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

Dittohead not! said:
and conservatives don't acknowledge that Obama inherited the worst recession since the great depression? Really?

Is that an example of mutability of the past?
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I dont see how its relevent, given it had already been recovering by the time he took office. So what he inherited was a recovery. Bush, congress, the fed, had already taken all the major actions in dealing with the banking crisis. in late 2008. The stimulus may have made the recovery go a little quicker, but not much, and at a great cost in debt.
 
Conservative said:
no, the 81-82 recession was much worse compounded by a 20 plus misery index with record high interest rates. The further we get away from that recession the more revisionist history about this recession
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Conservative said:
Reagan had the leadership skills Obama will never have and can only dream about
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:lamo

So predictable. I love partisan broken records.
Ockham said:
You've pointed out your own ridiculousness in this thread, and rather poorly might I add.
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That doesn't even make sense, which is what I've come to expect from you. All Iv'e done is point out how partisans will consistently say things which defy logic and reason. And those people make me laugh.
 
Conservative said:
Yes, Reagan was elected and took office in January. His economic plan was passed in August, the recession began in June so tell me how Reagan created a recession without having a plan implemented?
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He was a little late then wasn't he. ASLEEP AT THE WHEEL!

Obama took control and passed the stimulous bill as soon as possible.
 
Slyfox696 said:
So predictable. I love partisan broken records.
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Why do you think I still respond to your uneducated pablum of posts? :wink:

Of course it doesn't make sense to you. Simple common sense baffles your responses every day.
 
Ockham said:
Why do you think I still respond to your uneducated pablum of posts?
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Because you know I'm right and your e-ego won't allow you to accept it. So you reply to try and put your partisan spin on the situation to hide the fact your posts fail the logic and reason test.

Of course it doesn't make sense to you.
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Makes perfect sense to me. Do you think you're the first person I've encountered on the Internet who was ashamed at how wrong I continually show them to be? Of course not. You're no different than posters I've seen many times in a variety of different forums. You are blindly loyal to a position and no matter how much the facts and logic show your position to be stupid, you'll stubbornly cling to it because you're terrified to admit to a stranger on the Internet you might be wrong.

You're a dime a dozen fella/lady.

Simple common sense baffles your responses every day.
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Not at all. When you present common sense, I'll understand it just fine. But since your sole criteria for political common sense rests entirely on whether there is a "D" behind someone's name, it's obvious you don't care about common sense, just partisanship.

And, hey, that's your right, I suppose. It doesn't mean it won't make me laugh at the absurdity.
 
Slyfox696 said:
Because you know I'm right and your e-ego won't allow you to accept it. So you reply to try and put your partisan spin on the situation to hide the fact your posts fail the logic and reason test.

Makes perfect sense to me. Do you think you're the first person I've encountered on the Internet who was ashamed at how wrong I continually show them to be? Of course not. You're no different than posters I've seen many times in a variety of different forums. You are blindly loyal to a position and no matter how much the facts and logic show your position to be stupid, you'll stubbornly cling to it because you're terrified to admit to a stranger on the Internet you might be wrong.

You're a dime a dozen fella/lady.

Not at all. When you present common sense, I'll understand it just fine. But since your sole criteria for political common sense rests entirely on whether there is a "D" behind someone's name, it's obvious you don't care about common sense, just partisanship.

And, hey, that's your right, I suppose. It doesn't mean it won't make me laugh at the absurdity.
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Amature hour psycho-analysis. :yawn:

What's that have to do with the U.S. decline? Absurdity is what is inflicted on anyone who responds to your posts. Let me know when you have an intelligent point on the topic, otherwise, you don't get to waste more of my time. Have a super day!
 
imagep said:
He was a little late then wasn't he. ASLEEP AT THE WHEEL!

Obama took control and passed the stimulous bill as soon as possible.
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Having fun yet? You obviously know that Obama took off with a Democrat controlled Congress and legislation approved right after he took office. Reagan had a Democrat House and they were against his economic policies which Reagan took to the American people and sold. Please tell me this is an act on your part?
 
Ockham said:
Amature hour psycho-analysis.
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No analysis offered. Just speaking what's obvious.

