Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘figures’

A Retrospective: Bush & the GOP’s Promises VS Reality

Posted by Warm Southern Breeze on Sunday, August 19, 2012

Does anyone remember this?

Nope. Probably not. That’s why it’s being posted here… to remind us all.

In the first Presidential Debate in 2000 with Vice President Al Gore, Jr. and former Texas governor & GOP candidate George W. Bush, the forum included questions on the topics of budget & economy, governmental reform, healthcare, Social Security, tax reform, education, energy & oil, foreign policy, homeland security, war & peace, and abortion.

As you read the responses below, consider how Read the rest of this entry »

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

A: 1.4% Q: What is the annualized spending growth rate under Obama & lowest rate of any president since Reagan?

Posted by Warm Southern Breeze on Wednesday, June 13, 2012

Who’s the Biggest Spender? Obama or Bush?

By BRUCE BARTLETT, The Fiscal Times June 1, 2012

Lately, there has been some controversy about the growth of spending under Barack Obama. It began on May 22 with a column by Rex Nutting of MarketWatch, which concluded that the rate of growth of federal spending under Obama has actually been trivial compared to the last 4 presidents.

According to Nutting’s calculations, spending has grown only 1.4 percent per year under Obama – one-fifth the rate under Ronald Reagan and George W. Bush. Following is a chart accompanying the article.

There has been a considerable amount of debate about Nutting’s calculations, which fly in the face of Republican dogma. Much involves technical accounting issues, such as how to allocate spending during fiscal year 2009. This is important because fiscal year 2009 began on September 1, 2008 during Bush’s administration, reflecting his priorities. By the time Obama took office on January 20, 2009 the fiscal year was almost half over; he didn’t submit his first budget until February 26, 2009 and the fiscal year 2010 budget is really the first one that reflected his priorities.

Nutting assigned the bulk of fiscal year 2009 spending to Bush, an assumption that other analysts have questioned. Glenn Kessler of the Washington Post found that Nutting overstated his argument in various ways. But the PoliFact site of the Tampa Bay Times concluded that the Nutting column was essentially correct.

Aside from the political implications, the reason this debate is important is because there is a tendency for people to conflate spending, deficits and debt, as well as confusing rates of change with absolute levels.

The difference between Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , | 6 Comments »

 
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