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Thread: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Conservative View Post
    Much of what you posted here I agree with and that is why I now support term limits for our politicians who are the ones that spend the money. Reagan's spending was paid for by tax revenue increases caused by the creation of jobs. that is Reaganomics.
    If Reagan's spending was paid for by tax revenue increase's the deficit would not have increased

    Obama doesn't understand that and is growing the size of the govt. After the Carter years Reagan took over an economy much worse than we have today. That Reagan debt that you claim was caused by a Democrat Controlled House that saw the doubling of revenue and acted like a kid in a candy store. Reagan set a record for vetoes but that wasn't enough. Much of the spending was attached to tax legislation and the military spending that left us with a peace dividend.
    The Reagan admin increased the size of government, and left a higher debt load then did Carter.

    Looking back that Reagan deficit of 1.7 trillion dollars was manageable. The total debt was 2.6 trillion, it is over 12 trillion today and is projected at 21 trillion at the end of the Obama Administration. Reaganomics works but not with career politicians who spend to keep their jobs and bring home the bacon for their constituents and a contituent group who believes it is the Government's responsibility to protect them from poor personal choices.
    Reaganomic's is just a different version of Keynsian economics

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    I don't understand why we debate this same thing at least once a week?

    How many times must the repubs be told that the stimulus spending had to be done to save us from another great depression? Is it that hard to understand? I mean gebus, how many conservative economists have to agree on it before the repubs recognize it?

    Or is it just dishonesty for politics sake? take away the TARP money and the stimulus spending and how much has this corpracongress spent?

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    [/QUOTE][quote=Lord Tammerlain;1058604625]If Reagan's spending was paid for by tax revenue increase's the deficit would not have increased The Reagan admin increased the size of government, and left a higher debt load then did Carter.

    Reagan grew enough revenue to pay for his expansion of the military. Congress tacked on the domestic spending to that spending and Reagan without the line item veto signed the bills. The deficits created belong to the President and the Congress.

    Reaganomic's is just a different version of Keynsian economics

    I suggest better research on Reganomics.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Lord Tammerlain View Post
    If Reagan's spending was paid for by tax revenue increase's the deficit would not have increased The Reagan admin increased the size of government, and left a higher debt load then did Carter.

    Reagan grew enough revenue to pay for his expansion of the military. Congress tacked on the domestic spending to that spending and Reagan without the line item veto signed the bills. The deficits created belong to the President and the Congress.




    I suggest better research on Reganomics.
    It is the stimulus from the extra government spending that I am talking about.

    Had the US government run a balanced budget the US economy would not have grown so as much as it did

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by NoJingoLingo View Post
    I don't understand why we debate this same thing at least once a week?

    How many times must the repubs be told that the stimulus spending had to be done to save us from another great depression? Is it that hard to understand? I mean gebus, how many conservative economists have to agree on it before the repubs recognize it?

    Or is it just dishonesty for politics sake? take away the TARP money and the stimulus spending and how much has this corpracongress spent?
    The thread talks to the U.S. deficit will be higher than forecast. That should be an issue for democrats and republicans equally.

    The national debt has finally reached a level so high that it has gotten the attention of the American public. This should be an issue for progressives as well as conservatives. Interest is projected to be a $500 billion annual cost. That will crowd out our ability to provide social servies in the future.

    It seems to me that being a fiscal conservative and a social progressive go together.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Lord Tammerlain View Post
    It is the stimulus from the extra government spending that I am talking about.

    Had the US government run a balanced budget the US economy would not have grown so as much as it did
    Were you old enough during the Carter years to experience the mess we were in? I was and experienced it first hand. The combination of the Carter economic policy and the Federal Reserve tight money policy damn near destroyed this economy. It took a mix of tax cuts and govt. spending to get us out of it.

    Problem was Reagan economic policy of tax cuts for the American taxpayer was coupled with too much govt. spending from Congress. Reagan tried a number of things reign in spending including signing Gramm/Rudman but Congress was more interested in spending the money than being fiscally responsible.

    It is the equal branch of Govt., Congress, which continues to spend the money and spend more than it should. Reagan economic policy only spent money on the military and that gave us the peace dividend that Clinton had.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by washunut View Post
    The thread talks to the U.S. deficit will be higher than forecast. That should be an issue for democrats and republicans equally.

    The national debt has finally reached a level so high that it has gotten the attention of the American public. This should be an issue for progressives as well as conservatives. Interest is projected to be a $500 billion annual cost. That will crowd out our ability to provide social servies in the future.

    It seems to me that being a fiscal conservative and a social progressive go together.

    Problem is that we have Congressional leaders more interested in "bringing home the bacon" and a public that continues to vote for these people that has caused the problems we have today. Congress, both parties, aren't interested in solving problems but instead are only interested in blaming someone else for the problems.

    Fiscal responsibility does not go hand in hand with social responsibility. Social responsibility should be to get compassionate results instead of just compassionate spending. Too many people think with their hearts instead of their brain and politicians play on those emotions.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by NoJingoLingo View Post
    I don't understand why we debate this same thing at least once a week?

    How many times must the repubs be told that the stimulus spending had to be done to save us from another great depression? Is it that hard to understand? I mean gebus, how many conservative economists have to agree on it before the repubs recognize it?

    Or is it just dishonesty for politics sake? take away the TARP money and the stimulus spending and how much has this corpracongress spent?
    You seem very confused about the stimulus plan that was needed vs. the one that Obama signed. The only thing Obama stimulated was the growth of govt. and that is unsustainable and did not stimulate the right kind of economic growth.

    Like far too many you confuse TARP and the Stimulus. TARP was spent and most paid back. The stimulus is a Democrat slush fund that has stimulated debt and greater unemployment.

    Liberals haven't a clue as to how our economy works. Stimulus should have gone to the private sector which creates new taxpayers. Govt. spending created new taxpayers that were offset by taxes on the American people who pay their salaries.

    I doubt you will ever understand that reality.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by disneydude View Post
    A perfect example of the failed thinking that the GOP keeps trying and keeps failing. Do you really believe that governmental policies have no influence on the "private sector". A basic econ 101 class should give you a little help.

    Take a look at "reality". During the last 6 decades whenever we have had a Republican President they deregulate and provide corporate welfare with the "Hope" that maybe a little of the aid wll trickle down to the masses.

    You would think that eventually they would realize....it doesn't work. Sorry.
    Would someone please explain to me what Obama has done to return respect to the White House? While at it, tell me one single accomplishment Obama had during his first year in office that anyone here could be proud of?

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by washunut View Post
    The thread talks to the U.S. deficit will be higher than forecast. That should be an issue for democrats and republicans equally.

    The national debt has finally reached a level so high that it has gotten the attention of the American public. This should be an issue for progressives as well as conservatives. Interest is projected to be a $500 billion annual cost. That will crowd out our ability to provide social servies in the future.

    It seems to me that being a fiscal conservative and a social progressive go together.
    Of course but you missed the point. The repubs here keep saying that this spending is Obama's but really it's just fixing what their guy broke.

    The problem is that Obama can't fix it because he can't shut down the corporate interests that rule our government. He can't make the repubs come to the table and work in a bipartisan fashion. He can't force the corpracongress to pass regulations.

    The only argument on this I could agree with is that he should have tackled small business and small bank issues at the same time instead of waiting so long to get on that part.

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