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Obama: No Deal Without Tax Hikes

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cpwill said:
:) so you are saying yes, it is Obama's fault that our deficit is the size it is, and that we haven't had a budget two years running?
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As long as you admit that most of the debt is the fault of a GOP president :)
 
Lol, thats the end of your beloved Reaganomics! :mrgreen:

Tax cuts, deregulation of the financial market since the 80s.

TradeDeficitGDP.jpg


China’s Economy Grows 9.5%, Besting Estimates

China
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China Urges U.S. to Take Responsible Action on Debt

China, the United States’ biggest creditor, on Thursday urged the U.S. government to act to protect investor interests, highlighting rising concerns around the globe about the protracted budget talks taking place in Washington.

http://www.nytimes.com/2011/07/15/b...-to-take-responsible-action-on-debt.html?_r=1
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China Dagong Rating Agency Chairman: US Debt On Negative Watch

http://online.wsj.com/article/BT-CO-20110713-716370.html
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PeteEU said:
As long as you admit that most of the debt is the fault of a GOP president :)
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hey, it's her argument, not mine. ;) I thought the Constitution determined how our government functioned.
 
cpwill said:
....and then he has the gall to accuse Republicans of being obstinate?
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The GOP has their head up their ass.

They're too busy kissing billionaire butt to realize they're pissing away their majority control.

2012 will be the biggest re-transfer of power in history.

Buh-bye teabaggers...
 
cpwill said:
woops :).



looks like someone isn't aware that (as per the Constitution), spending originates in the House of Representatives:


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Once again, using a chart about control of the House to make a point about the president is just :roll:
 
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cpwill said:
In 8 of the 12 years the Republicans controlled the spending, the deficit went down the following year and the 4 years it went up were all in the years immediately after the 9-11 attack. Despite the huge blow to the economy and the expenses of fighting two wars, deficit spending peaked in 2004 and was declining sharply until the Democrats regained control of the House in 2007.

Meanwhile, in 18 of the 24 years the Democrats controlled the federal purse strings, the deficit rose the following year....
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Wrong. In 2009, the budget was a republican one that was passed in 2008. And 2010 included TARP spending, passed with republican votes in Congress and signed by a republican president.
 
cpwill said:
:) so you are saying yes, it is Obama's fault that our deficit is the size it is, and that we haven't had a budget two years running?
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No, you are sayin yes, it is the republicans fault that our deficit is the size it is, and that we haven't had a budget two years running?

See what I just did?
 
Private Hudson said:
Lol, thats the end of your beloved Reaganomics! :mrgreen:

Tax cuts, deregulation of the financial market since the 80s.[/IMG]
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The nation's chronic trade imbalance is explained by two major factors:

1. Relative competitiveness disparities (a complex issue that is not wholly a matter of public policy, though public policy has an impact), namely in some sectors the U.S. is not the world's most competitive country.
2. Dependency on petroleum imports (the continuing absence of a credible energy policy has contributed greatly). In the January-May 2011 timeframe, the trade gap in petroleum products accounted for 45% of the nation's overall trade gap.
 
sangha said:
No, you are sayin yes, it is the republicans fault that our deficit is the size it is, and that we haven't had a budget two years running?

See what I just did?
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stupidly attempted to put the one group of people who didn't even have the ability to effect what passed in responsibility?
 
sangha said:
using a chart about control of the House to make a point about the president
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you don't know about congress' role in writing and passing BUDGETS?

LOL!
 
donsutherland1 said:
The nation's chronic trade imbalance is explained by two major factors:

1. Relative competitiveness disparities (a complex issue that is not wholly a matter of public policy, though public policy has an impact), namely in some sectors the U.S. is not the world's most competitive country.
2. Dependency on petroleum imports (the continuing absence of a credible energy policy has contributed greatly). In the January-May 2011 timeframe, the trade gap in petroleum products accounted for 45% of the nation's overall trade gap.
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Thats right. But the US is not the only country who must import primary energy. Almost every developed country, like germany, japan or britain must import oil, uranium, gas...

But the US energy consumption is extremely high!

us_primary_energy_imports_exports.jpg


Another aspect is china. The trade deficit is huge and it is growing! It is not just a problem with china, it is a problem of a steadily growing productivity and the distribution of wealth.

slide_19000_261396_large.jpg
 
sangha said:
I know that the president isn't responsible for what the House does
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well, there ya go

chart.jpg


you like charts

and look, this one doesn't STOP at two thousand eight

LOL!

and it actually came with a LINK!
 
The Prof said:
well, there ya go

chart.jpg


you like charts

and look, this one doesn't STOP at two thousand eight

LOL!

and it actually came with a LINK!
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Even with the increased deficit spending in the last two years (and FY 2009 was passed and signed by republicans) the GOP is still responsible for the large majority of our national debt
 
claims made hollower and hollower

party on, pals
 
Thunder said:
in fact, any American citizen who moves his factory to another country, thereby putting hundreds if not thousands of people out of work in the USA, should have their American citizenship REVOKED.
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Really??? That's an astounding opinion.
 
Obama's refusal to listen is exactly why he's going to lose in 2012.
 
vote obama, 2012!

lower top tax rates coincide with weaker growth!

think progress!

LOL!

seeya at the polls, pals
 
USATODAY.com - Bush seeks to increase minority homeownership
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.,,

...FHA loans carry higher risks of delinquency and foreclosure than do private mortgages, and the proposed change presumably will lead to greater losses to the government than the current program does.
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