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Thread: Obama vows to cut huge deficit in half

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Truth Detector View Post
    Fascinating argument when considering that we are talking about a Government that just passed legislation that creates another $2 trillion in deficits and no discussion about paying for it.

    Tell me Maximus, where in history has Government ever debated how to pay for a war before entering into one? We call that putting the cart before the horse. War spending is not something you plan for or budget for.

    Carry on.
    Considering the Bush administration planned for the Iraq war long before it began, it would have been prudent to figure out how it would be paid for. Oh, they said Iraq's oil would pay for it. How did that work out?

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    1. You said the stimulus package is irresponsible spending where no one talked about how to pay that back, and blame the democrats and Obama for that, like its completely idiotic.
    2. I tell you/ask you that there was no discussion about the Iraq war and how to pay back that, as an equal in the republic party and Bush.. How can you overlook that if you dont support Obamas stimulous package, which at least is spend in America, rather than in some desert backwater country.
    How does one set budget or price for victory in war?

    Secondly, your attempts to frame this around the Iraq War are merely a typical attempt to avoid the thread premise. The threads FALSE premise is that Obama thinks he can save $1.5 trillion by pulling us out of Iraq and cost cutting initiatives.

    I clearly show how this has never been accomplished by ANYONE in Government, is nearly impossible to accomplish by changing light bulbs and green initiatives and that the costliest part of Government and the military are salaries and benefits.

    But you want to rail about the cost of Iraq in a weak effort to avoid substance?

    Here's a clue for you and the other forum Liberals who always defend Liberal spending and rail against Conservative tax rebates, Obama stated that we will be shifting the resources to Afghanistan.

    Carry on; I look forward to me desperate flailing about the cost of the Iraq War while ignoring $2.5 trillion in willful deficit spending with no way to pay for it. It is irresponsible almost to a criminal degree.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Truth Detector View Post
    The math simply doesn't work except for those Liberals who now excuse runaway spending that they complained about only last year. I guess when it is YOUR guy spending it, it is okay.
    I find this comment funny. Does it seriously not occur to you that this statement swings both ways? Yeah, I mean Obama may do his damnedest to outspend Bush and his war, but that doesn't mean that Bush wasn't spending like a madman. It just means that maybe Obama is more efficient at spending huge sums of money. The Iraq war is on par with this stimulus bill, both are ridiculous. How can we now start hearing about fiscal responsibility coming from the right when they hadn't given it a second thought for the past 8 years? Both the sides are a bunch of phony bologna's.
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    1. You said the stimulus package is irresponsible spending where no one talked about how to pay that back, and blame the democrats and Obama for that, like its completely idiotic.
    2. I tell you/ask you that there was no discussion about the Iraq war and how to pay back that, as an equal in the republic party and Bush.. How can you overlook that if you dont support Obamas stimulous package, which at least is spend in America, rather than in some desert backwater country.
    3. You start talking about something completely different.
    4. I rewind and demand answer for what I was really asking. Dont avoid it.
    So we run the country into debt via a war to prevent terrorism. Ok, we need to pay it back. So, we pass a $800 billion bail out plan... Mommy always told me 2 wrongs don't make a right... As for your first point, it was irresponsible spending when you pick it apart.

    Considering it was rammed down our throats as providing the neccesities and yet:

    $10 billion + on enhancing credit and home loan asscebilites. *This is exactly what got us into the crisis to begin with*
    ~$13 billion on providing internet access *Has internet become a neccesity?*

    That's $23 billion right there. Dare we go further into it...

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    Re: Obama vows to cut huge deficit in half

    Economics 101:

    Increase spending in a recession and take on debt to stimulate the economy, then reduce spending during periods of economic growth, and reduce debt service as a percentage of Federal Outlays.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by SouthernDemocrat View Post
    Economics 101:

    Increase spending in a recession and take on debt to stimulate the economy, then reduce spending during periods of economic growth, and reduce debt service as a percentage of Federal Outlays.
    And that's worked so well for us that we're in Trillions of dollars of debt. High 5!

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Nep188 View Post
    And that's worked so well for us that we're in Trillions of dollars of debt. High 5!
    It's not a problem with the method as much as it's a problem with the execution. The government doesn't actually cut spending....ever.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Ikari View Post
    It's not a problem with the method as much as it's a problem with the execution. The government doesn't actually cut spending....ever.
    Valid argument, but if the execution of a method is off, should we not alter the method to improve the execution? Or sit back and watch it continue to fail... miserably.

    And that's still not my point... How the hell does providing internet service stimulate the economy. Hell, let's broadcast QVC on every TV channel until people buy stuff. That would work better...

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Ikari View Post
    It's not a problem with the method as much as it's a problem with the execution. The government doesn't actually cut spending....ever.
    I will agree with that. However, you don't have to cut spending in times of economic growth. You just have to reduce it relative to population growth and inflation. Which we did do back in the 90s, as a result debt service as a percentage of federal outlays dropped considerably.

    Just the same, the worst time to cut spending would be right now.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Nep188 View Post
    So we run the country into debt via a war to prevent terrorism. Ok, we need to pay it back. So, we pass a $800 billion bail out plan... Mommy always told me 2 wrongs don't make a right... As for your first point, it was irresponsible spending when you pick it apart.

    Considering it was rammed down our throats as providing the neccesities and yet:

    $10 billion + on enhancing credit and home loan asscebilites. *This is exactly what got us into the crisis to begin with*
    ~$13 billion on providing internet access *Has internet become a neccesity?*

    That's $23 billion right there. Dare we go further into it...
    Actually, the money for internet access will probably bring higher future returns than just about anything else in the bailout bill. I'd say that being able to use the internet *is* a necessity if we're to keep up with places like Japan and Europe.
    Quote Originally Posted by Korimyr the Rat
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