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Obama State of the Union

obvious Child said:
Clearly you didn't read your own articles, but thanks for admitting you don't know what the term "surplus" means.



It's amusing how you are claiming a rainy day fund, much of which was funded by prior year taxes counts as an annual budgetary surplus for the current fiscal year.

According to your logic, Texas, which faces a budgetary deficit of $10 billion has a surplus because a rainy day fund has $8.2 billion in it. Therefore, all states who are facing budgetary deficits actually have surpluses if their rainy day funds have a penny or more according to you.

Clearly, you have no understanding of basic finance or accounting.

Note this:



Except that the projection of $10 billion deficit is for just next year. Or you are again not reading your own articles?

Btw, your own state comptroller, who's a Republican said this: "We believe that unemployment bottomed out in September."

Texas comptroller: Budget shortfall outlook overblown | News for Dallas, Texas | Dallas Morning News | Latest News

By the way, which is a larger number, $10 billion or $8.2 billion? If Texas took its entire rainy day fund to plug the hole, it would still be $1.8 billion in the hole.

I find it amusing how you think you are smarter but you can't even get basic math correct.



You act like one. And you do want the economy to tank to take down Obama. You are outright refusing to address how U6 went down because it blows your arguments out of the water. Hell, you are going out of your way to pretend U6 doesn't exist anymore despite you attacking Obama on it before!

Perhaps when you finally start earning money for yourself you'd figure it out.
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Let me know when you figure out the definition of a PROJECTED deficit?
 
obvious Child said:
O'rly?

Where are the Jobs? | Indeed.com



I see the ability to count eludes you:
America's Best Housing Markets - 10. Austin-Round Rock, Texas - Forbes.com



Yeah, like paying down the debt. :2wave:

White House Aims to Cut Deficit With TARP Cash - WSJ.com

I believe we should start calling you the new Navy Pride. You get everything wrong.
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As for the Housing markets, here is my source, so which is right?

http://www.builderonline.com/local-markets/the-healthiest-housing-markets-for-2009.aspx?page=12

As for home building,

http://www.texaswideopenforbusiness.com/news/Texas-leads-the-nation-in-homebuilding.html


If it happens I will admit I was wrong, until it happens, you are wrong, but thanks for being here to save me from myself.
 
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obvious Child said:
Failed? How many jobs we talking about? U6 went down. Even Conservative won't argue with that. As firms are still cutting, this implies that jobs are also being created.
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So people who no longer are looking are counted on U6?

More smoking mirrors like Obama counting raises as jobs saved.

You can't say jobs created or saved because Obama has lied so much no one can find the truth.
 
Conservative said:
Projections? You mean like the projected 1.6 trillion dollar deficit this fiscal year in the OBAMA Budget?
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Excellent example of changing the subject when backed into a corner by misrepresentation of the facts.
 
ptif219 said:
So you don't want facts do get in the way of your propaganda?
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Are you denying the facts I presented that Texas requested 21 Billion dollars of the Stimulus money and was awarded $17 billion dollars?
 
Catawba said:
Excellent example of changing the subject when backed into a corner by misrepresentation of the facts.
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The problem is you don't understand a fact from an opinion. It is a fact that TX has a surplus, it is also a fact that based upon the poor Obama economy that it has a PROJECTED deficit. Do you understand the difference?

Let me help you, one is actual and the other could happen. Which one is real?

Why is it that Obama supporters want to spread their misery equally to everyone else?
 
Catawba said:
Are you denying the facts I presented that Texas requested 21 Billion dollars of the Stimulus money and was awarded $17 billion dollars?
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Catawba, you have an interesting yet typical debate tactic of diverting from the disaster in the WH to issues you truly do not understand. Throughout this thread you have been given actual verifiable facts that can be found at BEA.gov, BLS.gov, U.S. Treasury, U.S. Census but you ignore those facts and counter with opinions and projections that present a partisan point of view.

I don't blame you from running from the Obama record and ignoring the state of the economy today by focusing on placing blame vs. taking responsibility.

"Your" President is a campaigner, not a leader. He is great at placing blame vs. accepting responsibility. His economic results affect all states and no matter how fiscally responsible a state is, i.e. TX, it is going to suffer as a result of the National economy.

In any state ranking you will find TX doing much better than other states in the nation with similar populations and similar problems. Instead of finding out why TX is faring better than other states, you prefer to go on attack and want TX to be as bad as other states.

Some people never learn from their own mistakes. The people of TX are independent and understand personal responsibility. Other states should be trying to be more like TX yet continue down the same path of dependence that got them into the problem they are in today. There is certainly a role for the Federal Govt. but providing social services isn't one of them.

Now you can change your tune and recognize the failure of liberalism and Obama or continue to buy the Obama rhetoric and be made a bigger fool. The choice is yours.
 
Conservative said:
Let me know when you figure out the definition of a PROJECTED deficit?
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Let me know when you figure out what "current expenditures outpace current revenues by $1 billion."

