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

  1. #201
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Taylor View Post
    You don't have to look back very far. GWB did it in 2005, then again in 2006, and once again in 2007.
    And he still managed to leave office with a huge deficit, that he created from the balanced budget he inherited.
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    ...I'm not interested in debating someone who is trolling for an argument....
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    I see a big problem with the idea that whatever the majority wants is OK.

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

    Stale mate in congress has some benefits!


    Quote Originally Posted by Tettsuo View Post
    U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn - Bloomberg



    OMG, we need to stop Obama from spending us into ruin!!

    Oh, wait.... the deficit is SHRINKING? Whodathunkit! I guess he's NOT the spender in chief as he's been labeled by the consistent and reliable deficit increasing Republicans.[/FONT][/COLOR]

  3. #203
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    And he still managed to leave office with a huge deficit, that he created from the balanced budget he inherited.
    Yeah, it's almost godlike how he managed to single-handedly create and burst the tech bubble AND the housing bubble. George Bush... the hobgoblin of little minds.

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

    Quote Originally Posted by Conservative View Post
    Forget it, I posted the data showing ywhat the Republican President and Republican Congress did after taking over in the 2004 elections but it was totally ignored. Liberals always stick to the same talking points and ignore Treasury data. Deficits were reduced every year of their control
    Must be too busy doing cartwheels and drinking champagne because the deficit was "only" half a trillion dollars, lol.

  5. #205
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Taylor View Post
    Must be too busy doing cartwheels and drinking champagne because the deficit was "only" half a trillion dollars, lol.
    160 Billion actually, and on track to balance prior to housing bubble. Had the Congress and Bush not increased social spending by 550bn during that time, we would have still had a surplus.

    Deficit
    2004 -412,727
    2005 -318,346
    2006 -248,181
    2007 -160,701

  6. #206
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Zyphlin View Post
    If you expect me to treat your arguments based on a fraudulent method of debate where you just scream "FACTS FACTS FACTS" to try and distract people from the multitude of subjective factors and opinionated assertions you try to masquerade as facts as well as anything more than the dishonest tactic it is? Or that I'd react to them with anything better than your own tactics?
    You need to take a minute to understand the context of my exchange with Con. He claimed i was giving Obama credit, which was sheer nonsense. But since he made it a point to bring Obama up, i figured it was more than appropriate to put into light some of the developments in recent years. The "facts" you decided to spew were about as arbitrary as Con is stubborn. And to them i say so what? Nothing you have posted can be considered even remotely relevant to the discussion.

    My post was simply demonstrating "facts", just like yours was. Why does that bother you so.
    Your facts were bound by relative arbitrarity. It would akin to me stating the year is 2014. Perhaps we can get back to the discussion at hand rather than continue to squabble over your perception of my "debate tactics"? You have already admitted your lack of information regarding the subject matter. I figured you smart enough not to act as an aggressor in a discussion where you're completely outgunned.

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

    Quote Originally Posted by imagep View Post
    That's pretty close to the spendulous bill, which was also spent over the course of a number of years, and Obama has been ferociously attacked about spending that much to save our economy.
    That certainly is the liberal spin but the reality is quite different. The recession ended in June 2009 yet the spending continued. All Obama did was "save" union jobs and support his base. Still there are 20 million unemployed/under employed/discouraged workers

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

    Quote Originally Posted by imagep View Post
    And he still managed to leave office with a huge deficit, that he created from the balanced budget he inherited.

    There was no balanced budget inherited, Clinton added 1.4 trillion to the debt. People always forget Intergovernment holdings.

  9. #209
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Zyphlin View Post
    The reality is that Obama's economic policies have not been apocolyptic or country destroying, but have absolutely embraced VERY slow movement away from the artificially inflated highs of 2008. As well, it's clear he's taking a continued path forward that attempts to use the bottom levels of the fiscal crisis deficits as the new "normal" going forward. Which still places deficit levels a good $300 billion or more ABOVE the average deficit from 1987 - 2007.
    Citing nominal dollars is a flawed approach to describing the situation. Reason being, it disallows comparison to a broader historical context of our fiscal reality. You should considering it in terms of output, e.g. nominal deficit as a percentage of nominal GDP. Instead, you chose to compare nominal deficits to those of years past. A textbook definition of comparing apples to oranges.

    But neither is he some polar opposite that who's hacking away at the deficit with a machete and significantly moving us back where we were during more stable times. On the contrary, by and large he's been taking a slow, steady approach towards the floor of the Crisis (~$450 Billion deficit) and treating that inflated number as the new normal.
    Are you unaware that $450 billion in 2008 is not the same as $450 billion in 2014?

    it undoubtedly isn't something to cheer about or laud in my opinion. And I think the harping on 2008 numbers, and acting as if information prior to the fiscal crisis just doesn't exist, is as laughably transparent propoganda as much of what Republicans put out.
    Deficit reduction in the tune of $1 trillion certainly is something to cheer or laud about. Your uninformed opinion is of no consequence to this.
    Last edited by Kushinator; 11-06-14 at 10:05 AM.
    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

  10. #210
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Zyphlin View Post
    If you'll follow along in this thread you'll have seen my posts indicating why I believe he seems to be taking that as the "new normal", as it's based on what appears to be a near $100 billion dollar increased for next year based on projections for the Presidents proposed budget. After multiple years of trending downwards, and repeated claims by Democrats that we're now out of the worst of the crisis thanks to Obama's politics, the only clear reason I could fathom for beginning to go back upwards in deficit totals is a belief that they've been dropped far enough.

    Granted, those projections are likely to change now over the coming months compared to what could reasonable be expected prior to the election since there's now a significantly different make up in the congress and a different seeming sentiment sent by the American People. Hopefully we'll actually continue to see a decrease, perhaps even a faster one, similar to the past few years. I'd be very happy to see such occur.
    I haven't actually read all the posts in this thread, but the fact that the deficit is projected to increase for one year is pretty slim evidence of any sort of belief on Obama's part. It's like saying bush*'s support of TARP shows that he had abandoned his belief in balanced budgets and smaller government.
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    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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