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now lets see what reality has to say about the Obama spending...
CBO said Obama only added 10% to the deficit everything else is from Bush and the recession...
The U.S. budget situation has deteriorated significantly since 2001, when the Congressional Budget Office (CBO) forecast average annual surpluses of approximately $850 billion from 2009-2012. The average deficit forecast in each of those years is now approximately $1,215 billion.
Recessions or the business cycle (37%);
Policies enacted by President Bush (33%);
Policies enacted by President Bush and supported or extended by President Obama (20%); and
New policies from President Obama (10%).
http://upload.wikimedia.org/wikipedia/en/thumb/a/a5/CBO_Forecast_Changes_for_2009-2012.png/800px-CBO_Forecast_Changes_for_2009-2012.png (broken link)
now lets see what reality has to say about the Obama spending...
CBO said Obama only added 10% to the deficit everything else is from Bush and the recession...
The roughly 800 billion "stimulus" was a Democrat concoction and was neither stimulus nor wise. It was chock full of pork, social spending, and waste. On top of all that, it has had very little if any effect to date. It was all Obama and the Dems in Congress. You can't run and hide from it.
now lets see what reality has to say about the Obama spending...
CBO said Obama only added 10% to the deficit everything else is from Bush and the recession...
The U.S. budget situation has deteriorated significantly since 2001, when the Congressional Budget Office (CBO) forecast average annual surpluses of approximately $850 billion from 2009-2012. The average deficit forecast in each of those years is now approximately $1,215 billion.
Recessions or the business cycle (37%);
Policies enacted by President Bush (33%);
Policies enacted by President Bush and supported or extended by President Obama (20%); and
New policies from President Obama (10%).
The roughly 800 billion "stimulus" was a Democrat concoction and was neither stimulus nor wise. It was chock full of pork, social spending, and waste. On top of all that, it has had very little if any effect to date. It was all Obama and the Dems in Congress. You can't run and hide from it.
Once again reality disagrees with you. Only a small % of the stimulus has been rolled out, once the entire thing is in action Obama will look like a genius and a easy win in 2012 over Team Mitt/Sarah...lol what a team
ohh and 33% of that 800 billion is tax cuts, you know tax cuts = aka solution to everything for the GOP....
Once again reality disagrees with you. Only a small % of the stimulus has been rolled out, once the entire thing is in action Obama will look like a genius and a easy win in 2012 over Team Mitt/Sarah...lol what a team
ohh and 33% of that 800 billion is tax cuts, you know tax cuts = aka solution to everything for the GOP....
What did I say that wasn't true or doesn't comport with "reality?" The so-called "stimulus" has had little to no effect, contrary to Obama's promises and statements. The fact that only a small % has been rolled out is EXACTLY the point. As for the tax cuts, they were targeted at the wrong groups and wrong taxes and will have a very small impact. Bush tried the "rebate" thing and got very little in return. $20/wk to people who will save it or use it to reduce debt isn't going to have the desired impacts. The sales tax break for car purchases and the home buyer credits are something, but even the home buyer credit had silly strings that limited to it to first time buyers and to a certain home price.
Reducing taxes on small business, stopping the payroll tax for a year, or capital gains reductions might have had a direct impact on employment.
ohhh yeah tax cut to the rich...how did that work for the past 8 years.....
You seem to be ignorant of how an economy and a stimulus to that economy works because you're blinded by class warfare and silly catch phrases like "the rich". Ooohh...the rich. Don't let those rich get away with something....oooohhh.
Who do you think hires people and drives the economy? Business and specifically small business. Many taxpayers in the higher brackets are small business owners. When you reduce their tax burden they can afford to hire people or invest in capital equipment. When you cut taxes on investments, you get that money back into the economy.
You seem to be ignorant of how an economy and a stimulus to that economy works because you're blinded by class warfare and silly catch phrases like "the rich". Ooohh...the rich. Don't let those rich get away with something....oooohhh.
Who do you think hires people and drives the economy? Business and specifically small business. Many taxpayers in the higher brackets are small business owners. When you reduce their tax burden they can afford to hire people or invest in capital equipment. When you cut taxes on investments, you get that money back into the economy.
supply side economics? are you serious??
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