55
   

AMERICAN CONSERVATISM IN 2008 AND BEYOND

 
 
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 01:02 pm
@Cycloptichorn,
Cycloptichorn wrote:
I submit that the numbers you are presenting from the WH site are false and do not reflect actual spending. If you disagree, provide evidence for why we have accumulated much more debt than your numbers show.

Cycloptichorn wrote:
I submit that the numbers you are presenting from the WH site are false and do not reflect actual spending. If you disagree, provide evidence for why we have accumulated much more debt than your numbers show.

I have supplied my evidence that my numbers are correct. You have not supplied your evidence that your claim above is correct.

Get with it! Start with the link you used so I can check to see:
(1) if you are reading and interpreting your source's debt numbers correctly;
(2) if your source is what you claim it is.

cicerone imposter
 
  1  
Reply Wed 22 Apr, 2009 01:09 pm
@ican711nm,
I didn't add up any numbers; those are numbers provided by the Office of Management and Budget (OMB).
Cycloptichorn
 
  1  
Reply Wed 22 Apr, 2009 01:14 pm
@ican711nm,
ican711nm wrote:

Cycloptichorn wrote:
I submit that the numbers you are presenting from the WH site are false and do not reflect actual spending. If you disagree, provide evidence for why we have accumulated much more debt than your numbers show.

Cycloptichorn wrote:
I submit that the numbers you are presenting from the WH site are false and do not reflect actual spending. If you disagree, provide evidence for why we have accumulated much more debt than your numbers show.

I have supplied my evidence that my numbers are correct. You have not supplied your evidence that your claim above is correct.

Get with it! Start with the link you used so I can check to see:
(1) if you are reading and interpreting your source's debt numbers correctly;
(2) if your source is what you claim it is.


Why didn't you just click on the link in the first place?

http://www.treasurydirect.gov/NP/NPGateway

See the .gov there? It's an official US treasury site that lets you choose dates, and reports the actual amount of the debt on those dates.

I measured from 1/20/2001 to 1/19/2009, and got the results:

01/19/2001 5,727,776,738,304.64
01/16/2009 10,628,881,485,510.23

Feel free to check for yourself. But it seems quite apparent that the numbers you are getting from the WH site do not represent the actual amount of debt accrued during this time period, and not by some small amount, but by a factor of about 2.5.

Cycloptichorn
cicerone imposter
 
  1  
Reply Wed 22 Apr, 2009 01:20 pm
@cicerone imposter,
ican, Please contact OMB and tell them their numbers are wrong. LOL
0 Replies
 
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 01:25 pm
@cicerone imposter,
Ah Ha! That, Cice is exactly my point! First, you incorrectly transcribed the deficit number for the year 2013. Then while you did in fact correctly transcribed the 2010-2019 deficit total, you neglected to add those numbers yourself to discover that your source (my source too) was wrong about the correct sum for 2010-2019.

I check my sources as best I can. I recommend you do the same.

cicerone imposter
 
  1  
Reply Wed 22 Apr, 2009 01:36 pm
@ican711nm,
No, ican, we're talking about the budget from 2010 - 2019. The number I provided is from the OMB. I'm not talking about one year, 2013.
0 Replies
 
Debra Law
 
  2  
Reply Wed 22 Apr, 2009 01:44 pm
@Foxfyre,
Foxfyre wrote:
I was not discussing the merits of whatever projects the government takes on, though at least defense spending, however wasteful, is Constitutionally authorized while a bridge that benefits only a narrow and relatively small group of Americans is not.


FALSE. Funding bridges, roads, transportation systems, etc., is authorized by the Constitution under the Commerce Clause.

You fail to comprehend Congress's vast powers under the Commerce Clause. Even what appears to be a wholly local activity, such as a farmer accessing local roads for the purpose of trucking his grain to market, substantially affects interstate commerce. Obviously, the ECONOMY IS STIMULATED when businesses are able to get their products to the market and in the hands of consumers. Because Congress is constitutionally responsible for interstate commerce, Congress may fund local roads, bridges, highways, and other modes of transportation.

Here's an excerpt from an article that sheds light on the extreme importance of our nation's roads, bridges, and highways with regard to our national prosperity:

Quote:
In April 1939, executives of the General Motors Corporation inaugurated a major exhibit at the New York World's Fair. Named "Futurama" " a word intended to signify a panorama of the future " the General Motors' exhibit immediately became the Fair's most popular attraction. . . .

