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Thread: After spending binge, White House says it will focus on deficits

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    mad After spending binge, White House says it will focus on deficits

    After spending binge, White House says it will focus on deficits - Mike Allen and Jim VandeHei - POLITICO.com

    Can we afford to have this amateur turn his attention back to the economy? Before the last spending binge he said the world would come to an end and we might never recover form the mess if we didn't spend more money than most can even comprehend and the unemployment rate shoot up to around 9%. Well dumb asses listened to him and now we has a 10.2% unemployment rate and going on nothing to show for all that spending because he failed to address the issues and spent money peripherals not the causes.

    Today the worst possible things are being done by Local, State, and the Federal Government, "Raising Taxes" and from Coast to Coast and Liberals are still falling for Obama's lies and allowing his inexperience make the situation worse by the day.
    Raising taxes is the ultimate in bone headed ideas when we need jobs and it's been proven jobs come from the private sector and if they have no money they can't create a damn thing.
    With his "I don't Care about Your Health Plan" he is driving a nail in the coffin of the economy.
    Anyone with experience running a business could do 100% better job than Obama. He's a total idiot on every subject except protests and Socialism/Marxism.


    By MIKE ALLEN & JIM VANDEHEI | 11/13/09 4:25 AM EST
    President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.


    The president's plan, which the officials said was under discussion before this month’s Democratic election setbacks, represents both a practical and a political calculation by this White House.


    On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual de
    ficit to $1.4 trillion. This leaves little room for big spending initiatives.

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    Re: After spending binge, White House says it will focus on deficits

    I laughed my ass off when I heard this today!

    I guess we can get ready for some eyeball pulling tax increases, because that's the only way that the Libbos know how to reduce the deficit. They sure as hell aren't going to cut any entitlements forthe welfare class.
    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.

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    Re: After spending binge, White House says it will focus on deficits

    Not much different than the average American citizen. They buy toys until their financial obligations exceed their income, and THEN worry about health care insurance.
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    Truth rings hollow in empty heads.

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    Re: After spending binge, White House says it will focus on deficits

    Has Obama ever had a 'real' job, or was his whole adult life spent in community organizing? Just wondering how much he knows about the real world.

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    Re: After spending binge, White House says it will focus on deficits

    Fascinating that he chose the same time he flies out to Asia, where China is worried about the Dollar, to announce he sees the light and will concentrate on "fiscal discipline".
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: After spending binge, White House says it will focus on deficits

    Obama knows how to file suit, boycott, threaten, and of course he knows how to manipulate the weak mined, and absolutely dup people an a large scale. Or does that com under the heading baffling them with Bull Shiite.

    As far as practical application of business acumen is concerned it's as foreign to Obama as Christian values and the U.S. Constitution.
    Last edited by Councilman; 11-13-09 at 06:44 PM.

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    Re: After spending binge, White House says it will focus on deficits

    As no Administration has made a serious effort to address the budget deficits since the 1990s, odds may be against a credible fiscal consolidation plan. Nonetheless, should foreigners grow less willing to underwrite U.S. debt, things could begin to change. But that possibility probably lies in the medium-term, not near-term.

    Already, one has witnessed little appetite for fiscal discipline.

    1. Many in Congress are eager to waive Medicare's extremely modest $24.7 billion per year reducion in physician payments. $24.7 billion is less than 0.7% of the federal budget. It is almost nothing in the whole scheme of things. Fortunately, though I fear temporarily, efforts to push through the "fix" failed. The bigger lesson is that if Congress is unwilling to resist the calls of special interests for such a tiny measure of discipline, one probably can't expect Congress to make the far more difficult choices required for large-scale fiscal consolidation.

    2. With seniors gaining no cost of living increase, as prices declined over the past year, there is a growing push for a $250 per senior tax credit.

    In the longer-term, the U.S. has major structural deficits and enormous unfunded liabilities. Tough measures and courageous political leadership will be required to address those enormous imbalances. Sadly, there may be a temptation to let things continue to run on auto pilot and perhaps even partially default via inflation in the years ahead.

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    Re: After spending binge, White House says it will focus on deficits

    Thanks don for your insights as usual.

    Along similar lines, I was just going to say that it's been a string of presidencies that have brought us down this road, and the blame can't all be put on Obama. Yes he is part of the problem but he isn't the only source. It's also important to remember that the President is just the face of these decisions; he has executive powers but he also has an entire team assembling scenarios and options for him and congress to consider.

    The financial problems are a result of collective mistakes and putting that all on one man is incredibly shortsighted and, frankly, ignorant.

    In order for the U.S. to have a tangible financial future, all spending will have to be reduced, conservation will have to be the motto of operation, taxes will increase, and the government must reduce in size. All of these are key to deficit management. Unfortunately, one aspect of increasing the value of currency is capital which may mean more wars in the future to procure assets... but I can only pray that the taste for war fades from consciousness for a while.

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    Re: After spending binge, White House says it will focus on deficits

    Yeah, I thought this was one of those fake story's that are meant as "gotchya" moments for the media, but it's apparent that it's for real. I love the "deficit summit" --- sort of like holding a seminar about the dangers of fire, in the smoldering hull of a house. I can't believe (other than the ultimate shills) would buy into this... funny funny stuff.

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    Re: After spending binge, White House says it will focus on deficits

    Quote Originally Posted by apdst View Post
    I guess we can get ready for some eyeball pulling tax increases, because that's the only way that the Libbos know how to reduce the deficit.
    You poor folk don't need to worry. We rich folk just need to pay our fair share.

    They sure as hell aren't going to cut any entitlements for the welfare class.
    When's the last time a conservative campaigned on terminating the Social Security System?

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