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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 imagep View Post
    Bush had higher than that.
    You still don't get it, do you? Obama signed the 2009 budget in March 2009 therefore it was his budget not Bush's. Bush's budget was rejected by the Democrat Congress and liberals knew that people like you wouldn't understand that thus blame Bush. The liberal elites were right

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

    Quote Originally Posted by Phys251 View Post
    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.
    Obama is no Clinton. Clinton at least cared more about people liking him than changing america.

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

    Quote Originally Posted by American View Post
    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?
    It's not that the deficit is down by 2.8%
    It's that the deficit is down to 2.8% of the GDP.
    "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 Dittohead not! View Post
    It's not that the deficit is down by 2.8%
    It's that the deficit is down to 2.8% of the GDP.
    Far too many don't seem to understand that deficits to GDP are irrelevant because we pay debt service on the actual debt which is accumulations of deficits. What should bother most is the fact that the debt to GDP exceeds 100% and Obama has increased the debt over 7 trillion dollars, a record for any President

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

    Quote Originally Posted by Conservative View Post
    Far too many don't seem to understand that deficits to GDP are irrelevant because we pay debt service on the actual debt which is accumulations of deficits. What should bother most is the fact that the debt to GDP exceeds 100% and Obama has increased the debt over 7 trillion dollars, a record for any President
    The GDP is quite relevant. The higher the GDP, the better able the government is to service the debt.

    Oh, and the Congress has increased the debt over the past six years, not the president. Not that he stood in their way, you understand, but the comparison of deficits by who occupies the White House is largely irrelevant.
    "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 Dittohead not! View Post
    The GDP is quite relevant. The higher the GDP, the better able the government is to service the debt.

    Oh, and the Congress has increased the debt over the past six years, not the president. Not that he stood in their way, you understand, but the comparison of deficits by who occupies the White House is largely irrelevant.
    Interesting that Congress was under Democrat Control when the recession began yet Bush is responsible according to Liberals. Obama took office and signed the fiscal year 2009 budget but liberals still blame Bush for the 2009 deficit. Congress was under Democrat control from January 2007 to January 2011 and yet it was Bush's deficit in 2007-2009 and now its Congress's deficit from 2009-2014 because Obama is in the WH? Just wanted to make sure I understood the rules?

    Ditto, I understand that you don't think this way but there are many here who do

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

    Quote Originally Posted by Conservative View Post
    Interesting that Congress was under Democrat Control when the recession began yet Bush is responsible according to Liberals. Obama took office and signed the fiscal year 2009 budget but liberals still blame Bush for the 2009 deficit. Congress was under Democrat control from January 2007 to January 2011 and yet it was Bush's deficit in 2007-2009 and now its Congress's deficit from 2009-2014 because Obama is in the WH? Just wanted to make sure I understood the rules?

    Ditto, I understand that you don't think this way but there are many here who do
    Yes, there are , and many more who blame the POTUS for everything, whether it is in his purview or not.

    It's partisanship, plain and simple, absurd partisanship I might add.
    "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

    Wake me when we stop spending more than we have by trillions of dollars every year.

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

    Quote Originally Posted by Conservative View Post
    ...What should bother most is the fact that the debt to GDP exceeds 100%...

    That part right there, explain why that matters. It seems like a random milestone to me.
    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 Erod View Post
    Wake me when we stop spending more than we have by trillions of dollars every year.
    Someone should have woke you up a few years ago. Do you not watch the news?
    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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