To wide-eyed residents of a nation still suffering the effects of the Great Depression, Futurama's designer, Norman Bel Geddes, emphasized the idea that a future of fast-flowing traffic on modern and beautifully designed, limited-access highways would help restore prosperity and hope to residents of city and countryside. . . .

City Versus Country

In 1944, as America's leaders planned for the end of World War II, the possible Interstate Highway System was on the federal legislative agenda. Members of the U.S. Congress and President Franklin D. Roosevelt, however, could not at first agree on terms for funding postwar highway construction. One dispute was that farm groups and their many representatives in Congress wanted more federal aid to construct miles of low-cost roads that would make it easier for farmers to bring crops and families to nearby towns and markets. At the same time, representatives from New Jersey and New York and other east coast states with large urban populations demanded additional funds to pay for roads that would help improve traffic in congested cities. Proponents felt that federal money for highway projects promised a vast public works program for members of the armed forces as soon as the war ended. Truck owners, however, were not interested in whether highway building fostered jobs or improved property values. Leaders of the American Trucking Associations, a trade group composed of thousands of truck fleet owners and managers, urged reduction of gasoline taxes and construction of key routes that served shipping traffic.

Late in 1944, political leaders and leaders in the American trucking and farm industries reached a compromise. The federal government would pay 50 percent of the cost of building roads in cities as well as in rural areas important to farmers. As well, Congress would pay 50 percent of the costs to continue construction of the original federal-aid highway system, which since 1921 had formed the backbone of U.S. highways and included such well-known routes as US 66 running from Chicago to Los Angeles. To pay for all of that projected postwar road building, members of Congress voted to appropriate the then-gigantic sum of $450 million a year for three years starting as soon as the war ended. As part of this legislation, Congress authorized construction of the Interstate Highway System, but did not appropriate funds specifically to pay the immense costs for building it. Rather, Congress authorized state officials to transfer up to 25 percent of federal grants for highway construction to build the IHS.

During the late 1940s, however, few of those involved either at the federal or state level were willing to divert funds from relatively inexpensive urban and rural roads that promised to speed up traffic and get farmers to market in order to build 40,000 miles of the still untested and far more costly (per mile) Interstate Highway System. More important than engineering miracles, the $450 million appropriated by Congress promised construction contracts and jobs in every state of the union and certainly in most congressional districts. Disputes about the distribution of money " highway mileage politics, in other words " have always played an important role in shaping American highway legislation. In any event, in December 1944, President Roosevelt signed the Federal-Aid Highway Act of 1944, launching the largest and certainly the most expensive road-building program in the history of the federal government.

LINK

When you assert that funding wars is constitutional, but funding roads is not, you are LYING.

Your statement that you "strongly question whether ANY federal projects are more cost effective, thrifty, or less wasteful than defense contracts," makes all of us strongly question your sanity. Right after Bush commenced the first war, it was reported that the Secretary of Defense could not account for 2.3 trillion dollars in transactions.

Quote:
The War On Waste
Jan. 29, 2002

"According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.

$2.3 trillion " that's $8,000 for every man, woman and child in America. To understand how the Pentagon can lose track of trillions, consider the case of one military accountant who tried to find out what happened to a mere $300 million.

"We know it's gone. But we don't know what they spent it on," said Jim Minnery, Defense Finance and Accounting Service.

http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml

How many here believe, since the above report was released in January 2002, that the Department of Defense has become the paragon of cost effectiveness and thrift?





cicerone imposter
 
  2  
Reply Wed 22 Apr, 2009 01:48 pm
@Debra Law,
Most third world countries do not improve their economy based on their under-developed infrastructure. Most people who have studied economics know that infrastructure is the foundation of a healthy economy.

It was only a couple of decades ago when Russia's infrastructure was so broken (and socialism didn't help), they couldn't deliver food stuffs from their farms to the cities.
0 Replies
 
FreeDuck
 
  3  
Reply Wed 22 Apr, 2009 02:10 pm
@Foxfyre,
Foxfyre wrote:

I WAS discussing which type of expenditure best creates jobs and stimulates the economy.

That's what I was addressing.

Quote:
IMO, defense spending wins hands down over pork barrel projects whether we are at war or at not.

