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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

    Don't quite understand most Obama supporters who cannot seem to get over the reality that Obama has lost over 11% of his support since he won the election in 2008, these aren't right wingers, these aren't those evil Republicans, these are people who believed the Obama rhetoric but are now seeing the Obama results. Results matter to most people but apparently not 41%.

    Supporters want to give Obama credit for reducing the deficit while ignoring that the deficit is still at record highs, the debt is approaching 18 trillion dollars, there are 20 million unemployed/under employed/discouraged workers, extremely high unemployment in the African Community, the top 1% getting richer and yet so many still buy the Obama rhetoric. Why?

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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]
    Good job of damning with faint praise. Yay Obama for not breaking his own record for budget deficits this time. What kind of Obama rumpswab goes around bragging about how swell the Obama deficit spending is this year because it's not the biggest deficit of his administration. 6 years into his administration and there wasn't one year where the deficit was as low as the worst year under Bush. That's a pretty perverse thing to cheer about if you think deficit spending is bad.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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

    Quote Originally Posted by Tettsuo View Post
    They can't have it both ways. They can't claim that Obama is a plague on deficit reduction then not credit him for actually reducing the deficit.
    Of course they can. It's a simple exercise in doublethink.
    "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 Kushinator View Post
    I am not here to toot Obama's horn. Facts are facts, and they are extremely painful for partisan conservatives.
    And what facts would those be? Obama record budgets? Obama still with record deficits? Obama still with 20 million unemployed/under employed/discouraged workers? Obama still with the same number of Americans working than when the recession started in 2007?

    The issue is you cannot toot the Obama horn without providing the details. Still waiting and will continue to wait for what Obama did to lower the deficit to these still record levels??

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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
    Of course they can. It's a simple exercise in doublethink.
    As long as liberals cannot provide the legislation Obama authored to lower the deficit to still record levels, it is easy to refute the liberal rhetoric and point out the actual facts.

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

    Quote Originally Posted by Tettsuo View Post
    Given the Republican chant of Obama will spend America into ruin, you don't see this as a clear and definitive black mark on Republican sloganeering? Come on, you're a reasonable poster. The consistently decent job numbers (given the circumstances) and the consistent lowering of the deficit a clear indicator that Obama is not the face of the coming fiscal apocalypse?
    Do you have any concept of debt service? What do you think the debt service is going to be on the 18 trillion dollar debt when interest rates rise? Please tell me exactly what Obama has done to lower the deficit??

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

    Quote Originally Posted by Fletch View Post
    What specific spending reductions has Obama implemented that brought about this shrinking deficit?
    Reducing the deficit is not all about spending cuts it is also about growing the economy. I know that is a foreign thing to R's who fail miserably at growth when in power.

    Want a Better Economy? History Says Vote Democrat! - Forbes

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

    Quote Originally Posted by Tettsuo View Post
    Given the Republican chant of Obama will spend America into ruin, you don't see this as a clear and definitive black mark on Republican sloganeering?
    Yes, it runs counters to the propoganda and talking points put out by die hard Republicans.

    However, the OP of this thread wasn't propoganda and talking points of die hard republicans. It was propoganda and talking points of the die hard liberal persuation.

    As such, my post focused on discussing those.

    There's a large difference between saying that Republicans have over stated the economic harm that Obama would do or that he's not leading us into a "Fiscal Apocolypse" and putting forth implications that his fiscal actions to this point are something to be cheered and are somehow the polar opposite of the republican extreme.

    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.

    So sure, Obama isn't nearly as bad as some Republicans attempted to paint him as being. 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. While not as harsh as what Republican talking points were trying to paint him as it undoubtably 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.

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

    Quote Originally Posted by iguanaman View Post
    Reducing the deficit is not all about spending cuts it is also about growing the economy. I know that is a foreign thing to R's who fail miserably at growth when in power.

    Want a Better Economy? History Says Vote Democrat! - Forbes
    Obama has destroyed that argument. It does seem that you have a very poor understanding of basic civics and who controls the economy. The lack of leadership by Obama is quite evident and yet people like you still cling to his rhetoric. Why is that? What is it about Obama that creates people like you who ignore actual results? You actually think Obama has implemented a pro growth economic policy? Can you explain to me why Obama got 53% of the vote in 2008 and that support today is 41%? Where did that 13% go and why?

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

    Regardless of how it came about (and it's hillarious that some on the right enjoy pointing out it was an "obama administration idea" when it suits them and then take credit for it when that is more advantageous), the reality is that the Sequester cuts came under Obama and were signed into law under Obama, so he deserves whatever credit you give to the Presidency for the deficits that occur under their watch. Ultimately, he was part of those cuts happening regardless of how you feel about those roles.

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