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Thread: White House to paint grim fiscal picture: source

  1. #21
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Goobieman View Post
    None of this has anything to do with the subject at hand, the projection for the deficit for the the NEXT fiscal year.
    The topic of the thread was not merely the next fiscal year, which you would know if you read more than the first sentence of the OP.

    Quote Originally Posted by Goobieman
    But, I'm glad to see you're on the 'the only meaningful way to reduce decifits is to address the runaway spending on entitlements'' bandwagos. Some of us have been here for decades.
    Controlling the spiraling costs for health care is the single biggest financial challenge our federal government faces.
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Harshaw View Post
    No recession -- or depression -- has ever required deficits of this magnitude.
    The Great Depression certainly required deficits of this magnitude. We didn't actually GET deficits of this magnitude (which was part of the problem), but it required deficits of this magnitude and then some.

    Quote Originally Posted by Harshaw
    And look at the projections -- no lower than $700 billion and back up to a trillion by the end of the decade.

    Is unemployment going to stretch out for that long? Does Obama think it is?

    Is the recession going to last the entirety of Obama's term? Does Obama think it will?
    Obviously not, which should indicate a structural problem in our nation's finances as opposed to a short-term crisis.

    Quote Originally Posted by Harshaw
    So, we've got you blaming unemployment spending; we've got Kandahar blaming health care costs.
    "Blaming" health care costs? Uhh I still haven't quite figured out to what YOU attribute the high future deficits (other than Obama personally), but this isn't a matter where I have my opinion and you have your opinion and both are equally valid. The biggest long-term financial problem facing our government is entitlement spending: Specifically Medicare and Medicaid. That is a fact.

    Quote Originally Posted by Harshaw
    But the truth is, while we've had recessions as bad as, and worse, than this one, with unemployment as high, or higher, but we've never had deficits like this before.
    What's your point?

    Quote Originally Posted by Harshaw
    Look, I'm not blind to TARP, to the "stimulus," and so forth; I didn't agree with them, but I understand how they contributed to FY 2009's $1.3T deficit.

    But that's not an issue anymore. This is just "the budget." And it's going to stay obscene throughout the entire projected period.
    So you don't blame TARP/stimulus for the long-term deficit...you don't blame health care costs...you don't blame unemployment...you don't blame discretionary spending instituted prior to Obama's inauguration. What exactly DO you think is the cause? Do you have any thoughts whatsoever on the actual policies at stake here, or is your only thought "zomg obama sux lol"?
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    The topic of the thread was not merely the next fiscal year, which you would know if you read more than the first sentence of the OP.
    So you agree that the issue you brought up does nothing to expain away The Obama's $1.6T deficit projected for FY2011.

    Controlling the spiraling costs for health care is the single biggest financial challenge our federal government faces.
    Like I said -- welcome to the wagon.

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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Harshaw View Post
    Well, apparently, there is no plan to get them under control, looking at the budgetary projection over the next decade.
    You misunderstand how budgetary projections work. They NEVER assume a plan to change things until it's already become law. Budgetary projections assume that nothing changes in terms of policy.

    Quote Originally Posted by Harshaw
    Yeah, over FY 2008, the last year with no TARP, no real "stimulus," a "regular" budget. It doesn't matter who was President when we're talking about a baseline.
    Actually we did have some stimulus in 2008 and it was far from a regular year, but to address your point:

    Quote Originally Posted by Harshaw
    You say the massive increase is because of health care. In order for that to be true, it will have had to explode $1.2T in two years.
    Once again you are conflating short-term deficits with long-term deficits. Here you are complaining about the short-term deficit again, which was caused by nasty economic conditions.

    The long-term deficit (i.e. those numbers you are citing over the next ten years) is a completely separate issue with completely separate causes: Specifically health care costs.
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    Controlling the spiraling costs for health care is the single biggest financial challenge our federal government faces.
    oh, that's easy enough.

    The Constitution does not allow the federal government to do anything about "health care", ergo, the government should spend ZERO dollars on "health care" and the government's liability for same will be ZERO, and thus "health care" will not contribute to the federal government's deficit and the non-existent problem is solved.

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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    The Great Depression certainly required deficits of this magnitude.
    No, it didn't.

    The Great Depression required the government that created the problem to get the **** out of the way.

    All FDR managed to do was smash the recovery and create a recession inside a government created depression, and his failures lasted a full decade.

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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Scarecrow Akhbar View Post
    oh, that's easy enough.

    The Constitution does not allow the federal government to do anything about "health care", ergo, the government should spend ZERO dollars on "health care" and the government's liability for same will be ZERO, and thus "health care" will not contribute to the federal government's deficit and the non-existent problem is solved.
    That isn't politically realistic. Some of us are looking for actual solutions to the problem rather than braying about how things would be in Ronpaultopia.
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    That isn't politically realistic. Some of us are looking for actual solutions to the problem rather than braying about how things would be in Ronpaultopia.
    Okay I gotta give ya some credit for Ronpaultopia. LOL! And I admit I like Paul. But that was funny.

    I'm gonna steal that and use it.
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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    Actually we did have some stimulus in 2008 and it was far from a regular year, but to address your point:
    How'd that work out?

    Oh, wait, it didn't work at all. Hell, it didn't even serve it's primary purpose of getting a Republican elected.

    And you people think the Messianic Stimuli are going to save the Democrats come November.

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    Re: White House to paint grim fiscal picture: source

    Quote Originally Posted by Kandahar View Post
    That isn't politically realistic. Some of us are looking for actual solutions to the problem rather than braying about how things would be in Ronpaultopia.
    Since the "problem" is the government's refusal to obey it's most basic law, forcing the government to obey the Constitution is, in fact, the solution to the problem.

    Since "healthcare" isn't a problem for the federal government only retards and greedy fools want to give the government the power to interfere in health care.

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