Page 202 of 207 FirstFirst ... 102152192200201202203204 ... LastLast
Results 2,011 to 2,020 of 2065

Thread: United States loses its AAA Credit rating from S & P

  1. #2011
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 07:27 AM
    Gender
    Lean
    Conservative
    Posts
    72,612

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    It means exactly what it says, but that is not the issue. Obama's contibution is the difference between 1.2 and 1.4 trillion. That is realitively quite small. To blame Obama and ignore Bush's contribution is illogical and quite partisan.
    No, think it is more than that, what did Obama do with the repayment of TARP, the Afghanistan supplemental, the Stimulus money. Why do you blame Bush for those items?

  2. #2012
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 07:27 AM
    Gender
    Lean
    Conservative
    Posts
    72,612

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    It means exactly what it says, but that is not the issue. Obama's contibution is the difference between 1.2 and 1.4 trillion. That is realitively quite small. To blame Obama and ignore Bush's contribution is illogical and quite partisan.
    When exactly did the CBO make that prediction on the budget deficit for fiscal year 2009? Better think before answering

  3. #2013
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 09:00 AM
    Gender
    Lean
    Conservative
    Posts
    33,525

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    There's that fabled personally responsibility at work again. First it was Clinton's fault, and now Bush's actions are all Obama's fault. Repubican personal responsibility at work?
    Wow, big surprise...Blame your opponent for your own miserable actions...Textbook projection...Alinsky would be proud.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  4. #2014
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    03-05-18 @ 03:28 PM
    Gender
    Lean
    Liberal
    Posts
    36,862

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by j-mac View Post
    Wow, big surprise...Blame your opponent for your own miserable actions...Textbook projection...Alinsky would be proud.

    j-mac
    Yes, and you should stop.



    Until you stop, you really can't make this claim of anyone else. Both hold some responsibility for our present situation. The thing is you guys spent most his term blaming Clinton, and now blaming Obama for Bush's actions. The fact check is listed above. Obama is responsible for what he has done, as is Bush responsible for his actions. You're no better than those who blamed Bush for the economy less than a month after he was elected.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #2015
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    03-05-18 @ 03:28 PM
    Gender
    Lean
    Liberal
    Posts
    36,862

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    When exactly did the CBO make that prediction on the budget deficit for fiscal year 2009? Better think before answering
    According to the link, two weeks before Obama was elected. So, what's your point?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  6. #2016
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    03-05-18 @ 03:28 PM
    Gender
    Lean
    Liberal
    Posts
    36,862

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    No, think it is more than that, what did Obama do with the repayment of TARP, the Afghanistan supplemental, the Stimulus money. Why do you blame Bush for those items?
    I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  7. #2017
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 09:00 AM
    Gender
    Lean
    Conservative
    Posts
    33,525

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.
    Where exactly is the democrat budget? To my knowledge they haven't produced one for over 830 days.....Is that how you do your household budget?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  8. #2018
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 07:27 AM
    Gender
    Lean
    Conservative
    Posts
    72,612

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    According to the link, two weeks before Obama was elected. So, what's your point?
    My point was that CBO had no idea what the cost of the stimulus would be, how much of the TARP would be repaid, how much the GM/Chrysler takeover would be, or what supplementals Obama would have. You want to charge Obama with 200 billion of the 2009 deficit? How generous of you and how wrong. Why would Bush be charged for the full TARP spending when he didn't spend it all and then received no credit for the payback? Think, Boo, I know you can do it

  9. #2019
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 07:27 AM
    Gender
    Lean
    Conservative
    Posts
    72,612

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.
    If you bothered to check the actual 2009 budget you wouldn't see a trillion dollar deficit, nor would you see TARP, the stimulus, or any supplementals.

  10. #2020
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    03-05-18 @ 03:28 PM
    Gender
    Lean
    Liberal
    Posts
    36,862

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    If you bothered to check the actual 2009 budget you wouldn't see a trillion dollar deficit, nor would you see TARP, the stimulus, or any supplementals.
    Link anything you like and we'll look at it, however, until then:
    At the time Hensarling made his claim, CBO was projecting that the deficit for the year would be lower — about $1.3 trillion. Later, on Feb. 1, Obama unveiled a new budget that would push the current year’s deficit to a record $1.55 trillion, by his administration’s estimates. But Hensarling’s claim is untrue even comparing that higher figure to any of the eight fiscal years for which Bush signed the tax and spending bills. The new deficit figure comes out to an average of just under $130 billion per month. Bush’s lowest annual deficit was just under $158 billion in fiscal 2002. It reached nearly $459 billion in the fiscal year ending Sept. 30, 2008, and, as we mentioned, was on track to reach $1.2 trillion by the time Obama took office.

    So how could Hensarling possibly justify his claim? By claiming credit for budget surpluses that occurred under a Democratic president and avoiding responsibility for the biggest deficits run up under Bush, that’s how.


    A Texas-size Whopper | FactCheck.org

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •