The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
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.
Jobs were added.
I mean you libz can slam reagan all you want, your'e still doing it from a ridiculously weak position given our current economic situation.
1.8% GDP, practically no net new jobs, huge increases in dependent spending...
Still trying to figure out what you folks are so proud of.
The budget is a bit more complicated than the end debt result. You want to talk up Reagan and trash Obama for spending? Fine, but don't shirk away when that actual data starts to chip away at your perceptions. I care about spending and revenue trends, I want the deficit to go down and hopefully one day start paying down our debts, and looking at these factors and where they have been and are going matter. Math matters.
As for the ACA aka Obamacare, the CBO still is telling Paul Ryan that repealing the law would INCREASE the budget deficit.
As for projections, as I said before, life happens and estimates change because of that. No projections from anyone are perfect or 100% accurate, certainly not Obama's any other president's. For the most part though, I'm not talking into the "maybes" but what has happened and what is happening now.
Which I'm okay with, the private sector should lead the way, but you know, "something something liberal socialism Obama something big govt. something cult" or whatever rhetoric the internet right-wingers are babbling about these days.