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Thread: WHitehouse: Obama to lay out Spending Plan

  1. #71
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    Re: WHitehouse: Obama to lay out Spending Plan

    in addition, today:

    The International Monetary Fund lowered its forecast for U.S. growth this year, predicting higher oil prices and the pace of job gains will restrain the recovery.

    “Recovery in the labor market remains lackluster,” the IMF said in the report. “The drag on 2011 growth from oil price increases largely offsets the boost from the Federal Reserve’s unconventional policies and from stronger net exports.”

    “Job creation has recently accelerated, but the pace of improvement in the labor market remains disappointing considering the size of the job losses during the decline,” the fund said in the report.

    The IMF also highlighted several risks to the recovery, including a spike in oil and commodity prices that “could dampen confidence and weaken consumer spending.” The housing market, which precipitated the recession that began in December 2007 and ended in June 2009, may see home prices decline further, according to the report.
    IMF Cuts 2011 U.S. Growth Forecast on Oil, Jobs

    in desperate need of fiscal balance the united states has suffered a leadership void that is truly frightening

    the party in power was too cowardly to produce a budget for 2011 which is how we came so embarrassingly close last week to a shutdown

    reid's senate has been sitting on hr1, the gop budget, since february and has not even offered a serious counter

    the president's proposal for 2012, published in february, is keynesian to the extreme, actually increasing our deficit 20% over awful 09's record

    to his credit budget chair ryan has stepped forward, selflessly exposing his ribs to the lance of demagoguery and demonization

    embarrassingly late on the uptake, shamed into action by the opposition, the white house dissembled YESTERDAY (plouffe on mtp, this week, sotu and fns), spontaneously sputtering it will suddenly release its OWN RYAN on wednesday

    in other words, washington is finally waking up to what cuomo and moonbeam have been forced to address

    finally starting to catch up to reality

    the problem---barack the slasher is about the worst possible poster boy for budgetary balance

    he's completely incredible, utterly unbelievable

    his own base is obstinate

    it's just not who these government apologists and advocates really are, it's not their character

    obama's a roadblock

    leadership, anyone?
    Last edited by The Prof; 04-11-11 at 08:41 PM.

  2. #72
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    Re: WHitehouse: Obama to lay out Spending Plan


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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by Your Star View Post
    You just ignore the fact that the reason the graph looks like that is because Obama put the wars on the budget, while Bush didn't.
    Ignore away......

    FY2003 Supplemental: Operation Iraqi Freedom: Passed April 2003; Total $78.5 billion, $54.4 billion Iraq War
    FY2004 Supplemental: Iraq and Afghanistan Ongoing Operations/Reconstruction: Passed November 2003; Total $87.5 billion, $70.6 billion Iraq War
    FY2004 DoD Budget Amendment: $25 Emergency Reserve Fund (Iraq Freedom Fund): Passed July 2004, Total $25 billion, $21.5 billion (estimated) Iraq War
    FY2005 Emergency Supplemental: Operations in the War on Terror; Activities in Afghanistan; Tsunami Relief: Passed April 2005, Total $82 billion, $58 billion (estimated) Iraq War
    FY2006 Department of Defense appropriations: Total $50 billion, $40 billion (estimated) Iraq War.
    FY2006 Emergency Supplemental: Operations Global War on Terror; Activities in Iraq & Afghanistan: Passed February 2006, Total $72.4 billion, $60 billion (estimated) Iraq War
    FY2007 Department of Defense appropriations: $70 billion(estimated) for Iraq War-related costs[4][5]
    FY2007 Emergency Supplemental (proposed) $100 billion
    FY2008 Bush administration has proposed around $190 billion for the Iraq War and Afghanistan[6]
    FY2009 Obama administration has proposed around $130 billion in additional funding for the Iraq War and Afghanistan.[7]
    FY2011 Obama administration proposes around $159.3 billion for the Iraq and Afghanistan wars.[8]

    .....even if you believe Obama put the roughly 100 Billion/yr "on the books"........



    .....you still have to admit to Obama's drunken sailor spending ability......THE MOST EXPENSIVE PRESIDENT IN HISTORY....
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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by Boo Radley View Post
    If you believe presidents control the economy, you have to lay blame at Bush's feet.
    I dont believe that.....it is a liberal belief that Presidents are all powerfull all controlling Gawds. They arent.....albeit Kenyan Presidents seem to to be hell bent on changing that.
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  5. #75
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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by Ikari View Post
    Doesn't really matter, nothing will actually change. The Republocrats spent us into this mess, and they'll continue to do so. We'll get into more wars, waste more American lives and American dollars, become more in debt to China; and all we'll have is the same players running and the same idiots arguing that their retard is the better retard so we should vote for him.
    A Plethora of Tea Party Republicans were elected last November.........less than 4 months into their spotlight.......they delivered The Largest Spending Cut in US History.

    Change can happen........as soon as we stop electing Democrats and Rinos.....and empower The Tea Party.
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  6. #76
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    Re: WHitehouse: Obama to lay out Spending Plan

    The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way. Gas will eventually hit 10 bucks a gallon and that will destroy our economy. Government spending is the least of our worries for the short term.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by USA_1 View Post
    The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way.
    word

    Government spending is the least of our worries for the short term.
    except the spending and the devaluing go hand in hand

    and entitlements are perhaps the greatest killer in the long run, including public pensions

    we need not just cuts but budget REFORM

    we need a lot of things

    leadership, anyone?

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by The Prof View Post
    word



    except the spending and the devaluing go hand in hand

    and entitlements are perhaps the greatest killer in the long run, including public pensions

    we need not just cuts but budget REFORM

    we need a lot of things

    leadership, anyone?
    The Fed buying treasuries is devaluating the dollar and creating inflation. It is why we are paying almost 4.00 a gallon. This is the the short term problem.
    FT.com / Comment / Opinion - Tighten your seatbelts: 2011 could be worse than 2010
    Last edited by USA_1; 04-11-11 at 11:28 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by USA_1 View Post
    The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way. Gas will eventually hit 10 bucks a gallon and that will destroy our economy. Government spending is the least of our worries for the short term.
    Let's remember that Bernanke is only one member of this evil team. If Geithner and Obama were not producing deficits of 100 billion a month, Bernanke would not been monetarizing it.

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by USA_1 View Post
    Bush was the most expensive president ever. He doubled the debt while driving the economy into the ground for the next president.
    The debt when Bush entered office was 5,725,649,856,797.45 and when he left office it was 10,942,165,294,650.80 for a total added debt of 5,216,515,437,853.35 or 652,064,429,731.67/year on average.

    The current Debt is 14,265,383,134,019.50 for an added debt of 3,323,217,839,368.70 or 1,661,608,919,684.35/year average. Obama has more than doubled the average yearly debt increase of Bush.

    National Debt
    Last edited by ggh; 04-12-11 at 08:58 AM. Reason: Add a link

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