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

  1. #61
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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by doc mercer View Post
    Conservative ... shall we talk about Reagan?

    Reagan was Governor for 8 years during which he increased Taxes on many items.

    He increased the state revenues more than any predecessor.

    By Far. Cutting Government? Ho Hum. Blarney Baloney once more.


    Reagan policies increased Spending by 80% .
    Debt by 186%.
    9-3-01 Debt was $999.9 Billion and 9-30-89 at $1,859 Billion
    Conservatives use Spin: It was Congress.

    From 1930 to 1980 we spent $6066 Billion.
    Reagan 8 Budgets totaled over $7000 Billion.
    Congress? Ho Hum.
    Blarney Baloney.

    Congress returned Reagan 8 budgets for his signature with
    fewer total dollars on them.

    Haynes Johnson in “sleepwalking” said Reagan administration was “most scurrilous in history”

    138 were investigated /charged/fined. More than total for all preceding Presidents in 20th century.

    There were scandals in 27 Departments of the Federal Government.
    Most involved money fraud.

    The book “Ronald Reagan-There he goes again” documents over 300 incorrect statements by good old Ron.

    Each President from 1945 reduced the Debt then came Spend-Borrow Reagan
    to increase government by 80%.
    Better check non partisan BEA.gov, BLS.gov and U.S. Treasury information again for accurate data, or is that data only accurate when a Democrat is in the WH?

    Take a civics class and get back to me. You want to continue to re-write history? Better learn history first.

  2. #62
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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by doc mercer View Post
    Gramm was a major player in the housing meltdown and those that deny
    are really out to to lunch

    ===========

    Conservatives once believed both in lower taxes and in balancing the budget.

    Under Reagan, they simply became the party of tax cuts, without any commitment to fiscal responsibility.

    Dick Cheney, George W. Bush’s vice-president, admitted as much when he told a cabinet colleague: “Reagan proved deficits don’t matter.”

    A mystical belief took hold that if you just cut taxes, the economy would grow fast enough to cover the shortfall – or government would shrink, almost by magic. Somehow it would all come right. This drift in Republican thinking was actually profoundly anti-conservative – because it elevated ideology (cut taxes at any cost) over a pragmatic commitment to good governance.

    It is the same with foreign policy. Reagan’s insistence that the Soviet Union was an “evil empire” caused many liberals to wince – but was basically accurate. However, when George W. Bush attempted to emulate Reagan’s “moral clarity”, he came up with the “Axis of Evil” – a silly concept that led America into a costly and unnecessary war in Iraq. President Bush also missed the fact that while Reagan had built up the US military, he had avoided any big wars. Invading Grenada under Reagan was one thing; invading Iraq under Mr Bush turned out to be quite another.
    let me know how that Hope and Change is working out for you? Growing the public sector sure is helping the U.S. Economy, isn't it? 15 million unemployed, a labor force cut by 1.1 million, and a debt doubling from 10.6 to 21 trillion is a great liberal legacy yet the best you can do is attack Reagan and Bush?

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

    Quote Originally Posted by doc mercer View Post
    Gramm was a major player in the housing meltdown and those that deny
    are really out to to lunch

    ===========

    Conservatives once believed both in lower taxes and in balancing the budget.

    Under Reagan, they simply became the party of tax cuts, without any commitment to fiscal responsibility.

    Dick Cheney, George W. Bush’s vice-president, admitted as much when he told a cabinet colleague: “Reagan proved deficits don’t matter.”

    A mystical belief took hold that if you just cut taxes, the economy would grow fast enough to cover the shortfall – or government would shrink, almost by magic. Somehow it would all come right. This drift in Republican thinking was actually profoundly anti-conservative – because it elevated ideology (cut taxes at any cost) over a pragmatic commitment to good governance.

    It is the same with foreign policy. Reagan’s insistence that the Soviet Union was an “evil empire” caused many liberals to wince – but was basically accurate. However, when George W. Bush attempted to emulate Reagan’s “moral clarity”, he came up with the “Axis of Evil” – a silly concept that led America into a costly and unnecessary war in Iraq. President Bush also missed the fact that while Reagan had built up the US military, he had avoided any big wars. Invading Grenada under Reagan was one thing; invading Iraq under Mr Bush turned out to be quite another.
    belongs on the history page

    why did obama promise to cut the deficit in half in 4 years?

