• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

W.H. hikes deficit estimate by $2 trillion

ReverendHellh0und

I don't respect you.
DP Veteran
Joined
Sep 13, 2007
Messages
79,903
Reaction score
20,981
Location
I love your hate.
Gender
Male
Political Leaning
Libertarian
W.H. hikes deficit estimate by $2 trillion


The White House is likely to dramatically increase its projected 10-year budget deficit estimate next week by nearly $2 trillion, senior administration officials said Friday.


Obama administration officials have concluded the economy was much worse last year — and tax revenues much lower — than they had initially assumed, which means that the estimated budget deficit will increase from $7 trillion to about $9 trillion over the coming decade.


The planned revision was first reported by Reuters, and White House officials confirmed that account for POLITICO.


There’s no doubt the revision will be interpreted as bad news for an administration whose deficit spending has emerged as a political Achilles' heel.



Read more: W.H. hikes deficit estimate by $2 trillion - Amie Parnes and Eamon Javers - POLITICO.com



Hey, so now we see the "chickens coming home to roost" no? :lol: an additional 2 trillion is 25% more, and IIRC many on the right said this exact thing would happen?


How do you feel about such a deficit?
 
Well, if Obama hadn't spent the Stimulas package ($787,000,000,000), and the Omnibus spending bill ($410,000,000,000), our defict would only be $803,000,000,000. :mrgreen:

Let's here it for the Health Care bill!!! :doh
 
How do you feel about such a deficit?

Well, he's trying to deal with the nightmare Bush left without raising taxes.

Personally, I think the Bush voters should step up and agree to a tripling of their taxes for pentance,
but we'll play nice and chip in until Obama turns the ship around.
 
Well, he's trying to deal with the nightmare Bush left without raising taxes.

Personally, I think the Bush voters should step up and agree to a tripling of their taxes for pentance,
but we'll play nice and chip in until Obama turns the ship around.

He's dealing with an economy he and his Democratic confederates in Congress caused in the last few years.

Until the Dems got in control, things were perking right along... didn't take long for them to kill the economy... just spend, spend, spend.
 
He's dealing with an economy he and his Democratic confederates in Congress caused in the last few years.

Are you serious?

Talk about the most ignorant partisan statement out there.

Tell me, who repealed the Glass-Steel act and when did they do it?
Tell me, who in 2001 started to reduce the down payment rule?
Tell me, who pushed the "ownership" society?
Tell me, how big was the subprime market compared to the CRA loans?

Much of this mess was not related to anything Congress did or did not do over the past decade.

Until the Dems got in control, things were perking right along... didn't take long for them to kill the economy... just spend, spend, spend.

O'rly? So the the Dems are at fault for repealing the GSA? The Republicans never increased debt during the 5 years? Really? By your logic, Bush killed the economy in 2001. :2wave:
 
Doesn't this concern those of you who voted for, and support the Obama administration?

We know it doesn't concern the democrats in DC and their ever faithful main stream media.

.
 
Last edited:
Well, he's trying to deal with the nightmare Bush left without raising taxes.

Personally, I think the Bush voters should step up and agree to a tripling of their taxes for pentance,
but we'll play nice and chip in until Obama turns the ship around.

What a shock!

I can't believe that someone on the left chose to attack Bush, rather than address the uncontrollable spending of the Obama administration that has led to the extra 2 trillion in debt.

< Sarcasm OFF >
 
Doesn't this concern those of you who voted for, and support the Obama administration?

It should. What I find more interesting is those who proclaim themselves to be fiscal conservatives not doing this when the GOP was in power. Apparently just democrat spending is not acceptable.

Turning off the lights on one of the few remaining fiscal conservatives in the party when he complained about their spending is not a good way of showing you actually care about fiscal conservatism.

I can't believe that someone on the left chose to attack Bush, rather than address the uncontrollable spending of the Obama administration that has led to the extra 2 trillion in debt.

Do remember that a sizable portion of the 1.8 trillion deficit is Bush era spending. While the stimulus bill was massive, not all of the 1.8 is Obama era. If 2010 and 2011 are this high, Obama should be impeached and Congress cleaned of everyone but Dr. No.
 
Last edited:
it would be nice if OC for once addressed the actual topic instead of attacking right wing posters... just sayin....
 
It should. What I find more interesting is those who proclaim themselves to be fiscal conservatives not doing this when the GOP was in power. Apparently just democrat spending is not acceptable.

Apples and oranges my friend...

Even though the Bush administration spent far more money than I was comfortable with prior to the bailout (which I opposed), the deficit back then was still considered to be a manageable one.

A majority of American economists, including those at the CBO, believe that a budget deficit that's less than 4% of the GDP, doesn't pose an economic threat to the economy.

Although I didn't agree with the amount of government spending Bush engaged in, it never threatened our economy. Even at it's highest point, Bush's budget deficit never even came close to hitting 3% of the GDP. Since it never threatened the overall economy, there was no reason for me, or anyone else to sound the alarm.

