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

  1. #401
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by American View Post
    You're the partisan, standing up for Obama's failed control of spending. He promised to reduce spending, he didn't.
    Nope, he promised to reduce the deficit. For what it's worth, spending has declined since FY11 as well.

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

    Quote Originally Posted by American View Post
    Actually the Clinton surplus was projected and never existed, but go ahead and believe that ****. And you're not bother me at all, I complained about Bush's spending plenty. Go look it up in the archives.
    Wrong again. You're on quite a roll here aren't you?


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

    Quote Originally Posted by cpwill View Post
    No. My basic point is that if R - E = -1(D) (revenues minus expenditures give us a deficit), and D is getting smaller as a result of R becoming a larger portion of E, that is not an argument for how E is decreasing or even not expanding, as the OP illiterately suggested.
    umm, the OP doesn't suggest that spending has decreased
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    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by a351 View Post
    Nope, he promised to reduce the deficit. For what it's worth, spending has declined since FY11 as well.
    Did he tell us that he would reduce the deficits from record levels and still have record deficits? Doubt most people considered that reality that we would have years of trillion dollar deficits and then trumpet reducing them to 400 Plus billion

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

    Quote Originally Posted by imagep View Post
    If Obama was pushing for lower taxes on the rich, and to eliminate welfare, and to cut wasteful spending, he would still be hammered by those on the far right.

    It's not about his policies, it's about the "(D)" after his name and the color of his skin.
    Thats surprisingly shallow commentary from the likes of you.

    Calling us racist ? Seriously ?

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

    Quote Originally Posted by a351 View Post
    Wrong again. You're on quite a roll here aren't you?

    LOL, here we go again, please explain to me how Clinton added 1.4 trillion to the debt with surpluses? Another individual who doesn't understand that there are two parts to the deficit thus you only post the part you like, not the stealing from SS and Medicare leaving a deficit in those categories to make the public debt categories look better.

    Here is what liberals want to ignore

    debt by President

    Reagan 1.7 trillion
    GHW Bush 1.4 trillion
    Clinton 1.4 trillion
    GW BUsh 4.9 trillion
    Obama 7.3 trillion

    Clinton tends to get a pass because of claims he balanced the budget when the reality is he came close but due to taking SS and Medicare funds

    The Myth of the Clinton Surplus |

    Treasury data is available as well to make this point.

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

    Quote Originally Posted by Fenton View Post
    Thats surprisingly shallow commentary from the likes of you.

    Calling us racist ? Seriously ?
    That is all they can do when they cannot post actual data to support their position. Big govt. liberals care more about getting revenue than allowing all taxpayers to keep more of what they earn. They will always ignore official data to continue with their talking points for to actually get the facts would destroy their opinions and ideology

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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
    I have no doubt that Obama was all for the deficit spending, just as other presidents have been in the past. He still could not initiate deficit spending, however. All he could do is not stand in the way.
    And while congress can initiate, they can not make it happen without the President approving (absent the rare overriding a veto). So blame them both.

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

    Quote Originally Posted by a351 View Post
    Nope, he promised to reduce the deficit. For what it's worth, spending has declined since FY11 as well.
    Barely, and it went up in FY2014, 50bn more than in 2013, and will be much higher in 2015. They basically pre spent normal spending growth in 2009.

    Monthly Budget Review: Summary for Fiscal Year 2014 | Congressional Budget Office

    Outlays
    Overall, the government's net outlays increased by 1.4 percent from 2013 to 2014. If not for prepayments of deposit insurance premiums that otherwise would have been paid in 2013, the outlay increase would have been slightly greater. (The year-over-year changes discussed below reflect adjustments for those prepayments.) Outlays increased for several major categories but declined for others.

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

    Quote Originally Posted by cpwill View Post
    Annnd the CBO also accounts (optimistically, imo) for increased revenues, and it's not exactly impossible to project an assumed inflation out to put the figures in real dollars or an assumed growth rate to put them in portions of GDP, or both to help given an idea of their portion of revenues or the budget, which those of us who actually care about saving these programs (and the rest of our budget from them) do.
    You can always tell the weakness of ones position when they have to tout CBO projections.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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