    Obama promises to cut budget deficit in half :: CHICAGO SUN-TIMES :: 44: Barack Obama

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

    Quote Originally Posted by doc mercer View Post
    Reagan introduced racking up a surplus while complaining about deficits, railing against taxes while signing in the biggest tax increase in history railing against iranian extremists while arming them, talking about law and order while circumventing the constitution, etc


    I would let my dog take a big warm crap on Reagan's grave and smile as that
    POS was nearly as corrupt
    Grow up, Kid!

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

    Quote Originally Posted by doc mercer View Post
    Conservative:

    Lets talk about your boy Phil Gramm shall we?

    In the 1990s, as chairman of the Senate banking committee, he routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street; during this period, the sec's workload shot up 80 percent, but its staff grew only 20 percent.

    Gramm also opposed an sec rule that would have prohibited accounting firms from getting too close to the companies they audited—at one point, according to Levitt's memoir, he warned the sec chairman that if the commission adopted the rule, its funding would be cut.
    Instead let's talk about your plagiarism, shall we?

    David Corn: Foreclosure Phil (Gramm) - Democratic Underground
    In the 1990s, as chairman of the Senate banking committee, he routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street; during this period, the sec's workload shot up 80 percent, but its staff grew only 20 percent. Gramm also opposed an sec rule that would have prohibited accounting firms from getting too close to the companies they audited—at one point, according to Levitt's memoir, he warned the sec chairman that if the commission adopted the rule, its funding would be cut.

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

    Quote Originally Posted by doc mercer View Post
    It is the same with foreign policy. Reagan’s insistence that the Soviet Union was an “evil empire” caused many liberals to wince – but was basically accurate. However, when George W. Bush attempted to emulate Reagan’s “moral clarity”, he came up with the “Axis of Evil” – a silly concept that led America into a costly and unnecessary war in Iraq. President Bush also missed the fact that while Reagan had built up the US military, he had avoided any big wars. Invading Grenada under Reagan was one thing; invading Iraq under Mr Bush turned out to be quite another.
    Oops! Again...

    When Did the Republican Rot Set in?: Gideon Rachman Blames Reagan; I Blame Nixon--or Perhaps the Moment When Dwight Eisenhower Turned His Back on His Mentor George Marshall - Grasping Reality with All Six Feet
    It is the same with foreign policy. Reagan’s insistence that the Soviet Union was an “evil empire” caused many liberals to wince – but was basically accurate. However, when George W. Bush attempted to emulate Reagan’s “moral clarity”, he came up with the “Axis of Evil” – a silly concept that led America into a costly and unnecessary war in Iraq. President Bush also missed the fact that while Reagan had built up the US military, he had avoided any big wars. Invading Grenada under Reagan was one thing; invading Iraq under Mr Bush turned out to be quite another

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

    Quote Originally Posted by Taylor View Post
    Instead let's talk about your plagiarism, shall we?

    David Corn: Foreclosure Phil (Gramm) - Democratic Underground
    Thanks, Taylor, Mercer continues to show exactly who he is and exactly what is wrong with this country today.

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

    Quote Originally Posted by Conservative View Post
    Thanks, Taylor, Mercer continues to show exactly who he is and exactly what is wrong with this country today.
    Indeed... I guess some people are fine letting others do all of their thinking.

    They say to themselves, why bother to get a clue when you can cut and paste and appear to have a clue?

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

    Guess quoting the leftwing swamp makes Mercer feel important but what it does is make mercer look like a mental midget. Wonder why some people have such little pride in themselves?

    Taylor, thanks for showing us exactly who mercer is!

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

    Ohhhh

    so now Phil Gramm is not important in the Housing Crash?


    Love it ... the dumbasses like "Conservative" have memory that go into neutral when the corruption that has defined that party nicely since the 70s does not count


    JFC ... must be nice to know that if you are Conservative being required to think is never part of your daily existence

    You tout a big game ... about the only big appears to your cocky mouth

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