Wednesday Open Thread: Spending Edition
by PubliusFrom the fine folks at CATO Institute comes this chart, detailing the allocation of federal spending:
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From the fine folks at CATO Institute comes this chart, detailing the allocation of federal spending:
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76 Comments
defense? who needs it, we have Super Obama, hes so peaceful he converts all our enimies to peace and we all live in a happy United Nations world
Good morning!
oh wait…
Yeah seems like he wants to head the UN after this presidency… this is just a career step!
This current debt is being financed at artificially low interest rates. When rates move higher(inevitable), the cost of future borrowing will skyrocket. China and Arab world have us by the kahunas already. Debt will be a threat to our national security.
Yet the Progressives want to spend like drunken sailors. Elitists that they are, they expect everyone else to pick up their tab!
I am dreading waking up in the morning anymore. What fresh hell will I be met with?
I guess I understand making a power grab, but destroying everything that is America to get it? What are they gaining? If America tanks, so do they.
Global governance by socialists will bring us to the precipiece of the apocalypse
The recent budget is nothing less than Fiscal Malpractice.
Oh, to be a trial lawyer with the ability to sue the executive branch.
Doctors Emanuel, Axelrod, and Obama – after identifying that the patient has late stage lung cancer – have just prescribed two more packs of cigarettes a day. A $3.8 trillion budget? If it is not fiscal malpractice, will someone please tell us what is?
Frankly, after acting like Democrats for at least four years this past decade, Republicans share some of this blame. But, liberal tinkering has been the norm since 1932, so if the President is going to continue to blame the past he should look back a little farther than Bush. Johnson, Kennedy, Ike, Truman, Carter, Nixon, and Roosevelt all share culpability. And what was the one condition they all shared during their presidencies: the cancer of near perpetual majorities in the legislature by the Democrats since 1932. One thing is clear from this budget; hope and change mean governing like it is 1937.
Terrific
Lazy Jack
http://thanksforthelaughs.wordpress.com/2009/11/2...
I think International socialists believe they gain if America loses, Is Obama an international socialist? I wouldnt bet against it, but would bet on new orleans winning the super bowl
There are only two things we can do to change the trend- vote for someone who believes in fiscal responsibility and loves our constitution (less intrusive and a smaller government)… and convince others to vote the same way. To do otherwise is to surrender liberty.
I think Barry should of just made the budget 10 trillion…think of how great the USA would be then.
It's Bush's fault. /s
The graph doesn't even show the unfunded stuff like future Social Security commitments, Medicaid, Medicare and the Part D drug plan. The dark hole is closer to 70 trillion.
My best guess is that they all assume they're not going to get stuck in the proletariat class. They genuinely seem not to understand that it we who generate all the wealth and materiality in this world–government just consumes it. They're going to be amazed at how many of them will be seen as having outlived their usefulness, to the ruling elite, when the day comes. Let the wailing and the gnashing begin!
So, any questions left about how our dollars will soon be worthless? And folks, don't forget if we are broke then we do not have "options" in this world…
All of this reeks of a child, who finds daddy's wallet and spends the cash in it. Soon, daddy will be home, young foolish one.
Obama has a lot of nerve telling WE the people NOT to go to Vegas and spend money, because it's reckless!! HELLO, OBAMA…anybody home??? YOU are spending OUR money like you won the lottery!! Practice what you preach…I almost forgot…I was speaking to a democrat!!!!
My diagnosis of the "Bolshevik plot" comment, and its self-deprecating tone, suggests that BHO has no clue as to what the word means but he's pretty sure that he actually is one and, therefore, it must be an admirable trait.
If you think this graph looks bad now just wait until they add in Nancy's bar tab.
This preposterous concept that you have to spend to get out of debt is straight out of 'One Flew Over The Cuckoo's Nest'. The lunatics are running the asylum!
Budget: a quantity ($$$$$$$$) involved in, available for, or assignable to a particular situation; (Webster)
………………………How to Make a Budget.
The first step in creating a budget is to determine how much income you have.
Now that you know how much income you have coming in, it’s time to take a look at your yearly expenses. After you’ve listed your fixed yearly expenses, it is time to dig deeper to find out where the rest of your money goes.
You should now have all of the information needed to help you create your budget. So, go ahead and total up your yearly income and all of your yearly expenses. Subtract your expense total from your income total and you’ll have either a positive or negative number. If you have a positive number, congratulations, you are spending less than you take in. Don’t worry if you have a negative number. The whole reason for creating a budget is to identify deficiencies and find out how to address them.
Now that you can visually see how much you fall short, you can adjust your spending or saving in certain areas to improve the situation. Oftentimes you’ll realize that by just making a few small adjustments to your spending habits, you can significantly improve your situation. Maybe this means cutting back on one of your pet projects.Typically, just saving a few dollars here and there can be enough to not only make sure you spend less than you take in, but also apply a few extra dollars to things like high-interest credit debt or your defense account.
………How our Current Administration makes a budget.
Hey You Guys!….Come on over here and fill out your WISH LIST, don't forget any pet projects. Do we have it it all?
