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Thread: On road to surplus, U.S. detoured into debt

  1. #71
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    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Demon of Light View Post
    I am aware of that, but look at the revenue levels compared to before the Bush tax cuts and look at the expenses Obama has made so far. You would have to be deep in the kool-aid to think simply lifting the Bush tax cuts will have any serious impact without major cuts to Obama's spending.
    1. You are assigning all expenses that occured during Obama's tenure as Obama's. This has been debunked mulitple times. However, I do agree, the stimulus was quite expensive.
    2. The projected differences in revenue are 6.3 trillion, that is a serious impact.

    Obama's 2009 economic stimulus, a favorite target of Republicans who blame Democrats for the mounting debt, has added $719 billion - 6 percent of the total shift, according to the new analysis of CBO data by the nonprofit Pew Fiscal Analysis Initiative. All told, Obama-era choices account for about $1.7 trillion in new debt, according to a separate Washington Post analysis of CBO data over the past decade. Bush-era policies, meanwhile, account for more than $7 trillion and are a major contributor to the trillion-dollar annual budget deficits that are dominating the political debate.
    Will you bring something up that has not already been addressed by the article?

  2. #72
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    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Harry Guerrilla View Post
    So it wasn't really a surplus.
    You have to make up that spent revenue somewhere and at some time in the future.

    Seems like ole times.

    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  3. #73
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    Re: On road to surplus, U.S. detoured into debt

    This thread belongs in the partisan politics forum.
    If you expect people to be rational, you aren't being rational.

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    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by mpg View Post
    This thread belongs in the partisan politics forum.

    This thread has evolved into a debate that Harry and I had a few years ago…almost the same answers to the same questions…kinda spooky.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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