This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.
Executive Summary: I'm right, you're wrong. You're so wrong that it raises the question as to whether you've had contact with reality lately, or if you're an involuntary guest somewhere.You're long on sanctimony, but short on reality and facts. Well, first off, the data you're posting shows, surprise surprise, almost exactly what I said: even in NOMINAL dollars, spending under Obama has not increased nearly as large as protrayed, it jumped up in 2009 and has been flat to down in nominal dollars ever since, and even lower in real dollars. Of course, the numbers you post don't actually refute anything else I said, since I addressed rate of increase relative to other presidents, but what the heck.Anyway, my data on the federal debt:Federal Total Public Debt. Data by calendar quarter, annualized. Here. http://research.stlouisfed.org/fred2/data/GFDEBTN.txtIf you drop that in a spreadsheet and look at the numbers by administration, you'll get the percentages. Note that I consider Nixon's presidency through 2q74, rather than 3q74, if that means anything.Now, I also ran those numbers as "real" numbers using the Implicit Price Deflator to adjust them. The Implicit Price Deflator data is here:http://research.stlouisfed.org/fred2/data/GDPDEF.txtThat's addressing the issue of increases in the debt over time under recent administrations.As for government receipts and government expenditures, that data is here. Again, by quarter, annualized, nominal numbers:Current Federal Government Receipts:http://research.stlouisfed.org/fred2/data/FGRECPT.txtCurrent Federal Government Expenditures:http://research.stlouisfed.org/fred2/data/FGEXPND.txtI also have run those through the implicit price deflator to get "real" numbers (for percentage increases over time), and taken the difference between the two to get a rough number for deficit as a percentage of GDP. I also take those nominal numbers and divide by nominal GDP to get receipts/expenditures as a percentage of GDP, since we were also discussing that issue. Nominal GDP can be found here (again, by quarter, annualized):http://research.stlouisfed.org/fred2/data/GDP.txtSo, when you said:You are so full of it that you don't even know how full of it you are. I don't know what it's like on your world, and I don't really want to know. I don't care how many 'recs' you get, because it's immaterial to the fact that you're clueless, and/or pulling numbers out of your rear end, and/or lying. I just came to wallow in your mire of ignorance long enough to show that you're not based in any form of reality known to rational humans. Well, I hope that answers your questions about where I am getting my data. I realize that it's not two minutes on Wikipedia looking at data that actually corroborates what I've said to the extent it's on point, but I guess I'll just have to "wallow in my mire of ignorance" a little longer.Meanwhile, your math may not be quite as near you believe.-synchronicity
Best Of |
Favorites & Replies |
My Fool |