The last projections I saw, predicted that our budget deficit for the next several years will far exceed 4% of the GDP... and that doesn't take into account the proposed health care legislation, Cap & Trade, the democrats proposed 3'rd stimulus package.
 
Last edited:
it would be nice if OC for once addressed the actual topic instead of attacking right wing posters... just sayin....

You mean by actually discussing how it's bad...which I did and saying Obama should be impeached if next year and the year after that are just as high?

Or are you again suffering from a failure to understand the English Language?

And it's real questionable if someone who gave free passes to liberal republican spending can be called right wing on the aspect of fiscal conservative.
 
Apples and oranges my friend...

Even though the Bush administration spent far more money than I was comfortable with prior to the bailout (which I opposed), the deficit back then was still considered to be a manageable one.

But that does not make the spending acceptable. Nary did we see any of the people who bash Obama now doing the same back then. What happened under Bush's era of spending was wrong and what is happening now is wrong. But I NEVER EVER EVER see that get stated by many of the partisans here. Rev included.

Although I didn't agree with the amount of government spending Bush engaged in, it never threatened our economy. Even at it's highest point, Bush's budget deficit never even came close to hitting 3% of the GDP. Since it never threatened the overall economy, there was no reason for me, or anyone else to sound the alarm.

Only if you ignore the growing unfunded liabilities under Bush as well as the potential use of debt holdings overseas as a financial weapon.

The last projections I saw, predicted that our budget deficit for the next several years will far exceed 4% of the GDP... and that doesn't take into account the proposed health care legislation, Cap & Trade, the democrats proposed 3'rd stimulus package.

Perhaps so, but TD is correct in that projections are largely worthless. Remember the same people projected a 10 trillion surplus under Clinton. Really. And where was the 2nd stimulus?
 
You mean by actually discussing how it's bad...which I did and saying Obama should be impeached if next year and the year after that are just as high?

Or are you again suffering from a failure to understand the English Language?

And it's real questionable if someone who gave free passes to liberal republican spending can be called right wing on the aspect of fiscal conservative.




I gave a free pass to liberal republicans? really, your first response to me in months is going to be a lie to attack me?


FAIL
 
But that does not make the spending acceptable. Nary did we see any of the people who bash Obama now doing the same back then. What happened under Bush's era of spending was wrong and what is happening now is wrong. But I NEVER EVER EVER see that get stated by many of the partisans here. Rev included.



Only if you ignore the growing unfunded liabilities under Bush as well as the potential use of debt holdings overseas as a financial weapon.



Perhaps so, but TD is correct in that projections are largely worthless. Remember the same people projected a 10 trillion surplus under Clinton. Really. And where was the 2nd stimulus?



And still whining about the last guy, will you be addressing the current occupant anytime soon?



You are lying, I came out strongly against the Bush bailouts, no child left behind, I came out against disaster spending, I was also against giving money to 911 victims, I always stated I was against any corporate welfare, etc, etc.... You really need to show some integrity here. lying about my position does nothing for your credibility, or lack thereof. :2wave:
 
I gave a free pass to liberal republicans? really, your first response to me in months is going to be a lie to attack me?

So where were you when the GOP was purging its fiscal conservatives?
So where were you when they pushed the socialist drug bill?
So where were you when they ran up huge deficits to pay for a completely unnecessary war?

And I do find it amusing how you are now pretending that you never argued I wasn't talking about Obama.

Good job on failing to actually read a post before responding to it. Typical Rev.

It is funny to watch you criticize me for allegedly not doing something that I clearly DID in a post. Did you fail to see "impeach Obama?" How about "clean out Congress?"

Remedial English courses really aren't expensive. Consider taking one. God knows you desperately need it.

And still whining about the last guy, will you be addressing the current occupant anytime soon?

Seriously, your memory is like a Goldfish.

Just YESTERDAY, I wrote this: "If 2010 and 2011 are this high, Obama should be impeached and Congress cleaned of everyone but Dr. No. "

Apparently talking about Obama yesterday is not "addressing the current occupant anytime soon." What do you want? A second ago? Maybe that's not enough for you eh?

Interesting you accuse me of lying...and then do it yourself.
 
So where were you when the GOP was purging its fiscal conservatives?

Against it,

So where were you when they pushed the socialist drug bill?

against it.


So where were you when they ran up huge deficits to pay for a completely unnecessary war?


i disagree with your opinion that it was "completley unnecesarry"


And I do find it amusing how you are now pretending that you never argued I wasn't talking about Obama.


your not making sense here.


Good job on failing to actually read a post before responding to it. Typical Rev.

personal attack. typical


It is funny to watch you criticize me for allegedly not doing something that I clearly DID in a post. Did you fail to see "impeach Obama?" How about "clean out Congress?"

sure you make passing comments in an attempt to add legitimacy to your posts, but I see right through it.


Remedial English courses really aren't expensive. Consider taking one. God knows you desperately need it.

Personal attack.


Seriously, your memory is like a Goldfish.

Personal attack.


Just YESTERDAY, I wrote this: "If 2010 and 2011 are this high, Obama should be impeached and Congress cleaned of everyone but Dr. No. "

Apparently talking about Obama yesterday is not "addressing the current occupant anytime soon." What do you want? A second ago? Maybe that's not enough for you eh?

perhaps if you showed as much concern to the current occupant instead of derailing threads attacking conservatives with your strawmen, i'd buy it....


Interesting you accuse me of lying...and then do it yourself.


I lied about nothing. you lied about my positions as you clearly knew them.
 
Against it

If you say so...

against it.

If you say so...

i disagree with your opinion that it was "completley unnecesarry"

Weak terrorism links, No Wmd = Necessary. By the way, if you're going to quote someone, quote them properly.

your not making sense here.

Let's see. You said I never addressed Obama. Yet I did. In the same post you quoted.

personal attack. typical

Poor Baby. Don't like the truth? Simple fact of the matter is you quoted me allegeding I didn't do something when the quote you quoted shows me doing exactly what you claimed I did not do. Thus, either you are illiterate or you didn't read what I wrote.

sure you make passing comments in an attempt to add legitimacy to your posts, but I see right through it.

Was that your attempt at standup?

By such reasoning, all of your claims about being against Bush and the Neocons were just passing comments in an attempt to add legitimacy to your posts, but I see right through it. Try again. And actually put some effort into it.

See how easy that was?

Personal attack.

Let's review. You accused me of not addressing Obama. Yet in the quote you quoted, I did address Obama. Therefore, either you are illiterate, which is questionable as at least appear to understand some English, or you simply didn't read what I wrote. Either way, what I stated is the truth as your own behavior clearly shows you need the classes. If you don't like people pointing out your flaws, don't talk.

perhaps if you showed as much concern to the current occupant instead of derailing threads attacking conservatives with your strawmen, i'd buy it.

Conservatives? And just who do you think they are here? I'd love to see your short list. That will be good for a few laughs. And I notice you refuse to apologize for your accusations. Typical Rev. Screw up and refuse to admit fault.

I lied about nothing. you lied about my positions as you clearly knew them.

Huh. Therefore you admit you did not read my post. Because if you read my post, you would know I did what you accused me of not doing. Since you think you did not lie, you therefore did not read my post.

Logic!
 
Are you serious?

Talk about the most ignorant partisan statement out there.

Tell me, who repealed the Glass-Steel act and when did they do it?

I can at least say that it was a Republican (who I forgot the name of) who added the repeal of Glass-Steel act to the last ombibus spending bill under Clinton. If that ammendment to appeal Glass-Steel wasn't added, then the recession wouldn't have been as bad.

Sure, the democrats didn't fix it or stop it, but Glass-steel wouldn't have been repealed if the democrats were on their own.
 
Already did:

http://www.debatepolitics.com/break...ficit-estimate-2-trillion.html#post1058214888

Please review the thread before posting again. Thanks.




from your link:


It should. What I find more interesting is those who proclaim themselves to be fiscal conservatives not doing this when the GOP was in power. Apparently just democrat spending is not acceptable.


Your typical bash righty whining.

I stopped there as I found your regurgitation of your boilerplate sophomoric at best.


You did not address the topic, you whined your little red herring about mythical posters not going after Bush.


Again, will you be addressing the topic, or do we have more of this "you never scolded bush" bellyaching?
 
I can at least say that it was a Republican (who I forgot the name of) who added the repeal of Glass-Steel act to the last ombibus spending bill under Clinton. If that amendment to appeal Glass-Steel wasn't added, then the recession wouldn't have been as bad.

Exactly. Furthermore, most people don't seem to realize that the insane leveraging on Wall Street was neither the cause of Democrats or Republicans and at most could be argued indirectly the fault of the fed who kept rates low.

Sure, the democrats didn't fix it or stop it, but Glass-steel wouldn't have been repealed if the democrats were on their own.

Well, at least not the democrats of the 90s.
 
Your typical bash righty whining.

Incorrect as usual. Notice I said the 'proclaim themselves." Again note that I specifically mentioned a specific group of people.

Nothing like what you claim.

I stopped there as I found your regurgitation of your boilerplate sophomoric at best.

Not surprising given your utter and massive contempt for fiscal conservativism...

You did not address the topic, you whined your little red herring about mythical posters not going after Bush.

Well thanks for admitting you didn't read my post!

Will you be reading what I actually wrote or keep harping that I haven't addressed the topic after citing a post where I did?
 
Not surprising given your utter and massive contempt for fiscal conservativism...

LIE

Please link and quote where I have "massive contempt for fiscal conservativism" or retract your lie and cease your trolling because you got owned.





Well thanks for admitting you didn't read my post!

Oh I did read the rest, more whining about bush. Suprise. :roll:


Will you be reading what I actually wrote or keep harping that I haven't addressed the topic after citing a post where I did?


You havent, you just did above, but I suspect its because I have exposed your shennenigans for what they are. :shrug:
 
Back
Top Bottom