Defense spending often constitute pork barrel projects. Ask John Murtha, who has been bringing DOD bacon to his region of Pennsylvania for years.

Quote:
I have spent a lot of the last 25 years in a business that puts me in the position of seeing a lot of payrolls, balance sheets, and bottom lines and we are in a state more than moderately dependent on the defense industry for private sector jobs. Those companies contracting with the bases, labs, missile ranges, and other government installations here throw a LOT of business to others who are not directly involved with the defense industry.

Sure. But that's just a measure of the size of the DOD. Anytime you have a ginormous enterprise that gets money pumped into it as if money were a renewable resource, you will get these secondary and tertiary dependencies. That's just big government you're talking about. If we had a public works department that was the same size as the DOD you'd see the same thing.

Quote:
I have also seen the books on some of those pork barrel projects that our esteemed legislators have brought into the state. Yes they do provide work for some people for a short period of time. Too often they involve contractors that come from somewhere outside the local area, and when the project ends after a few weeks or months, those people leave with their money and the local folks are little or no better off than before. They might have a bridge to show for it, but I think given the option of planning, designing, and building the bridge with local funds and local people, they would opt for that.

Why don't they have that option?

Quote:
Also, based on the comments of the contractors who do the work and their amazement at the utter incompetence of some of the government policy, I strongly question whether ANY federal projects are more cost effective, thrifty, or less wasteful than defense contracts.

It's the federal government no matter how you slice it. Are you missing the fact that defense contracts ARE federal projects? GAO reports on government waste consistently show DOD as the top offender. Most of that is probably due to its size and the sheer number of opportunities it has to waste money. Add to that the revolving door between the DOD and contractors, who scratch each others' backs with uncle sam's tickle stick in perpetuity. The last GAO report I know of was in 2005: http://www.washingtonpost.com/wp-dyn/articles/A36544-2005Jan25.html
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 02:12 pm
@Cycloptichorn,
WHICH SOURCE SHALL I BELIEVE? WHICH SOURCE IS THE MORE ACCURATE ONE? WHY DO YOU THINK SO?
Source (1)
http://www.treasurydirect.gov/NP/NPGateway
http://www.publicdebt.treas.gov/
http://www.treasurydirect.gov/NP/BPDLogin?application=np

Source (2)
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf

Are Sources (1) and (2) both talking about the same debt accumulation? Perhaps yes, perhaps no! ?

Accumulated Debt According to (1)::
01/16/2009 = 10,628,881,485,510.23
01/19/2001 = 5,727,776,738,304.64
Increase = 4,901,104,747,205.56.
4,901,104,747,205.56 ~ $4.901 trillion.

Accumulated Debt According To Source (2):
$1.9617 trillion

Accumulated Debt According To Source (1) is almost 2.5 times Accumulated Debt According To Source (2)! ?





cicerone imposter
 
  1  
Reply Wed 22 Apr, 2009 02:17 pm
@ican711nm,
ican, You have learned nothing about government budgets. They change. Is that a surprise for you? LOL

When we use a government source for their budget, it's never 100% accurate. NEVER, nor do they include "everything they spend." Budget actually translates into "playing games with numbers." It's the same with state and local governments. They play games with numbers.
0 Replies
 
Cycloptichorn
 
  1  
Reply Wed 22 Apr, 2009 02:19 pm
@ican711nm,
ican711nm wrote:

WHICH SOURCE SHALL I BELIEVE? WHICH SOURCE IS THE MORE ACCURATE ONE? WHY DO YOU THINK SO?
Source (1)
http://www.treasurydirect.gov/NP/NPGateway
http://www.publicdebt.treas.gov/
http://www.treasurydirect.gov/NP/BPDLogin?application=np

Source (2)
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf

Are Sources (1) and (2) both talking about the same debt accumulation? Perhaps yes, perhaps no! ?

Accumulated Debt According to (1)::
01/16/2009 = 10,628,881,485,510.23
01/19/2001 = 5,727,776,738,304.64
Increase = 4,901,104,747,205.56.
4,901,104,747,205.56 ~ $4.901 trillion.

Accumulated Debt According To Source (2):
$1.9617 trillion

Accumulated Debt According To Source (1) is almost 2.5 times Accumulated Debt According To Source (2)!


