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Right and Left Share Deficit Blame


I did read it, so can everyone else. You sure you want to go with that?
 
2007 budget deficit Republican control $161B
2008 budget deficit Democrat control $400B
2009 budget deficit Democrat control $1,400B

2008 spending increase Republican President Democrat Congress 9%
2009 spending increase Democrat President Democrat Congress 18%

Not all sharing is equal.
 
Go with what?

You said you quoted the second paragraph, but you didn't. I'm writing this off as a mistake on your part. You may want to reconsider your stance here.
 
You said you quoted the second paragraph, but you didn't. I'm writing this off as a mistake on your part. You may want to reconsider your stance here.

[h=3]Sequestration shrinks military readiness to risky ... - Washington Times[/h]www.washingtontimes.com/news/.../military-readiness-for-modern-warfare-at-risk-pe...



Feb 7, 2017 - Sequestration shrinks military readiness to risky levels, armed services ... the Trump administration's call for a major upgrade in the defense budget. ... bombers, tanks and warships in theAmerican arsenal to their lowest point ...
 
You said you quoted the second paragraph, but you didn't. I'm writing this off as a mistake on your part. You may want to reconsider your stance here.

SecDef speaks.

[h=3]Mattis: 'No Enemy' Has Done More Harm to Military Readiness Than ...[/h]www.thedailybeast.com/mattis-no-enemy-has-done-more-harm-than-congress



Jun 16, 2017 - Mattis: 'No Enemy' Has Done More Harm to Military Readiness ... week of June 2017,U.S. Defense Secretary James Mattis warned of ... “In the past, by failing to pass a budget on time or eliminate the threat of sequestration, ...
 
You said you quoted the second paragraph, but you didn't. I'm writing this off as a mistake on your part. You may want to reconsider your stance here.

[h=3]Military warns Congress against punting on spending - CNNPolitics[/h]www.cnn.com/2017/03/30/politics/military-cuts-congress-spending/index.html



Mar 30, 2017 - The Air Force will ground all non-deploying squadrons in the US. ... military readinesshas been cut to the bone by years of constrained budgets, .... sequestration that failed to stop the across-the-board cuts in 2013, with the ..
 
You said you quoted the second paragraph, but you didn't. I'm writing this off as a mistake on your part. You may want to reconsider your stance here.

First paragraph

Today President Barack Obama sent Congress a proposed budget request of $582.7 billion in discretionary budget authority to fund the Department of Defense in Fiscal Year 2017 (FY 2017).



Second Paragraph which I quoted

The FY 2017 budget of $582.7 billion complies with the Bipartisan Budget Act of 2015, giving the department both funding stability and protection from the damage of sequestration in FY 2016 and FY 2017. Within the confines of this negotiated amount, the budget request reflects the priorities necessary for our force today and in the future to best serve and protect our nation in a rapidly changing security environment. The base budget of $523.9 billion includes an increase of $2.2 billion over the FY 2016 enacted budget of $521.7 billion. As specified in the budget agreement, DoD’s FY 2017 overseas contingency operations budget is $58.8 billion, nearly the same as the FY 2016 enacted level of $58.6 billion. The combined request represents a total increase of $2.4 billion, or less than one percent over FY 2016 enacted levels.

If you have a point to make or want to cite something from your cite then do so.
 

There's the little problem of the Great Recession, the largest we've seen since the Great Depression. And if we're going to cherry pick years, why not go back to, say, 2000 - 2003?
 
Amtrack looses millions of dollars every year. Why are we doubling down on a loser?

Roads lose money every year, too.... It's called investing in infrastructure. It's what countries do, and the investments often "lose money." It's a legitimate government function, which is why no country relies on the 'free market' to provide it.
 
Roads lose money every year, too.... It's called investing in infrastructure. It's what countries do, and the investments often "lose money." It's a legitimate government function, which is why no country relies on the 'free market' to provide it.

Hundreds of billions of dollars worth of commerce takes place on our road ways every years. The same can't be said for Amtrack.
 

This is correct, though framing it as "mismanagement" is puzzling. We committed to keeping the elderly alive as a matter of public policy. Now we're victims of our own success as it turns out that's very expensive to do.

