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

  1. #51
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by CanadaJohn View Post
    Just so it's clear. You're okay with the OP giving the credit to President Obama, the guy who continues to want to spend, yet you're not okay with giving credit to the Republican House which effectively stopped him. Got it.
    Here was the OP:

    Quote Originally Posted by Tettsuo View Post
    OMG, we need to stop Obama from spending us into ruin!!
    Where was credit being given?

    Poking fun at chicken little republicans is necessary given the garbage that gets thrown around. The deficit has been reduced by 2/3, while the government continues to spend more and more every year. Why, its all about the economy.
    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 Zyphlin View Post
    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.
    This is true, but it fails to recognize that Obama went on a campaign style bus tour in early 2013, just after winning his second term in office, claiming that if the sequestration cuts weren't stopped, the country's economy would implode and there'd be Armageddon.
    "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.

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

    Quote Originally Posted by jmotivator View Post
    To put that in perspective, if Obama wasn't spending us into ruin we would have a surplus right now.
    You aren't making any sense:



    This deficit is also larger than the Bush deficit that prompted Obama to call deficits unpatriotic....
    The economy is also much larger than when Bush was in office. It is, IMO, unpatriotic to run (at the time) record deficits when the economy is operating at full employment.
    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 Zyphlin View Post
    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.
    Do you believe the sequester was a deficit buster?
    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
    Here was the OP:



    Where was credit being given?

    Poking fun at chicken little republicans is necessary given the garbage that gets thrown around. The deficit has been reduced by 2/3, while the government continues to spend more and more every year. Why, its all about the economy.
    Clearly, the sarcasm in the statement from the OP that you quoted went straight over your head. No problem, never mind.
    "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.

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

    Quote Originally Posted by CanadaJohn View Post
    Clearly, the sarcasm in the statement from the OP that you quoted went straight over your head. No problem, never mind.
    Poking fun at chicken little is entirely justified given the vitriol that spews from the majority of conservatives.
    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
    No matter how much you try to deny it, the economy has continued to grow under the current administration. The deficit has been reduced by roughly 2/3. The country has more wealth and produces more goods and services than any country in all of history.
    Thus are the benefits of a free enterprise, capitalistic society. The issue is amount of growth and stimulus to generate massive growth. This is the worst recovery on record because of poor leadership.

    Look you are too smart to post like this. The deficit being reduced 2/3 means exactly what? You think a 483 billion dollar deficit is something to be proud of? Or how about an 18 trillion dollar debt? Stop acting ignorant because you aren't

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

    Quote Originally Posted by Kushinator View Post
    Poking fun at chicken little is entirely justified given the vitriol that spews from the majority of conservatives.
    Obama's spending obsession has effectively been controlled since shortly following the 2010 mid-term elections when the Republicans took control of the House and the initiation of spending bills. No vitriol here - no chicken little hysteria here. That would be President Obama who has traveled the country claiming obstructionist Republicans have kept him from his plans to improve the economy and yet you, and others, are now touting how wonderful the American economy is. Imagine that!!
    "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.

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

    Quote Originally Posted by Kushinator View Post
    You aren't making any sense:
    Here, let me help!

    2009 US Budget: $3.1 Trillion
    2013 US Budget: $3.8 Trillion

    Difference: $700 billion
    So if Our budget remained at the level we had at the height of the stimulus we would be running a surplus now.


    The economy is also much larger than when Bush was in office. It is, IMO, unpatriotic to run (at the time) record deficits when the economy is operating at full employment.
    US GDP in 2009: $13.9 Trillion
    US GDP in 2013: $16.8 Trillion

    Percent increase: 20.8%

    US Budget in 2009: $3.1 Trillion
    US Budget in 2013: $3.8 Trillion

    Percent increase: 22.5%

    Therefor, the US budget is growing faster than the US economy.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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

    Quote Originally Posted by Conservative View Post
    Thus are the benefits of a free enterprise, capitalistic society.
    Of course!

    This is the worst recovery on record because of poor leadership.
    A partisan foot stomp!

    Look you are too smart to post like this. The deficit being reduced 2/3 means exactly what? You think a 483 billion dollar deficit is something to be proud of? Or how about an 18 trillion dollar debt? Stop acting ignorant because you aren't
    The debt total is irrelevant. What is important is that deficit growth < output growth.
    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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