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Here is the problem with this kind of reporting... Dannymac Send a noteboard - 27/05/2010 07:12:34 AM
13 Trillion! Huge Number!

And they're adding another 200 Billion... ANOTHER Huge number! Those over-spending assholes, at this rate, we're going to owe... uh, lots!

Quick Math lesson... 200 Billion dollars= 1.52% of the National Debt. A drop in a bucket. The article is also misleading on that figure... it starts at ABOUT 300 Billion, then they say NEARLY 200 Billion, and then say "In all, 134 Billion." When did 134 start rounding up to 200, or 300 for that matter?

And another quick lesson for those crying foul: There is a difference between the spending of Bush and Obama. Bush's war spending, which almost DOUBLED the National Debt (5.6 Trillion in 2001 to 10.7 Trillion in December of 2008, according to the Treasury reports) didn't stop when the White House changed hands. Those bills are still accruing, because for better or worse our troops are THERE now and these situations won't just go away. (Yay, exit strategies.) Yeah, the Dems have some programs of their own, and those cost money. But complaining about them is like bitching about the Doctors bill when the real issue is that Caribbean Island you just purchased. ALL the public aid spending is PEANUTS compared to military spending.

This debt is horrible, and needs to be rectified. That said, you don't solve a financial crisis by tossing all your money in the mattress, either. Our government is investing in our nation. There are differing opinions as to whether or not that investment will give any sort of return, though a few already have.

So let's keep the numbers honest and the hysteria down, eh?

Eschew Verbosity
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US Debt Hits $13T - But Spending Spree in DC Continues..... - 26/05/2010 05:09:48 PM 918 Views
Look who finally remembered they oppose federal deficits. - 26/05/2010 05:26:30 PM 542 Views
Silly Joel.....please find the posts where I supported GWB's deficit spending. - 26/05/2010 05:35:13 PM 599 Views
hmmm - 26/05/2010 05:40:49 PM 538 Views
I thought overthrowing Saddam was fine.....and it worked out very well. - 26/05/2010 06:37:31 PM 508 Views
I'll take what comfort I can from this. - 26/05/2010 06:45:53 PM 599 Views
"They" plural. - 26/05/2010 05:45:48 PM 763 Views
you are so full of crap - 26/05/2010 05:59:47 PM 560 Views
Oh, they weren't silent; they were quite vocal in their endorsement of the Iraq war. - 26/05/2010 06:03:51 PM 805 Views
more ranting doesn't support your argument - 26/05/2010 06:17:22 PM 721 Views
I'll respond to the coherent part of that. - 26/05/2010 06:30:07 PM 734 Views
I wish ... - 26/05/2010 06:57:30 PM 708 Views
Is the NYT any better pieces slandering McCain and his wife before an election? - 26/05/2010 07:16:58 PM 573 Views
I don't know those articles specifically. - 26/05/2010 08:27:44 PM 643 Views
These days I typically just say, "Fox. " - 27/05/2010 03:48:40 PM 746 Views
You mean you will repsond to part that you like and ignore the part you don't because of a typo - 26/05/2010 07:18:03 PM 679 Views
Actually, I think it was a pretty thorough response. - 27/05/2010 03:57:55 PM 721 Views
then let me make is simpler - 27/05/2010 07:23:19 PM 729 Views
I'll give Joel a little hand here... - 26/05/2010 09:14:27 PM 745 Views
commas are so over rated - 26/05/2010 10:50:57 PM 541 Views
I find this image to describe the deficits pretty useful - 27/05/2010 01:56:29 AM 512 Views
Here is the problem with this kind of reporting... - 27/05/2010 07:12:34 AM 645 Views
Correct - 27/05/2010 02:11:47 PM 507 Views
The problem with that kind of logic is it is wrong - 27/05/2010 02:19:37 PM 531 Views
Yes, that would be wrong. - 27/05/2010 03:35:30 PM 549 Views
Based on Obama's budget, he will add more to the debt over the next 10 years..... - 27/05/2010 04:10:45 PM 466 Views
Increasing the debt is a problem, yes. - 27/05/2010 07:55:04 PM 840 Views
At least we agree that you are wrong because that is what you said - 27/05/2010 06:50:43 PM 498 Views
And where does the rest of the money come from? - 27/05/2010 08:12:31 PM 638 Views
No, that's for the entire Department of Defense. - 27/05/2010 08:25:28 PM 540 Views
using those numbers the war appears to be about half a drop in the bucket *NM* - 27/05/2010 08:37:31 PM 289 Views
I wouldn't call it a drop in the bucket... - 27/05/2010 09:03:43 PM 750 Views
yeah I was just being a smart ass - 27/05/2010 11:09:37 PM 753 Views
Re: And where does the rest of the money come from? - 27/05/2010 10:58:59 PM 644 Views
I interpreted it as saying... - 27/05/2010 02:22:13 PM 1003 Views
Hmmm... - 27/05/2010 03:41:15 PM 566 Views

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