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CBO deficit projections that just may suprise you.
Posted: Jul 14, 2010
Here is a graph depicting baseline deficit as affected by the economic downturn with comparisons made between the percentages of projected impacts (2009 to 2019) of the wars in Iraq and Afghanistan, the Bush tax cuts, Obama's recovery measures, TARP, Fannie and Freddie. Can you guess which one has the broadest and most far reaching damaging impact? Fascinating stuff.
http://www.cbpp.org/cms/index.cfm?fa=view&id=3036
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Do you work for Obama? Since he flushed the USA - down the toilet, he loves these graphs too.
[ In Reply To ..]That way, nothing is ever HIS fault, even though by now, most of the country is waking up to his disastrous policies. Whatever Bush did, we aint seen nothin yet. Obama seems to be about 10 times worse.... so wait for FUTURE graphs, which will show the tons of damage the current president is doing to his country.
Obama can\'t do anything - enigma
[ In Reply To ..]Congress won\'t let him. Grrr.
An intelligent voice of reason. Thank you. (sm) - Nikki
[ In Reply To ..]You truly are an enigma for some on this board. :-)
And I remember when Bush couldn't do anything - because Congress wouldn't let him. nm
[ In Reply To ..].
Exactly what couldn't Bush do due to Congress? (nm) - Nikki
[ In Reply To ..]??
posted a graph, not a resume. One cannot talk - about th deficit without
[ In Reply To ..]including the HUGE chunk of it that is attributable to those tax cuts for the wealthy. Of particular concern is the fact the pubs are hawking the same snake oil as we speak, getting their backs all up at the mere suggestion that extending them needs to be paid for, just like they are insisting UI benefits should be.
I posted this graph to express the disgust I feel over the blind spot they have in this regard by attempting to argue that the concepts are not the same and that Paygo does not include tax cuts. This hypocrisy is sickening. How dare they try to justify withholding those funds from jobless families strapped for cash who paid into the unemployment INSURANCE funds so they can REDISTRIBUTE them to the top 2 percent?
This is not about Obama. It is about McConnell and his gang of thugs. If he wants to claim that extending Bush tax CUTS in any way INCREASES revenues (oxymoronic), he needs to show us HIS graphs, the data of which will be extracted and extrapolated from the same CBO sources.
Straight from the horse's mouth - Backwards Typist
[ In Reply To ..]Evidently, you read one-sided stories. This is what McConnel stated about unemployment.
Jun 24 2010
Extending Benefits Without Extending the Debt
WASHINGTON, DC â U.S. Senate Republican Leader Mitch McConnell made the following statement Thursday regarding a short-term extension of unemployment Insurance benefits, COBRA subsidy, flood insurance program, small business lending program, and 2009 poverty guidelines:
âThe Majority Leader wants to make this debate about Republicans opposing something.
âThe only thing Republicans have opposed in this debate are job-killing taxes and adding to the national debt.
âWeâve offered ways of paying for these programs, and weâve been eager to approve them.
âWhat weâre not willing to do is use worthwhile programs as an excuse to burden our children and our grandchildren with an even bigger national debt than weâve already got.
âSo the biggest reason the cloture vote we just had failed is because Democrats simply refuse to pass a bill that doesnât add to the debt.
âThatâs the principle theyâre really fighting for in this debate.
âIâll even prove it.
âIn a moment, Iâll offer a one-month extension of the expired Unemployment Insurance benefits, COBRA subsidy, flood insurance program, small business lending program, and 2009 poverty guidelines.
âThis extension would be fully paid using the very same stimulus funds that Democrats just voted â almost unanimously â to redirect for these purposes. Let me repeat that: we would pay for this extension with a Democrat-approved stimulus offset.
âIf the Democrats object to extending these programs using their own stimulus offset to pay for them, then they'll be saying loud and clear that their commitment to deficit spending trumps their desire to help the unemployed.
âSo letâs be clear about the principle thatâs really at stake here.
âAre Democrats willing to extend these programs without adding to the debt? Thatâs the real question in this debate.â
__________________
Jun 22 2010
Tax Hikes Are Not the Answer to a $13 Trillion Debt
Washington, D.C. - U.S. Senate Republican Leader Mitch McConnell made the following remarks on the Senate floor on Tuesday regarding the national debt and the Democrat leadershipâs proposed tax hikes on Americans families:
âItâs now official. Top Democrats on Capitol Hill are starting to signal their intention to raise taxes on the middle class.
