Federal Budget for FY 2009

Federal Budget for FY 2009

Postby paleocon on 02/04/08, 11:18 am

For any who doubt our ability to control spending, note that George W. Bush just proposed a 3.1 Trillion dollar budget for Fiscal Year 2009 starting on October 1 of this year.  Note that Bush was the first President to propose a 2 Trillion dollar budget in 2002.  So in just eight years the Federal budget has gone from 2 to 3 Trillion dollars.  That is an increase of 50% in those eight years.  

If the Federal budget continues to increase by 50% every 8 years here is what we can expect:

2.00 Trillion - FY 2002
3.00 Trillion - FY 2009
4.50 Trillion - FY 2017
6.75 Trillion - FY 2025
10.125 Trillion - FY 2033

Assuming our GDP can maintain a 4% growth rate during this time the GDP of the United States would look something like this:

13.194 Trillion - 2006
14.841 Trillion - 2009
20.311 Trillion - 2017
27.797 Trillion - 2025
38.043 Trillion - 2033

If these numbers hold Federal spending would rise from a projected 20% to 26.6% of GDP by 2033.  

Edwards, Obama and Clinton have already proposed hundreds of billions, if not a trillion dollars of new spending in their campaigns.  I don't recall how much spending McCain has promised but I do know it doesn't include any money for fences.  

But, if the Federal budget has increased by 50% in eight years under a "compassionate conservative" Republican I think we can safely say a "good liberal" can double Federal spending every 3 to 5 years.  

If we thought the last eight years were a disaster of fiscal irresponsibility, just wait for the next four.  
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Re: Federal Budget for FY 2009

Postby Eyas on 02/04/08, 1:49 pm

I don't know about McCain, but the amazing thing is that good little Leftists like Hillary & Obama think that spending is not enough until it is 100%+ of GDP.  To them, spending that is 30% of GDP just means that 70% remains uncollected & unused by government, and is therefore wasted money until it is taxed.
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Re: Federal Budget for FY 2009

Postby paleocon on 02/04/08, 6:51 pm

Eyas wrote:I don't know about McCain, but the amazing thing is that good little Leftists like Hillary & Obama think that spending is not enough until it is 100%+ of GDP.  To them, spending that is 30% of GDP just means that 70% remains uncollected & unused by government, and is therefore wasted money until it is taxed.


What is astounding is how little liberals seem to understand basic economics.  For example, tax revenues have always gone up every time marginal tax rates have been cut.  Yet they refuse to recognize this simple, empirical fact.  They always loudly proclaim that tax revenues will go down when marginal rates are cut.  But it never happens this way.  

If liberals simply wanted to fund domestic programs at higher levels liberals should always want to cut marginal rates since it generates additional tax revenues to fund their domestic agenda.  But, liberals always reject tax cuts and instead demand tax increases which lower revenues.  Therefore, liberals are either stupid because they ignore reality or they have ulterior motives.  

Therefore, increased funding of domestic programs is obviously not their real goal because liberals always take the course of lowering revenues.  It becomes obvious that liberals actually want to control an ever increasing proportion of the US economy.  Otherwise, liberals would always demand marginal rate cuts and increased revenues instead of always demanding marginal tax rate increases and lower revenues.  Therefore, control of the economy, and thus our lives, is obviously their real aim.  Fighting  and reducing or ending poverty are simply a canard.
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Re: Federal Budget for FY 2009

Postby Eyas on 02/05/08, 3:27 am

It is universal that liberals have never taken a single course in economics.  Go ahead, ask one.  

When I meet a liberal, one of my very first questions is: "What grade did you get in your Micro- or Macro-Economics class in college?" (i.e., Econ 101 & 102)  I have asked this of more than a dozen liberals.  The only 2 answers that I've ever gotten are the oblivious "I never took economics.", or the overly defensive "why do you want to know?"

I'm sure that there must be some liberals somewhere in the U.S. who have actually taken an introductory economics course, but I've never met one.

Based on this almost incontrovertible fact, one could assume that liberal economic policies are based on ignorance -- rather than stupidity or bad intent.  However, this is not the case.  Liberal economic policies are based (like liberalism itself) on insanity -- a delusional ideology based on a near-schizophrenic detachment from reality, fact, or logic.

Next time you debate, argue, or talk to a liberal - even about something totally unrelated - ask them what grade they received in their college economics courses.  If you encounter even one liberal who has even the most rudimentary understanding of neoclassical economics, I'll shave my beard.
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Re: Federal Budget for FY 2009

Postby paleocon on 02/06/08, 10:41 pm

Eyas wrote:It is universal that liberals have never taken a single course in economics.  Go ahead, ask one.  


Well, my econ 101 course had about 500 people in it so one of them must have been a liberal.  Of course, I don't know what grade they got...
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