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Make Austerity Policy in W.Va.

February 7, 2014

Too little, too late. That sums up a mini-recovery West Virginia state government recorded this month after half a year of dismal revenue figures....

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WVEXPAT

Feb-09-14 9:55 AM

But kudos to goose for actually posting data and a source instead of the general trash talk that serves no purpose.

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WVEXPAT

Feb-09-14 9:35 AM

But you do highlight a good point as it pertains to bush's initial post about job growth and austerity. In 2007 when the YEARLY deficit was only $161 billion the unemployment rate was between 4.4%-4.7% and there were MORE people employed in January 2007 (146,028,000) than in January 2014 (145,224,000).

And the Labor Force Participation Rate is lower this January (63%) than it was last January (63.6%) or January 2012 (63.7%) or January 2011 (64.2%). In addition, the Labor Force has decreased from even last January from 155,699,000 to 155,460,000 last month. Search BLS "Labor Force Statistics from the Current Population Survey" for data.

So bush's claim that "Austerity policies have stalled job growth across the nation" is certainly suspect and Goose is obviously just wrong!

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WVEXPAT

Feb-09-14 9:17 AM

"Bush Deficits *notice they increased every year under bush* FY 2009: $1,413 billion FY 2008: $458 billion FY 2007: $161 billion FY 2006: $248 billion FY 2005: $318 billion"

Do you even read what you posts?

FY 2005: $318 billion

FY 2006: $248 billion

FY 2007: $161 billion

2005 to 2007 was nearly a 50% DECREASE!!

FY2004 was $412 Billion! So 2004 - 2007 was more than a 60% DECREASE!

Again, not a great spending record by Bush, but "*notice they increased every year under bush*" is laughable!

Try again!

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WVEXPAT

Feb-09-14 7:25 AM

Goose, I doubt you'll find many people arguing in favor of Bush's spending. Obama signed numerous spending bills during 2009 so he gets a portion of that credit. As you properly note the 2007 deficit was $161 billion. The Dem's controlled both House and Senate from 2008 to 2010. I felt that there was a sort of hidden cost to the wars in that Bush would sign any bill to continue to get support.

And you are cherry picking as well as you fail to note that deficits will return to $1 trillion plus after 2020. Point out one Dem plan that will cut one penny from the unsustainable Federal debt!

The Fed can't keep interest rates around zero forever. Once they start to rise again, interest on our debt will rival SS and Medicare/Medicaid as a top expenditure.

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Gooseman

Feb-08-14 8:57 PM

usgovernmentspending dot com

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Gooseman

Feb-08-14 8:54 PM

Bush Deficits *notice they increased every year under bush* FY 2009: $1,413 billion FY 2008: $458 billion FY 2007: $161 billion FY 2006: $248 billion FY 2005: $318 billion Obama Deficits *notice they decrease each year under Obamaa* FY 2015*: $577 billion FY 2014*: $744 billion FY 2013: $680 billion FY 2012: $1,087 billion FY 2011: $1,300 billion FY 2010: $1,294 billion The rest of the facts the cherry pickers like to ignore.

Gee, what President presided as the deficits decreased? Funny how some people suddenly got their panties in a wad, while 2005-2009 they really didn't whine everyday about deficits. Why I can't take them serious, too much hypocrisy.

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WVEXPAT

Feb-07-14 8:53 PM

Bush,

The Federal govt has spent over $6.8 Trillion MORE than it has taken in since 2009 (search White House historical tables Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2018) and yet after 5 years of historical high levels of govt spending there are over 1.1 million FEWER Americans working than January of 2008 (search BLS Labor Force Statistics from the Current Population Survey - Employment Level).

All that big govt spending has made Wall St wealthier and made the suburbs of Washington DC the richest zip codes in the nation.

So state your case w/ some facts or just continue to state the same tired talking points.

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mkhunt

Feb-07-14 8:08 PM

I'd like the public to have access to all state spending figures and an outside auditor.

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BushCrimeFamily

Feb-07-14 5:17 PM

Austerity policies have stalled job growth across the nation. Why would anyone except the ultra rich embrace them?

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