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

  1. #301
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by jonny5 View Post
    Obama is no Clinton. Clinton at least cared more about people liking him than changing america.
    Clinton much like Obama started out as an ideologue. But 1994 was a wake up call to him and he changed. Bill became a pragmatist. He worked with the Republican congress to get things done. He with the help of the Republican Congress actually balanced the budget. Kudo's to both.

    in 2010 Obama didn't change or adjust to the fact the Republicans had won the House. I do not expect him to do so now after the senate has fallen into GOP hands. Clinton was willing to accept half a loaf and give the other half to the GOP if it meant moving his agenda forward. With Obama, he wants the whole loaf or nothing.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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

    Quote Originally Posted by Perotista View Post
    Clinton much like Obama started out as an ideologue. But 1994 was a wake up call to him and he changed. Bill became a pragmatist. He worked with the Republican congress to get things done. He with the help of the Republican Congress actually balanced the budget. Kudo's to both.

    in 2010 Obama didn't change or adjust to the fact the Republicans had won the House. I do not expect him to do so now after the senate has fallen into GOP hands. Clinton was willing to accept half a loaf and give the other half to the GOP if it meant moving his agenda forward. With Obama, he wants the whole loaf or nothing.
    Greetings, Pero.

    And in response, Clinton will be remembered as a great POTUS by historians. Nothing more need be said, I guess.

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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 part right there, explain why that matters. It seems like a random milestone to me.
    GDP is the entire economy of the United States, debt to GDP says that we have more debt today than the entire annual GDP. Never in modern history has that happened and questions the credit worthiness of the country. As much debt as is being blamed on Reagan and Bush is dwarfed by Obama and not much concern on the part of his supporters.

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

    Quote Originally Posted by polgara View Post
    Greetings, Pero.

    And in response, Clinton will be remembered as a great POTUS by historians. Nothing more need be said, I guess.
    It's only been 14 years since Clinton left office, historians tell us it takes 20 years for one to rate a president accurately. Time will tell. But as of now he is ranked 20th. That barely places him in the top half. So time will tell. It is interesting to note when Eisenhower left office in 1960 he was ranked 22nd, today he is number 8. When Bill left office he was ranked 24th, so he has gain 4 places over time while more presidents have been added. Not an easy thing to do.

    So time will tell.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  5. #305
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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.
    *Ring Ring* U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO - Bloomberg

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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?
    Reducing the deficit by roughly a trillion dollars over a 5 year period without inducing a double-dip recession is a good thing.

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

    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]
    ahem! printing_money_for_aig_xlarge.jpeg

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

    Quote Originally Posted by Eric7216 View Post
    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.
    Not all deficits are created equal. Running a similar deficit to FY09 during different circumstances (full employment) would be wildly irresponsible, as would balancing the budget during the early 1930's or 40's. The economic circumstances of the time in question determine what and what is not considered terrible, not merely the fear of big numbers.

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

    Quote Originally Posted by jonny5 View Post
    Obama is no Clinton. Clinton at least cared more about people liking him than changing america.
    Please unplug from Fox "News" or whatever your right-wing source is. It will do you good.
    "A man you can bait with a tweet is not a man we can trust with nuclear weapons." --Hillary Rodham Clinton
    "Innocent until proven guilty is for criminal convictions, not elections." --Mitt Romney

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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.
    I was simply referring to Bush's FY2009 Budget proposal that was submitted in Feb, 2008 to Congress. Between the increased needs of an escalating recession, Congressional budgeting, and changes in the FY2009 budget made by Obama the actual deficit was $1.4 trillion. But even at $407 billion deficit Bush was heavily criticized for having such a large deficit. Washington Post stated:
    But even in the unlikely event that he were to get his way, the budget deficit would jump sharply, from $163 billion in 2007 to about $400 billion in 2008 and 2009 -- partly the result of the new economic stimulus plan. Such deficits would rival the record deficit of $412 billion of 2004
    President's Spending Plan Would Rival 2004 Deficit

    It seems odd to me that we are now saying that Obama's FY2015 budget proposed deficit of $564 billion is excellent when Bush's $407 billion deficit in the middle of a recession is considered high.

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