prezBO sending out emails saying he cut deficit in half

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Dec 29, 2013.

  1. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    They're actual, hard numbers. You can even put them into a calculator!
  2. dangolegators
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    dangolegators Well-Known Member

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    Why are you even bringing up 2010 revenues? We're talking about 2009. The stimulus bills Obama signed in 2009 didn't have much impact on the 2009 deficit -- some, but certainly not 400 billion. The stimulus was around 787 billion and you're saying more than half of it was spent in the first 6 months or so after it was passed? Not even close.
  3. fredsanford
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    fredsanford VIP Member

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    Math doesn't matter blargblahgrrrrrrrrrrr Obama bad boooooo money spend BLAH!
  4. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Sigh. Thought this was clear. Collected in 2010 for the 2009 fiscal year. It's important because it's something that CBO estimates couldn't know. They did, however, know what the budget was.

    $400B is directly attributable to post-Bush legislation. The Treasury even says this.

    At least you aren't using predictive estimates as analysis. It's a start.
  5. dangolegators
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    dangolegators Well-Known Member

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    It's basic math with incorrect numbers being added and subtracted. The amount of the 2009 deficit that can be attributed to Obama is in the 200 billion neighborhood, not 400 billion as you claim.
  6. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    It's more accurately around $370B (stimulus amortized over 2 years), but who's counting? Hint: not you.
  7. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    OK, get out your abacus:

    Total spending, 2009: $3.52T
    Mandatory spending (per Bush-signed budget): $1.89T
    Discretionary spending(per Bush-signed budget): $1.21T

    $3.52T - $1.89T = $1.63T
    $1.63T - $1.21T = .42T / $420B
  8. dangolegators
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    dangolegators Well-Known Member

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    Well since your initial numbers were 800 billion on Bush and 400 on Obama, and now you've got it at 900 billion on Bush and 370 billion (still too high) on Obama, you are at least becoming a little less ignorant due to this debate. I am glad I could help you learn something today.
  9. asuragator
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    asuragator Well-Known Member

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  10. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    No, not too high, actually. I was just using rough #s. Remember, I was countering the sentiment that Obama "inherited" $1.2T in deficits.

    Here are the specifics:
    $3.52T total spending
    $3.1T allocated by 2009 Federal Budget
    $420B additional spending allocated by Obama, including 2-year stimulus spending.
  11. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    My actual assertion: Obama did not inherit a $1.2T deficit

    What you seem to think I said: Obama was responsible for the bulk of the 2009 deficit
  12. dangolegators
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    dangolegators Well-Known Member

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    You understand that what a budget says spending will be and what spending actually ends up being are 2 different things, right? Bush's budget doesn't even include the TARP money that he spent in late 2008. And it could only guess how much the mandatory expenditures like unemployment would be.
  13. dangolegators
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    dangolegators Well-Known Member

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    Your initial assertion was that Obama inherited an 800 billion deficit. It was much higher than this.
  14. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    My initial assertion was that $1.2 was not correct. It was higher than $800B, but Obama's spending was also higher than $400B. This is known as "rounding," but I'll make sure not to do it in the future now that I know it hurts your brain.

    You realize that Bush would be out of office when that spending would have occurred, right?
  15. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    I'm not sure who you think gets the blame for spending outside of the budget ... the current president or the former?
  16. dangolegators
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    dangolegators Well-Known Member

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    Too funny. You realize that your CBO quote says between 2009 and 2019, right? Half of it was not spent in the last 6 months of fiscal 2009.
  17. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Actually, that was a typo and I removed it. It was amortized between the 2009 and 2010 fiscal years.
  18. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    And if you note, the point of this thread is that Obama reduced the deficit by half. That only jibes if you accept that Bush was responsible for $300-$400B more spending than he had approved before leaving office.

    It's ludicrous.

    The deficit may well be halved during Obama's term, but it isn't there now.
  19. dangolegators
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    dangolegators Well-Known Member

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    You mean the numbers you copied and pasted were a typo? Whose typo?
  20. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    My typo for not including the breakdown, which was $719B between 2009 and 2010, decreasing after 2011.

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