OK! Alright ! Yeah, we have a budget! Tell the Treasury department how much money they need to print to cover this. What do you mean–can't do it!…….Well tax them suckers out there in fly over country, they don't need it. They need to tighten their belts and get some skin in the game. Is my Wagyu steak ready yet?
What do you call all the money we give to Israel – anti-Defense? I jeopardized our defense which means we need to spend more on defense – much to the delight of the Military Industrial Complex: Pork for Jews!
Any fan of Keynesian economics would realize that this is the only sustainable way to pull our economy out of the tank. We have to spend our way out of this situation…Spend, spend, spend…Thank God we got Joe as VP, he'll make the message clear enough for us all to understand…<rolling eyes>
And lets not forget about the roughly 4 Trillion in unfunded liabilities that Freddie and Fannie have over their heads atm, and of course handling this was excluded from the budget…How convenient.
The graph provided by the CATO institute should be viewed as a heart monitor. With every peak, comes a trough. The green back is about to lose it's ass, and the nation is going to flat line economically before the end of this year if Obama's agenda is not stopped in one fashion or another. Obama needs at least two years to finish the fundamental transformations of this Republic, and he cannot achieve that with a stable economy, or a solid monetary system. My advice we be to start learning yoga. That way you will be able to comfortably kiss you ass goodbye when the next planned catastrophe stikes…
Check out the new version of "Mmm Mmm Mmm Barack Hussein Obama" at: http://www.myspace.com/rogerweber
You'll get a much needed laugh!
Pitchfork and torch are ready! LOL
LuiLui very sensible, and is indeed how a budget is set up.
But, we’re dealing with juveniles that want their stuff, and Barry’s stash and all? The Weimar Republic, The Great Depression, and Jimmy Carter are that history thingy, or an inconvenient truth in liberal group think. What do you expect, for these people (democrats) to get a real job? Come on…get real!
you stole my line now i have nothing to post.
What is a "precipiece"?
So global governance would be a good thing if it was Communists', or Fascists'…Just not Socialists' eh?
Brilliant…!
from his fiscal policy to his foreign policy one can only conclude that the goal of our current government is the destruction of the U.S. as a world power.
I laughed when I heard him suggest this! Scary to think how many idiots will take this as the word of 'God'. I honestly can't imagine what really happens inside that little brain which causes him to come up with this garbage, doesn't he have some really really big problems to take care?!
And botox tab.
Does Your Debt have you feeling blue? Are you in over your head? Is your check book all red ink?
————————————————————————————————————————————
Well here is the solution–straight from the dear Leader.
Take the little kids to 'Toys R Us', the teenagers to the 'Gap' and 'Best Buy', the ladies to 'Victories Secret' and the guys to 'Ye Old Gun Shoppe' and 'Cars R Us'. Tell them they can have everything they want! Spend Your Way Out Of Debt!
Do it now! It's for the good of the country. Your Present Government and Elected Pres'I' dent says it is the only way.
soon Daddy will be home and guess what?? Daddy just lost his job!!
dont put words in my mouth you fool
Please stop trashing drunken sailors. I was one once, and spent my own money to get that way.
May I suggest: Spend money like a drunken congressman.
Obamma without a teleprompter is like a drunken tight rope walker without a net.
Pretty typical of a liberal hater blow-hard to instantly resort to name calling, and personalizing the fight in order to detract from the topic. Wouldn't you say?
Trust me, It doesn't take me to "put words in your mouth" to make you look like a fool…You do a fine job of that all by yourself.
Barry’s budget…wee! LOL!
An unconfirmed news report just released by Fox, says Treasury Department reports that the new debt ceiling (just increased by Congress last month) will be reached before the end of February, 2010….this month. I sure hope this isn't true, but I'll put money on the fact that it is. If true, our credit card just got maxed again and we're emulating Japan. The government needs to start by rolling all expenses back by 10%, right now. Whether or not the goverment rolls back it's expenses, or whether it increases taxes to pay its increased expenditures, the effect rolls down to the average American. I'd prefer to take the hit today, rather than to spread the same hit over a period of years, expressed as inerest on the increased National Debt and an increased loss of independence from the Chinese.
I think part of our problem is to agree to this framing. I'd like to see a version in absolute dollars. What is the justification for examining these questions as % of GDP? That really builds in a lot of statist assumptions: that government should grow with the growth of private industry; that we need to think about government spending assuming GDP growth and assuming inflation (which government causes! They should have an inflation penalty, not an effective bonus).
No. We need to spend less. Not as a % of GDP. Not inflation adjusted.
Less.
http://www.aim.org/aim-column/obamas-internationa...
Obama’s International Socialist Connections
http://www.socialistinternational.org/viewArticle...
U.S. ELECTIONS
“Socialist International welcomes Obama victory,” 05 NOVEMBER 2008
http://www.washingtontimes.com/news/2009/jan/12/o...
Washington Times
“Obama climate czar has socialist ties”
That's predicated on spending actual cash on hand. It's more like writing checks without a thought of balancing or replenishing the checking account, then complaining that they ran out of checks. Its as if just having the checks give them the ability to spend more that they don't have. Or if you want to stick with the daddy example, getting hold of his charge card and maxing it out. These progressive socialists are printing money and spending it without anything to back it up.
