• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

United States loses its AAA Credit rating from S & P

Status
Not open for further replies.
Liberal tag line, the year is 2025, the US is now Greece after demo destruction of the nation, and what will liberals in this country blame it on?


GEORGE W. BUSH!!!!

What a joke.


j-mac
 
Conservative said:
The budget that Bush submitted didn't have a 1.2 trillion dollar deficit. Now if you want to continue to talk about Bush then carry on but all that does is divert from the disaster that Obama is. Bush is out of office and my bet is you will still be blaming him 10 years from now. Bush didn't authorize the troop surge in Afghanistan
Click to expand...

Read the fact check:

As we have written twice before, the nonpartisan Congressional Budget Office projected the fiscal year 2009 deficit at $1.2 trillion two weeks before Obama took office. That fiscal year started Oct. 1, 2008. Thefiscal year was already nearly one-third over when Obama took office on Jan. 20, 2009. After Obama took office, the deficit increased to $1.4 trillion for fiscal year 2009. At the end of the fiscal year, the CBO largely blamed the 2009 deficit on the recession, specifically a sharp decline in tax revenues and an increase in spending in response to the economic crisis — first by Bush and later by Obama.

http://www.factcheck.org/2011/06/romney-wrong-on-deficits-auto-bailout/
 
Boo Radley said:
Read the fact check:

As we have written twice before, the nonpartisan Congressional Budget Office projected the fiscal year 2009 deficit at $1.2 trillion two weeks before Obama took office. That fiscal year started Oct. 1, 2008. Thefiscal year was already nearly one-third over when Obama took office on Jan. 20, 2009. After Obama took office, the deficit increased to $1.4 trillion for fiscal year 2009. At the end of the fiscal year, the CBO largely blamed the 2009 deficit on the recession, specifically a sharp decline in tax revenues and an increase in spending in response to the economic crisis — first by Bush and later by Obama.

Romney Wrong on Deficits, Auto Bailout | FactCheck.org
Click to expand...

Look I understand that you don't want to answer the question but posting the same information from the CBO over and over again doesn't change the fact that you have ignored the questions. The CBO projected a 1.2 trillion dollar deficit due to "increase in spending in response to the economic crisis" which means what to you? Please explain to me what part of that included the Obama stimulus, included the Obama bailout of GM/Chrysler, the Afghanistan surge ordered by Obama?
 
j-mac said:
Liberal tag line, the year is 2025, the US is now Greece after demo destruction of the nation, and what will liberals in this country blame it on?


GEORGE W. BUSH!!!!

What a joke.


j-mac
Click to expand...

Nice to see you here, j-mac
 
j-mac said:
Liberal tag line, the year is 2025, the US is now Greece after demo destruction of the nation, and what will liberals in this country blame it on?


GEORGE W. BUSH!!!!

What a joke.


j-mac
Click to expand...

There's that fabled personally responsibility at work again. First it was Clinton's fault, and now Bush's actions are all Obama's fault. Repubican personal responsibility at work?
 
Conservative said:
Look I understand that you don't want to answer the question but posting the same information from the CBO over and over again doesn't change the fact that you have ignored the questions. The CBO projected a 1.2 trillion dollar deficit due to "increase in spending in response to the economic crisis" which means what to you? Please explain to me what part of that included the Obama stimulus, included the Obama bailout of GM/Chrysler, the Afghanistan surge ordered by Obama?
Click to expand...

It means exactly what it says, but that is not the issue. Obama's contibution is the difference between 1.2 and 1.4 trillion. That is realitively quite small. To blame Obama and ignore Bush's contribution is illogical and quite partisan.
 
Boo Radley said:
It means exactly what it says, but that is not the issue. Obama's contibution is the difference between 1.2 and 1.4 trillion. That is realitively quite small. To blame Obama and ignore Bush's contribution is illogical and quite partisan.
Click to expand...

No, think it is more than that, what did Obama do with the repayment of TARP, the Afghanistan supplemental, the Stimulus money. Why do you blame Bush for those items?
 
Boo Radley said:
It means exactly what it says, but that is not the issue. Obama's contibution is the difference between 1.2 and 1.4 trillion. That is realitively quite small. To blame Obama and ignore Bush's contribution is illogical and quite partisan.
Click to expand...

When exactly did the CBO make that prediction on the budget deficit for fiscal year 2009? Better think before answering
 
Boo Radley said:
There's that fabled personally responsibility at work again. First it was Clinton's fault, and now Bush's actions are all Obama's fault. Repubican personal responsibility at work?
Click to expand...

Wow, big surprise...Blame your opponent for your own miserable actions...Textbook projection...Alinsky would be proud.

j-mac
 
j-mac said:
Wow, big surprise...Blame your opponent for your own miserable actions...Textbook projection...Alinsky would be proud.

j-mac
Click to expand...

Yes, and you should stop.

;)

Until you stop, you really can't make this claim of anyone else. Both hold some responsibility for our present situation. The thing is you guys spent most his term blaming Clinton, and now blaming Obama for Bush's actions. The fact check is listed above. Obama is responsible for what he has done, as is Bush responsible for his actions. You're no better than those who blamed Bush for the economy less than a month after he was elected.
 
Conservative said:
When exactly did the CBO make that prediction on the budget deficit for fiscal year 2009? Better think before answering
Click to expand...

According to the link, two weeks before Obama was elected. So, what's your point?
 
Conservative said:
No, think it is more than that, what did Obama do with the repayment of TARP, the Afghanistan supplemental, the Stimulus money. Why do you blame Bush for those items?
Click to expand...

I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.
 
Boo Radley said:
I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.
Click to expand...

Where exactly is the democrat budget? To my knowledge they haven't produced one for over 830 days.....Is that how you do your household budget?


j-mac
 
Boo Radley said:
According to the link, two weeks before Obama was elected. So, what's your point?
Click to expand...

My point was that CBO had no idea what the cost of the stimulus would be, how much of the TARP would be repaid, how much the GM/Chrysler takeover would be, or what supplementals Obama would have. You want to charge Obama with 200 billion of the 2009 deficit? How generous of you and how wrong. Why would Bush be charged for the full TARP spending when he didn't spend it all and then received no credit for the payback? Think, Boo, I know you can do it
 
Boo Radley said:
I don't blame Bush for anything Obama did. I only blame him for his actions. The issue here is the 2009 budget, which you were mistaken about.
Click to expand...

If you bothered to check the actual 2009 budget you wouldn't see a trillion dollar deficit, nor would you see TARP, the stimulus, or any supplementals.
 
Conservative said:
If you bothered to check the actual 2009 budget you wouldn't see a trillion dollar deficit, nor would you see TARP, the stimulus, or any supplementals.
Click to expand...

Link anything you like and we'll look at it, however, until then:
At the time Hensarling made his claim, CBO was projecting that the deficit for the year would be lower — about $1.3 trillion. Later, on Feb. 1, Obama unveiled a new budget that would push the current year’s deficit to a record $1.55 trillion, by his administration’s estimates. But Hensarling’s claim is untrue even comparing that higher figure to any of the eight fiscal years for which Bush signed the tax and spending bills. The new deficit figure comes out to an average of just under $130 billion per month. Bush’s lowest annual deficit was just under $158 billion in fiscal 2002. It reached nearly $459 billion in the fiscal year ending Sept. 30, 2008, and, as we mentioned, was on track to reach $1.2 trillion by the time Obama took office.

So how could Hensarling possibly justify his claim? By claiming credit for budget surpluses that occurred under a Democratic president and avoiding responsibility for the biggest deficits run up under Bush, that’s how.


A Texas-size Whopper | FactCheck.org
 
Conservative said:
My point was that CBO had no idea what the cost of the stimulus would be, how much of the TARP would be repaid, how much the GM/Chrysler takeover would be, or what supplementals Obama would have. You want to charge Obama with 200 billion of the 2009 deficit? How generous of you and how wrong. Why would Bush be charged for the full TARP spending when he didn't spend it all and then received no credit for the payback? Think, Boo, I know you can do it
Click to expand...

Again, care to link anything you care to link, and we'll look at it. But so far, the facts do not support you.
 
Boo loves to use factcheck.org. But those of us on the conservative side of the isle have known for some time now the bias that lingers in that organization. As far back as 2008 when the bias was exposed....

The ANNENBERG Public Policy Center at the University of Pennsylvania is the organization behind the FactCheck.org website that is being consulted OFTEN by voters and media personalities alike to help them form opinions on the “truthfulness” of the claims being made by the McCain and Obama political ads as well as statements made on the Campaign Trail and in Presidential and Vice Presidential debates.

Kathleen Hall Jamieson, Ph.D. is the Director of the ANNENBERG Public Policy Center at the University of Pennsylvania which is the organization BEHIND the FactCheck.org “truthfulness” website.

Dr. Jamieson's newest book entitled “Echo Chamber: Rush Limbaugh and the Conservative Media Establishment” is a MAJOR HIT PIECE against the Conservative voices in the media on television, radio, and in print. View the book’s Table of Contents: Echo Chamber: Rush Limbaugh and the Conservative Media Establishment
Click to expand...

Why we as conservatives argue points made in such a disingenuous manner as to point to this biased crap as objective is beyond me.

j-mac
 
Conservative said:
Bush's Budget Projects Deficits
Click to expand...

Your link:

Lawmakers said they are unlikely to go along with much of the president's final-year agenda, and Bush's plan omits several costly features, including tens of billions of dollars of the cost of the wars in Iraq and Afghanistan, that could drive the deficit even higher than the president's estimates. That would effectively delay until 2009 decisions on how to cope with short- and long-term financial problems, lawmakers and others said.

and

"A whole bunch of things they were putting off and hiding under the rug all these years are starting to pop back up," said Austan Goolsbee, an economist at the University of Chicago and chief economic adviser to Sen. Barack Obama (D-Ill.). "It's clear they're trying to shove as much of this as possible on to the next guy."

So this isn't even the actual budget we're discussing. This is his first proposal.

However, You seem to rate Bush's view of his budget over the CBO's, So I wonder why?

Dispute this:

On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion.

And

The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed.

PolitiFact | Obama inherited deficits from Bush administration

The point is, the project was different than the Bush claim.
 
j-mac said:
Boo loves to use factcheck.org. But those of us on the conservative side of the isle have known for some time now the bias that lingers in that organization. As far back as 2008 when the bias was exposed....



Why we as conservatives argue points made in such a disingenuous manner as to point to this biased crap as objective is beyond me.

j-mac
Click to expand...

This what I mean J, you think facts have a liberal bias. they don't of course, but this is again you seeking to avoid addressing the facts. it has been a common tactic for far too many for far too long.
 
Status
Not open for further replies.
Back
Top Bottom