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US deficit tops Obama forecast by 1.2 trillion dollars: CBO

Conservative said:
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.
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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.
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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.
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Reaganomic's is just a different version of Keynsian economics
 
I don't understand why we debate this same thing at least once a week? :shock:

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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Lord Tammerlain said:
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
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I suggest better research on Reganomics.
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Lord Tammerlain said:
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.
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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
 
NoJingoLingo said:
I don't understand why we debate this same thing at least once a week? :shock:

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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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.
 
Lord Tammerlain said:
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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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.
 
washunut said:
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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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.
 
NoJingoLingo said:
I don't understand why we debate this same thing at least once a week? :shock:

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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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.
 
disneydude said:
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.
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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?
 
washunut said:
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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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.
 
Conservative said:
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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People with PHDs in economics on both sides of the isle disagree with you.
 
NoJingoLingo said:
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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What exactly did "our" guy break? What legislation or initiative did "our" guy implement that led to the economic problems we have today?

Obama's Party had a super majority in Congress and passed legislation that hasn't accomplished a thing, yet you blame Bush. It was the Obama Budget in 2010 that will create a 1.6 trillion deficit. Where is your outrage?

It is the Obama economic plan that caused 1.1 million people to drop out of the labor market, where is your outrage?

It is the Obama economic plan that led to 15 million unemployed Americans, where is your outrage?

The only thing you can do is divert to the past simply to run from the Obama agenda.

Still waiting for exactly what it is that Obama has done that has improved this country?
 
Conservative said:
Of course Govt. policies have influence over the private sector. Reagan knew that thus cut taxes and unleased the American initiative and spirit. You weren't old enough to even understand.

What exactly is corporate welfare? What part of this private sector is made up of corporations? The vast majority of this country is small businesses NOT corporations that you hate although corporations employ people, corporations pay taxes, corporations fund charities. You want to focus on the bad that some PEOPLE inside corporations do but overall our system works.

It isn't working now because Obama doesn't understand what drives the U.S. economy. He is building the public sector and that is unsustainable. The affects of the Obama stimulus plan are evidence that you don't have a clue. GDP has grown but not govt. revenue, explain? Unemployment is worse now than before the stimulus. The deficits are setting records and Obama will double the debt to over 21 trillion.

Better wake up, Disneydude, that the education you received or are receiving is making you look foolish.
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If you think the failed Republican economic policies are the model that we should follow....then it is YOU who is looking foolish.
Reagonomics left this Country with Huge deficits. Bush took that to a whole other level.
The reality that you guys don't understand is that giving money to big companies and "hoping" that they will pass it on down the line...." doesn't work. Corporations are not altruistic entitites.
But I think that the GOP actually DOES understand this....they and you just don't care. Let the rich get rich and screw everyone else. That is is the foundation of the Republican party.
You say that investment in the public sector doesn't work? Take a look at the new deal...it is what brought us out of great depression. Do you not know that? Or is it convenient to overlook it.

Oh...and BTW...you keep insinuating that I am too young to understand Reaganomics? Sorry Dude....but I voted for Reagan. The one political mistake that I've always regretted.
 
critics of obama talk about obama

"supporters" of obama talk about bush

"supporters" of obama can't talk about obama

if you talk about obama, the only stuff you can say is bad
 
disneydude;1058604948]If you think the failed Republican economic policies are the model that we should follow....then it is YOU who is looking foolish.
Reagonomics left this Country with Huge deficits. Bush took that to a whole other level.
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Get off the Reagan bashing and pay attention to what is happening today. Obama will create more debt than Bush and Reagan combined. Where is your outrage?


The reality that you guys don't understand is that giving money to big companies and "hoping" that they will pass it on down the line...." doesn't work. Corporations are not altruistic entitites.
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Corporations are a small part of the U.S. Economy but easy to bash because you think they are faceless. Corporations employ people that drive the U.S. Economy. Govt. creates employees that the taxpayer pays for. You don't seem to understand the difference.

But I think that the GOP actually DOES understand this....they and you just don't care. Let the rich get rich and screw everyone else. That is is the foundation of the Republican party.
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Conservatives don't care how much money even you make. When you make money do you screw someone else?

You say that investment in the public sector doesn't work? Take a look at the new deal...it is what brought us out of great depression. Do you not know that? Or is it convenient to overlook it.
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How easy it is for you to ignore what the New Deal Did. It created SS which was never intended to be collected. It created massive entitlement programs that we are paying for today and because of changes to those programs are bankrupting the country. Medicare for example was added to SS.


Oh...and BTW...you keep insinuating that I am too young to understand Reaganomics? Sorry Dude....but I voted for Reagan. The one political mistake that I've always regretted.
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If you truly voted for Reagan then tell me how the Reagan economic policy hurt you or your family?

Reagan took over an economy much worse than anything we have today, rising unemployment, double digit interest rates, double digit inflation, and a malaise that we are starting to see again today. Obama has done nothing to stimulate the private sector and generate enthusiasm from the public. He has grown the size of govt. to levels never seen before and his rhetoric brainwashes some very good people, you included.

Your tag line is interesting, tell me what Obama has done that has returned respect to the WH?
 
Let's just be realistic for a moment... reality is this will be much higher than the 1.2 Trillion ... probably 2x to 4x that amount. Since when did anything the Government touch come in UNDER the estimate?

