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Thread: Obama's FY 2012 Budget

  1. #381
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    Re: Obama's FY 2012 Budget

    he's LYING again

    A new assessment of President Barack Obama's budget released Friday says the White House underestimates future budget deficits by more than $2 trillion over the upcoming decade.

    The estimate from the nonpartisan Congressional Budget Office says that if Obama's February budget submission is enacted into law it would produce deficits totaling $9.5 trillion over 10 years -- an average of almost $1 trillion a year.

    Obama's budget saw deficits totaling $7.2 trillion over the same period.

    The difference is chiefly because CBO has a less optimistic estimate of how much the government will collect in tax revenues, partly because the administration has rosier economic projections.
    CBO: Obama understates deficits by $2.3 trillion - Yahoo! Finance

    his outyear projections rely on unrealistically rosey growth rates and unsustainably near-zero interst costs

    do you deny it?

  2. #382
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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by The Prof View Post
    he's LYING again



    CBO: Obama understates deficits by $2.3 trillion - Yahoo! Finance

    his outyear projections rely on unrealistically rosey growth rates and unsustainably near-zero interst costs

    do you deny it?
    I am willing to bet that this analysis is wrong. The deficit will be be higher than their guesstimate of $9.5 trillion. We are running a deficit of about $1.5 trillion annually. So a better guess is something between $13.5-$15 trillion.

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by Conservative View Post
    All part of the Obama masterplan, to turn this country into a European socialist model that redistributes wealth and grows the size of govt. Anyone that supports this is on the wrong side of history.
    Hope and change, baby!!!!!
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  4. #384
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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by washunut View Post
    I am willing to bet that this analysis is wrong.

    What? But I thought that no one, absolutely NO ONE could impugn the ultimate analysis of the vaunted, and totally correct all the time CBO!


    j-mac
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  5. #385
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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by The Prof View Post
    he's LYING again

    his outyear projections rely on unrealistically rosey growth rates and unsustainably near-zero interst costs
    It's not about the budget. It's about making people feel optimistic about the future.
    Of course, nobody can really predict the future, but since the vast majority believe it, politicians, pundits, and economists must play their game to keep their hopes alive.

    ricksfolly

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by ricksfolly View Post
    It's not about the budget. It's about making people feel optimistic about the future.
    Of course, nobody can really predict the future, but since the vast majority believe it, politicians, pundits, and economists must play their game to keep their hopes alive.

    ricksfolly

    And that is the problem that must be changed. Too many people today rely on their message being targeted to the "feelings" of prospective voters. Meanwhile the truth that must be addressed gets kicked down the road, and the problem gets bigger.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by ricksfolly View Post
    It's not about the budget. It's about making people feel optimistic about the future.
    Of course, nobody can really predict the future, but since the vast majority believe it, politicians, pundits, and economists must play their game to keep their hopes alive.

    ricksfolly
    Are you serious??? The budget the president puts forth is NOT really a budget, but a feel good lie to the American public. Of all the silly things I have read on this forum this has to be in the upper levels of ( can't say without being called insulting by the moderators).

    This president has no political courage. That is why he refuses to tell the truth on many issues. Or maybe he just thinks the american public ( or at least his supporters) are a bunch of non-thinking limmings that will rationalize everthing he says and does.

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by washunut View Post
    This president has no political courage. That is why he refuses to tell the truth on many issues. Or maybe he just thinks the american public ( or at least his supporters) are a bunch of non-thinking limmings that will rationalize everthing he says and does.

    You're right....Should he be more like these guy's?




    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by j-mac View Post
    You're right....Should he be more like these guy's?




    j-mac
    The reality is what Reich said is basically correct. Can this country afford to spend millions to keep someone who can't get out of a hospital bed alive with extraordinary measures. If a family wants to spend everything they have to do it fine, that is their choice.

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    Re: Obama's FY 2012 Budget

    Quote Originally Posted by Conservative View Post
    All part of the Obama masterplan, to turn this country into a European socialist model that redistributes wealth and grows the size of govt.
    Actually, the only way for the world can survive is redistribute all the wealth, give each person an equal piece of the pie, develop worldwide government controlled businesses, distribute contracts by bids, require that every adult must work to get a place to live, food, and all other needs, discard all the law books, try violators with common sense, and keep it all going with computer programs.

    Adapt or die

    ricksfolly

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