Re: ARE YOU FVCKING KIDDING ME!!!
posted at 1/3/2013 9:38 AM EST
Here are the numbers Ostrich:
Year Federal Spending Federal Revenue Deficit/Surplus
2000 $2,325 $2,625 $307
2001 $2,367 $2,530 $163
2002 $2,515 $2,318 -$197
2003 $2,646 $2,183 -$463
2004 $2,731 $2,240 -$491
2005 $2,850 $2,483 -$367
2006 $2,965 $2,688 -$277
2007 $2,962 $2,787 -$174
2008 $3,168 $2,681 -$487
2009 $3,696 $2,212 -$1,484
2010 $3,590 $2,247 -$1,344
2011 $3,666 $2,344 -$1,322
2012 $3,563 $2,435 -$1,128
The ultimate source is the OMB. Here's the link:
I present the link because it also breaks down spending into discretionary, entitlement and net interest. It also shows the numbers from 1992 to 1999. Of interest:
- Average spending per year from 1992 to 2000 was $2,174 T. From 2001 to 2008 it was $2,776 T. From 2009 to the present, it has climbed to $3,629 T.
- Discretionary spending pe year from 1992 to 2000 averaged $771 B. During the Bush years, 2001 - 2008, it increased to $1,051 T per year. Under the current administration and congress, discretionary spending climbed to $1,340 T per year.
- Entitlement spending per year from 1992 to 2000 averaged $1,092. During the Bush years, it averaged $1,494 T. From 2009 to 2012, entitlement spending averaged $2,075 T. As I've conveyed in the past, entitlement spending is a big part of the problem. In fact, if you compare the year 2000 to 2012, you'll find that it has increased by 66%.
- Interest. All I'll say is this - fortunately interest rates are low. God help us if that changes.
Clearly, the state of the economy has impacted revenues. There's no denying that and it surely has exacerbated matters, but spending cannot continue at the present rate. In 2012, the federal government spent $10 for every $6.80 it collected. Major entitlement spending (SS, Medicare, Medicade, and Obamacare represented 44% of all federal spending in 2012 and is projected to increase to 57% in 10 years. Taxing the wealthy and upper middle class, which this president is fixated upon (either because he's a blithering idiot or because he cares only about amassing short term political capital), will not come close to fixing this problem.
As John Adams once wrote Ostrich, "Facts are stubborn things." ~
Anyway, excellent column by Fred Barnes in the Wall Street Journal. I realize, Ostrich, that you probably don't frequent the pages of the Journal, but humor me and take a look. It's a good read and does a fair job of explaining why this president is a huge part of the problem. Very simply, he does not care about brokering or negotiating a bi-partisan compromise and would rather skewer Republicans for short term political gain then deal with the long term systemic problems this country faces. Which is cause for concern, because Republicans tend to be a vengeful lot and that desire for revenge, might well jeopardize future negotiations. Anyway, here is Barnes' column: