A Handy Source of Fiscal Data, or "How Their Naked Ears Were Tortured By The Horseman's Ruthless Cipherin"

[postman]

Desperately queef something about Scrub not signing the FY2009 budget.

Budget Management: Fiscal Discipline & Managing for Results

THE PRESIDENT’S FY09 BUDGET

 

[postman]

I saw the citation. I also remember the history.

Did Bush sign all the 2009 spending?

Fact Sheet: The President's FY09 Budget

The President's FY09 Budget Addresses Immediate Economic Challenges; Ensures Sustained Prosperity; Keeps America Safe; and Balances The Budget By 2012.

georgewbush-whitehouse.archives.gov

 

[Toddsterpatriot]

Fact Sheet: The President's FY09 Budget

The President's FY09 Budget Addresses Immediate Economic Challenges; Ensures Sustained Prosperity; Keeps America Safe; and Balances The Budget By 2012.

georgewbush-whitehouse.archives.gov

The answer was no. Thanks for the link.

 

[postman]

The answer was no. Thanks for the link.

It doesn't make a difference if Bush signed it, Bush wrote it

The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress.

 

[postman]

The answer was no. Thanks for the link.

Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts.

 

[Toddsterpatriot]

It doesn't make a difference if Bush signed it, Bush wrote it

The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress.

Bush didn't write the spending bills that Obama signed in 2009.

 

[postman]

Bush didn't write the spending bills that Obama signed in 2009.

Bush wrote and signed TARP

 

[Toddsterpatriot]

Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts.

I know.

Do you think Bush should be charged for spending $245 billion
when it was repaid, plus profits, in 2009 and later? Should Obama get credit for those repayments?

 

[Toddsterpatriot]

Bush wrote and signed TARP

He sure did.
Barack Obama signed a $410bn government spending bill in March 2009.
Not to mention his slush fund...err...stimulus bill in February 2009.

 

[postman]

I know.

Do you think Bush should be charged for spending $245 billion
when it was repaid, plus profits, in 2009 and later? Should Obama get credit for those repayments?

Obama should get credit for fixing the "great recession" Bush left for him to clean up.

 

[postman]

He sure did.
Barack Obama signed a $410bn government spending bill in March 2009.
Not to mention his slush fund...err...stimulus bill in February 2009.

His spending ended the great Bush recession

 

[Toddsterpatriot]

Obama should get credit for fixing the "great recession" Bush left for him to clean up.

Yeah, he was awesome! But why did the recession end in June 2009, before he could do anything?

 

[Toddsterpatriot]

His spending ended the great Bush recession

How much of it before June 2009? LOL!

 

[postman]

Yeah, he was awesome! But why did the recession end in June 2009, before he could do anything?

Actually the cash for clunkers propelled the economy into positive economic growth (GDP)

 

[postman]

How much of it before June 2009? LOL!

President Obama passed the FY 2009 budget, folding in $253 billion in expenses for the Economic Stimulus Act.

 

[g5000]

As many of you may have noticed, this here Horseman has zero tolerance for Graduates of the Maria Bartiromo School of Duh!

Accordingly, one of her attentives has been taking a ferocious macing at the side of my steed (why he clings to my stirrup, I cannot fathom).

Specifically, we are examining the conceit that "Democrats spend like drunken sailors" and are therefore not only complicit in, but largely responsible, for our current level of Debt Held by The Public.

To do so, we will compares CAGRs (Compound Annual Growth Rates) of spending and revenue collection for each POTUS going back to 1979.

The numbers are as follows (in billions)



At t=0, Sept 30, 1981

Spending - 678.2 Revenue - 599.3


Reagan (end of term)

Spending - 1143
Revenue - 991

Annual Growth Rates
6.7%/6/4%


Bush

Spending - 1409
Revenue -1154

5.36/3.88

Clinton

Spending - 1862
Revenue - 1991

3.5/7.05


Bush II
Spending - 3517
Revenue - 2105

8.3/0.7

Obama

Spending - 3981
Revenues - 3316

1.56/5.8


Trump

Spending - 4.7*
Revenues - 3.5*

5.7/1.8


* to avoid the bitter tears and recriminations, I have used Grifty's last WH Budget request, and extrapolated the deficit based on trend. Subtracting this from Outlays should be equal to Revenues.

Will this require further elaboration?

The New Right has somehow been gaslighted into bleeving that Republicans are fiscally responsible.

I have no idea how getting the rube herd to fall for this delusion was achieved.

I mean, to bleev such nonsense in the face of the numbers is absolutely incredible.

But bleev they do.

 

[CrusaderFrank]

RhodyPatriot

Now I've done all the work

You said you'd have some qualifying comments..

Please eschew that jibber jabber about Congress

Congress has no impact on spending especially since the Budget Impoundment Act of 1974, right?

The chart should be: Spending by Congress since 1974

 

[Toddsterpatriot]

Actually the cash for clunkers propelled the economy into positive economic growth (GDP)

Ugh.....don't remind me of all the awful things Obama did.

 

[Toddsterpatriot]

President Obama passed the FY 2009 budget, folding in $253 billion in expenses for the Economic Stimulus Act.

Right. And how much of that caused the recession to end in June 2009?

 

[postman]

Ugh.....don't remind me of all the awful things Obama did.

Like end the great Bush recession?