âThe House Majority Leader in a speech today warns that in order to do anything about the debt crisis Republicans have been speaking about on the Senate floor in recent weeks, President Obama will have no choice but to break his campaign pledge of no new taxes for millions of American families.
âRespectfully, I think this is a tough argument for the Democrat leadership in the House that wonât even take up the Senateâs version of the so-called doc fix legislation for no apparent reason other than the fact that it doesnât increase the debt.
âAnd itâs hard to imagine anyone taking advice on fiscal discipline from a party thatâs spent the last two and a half weeks arguing not about how to pay for the extenders bill thatâs on the floor, or how to use this bill to cut the debt, but about how much money to add to the debt in the process of passing it.
âHereâs another idea Democrats should consider, one that Americans have been proposing loudly and clearly: stop spending money you donât have.
âThe American people donât think our problem is that government taxes too little. Our problem is that government taxes too much. And that it spends too much and borrows too much. And until Democrats demonstrate even the slightest ability to restrain the recklessness with which they spend Americansâ hard-earned tax dollars, the job creators and the workers of this country arenât about to take them seriously on how to lower the debt. The American people shouldnât be asked to pay the price for Democratsâ recklessness through higher taxes.
âAmerica faces a debt crisis. Democrats have done nothing whatsoever to show that they understand that. Breaking a campaign pledge wonât help. Cutting spending will.â
Need More?
Oh, please. Actions speak louder than fibs, err, I mean words. - Sleeping through Ws administration AND the 111th (
[ In Reply To ..]Let me start by saying you are not in any way addressing my comments, which are restricted to such issues as tax cuts for the wealthy, their effect on the deficit as compared to Obama's stimulus measures (often portrayed by conservatives as THE single culprit) and various other contributing factors, Paygo and pub hypocrisy on extension of deficit-ballooning Bush tax cuts being exempt from Paygo while UI extensions are not. Certainly, I think we can agree that extending Bush tax cuts to the rich do not exactly qualify as emergency spending, which I am given to believe is stipulated under Paygo as the only basis for exemption.
What do these articles do to address those issues? The job-killing taxes that add to the deficit statement is just another prime example of hypocrisy. Kyl opened his big mouth, inserted both feet and McConnell and his ilk have rushed to his defense. That issue is now attached at the hip with UI extension in the short run and Paygo in the long run. Let us not pretend that enforcing Paygo is their only agenda. Foot dragging, opposition, blocking, stagnation, grinding the government to a halt, etcetera, etcetera is the ONLY strategy this party has made clear from the moment they were sworn in after Obama won the election.
Let us also not pretend that democrats have not caved in once again, and made HUGE concessions on this particular bill by eliminating COBRA subsidies and the $25 weekly stimulus UI benefits payments and considerably paring down the cost of the measure. Pubs have not budged. Big surprise. I not only would be interested in seeing what "offers" (please note that is in the plural) they have made to pay for the program, but also would like to read about democrats reasons for refusing them. There has been a veritable dearth of coverage on those issues in the media (guess that part of the story is not slick, sexy or sensational enough to suit them) so commenting further on that is rather difficult.
They had no problem burdening their children and grandchildren with the national debt when funding wars, tax cuts for the wealthy and financial deregulation that crashed the economy. BTW, they passed multiple extensions of unemployment under W without blinking an eye. Their whining about how hard they have worked and how dems have refused their efforts is disingenuous at best, considering that they are the experts when it comes to refusal and obstruction. The entire article is rife with pub political posturing and carries zero credibility in view of their own refusal to DO THEIR JOBS. McConnell would not know a principle if it walked up and socked him in the face. Give me a break.
Another one-month extension, huh? One that would expire in another 15 days, giving him a yet another opportunity to stage his command performance. I am sure he would love that, but it would do absolutley nothing to confront the real problems that the jobless are facing. What do you suppose the unemployment rate is going to look like in 15 days? Magically down to less than 5 percent? There are NO JOBS for them and Mcconnell obviously has NO CLUE about any real solutions.