Yes. I believe the White House numbers are incorrect. They do not provide accurate projections of all costs and do not provide for interest payments on our current debt.

Cycloptichorn
0 Replies
 
Foxfyre
 
  1  
Reply Wed 22 Apr, 2009 03:20 pm
http://media.townhall.com/Townhall/Car/b/cb0422wj20090422061947.jpg
0 Replies
 
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 03:29 pm
@ican711nm,
Schedules of Federal Debt
(in millions)
As of April 20, 2009 ................... Principal
Held By the Public ..................... $6,899,067
Intragovernmental Debt Holdings ... $4,275,823
Current Total ......................... $11,174,890 = $11.175 trillion

Does the Federal Debt held by the public = the total current BUDGET DEFICIT?
Cycloptichorn
 
  1  
Reply Wed 22 Apr, 2009 03:30 pm
@ican711nm,
ican711nm wrote:

Schedules of Federal Debt
(in millions)
As of April 20, 2009 ................... Principal
Held By the Public ..................... $6,899,067
Intragovernmental Debt Holdings ... $4,275,823
Current Total ......................... $11,174,890 = $11.175 trillion

Does the Federal Debt held by the public = the total current BUDGET DEFICIT?



Compounded, plus interest.

Cycloptichorn
Foxfyre
 
  1  
Reply Wed 22 Apr, 2009 03:31 pm
@FreeDuck,
I think you're missing the whole point FD. I haven't suggested that all were not federal projects. I am only suggesting that IMO defense contracts historically have produced economic stimulus that creates jobs in ways that most pork barrel projects don't. I provided my reasons why. You are not obligated to accept my reasons, but you have so far not provided any argument directly related to that which disputes my opinion.

And of course people have the option to take the initiative to take care of their own projects and would do so if the projects were seriously needed and if the Federal government shrunk back to its Constitutionally authorized responsibilities and otherwise left the money with the states, local governments, and individuals to get things done.

The problem with most arguments I see from the Left is that they do not see it as an option for the Federal government to not do something. They seem to mostly think that if the Federal government doesn't do it, it won't get done at all. But that doesn't hold up historically either.

I still say that if our Federal leaders seriously want to stimulate the economy, the very best way they can do that is to freeze or reduce all spending, taxes, and focus only on the Constitutionally mandated responsibilities and existing fiscal obligations of the federal government. This would roll back those astronomical deficits immediately and buy us time to deal constructively with and head off the entitlement avalanche that is coming down the mountain. If our leaders would do that, we would see the economy respond immediately and we would climb out of the recession in a much shorter time than we will otherwise be able to do.
0 Replies
 
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 03:40 pm
@ican711nm,
http://static.scribd.com/profiles/images/auw7rfzmnovul-full.gif
http://static.scribd.com/profiles/images/auw7rfzmnovul-full.gif
cicerone imposter
 
  2  
Reply Wed 22 Apr, 2009 03:55 pm
@ican711nm,
Ironies never cease. LOL
0 Replies
 
ican711nm
 
  1  
Reply Wed 22 Apr, 2009 04:27 pm
@ican711nm,
http://www.cbo.gov/ftpdocs/100xx/doc10014/HistoricalMar09.pdf
Table F-1.
Revenues, Outlays, Surplus, Deficits and, Debt held by the Public, 1969 to 2008. (billions of dollars)

This is from the CBO (i.e., Congressional Budget Office)

My data is from:
http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf
(FROM HISTORICAL TABLES: TABLE 1.2, PAGE NUMBERED 25)
GWB ACTUAL BUDGET SURPLUS & DEFICITS IN $BILLIONS
2001 130.8
2002 -155.7
2003 -378.3
2004 -414
2005 -318.2
2006 -247.3
2007 -164
2008 -415
GWB TOTAL BUDGET DEFICIT 2001 THRU 2008 = 1961.7 BILLION

I await with great trepidation how Obama's actual deficits will compare.
cicerone imposter
 
  1  
Reply Wed 22 Apr, 2009 04:50 pm
@ican711nm,
ican, How many times must people point out to you that you cannot compare a Bush budget with a Obama budget. Try to guess why, and try real hard, because you seem to miss the basics of what is required for federal budgets, and how it's impacted by our economy.

Also, try to be honest and figure out why the 2001 budget had a surplus.
 

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