What's that have to do with the U.S. decline?
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I'm sorry, didn't you mean U.S. DEFICIT decline?

Do you see how it's so hard to call your posts anything but partisan, when you can't even bring yourself to use the full title of the thread when it might sound good for a Democrat?

Absurdity is what is inflicted
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Absurdity is when someone plays team politics. I don't care what party someone is from, I just care about the truth. You, however, can't even quote a full thread title if it might reflect well on a Democrat.

Here, we'll try a little test. Prove me wrong in your next post, prove you are not simply partisan. In your next post, use this absolutely 100% accurate phrase, with no additions or modifiers:

"Under President Obama, the deficit has decreased by roughly 60%. 10 million private sector jobs have been created. GDP has risen from decreases to over 3% increases and the stock market has risen over 150%."

All of those statements are true. Prove you're not the partisan I claim you are. Give it a shot.
 
jonny5 said:
I dont see how its relevent, given it had already been recovering by the time he took office. So what he inherited was a recovery. Bush, congress, the fed, had already taken all the major actions in dealing with the banking crisis. in late 2008. The stimulus may have made the recovery go a little quicker, but not much, and at a great cost in debt.
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I know you don't see how it is relevant. The only thing that matters in your world is the party to which the president belongs. Therefore, when Reagan got Congress to pass tax cuts for some Americans, the recovery was due to his policies. When Obama got Congress to pass tax cuts for some Americans, it clearly was the Republican president who preceded him who got the ball rolling and the recovery under way.
 
Dittohead not! said:
I know you don't see how it is relevant. The only thing that matters in your world is the party to which the president belongs. Therefore, when Reagan got Congress to pass tax cuts for some Americans, the recovery was due to his policies. When Obama got Congress to pass tax cuts for some Americans, it clearly was the Republican president who preceded him who got the ball rolling and the recovery under way.
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Reagan got tax cuts for SOME Americans? LOL, he cut taxes for ALL Taxpayers. When did Obama cut taxes for some Americans?
 
imagep said:
He was a little late then wasn't he. ASLEEP AT THE WHEEL!

Obama took control and passed the stimulous bill as soon as possible.
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Hard dealing with people who don't understand civics. If he cannot get an economic plan passed through Congress how is that being asleep at the wheel?
 
Conservative said:
Hard dealing with people who don't understand civics. If he cannot get an economic plan passed through Congress how is that being asleep at the wheel?
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So what you are saying is that Reagan, much like Obama, was a piss poor leader.

I agree!
 
Dittohead not! said:
I know you don't see how it is relevant. The only thing that matters in your world is the party to which the president belongs. Therefore, when Reagan got Congress to pass tax cuts for some Americans, the recovery was due to his policies. When Obama got Congress to pass tax cuts for some Americans, it clearly was the Republican president who preceded him who got the ball rolling and the recovery under way.
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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.

http://www.csmonitor.com/Business/2013/0908/Timeline-on-the-Great-Recession
https://www.cbo.gov/sites/default/files/05-25-Impact_of_ARRA.pdf
http://www.bea.gov/national/xls/gdpchg.xls
 
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Tettsuo said:
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]
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Lowest level since 2008 is unprecedented?
deficit.gif


Although I will say I am very glad that although debt is incredibly high, it is not increasing as it was before.
 
Lakryte said:
Lowest level since 2008 is unprecedented?
deficit.gif


Although I will say I am very glad that although debt is incredibly high, it is not increasing as it was before.
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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)
 
Conservative said:
Reagan got tax cuts for SOME Americans? LOL, he cut taxes for ALL Taxpayers. When did Obama cut taxes for some Americans?
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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.
 
jonny5 said:
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/files/05-25-Impact_of_ARRA.pdf
http://www.bea.gov/national/xls/gdpchg.xls
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Ok, then, what Obama did was mainly continuing the policies of the previous administration.
 
Dittohead not! said:
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.
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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
 
CanadaJohn said:
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.
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Just like last time the Republicans got control....

images
 
iguanaman said:
Just like last time the Republicans got control....

images
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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.
 
Conservative said:
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
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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.
 
Dittohead not! said:
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.
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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.
 
Conservative said:
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.
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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?
 
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