Top democrats signal their intention to hike taxes? President Obama will have no choice but to break his campaign pledge of no new taxes for millions of American families? Says who? Mitch McConnell? I will believe it when I hear it from dems (who would be the horses in this case, yes?) and see it actually happen, rather than be predicted by minority leader from the other party. A couple of weeks back, a poster told you that you seem to subscribe to the notion that if you repeat something enough times, it will come true (sort of akin to wishful thinking). You and McConnell both. Saying it does not make it so. Tax hikes on the middle class, that old worn out campaign battle cry: Did. Not. Happen.
Need more? Yes please. Let us try addressing why extending deficit-ballooning tax CUTS are not subject to Paygo and UI are.
Nah... Obama will just lie instead. He is good at - that at least. As far as "burdening
[ In Reply To ..]children and grandchildren", what in the world do you think O is doing? Thats exactly what he is doing now!! Open your eyes and get to the point.
I did. You missed it. - sm
[ In Reply To ..]This is not about Obama. Do you have anything to add to the conversation about the debt, Paygo, extension of Bush tax cuts versus unemployment benefits or pub hypocrisy?
You add nothing but blather and one-sided brainwashing. - TX
[ In Reply To ..]We are in big trouble, and Obama is our worst nightmare. The sooner you see that, the better. Hopefully, in November, there will at least be more of a balance in Congress. DEBT SHOULD BE OBAMAS MIDDLE NAME. Its crazy that you keep going back to Bush when Obama is digging us into a huge debt hole as we speak!!
Still not willing to address those numbers, huh? - Are you always this resistant to
[ In Reply To ..]cold hard evidence? Statistics are very effective brainwash busters. Maybe that is why you find them so diststeful. Hey, I am not the one who brought up extending Bush tax cuts and relating it to the national debt. You have Senator Kyl to thank for that. His comments are hot off the press. In fact, just Google Kyl Bush tax cuts, then hit news. Take a gander at the first 4 groups of related articles (1149 in all) just from today. The backlash will be with us for a while and probably will have that Boomerang effect each time pubs make Paygo an issue and try to wax poetic over their wrist-wringing concern about the national debt.
The contribution those measures made to the deficit are the stuff legends are made of and there are mountains of evidence to back it up. That is why pubs are scrambling to make this gaffe go away. Good luck with that.
Raising taxes on ANYONE right now, especially those - who might hire others is a huge mistake.
[ In Reply To ..]Common sense. Try it sometime, if you dare come out of your brainwashed shell.
Who said anything about raising taxes and why - does this tiny little graph
[ In Reply To ..]unleash such wrath? All it does is present simple comparisons between the major components of the deficit and shows which one contributes the most to it. Reduced revenues from Ws tax cuts to the wealthy takes the door prize, hands down.
With all that concern and worry the pubs profess to have over the deficit, I just thought it might be helpful to shed a little light on the subject and identify some of the problem areas. After all, problems cannot be solved until they are defined. That is just plain ole common sense, is it not?
Ah, but they're obviously NOT hiring others. (nm) - Nikki
[ In Reply To ..]nm
I was addressing the 1 sentence in your venting. - Backwards Typist
[ In Reply To ..]"It is about McConnell and his gang of thugs."
Nothing more, nothing less because I didn't go into the rest of it YET.
As for this sentence:
"Tax hikes on the middle class, that old worn out campaign battle cry: Did. Not. Happen."
I say, just wait and see. I see it happening. How else to lower the deficit?
As for the unemployment, they are going on another vacation for a month. This is a stop gap measure until they can find a compromise in the bill that contains the unemployment amendment.
Now, if you don't mind, I'll get back to you on the issues you raised later.
So far you have been waiting and seeing - for 18 months.
[ In Reply To ..]Wait and see to your heart's content for those tax hikes on the middle class. Just exactly what is it that you see happening? How else to lower the deficit? Well, let's see. Maybe we could start by letting the Bush tax cuts expire, allowing the tax revenues to return to the levels that fueled surpluses during the Clinton administration, for starters.
On the subject of vacations and stop gaps, they have taken excruciatingly long Easter, Memorial Day and 4th of July sabbaticals, leaving millions of people in the lurch and throwing a nice big fat wet blanket all over the holidays for the unemployed and their families with their stop gaps. It does not get any easier with practice to endure their fiddling while Rome burns.