We're ****ered boyo's...
 
Conservative said:
Where is your outrage?
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There never was any outrage, C. All political poppycock and game playing. Like so many issues both here and abroad, the Left deafens us with their silence, their outrage was engineered, media inspired, and thus selective.

tell me what Obama has done that has returned respect to the WH?
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He's about as Presidential as my Golden Retriever. He's an amateur at best. His Blair House Summit so telling, THAT is Obama's role. The mediator. The liason. The Community Organizer. The man who can pull the talent together, he's not the talent, no far from it. He's the moderator. The compromiser, The cheer leader. He's not a decision maker, not a leader. He's the clown at the rodeo........just kind of making sure noone gets hurt, swerving the bull's attention from the fallen rider, entertaining the public with his dog and pony shows, and the most important analogy, many observers less experienced, less knowledgable, believe the clown is real....that the clown is the entertainment...that the clown is running the show. Cause to the less aware, it does seem like the clown is in charge. Like he knows what he's doing. Or doing next. Like he's got a plan rather than reacting or improvisation as so many clowns do so well.
 
he'd be nowhere without that damned CHIN

he's at least 80% CHIN

problem is, america is getting puke-sick of that CHIN

he's used it way too much
 
Conservative said:
What exactly did "our" guy break? What legislation or initiative did "our" guy implement that led to the economic problems we have today?
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It's been played out in many threads... it started with Reagan.

Obama's Party had a super majority in Congress and passed legislation that hasn't accomplished a thing, yet you blame Bush. It was the Obama Budget in 2010 that will create a 1.6 trillion deficit. Where is your outrage?
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Again, people with an education in economics disagree with you, but I understand if you can't bear to believe those elitists. :roll:

It is the Obama economic plan that caused 1.1 million people to drop out of the labor market, where is your outrage?

It is the Obama economic plan that led to 15 million unemployed Americans, where is your outrage?
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No it's not, that train left the station under Bush and it's the current admin that has been slowing it down.
Besides, it's the policies carried forward from Reagan that has caused the unraveling of our economy.

The only thing you can do is divert to the past simply to run from the Obama agenda.
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It's no diversion, it's an arrow to draw your attention to the root of the problem but of course, you don't want to see the root of the problem because the seed was sewn by the conservatives.

Still waiting for exactly what it is that Obama has done that has improved this country?
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Saved us from another great depression. :2wave:

And if he brings down unemployment and starts reducing the deficit your ilk will be in big trouble... for a little while at least, the American public has a memory as short as a repubs honesty.
 
critics of obama talk about obama

"defenders" of obama talk about bush

and ilks

LOL!
 
NoJingoLingo;1058606321]It's been played out in many threads... it started with Reagan.
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Your personal opinion not backed by anything factual

Again, people with an education in economics disagree with you, but I understand if you can't bear to believe those elitists. :roll:
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I believe most people with an education understand that 60 votes in the Senate is a super majority and that Obama had that super majority in both houses.

No it's not, that train left the station under Bush and it's the current admin that has been slowing it down.
Besides, it's the policies carried forward from Reagan that has caused the unraveling of our economy.
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You haven't a clue as to how our economy works yet claim to be or have been a CEO in a corporation. You are a fraud.

It's no diversion, it's an arrow to draw your attention to the root of the problem but of course, you don't want to see the root of the problem because the seed was sewn by the conservatives.
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As expected you have no solutions that Obama has proposed but that doesn't stop you from spreading the lies from that empty suit.

Saved us from another great depression. :2wave:
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LOL, yep, keep buying the rhetoric you are being told. Tell that to the 15 million workers unemployed and the 1.1 million increase in discouraged workers that they aren't in a depression.

Labor Force Statistics from the Current Population Survey


And if he brings down unemployment and starts reducing the deficit your ilk will be in big trouble... for a little while at least, the American public has a memory as short as a repubs honesty.
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In order to do that he has to increase private sector jobs and there is no evidence he is trying to do that. It takes the creation of 200,000 per month just to break even and there is no evidence that is happening.

Keep buying the rhetoric as apparently you have little pride in yourself as you have no problem being made a fool of.
 
Moderator's Warning:
Conservative... stop the personal attacks or there will be further consequences.
 
Conservative said:
Your personal opinion not backed by anything factual



I believe most people with an education understand that 60 votes in the Senate is a super majority and that Obama had that super majority in both houses.



You haven't a clue as to how our economy works yet claim to be or have been a CEO in a corporation. You are a fraud.



As expected you have no solutions that Obama has proposed but that doesn't stop you from spreading the lies from that empty suit.



LOL, yep, keep buying the rhetoric you are being told. Tell that to the 15 million workers unemployed and the 1.1 million increase in discouraged workers that they aren't in a depression.

Labor Force Statistics from the Current Population Survey




In order to do that he has to increase private sector jobs and there is no evidence he is trying to do that. It takes the creation of 200,000 per month just to break even and there is no evidence that is happening.

Keep buying the rhetoric as apparently you have little pride in yourself as you have no problem being made a fool of.
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:prof There is no such thing as a supermajority in the House, as filibusters don't exist there.
 
danarhea said:
:prof There is no such thing as a supermajority in the House, as filibusters don't exist there.
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That is the best you can do? Of course there is no filibuster in the House but that doesn't mean he didn't have a super majority. Now how about addressing the post?
 
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