The Budget in simplified

[tosiek]

The Budget simplified

Should take a min of your time to look at this. Well worth it.

 

[masterswimmer]

Calculus always confused the heck out of me. But THIS, even I understand :banghead:

Russ

 

[jcdeng]

our nation needs a second job lol

 

[Imbarrie]

Im missing something, there is no link.

 

[Tonyscoots84]

:bigeyes:

 

[Imbarrie]

Let's also include;

Cost of Bush tax cuts 1,700,000,000,000 over 10 years.
Financial cost of Iraq war 1,000,000,000,000

Dont forget Medicare Plan B also which is untold.

If we had never used these resources to benefit minority interests we could have absorbed the potential affects and weathered this recession.

The insanity doesnt reside in all the seats in Congress. It resides in a select few that answer to lobbys. Pharma, oil, agriculture.


http://www.ctj.org/html/statefx.htm
http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War

 

[Tonyscoots84]

we should riot :fight2: :lol2:

 

[Imbarrie]

We should vote on platforms and not on emotion or ideology.

 

[CoralMeister]

Not sure how true this is but suppositly Obama racked up more debt than ALL 43 Presidents combined (That's 6.5 Trillion in only 4 years, one term).

 

[rookie07]

Our country has historically done great during war time, and had recession after wars. However, there are so many factors at play its silly.

 

[Imbarrie]

Not sure how true this is but suppositly Obama racked up more debt than ALL 43 Presidents combined (That's 6.5 Trillion in only 4 years, one term).

This was to continue fighting two wars that were not budgeted and in reaction to the worst economic free fall in 80 years.

 

[Aqua Pro Builder]

Not sure how true this is but suppositly Obama racked up more debt than ALL 43 Presidents combined (That's 6.5 Trillion in only 4 years, one term).

Something does not sound right.
I kind of recall Reagan and Bush Senior accounted for 3.4-3.8T
and George Bush accounted for 6.1T
therefore, for these 3 president alone, the debt occurred during their time is 9.5-9.9T not counting interest.

The national debt went upward sharply when Reagan took office is especially interesting because it has been falling for over 40-50 years , plus it's the lowest in 50 years, and since then the debt continuously go uphill for almost all presidencies except during Clinton's time.

 

[Aqua Pro Builder]

This was to continue fighting two wars that were not budgeted and in reaction to the worst economic free fall in 80 years.

+1

The short term over spending of the government (not including the wars) is usually a tactics to move the country out of depression but this time it does not work as in the old days. In my opinion, this tactics would have worked when the tax system is at pre George Bush era because reduction in taxing the rich(during George Bush Era) reduce much of the government income when the stimulus begin to jump start the economy. We can see the stimulus plan of the Obama early days did work for a short time and economy did come back a bit but does not hold long enough for the economy to absorb the job lost before the stimulus is cut. So I would say the execution is not very well done but the prime problem still lays in bad governments before his time that left behind so much shooo...ot for anyone to clean up.