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United States loses its AAA Credit rating from S & P

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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.

What? You mean the Bush budget wouldn't be accepted by the Democrat controlled Congress? How can that be? What exactly did the Democrat Controlled Congress accept? You want badly to buy the CBO numbers when as pointed out CBO didn't know what the stimulus would cost, didn't know how much of the 350 billion TARP money left to Obama would be spent by Obama, or what supplementals Obama would ask for. Amazing how Bush in 3 plus months generated a 1.2 trillion dollar deficit and how hard Obama tried not to spend that money. Keep spinning and ignoring reality. When you get off 2009 please let me know how Bush created the 2010-2011 budget deficits which total about 3 trillion
 
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.

Probably because it is not facts that these people are pushing as much as a narrative.

j-mac
 
What? You mean the Bush budget wouldn't be accepted by the Democrat controlled Congress? How can that be? What exactly did the Democrat Controlled Congress accept? You want badly to buy the CBO numbers when as pointed out CBO didn't know what the stimulus would cost, didn't know how much of the 350 billion TARP money left to Obama would be spent by Obama, or what supplementals Obama would ask for. Amazing how Bush in 3 plus months generated a 1.2 trillion dollar deficit and how hard Obama tried not to spend that money. Keep spinning and ignoring reality. When you get off 2009 please let me know how Bush created the 2010-2011 budget deficits which total about 3 trillion

Again:

WASHINGTON (AP) - The federal budget deficit will hit an unparalleled $1.2 trillion for the 2009 budget year, according to a Capitol Hill aide briefed on new Congressional Budget Office figures.

The aide says the CBO also sees a $703 billion deficit for 2010.

The dismal figures come a day after President-elect Barack Obama warned of "trillion-dollar deficits for years to come."

2009 budget deficit is estimated at $1.2 trillion

Before Obama took office. Before he did anything.
 
Probably because it is not facts that these people are pushing as much as a narrative.

j-mac

J, it's not a narrative, it is merely the facts. You guys are the ones providing narrative.
 
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.

So facts don't have any bias? Good,

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 40% JAR and well over 50% disapproval ratings.
 
J, it's not a narrative, it is merely the facts. You guys are the ones providing narrative.

You mean facts like these

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 40% JAR and well over 50% disapproval ratings.
 
You mean facts like these

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 40% JAR and well over 50% disapproval ratings.

Squirrel!!!

You still have to know what those numbers mean. Do we really want to change the subject and go over those yet again?
 
You mean facts like these

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 40% JAR and well over 50% disapproval ratings.

Yep, those are facts. And so are these:

And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
 
Squirrel!!!

You still have to know what those numbers mean. Do we really want to change the subject and go over those yet again?

I know exactly what those numbers mean, they are 2011 numbers that have nothing to do with GW Bush
 
Yep, those are facts. And so are these:

And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.

Yep, 2 1/2 years later unemployment is higher, employment is lower, labor force is lower, the debt is higher, and the credit rating reduced. Amazing how low the Obama JAR is based upon what you are posting. Guess they believe 2011 numbers more than 2008
 
I know exactly what those numbers mean, they are 2011 numbers that have nothing to do with GW Bush

Didn't say they did to start with. We're discussing 2009 at the moment. Focus, and address that issue.
 
Didn't say they did to start with. We're discussing 2009 at the moment. Focus, and address that issue.

Why are we discussing 2009 numbers on a thread about the U.S. Credit rating being downgraded?
 
Why are we discussing 2009 numbers on a thread about the U.S. Credit rating being downgraded?

Because of your claim. Go back and read your claim. That is what we're discussing.
 
I always thought it was awfully convenient that the housing bubble popped JUST as Obama was a shoe-in for pres.

Like someone waited til the last possible second for maximum blame for the new guy and maximum yield for the sponsors of the old guy.

Then, POP!
Since Fannie and Freddy, banks and mortgage companies were coerced by democrats into giving loans to people unable to repay then that would be quite the conspiracy theory. Imagine that. Democrat redistribution of wealth through bullying crashed just a the one term president was about to step up onto history's stage.
 
No, he bailed out the auto industry, and kept teachers, police officers and firefighters employed. You know, those evil, evil people we should do away with.
He used federal taxpayer dollars to keep his base, public sector union members and their thug bosses well paid. Bravo! Bravo! He lied. And you admit that he lied. But it is okay. The ends justify the means. Right comrade?
 
He used federal taxpayer dollars to keep his base, public sector union members and their thug bosses well paid. Bravo! Bravo! He lied. And you admit that he lied. But it is okay. The ends justify the means. Right comrade?

yes, teachers, police officers, and firefighters are thugs, as you say, and don't deserve to make a living. We should be done with all of them.

:roll:

Lied? About what? A politiican wasn't completely honest on all things? I'm shocked. But be specific, and focus. What the hell are you talking about?
 
yes, teachers, police officers, and firefighters are thugs, as you say, and don't deserve to make a living. We should be done with all of them.

:roll:

Lied? About what? A politiican wasn't completely honest on all things? I'm shocked. But be specific, and focus. What the hell are you talking about?

Since when are those Federal Responsibility?
 
Since when are those Federal Responsibility?

See above.

However, that's a different issue. Misterv calls them thugs, degrades them, something I find offensive. Are you with him on that?
 
See above.

However, that's a different issue. Misterv calls them thugs, degrades them, something I find offensive. Are you with him on that?

How about responding by telling us what your property taxes and other local taxes fund?
 
How about responding by telling us what your property taxes and other local taxes fund?

Is this another squirrel moment? What does this question have to do with anything?
 
Is this another squirrel moment? What does this question have to do with anything?

You don't pay any attention to another liberal's post. do you? FBI, DHS, etc. Those aren't funded by the states
 
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