That's not "mismanagement," that's success! We've got lots of olds who would be dead in literally any other era of human history. And we spend to keep them going. Now perhaps we should be questioning whether that's a worthwhile goal. But of course that's incredibly controversial because so many reliable voters also happen to be rather old.
 
Hundreds of billions of dollars worth of commerce takes place on our road ways every years. The same can't be said for Amtrack.

So what? If the standard is "loses money" then apply that to the roads.

And the problem with rail is that we spend no real money on developing it, and instead keep building bigger and bigger roads, adding lanes, adding new roads, to take care of increases in traffic, and then you are complaining that the rail system we've let disintegrate into a trivial share of our national transportation doesn't carry as much traffic as the roads we've been constantly building and updating for many decades. Well, no kidding!

I know we're not Europe, but what amazes me every trip, and the latest was to Switzerland, is how easy it is to get around by rail. Takes a little longer than planes of actual travel, but by the time you mess with all the airport hassles, it's certainly no LONGER than most plane travel, and it's much easier, more comfortable, generally lots of options so if you miss one, no big deal, take the next train an hour later. Etc. Probably impossible to do it now with cities and suburbs built out - new tracks would cost a fortune - but it was a terrible decision we made as a country decades ago to focus on roads and abandon rail traffic.
 
There's the little problem of the Great Recession, the largest we've seen since the Great Depression. And if we're going to cherry pick years, why not go back to, say, 2000 - 2003?

Yes too bad the Democrats didn't pass the correct policies so it wasn't as bad and to mitigate the damage and get us into a full recovery. If you want to make a point with those numbers then post them and we can see how the Republican policies did mitigate the damage and enable us to get into a full recovery and how their one year $400B rapidly fell to a paltry $161B. The Democrats didn't even come close. Perhaps you can explain how the Republicans shared in their 9% spending increase then their 18% spending increase and their $1,400B deficit and $1,000B+ for the next four years.
 
Roads lose money every year, too....

How does I-10 running from Jacksonville FL to LA "lose money every year"? We collect a LOT of road use taxes through fuel taxes, gas taxes, heavy trucks pay excise taxes on tires and additional fees and permits. And how do you arrive at this apples to oranges comparison to AmTrack?
 
Yes too bad the Democrats didn't pass the correct policies so it wasn't as bad and to mitigate the damage and get us into a full recovery.

Yes, just turn it all over to the GOP whose policies ran us into the bubble and then Great Recession, and they'll have a better idea of how to get out of the economic disaster their policies created! Makes total sense. Prolly more tax cuts and more deregulation, I expect, cause that's all they know how to do. GOP - Answer: MORE TAX CUTS. Doesn't matter the question.


A WORLD WIDE bubble is not a sustainable "full recovery." The aftermath of a massive bubble is a crash, as we saw, world wide. So you're giving the GOP credit for conditions during the biggest credit and related housing bubble since the Great Depression, then blaming Democrats for the inevitable crash of that bubble. It's economic hackery.
 

Yep, and those taxes cover about half the cost of roads.

Who Pays for Roads? | Frontier Group

Roads don’t pay for themselves.


And it's not apples to apples. You're demanding that Amtrack (or passenger rail) be revenue neutral, carry its own load. But roads, which is the alternative, do not - taxpayers have been subsidizing roads every year for many decades, so on what basis or principle do you demand that rail transportation be revenue neutral when you don't expect the roads you use for your job to pay their own way?
 

A politically driven article whose premises is founded on a single piece of economic forecasting. :yawn:
 
So, after eight years of blaming Obama for deficits and "doubling the debt," conservatives aren't worried about deficits any longer and cheer Trump's tax-cuts, that the Tax Foundation says will cost trillions in revenue.

No, the blame isn't symmetrical. Obamacare, when passed by Democrats, was fully funded. Not so for bills passed by Republicans.
 
A politically driven article whose premises is founded on a single piece of economic forecasting. :yawn:

That's Samuelson's MO. At least he's only a partial partisan.
 