It is a lead-pipe cinch that the unemployment rate and lack of jobs will be with us AT LEAST until the end of November (now that the dems caved and lopped off a month from the original measure). I cannot think of a better reason to pass a longer term extension. You cannot BEGIN to image how the month-by-month (which has become day-by-day and minute-by-minute) uncertainty exacerbates the anxiety, stress, despair, depression, nightmares, insomnia, loss of appetite (a blessing in disguise, given slashed food budgets) and hopelessness jobseekers in this economy are already trying to overcome so they can stay focused on the job search.
Now, if you don't mind, I too will wait and see whether or not you address the issues.
Tax Hikes and more - Backwards Typist
[ In Reply To ..]I haven't been waiting 18 months for tax hikes. Only the past month or so. What I see is cap and trade, VAT, and Bush tax cuts expiring. All three will up the taxes for the late, great middle class.
Aw, are ya gonna complain because our hard-working poiliticians are taking extra time on vacations etc. (saying sarcastically). I think they're trying to ease us into the idea of being part-time poiliticians like it was when this country was in the first phases of ruling without losing any perks.
I see unemployment going further than November. It's a feeling I got when reading some of the articles posted on line from financial news . I CAN imagine the month-by-month uncertainty with all those anxieties. I have a son who has been unemployed for 2 years now, living a not so nice life. Friends have been taking him meals so it's one less thing he has to worry about, but he hasn't been able to insure or register his vehicle so he can go to another county to look for work.Thank heavens he has no kids to support and no wife anymore. He's also having trouble getting a job because the length of time he's been out of work.
My other son is in construction. He gets laid off every other month or so. I'm unable to help either of them because I never know where my next dollar is coming from even though I do work, but with the wages so low for MT'g, I barely make enough-change that- I don't make enough to cover my monthly bills.
I dont see what you see. - sm
[ In Reply To ..]May be, could be, might be, etc. Cap and trade and VAT have not been enacted. They are being floated around in public discourse and at best, are the subject of speculation, so let�s cross that bridge when we come to it, shall we? Bush tax cuts in the wealthy are, well, on the wealthy. Let me repeat myself. Direct tax hikes on the middle class: Did. Not. Happen.
My husband and I were looking at the Congressional schedule last night and unless we are misunderstanding the meaning of adjournment (slated tentatively for October 8), they already have (get ready) 160 days off, not counting weekends during the spans when they are scheduled to work! Maybe reverting back to part-time would not be such as bad thing (the way things are going these days), but I think they should be paid by the hour or at least only for days worked. The first session members earned a whopping $1500 per year, about $25,424 annually in today's currency. That sounds about right to me. That way they would have to go out on today's job market and look for a part time job. According to Sharron Angle, let them flip burgers!
I assume you mean the unemployment RATE going past November, not the unemployment benefits extension. Of course, I agree with that. Sorry to hear about your son's situation. I have been out since November 2009, meaning I just now hit the average length of time people spend out of work these days (35 weeks), and am starting to worry more about the length of time out. Before we know it, it will be a whole year.
I wasn't responding to you backwards typist. I - mr
[ In Reply To ..]have never posted on here before. Sorry about that. I am finding the political blogs here to be quite interesting, although I knew the ignorance from watching and listening to the other side which I do. I either get super mad or laugh because it is illogical and sometimes based on only emotions. I only have 1 lib in my family and it is my sister. Thank God she is the only one LOL. She admits she is a socialist so what can you do when they are so hard left? :)
You are so full of it. You really have no idea what - FACTS are! nm
[ In Reply To ..]nm
I guess you think personal attacks and one liners - discredit hard data. sm
[ In Reply To ..]One more time. Exactly who is so full of it?
How bout the HARD DATA of O's stimulus bill success? - Huh? ITS A DISASTER
[ In Reply To ..]Unemployment would stay under 8 pct? nope. He has no clue what he is doing. He was never qualified to be president in the first place. People were simply inspired by his teleprompter speeches. America was swindled. Face it. But, instead, all you can do is keep going back to Bush. This is now Obama's baby, and he is abusing it. We are in worse shape than ever, thanks to the CURRENT admin.
W wiped out a $128 billion surplus his first year in office and - produced a $4.08 trillion deficit sm
[ In Reply To ..]during his time in office. As you can see, I prefer to stay on task and stick to the subject at hand. If you like, you could start another thread about the stimulus bill, to which I would be happy to contribute that data. I can also produce oodles of data backing up my claim that extending Bush tax cuts will add more to the deficit over time than all stimulus measures combined, if you like. The CBO graph and CBPP report are just the tip of the iceberg.