Amusing. When I post a link showing the top 10 which shows you are wrong, you counter with a site with significantly more. Sure, Texas has 5 of the top housing markets....when the sample is massive.

If it happens I will admit I was wrong, until it happens, you are wrong, but thanks for being here to save me from myself.
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You are way too immature to admit it.

And a rainy day fund does not count as a budgetary surplus. It never has and never will.
 
Conservative said:
The problem is you don't understand a fact from an opinion. It is a fact that TX has a surplus
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Wrong. The comptroller stated that tax revenues are down $1 billion currently. How the hell is that a surplus?

it is also a fact that based upon the poor Obama economy that it has a PROJECTED deficit. Do you understand the difference?
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Come again? How is current revenues being outpaced by current expenditures a surplus?

Clearly, you have no understanding of basic finance or accounting.

“Everyone agrees there will be a budget deficit and it will be much bigger than in 2003 (when lawmakers also faced a deficit). But it’s better than 2003 because we did not give them this much warning.”
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Brenham Banner-Press > Archives > News > Budget deficit looming -- Perry, Dewhurst, Straus ask agencies to submit plans to cut spending

You know, Navy Pride isn't going to like having a challenger for the title of Champion of Epic Failness.
 
Catawba said:
Excellent example of changing the subject when backed into a corner by misrepresentation of the facts.
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Facts? Since when did he have any facts?

He argued that a rainy day fund counts as a surplus. No respectable accountant anywhere would agree with him on that. He failed to realize that Texas right now has a billion dollars in expenditures outpacing revenues. That is by definition an operating deficit. Of Forbes's top 10 housing markets, only 3, not 5 are in Texas. He failed to notice that the Texas projections are for just one year.

It is amusing watching him try to argue that a projected deficit between $7 billion and $20 billion is actually a surplus because it's just a deficit. Granted, I don't know the state of actuaries and economists in Texas, but to have that large of a spread is Biblical Failure. "We [Republican Comptroller] projected a huge deficit, but we actually had a surplus!" Sounds like Enron.
 
obvious Child said:
Let me know when you figure out what "current expenditures outpace current revenues by $1 billion."

Amusing. When I post a link showing the top 10 which shows you are wrong, you counter with a site with significantly more. Sure, Texas has 5 of the top housing markets....when the sample is massive.



You are way too immature to admit it.

And a rainy day fund does not count as a budgetary surplus. It never has and never will.
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Oh, I have it figured out quite well as I live in TX. I keep wondering why you want to spread your liberal misery equally to everyone else.

I countered your claims with information to the contrary. Now I wonder why it is that people like you have a problem with what is going on in TX and why you have a problem with TX doing so much better than the rest of the nation.

Most intelligent people understand how to "steal shamelessly" but others like you have too big of an ego to do that. No one can teach you a thing.
 
obvious Child said:
Facts? Since when did he have any facts?

He argued that a rainy day fund counts as a surplus. No respectable accountant anywhere would agree with him on that. He failed to realize that Texas right now has a billion dollars in expenditures outpacing revenues. That is by definition an operating deficit. Of Forbes's top 10 housing markets, only 3, not 5 are in Texas. He failed to notice that the Texas projections are for just one year.

It is amusing watching him try to argue that a projected deficit between $7 billion and $20 billion is actually a surplus because it's just a deficit. Granted, I don't know the state of actuaries and economists in Texas, but to have that large of a spread is Biblical Failure. "We [Republican Comptroller] projected a huge deficit, but we actually had a surplus!" Sounds like Enron.
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Sounds like a little jealousy to me. You just hate it that the state of TX is in such better shape than the rest of the nation and has lower taxes than yours. The people of TX understand personal responsibility and we also understand that we have a disaster in the WH.

I suggest you do a little more research on the state of TX and learn how the govt. here works. Projected deficit? Even with that disaster in the WH the people of TX will figure out how to not violate the state Constitution and prevent an actual deficit from occurring
 
Conservative said:
Oh, I have it figured out quite well as I live in TX.
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Doesn't appear so based on your "facts'

I countered your claims with information to the contrary.
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You did no such thing other then argue that Texas has 5 of the best housing markets out of a larger sample. By that measure, California has 5 of the best housing markets out of a massive sample. Does that tell us anything? No. It's just you being dishonest as usual.

Now I wonder why it is that people like you have a problem with what is going on in TX and why you have a problem with TX doing so much better than the rest of the nation.
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Okay, go figure out your $10 billion deficit. :2wave:

Most intelligent people understand how to "steal shamelessly" but others like you have too big of an ego to do that. No one can teach you a thing.
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I'm not the one who argued that a state with a $10 billion dollar deficit actually has a surplus because it has a rainy day fund. You did.
Furthermore, I'm not the one who argued that a prior year funded rainy day fund counts as a current revenue item on a state budget. You did.

