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Either way you slice, Obama's plan was more aggressive than the Republican Plan. However, Republicans are allergic to tax increases.
More agressive than what exactly?
Cut Cap and Balance was FAR more aggressive because it didn't let the morons in Washington off the hook. They could have their debt increase that the Dems were begging and pleading for -- but the US government would have to send a Constitutional Amendment to the states ... an Amendment that would force Dems and GOP alike to stop spending money they don't have. And CCB had far less accountant double-talk.
Most of the other proposed bills effectively said, "I was planning on running up $800 of credit card debt next week ... but tell you what. I'll only put $700 on the plastic next week. Gotta tighten our belts and live within our means, right?"
Anything short of support for a Balanced Budget Amendment is just a shop-a-holic conning us into believing that they're going resist their impulsive spending urges. It's like an alcoholic promising that they'll cut down on their drinking if you'll just give them back the key to the liquor cabinet. It's a load of crap and we all know it.
If you are interested in Obama's four trillion dollar debt plan that he wanted, then google it. Its not hard, but perhaps you are just lazy.
Kick Start, I think what the other poster is saying is that you don't know jack squat about what Obama proposed. You brought it up, so why don't you go get the specifics of Obama's $4 trillion spending cuts for us?
I'm sure that the GOP might have gone along with Obama's plan had it contained a Balanced Budget Amendment. It didn't though. And if I recall, Obama's plan required increases in taxes. The T.E.A. Party's impact on this last election is too great. They are the movement of "Taxed Enough Already" and accepting any increases in taxes would be seen as a betrayal by the people that handed the GOP control of the House.
1) A POST-DUBYA economy.
2) A historically high level of GOP obstructionism.
3) A racist political movement (tea party) controlling the House when the President is a black man.
A Bush/GOP-wrecked economy cannot be fixed with just spending cuts and your outrage falls flat when it's noted that you and your ilk where SILENT about the budget when Bush was ruining it. This means that you're not really concerned about the budget, BUT ONLY ABOUT GETTING THIS PRESIDENT OUT OF OFFICE.
President Obama is absolutely in the right here and now all we need is for the GOP to get the hell out of the way, so this great President can resuscitate the country from Bush/GOP damage.
Voting Pubs out of office and out of Congress is the first priority.
We've also dealt with a post-Hoover economy and a post-Carter economy.
In the case of the post-Hoover economy, taxes were raised, prices and wages controlled, import tariffs were imposed and government deficit spending was used as an aid to economic expansion. Seven years into the New Deal programs, unemployment was still in the double digits and didn't decline to pre-depression levels until after the military draft was reinstated on September 16, 1940.
In the case of the post-Carter economy, taxes were cut to facilitate an increase in fed funds rate relative to inflation. The tax cuts kept the economy out of free fall as higher interest rates reduced economic activity. Over a matter of months, the value of the US dollar was restored from its then all-time low and even hit its all time record high in May of 1984. Unemployemnt during the same period declined 3.6%, inflation fell ten points, the misery index was reduced from 22% under Carter to 12%, the inflation adjusted price of a gallon of gas fell to $2.60 from the all time high of $4.10 in 1980, GDP increased by 9.3% and 6.5 million private sector jobs were created.
If you are interested in Obama's four trillion dollar debt plan that he wanted, then google it. Its not hard, but perhaps you are just lazy.
Why would any leader propose cutting $400 billion from a $1.4 trillion dollar deficit as a plan?
S&P and the IMF specifically stated in no uncertain terms that $400 billion a year would help but that to get back on a fiscally responsible path he would need to cut "7.5% of GDP."
Thats not a link to the plan. Why cant you link to it?
There was never any actual "plan". It was just him saying he had a plan.
And $400 billion per year in future spending is NO PLAN to cut the $1.6 trillion deficit we are currently running.
But people only heard "$4 trillion cut" and stopped there.
Obama: "You know what? Here's my suspicion. 100% of people want Congress to act responsibly. 100% of the people want us to make sensible choices. We don't need to amend our Constitution to do that."
Apparently we DO since congress and the POTUS fail to act responsibly at every turn. Was Obama's budget proposal that didn't garner a single vote, responsible? Obama is so out of touch he may as well be in another galaxy.
Location: In a Galaxy far, far away called Germany
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If they don't want a Balanced Budget Amendment - they don't get my vote. Politicians are drug addicts hooked on our money, and just like any other addict, they don't want their drug supply limited. Lord forbid they should have to have a budget so they can't throw money at people to buy their votes.
Apparently we DO since congress and the POTUS fail to act responsibly at every turn. Was Obama's budget proposal that didn't garner a single vote, responsible? Obama is so out of touch he may as well be in another galaxy.
Precisely! And here is a breakdown of how extreme his hypocrisy truly is:
Obama's budget proposal for 2009: $1.7 trillion in deficit spending.
Obama's budget proposal for 2010: $1.2 trillion in deficit spending.
Obama's budget proposal for 2011: $1.43 trillion in deficit spending.
By averaging $1.5 trillion in deficit spending every year of his administration thusfar, Obama is on pace to be responsible for $12 trillion of the US National Debt. Blows George W completely out of the water!
President Obama has never proposed a balance budget since the day he took office. This is why I'm just so blown away that he would have the audacity to preach the gospel of spending responsibly. He's in no position to lecture anyone on this matter.
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