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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Visbek View Post


    Sorry. Anyway. Most of the high deficits were not a result of Obama's policies. Huge swaths of the shortfalls were due to:
    the recession, which reduced tax revenues, and happened before Obama came into office
    the wars in Iraq and Afghanistan, started by Bush 43
    the Bush tax cuts



    Regardless of whether you want to credit Obama or Congressional Republicans, or if you think the wars were just and well-run, or if you think tax cuts are good, the facts are that a) Obama inherited a bunch of deficit-boosting situations, and b) deficits have fallen every year since 2009.
    Nope, this is just a statistical parlor trick which assume that Spending A is more important than Spending B. It is a subjective graph presented as an objective analysis.

    What this graph does is simply place specific Bush era spending on the top of the pile to give the impression that it is more responsible than all the other layers of spending bellow it for the deficit.

    As an example of why this is bogus, the Democrats, as part of the selling of the PPACA, claimed that they could remove $500 billion from Medicare by cracking down on fraud and abuse and "fixing" Medicare. This $500 billion in waste in Medicare is in the other spending below the highlighted Bush expenses so, mysteriously, it apparently was not contributing to the deficit.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Tettsuo View Post
    Here's the OP:


    First, I noted a fact. The deficit is shrinking.

    Second, I noted that Republicans increase deficits when in power. We can have discuss what being in power means, as I believe that's when one party controls the White House... this applies even moreso when one party controls both the WH and Congress.

    So, you didn't actually address the OP. You veered off the OP to hit on details that are not addressed in my OP in an effort to siphon credit from Obama.

    IMO, Obama's avoiding the austerity policies of the Right Wing was exactly the medicine needed. An austerity that the Republican candidate wasn't going to do according to his proposed policies.
    The Republican controlled Congress in the late 90's created a surplus. Republicans don't always increase deficits.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by apdst View Post
    The Republican controlled Congress in the late 90's created a surplus. Republicans don't always increase deficits.
    More like clinton kept the fiscally irresponsible republicans in check. The GOP wanted to spend but clinton wouldnt let them. As soon as they got the presidency they managed to turn a surplus in the a trillion dollar deficit.
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Give credit to obama for reducing the bush trillion dollar deficit to 483.4 billion.
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by 99percenter View Post
    More like clinton kept the fiscally irresponsible republicans in check. The GOP wanted to spend but clinton wouldnt let them. As soon as they got the presidency they managed to turn a surplus in the a trillion dollar deficit.
    Oh, really? so what you are saying is that Clinton didn't sign GOP Budgets? Interesting re-write of history and just goes to show that some people will always buy the rhetoric over reality. What happened is that Clinton vetoed GOP Budgets only to sign them later after taking credit for implementing the veto. Please provide me proof that the Clinton budgets were less than the GOP wanted? Dare you

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by 99percenter View Post
    Give credit to obama for reducing the bush trillion dollar deficit to 483.4 billion.
    And what trillion dollar deficit would that be? Please show me the BUSH SIGNED Budget for fiscal year 2009??

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    I haven't given Obama credit for anything. I have simply pointed out that during his presidency, the deficit has been cut by 2/3
    Which is a fact.

    What is also a fact is that 2/3rd cut still doesn't put us below the floor of the Fiscal Crisis deficits, established in 2008 at $458 Billion

    What is also a fact is that the average deficit over this administrations time (giving 2009 numbers to GWB) thus far is more than double the average deficit held during the Bush Administration.

    What is also fact is that the average deficit over this administrations time thus far is nearly 7 times greater than the average deficit levels of the past 20 years.

    What is also fact is that the estimated deficit numbers for 2015 are actually slated to increase by just under $100 billion dollars, rather than decrease again. Placing it more than $100 Billion dollars higher than the floor of the fiscal crisis deficit levels.

    So yes. Your fact is correct, and it's definitely a positive thing relative to what you're measuring it against. But see, that's the tricky part and why you'll enjoy going up and bamboozling someone like Conservative who you feel you can beat one easily. You are pairing an objective FACT with a subjective point of reference, and hoping that people just treat your subjective reference as fact because of the other facts you're tossing around next to it.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by 99percenter View Post
    More like clinton kept the fiscally irresponsible republicans in check.
    Yeah, that's what happened!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by 99percenter View Post
    More like clinton kept the fiscally irresponsible republicans in check. The GOP wanted to spend but clinton wouldnt let them. As soon as they got the presidency they managed to turn a surplus in the a trillion dollar deficit.
    HAHAHAHAH!! So it was CLINTON that was the budget hawk? So Spock has a beard in your world, doesn't he?
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by apdst View Post
    The Republican controlled Congress in the late 90's created a surplus. Republicans don't always increase deficits.
    Really? Even if I take this as fact (which is isn't), what happens when they have the White House? Why does the deficit increase if Conservatives have both White House and Congress and are fiscally responsible?

    When you can honestly answer that, we can have a real discussion.
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