Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Freshman rep from SC tells Obama's budget director their proposed budget is not credible.
Mulvaney says “two years ago he told us the deficit this year would only be $900 billion dollars in his budget. Last year he told us the deficit this year would be $1.3 trillion dollars. Yesterday he told us it was $1.6 [trillion]. Two years ago he told us that the projected that the budget deficit next year would be $557 [billion]. Last year he told us that number would be $829 [billion]. Now he is telling us the number is going to be $1.1 [trillion].” Mulvaney concluded that “we can’t believe the numbers.” In other words, fool me once — shame on you. Fool me twice — and our national debt doubles in ten years.
He also goes on to point out that Obama is basing his budget numbers on unrealistic numbers. Revenues of 19% are assumed and the historical numbers show that revenue projection has only been seen a few times in the last 40 years. 19% is not average.
Rates of growth assumed in Obama's budget dramatically exceed even what the CBO is assuming.
The budget also assumes interest rates dramatically lower than the CBO.
Location: By the sea, by the sea, by the beautiful sea
68,353 posts, read 54,549,829 times
Reputation: 40820
Quote:
Originally Posted by sanrene
Just more "gimmicks" and deceit from this administration. They did the same with obamacare.
Good job of the Rep pulling back the curtain of lies.
When's the curtain being pulled back on the right's gimmicks like Boehner talking big about cutting spending while supporting costly programs the Pentagon doesn't want?
Freshman rep from SC tells Obama's budget director their proposed budget is not credible.
Mulvaney says “two years ago he told us the deficit this year would only be $900 billion dollars in his budget. Last year he told us the deficit this year would be $1.3 trillion dollars. Yesterday he told us it was $1.6 [trillion]. Two years ago he told us that the projected that the budget deficit next year would be $557 [billion]. Last year he told us that number would be $829 [billion]. Now he is telling us the number is going to be $1.1 [trillion].” Mulvaney concluded that “we can’t believe the numbers.” In other words, fool me once — shame on you. Fool me twice — and our national debt doubles in ten years.
He also goes on to point out that Obama is basing his budget numbers on unrealistic numbers. Revenues of 19% are assumed and the historical numbers show that revenue projection has only been seen a few times in the last 40 years. 19% is not average.
Rates of growth assumed in Obama's budget dramatically exceed even what the CBO is assuming.
The budget also assumes interest rates dramatically lower than the CBO.
Obama has no clue. The only thing he has ever been is a "community organizer". He has never been employed in a business, nor has he ever run a business. He doesn't know anything about economics; that is painfully clear. Nor, it seems, do his advisors.
I have been impressed with the agressiveness I have seen so far among the new freshmen, and the new Republican Congress in general. But they must not be afraid to go on the offense, to defund completely, within the Continuing Resolution, the whole of Obamacare. After all, the bill has been vacated. It is null and void. There is no "health care law" to fund. The Democrats are bent on ignoring the law (the ruling). There has been no appeal filed, nor a requset for a stay.
When's the curtain being pulled back on the right's gimmicks like Boehner talking big about cutting spending while supporting costly programs the Pentagon doesn't want?
Care to provide some support for your claim? Links to articles? Or is this something you just made up? And don't give us any Media Matters B.S. They don't count as a credible source.
From the Repubs, we just want to see them continue to do nothing. Then they can be removed in 2012, when we will again have a Congress that will address our problems.
Obama has no clue. The only thing he has ever been is a "community organizer". He has never been employed in a business, nor has he ever run a business. He doesn't know anything about economics; that is painfully clear. Nor, it seems, do his advisors.
I have been impressed with the agressiveness I have seen so far among the new freshmen, and the new Republican Congress in general. But they must not be afraid to go on the offense, to defund completely, within the Continuing Resolution, the whole of Obamacare. After all, the bill has been vacated. It is null and void. There is no "health care law" to fund. The Democrats are bent on ignoring the law (the ruling). There has been no appeal filed, nor a requset for a stay.
It is really sad that this idiot was elected POTUS. He was never qualified to run this country and the point has been proven time and time again.
I am not even sure he should be given credit as a successful community organizer given the fact that his big achievements in that capacity were while working for acorn which is full of corruption.
He is inept and surrounds himself with inept and corrupt individuals.
I am also impressed with the new freshman Republican Congress and hope they continue to stand strong. They have a huge fight on their hands with Obamacare and the Dems are going to fight in the typical vile, unethical, way they always do. Their actions regarding the lastest ruling shows their true colors.
Freshman rep from SC tells Obama's budget director their proposed budget is not credible.
Mulvaney says “two years ago he told us the deficit this year would only be $900 billion dollars in his budget. Last year he told us the deficit this year would be $1.3 trillion dollars. Yesterday he told us it was $1.6 [trillion]. Two years ago he told us that the projected that the budget deficit next year would be $557 [billion]. Last year he told us that number would be $829 [billion]. Now he is telling us the number is going to be $1.1 [trillion].” Mulvaney concluded that “we can’t believe the numbers.” In other words, fool me once — shame on you. Fool me twice — and our national debt doubles in ten years.
He also goes on to point out that Obama is basing his budget numbers on unrealistic numbers. Revenues of 19% are assumed and the historical numbers show that revenue projection has only been seen a few times in the last 40 years. 19% is not average.
Rates of growth assumed in Obama's budget dramatically exceed even what the CBO is assuming.
The budget also assumes interest rates dramatically lower than the CBO.
President Obama has a lot more of a clue than some from South Carolina.
Last edited by CaseyB; 02-16-2011 at 08:29 AM..
Reason: language
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
