Thursday, January 26, 2012

How is Obama spending our money any different from past Presidents' deficit-spending?

Republicans and their attack dogs are wondering when Obama's 'spending and borrowing' will end any time soon.



But how is *his* spending overtures any different from say Reagan's $5.5 trillion dollar spending or Bush's $10.5 trillion dollar spending?How is Obama spending our money any different from past Presidents' deficit-spending?Reagan ran on a platform of reducing taxes and increasing military spending. Bush only promised to lower taxes but increased military spending for Afghanistan and Iraq. Obama is trying to pump money back into the economy. Three different presidents, three different reasons.How is Obama spending our money any different from past Presidents' deficit-spending?
He is spending more than all presidents combined before him. That is the difference. And it is meaningless money. He has asked his cabinet to cut 100 mill in money. That is like me dropping a penny and leaving it there. He had a chance to drop much more than 100 mill just by keeping his campaign promise to cut out earmarks and pork, which he didnt do.



And Eric S, the race card is done. Republicans dont see a black pres, they see a socialist pres...that is the problem. That racist crap won't last forever so you may want to try and have a thought of your own.How is Obama spending our money any different from past Presidents' deficit-spending?not sure who told you that bush spent that much but your facts are mistaken unless you count clean up for 5 hurricanes and 2 wars which isn't included in obama's figures either ..bush didn't borrow any money from china til the bailout of the banks that failed because on the democratic rules obama has to borrow for his bailouts and for his new budget that he wants that is 2.5 times bigger that bush ever had .. you have to cut back when you are broke ..you can not spend you way out of it
In fact, they aren't. It's just partisan politics in plain sight. Democrats justify their budgets whilst GOP justify their own as well. Since neither party will truly show much of a wish to end this spend and borrow system, I personally planned on joining the July 4 Tea Parties, to get some word out at the Congress and president who have not ended the deficit spending legacy at this point. It's so painfully obvious that I am going to exercise my own First Amendment Rights to join these events. Find one in your own area, and join it if you wish to protest this rediculous, bipartisan spending that has plagued Washington, and get the Budget restoration movement going.How is Obama spending our money any different from past Presidents' deficit-spending?We didnt like Bush's spending, Obama was elected because he said he would stop ranaway spending, he trippled it and it went to failing companies who still failed and are now filing for bankruptcy, but they get to keep all of our money.



No one has bankrupted our country this much in 100 days, he has already spent more than Bush did in 8 year, in 100 days.How is Obama spending our money any different from past Presidents' deficit-spending?
In the past the spending was part of a complete economic package. Obama's is one of Socialist intent. He cares not for the debt he is incurring but getting his constituents addicted to the government support so they continue voting their master and care taker into office. The robin hood syndrome.
There are many different comments and critics on how Obama spends the huge printed money to overcome the biggest deficit of the US ever. As a layman in politics, I think Obama must have to do the followings.

1) Let all US troops home as soon as possible, it is estimated the cost of Iraq affair is ranging from one to ten billion US dollars per day.

2) executive caps must be enforced to a more restrict manner for preventing the outrageous bonus taking out of the American investors pockets.

3) Destroy the global stock markets directly and indirectly, but wisely. Simply speaking, Obama is obliged to bring the Dow Jones Index to 4,000 and no more bull market for the next ten years. The ultimate goal of Obama economic stabilization for this entire world is to make the Dow Jones index either 3900 or 4100 by 2010.

3) He should intervene the heavy real estate transactions making the wider poor and rich gap and more and more homeless each day.

4) He should stick to the liberal political doctrine by sharing the wealth more evenly among all Americans leading to his goal of American Dream is for Main St. peoples. Why the hack he doesn't to do what exactly opposite to Bush? Why did those bail outs ?

Regardless of all different comments and critics to Obama spendings, all Americans should learn to work for and live for less. I am sick of those different party support voters keep on pulling each other's tail.

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http://search.yahoo.com/search?p=How%20O鈥?/a>How is Obama spending our money any different from past Presidents' deficit-spending?
Well it is different because he is pumping money into the economy. However, I don't think it is good to add debt to debt. America is already in debt. When I took economics in college they taught us that the economy will fix itself because of supply and demand. So my question is what happened to Laissez Faire???????
It is not any different. The real reason that conservatives hate Obama is because he is not the "traditional" person to occupy the White House. I think you know what I mean.
First, all were bad, but each of us had a different wake up call, and MANY had a wakeup call last fall when the banks and market crashed. Continuing is bad enough, but he is accelerating the spending.



Honest. Look it up.
Bush was bad. There is no doubt about that, but lets compare Bush to Obama (both his projections and the CBO's).



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Here's the difference: Obama promised not to be like Bush. One wrong doesn't excuse another, especially when the person committing the second condemns the first.
Obama is a speed spender. He has spent more than all of the presidents combined since George Washington.
HE IS SPENDING SEVERAL TIMES MORE. IN FACT MORE THAN ANY OTHER ADMINISTRATION IN HISTORY
You just wait and see. BO will spend more than any other at the rate he is going.
that was the reasons behind the tea parties,join us on july 4th.

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