Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 48

Thread: Obama to hike 10-year deficit to $9 trillion

  1. #21
    Educator TBone's Avatar
    Join Date
    Dec 2007
    Location
    Phoenix
    Last Seen
    04-01-15 @ 08:54 AM
    Gender
    Lean
    Moderate
    Posts
    673

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by American View Post
    The Obamabots will be here soon.
    Funny how you call them Obamabots. You were the best goose step-per when GW was your leader.
    It is better to die on your feet than to live on your knees.
    Emiliano Zapata


  2. #22
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 01:05 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,444

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by SouthernDemocrat View Post
    Scenario 1: These 10 year deficit predictions are never accurate. They very well could be higher, or most likely they will be lower depending on how strong economic growth is in the next 10 years. Economy starts growing stronger in the next year or two and basically we grow our way to a more sustainable level of deficits.

    Scenario 2: Economy never really picks up steam between now and 2012. Thus a Republican is elected then. Like all modern Republicans he or she believes that the cure for deficits is to significantly reduce revenue (tax cuts), while further increasing spending. Usually this comes about by them talking the small government talk and cutting something miniscule that is already grossly underfunded like the National Parks budget, while they significantly increase defense spending. Deficit then gets much worse than the 9 trillion predicted now even if economic growth returns.

    Scenario 3: Deficit predictions are much too low, the current uptick in economic growth ends up being the short peak of a W shaped economic contraction, economy contracts severely in 2010, U.S. has difficulty borrowing additional money and thus has few options in terms of economic stimulus, we eventually default on some of our debt and world financial crisis results. In 2012 Ron Paul tells everyone he told us so and gets elected . His campaign is primarily funded by his followers pawning their firearms.
    Well, PBO's out in 2012. I think that's already obvious and nothing will prevent that, not even the largest economic boom in US history. I'm not saying that he'll be replaced by a Republican; if there was ever a time for a third party candidate to win, '12 will be it. But, no matter which party it, someone will replace PBO. It wouldn't surprise me to see the DNC endorse a candidate to compete against him.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #23
    Guru

    Join Date
    Mar 2007
    Last Seen
    Yesterday @ 11:53 PM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by apdst View Post
    Well, PBO's out in 2012. I think that's already obvious and nothing will prevent that, not even the largest economic boom in US history. I'm not saying that he'll be replaced by a Republican; if there was ever a time for a third party candidate to win, '12 will be it. But, no matter which party it, someone will replace PBO. It wouldn't surprise me to see the DNC endorse a candidate to compete against him.
    The same was said of B.Clinton. You are counting on the US citizenry and they have proven to be a very gullible lot.


    .

  4. #24
    Banned
    Join Date
    Mar 2009
    Location
    Past the edge of the universe, through the singularity, and out the other side.
    Last Seen
    09-01-10 @ 05:23 PM
    Lean
    Undisclosed
    Posts
    4,324

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by The_Limt View Post

    The stimulus package?

    Again, another round of monetary infusion that was needed.
    Really? We needed the Obama administration to buy the automotive industry and become its director of the board? Um no that was not needed, what was needed was for the automotive industry to declare bankruptcy in order to put them in a better bargaining position with the unions so that they could become competitive on the global market but considering that the unions and the democratic party are one in the same we couldn't have that now could we?

  5. #25
    Banned
    Join Date
    Mar 2009
    Location
    Past the edge of the universe, through the singularity, and out the other side.
    Last Seen
    09-01-10 @ 05:23 PM
    Lean
    Undisclosed
    Posts
    4,324

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by celticlord View Post
    And what will be his solution to all this debt? Why, more spending of course!
    No the answer will be an across the board tax hike; that is, if he wants to continue with his asinine public option for his healthcare reform plans.

  6. #26
    Educator sam_w's Avatar
    Join Date
    Jul 2009
    Last Seen
    09-24-09 @ 04:43 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    724

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by Agent Ferris View Post
    Really? We needed the Obama administration to buy the automotive industry and become its director of the board? Um no that was not needed, what was needed was for the automotive industry to declare bankruptcy in order to put them in a better bargaining position with the unions so that they could become competitive on the global market but considering that the unions and the democratic party are one in the same we couldn't have that now could we?
    Good lord child, do you even know that GM declared bankruptcy in June?

  7. #27
    Banned
    Join Date
    Mar 2009
    Location
    Past the edge of the universe, through the singularity, and out the other side.
    Last Seen
    09-01-10 @ 05:23 PM
    Lean
    Undisclosed
    Posts
    4,324

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by The_Limt View Post
    The job numbers will rise, albeit slowly. Its only a matter of time.
    Tell me when exactly is this "matter of time" is supposed to happen, in case you haven't noticed unemployment is the highest its been in 25 years and long term unemployment is the highest its been since the great depression. And what's dear leaders solution? Increase spending which will inevitably entail a tax increase across the board if he wants his public option for his healthcare initiative to go through.

  8. #28
    Banned
    Join Date
    Mar 2009
    Location
    Past the edge of the universe, through the singularity, and out the other side.
    Last Seen
    09-01-10 @ 05:23 PM
    Lean
    Undisclosed
    Posts
    4,324

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by sam_w View Post
    Good lord child, do you even know that GM declared bankruptcy in June?
    And instead of allowing the bankruptcy to take its natural course the government instead bought them out, insuring the protection of promises to the union and insuring that they remain uncompetitive on the global market.

  9. #29
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by sam_w View Post
    Good lord child, do you even know that GM declared bankruptcy in June?
    Are you aware that that wasn't exactly a traditional bankruptcy, which is what Ferris was referring to?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  10. #30
    Sage
    akyron's Avatar
    Join Date
    Nov 2004
    Location
    Texas
    Last Seen
    Today @ 02:22 AM
    Gender
    Lean
    Other
    Posts
    6,459

    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by Don't Tase Me Bro View Post
    I don't think people truly understand what a very dark path we are headed down and what kind of catastrophe we are going to be faced with when the IOUs run out.
    Most of them did not experience the Carter years or do not recall them.

    People sometimes forget traumatic events as a self defense mechanism.
    Thank you

Page 3 of 5 FirstFirst 12345 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
  •