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Old 10-12-2012, 07:20 PM
RNF RNF started this thread
 
141 posts, read 232,737 times
Reputation: 44

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Quote:
Originally Posted by Mircea View Post
Since your education was obviously sub-standard, here's a link you'll be interested in...
es·ti·mate/ˈestəˌmāt/

Roughly calculate or judge the value, number, quantity, or extent of.

https://www.google.com/search?q=cps+...&bpcl=35277026

Breaking...

Mircea
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Old 10-12-2012, 07:49 PM
 
27,154 posts, read 15,327,118 times
Reputation: 12075
Quote:
Originally Posted by RNF View Post
A good/alright start in as better than what he was doing before. You can't snap your fingers and make the deficit magically disappear.



Maybe avoiding it in the first place would have been a much better idea.
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Old 10-13-2012, 10:46 AM
 
1,692 posts, read 1,960,662 times
Reputation: 1190
Quote:
Originally Posted by steven_h View Post
EXACTLY RIGHT!

50% cut? He doubled it first, so to say $200B is a good start, a good start from what point?

I was for cutting the deficit after I was for doubling it?

Obama's fiscal prowess should be considered the eighth wonder of the world. Nobody will ever manage to do the political and social damage this cat has in just four short years.

sheez
He didn't double it. Bush left office with a deficit exceeding 1 trillion dollars.

Economic confidence is picking up, and last month the deficit came in WAY under expected. I don't have the article to back that up, but it's out there. I think that fiscal year 2013's deficit will probably drop another 2-300 billion. Again, a step in the right direction.
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Old 10-13-2012, 11:34 AM
 
Location: 77441
3,160 posts, read 4,368,093 times
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Quote:
Originally Posted by rbohm View Post
a cut of $200 billion in the deficit, not a bad start, but NOT the 50% cut that obama promised in 2008. so nice try, but no cigar.


oh come on


You cant hold him to that, afterall, that was a campaign promise.
he didnt really mean that, he only said that to get elected.
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Old 10-13-2012, 12:10 PM
 
33,387 posts, read 34,854,052 times
Reputation: 20030
Quote:
Originally Posted by db108108 View Post
He didn't double it. Bush left office with a deficit exceeding 1 trillion dollars.

Economic confidence is picking up, and last month the deficit came in WAY under expected. I don't have the article to back that up, but it's out there. I think that fiscal year 2013's deficit will probably drop another 2-300 billion. Again, a step in the right direction.
nice try, but again you fail. remember that obama ADDED $862 billion to the deficit with his stimulus package, and added ANOTHER $400 billion with the omnibus bill. those two spending bills alone are nearly $1.3 trillion.

Quote:
Originally Posted by Bily Lovec View Post
oh come on


You cant hold him to that, afterall, that was a campaign promise.
he didnt really mean that, he only said that to get elected.
he was rather emphatic with his promise, especially since he said i WILL cut the deficit in half by the end of my first term, rather than saying i will try to cut it in half.
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Old 10-13-2012, 06:32 PM
 
Location: Ohio
24,621 posts, read 19,173,997 times
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Quote:
Originally Posted by db108108 View Post
He didn't double it. Bush left office with a deficit exceeding 1 trillion dollars.
If we go here...

http://www.fms.treas.gov/mts/mts0909.pdf

...we can see a month-by-month accounting.

From October 2008 through January 2009....

Bush was responsible for $395 Billion in debt
Obama was responsible for $1.021 TRILLION in debt.

When the budget deficit exceeded the projected deficit, Obama should have ordered a spending freeze --- he didn't -- so he voluntary spent $1.021 TRILLION and you cannot blame that on Bush.

Quote:
Originally Posted by db108108 View Post
Economic confidence is picking up, and last month the deficit came in WAY under expected. I don't have the article to back that up, but it's out there. I think that fiscal year 2013's deficit will probably drop another 2-300 billion. Again, a step in the right direction.
Consumers and people are fickle, so "consumer confidence" is irrelevant.

First you'll have to wait until the revisions are in, since those are just estimates and the CBO is notoriously wrong and then you're going to have to deal with the end of the FICA payroll tax cuts, plus other tax issues.

Debunking...

Mircea
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