Page 12 of 12 FirstFirst ... 2101112
Results 111 to 117 of 117

Thread: Obama to ask for increase to debt ceiling in a 'matter of days'

  1. #111
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Eighty Deuce View Post
    No. Not for every year they do not. And not at twice the next closest.
    Yeah they do. You're just getting tricked by a misleading stat. We play with bigger numbers every year. Inflation, the GDP grows, etc. So naturally the deficits get bigger. If you want to make comparisons across time you would need to look at deficit as a percentage of GDP and then Obama's highest year barely makes the top 10.

  2. #112
    User
    Join Date
    Jan 2012
    Last Seen
    01-13-12 @ 01:24 AM
    Lean
    Undisclosed
    Posts
    5

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    I like money a lot!

  3. #113
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by teamosil View Post
    Most presidents own the highest deficits ever when they're in office. Bush did, Reagan did, etc.
    But...but...but...Clinton had a surplus????

  4. #114
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Dickieboy View Post
    But...but...but...Clinton had a surplus????
    He did at the end. Not sure if he ever had a record breaking deficit at the start though. Maybe. With inflation and GDP growth it's pretty rare that a president doesn't have at least one year that breaks the record in terms of absolute dollars.

  5. #115
    Skeptical Optimist
    Rhapsody1447's Avatar
    Join Date
    Aug 2006
    Last Seen
    09-20-17 @ 02:57 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,510

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by teamosil View Post
    Yeah they do. You're just getting tricked by a misleading stat. We play with bigger numbers every year. Inflation, the GDP grows, etc. So naturally the deficits get bigger. If you want to make comparisons across time you would need to look at deficit as a percentage of GDP and then Obama's highest year barely makes the top 10.
    That's just not true, the only years that beat Obama was WWII 1942-1945. Using this metric, Clinton had a higher deficit in 1993 than Bush ever had.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

  6. #116
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 02:54 PM
    Gender
    Lean
    Liberal
    Posts
    23,373

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Rhapsody1447 View Post
    That's just not true, the only years that beat Obama was WWII 1942-1945. Using this metric, Clinton had a higher deficit in 1993 than Bush ever had.
    The Cato Institute says 2009 deficit belongs to Bush so he holds the record deficit still. Budgets are not for 1 year either, most programs are continuous expenses. No President added to those programs more than Bush....and no President grew Govt. more. He added more public employees too. Then his policies crashed the economy and revenues went in the toilet. We will get out of this but we will need 18% of GDP in Revenue to do it. Nothing can change that, so stop your whining. The time to do that was years ago and you missed the boat. You probably were flipping houses in Bush's bubble.

    Don’t Blame Obama for Bush’s 2009 Deficit | Cato @ Liberty
    Last edited by iguanaman; 01-13-12 at 01:59 AM.

  7. #117
    Skeptical Optimist
    Rhapsody1447's Avatar
    Join Date
    Aug 2006
    Last Seen
    09-20-17 @ 02:57 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,510

    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by iguanaman View Post
    The Cato Institute says 2009 deficit belongs to Bush so he holds the record deficit still. Budgets are not for 1 year either, most programs are continuous expenses. No President added to those programs more than Bush....and no President grew Govt. more. He added more public employees too. Then his policies crashed the economy and revenues went in the toilet. We will get out of this but we will need 18% of GDP in Revenue to do it. Nothing can change that, so stop your whining. The time to do that was years ago and you missed the boat. You probably were flipping houses in Bush's bubble.

    Don’t Blame Obama for Bush’s 2009 Deficit | Cato @ Liberty
    Okay, we'll give 2009 to Bush (even though the 2009 stimulus added to those deficits), it still puts 2010 and 2011 near the top (and the all-time top if you ignore WWII) in terms of deficit as a % of GDP.

    1. I never defended Bush nor his spending policies, I'm sorry you are so obsessed with hating the man.
    2. You continue to blame Bush policies for sinking the economy in 2008, something you have refused to elaborate on.
    3. I'm not whining, I didn't miss any boats, and I'm not a real estate speculator. Try and seperate partisan ideology from real people, it will make you much more enjoyable at parties in the future.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

Page 12 of 12 FirstFirst ... 2101112

Posting Permissions

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