In the meantime try to grock this one simple concept. It is impossible to discuss the deficit without discussing Ws contribution to it, especially given its tendency toward exponential growth. The Bush tax cuts for the rich are up for extension and the pubs have indvertently drawn some unwanted attention to themselves by revealing their hypocrisy on Paygo and phoney so-called concern for the debt. That makes Bush's tax cuts and their relation to the national debt perfectly legitimate discourse about REALTIME issues.
No matter how hard you try, how much you protest or how many times you duck this issue, that is a fact. Now, care to comment on the graph at the top of this thread?
You can play this game all day. Did you also know - that when Clinton left office, things
[ In Reply To ..]were headed downward, he knew it, and did nothing about it? Look, right now we are in turmoil. Obama is only creating MORE debt, and you know it. On top of that, where, besides Census jobs, are THE JOBS?! The guy is more clueless than even Carter. As far as the graph, well, in about 5 years, that graph will look like heaven compared to what we are about to see!
clinton - sn
[ In Reply To ..]The reason things were going down was because the pubs focused the last 4 years of the Clinton administration on Monica Lewinski and he couldn't get anything done. Yes, he cheated on his wife, but that was between he and Hillary. The pubs used that to stop anything he wanted to do! Wow, did you people sleep through that too!
HAHA LOL... good try... and another - nonanswer by you! :) nm
[ In Reply To ..]nm
Could you please cite some source on that load of bull? - What I clearly remember is
[ In Reply To ..]during the Clinton administration, not only was I able to acquire my condominium and pay for it in full, but I was also able to furnish it beautifully, including a cutting edge home office with computer, laptop, printer, scanner, fax, land line and cell phone service(without even needing to take out a loan), maintain my own business, afford to take sick days and take 3 vacations in 8 years (one overseas with my son), pay premiuums on health insurance for myself and son, pay off my car and my son's car, bankroll him through four years of college, invest my savings and establish my own retirement fund.
By the end of Ws reign, my business was a distant memory, I could not afford to replace any of the aging furnishings (stove and oven come to mind), update my office equipment or replace the engine on my then 12 year old car. Cash for clunkers eventually helped me unload it. I lost my medical insurance which I could not replace because of a pre-existing condition, so I got my medical care from the county. I will be able to afford insurance again thanks to HCR, that is if I can ever find a job.
I eventually ended up going through my retirement savings by 2007. When I got an on-site job, I had to borrow money from my 80 year old mother to afford the wardrobe, which I was barely able to pay back to her before she passed away...nearly 2 years later! The company I was working for went belly up just after New Years 2009. I worked temporary jobs until last November, but have not been able to find work since then.
I had to sell the new car I purchased with cash for clunkers and was barely able to pay off the co-signed loan. Savings investments from Clinton days shriveled to next to nothing with the stock market crash so I cashed those in, bought a 10 year old Tahoe, paid off all my credit cards, then promptly cut them all up.
I couldn't afford to sleep through the Bush administration. Blaming Clinton and Obama and exonerating Bush is beyond absurd, but it does account for your unwillingness to address the graph in realtime, not in terms of 2 decades ago or 5 years hence.
Well, dont worry, because when Obama is done with - you, we will ALL be poor and in the street.nm
[ In Reply To ..]nm
Been down so long, it looks like up to me. - I beg to differ.
[ In Reply To ..]Do you honestly think I am the only one who can remember the difference between the prosperity of the Clinton years and the free fall during Ws? He is gone, but not forgotten, not by a long shot.
Yep, economy stopped growing with 6 trillion debt.nm - TX
[ In Reply To ..]nm
I will ask you: If Obama is doing such a - horrible job, then SM
[ In Reply To ..]who do you think could do a better job? These discussions always frustrate me. Do you think republicans could change the jobs outlook? Fact is, stopping those tax cuts for the rich would help the deficit tremendously.