It wasn't Republican policies or Congressman who totally defended Fannie and Freddie and encoureaged more of their reckless polices and it wasn't the Republicans who turned what should have been anormal cyclical recession in a Great one and prevent a full recovery. The Democrats took control of the government ELEVEN MONTHS before the recession. And yes the Republicans demonstrated they know how to get out of a bubble economy busting, a huge stock market loss, a recession and even a 911 hitting just as we were coming out of the recession and how to get into a full recovery.
 
Yep, and those taxes cover about half the cost of roads.

Who Pays for Roads? | Frontier Group

Roads don’t pay for themselves.
That is not all the money that goes to building roads is it. The additional commerce and then taxes homeowners and businesses pay to have roads that connect their homes and businesses and vital services. Roads are vital infrastructure and Constitutionally mandated. Amtrak is not.

And BTW I support a reform of how we pay for roads so more of the cost is directly paid for by use. As car mileage has increased and we have more plug in hybrids and electrics cars are not paying what they should for road use. We should lower taxes on gas and apply a federal excise tax to new tires and on batteries that go into cars since we cannot directly monitor how much electricity the plugin is using.

So how much did I-10 lose last year?
And it's not apples to apples.

It most certainly is, roads are public works and publically owned and federally mandated, Amtrak is a private company, the people using it should pay it's cost just as taxpayers pay the cost of the roads we all use.

You're demanding that Amtrack (or passenger rail) be revenue neutral, carry its own load.

For-profit company.

But roads, which is the alternative, do not

Public works.
 
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AMTRAK is not a privately owned or profitable company it is a mostly government owned and subsidized corporation and is actaully allowed to make rules (law?).


https://www.downsizinggovernment.org/transportation/privatizing-amtrak


https://www.washingtonpost.com/poli...6135599fb0f_story.html?utm_term=.8b1f5f871e65
 
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That is not all the money that goes to building roads is it. The additional commerce and then taxes homeowners and businesses pay to have roads that connect their homes and businesses and vital services.

I don't know what point you're making. All transportation contributes to commerce, etc. including trains, and roads, and planes, and buses, and subways, etc.

Roads are vital infrastructure and Constitutionally mandated. Amtrak is not.

You'll have to cite the distinction in the constitution for me.


That's fine but misses the point. We HAVE spent decades pouring $billions per year into building and maintaining roads. If we'd done the same with rail, rail would obviously play a much bigger role in transportation - see, the rest of the world.

It most certainly is, roads are public works and publically owned and federally mandated, Amtrak is a private company, the people using it should pay it's cost just as taxpayers pay the cost of the roads we all use.

"Taxpayers" pay for the costs of both Amtrak and roads. User fees don't cover all the cost of either. It's just reality.

And calling Amtrak a "private company" is very misleading. It's a private company that gets massive taxpayer subsidies? I'd call that something else, although I know its formal structure is as a private corporation...
 
It wasn't Republican policies or Congressman who totally defended Fannie and Freddie and encoureaged more of their reckless polices

GSE's didn't cause the housing or financial crisis.

Fail no.1 noted.

and it wasn't the Republicans who turned what should have been anormal cyclical recession in a Great one and prevent a full recovery.

There was nothing in the cards for a normal downturn. The 2001 recession was easily one of the mildest downturns on record, not because it occurred during a Republican administration, but because it followed one of the greatest instances of employment, wealth, and technological gains the world has ever witnessed.

Fail no.2 noted.

The Democrats took control of the government ELEVEN MONTHS before the recession.

So what?

And yes the Republicans demonstrated they know how to get out of a bubble economy busting, a huge stock market loss, a recession and even a 911 hitting just as we were coming out of the recession and how to get into a full recovery.

More partisan nonsense. How on earth was there an economic downturn given the level of tax rates, budget deficits, and deregulation?

Fail no.3 noted.

:lol:

For clarity:


And just so you cannot claim to be unable to read the data, between 2001 and 2002, nearly $2 trillion of wealth evaporated.

Between 2007 and 2009, almost $13 trillion of wealth evaporated.

You simply don't know what you're talking about.
 
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