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9 trillion last EIGHT year and liberals argued FOR the deficit and Keynesian economics where liberals argue that debt is good... 1.5 trillion in TEN years and the sky is falling.... idiots...
You do realize that is an additional 1.5 trillion when we are not in a recession and we are projected to be running trillion dollar a year deficits.
Most of the US companies remain competitive, many having historically high profits. There are other methods for our companies to keep rates low other than moving operations overseas.
All true, but I don't want to just keep what we have.
I want companies doing business in Europe and Asia to relocate here or expand existing operations.
I want the competition for US workers to be so intense that wages and benefits go through the roof.
Come on now. Don't you see all those beautiful signs? Paid for by the Stimulus? That sign company made a mint. Then there was the 540 million dollar gift to a certain color company that went bankrupt shortly after getting all that cash. The cash for clunkers program. The Chevy Volt. The $33,000.00 wonder with a 50 mile range. There are so many more success stories of how we wasted tax payer money.
Eh, the Volt has gas and electric, the range is not limited to electric only. Electric only would apply to vehicles like the Nissan Leaf.
Clinton left an economy on the way to pay off the debt until Bush came along with his massive tax cuts, part D Medicare benefits ( deficit spending) and war and 2008 bailouts.
That is why we are where we are.
What parts of the Obama stimulus are you opposed to?
The Obama stimulus gave $237 billion in tax cuts and credits. Like a "New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010" and a "Expansion of child tax credit: A $1,000 credit to more families" ex.ex.
The stimulus gave $51 billion in tax incentives for companies. Like "Allowing companies to use current losses to offset profits made in the previous five years, instead of two."
It gave $155 billion to healthcare. Like extra money for Medicaid and health information technology, ex.ex.
It gave $100 billion to education. Like "$53.6 billion in aid to local school districts to prevent layoffs and cutbacks" and "$13 billion for low-income public schoolchildren" ex.ex.
It gave $82.2 billion in "Aid to low income workers, unemployed and retirees (including job training.)" Like "$40 billion to provide extended unemployment benefits" and "$14.2 billion to give one-time $250 payments to Social Security recipients."
It gave $105 billion to infrastructure investment.
It gave $48 billion to transportation. Like "$27.5 billion for highway and bridge construction projects" and
"$8 billion for intercity passenger rail projects and rail congestion grants" ex.ex.
It gave $18 billion to Water, sewage, environment, and public lands. Like "$4.6 billion for the Army Corps of Engineers for environmental restoration, flood protection, hydropower, and navigation infrastructure projects" and "$4 billion for the Clean Water State Revolving Fund" ex.ex.
It gave $7 billion to government buildings and facilities. Like "$4.2 billion to repair and modernize Defense Department facilities" and "$890 million to improve housing for service members" ex.ex.
It gave $10 billion to communications, information, and security technologies. Like "7.2 billion for complete broadband and wireless Internet access" and "$1 billion for explosive detection systems for airports" ex.ex.
It gave $20 billion to energy infrastructure. Like "$6 billion for the cleanup of radioactive waste (mostly nuclear weapons production sites)" and "$4.5 billion for the Office of Electricity and Energy Reliability to modernize the nation's electrical grid and smart grid" ex.ex.
It gave $14 billion to housing. Like "$4 billion to the Department of Housing and Urban Development (HUD) for repairing and modernizing public housing, including increasing the energy efficiency of units" and "$2.25 billion in tax credits for financing low-income housing construction" ex.ex.
It gave $7 billion to scientific research. Like "$3 billion to the National Science Foundation" and "$2 billion to the United States Department of Energy" ex.ex.
And it gave money to other things, like "$4 billion for state and local law enforcement agencies" ex.ex.
It took years for the economy to recover after 2008, you don't turn that around in a year or two. That amount of job losses and closed businesses takes time, maybe you can point to some specific bills or actions other than the Stimulus that accounted for those types of losses.
When do you think the economy was fine, 2013, 2014??? Besides, congress wasn't going to approve any budget that significantly increased the deficit, we saw that in 2012. You keep on claiming Obama is responsible for the debt the last 8 years but you can't point to anything he has done, besides congress controls spending.
Yeah ya do...
GDP grew 4.6% in FY 1983, the year after the Reagan tax cuts went into effect, 7.3% in 1984 and 4.2% in 1985.
Reagan had to deal with inflation, the problems we had in 2008 dwarf anything in 1980. You don't just easily turn around an economy that is shedding 800,000 jobs a month. The point is prior tax cuts were mostly instituted to address significant problems with the economy, this bill was a solution looking for a problem.
Because you said so? Prove it.
I see high rates of welfare compared to before the crash. How is that a recovery?
It's factual. We had thousands of job losses before, under Obama, it went up to over 200k per month, jobs being added. When Obama took office, he inherited a mess where everyone was under water. The past few years, real estate market became a sellers market. Stock values increased by the butt load under Obama.
Insurance rates, while increased, increased at a slower rate than what the alternative would have been. Homicide rates had dropped at over 10% than before. Corporate profits went up over 100%.
We could go on. The facts are out there, just look it up.
The number of people receiving food stamps dropped again since our last report, by nearly 142,000. As of October, the most recent month on record, nearly 45.4 million Americans were still receiving the food aid, now known as the Supplemental Nutrition Assistance Program.
That’s 5.1 percent lower than the record level set in December 2012, but still nearly 42 percent higher than it was when Obama took office in 2009.
But as we noted when Republicans called Obama the “Food Stamp President,” 14.7 million people were added to the food-stamp rolls during George W. Bush’s time in office. By comparison, the net gain under Obama now stands at just under 13.4 million — and it’s slowly declining as the economy improves."
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