No they would not! Its such a myth that higher taxes - cure the economy...and
[ In Reply To ..]just how many rich people do you think we have left in this country?! If Obama has his way, there will be NONE, which is such a mistake because who will hire people for jobs?? I have never worked for a poor man. Besides, the rich already pay extremely high taxes. What exactly do you want from them? I have never been rich, but I know people with money. Some of them give about half of it back in taxes! Its ridiculous. What Obama will probably do is raise taxes on everyone to pay for his insane spending. He will have to break a promise, big surprise. ..and yes, I think someone like Romney or even Ron Paul would have done a much better job. Obama has never run a darn thing, and it shows. He is a horrific leader and actually is causing more division among the races as well. Sorry, but I truly see him as a disaster, as sad as that is.
Dont be ridiculous. Todays tax rates on the wealthy - are histoically low as compared to
[ In Reply To ..]tax rates on the wealthy in the past. Under Ws tax cuts, their rate is 35 percent. If they expire, it would be 39.5 percent. Now, let us compare.
In the 20th century, the only time the tax rate was lower than Ws was 1924 to 1930....the years leading up to the Great Depression. During New Deal Years (1938 to 1943) the rate ranged between 63 and 79 percent. Under president Eisenhower it was a whopping 91 percent. Under Nixon it was 70 percdnt. Under Reagan it was 60 percent.
If you want to demonize Obama, please be sure to give equal time to Reagan, Nixon, Eisenhower and FDR. By the way, what happened under Ws 35 percent rate to the deficit? Huh?
http://zrants.wordpress.com/2009/03/14/tax-rates-for-wealthy-americans-historically-low/
Tax cuts for the wealthy? What a joke. - mr
[ In Reply To ..]We were in the 10% tax bracket during Bushs tax cuts. Now it is going to be 15%! We make a lousy 64K a year. You consider that rich?!! Obama lied about 250K and below will not be affected. He lies, lies, and lies almost on a daily basis like that we are coming out of recession which is another joke and most people know that one is a lie. That income can not even support me and my husband with our children grown and gone. You sheeples are taking our country down the crapper. I don not want to be Europe!! Redistribution of wealth is stealing and he will pay when he meets his maker. All of them will. With the the tax hikes our tax burden will be over 2K more a year plus if cap and tax passes the average family (us!) will pay 2K more a year! So thats over 4K for us when we are barely making it now with a 30K cut in our income cuz Barney Frank and Chris Dodd giving people with low income houses they could not afford! What can I expect when 40% of you dont even pay taxes! I can not wait til he hits the pavement in '12 because most of us have woken up to what I saw when he was running. I could not believe people did not see through this bait and switch crook. None of my family who voted for him are going to again in '12! Oh and Bush was not a real conservative. He was big spender just like the Dems. I loved him though except for that. He had character unlike Obama who has no class at all. His character is awful. He acts like a dictator with his finger pointing and demands all the time speaking to us like we are morons. I'm done.....
That site is not the CBO. It's the Center on Budget and Policy Priorities - Backwards Typist
[ In Reply To ..]The CBO is the Congressional Budget Office.
http://www.cbo.gov/ftpdocs/108xx/doc10871/BudgetOutlook2010_Jan.cfm
I had turned on the TV and it was on MSNBC, my unfavorite, KO. As I was looking at the data on your site, lo and behold, guess who also put the same data up with, of course, changing the color of the Bush era tax cuts bright red.
The Heritage, in 2001, criticized the CBPP on their projections over the Bush tax cuts. They stated:
"In a policy report published on February 6, 2001, Robert Greenstein of the Center on Budget and Policy Priorities (CBPP) claimed that President Bush's tax cut plan would "cost" the federal Treasury $2.5 trillion over the 11-year period 2001 through 2011. That sum is $1.2 trillion more than Congress's Joint Committee on Taxation (JCT) estimated the plan will save taxpayers and $900 billion more than the tax relief estimated by the President's own economists.1
The problem is that the CBPP analysis assumed features of the Bush plan that are not in it and assumed also that the economy would not respond to the largest tax cut in 20 years. Table 1 shows what the CBPP included to arrive at its cost of President Bush's tax proposal. It also compares those costs to estimates of taxpayer savings made by the Center for Data Analysis (CDA) of The Heritage Foundation."
I don't know what's really true anymore, but do know our country cannot sustain the economic problems and deficits without raising taxes, which will have to happen to dig out of the hole.
Who extracted the data from exclusively from the CBO. - Changing the color on a graph
[ In Reply To ..]does not change the numbers behind the image. I provided a link to the entire analysis. These numbers do not lie and they are nonpartisan. Their source is clearly provided in the report.
