $5000 hard drives from Seagate, and $15,000 hammers from Snap-On, and a lot of people would be pissed off... But in the long run, I truly believe we would have been better off.
Sorry to be so long winded.
So that's my opinion of course. And a big reason I voted the way I did.
I don't believe President Obama has any plan in place to start getting this deficit paid down and get our credit rating back where it was when he took office.
I honestly hope I can put my foot in my mouth in 4 years, unfortunately I don't think much will be changing. Because as a whole we were dumb enough to vote ourselves into the exact same gridlock we had Tuesday morning...
So you had mentioned in your response to my Facebook post that you thought it was hilarious that I thought Mitt Romney could be more successful in turning around the economy than the current Administration, suggesting that he would backtrack to Bush Era economic policies.
You know me, I don't like to throw stones and poke peoples eyes in these types of discussions, so keeping this as civil as possible would be ideal :)
I know how much you love figures, so I'm going to throw some up. National deficit numbers as of the end of the fiscal year (9/30) for the time frame of 9/30/2000 - 9/30-2008
9/30/2000 - 5,674,178,209,886.86
9/30/2008 - 10,024,724,896,912.49
A difference of 4,350,546,687,025.63 (I'm not insulting your intellignece here, just thought I'd do the math for you to get the point accross faster)
For an average deficit increase of 543,818,335,878.20/year over an 8 year period. Aside from the last year, the average increase per year was around 500B/year. From 2007-2008 the increase was about 1 trillion. This was the start of the depression. We had wars going in two theaters on borrowed money (Most borrowed from Americans), tax cuts happening, etc...
So of course when Obama took office he KNEW the hand he was being dealt.
But rather than grab the bull by the horns and get tough, and make hard decisions that would be unpopular, he decided to continue to spend an outrageous amount to increase entitlements, offer a trillion dollars to a stimulus package, and push through the affordable health care act that we can't afford to pay for. We STILL have an unecessary and unpopular war going in Afghanistan that is costing us a fortune, we're still handing out money to companies that can't afford to ever pay it back (And some have gone belly up). We still have unemployment rates as high as the day he took office, and extended unemployment benefits to the less fortunate that are costing us a fortune, millions more on food stamps that is costing us a fortune. I mean, the economy is a real mess, by any account.
Instead of farting around with health care and entitlement programs that we couldn't afford, Obama could have and SHOULD have concentrated on finding ways to get the deficit down. Whether that was through tax increases, promoting tourism, removing weed from the controlled substance list and taxing the shit out of it... I mean, there is little evidence to show that he did anything to reduce government spending. In fact, the exact opposite happened, and it would certainly appear as though he was pissing money out the window that we simply don't have.
If your family is in debt to your elbows, you don't make sure the bills get paid by handing out gifts to everyone that asks for one. You buckle down, you get by on bare minimums, and get yourself out of debt BEFORE you become charitable again. We, as a country, need to adopt that mentality, or the deficit will continue to grow...
I'm sure you know the current deficit number as well as the rest of us, and I think you also know that Obama has increased the deficit more in 4 years than Bush did in 8 years. To the tune of around 1.5T/year.
Now, call me crazy but... Isn't 1.5T/year MORE than 500B/Year? If you ask me, I'll go back to the Bush Era right here and now if it will help get this deficit to stop growing so rapidly.
But you and I both realize that's not what Romney wanted to do. At least I understand that. Obama and the media would certainly have you believe that we were going back to 60's policies, but come on that's ridiculous.
You follow this stuff more closely than I do, and somehow I'm the one that completely understands what Romney wanted to do, and exactly why it was going to work. Yet, so many Americans, including the President who is Harvard educated couldn't figure it out? Made claims that it was Bush Era, or from the 60's. That's silly to me...
What he was proposing I believe had a very good chance of working, as long as one major caveat of his plan held water.
Would he have actually been able to lower unemployment and get 20 million people back in the job force... I had "Hope" that he could do just that...
Now the mathematically impossible part that the liberal media didn't understand was with all the increased spending in key areas, and not enough cuts in others, how could we balance the budget in 10 years with tax cuts in play?
They were basing their tax revenue numbers off our cerrent unemployment rate and taxpayer base. The reason it was going to work is we were going to increase the taxpayer base by 20 million.
All that aside, here is one fact that absolutely can not be disputed. In order to stop this landslide deficit and start paying it down, we not only have to come up with a balanced budget, we need to be operating in a surplus... For a LONG ASS TIME.
I think Mitt Romney had the business accumen along with Paul Ryan who is well versed in the US Economy and Government Spending, to start trimming the fat off this government pig, lean the spending down to the bare minimum and get us operating in a surplus. We would have probably done away with a lot of entitlement programs, had to stop buying $5000 hard drives from Seagate, and $15,000 hammers from Snap-On, and a lot of people would be pissed off... But in the long run, I truly believe we would have been better off.
Sorry to be so long winded.
So that's my opinion of course. And a big reason I voted the way I did.
I don't believe President Obama has any plan in place to start getting this deficit paid down and get our credit rating back where it was when he took office.
I honestly hope I can put my foot in my mouth in 4 years, unfortunately I don't think much will be changing. Because as a whole we were dumb enough to vote ourselves into the exact same gridlock we had Tuesday morning...
