[SW6906]

A lefty sent me a long email about how when you look at the spending as a function of GDP Obama is still less than Reagan and other presidents. I haven’t had the time to research and debunk it, but if anyone has seen this and can help me slam this lib down, I would appreciate it......

[NOVACPA]

This is the usual refuge of Billbot. I am sure this is the common bar graph showing the total national debt adjusted for inflation, or simply shown as a % of GDP.

None of this means that mean Clinton had a surplus...he didn’t.

It’s a deflection, as nflation was increasing faster than the national debt, or GDP was expanding faster than the debt.

That does not change the fact that Clinton never had a surplus.

[chuckee]

“A lefty sent me a long email about how when you look at the spending as a function of GDP Obama is still less than Reagan and other presidents. I haven’t had the time to research and debunk it, but if anyone has seen this and can help me slam this lib down, I would appreciate it......”

Here you go.http://visualeconomics.creditloan.com/presidential-spending-expenditures-by-year/
Your lefty friend is in liar mode big time. Under Obama, it has been the highest since WW2.

[mountn man]

I have know idea about what you're looking for, though I'm sure I could find something. I was talking to a lefty the other day. He said he heard that with all the CEO's exorbitant pay, if spread out, it would raise everybody elses pay to $22-$23 an hour.

When I got home I did a search. I started with Walmart.

According to Wikipedia: Walmarts CEO makes $35 million.
Walmart has 2.1 million employees.

Doing the math, thats about $17 per person.

According to Forbes, the top 500 CEO's made $4.5 billion.

Just for arguments sake, divide the top 500 CEO's pay, not by TOTAL employees of all 500 companies, but by JUST Walmarts employees.

$4.5 Billion ÷ 2.1 Million = $2 142.86

In other words, just over $1 an hour.

Never trust a liberals "facts"

[TheWriterTX]

Percentage of GDP is important; what your lefty friend fails to realize is there are several other factors that must be taken into consideration.

First, total sovereign debt to GDP ratio. We are at the Tipping Point, also known as the Minsky Moment.

Second, we are running a ZIRP just to pay for the interest on the debt.

Third, we are in a long-wave contraction. It's not going to get better any time soon and additional deficit spending will only make it worse.

But, they probably don't follow Ray Dalio, Bill Gross, or Kyle Bass. No doubt they are taking their talking points from that clown, Paul Krugman.

Good summary on what we face: Dangers of Additional Deficit Spending