Doesn't surprise me - sm
[ In Reply To ..]Doesn't surprise me. I knew this stuff all along. Don't usually post on the political site because too many people slept through the Bush administration. When Bush entered office, there was a surplus in this country. When he left, we had the largest deficit ever. Obama was supposed to fix Bush's deficit overnight and now he is being blamed for it. LOL Not saying I agree with everything Obama does, but at least he is not the one that ran this country into the ground. That would be George Bush. If you don't believe that, maybe you should try to come out of the amnesia some have for the 8 years prior to Obama.
I don't talk to my dad about politics either. He hates the democrats because he thinks they are going to take his guns away, and that is the only reason he can come up with. LOL He says the Clinton surplus was only on paper and the fact that George Bush ran this country into the ground was not because of him but because of Clinton. LOL
Personally, I don't need graphs, I lived through the Clinton era and the Bush era and am living through Obama. None was worse than the Bush era, which is what has caused the problems we are having now, not Obama.
Refeshing to hear some down to earth common sense. - Please post more often.
[ In Reply To ..]We could use a few more voices of reason around here.
HAHAHAHAHA!! Voice of reason? Its an opinion, - and far from common sense.nm
[ In Reply To ..]nm
Ever heard of the wisdom in hindsight? How about - the voice of experience?
[ In Reply To ..]Her post contains both. Those two concepts are close relatives of good ole common sense. That is why her comments ring true and sound reasonable.
Yeah, reminds me, we could use some experience - in the White House! nm
[ In Reply To ..]nm
Ditto! Please post more often. (nm) - Nikki
[ In Reply To ..]:-)
We were in bad shape but now that O and the Dems have control - Backwards Typist
[ In Reply To ..]all they can think about if spend, spend, spend. I guess the Tarp Act, Stimulus Act, Health Care, taking over businesses (car companies, etc.) is okay with you.
I guess it's okay for Wall Street to keep going the way they are while punishing the smaller banks.
I guess it's okay that CEOs of Wall Street and big business receiving billions of dollars in salaries. The Financial Reform Act does nothing except restrict lending institutions to the point they may not be able to lend money to small business, but does help Wall Street, Fannie May, Freddie Mac (who were deleted from the bill AND are the 2 that really created this problem), and that's okay with you?
Sorry, but I had hoped things would be different with the new President, but as time goes on and I hear the lies and all the promises Obama made and broke, doing the direct opposite, it makes me queasy.
I guess you don't care that our children and grandchildren and for some of us, the great grandchildren will be paying for all this debt.
Obama has placed a wedge between the pubs and dems that gets wider and wider every day. That's what he has been good at doing so far, but that's okay with you. Both sides need to work together, but that hasn't been possible since Obama started his spiel blaming only the pubs and Bush.
I'm off my soapbox for now.
About that O spiel blaming only pubs and W thingy. - Cite sources please.
[ In Reply To ..]What I want to see is direct quotes from O himself, not his supporters, making these statements.
Actually, the Bush economy was going well until - Dems took control of Congress with 2 years left.
[ In Reply To ..]That, of course, happened because of the problems with the war, which I do understand. However, get your head out of the sand! Obama is tripling the debt, NOT creating jobs, making a disaster of our healthcare system, and instead of bringing the country together and uniting the people, we now have probably a bigger racial divide than ever. HE makes it all worse! We need a leader. He sure isnt THE ONE. And, at this point, I am in the majority, so wake up!
actually - head not in sand
[ In Reply To ..]Excuse me, whose head is in the sand. I suppose you think George Bush was a leader. Please don't make me laugh and fall off my chair.
1. You understand the war! I'm glad you do because I don't. We were bombed by a terrorist from Afghanistan. We went over to take him out. George Bush decided to play army and invade a country that had nothing to do with the 911 attacks. I'm sure you still think there are weapons of mass destruction out there in Iraq. If anyone remembers the show Fridays, George Bush reminds me of the guy who used to play army out in the yard. He dragged us into a war that we are losing men and women to every day for nothing. I do not think Hussein was a good guy or anything, but we had no business invading that country. While that was going on, we completely forgot about Osama and turned all focus on Georgie's personal war. That war was all that he focused on while in office. In the meantime, the Taliban is alive and well in Afghanistan and the Obama administration took it back to where it began, but of course we are so far into Iraq now, we can't just pull out.
