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Thread: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by MMC View Post
    ..... How about nows?

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by Grim17 View Post
    But as the report states, Obama's budget that he proposed last month has $1.4 trillion in tax increase over the next 10 years, which is "much more than claimed by the White House". He has taken the tax revenue numbers and jacked them up to make people believe that the deficit will be smaller that it will be... He has $193 billion in tax credits that he didn't count as spending, when that is precisely what they are. He also estimated nearly half a trillion dollars in revenue based on immigration reform that hasn't even come close to passing into law.

    If you don't consider that to be lying, then what exactly would you call it?

    If it were a slight discrepancy between the 2 it wouldn't be big deal, but Obama's estimated savings is more than double that of what the CBO estimates... And when you are talking about trillions of dollars, that's fricken huge.
    Yeah, and the trick that wasn't so hidden.....huh.

    CBO also notes that Obama's budget contains $193 billion over a decade in new tax credits for the working poor that officially are counted as spending because they're issued as refunds.....snip~

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by MMC View Post
    Yeah, and the trick that wasn't so hidden.....huh.

    CBO also notes that Obama's budget contains $193 billion over a decade in new tax credits for the working poor that officially are counted as spending because they're issued as refunds.....snip~
    Obama had no real world experience before he became the most powerful man in the world. Do you really think he understands the difference between a debit and a credit?

    He's an incompetent boob and he was caught here.

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by tres borrachos View Post
    Obama had no real world experience before he became the most powerful man in the world. Do you really think he understands the difference between a debit and a credit?

    He's an incompetent boob and he was caught here.
    Oh I know.....I have been on top of what he has been about since he Lost to Boobie Rush for a Congressional Seat. Even the new Book out on Hillary is showing some things about Obama. Especially how he has dealt with some things on the fly. Even changing up and going with what Hillary team said after she disagreed with him. Like On Egypt.

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by tres borrachos View Post
    So Obama's not a liar. He's just an incompetent, naive, "misleader" who will concurrently increase taxes while increasing spending.

    I feel much much better now.
    As long as the spending isn't on wars like Iraq it's a good thing. Then the taxes are investments in our future. That's a winning combination that's worked before.


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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by pbrauer View Post
    As long as the spending isn't on wars like Iraq it's a good thing. Then the taxes are investments in our future. That's a winning combination that's worked before.
    Yes, it's always a good thing when the President runs up deficits and is so clueless that he doesn't understand his own budget. Especially when it's Obama, right?

    He said he wouldn't raise taxes. Ooops. Chalk up another lie for Obama.

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by tres borrachos View Post
    Yes, it's always a good thing when the President runs up deficits and is so clueless that he doesn't understand his own budget. Especially when it's Obama, right?

    He said he wouldn't raise taxes. Ooops. Chalk up another lie for Obama.
    Greetings, tres borrachos.

    : I read that there are something like 22 new taxes connected with the ACA heading our way. Whether he said he's not "raising existing taxes," but instead he will be instituting new taxes that we haven't had to pay before, the end result is the same - we will soon be paying more in taxes than we did before! Period!

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by a351 View Post
    No one said that To use larger growth estimates than the CBO is not lying. You can easily label it as overly-optimistic, naive, or even misleading, but to call it lying would be ignoring the very nature of projections.
    To not call it lying would be ignoring the very nature of Obama.

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by a351 View Post
    Wrong on multiple levels. The projections in question aren't related to this years budget deficit but rather the long term outlook as outlined in Obama's budget proposal. It would also be a stretch to call the White House projections a lie seeing as they simply used rosier growth and revenue estimates than does the CBO (who has proven to be decidedly pessimistic recently) for the near future. It's an established pattern among politicians of all stripes.

    OF-COURSE they used "rosier growth" estimates.

    Thats highly dishonest considering the " growth " they've produced over the last 5 years.

    The CBO is just being realistic.

    Look, ObamaCare is hurting our economy, and is extending the recession like Conservatives predicted.

    And it will grow our debt.

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    Re: CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

    Quote Originally Posted by Fenton View Post
    OF-COURSE they used "rosier growth" estimates.

    Thats highly dishonest considering the " growth " they've produced over the last 5 years.

    The CBO is just being realistic.
    Keep in mind that the CBO has also proven to be overly bearish in terms of deficit and revenue projections in recent years.

    Look, ObamaCare is hurting our economy, and is extending the recession like Conservatives predicted.

    And it will grow our debt.
    The recession ended four and a half years ago.

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