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Thread: White House predicts record $1.47 trillion deficit

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by The Dane View Post
    Yeah where did that nice big surplus that Clinton left for us go?
    It never existed, really. It was a projected surplus. It vanished when the economy tanked, and along with it the tax revenues.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: White House predicts record $1.47 trillion deficit

    There is a simple way out of this fiscal crisis:

    President Obama announces to the world that there is only one China.

    The Chinese would pay TRILLIONS to hear that!
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Deuce View Post
    It never existed, really. It was a projected surplus. It vanished when the economy tanked, and along with it the tax revenues.
    there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.
    FactCheck.org: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?
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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Your Star View Post
    Cutting the deficit would be an easier task if we weren't in this huge recession. We need to increase our GDP, and increasing government spending is a good way to increase it. Once we are out of this recession then by all means, cut spending. We need too reduce the deficit. Just depends on what programs we remove funding from.
    We need to cut the deficit and inspire confidence in the stability and good credit of the United States government, as the best means of growing the economy, and the only practical way to cut the deficit is the cut the spending. Cutting the spending by ummm...1.5 trillion dollars would do the trick nicely.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Your Star View Post
    Well you have to decide what programs are necessary, and which ones are not, and how much money do you take away from said programs.
    That's easy.

    Some people already figured that one out.

    They wrote a Constitution for the United States to define the necessary spending.

    No social entitlement or welfare program is allowed by the Constitution, nor is any federal spending for education, broadcasting, agriculture or industry subsidies, etc.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by The Dane View Post
    The last President to balance the budget was Clinton.
    Nope. Only if you allow criminal accounting scams to hide expenses.

    Clinton never had a balanced budget in front of him.

    Also, it's the Congess that sets the budget, not the President, who merely signs the bill Congress writes.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Scarecrow Akhbar View Post
    We need to cut the deficit and inspire confidence in the stability and good credit of the United States government, as the best means of growing the economy, and the only practical way to cut the deficit is the cut the spending. Cutting the spending by ummm...1.5 trillion dollars would do the trick nicely.
    Which, of course, will never happen. While I'm sure both sides can put a good face on saying we need to be fiscally responsible, both sides want to cut different things.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Scarecrow Akhbar View Post
    Also, it's the Congess that sets the budget, not the President, who merely signs the bill Congress writes.
    Which is what we say when we don't want to give the President credit for something, whereas when we do all we hear about is the President.

    We've set up the President as our national strawman, and have for decades now.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by TacticalEvilDan View Post
    Which is what we say when we don't want to give the President credit for something, whereas when we do all we hear about is the President.

    We've set up the President as our national strawman, and have for decades now.
    Actually, I give Congress the blame for everything it does wrong, and the President the blame for everything he does wrong, and since it's been 22 years since we've had a president that did anything right, and since we've never had a congress that's ever done anything right, I'm not that concerned about giving "credit".

    22 years does count as "decades".

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    Re: White House predicts record $1.47 trillion deficit

    Quote Originally Posted by Scarecrow Akhbar View Post
    Actually, I give Congress the blame for everything it does wrong, and the President the blame for everything he does wrong, and since it's been 22 years since we've had a president that did anything right, and since we've never had a congress that's ever done anything right, I'm not that concerned about giving "credit".

    22 years does count as "decades".
    Without addressing your absurd generalizations, the fact is that what I said matches the way the general public views and responds to the Presidency.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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