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President's sleight of hand
1 Attachment(s)
(If you don't want to read all this, just look at the attached graph.)
Ok, you won't see this anywhere else because journalists are unwilling to do basic information gathering these days. They just quote a bunch of politicans and "experts" and call it a day. I wouldn't ordinarily post it somewhere like this, but some of the topics have already been touched on. The attached graph shows US Government receipts (taxes) and spending from 1994 to 2007. 2008 to 2017 is from the President's budget proposal. Sources are the US Treasury website and White House website. Links: Office of Management and Budget Back Issues: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service The pink line graphs the outlays as if the Department of Defense budget just increased at inflation starting with Clinton's last budget. Bascially assuming no build up after 9/11 and no war build up. To show the relative effect of the wars. Note these things:
Now to the current President:
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damn monkey, I think i need the Cliffs notes version.
but lets not forget that Bush never included the Iraq or Afghan Wars in his budget. |
Those are the actual figures in the history so budgetary tricks come to the surface.
Here's the Cliff notes. Past 2013, the recession is over, the Bush tax cuts have ended, the higher tax rate is imposed, the troops are out of Iraq and I guess Afghanistan, and there's still a $600 billion deficit each year. That's $1.2 trillion extra debt every 2 years. And it slowly widens out all the way through 2017 in the graph. The Budget actually goes through 2019 when the deficit is $712 billion. There's not even any attempt at reducing the deficit. No more defense to cut, no more tax increases, no more efficiencies to wring out. We just borrow $600 billion a year. Oh I forgot, to get the budget .pdf, click the "Read the full Budget" link, or click below. There are summary tables around page 120 of the .pdf. http://www.whitehouse.gov/omb/assets...nsibility2.pdf |
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