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2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by Bob Gray View Posttry googling federal budget deficit by year or any sort of similar variation. the numbers are at your fingertips if you take a moment to look. some people calculate it a little differently, but they all show the same general trend of an exploding national debt and massive annual budget deficits.
Am I at sea?
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by jerphisch View PostSo since 2010 was the first "Obama" budget, explain to me again how he is responsible for exploding it?"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984
"One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir
"Good news! We have a delivery." Professor Farnsworth
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by St. Clown View PostHe's responsible for continuing the explosion. He could have discontinued Bush's practices, but he chose to continue them instead.
So, he could have abolished two wars, the precipitous drop of the economy, NCLB, and Medicare Prescription D the minute he took office?
That's fantasyland.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by St. Clown View PostHe's responsible for continuing the explosion. He could have discontinued Bush's practices, but he chose to continue them instead.
Gotta dispute this as well. Obama wound down two wars that would have kept going at a much stronger pace had Bush been allowed a 3rd term. Hell, both McCain and Romney went public in their campaigns criticizing Obama for pulling all US troops out of Iraq. Obama also bargained for more cuts to the defense budget than the rest of the discretionary budget. There is zero chance the Bush/Cheney crowd would have EVER cut defense.
Obama raised taxes back up for upper income people as well, also reversing a Bush policy.Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin
"I've never seen so much reason and bullsh*t contained in ONE MAN."
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by ScoobyDoo View PostReally?
So, he could have abolished two wars, the precipitous drop of the economy, NCLB, and Medicare Prescription D the minute he took office?
That's fantasyland."The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984
"One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir
"Good news! We have a delivery." Professor Farnsworth
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by St. Clown View PostAll of those spending items were impacting the budget long before 2009. They weren't the cause of the jump. Take off your blinders. The falling economy, for which all of that stimulus spending done by both Bush and Obama has failed to achieve their stated goals (7% unemployment by when?), are really what caused those figures to skyrocket.
Fact is everyone knows including those on Capitol Hill that Governments spend more when the economy is bad and spend less when the economy is good. Under Bush we decided to spend spend spend while the economy was good. That was the underlying problem.
To be honest I don't know why Wall Street continues to skyrocket while main street remains unemployed. I'm pretty sure though that is has nothing to do with anything Obama or even Bush did.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by St. Clown View PostAll of those spending items were impacting the budget long before 2009. They weren't the cause of the jump. Take off your blinders. The falling economy, for which all of that stimulus spending done by both Bush and Obama has failed to achieve their stated goals (7% unemployment by when?), are really what caused those figures to skyrocket.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by jerphisch View PostThere is definitely some truth to that, but there is also some "accounting" that went in to the deficits on the link you provided. If you simply look at the annual growth in the national debt here you'll see that the debt was growing at a much higher rate than shown in those deficit numbers. I believe most of that is because somehow during the bush years the wars didn't count.
Found it.
WASHINGTON — For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projections look smaller. The price of more honest bookkeeping: A budget that is $2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials.
The new accounting involves spending on the wars in Iraq and Afghanistan, Medicare reimbursements to physicians and the cost of disaster responses.
But the biggest adjustment will deal with revenues from the alternative minimum tax, a parallel tax system enacted in 1969 to prevent the wealthy from using tax shelters to avoid paying any income tax.Last edited by ScoobyDoo; 12-19-2013, 11:19 AM.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by burd View PostLooking at the available charts on deficit numbers, it appears that the gross federal deficit as % of GDP increased dramatically under Reagan/Bush I. Then Clinton reversed the trend significantly (surplus!?). Under Bush II, the debt escalates again similar to the rate during Reagan/Bush I, then goes up like a bottle rocket before he leaves office. The rate Bush II left continues under Obama or abates slightly.
Am I at sea?Originally posted by PricelessGood to see you're so reasonable.Originally posted by ScoobyDooVery well, said.Originally posted by RoverA fair assessment Bob.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by Bob Gray View PostI think the messy part is that things were going downhill when Bush left and Obama came in. And one can read the numbers around that time differently depending on one's agenda. To me, I give Obama more of a pass on the first year, maybe even two, given the economic problems. Where I have a bigger issue is that the spending continued to be at a high level well beyond then. I recall Obama saying a number of times that the high deficit spending was only a short term measure and that the deficit would then shrink way back down soon thereafter, which turned out to be entirely baloney.
I'm a bit less cynical on this. You have to be real, real careful about cutting spending too fast or you get a double dip recession which is doom. England followed these idiotic policies and needs a magnifying glass to find sustained growth while the US is starting to hit 3%. Its a real fine line between getting the deficit under control and cutting off your nose to spite your face. IMHO any more large scale cutting and you will strangle the recovery.
Now I will give credit where credit is due. The Dems never would have had the balls to cut defense spending on their own. So, give the Republicans in Congress their props. I as the biggest liberal out there am perfectly happen to exchange defense cuts for domestic program cuts at a roughly 55/45 % basis (not sure of the exact breakdown, but its more weighted towards defense as that's the largest program). Whether by luck or design, this has actually happened. Aside from social security, the hardest item to cut is national defense as even Medicare gets reduced now and again. I don't think defense spending has been reduced since Vietnam ended.Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin
"I've never seen so much reason and bullsh*t contained in ONE MAN."
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by Bob Gray View PostI think the messy part is that things were going downhill when Bush left and Obama came in. And one can read the numbers around that time differently depending on one's agenda. To me, I give Obama more of a pass on the first year, maybe even two, given the economic problems. Where I have a bigger issue is that the spending continued to be at a high level well beyond then. I recall Obama saying a number of times that the high deficit spending was only a short term measure and that the deficit would then shrink way back down soon thereafter, which turned out to be entirely baloney.
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
BTW, did Opie lose his internet privileges at the nursing home again or did he just drop dead? Haven't heard from him in awhile and he usually never passes up a chance to defend his hero George W Bush.Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin
"I've never seen so much reason and bullsh*t contained in ONE MAN."
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Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her
Originally posted by jerphisch View PostOk...so growth in the debt in 2008 was about 1T, all before any of the 2009 stimulii, which caused 2009 to grow to 1.9T, 2010 1.6T, 2011 1.2T, 2012 1.2T and 2013 is estimated at .7T. How is that not a short term measure that has shrunk way down?Originally posted by PricelessGood to see you're so reasonable.Originally posted by ScoobyDooVery well, said.Originally posted by RoverA fair assessment Bob.
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