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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 Conservative View Post
    Reagan got results with his deficit spending that resonated throughout the economy, not so with Obama. The 1.7 trillion that Reagan added to the debt was still less than 50% of GDP. Bush had about 70% debt to GDP, and Obama is well over 100%. Obama signed the Bush budget after adding to it and recycling TARP knowing that people would blame Bush. That is exactly what happened yet people ignore that it was Obama and the Democrats that set record deficits.
    The stock market is up, unemployment is down, the housing market is coming back, how can you say that Obama didn't get results?
    "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 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]
    Since the GDP numbers normally touted include gov't spending, the increase in GDP is FAR less than it actually is. Since almost every dollar spent by the gov't is taken out of the economy, all gov't spending is a negative. It's like paying yourself and claiming that you got a raise at work. So the denominator in your formula gets artificially inflated, resulting in the % looking smaller than it really is.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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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 stock market is up, unemployment is down, the housing market is coming back, how can you say that Obama didn't get results?
    I know this is hard for you to understand but if the majority don't feel the results they didn't happen. A record stock market doesn't resonate with the 20 million unemployed/under employed/discouraged workers. The unemployment drop doesn't matter to the discouraged workers and the under employed(people who want full time jobs but cannot get it. The Housing market affects less than half the population. The issue is jobs and economic growth. On both counts Obama fails

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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 stock market is up, unemployment is down, the housing market is coming back, how can you say that Obama didn't get results?
    Correlation vs. causation.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by Conservative View Post
    I know this is hard for you to understand but if the majority don't feel the results they didn't happen.
    Quote Originally Posted by Ockham View Post
    Correlation vs. causation.
    lmao.giflmao.giflmao.giflmao.giflmao.gif

    I love excuses from partisans.

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

    Quote Originally Posted by jonny5 View Post
    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.
    Ok, let's blame them both.
    "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 stock market is up, unemployment is down, the housing market is coming back, how can you say that Obama didn't get results?
    They weren't the same results of the 1980's, so they are actually failures!
    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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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Ockham View Post
    Correlation vs. causation.
    Causation requires correlation.
    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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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    They weren't the same results of the 1980's, so they are actually failures!
    Did you get that out of your text book? Have you ever really spent any time actually talking to real people or do you just spend all your time with book smart street stupid people?

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

    Quote Originally Posted by Slyfox696 View Post
    lmao.giflmao.giflmao.giflmao.giflmao.gif

    I love excuses from partisans.
    Excuses? I tried to tell you Obama was incompetent and now the actual results prove I was right so "see, I told you so"

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