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

  1. #41
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    Re: Obama to hike 10-year deficit to $9 trillion

    And that's just year ONE.


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

    I know Obama and Bush are convienant faces to blame, but they are far from the cause.

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

    Quote Originally Posted by celticlord View Post
    Obama to hike 10-year deficit to $9 trillion | U.S. | Reuters

    His parting shot before taking off for two weeks: more debt.

    Rather nice of him to admit that the CBO had a better grasp of his shopaholism than his own people.

    And what will be his solution to all this debt? Why, more spending of course!
    SO MUCH OF THAT is Bush's trillion dollar tax cuts he didnt pay for. The prescription drug/medicare legislation that he didn't paid for. Two wars he didn't pay for. Inefficiancies in programs like SSI not paid for. Bush's equally expensive stimulus plan that was not paid for.

    This administrations honesty is what makes these figures so high. Bush just hid debts from his yearly budgets (eg the wars). The CBO figures are different because they predict higher Fed interest rates over 10 years, because they bet on the Iraq war being more expensive etc. There was a forcasted SURPLUS before Bush came to power. Anyone remember? ANYONE???? It is alarming and something to be worried about, however, if you really are worried about quit "blaming" Obama for ever dollar spent by the US on things like roads, schools, DoD, SSI, etc. Those dollars are included in the deficit too. Instead, lets figure out a way to stabilize this massive debt. I have an idea: let's turn to the free capatalist market...and give all of our jobs to China, India, Mexico, and just borrow money from them!
    and so it goes...

  4. #44
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    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by JakeFromWI View Post
    SO MUCH OF THAT is Bush's trillion dollar tax cuts he didnt pay for. The prescription drug/medicare legislation that he didn't paid for. Two wars he didn't pay for. Inefficiancies in programs like SSI not paid for. Bush's equally expensive stimulus plan that was not paid for.

    This administrations honesty is what makes these figures so high. Bush just hid debts from his yearly budgets (eg the wars). The CBO figures are different because they predict higher Fed interest rates over 10 years, because they bet on the Iraq war being more expensive etc. There was a forcasted SURPLUS before Bush came to power. Anyone remember? ANYONE???? It is alarming and something to be worried about, however, if you really are worried about quit "blaming" Obama for ever dollar spent by the US on things like roads, schools, DoD, SSI, etc. Those dollars are included in the deficit too. Instead, lets figure out a way to stabilize this massive debt. I have an idea: let's turn to the free capatalist market...and give all of our jobs to China, India, Mexico, and just borrow money from them!
    And I'm sure that you'll attribute every dollar accumulated starting Jan 21, 2001 to Bush, correct?

    Your "forecasted surplus" and $2 will get you a dance at the Wild Wild Chest near the freeway.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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

    Quote Originally Posted by RightinNYC View Post
    And I'm sure that you'll attribute every dollar accumulated starting Jan 21, 2001 to Bush, correct?

    Your "forecasted surplus" and $2 will get you a dance at the Wild Wild Chest near the freeway.
    No I'm not attributing anything to anyone. Im making a point that it is not entirely Obama's fault and using certain talking points to support my claim. I'm not arguing against George Bush or for Obama. I'm saying we should figure out a way to fix a serious problem. We need to work together for that to happen. Not point fingers.
    and so it goes...

  6. #46
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    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by JakeFromWI View Post
    No I'm not attributing anything to anyone. Im making a point that it is not entirely Obama's fault and using certain talking points to support my claim. I'm not arguing against George Bush or for Obama. I'm saying we should figure out a way to fix a serious problem. We need to work together for that to happen. Not point fingers.
    I can agree with that.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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

    I'm a flaming liberal...but that doesn't mean I like owing $9t
    and so it goes...

  8. #48
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    Re: Obama to hike 10-year deficit to $9 trillion

    Quote Originally Posted by JakeFromWI View Post
    No I'm not attributing anything to anyone. Im making a point that it is not entirely Obama's fault and using certain talking points to support my claim. I'm not arguing against George Bush or for Obama. I'm saying we should figure out a way to fix a serious problem. We need to work together for that to happen. Not point fingers.

    Glad to hear you are NOT going to vote democrat next time.

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