More credit to Prez Obama: Deficit shrinks by 1Trillion under his watch (Whitehouse, solution)

[dsjj251]

Originally Posted by toryturner

The point is, for some inexplicable reason, you are having trouble with the fact that I posted a related fact based on the original post. You have been posting on this forum since 2010, surely you recognize the pattern.

No you didnt,

In your post you said the op was wrong in and of itself, which means you actually didnt understand what you were debating. You later explained your argument to mean that you simply meant to state your opinion of which mattered more. In which case, you would then be trying to change the subject matter of this thread seeing as this thread wasnt an open ended question nor a "yes or no" response on which mattered more.


A related matter is one thing, but you flat out said the OP was wrong and then tried to cover it up as opinion on a greater subject matter, which would still be changing the subject.

[steven_h]

dsjj251, you're doing exactly what do every time you don't like the facts... you start side tracking and deflecting.

[toryturner]

Originally Posted by dsjj251

No you didnt,

In your post you said the op was wrong in and of itself, which means you actually didnt understand what you were debating. You later explained your argument to mean that you simply meant to state your opinion of which mattered more. In which case, you would then be trying to change the subject matter of this thread seeing as this thread wasnt an open ended question nor a "yes or no" response on which mattered more.


A related matter is one thing, but you flat out said the OP was wrong and then tried to cover it up as opinion on a greater subject matter, which would still be changing the subject.

I never in any way implied that our national debt being more important than our deficit is an OPINION, it is a FACT. Something that you cannot debate so you are trying to deflect with an argument about what can and cannot be said on a thread. Several other people have pointed out debt versus deficit in this very thread and you have not repeatedly chose to flog that dead horse with them. Let's agree to disagree.

[toryturner]

Originally Posted by steven_h

dsjj251, you're doing exactly what do every time you don't like the facts... you start side tracking and deflecting.

[workingclasshero]

Originally Posted by dsjj251

But that isnt what happened here and that is why you are missing the flaw in your argument. 2010 is the only year in which the projected deficit exceeded the actual deficit. every other year it has actually fallen below out estimates.

What you are doing is going by total debt accrued, which includes expected interest. That would be like you or I calculating the entire cost of the mortgage into out debt at the end of the year instead of just the monthly cost, that is why I used that example.

Again, I fully understand the point you are making, but it isnt a Deficit/yearly budget problem. The argument you are putting forth is about overall debt.

really????


interest of the debt is PART of the budget..... infact the CBO EXPECTS the interest rate to be UP to 3.5% by 2018 currently at .1%
interest payment for FY14 was budgeted at 222 billion (and expected to reach over 800 billion by 9 years from then (2023))
see page 187 of the 244 page PDF (table s4) attached here https://www.whitehouse.gov/sites/def...ets/budget.pdf

let's look at fy14



budget PROJECTED revenue .....$3.03 trillion

budget PROJECTED spending......$3.62 trillion

budget PROJECTED deficit...........$694 billion

actualy revenue.... 3.01 trillion

actual spending ..... 4.1 trillion

total deficit.......1.0 7 trillion deficit fy14


total debt increase for FY14 ...1.0 7 trillion debt increase fy14

[lorrysda]

Originally Posted by LexusNexus

More great news about a benefit to this country from President Obama's presidency.

Remember, Republican Bush was given a SURPLUS by Democrat Clinton and turned it into a RECORD DEFICIT. Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.

Deficit shrinks by $1 trillion in Obama era | MSNBC

1. There is a difference between "deficit" and "debt." This idiot has doubled our debt with his stupid spending on foolish wastes. The "deficit" just reflects the incremental yearly accumulation that in finality equals addition to the debt. If we had had anyone with a brain and understanding of economics, our economy would have recovered very quickly and our debt would never have continued up at warp speed. By the way, the 2008 crash was the result of Democrats doing stupid things and under President Bush when he sent down direction to "fix" the Mortgage mess...Barney Frank, Maxine Waters, Chuck Schumer and Chris Dodd for a few are on C-SPAN files standing up and shouting "everything is fine...Bush doesn't know what he is talking about." The 2008 mess would have never happened had Democrats not blocked correction.

2. It was Newt Gingrich, John Kasich and the "young Republicans" that forced Clinton to sign legislation and budgets that brought the surplus...Not Clinton...he fought it all the way and finally had to come to the table.

3. It was NOT President Bush that caused the surplus to have to be spent. Clinton gutted the military to make his budgets look good. When we were attacked on 9/11 and had to do something about all the attacks before that leading up to/including 9/11 to stop the idea that America could be attacked without retaliation; i.e., stand up and protect America (20, I believe, which Clinton did nothing about) the military had to be rebuilt to regain what Clinton trashed reinstating its ability to protect America.

Put the blame where it lies.

[dsjj251]

Originally Posted by workingclasshero

really????


interest of the debt is PART of the budget..... infact the CBO EXPECTS the interest rate to be UP to 3.5% by 2018 currently at .1%
interest payment for FY14 was budgeted at 222 billion (and expected to reach over 800 billion by 9 years from then (2023))
see page 187 of the 244 page PDF (table s4) attached here https://www.whitehouse.gov/sites/def...ets/budget.pdf

let's look at fy14



budget PROJECTED revenue .....$3.03 trillion

budget PROJECTED spending......$3.62 trillion

budget PROJECTED deficit...........$694 billion

actualy revenue.... 3.01 trillion

actual spending ..... 4.1 trillion

total deficit.......1.0 7 trillion deficit fy14


total debt increase for FY14 ...1.0 7 trillion debt increase fy14

They are part of the overall expenditure of the government calculated at the end of the fiscal year to determine the national debt.


No.
http://www.gpo.gov/fdsys/pkg/BUDGET-...T-2014-BUD.pdf

https://www.whitehouse.gov/sites/def...ets/tables.pdf

http://www.gpo.gov/fdsys/pkg/BUDGET-...D.pdf#page=102

total revenue was 3.02 trillion

actual spending was 3,021,487,000,000

actual spending was 3,506,089,000,000

a budget deficit of 484,602,000,000

[dsjj251]

Originally Posted by toryturner

I never in any way implied that our national debt being more important than our deficit is an OPINION, it is a FACT. Something that you cannot debate so you are trying to deflect with an argument about what can and cannot be said on a thread. Several other people have pointed out debt versus deficit in this very thread and you have not repeatedly chose to flog that dead horse with them. Let's agree to disagree.

You implied that your opinion on the matter was relevant to the subject matter. it isnt.

As for responded to others, I have.

[dsjj251]

Originally Posted by steven_h

dsjj251, you're doing exactly what do every time you don't like the facts... you start side tracking and deflecting.

Actually, the ones side tracking are you guys. This thread is about the yearly budget deficit, not the total national debt.

Stay on topic.

[toryturner]

Originally Posted by dsjj251

You implied that your opinion on the matter was relevant to the subject matter. it isnt.

As for responded to others, I have.

Agreeing to disagree.