To think what our GDP could be, if only the government allowed productive people to spend their money instead of looting it and redistributing it to those who refuse to make any for themselves.
I believe what Liberty was saying is that socialists are the ones in power right now. So, why focus on communists and fascists? It seems to me to be counter-productive to fight about which style of ignorance is better, they all fail.
Government spending?
Look at the value for our neighbors to the North:
CANADIANS CLUBBED
http://naturalfake.wordpress.com/2010/02/03/canad...
They do pretty well sober. Maybe we just need to likker them up so that they're too drunk to spend.
Everything is going according to plan.
That graph represents Plan B since Plan A (Communism) came up short.
Yeah, it gets worse, that Marxist-Socialist Zinn-lover John Boehner says defense cuts aren't off the table:
http://www.govexec.com/story_page.cfm?articleid=4...
"I don't think any agency of the federal government should be exempt from routing out wasteful spending or unnecessary spending and, frankly, I would agree with it at the Pentagon," Boehner said on NBC's "Meet the Press." "There's got to be wasteful spending there, unnecessary spending there. It all ought to be eliminated."
I look forward to Big Government's take down of Boehner.
This graph makes an important point.
. . . an anti-American child
Bingo.
Aaaaaaaaaaaaaaaaah! Yes!
If I want to blow my money in Vegas …… or on anything else legal….. it's none of his business.
We send the same amount to Egypt (Thanks Carter). Why don't you mention them?
I think I'll max out my credit cards and then tell the Bankruptcy Judge " Don't worry. I plan on spending my way out of debt"
Learn Chinese, develop a taste for Gubermn't cheese, read '1984' and watch Venezuela if you want to see the future in the U.S.
Don't put words in his mouth, he doesn't like that…LMFAO….!
"What do you mean I'm out of money?! I still have checks!"
How about a patriots' convention in Las Vegas?
Not under the 0bama administration.
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Good luck with that!
StanH
I know, I know a wise Latino woman, should never make a statement like that, I mean we know things on the net come back to haunt you. I think an everyday person like me is wiser in the budget making department, then say a light skinned person of (red) color, with no discernable brain cells.
It's coming down to a choice between butter or guns.
I'll be eating my toast dry.
I read yesterday that 220 years prior to 2008 (1789-2008) the US had borrowed a grand total of $5.8 trillion dollars.
In noblamas first 3 fiscal years the total borrowed is $4.4 trillion dollars. The interest payment on our debt alone was $100 billion dollars in the month of December. ONE month's interest payment!
If he's re-elected…………we're doomed.
you must have been the class clown in 2nd grade
FNC just announced the Treasury Dept stated the 1.9 tril debt increase will be spent by the end of Feb——– Yeah thats this Feb not next year !!!!!
Keep your powder dry as we may need it sooner then once thought !!!
As Rahm Emanuel put it so eloquently last Aug. "You're a f@$&ing retard"
did you stop taking your medicine again? be a good lil girl and take it
Is any one offended by Barack Obama lecturing us on frivilous wasteful spending?
Exactly. When we vote for limited govt., and the people we vote,Had better stay true too their word.
"The trouble with Socialism is, sooner or later you run out of other people's money." –Margret Thatcher
not true, as the federal government continues to bankrupt and lose power, the states will no longer pay attention to it. When enough states just don't pay attention, federal means nothing.
An example is the many states that now have marijuana. It directly goes against federal laws but the feds do nothing about it.
Keep those 47,000 military troops gainefully employed holding the fort down in Japan. Might be trouble over there one of these days.
Gee, Johnny, do ya think those troops and military personnel could get rotated in a bit to relieve the men and women that are going on multiple rotations to Iraq and Afghanastan?
Well we need to be in Japan in case they have a huge earthquake or flood, or some other natural disaster.
Ditto. Been planning a trip to Vegas with the hubs for our 22nd anni.
Anyone see this article at USAToday? It's VERY interesting.
•Chevrolet Cobalt, 2005 to 2009: Power steering could fail in as many as 905,000 vehicles, leaving them with steering that needs a lot more effort to operate.
NHTSA says it opened a preliminary evaluation, the lowest-level probe in its three-step process, which can end with a recall, because of 1,132 complaints, including 11 accidents and one injury.
By contrast, Toyota based its Jan. 21 recall of 2.3 million cars and trucks for sticking throttles on a handful of reports of gas pedals that didn't return to idle promptly when drivers let off the gas.
NHTSA says the complaints involve Cobalts with electric power steering. The feature is becoming common as a fuel-economy tactic. It takes less engine power — thus less fuel — to generate current for electric steering than to run a pump for conventional hydraulic power steering.
GM spokesman Alan Adler says the automaker is cooperating with the government. He emphasized that a preliminary evaluation is only a first step in the process, and most preliminary evaluations by NHTSA don't wind up as recalls.
http://www.usatoday.com/money/autos/2010-02-02-nh...
What I stated applies to federal, state, county and local elections. Under your assumption, I would tend to agree and also think it might not be such a bad idea to have little or no federal government.
You must be bored.