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

  1. #281
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    I'm not familiar with St. Vincent de Paul, but I still would think that they have some sort of overhead. It might be a third party paying that overhead (like a church), but overhead still exists.

    Anyhow, like I already said, I don't support government means tested welfare, so I really don't know what we are arguing about.
    St. Vincent de Paul gives every dime they receive to those in need and all the food donated goes to the poor as well. It is one of the best charities on the planet. Most of the employees are volunteers. Overhead is paid for by donations as well but donations tabbed as for overhead not for the poor.

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

    Quote Originally Posted by imagep View Post
    Makes sense to me.

    And does the pooling of wealth have anything to do with this? Just seems to me that it would be the very rich who are desperate for a place to park their money who cause bubbles. Maybe higher taxes on the uber weathy would prevent these types of bubbles.
    I don't see any signs that the bubbles have to do with the mega rich, except that relatively they do not spend as much on consumption. You see, I believe the liquidity is largely in the hands of insurance companies, pension funds and the like, where smaller amounts are pooled to huge sums.

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

    Quote Originally Posted by Conservative View Post
    St. Vincent de Paul gives every dime they receive to those in need and all the food donated goes to the poor as well. It is one of the best charities on the planet. Most of the employees are volunteers. Overhead is paid for by donations as well but donations tabbed as for overhead not for the poor.
    OK, I see. Overhead doesn't exist as long as it comes out of a different charitable account.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    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

    Quote Originally Posted by imagep View Post
    OK, I see. Overhead doesn't exist as long as it comes out of a different charitable account.
    When I give money to St. Vincent de Paul it goes 100% to those in need. You don't seem to understand the concept as you continue to try and defend the massive dependence created by the Federal Govt. and how your tax dollars are wasted

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

    Quote Originally Posted by Conservative View Post
    Guess I will never understand what it is about liberals who always buy what they are told by people that they want to believe. Please post for me any BLS data that shows Clinton creating 22 million jobs and Bush having a net job loss? I have posted the BLS charts over and over again and still they are ignored just like liberals ignore that Bush inherited a recession and Reagan inherited a double dip with Clinton inheriting a growing economy and no recession. Seems that history isn't one of your strong suits.



    Reagan 99 million to 116 million equal 17 million
    Clinton 117 million to 137 million equals 20 million
    GW Bush 137 million to 142 million equals 5 million

    Looks like all had net job gains to anyone looking at BLS numbers
    They are cherry picking the losses. I remember in the run up to the 2004 election it was all 'x jobs lost under Bush'. And when they were all recovered and building, the media went silent.

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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?
    Huh? You have the same info that I gave. Bush's last budget proposal for FY2009 that started in Oct, 2008 and was proposed by Bush in Feb. 2008, had a proposed deficit of $407 billion. Revenues were up due to improved growth helped by the tax cuts so even though it was the first $3 trillion budget, revenues covered most of it.

    I wrote:
    Bush certainly found that out in FY2009 (FY2009 started in Oct 1, 2008) when he requested a budget with a deficit of $407Billion
    Now, of course, Obama supporters are celebrating $500 billion deficits as being great and a reflection of Obama's great fiscal conservatism. Only 6 years ago, a $407 billion deficit was considered terrible.

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

    Let me get this straight, if we are for example overspending by $100 last year, we're only overspending this year by $97.20?

    And that's good somehow?
    "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 Kushinator View Post
    You think posting $18,000,000,000,000 means something. Go figure!
    But it's BIG NUMBERS.

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

    Quote Originally Posted by CanadaJohn View Post
    You might want to throw a little credit the way of the Republican controlled House which insisted on the complete implementation of the trillion dollar sequestration agreement that Obama and Democrats tried to renege on and for also insisting on the end to the payroll tax holiday and reining in unemployment insurance extensions that again Obama and Democrats wanted to further extend.

    Just imagine, when the Republicans take control of the Senate and more Republican initiatives get to a vote on the Senate floor how much better the economic picture will get. And then, two years later, when the anchor in the White House is removed, it will be clear sailing again for the greatest economy in the world.
    If Congressional Republicans and Obama can look to the '90s as proof that a Republican Congress and a Democratic President can indeed work together, then the next two years might actually be a welcome break from partisan gridlock. And let's not forget that the aforementioned time period included one of the best economies in US history.
    "A man you can bait with a tweet is not a man we can trust with nuclear weapons." --Hillary Rodham Clinton
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Eric7216 View Post
    ...Only 6 years ago, a $407 billion deficit was considered terrible.
    Bush had higher than that.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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