2. Healthcare. At least Obama has addressed the issue. Georgie did not seem to care about the health of the American Citizens. I never once heard him even propose anything regarding healthcare. Yes, it will cost some wealthy Americans a few bucks more a year, but it will help people that need help. I had no health care and was working 2 and 3 jobs just to keep a roof over my head, but could not go to the doctor. Is the healthcare plan perfect. Why no. But none of the pubs want to help out in putting something better together, they just want to put Obama down and scare the public so they can take over. My Dad told me Obama wants to take away his Medicare. I saw that there would be increases in healthcare for seniors. Maybe it is not a great increase, but at least something. I saw that it would remove the illegal aliens from the healthcare system. Do you think they should keep it. Is it perfect, no, but it is better than nothing. If I made 250,000 a year or more, I certainly would not mind a little tax increase to help the less fortunate. There also needs to be something done about people on welfare popping babies out just to get more money and too lazy to work. That needs to be stopped.
3. The corporate bailouts were started during the Bush Administration, if you get your head out of the sand. The Obama Adminstration was stuck with that one. Personally, I would have let GM go under.
4. I just want to say that I am not a republican or a democrat. I try to vote for the better man. Yes, all politicians are crooks and I just pick the lesser of two evils. Frankly, the thought of Sarah Palin being in power scares the heck out of me. I have read on here many times about "poor Sarah." Give me a break. You would feel comfortable with a woman partly running our country who could not even finish out a term as governor!
4. Obama is trying to push alternative energy. Good for him. Maybe when all the oceans are full of oil and gas prices are as high as healthcare costs, then you might think of alternative energy. Frankly, I love my planet and we need to take care of it, and having the country run by former oil barons, like the Bush family, are certainly going to want to "Drill baby, drill", and not take care of our planet.
You do not have to worry about our grandchildren paying our debts, if things keep going the way they are, our grandchildren will not survive to pay the debt.
I think you need to wake up!
OMG. you truly live in la-la land, dont you? nm - GetReal
[ In Reply To ..]nm
LALA Land - not
[ In Reply To ..]Nope, I live on planet Earth (while it is still here), where do you live?
You are so fixed on the past. We need to worry about - candle-lite
[ In Reply To ..]what is happening at the moment. The policies being put into place at present are going to kill our future. Deal with it, and why dont you spend your energy on that instead of going backwards?
fixed - no
[ In Reply To ..]I am fixed on the future and not the past. It's like if you adopt a child that has a lot of problems, you can't fix their problems overnight. It takes time! This child had a huge problem before Obama adopted it and it takes time to fix it. I'm just merely pointing out that Obama did not create the problem child, Bush did, and people need to stop blaming the problem on the wrong person. The debt is so high because the Bush administration left office with the largest deficit in history and it won't get fixed overnight.
Well, then speaking of the past, you remember when - Bush tried to warn Dems about
[ In Reply To ..]Fannie and Freddie, and your friend Barney and others said there was no problem? How about that issue? ..and why is it okay that Obama try to FIX this by spending trillions more that we dont have? So far, he has made it worse, not better. You cannot see??
bush - sm
[ In Reply To ..]Why didn't GI Joe get the problem fixed when he saw it coming? Because he was too busy playing army.
If Georgie had been paying attention to our country, Obama wouldn't have to be trying to fix things. Why did Georgie start out with a surplus and put us so far into debt that we will never get out?
WRONG AGAIN! The dems in control stopped him!.-and - NoNonsense
[ In Reply To ..]Obama is fixing nothing -only creating more problems and more debt. Thanks Mr. President.
They danced to Ws tune on stimulus, funding, the economy - which I am sure they lived to regret.
[ In Reply To ..]You seem to be a tad uninformed.
You have no clue... must be an Obama fan.nm - GoodDay
[ In Reply To ..]nm
Not really. Just a fan of informed commentary. - Check out the Congressional voting record
[ In Reply To ..]on the issues in question, then get back with us on that.
Well, apparently the majority of Americans have - little faith in Obama either.
[ In Reply To ..]His numbers continue to drop. I guess when nothing you do seems to pan out, people start to lose confidence in your magic inspiring junk.
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