Junior y Chino Because we love America

Bush Spent Too Much Money?!?!

I figured if I started it that way, I could get all the people who thought that the "idiot" Bush or the "retard" Bush messed up this country!  He spent so much money on two wars that we had no business getting into.

I would be remiss if I didn't start off by saying that I was one of those who believed the aforementioned "misinformation".  I excoriated President Bush along with all of the other liberals and/or progressives who believed that he had no business keeping this country safe.  That is not the point of my discussion today though.  I must however, point out that President Obama has not changed course in President Bush's military policy.  We remain in Iraq and in Afghanistan.

All I keep hearing lately is, "we need to give him a chance to fix what that idiot did" or "he's doing his best"... WHAT?!?!  Is that it?  Is that all you have to say about President Obama going on a spending spree, the likes of which we have not seen before in the history of this country or the world for that matter.  The angering effect of statements such as those are two fold.  First, no one had a problem with expressing dissent or worse, animosity, contempt, disdain, etc, for President Bush when he spent money to keep us safe, which is the primary responsibility of our "Commander in Chief"!  Secondly, during the first couple of months of the current administration, I began to notice a trend.  Every left-leaning individual and every liberal news organization were apt to decry all of President Bush's actions and defend those of President Obama's... in itself that is all well and good, but I noticed that it was being done without explanations or facts given to those of us being exposed to the diatribe or praise.

If I offer any kind of dissenting remark, it is met with "you're a racist", "you're just not ready for a black president", "you're being unfair", "Bush had eight years", "you're such a republican", and best of all "you're a communist!"  But I digress...  I am going to show you how a patriotic Libertarian, with respect for others' opinions and the liberty (for now) to back up his arguments with FACTS and not deflect by accusing someone of racism for disagreeing with how monies are being appropriated in our current economic implosion, refutes a statement like "Bush spent too much money" and proves one like "What the hell is Obama thinking with all of this spending?!?!"

Let me start off by saying that this is information I have gathered from the NON-PARTISAN Congressional Budget Office.  You can review the actual and projected budget deficits for the next 10 years, here http://www.cbo.gov/ftpdocs/105xx/doc10521/budgetprojections.pdf).  Does anyone feel like I've accused you of racism yet?  No?  Ok then, let's begin.  I should state quickly that the budget deficit is the amount by which we are over spending... that is, the negative difference between the revenue of the country (in the form of taxes and such) and how much we are spending.  So, the projected budget deficit for 2009 (President Obama's first full year in office) is $1.7 trillion dollars.  The deficit for 2008?  $640 billion... less than half.  Moreover, the 2008 budget deficit is exacerbated dramatically by the first stimulus package which was under Bush's watch.  To put things into perspective for all you Bush haters, the amount we are OVER spending this year is more than twice the bank roll for the entire 7 year Iraq war!

If no one is feeling like I am calling them a mobster, a racist, or a Swastika yielding extremist yet, I'd like to continue instead with some actual facts (please take note Olbermann and Garafolo).

• Our current national debt is $11.7 trillion dollars
• Over the next ten years, we will be adding $9 trillion
• Every trillion dollars we add to the accumulated deficit or DEBT, means an extra $50 billion IN INTEREST PER YEAR
• I am throwing this one in hear as some more candy for you to digest.  This is not a quantifiable result based on the numbers put forth by the CBO, but based off the money we owe and I will find it somewhere darn it!... and the amount of debt we owe China, we are already paying them $800 MILLION dollars per week.  A few more trillion and we will be paying a billion dollars a week just IN INTEREST!

So if I may direct you to my friend Chino's post (http://www.juniorychino.com/2009/07/27/how-much-money-do-you-make/) to put things in perspective of the impact that this profligate spending will have on your life and that of your posterity.

I challenge President Obama's supporters to show us proof of how the administrations plans to spend our way to prosperity.

God Bless America-
Junior

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For a continuation of this thought see my comment below.

Thanks, yo soy el Chino!!