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Thread: Obama: I'll cut $4 trillion

  1. #81
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    what is it about the recommendations of the cited deficit commission proposal that you disagree with?
    would that be the commission Obama himself appointed? the one he has ignored until now? until it looked like the GOP had the upper hand in budget talks? that one?

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by lpast View Post
    I have no use for obama..and I dont trust a single word he says....
    i'm fully aware of that, friend

    keep on keepin on

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    what is it about the recommendations of the cited deficit commission proposal that you disagree with?
    ask the slasher

    tell him to put it in writing

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Your Star View Post
    I liked his speech, and I hope that the plan he laid out comes to fruition.
    tell harry to hurry

    america can't afford more waiting

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    Re: Obama: I'll cut $4 trillion

    the slasher will be BELIEVABLE when he PRODUCES

    something real, something ON PAPER

    except he already has: Obama unveils $3.73 trillion budget for 2012 - Politics - White House - msnbc.com

    know the man

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    Re: Obama: I'll cut $4 trillion

    nyt, december, 09: service on the debt, MERE INTEREST ALONE, will approach a full ONE TRILLION DOLLARS PER YEAR by about 2017, 2018

    News Headlines

    president slash, hurry!

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by j-mac View Post
    Without parsing the entire speech, I would venture that before this is over much of what he said will have turned out to have been a lie. But if you want one easy one right off the bat, lie may be a harsh term, but mislead certainly comes to mind when ever he tries to lay off the current state of the economy entirely on the Bush administration alone.

    j-mac
    It isn't misleading if he truly believes it.

    But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program - but we didn't pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts - tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade.

    To give you an idea of how much damage this caused to our national checkbook, consider this: in the last decade, if we had simply found a way to pay for the tax cuts and the prescription drug benefit, our deficit would currently be at low historical levels in the coming years.

    Of course, that's not what happened. And so, by the time I took office, we once again found ourselves deeply in debt and unprepared for a Baby Boom retirement that is now starting to take place. When I took office, our projected deficit was more than $1 trillion. On top of that, we faced a terrible financial crisis and a recession that, like most recessions, led us to temporarily borrow even more. In this case, we took a series of emergency steps that saved millions of jobs, kept credit flowing, and provided working families extra money in their pockets. It was the right thing to do, but these steps were expensive, and added to our deficits in the short term.

    So that's how our fiscal challenge was created. This is how we got here. And now that our economic recovery is gaining strength, Democrats and Republicans must come together and restore the fiscal responsibility that served us so well in the 1990s.
    Source.
    The above section of the speech is the truth, from a Democratic POV. Obama is not misleading, but believes that the last decade was the main cause of the deficit, and he took responsibility for his part in it as well.

    Now, without saying he lied or mislead, we can certainly say he was wrong after a few years has gone by after his proposal passes. If it does at all.
    "Action expresses priorities."
    ~Mohandas Gandhi

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by lpast View Post
    Prof, ryan is on the teaparty bandwagon. The teaparty 30-45 rich guys need to keep something in mind...there are numerous middleclass republicans just like me who make less than 150k.
    I fully understand the country is in debt. I fully understand something has to be done. I also know when the economy kicks back in tons more tax revenue will be collected federal and in states.
    The teaparty should be attacking illegal immigration that costs us untold billions, not a mention. Why arent they harping on a moratorium on ALL FOREIGN AID until our own house finances are right. Why arent they looking at the billions in subsidies to big corporations...everyone with a brain the size of a pea knows big oil shouldnt be getting a nickle in subsidies theyve been getting them for decades and we the people have gotten zero benefit except to watch their profits soar and their CEO get a 400 million retirement package...Im not talking class warfare here im talking the TRUTH. Im sick and tired of hearing the sameOle conservative and liberal talking points...both of them are broken BS records...Tax cuts for the rich creates jobs, The rich pay to much, Corporations need no regulations blah blah blah...and the left with all their garbage. Somewhere in the middle is the truth and thats where we have to get to be successful again and prosper.
    There should be NO MORE tax cuts for the Richest Americans until we are out of debt. Social Security and Medicare should be part of a package of cuts along with stopping illegal immigration and GIMMES for illegal immigrants as well as the end of outrageous giving countries our money that we BORROWED and subsidies to big corps to enhance CEO pay and BONUS..
    Lets all stop the bull**** please and be realistic and get the job done. We could do this with very little pain to any americans if we cut where ryans plan doesnt even GO. Thats my story and im stickin to it :
    Noticed that you ignored my post on who pays the taxes and at what rate. that is the federal tax burden so add the state tax burden to that and how much more is right to get from the rich? You can ignore the facts but that doesn't change them.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    what is it about the recommendations of the cited deficit commission proposal that you disagree with?
    Obama is not serious about cutting the deficit, he wants to tax the rich so he can still spend more. He has no clue about economics. I hope that he really taxes the rich so that they can ALL move to another country and take their businesses with them. This man has no business being president, he is so deep that he needs scuba gear to get out of this mess. That's what we get we we elect inept people. I was very surprised that he didn't blamed Bush in his speech this time.
    Catch me if you can.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Conservative View Post
    Noticed that you ignored my post on who pays the taxes and at what rate. that is the federal tax burden so add the state tax burden to that and how much more is right to get from the rich? You can ignore the facts but that doesn't change them.
    You are lucky that he ignored your post. This person is rude as hell.
    Catch me if you can.

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