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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 American View Post
    Lower spending that could have happened all along, but NOOOOOOOOO can't have that. Reid wouldn't allow it.
    LOL... when do so called Conservative EVER reduce spending? When have they EVER reduced the deficit?!

    Sorry, but Conservative do not have a leg to stand on when discussing reducing the deficit or the debt. They've done neither when in power.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by ttwtt78640 View Post
    It was not passing any "Obama budget" that decreased the deficit but the insistence by (mostly republicant) congress critters that we not spend as much as more Obama wanted to. We could cut "discretionary" federal spending in half and still have a deficit. As I noted, the deficit is still big and will be even bigger if (when?) interest rates return to normal. What we have done is to simply slow the growth of federal spending while enjoying a federal revenue increase from modest GDP growth.
    How many threads have there been on this site where liberals proclaim that deficits don't matter; that deficits are good; that Obamas spending spree saved us from global ruin? Now its Obama the deficit hawk that we should all kneel before in wonder. The ability of the liberal mind to contradict itself is truly amazing

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

    Quote Originally Posted by Tettsuo View Post
    LOL... when do so called Conservative EVER reduce spending? When have they EVER reduced the deficit?!

    Sorry, but Conservative do not have a leg to stand on when discussing reducing the deficit or the debt. They've done neither when in power.
    When has Reid allowed a vote on a spending bill?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by Tettsuo View Post
    LOL... when do so called Conservative EVER reduce spending? When have they EVER reduced the deficit?!

    Sorry, but Conservative do not have a leg to stand on when discussing reducing the deficit or the debt. They've done neither when in power.
    The 1990's

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

    Quote Originally Posted by Fletch View Post
    What specific spending reductions has Obama implemented that brought about this shrinking deficit?
    No specific spending reductions is the cause of our shrinking deficit. Growth is the cause.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Fletch View Post
    The 1990's
    Clinton was the president. Thanks for playing.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

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

    Quote Originally Posted by Tettsuo View Post
    No specific spending reductions is the cause of our shrinking deficit. Growth is the cause.
    a republican controlled house has limited the democrats ability to increase spending since 2011.
    Go Vols

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

    Quote Originally Posted by Fletch View Post
    How many threads have there been on this site where liberals proclaim that deficits don't matter; that deficits are good; that Obamas spending spree saved us from global ruin? Now its Obama the deficit hawk that we should all kneel before in wonder. The ability of the liberal mind to contradict itself is truly amazing
    Obamabot logic 101: If it is good news then Obama gets the (full?) credit, if it is bad news then Obama had no control over that and either Bush policy, the republicant congress critters or a conspiracy of racists, TP zealots and misogynists made it happen.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by Fletch View Post
    What specific spending reductions has Obama implemented that brought about this shrinking deficit?
    1. It's not due to spending reductions, but to an improvement in the economy.
    2. It's not the president, but the Congress, that controls spending.


    None of this, not the giant debt, not the decrease in deficit spending, not the economic turn around, none of it is due to the current POTUS. The president is not in charge of the economy.

    So, when things go bad, as they did in 2008, that wasn't the fault of the Bush administration.
    When the economy started to come out of the tailspin created by OPEC, it was not due to there being a Republican in the WH at the time.

    And the country coming out of the deepest recession since the great depression is not due to the occupant of the WH.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by American View Post
    He thinks it's okay to have annual deficits when you have an $18,000,000,000,000 debt.
    You think posting $18,000,000,000,000 means something. Go figure!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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