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Old 06-03-2009, 03:39 PM
 
Location: Irvine, CA to Keller, TX
4,831 posts, read 4,227,716 times
Reputation: 834

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If I am not mistaken it has grown even more too.

Obama’s Deficit Projections Off by $2.3 Trillion, Congressional Budget Office Says

(CNSNews.com) – The nonpartisan Congressional Budget Office (CBO) says that President Obama’s budget and deficit projections are too low. The president’s budget will incur $9.3 trillion in federal deficits between 2010 and 2019 --$2.3 trillion higher than Obama had originally claimed.
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Old 06-03-2009, 03:41 PM
 
8,744 posts, read 6,758,584 times
Reputation: 3338
PLEASE tell me you all were whining and crying when Bush was spending all this money.
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Old 06-03-2009, 03:42 PM
 
5,168 posts, read 3,513,688 times
Reputation: 1050
Quote:
Originally Posted by Theliberalvoice View Post
PLEASE tell me you all were whining and crying when Bush was spending all this money.
Please tell me you were decimating Bush's spending but now Love Obama's.
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Old 06-03-2009, 03:43 PM
 
7,903 posts, read 5,289,870 times
Reputation: 1640
Debt to GDP was about 120% after WWII, and it took 15 years to pay it down to pre-war levels. So, if a generation is 20 years, and we sustain a 120% debt to GDP ratio (it's now about 80%), it will take 3/4 of a generation.
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Old 06-03-2009, 03:45 PM
 
Location: I currently exist only in a state of mind. one too complex for geographic location.
4,175 posts, read 3,547,566 times
Reputation: 650
Quote:
Originally Posted by Theliberalvoice View Post
PLEASE tell me you all were whining and crying when Bush was spending all this money.
why when someone asks a question about obama do people right away bring up bush. bush isn't the president, and most people didn't agree with the way he spent. bush was a fiscal liberal, but obama is a fiscal psychopath.
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Old 06-03-2009, 03:46 PM
 
519 posts, read 400,342 times
Reputation: 153
Quote:
Originally Posted by Theliberalvoice View Post
PLEASE tell me you all were whining and crying when Bush was spending all this money.
Have you not yet learned that this argument is beyond tired? Bush's spending pales in comparison to projected spending under Obama. Why is this so hard to understand?
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Old 06-03-2009, 04:05 PM
 
Location: Sinking in the Great Salt Lake
11,297 posts, read 9,922,541 times
Reputation: 10342
The debt is growing exponentially and will continue to do so until it collapses on itself. It isn't permanently reversable
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Old 06-03-2009, 04:10 PM
 
8,744 posts, read 6,758,584 times
Reputation: 3338
Quote:
Originally Posted by cleanhouse View Post
Please tell me you were decimating Bush's spending but now Love Obama's.
Never said I love Obamas. If you can please point out where I said that, I would be grateful.

Quote:
Originally Posted by thefinalsay View Post
why when someone asks a question about obama do people right away bring up bush. bush isn't the president, and most people didn't agree with the way he spent. bush was a fiscal liberal, but obama is a fiscal psychopath.
So if Bush did it, he was just a liberal. If Obama does it, it is somehow different?

Now I am not defending Obama here. I do not agree with his spending BUT I just find it sooooo funny how when Bush was spending all this money, conservatives are silent. Now when a Democrat is in office, different story. Now there are tea parties and other stupidity going around.
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Old 06-03-2009, 06:14 PM
 
2,659 posts, read 1,686,972 times
Reputation: 365
Quote:
Originally Posted by Johnny B. Fury View Post
Have you not yet learned that this argument is beyond tired? Bush's spending pales in comparison to projected spending under Obama. Why is this so hard to understand?
If you budget screamers would ever actually LOOK AT THE PROPOSED BUDGET we wouldn't have to keep correcting you all the time.

Roughly 80% of the increase in the deficit has nothing to do with Obama.

This comes DIRECTLY FROM THE PROPOSED BUDGET
It'd be nice if this information FINALLY SUNK IN TO YOUR THICK SKULLS.

Lower receipts - 300 Billion
TARP - 500 Billion
Transparency - 400 Billion
Stimulus - 200 Billion
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Old 06-05-2009, 11:45 AM
 
Location: Phoenix, AZ
4,784 posts, read 4,335,163 times
Reputation: 1599
Lets put it this way: The USS Enterprise, seen here:



Will be built with bailout money in 2245
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