Page 55 of 56 FirstFirst ... 54553545556 LastLast
Results 541 to 550 of 552

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

  1. #541
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 05:16 PM
    Gender
    Lean
    Conservative
    Posts
    67,281

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

    Quote Originally Posted by Lakryte View Post
    Lowest level since 2008 is unprecedented?


    Although I will say I am very glad that although debt is incredibly high, it is not increasing as it was before.
    And let's not forget the shortfall in Inter-government holdings which include SS and Medicare. Those are never reported as part of the public debt but are recorded in the total

    Debt to the Penny (Daily History Search Application)

  2. #542
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 04:54 PM
    Gender
    Lean
    Libertarian
    Posts
    41,574

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

    Quote Originally Posted by Conservative View Post
    Reagan got tax cuts for SOME Americans? LOL, he cut taxes for ALL Taxpayers. When did Obama cut taxes for some Americans?
    He, or rather his Congress, passed tax cuts but also cut out many of the deductions that affected middle class Americans. Whether or not a particular individual paid less in taxes depends on his situation.

    When did Obama cut taxes? A large part of the stimulus was in the form of tax cuts.

    You know, Obama and Reagan are starting to look a lot alike, come to think of it.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  3. #543
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 04:54 PM
    Gender
    Lean
    Libertarian
    Posts
    41,574

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

    Quote Originally Posted by jonny5 View Post
    Im not a Republican. Lets stick to the facts. Which are that nearly all of the major actions taken to deal with the recession were done before Obama took office (by a DEMOCRAT congress, REPUBLICAN President and whatever Fed.). The stimulus had little impact on GDP, and the recession was receeding by the time he took office and over quite soon after.

    Timeline on the Great Recession - CSMonitor.com
    https://www.cbo.gov/sites/default/fi...ct_of_ARRA.pdf
    http://www.bea.gov/national/xls/gdpchg.xls
    Ok, then, what Obama did was mainly continuing the policies of the previous administration.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  4. #544
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 05:16 PM
    Gender
    Lean
    Conservative
    Posts
    67,281

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

    Quote Originally Posted by Dittohead not! View Post
    He, or rather his Congress, passed tax cuts but also cut out many of the deductions that affected middle class Americans. Whether or not a particular individual paid less in taxes depends on his situation.

    When did Obama cut taxes? A large part of the stimulus was in the form of tax cuts.

    You know, Obama and Reagan are starting to look a lot alike, come to think of it.
    Probably why Reagan won 49 states in 1984. None of the Obama stimulus met the definition of a tax cut, rebates or required action to get a reduction aren't tax cuts. Tax rates were cut three years in a row. Obama couldn't hold Reagan's jock strap

  5. #545
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:57 PM
    Gender
    Lean
    Liberal
    Posts
    23,379

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

    Quote Originally Posted by CanadaJohn View Post
    You might want to throw a little credit the way of the Republican controlled House which insisted on the complete implementation of the trillion dollar sequestration agreement that Obama and Democrats tried to renege on and for also insisting on the end to the payroll tax holiday and reining in unemployment insurance extensions that again Obama and Democrats wanted to further extend.

    Just imagine, when the Republicans take control of the Senate and more Republican initiatives get to a vote on the Senate floor how much better the economic picture will get. And then, two years later, when the anchor in the White House is removed, it will be clear sailing again for the greatest economy in the world.
    Just like last time the Republicans got control....


  6. #546
    Canadian Conservative
    CanadaJohn's Avatar
    Join Date
    Jan 2013
    Location
    Toronto, Ontario, Canada
    Last Seen
    Today @ 11:27 AM
    Gender
    Lean
    Conservative
    Posts
    27,193

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

    Quote Originally Posted by iguanaman View Post
    Just like last time the Republicans got control....

    Well that's possible - and as I've said here and elsewhere, if the Republicans govern on the basis of good, sound economic and fiscal policy and stay away from the social nonsense that most Americans hate politicians doing, they could establish themselves for a long run of governing and the Presidency in 2016. If they get sidetracked by the social conservatives, they will be in trouble. To me, it's that simple.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

  7. #547
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 04:54 PM
    Gender
    Lean
    Libertarian
    Posts
    41,574

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

    Quote Originally Posted by Conservative View Post
    Probably why Reagan won 49 states in 1984. None of the Obama stimulus met the definition of a tax cut, rebates or required action to get a reduction aren't tax cuts. Tax rates were cut three years in a row. Obama couldn't hold Reagan's jock strap
    I don't think he'd want to, but the fact remains that a lot of the "stimulus" was not jock strap holding, but tax cuts.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  8. #548
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 05:16 PM
    Gender
    Lean
    Conservative
    Posts
    67,281

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

    Quote Originally Posted by Dittohead not! View Post
    I don't think he'd want to, but the fact remains that a lot of the "stimulus" was not jock strap holding, but tax cuts.

    Tax cuts with strings aren't tax cuts that benefit the most Americans. You ought to know that. Reagan and Bush actually cut taxes not just give rebates or put strings on those cuts. Every American who earned income got a tax cut under Bush and Reagan, not so with Obama.

  9. #549
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 04:54 PM
    Gender
    Lean
    Libertarian
    Posts
    41,574

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

    Quote Originally Posted by Conservative View Post
    Tax cuts with strings aren't tax cuts that benefit the most Americans. You ought to know that. Reagan and Bush actually cut taxes not just give rebates or put strings on those cuts. Every American who earned income got a tax cut under Bush and Reagan, not so with Obama.
    That depended on whether the lower taxes did or did not offset the lack of deductions under the plan made by Reagan's Congress. Under Obama's Congress, a part of the tax cuts was in the form of payroll taxes, which does affect everyone who pays payroll taxes, which is virtually everyone.

    As for the tax cuts under Bush, Obama approved an extension of those, didn't he?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  10. #550
    Battle Ready
    Grim17's Avatar
    Join Date
    Jul 2009
    Location
    Southwestern U.S.
    Last Seen
    Today @ 03:50 PM
    Gender
    Lean
    Conservative
    Posts
    24,139
    Blog Entries
    20

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

    I realize I'm late to the discussion, but hasn't the government been collecting several different types of taxes imposed by Obamacare... Most of which were implimented at the beginning of the year?

    Won't that have an effect on the budget deficit?

    http://jeffduncan.house.gov/full-lis...care-tax-hikes

Page 55 of 56 FirstFirst ... 54553545556 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •