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Old 01-21-2013, 07:53 AM   Topic Starter
Direckshun Direckshun is offline
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Obama's First Term: 2.4T in deficit reduction



Considering that cutting the deficit retards growth, and Obama inherited the Great Recession, this is pretty astonishing we've had this much deficit reduction without tanking growth. It does help explain, however, why growth has been steady but sluggish.

The CBPP says we need an additional 1.4T in deficit reduction, and that's it: our long term debt would be stabilized under our current economy. Which means, of course, if we could get the economy growing at a 3%+ clip again, the long term deficit is put on a downward spiral.
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Old 01-21-2013, 08:30 AM   #2
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wrong
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Old 01-21-2013, 08:38 AM   #3
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Rofl....

Just rofl.....

You lefties will do anything eh?
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Old 01-21-2013, 08:51 AM   #4
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wrong
how so?
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Old 01-21-2013, 09:05 AM   #5
Garcia Bronco Garcia Bronco is offline
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Lol..no...the deficit has not gone down. Not even a little bit. The amusing part about the graph is it's based on projections of where we'd be. It'a beyond intellectually dishonest and truly an example of someone living in the bubble.
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Old 01-21-2013, 09:06 AM   #6
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Old 01-21-2013, 09:23 AM   #7
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Hey, you've got admire the chutzpah of the Left. If you're going to tell a lie, make it a big one.

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Old 01-21-2013, 02:07 PM   #8
Direckshun Direckshun is offline
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Quote:
Originally Posted by Garcia Bronco View Post
Lol..no...the deficit has not gone down. Not even a little bit. The amusing part about the graph is it's based on projections of where we'd be.
Where we'd be under current policy, if these measures had not been enacted.
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Old 01-21-2013, 09:28 AM   #9
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I think some of you may be having trouble using government numbers and accounting practices because, they don’t exist in the real world for anyone else.

In the Federal Government's world if we spend 1 trillion dollars more than the revenue available in 2011 and then spend 500 billion dollars more than you have in 2012 you have cut the deficit in half. Also when you borrow ½ trillion or so from social security that really doesn’t count either because if and when they pay that back is kinda gray. Likewise If you take an estimated spending increase of $100 billion and only increase it by $95 billion you have cut spending by 5 billion. Have I missed anything important?

To be fair this is not anything new and is why some argued there really wasn't a surpluss under Clinton. Regardless of whichever accounting practices one would chose to use, it is palin to see our speanding is much worse now than it was then.
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Old 01-21-2013, 09:57 AM   #10
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Old 01-21-2013, 10:13 AM   #11
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It's like I weigh 240 lbs. 4 years later I weigh 300. But wait, I projected myself to weigh 350 by that date so I didn't really gain 60 lbs I lost 50 lbs.
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Old 01-21-2013, 10:18 AM   #12
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Direckshun....seriously, the spin of this is laughable. Reductions in projected increases in spending may be a case of "it isn't as bad as we thought!"....however, it's sure as hell not good news.

When we start PAYING DOWN the debt, then you'd have cause to celebrate. Until then, not so much.
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Old 01-21-2013, 02:09 PM   #13
Direckshun Direckshun is offline
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Quote:
Originally Posted by Mr. Kotter View Post
Direckshun....seriously, the spin of this is laughable. Reductions in projected increases in spending may be a case of "it isn't as bad as we thought!"....however, it's sure as hell not good news.

When we start PAYING DOWN the debt, then you'd have cause to celebrate. Until then, not so much.
I don't see how any of this is spin.

You call it spin, but dispute none of it, and just claim it's not enough.
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Old 01-21-2013, 02:18 PM   #14
Comrade Crapski Comrade Crapski is offline
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I don't see how any of this is spin.
Of course you don't. You're a mouthfoaming drone.
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Old 01-21-2013, 03:33 PM   #15
Brainiac Brainiac is online now
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Quote:
Originally Posted by Direckshun View Post
I don't see how any of this is spin.

You call it spin, but dispute none of it, and just claim it's not enough.
It's not spin. It's an outrageous lie.

Is the deficit 2.4 trillion dollars less than when Obama took office? Yes or no?
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