Welcome to City-Data.com Forum!
2,500,000 members. Thank you!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-19-2009, 10:42 PM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,278,835 times
Reputation: 871

Advertisements

Three times more RED INK than last year - Deficit to be $1.58 trillion this year!
Reply With Quote Quick reply to this message

 
Old 08-20-2009, 12:10 AM
 
69,368 posts, read 63,788,034 times
Reputation: 9383
Wow, looks like the deficit this year will be 10% of ALL previous debts combined.. Outstanding job Congress...
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 01:01 AM
 
2,661 posts, read 2,890,964 times
Reputation: 366
Shouldn't we all consider this to be good news?
First sentence of your link, OP.

Quote:
The White House plans to announce the federal deficit will be about $262 billion less than officials predicted earlier this year -- in part because the administration has provided less aid than expected to Wall Street.
Its great news, unless you prefer bigger deficits over smaller deficits.

Additionally, in the same article:
Stan Collender argued that the deficit cannot be blamed on Obama, as Bush left a 1.2 trillion deficit (not including iraq+afghanistan and AMT adjustment)

A conservative economist agrees with that fact:
Quote:
In January, the Congressional Budget Office projected a deficit this year of $1.2 trillion before Obama took office, with no estimate for actions he might take. To a large extent, the CBO’s estimate simply represented the $482 billion deficit projected by the Bush administration in last summer’s budget review, plus the $700 billion Troubled Asset Relief Program, which George W. Bush rammed through Congress in September over strenuous conservative objections. Thus the vast bulk of this year’s currently estimated $1.8 trillion deficit was determined by Bush’s policies, not Obama’s.
The GOP's Misplaced Rage - The Daily Beast

Last edited by compJockey; 08-20-2009 at 01:10 AM.. Reason: added a paraphrase
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 01:46 AM
 
Location: SARASOTA, FLORIDA
11,486 posts, read 15,232,329 times
Reputation: 4894
Left wingers have never been able to run anything with money attached.

Total control of congress and the WH and they still cannot get it together.

Wait and see, the deficit will grow even more with the non stop spending spree of our negative money.

What a mistake this country made allowing the village idiot and the left wing mobster loons in congress total control of things.
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 06:01 AM
 
24,329 posts, read 22,865,362 times
Reputation: 14911
I'm waiting for the Repo men to roll up in front of the Capitol Building and the White House.
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 06:17 AM
 
12,867 posts, read 14,843,652 times
Reputation: 4454
Quote:
Originally Posted by compJockey View Post
Shouldn't we all consider this to be good news?
First sentence of your link, OP.



Its great news, unless you prefer bigger deficits over smaller deficits.

Additionally, in the same article:
Stan Collender argued that the deficit cannot be blamed on Obama, as Bush left a 1.2 trillion deficit (not including iraq+afghanistan and AMT adjustment)

A conservative economist agrees with that fact:

The GOP's Misplaced Rage - The Daily Beast
i don't think that anyone is arguing that bush was good for the country or even for his party. he signed just about every spending bill placed in front of him. the democratic congress failed in its duty to present good legislation or to stop bad bills from getting to his desk. obama has the same problem now and i think that people are starting to realize that obama isn't good for his country either if he fails to stop this out of control democratic congress. pelosi pushed the democratic TARP legislation through, which was the worst thing that our congress has done and bush betrayed our country when he signed it.


we are now over 2 and a half years into an out of control democratic congress and we are seeing the ramifications of this out of control spending. this isn't going to get better in the next couple of years, because once the government spending is tapped out (and china no longer funds our debt) there will be some serious repercussions to our country.
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 11:51 AM
 
2,661 posts, read 2,890,964 times
Reputation: 366
Quote:
Originally Posted by floridasandy View Post
i don't think that anyone is arguing that bush was good for the country or even for his party. he signed just about every spending bill placed in front of him. the democratic congress failed in its duty to present good legislation or to stop bad bills from getting to his desk. obama has the same problem now and i think that people are starting to realize that obama isn't good for his country either if he fails to stop this out of control democratic congress. pelosi pushed the democratic TARP legislation through, which was the worst thing that our congress has done and bush betrayed our country when he signed it.
Just trying to educate the "massive spending" uninformed screamers out there, like the OP, who don't understand where the deficit comes from.
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 12:36 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,201,334 times
Reputation: 7621
Quote:
Originally Posted by compJockey View Post
Shouldn't we all consider this to be good news?
First sentence of your link, OP.



Its great news, unless you prefer bigger deficits over smaller deficits.

Additionally, in the same article:
Stan Collender argued that the deficit cannot be blamed on Obama, as Bush left a 1.2 trillion deficit (not including iraq+afghanistan and AMT adjustment)

A conservative economist agrees with that fact:

The GOP's Misplaced Rage - The Daily Beast
Yup, the bulk of the deficit is from items already in place before Obama came into office. It's really only the stimulus that's specifically on him (and I happen to think it was necessary).

Ken
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 12:53 PM
 
9,763 posts, read 10,485,467 times
Reputation: 2052
Quote:
Originally Posted by floridasandy View Post
the democratic congress failed in its duty to present good legislation or to stop bad bills from getting to his desk.
Get your history straight. It was the Republican Congress that saw only a single veto by Bush. Bush vetoed eleven bills from the Democrats.
Reply With Quote Quick reply to this message
 
Old 08-20-2009, 01:01 PM
 
Location: New Jersey
1,878 posts, read 2,055,531 times
Reputation: 326
Quote:
Originally Posted by nvxplorer View Post
Get your history straight. It was the Republican Congress that saw only a single veto by Bush. Bush vetoed eleven bills from the Democrats.
you got it backwards from what the OP was saying. What they meant was, if his spending was so bad, how come the dems kept sending him bills that were FOR all this spending and didn't prevent it from happening?
Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 04:18 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top