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Thread: CBO: Deficits To Explode As Obama Leaves Office

  1. #61
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    Quote Originally Posted by HayJenn View Post
    It was Bush that turned a surplus into a deficit with his policies.




    The Budget and Deficit Under Clinton
    Yes, Bush wracked up way too much debt. Problem is that this problem is cumulative in nature and frankly its just getting worse.

    And let's not forget, Congress spends the money.

  2. #62
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    Quote Originally Posted by KnotaFrayed View Post
    Where have you been? Mr. Obama has been trying to do that since he became President. All he got was roadblocks and has been called a "socialist/communist" for proposing such.
    The Obameter: Repeal the Bush tax cuts for higher incomes | PolitiFact
    In Obama Tax Plan, A Shift of Wealth From the Top Down

    Some people can't sort out which to use from one day to the next to try to slice and dice Mr. Obama. For a period they call him socialistic/communistic, but when its hard to refute the stock market doubling from the bottom it hit and the economy doing much better, some (many of the same) seem to want to blame him for being in bed with Wall Street and of being Bush II. Which is it?
    Lol. The Dems had their chance when they had the majority. They came in, the economy was in a shambles, and instead, what did they do? THEY FUCKED US WITH OBAMACARE.

    Talk about clueless, even some dems admit it was a mistake to focus on healthcare instead of the economy.

    Mark
    Thanks from Amelia

  3. #63
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    Quote Originally Posted by HayJenn View Post
    Or this in regards to the deficit

    The federal budget deficit will fall in 2015, the sixth consecutive year of decreases relative to the overall economy, according to new figures by the Congressional Budget Office. The office also says the U.S. economy will expand at a "solid pace" over the next few years.


    The estimate for 2015 stands at $468 billion, a modest improvement on the 2014 budget deficit of $483 billion. Both numbers are solid improvements over the $680 billion shortfall that was recorded in 2013.



    2015 Will Continue Streak Of Shrinking U.S. Budget Deficit : The Two-Way : NPR
    Amazing that it took over two hundred years for this country to rack up its first trillion dollar debt, and now, keeping the increase under 1/2 of that per year is now considered a good job.

    Look out Greece, here we come.

    Mark

  4. #64
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    Quote Originally Posted by labrea View Post
    Bush and his neocon advisors set out to destabilize the ME, and that's exactly what they did.

    They just grossly miscalculated what the destabilization would look like, but then I guess that is what happens when you are "history's actors" free from the constraints imposed by reality.
    Lol. So their goal was to destabilize the ME?

    Wow.

    Mark

  5. #65
    Human Bean KnotaFrayed's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. Knot,

    So you say that Obama is a weak, ineffectual President?

    Interesting that you would admit that.
    No Mr. Knoetze, I pointed out that presidents are not elected to be dictators, (perhaps you would prefer they are?) although you and some of your apparent friends seem to want to call Mr. Obama ineffective and the most destructive president this nation has had because of all the things he has done, at the same time. If you would read the links provided in the previous post, you would note that Mr. Obama compromised to get some, not all he desired. Perhaps something many of the citizens of this nation could learn something from. Imagine the founders of this nation never coming to a compromise about the design of this nation's government and imagine that most colonists were Tories (Conservatives) rather than for change/progress?
    Last edited by KnotaFrayed; 26th January 2015 at 06:41 PM.
    Thanks from labrea and ARMCX1

  6. #66
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    Quote Originally Posted by HayJenn View Post
    If the Bush tax cuts were so bad, why didn't the Dems, when they had total power when Obama was elected, simply repeal them?

    Mark

  7. #67
    Council Member Djinn's Avatar
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    Last edited by Djinn; 26th January 2015 at 06:05 PM.
    Thanks from mikebeat1

  8. #68
    Human Bean KnotaFrayed's Avatar
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    Quote Originally Posted by 80zephyr View Post
    Amazing that it took over two hundred years for this country to rack up its first trillion dollar debt, and now, keeping the increase under 1/2 of that per year is now considered a good job.

    Look out Greece, here we come.

    Mark
    The U.S.A in 1787 amounted to what in terms of population and number of states (territory)???

    Now?

    Have you ever heard of the "Louisiana Purchase"?
    How about "Sewards Folly??

    How about all these?
    U.S. Territorial Acquisitions

    Or this?
    https://www.americanprogress.org/iss...nded-research/

    10 World-Changing Inventions from Government Funding | The Fiscal Times

    Chapter 4: U.S. and International Research and Development: Funds and Alliances: Research Alliances:** Trends in Industry, Government, and University Collaboration

    Think by Numbers » Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

    The Corporate Welfare State: How the Federal Government Subsidizes U.S. Businesses | Cato Institute

    Taxpayer Funded Patented Inventions | Way Better Patents™

  9. #69
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    "About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006."

    The subsidies should be cut/eliminated by the way, but I DO love how Medicaid a hundred billion dollar plus program is just completely omitted. So, in what way is Medicaid NOT social welfare?

  10. #70
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    Quote Originally Posted by 80zephyr View Post
    Lol. So their goal was to destabilize the ME?

    Wow.

    Mark
    Yes.

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