It's amusing how you think your own Republican comptroller is wrong after she stated that the current expenditures are outpacing current revenues by a billion dollars.

Tell me how that's a surplus. If you can. But you won't. Because you can't.

Well, thanks for again showing you make up your own facts with no regard for reality.

Texas is currently facing an operating deficit with a larger projected deficit, but you think it has a surplus.

Wait, I know better. You don't even know what operating deficit means.
 
Conservative said:
Sounds like a little jealousy to me. You just hate it that the state of TX is in such better shape than the rest of the nation and has lower taxes than yours. The people of TX understand personal responsibility and we also understand that we have a disaster in the WH.

I suggest you do a little more research on the state of TX and learn how the govt. here works. Projected deficit? Even with that disaster in the WH the people of TX will figure out how to not violate the state Constitution and prevent an actual deficit from occurring
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So you guys going to give us that $17billion back then?
 
obvious Child said:
Doesn't appear so based on your "facts'



You did no such thing other then argue that Texas has 5 of the best housing markets out of a larger sample. By that measure, California has 5 of the best housing markets out of a massive sample. Does that tell us anything? No. It's just you being dishonest as usual.



Okay, go figure out your $10 billion deficit. :2wave:



I'm not the one who argued that a state with a $10 billion dollar deficit actually has a surplus because it has a rainy day fund. You did.
Furthermore, I'm not the one who argued that a prior year funded rainy day fund counts as a current revenue item on a state budget. You did.

It's amusing how you think your own Republican comptroller is wrong after she stated that the current expenditures are outpacing current revenues by a billion dollars.

Tell me how that's a surplus. If you can. But you won't. Because you can't.

Well, thanks for again showing you make up your own facts with no regard for reality.

Texas is currently facing an operating deficit with a larger projected deficit, but you think it has a surplus.

Wait, I know better. You don't even know what operating deficit means.
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Whether you buy it or not is irrelevant. TX is in better shape than every other large state in the country and that must drive you crazy.
 
Conservative said:
Whether you buy it or not is irrelevant. TX is in better shape than every other large state in the country and that must drive you crazy.
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So you have no problems lying then?

Btw, Texas has been in a deficit for a couple years:

Texas state budget - Sunshine Review

It still cracks me up you argued that if a state has a rainy day fund, it has a surplus! What total fail in understanding basic government accounting.

I would link you the Texas CAFR, but I know you have no understanding of accounting or finance.

Oh look:

"Tell me how that's a surplus. If you can. But you won't. Because you can't. "

I said that....and I was right. You can't.
 
Deuce said:
What do you care? You don't need it. You have it all figured out.
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Yeah, after all, since Texas has a rainy day fund, it doesn't MATTER how much is in the fund or how large the deficit, Texas has a surplus purely because it has a rainy day fund!

After all, that's what he argued. :2wave:

It's going to be amusing watching Texas report a huge deficit and watching Conservative flee from the thread.
 
obvious Child said:
So you have no problems lying then?

Btw, Texas has been in a deficit for a couple years:

Texas state budget - Sunshine Review

It still cracks me up you argued that if a state has a rainy day fund, it has a surplus! What total fail in understanding basic government accounting.

I would link you the Texas CAFR, but I know you have no understanding of accounting or finance.

Oh look:

"Tell me how that's a surplus. If you can. But you won't. Because you can't. "

I said that....and I was right. You can't.
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I don't know but someone got it wrong

http://www.cppa.utah.edu/westernstatesbudgets/WPSA08/Texas_2008.pdf

TX operates on a two year budget, 2008-2009, Then 2010-2011.

Best move I ever made moving to TX.
 
obvious Child said:
Facts? Since when did he have any facts?

He argued that a rainy day fund counts as a surplus. No respectable accountant anywhere would agree with him on that. He failed to realize that Texas right now has a billion dollars in expenditures outpacing revenues. That is by definition an operating deficit. Of Forbes's top 10 housing markets, only 3, not 5 are in Texas. He failed to notice that the Texas projections are for just one year.

It is amusing watching him try to argue that a projected deficit between $7 billion and $20 billion is actually a surplus because it's just a deficit. Granted, I don't know the state of actuaries and economists in Texas, but to have that large of a spread is Biblical Failure. "We [Republican Comptroller] projected a huge deficit, but we actually had a surplus!" Sounds like Enron.
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Excellent points!
 
obvious Child said:
Yeah, after all, since Texas has a rainy day fund, it doesn't MATTER how much is in the fund or how large the deficit, Texas has a surplus purely because it has a rainy day fund!

After all, that's what he argued. :2wave:

It's going to be amusing watching Texas report a huge deficit and watching Conservative flee from the thread.
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Conservative isn't going anywhere. I feel great living in this state and not paying state income taxes while watching the rest of the nation paying the price for the disaster they voted for in the last election. Obama lost TX by over a million votes. TX got it right and has an economy that is much better off than the rest of the nation.

Don't see that deficit you are claiming exists.
 
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