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Thread: Obama vows to cut huge deficit in half

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    Obama vows to cut huge deficit in half

    And his first act in this deficit reduction is.......

    Spending almost a trillion dollars.

    I'm so confused.

    Article is here.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Obama vows to cut huge deficit in half

    What kind of Voodoo math does Obama believe in?
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Obama vows to cut huge deficit in half

    It's called stimulus, and it's not that elusive a fact to understand.

    Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by danarhea View Post
    Obama vows to cut huge deficit in half
    .....by raising your taxes.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Jerry View Post
    .....by raising your taxes.
    And that position does not represent me. BTW, who are those guys that, a couple of hundred years ago, started a revolution because there was taxation without representation?
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Orius View Post
    It's called stimulus, and it's not that elusive a fact to understand.

    Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.
    Actually, the US stimulus is rather small compared to some countries.. at least per capita.
    PeteEU

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Jerry View Post
    .....by raising your taxes.
    Thats exactly what your country needs, or reduced spendings. Most likely BOTH.
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Orius View Post
    It's called stimulus, and it's not that elusive a fact to understand.

    Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.
    The best stimulus to our economies would be to run surpluses and have some money to spend on stimulus/public spending programs when its needed.
    Europe is illegally occupied by the US

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by danarhea View Post
    And his first act in this deficit reduction is.......

    Spending almost a trillion dollars.

    I'm so confused.

    Article is here.
    Nothing to be confused about.. He is taking the "run the country into bankruptcy" line, so that you can spend as much money now before you default on your debts..

    Its quite the same as someone overly indebted who has given up paying back and now just races to see how much debt he can take on before he is "caught".
    Europe is illegally occupied by the US

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Jerry View Post
    .....by raising your taxes.


    and "slashing" funding to the troops, including the 17k he just sent to afghanistan.
    Let evil swiftly befall those who have wrongly condemned us

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