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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 jonny5 View Post
    You might think so, but was that the result of the 'shutdown'? Was it in the 90s?
    You have a point there. Voters must have a high tolerance for government incompetence, or the shutdown would have been enough to spark a rebellion all by itself.
    "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

    So far whenever we hit the debt ceiling, the liberal message wins.

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

    Just got back to my computer from being away from it for a few hours, and whlie I was away my brain twitched on something and I slapped my head.

    Quote Originally Posted by Sangha
    ...
    Quote Originally Posted by Kushinator
    ...
    My apologies to both you gentleman. Apparently my brain was not revved up this morning as I went on about what the OP's link talked about, remembering it in an incredibly faulty way.I was wrong in my statements regarding the OP's story talking about the flat deficit numbers and not as a percentage of GDP and I wanted to acknowledge that, first thing, upon sitting back down at my computer. I've actually not read any of the thread since my last posts so I'm sure there will be some posts excorriating me on that fact (and absolutely rightfully so). My brain farted there and I should've double checked rather than just going off memory with the fog of the morning still hovering over me.
    Last edited by Zyphlin; 11-06-14 at 03:11 PM.

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

    Quote Originally Posted by Kushinator View Post
    The labor market bottomed out in Q4 2009. Since then, 9,465,000 jobs have been created. This Friday will provide the requirements for rounding to 10 million.
    Since Obama took office, there are over 1 million less Americans under 55 who are employed.

    Plus there are 14 million more Americans on food stamps.

    Plus the national debt has risen about 60%.


    Is it any wonder the Dems lost the Senate in the mid-terms?

    Nope.
    Last edited by DA60; 11-06-14 at 03:38 PM.

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

    Quote Originally Posted by DA60 View Post
    Since Obama took office, there are over 1 million less Americans under 55 who are employed.

    Plus there are 14 million more Americans on food stamps.

    Plus the national debt has risen about 60%.


    Is it any wonder the Dems lost the Senate in the mid-terms?

    Nope.
    The issue is whether or not it's Obama's fault, and if someone else could have done a better job.

    It took us a dozen years to recover from the Great Recession, so I think it's a little unfair to totally blame our weak economy on O'. But could someone else have done a better job, yea, a better leader probably could have. The guy simply wasn't qualified to be POTUS.
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    The issue is whether or not it's Obama's fault, and if someone else could have done a better job.

    It took us a dozen years to recover from the Great Recession, so I think it's a little unfair to totally blame our weak economy on O'. But could someone else have done a better job, yea, a better leader probably could have. The guy simply wasn't qualified to be POTUS.
    I agree completely.


    Btw, I have near zero faith in either party to properly govern the United States of America at this time.

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

    Quote Originally Posted by poweRob View Post
    So is the executive branch. The Executive Branch puts forth the budget. The congress then votes on it or modifies it and then votes on it. The budget generally originates in the executive branch with the executive branch putting in a budget request to congress.
    Well, Congress doesn't have to pay much attention to what the President wants. Bush certainly found that out in FY2009 (FY2009 started in Oct 1, 2008) when he requested a budget with a deficit of $407Billion that ended up with an actual deficit of S1.413 trillion. The Democrat controlled Congress did not pass the budget until March, 2009, when Obama signed it. But Bush gets the blame for that deficit, I guess. And I guess that Bush should therefore get the credit for ending the recession during FY2009.

    The last Bush-Republican Congress budget deficit was $161 billion in FY 2007.

    In FY2013, Obama proposed a budget deficit of $901 billion that ended up being $680 billion. In FY2014, Obama's proposal was for a $744 billion deficit that ended up with Congress's $483 billion deficit.

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

    Quote Originally Posted by Eric7216 View Post
    Well, Congress doesn't have to pay much attention to what the President wants. Bush certainly found that out in FY2009 (FY2009 started in Oct 1, 2008) when he requested a budget with a deficit of $407Billion that ended up with an actual deficit of S1.413 trillion. The Democrat controlled Congress did not pass the budget until March, 2009, when Obama signed it. But Bush gets the blame for that deficit, I guess. And I guess that Bush should therefore get the credit for ending the recession during FY2009.

    The last Bush-Republican Congress budget deficit was $161 billion in FY 2007.

    In FY2013, Obama proposed a budget deficit of $901 billion that ended up being $680 billion. In FY2014, Obama's proposal was for a $744 billion deficit that ended up with Congress's $483 billion deficit.
    ?


    And for a more comical side of this... here's a quote from the story by Bush projecting a balanced budget on the eve of his historic economic collapse:

    “Thanks to the hard work of the American people and spending discipline in Washington, we are now on a path to balance the budget by 2012,” the president said in an introductory message.

    Then of course the next president would be left with not only Bush's economic fiasco but also the unemployment fiasco after all his cuts:

    Mr. Bush said he would cut or terminate 151 programs, saving $18 billion in 2009.

    Back to the budget... His budget was the largest proposed in our history that year.

    Mr. Bush’s proposed budget, the first in the nation’s history to exceed $3 trillion, foresees near-record deficits just ahead — $410 billion in the current fiscal year, on spending of $2.9 trillion, and $407 billion for the fiscal year that begins Oct. 1 — before the budget would come into balance in 2012.

    Perhaps we are talking about different budgets?
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by poweRob View Post
    ?

    And for a more comical side of this... here's a quote from the story by Bush projecting a balanced budget on the eve of his historic economic collapse:
    “Thanks to the hard work of the American people and spending discipline in Washington, we are now on a path to balance the budget by 2012,” the president said in an introductory message.

    Then of course the next president would be left with not only Bush's economic fiasco but also the unemployment fiasco after all his cuts:
    Mr. Bush said he would cut or terminate 151 programs, saving $18 billion in 2009.

    Back to the budget... His budget was the largest proposed in our history that year.
    Mr. Bush’s proposed budget, the first in the nation’s history to exceed $3 trillion, foresees near-record deficits just ahead — $410 billion in the current fiscal year, on spending of $2.9 trillion, and $407 billion for the fiscal year that begins Oct. 1 — before the budget would come into balance in 2012.

    Perhaps we are talking about different budgets?
    No we are talking the same budgets, your problem seems to be that you don't understand what the projected deficit was for that budget vs. what Obama actually signed and the deficit from that signature.

    You also seem to ignore TARP which was a LOAN that was repaid but recycled instead of reducing the deficit because liberals knew people like you would blame Bush.

    Seems you aren't sure what you are talking about nor do you even understand it.

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

    Quote Originally Posted by Conservative View Post
    No we are talking the same budgets, your problem seems to be that you don't understand what the projected deficit was for that budget vs. what Obama actually signed and the deficit from that signature.

    You also seem to ignore TARP which was a LOAN that was repaid but recycled instead of reducing the deficit because liberals knew people like you would blame Bush.

    Seems you aren't sure what you are talking about nor do you even understand it.
    Whose this we stuff? I don't think anyone was actually talking to you. But if you want to weigh in on yet another fiscal thread were you ultimately go down in flames... help yerself!
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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