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Right wingers understand the economy about as well as they understand string theory. Anyone who believes that a country "should be" or "needs to be" debtless and deficitless is clueless and I am being very, very polite here.
Right wingnut report cards:
Econ 101 ---> F
Economic history ---> F
World economy ----> F
Right wingers clearly all lined up and took the Teabbager course in Econ.
Look GWB inherited a budget surplus and immediately threw it away with tax cuts. Immediately. This is objective reality.
conservatives didn't say we should use that surplus to pay down the deficit. Instead conservatives supported tax cuts that turned a budget surplus immediately into budget deficits for 8 years 2002-2009 and conservatives said and did nothing.
Then those same conservatives supported the War in Iraq that wasn't paid for. And they said nothing.
conservatives have zero credibility when it comes to budget deficits or the national debt.
We had the artificial bubble of wealth during Clinton's presidency, the recession at the end of Clinton's presidency, the bursting of the dot com bubble and 9/11 in the beginning of bush's presidency, and there never was a surplus, just fraudulent number games and false predictions of a surplus.
Clinton started the economic collapse with the regulations he repealed from 1996-1999, the dems infatuation with allowing Fannie and Freddy to run wild helped blow up our economy. then Obama comes into office and runs up $6 trillion in new debt WITH NOTHING POSITIVE TO SHOW FOR IT!!! And you blame everyone else except democrats?
BTW, Bush was not a conservative, he was a big spending, big government, liberal republican, a neocon.
We had the artificial bubble of wealth during Clinton's presidency, the recession at the end of Clinton's presidency, the bursting of the dot com bubble and 9/11 in the beginning of bush's presidency, and there never was a surplus, just fraudulent number games and false predictions of a surplus.
Clinton started the economic collapse with the regulations he repealed from 1996-1999, the dems infatuation with allowing Fannie and Freddy to run wild helped blow up our economy. then Obama comes into office and runs up $6 trillion in new debt WITH NOTHING POSITIVE TO SHOW FOR IT!!! And you blame everyone else except democrats?
BTW, Bush was not a conservative, he was a big spending, big government, liberal republican, a neocon.
Your post consists completely cafeteria "factoids." Nothing you said was complete, nothing you said was accurate, and everything you said was misrepresented. The funny thing is, to explain to you everything you said incorrect, would require classes. (Which I suspect is at the root of why you post things like these that bear no relation to fact or reality).
We had the artificial bubble of wealth during Clinton's presidency, the recession at the end of Clinton's presidency, the bursting of the dot com bubble and 9/11 in the beginning of bush's presidency, and there never was a surplus, just fraudulent number games and false predictions of a surplus.
Clinton started the economic collapse with the regulations he repealed from 1996-1999, the dems infatuation with allowing Fannie and Freddy to run wild helped blow up our economy. then Obama comes into office and runs up $6 trillion in new debt WITH NOTHING POSITIVE TO SHOW FOR IT!!! And you blame everyone else except democrats?
BTW, Bush was not a conservative, he was a big spending, big government, liberal republican, a neocon.
Your whole post was irrelevant word vomit. conservatives continue to prove to be spectacular liars.
There is zero factual doubt that without those tax cuts, we would have continued to have budget surpluses. So this artificial internet boom nonsense is irrelevant to the reality that GWB threw away budget surpluses with tax cuts.
The reality is that conservatives didn't demand that those budget surpluses be used to pay down the national debt. Instead we have the objective reality that conservatives didn't care about budget deficits nor the national debt for 8 years of the GWB presidency they said and did nothing.
conservatives have zero credibility concerning debt and deficits.
That's right, spending $4 trillion in new debt is only irresponsible and unpatriotic when Bush did it, but Obama can spend $6 trillion in half the time and fools and sycophants on the left's hypocrisy is overflowing with disinterest and a lack of concern.
A billion of the Bush debt was TARP money that was paid back. Obama told us that.
You have been lied to by Fox News. Obama is not destroying the economy with higher deficits. In fact, he is cutting deficits at the fastest pace since WWII.
Don't take my word for it. Take it from the NON-PARTISAN CBO:
Hmmm, so run up over one trillion in new deficit spending for four years in-a-row, and then if you cut it by a few hundred billion, you are the great savior, even though your new federal deficits are still record high and more then any other president in US history.
This is why people are called lib'tards. Next thing you will tell us that 0bama has increased the federal deficit spending at the slowest rate in 60 years.
Your whole post was irrelevant word vomit. conservatives continue to prove to be spectacular liars.
There is zero factual doubt that without those tax cuts, we would have continued to have budget surpluses. So this artificial internet boom nonsense is irrelevant to the reality that GWB threw away budget surpluses with tax cuts.
The reality is that conservatives didn't demand that those budget surpluses be used to pay down the national debt. Instead we have the objective reality that conservatives didn't care about budget deficits nor the national debt for 8 years of the GWB presidency they said and did nothing.
conservatives have zero credibility concerning debt and deficits.
If you think about it in mathematical terms, deficit is the derivative of debt - i.e. the rate of growth. The OP is not talking about either the deficit or the debt directly. What the OP is basically saying is that the second derivative of the debt (i.e. the pace of deficit change) is now, 4 years down the line, projected to be negative over the next three years. If you honestly think this means Obama has done a good job handling the debt considering that both the debt and deficit have soared under his Presidency, and not just for the sake of argument but honestly think that, I really don't know what to say except that I feel sorry for your former teachers.
CBO scores these things with the assumptions they are provided even if those assumptions are ridiculously optimistic.
A billion of the Bush debt was TARP money that was paid back. Obama told us that.
And $350 billion of that TARP was reserved for then president-elect 0bama, by Bush. 0bama begged Bush to give it to him, so it's not as if 0bama can forget that it was his.
This is not a difficult concept to understand. Decreasing huge deficits (which he definitely inherited, stop denying it) is a GOOD thing. If he cut ALL spending at once, we would go into a depression... that's a fact. If Republicans would agree to defense cuts, this reduction could be sped up even more. We spend more than the next 13 countries COMBINED. Why would any "small government" Republican defend maintaining ridiculous defense spending? Hypocrisy runs rampant on the right.
In March of 2009, Obama, Pelosi and Reid spent $400 billion over and above Bush's request.
The deficit in FY 2009 was going to be big, but Democrats made it even bigger.
If deficit spending is good for the economy, shouldn't we increase deficits?
FTR, if the federal government cut deficit spending, the US dollar would gain buying power and the economy would grow from increased consumer demand made possible by a stronger currency.
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