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OKT 11727989Right, isn't it just freaking crazy to take into account reduced revenues and a faltering economy?
Reduced Revenues were the result of the 2007 through 2009 huge recession. That just happened to follow a perious of Tax Cuts and borrowing to fight a war. It was unprecedented in US history to cut taxes for the wealthy while fighting a major war.
Something is definitely wrong since the economy 'now' is not 'faltering' for top income earners and property owners. It is faltering for the middle class. The fix needs to be directed to getting more spendable income into middle class bank accounts. It is not happening by easing the upper bracket taxpayers' burden and hoping for the trickle down theory to work. It's Republicans that are blocking any alternatives to Trickle Down that need to be tried.
The CBO has also projected that repealing the ACA will increase the Federal deficit. But conservatives ignore the CBO when they make projections such as that.
. debt raising by the trillions
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Barack Obama: Added $6.167 trillion, a 53% increase to the $11.657 trillion debt level attributable to President Bush at the end of his last budget, FY 2009.
George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
. debt raising by the trillions
At least Obama won't increase the debt at the rate that Bush did. Bush: 101% increase. Obama: 53% Increase thus far. And Obama had to start dealing with the Great Bush Recession shedding nearly a million jobs a month.
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Barack Obama: Added $6.167 trillion, a 53% increase to the $11.657 trillion debt level attributable to President Bush at the end of his last budget, FY 2009.
George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
And Bush started with yearly Budget surpluses that Clinton left him for the best start a modern president could have,
. debt raising by the trillions
At least Obama won't increase the debt at the rate that Bush did. Bush: 101% increase. Obama: 53% Increase thus far. And Obama had to start dealing with the Great Bush Recession shedding nearly a million jobs a month.
.
Barack Obama: Added $6.167 trillion, a 53% increase to the $11.657 trillion debt level attributable to President Bush at the end of his last budget, FY 2009.
George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
And Bush started with yearly Budget surpluses that Clinton left him for the best start a modern president could have,
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
National Debt has increased more under Obama than under Bush - CBS News
.
George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
.
The White House and CBO figures each show that in 2009 the deficit reached $1.4 trillion.
As a share of GDP, it easily topped any year since World War II, said Steve
Ellis, vice president of the nonpartisan Taxpayers for Common Sense.
By the end of fiscal year 2013, the deficit figure had fallen to $679.5 billion in dollars unadjusted for inflation.
That’s a 52 percent drop.
i can't find the transcript of Obama's attempt to explain the affects of the Greek default to the ignorant American voter...but in searching I came across this link from his remarks on the same subject...three years ago. It's Europes problem to solve for sure...but they won't be looking to Obama for advice...or leadership.
TRANSCRIPT President Obama s remarks on Greece and the European crisis - Hellenic American Leadership CouncilHellenic American Leadership Council
Greeks were known for anal penetration of young boys back in the day...Barack be down wid dat, yo....i can't find the transcript of Obama's attempt to explain the affects of the Greek default to the ignorant American voter...but in searching I came across this link from his remarks on the same subject...three years ago. It's Europes problem to solve for sure...but they won't be looking to Obama for advice...or leadership.
TRANSCRIPT President Obama s remarks on Greece and the European crisis - Hellenic American Leadership CouncilHellenic American Leadership Council
Obama needs to invade Greece
That is what Bush would do
. Foo, BBbuuuuttttt Bush no longer works. YOUR president is a god damn disaster. A fuck up.
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Jobs & Unemployment
Now that 2014 has gone on the books as the best year for employment growth in 15 years, the official figures show that the U.S. had 6,371,000 more people employed in December than it did when Obama took office in 2009. So during Obama’s first six years in office, the U.S. has added nearly five times more jobs than it did during the entire eight years under President George W. Bush. (Bush’s total was just under 1.3 million.)
Bush’s record suffered from a loss of nearly 4.4 million jobs in the last 12 months of his presidency, and we can’t say what the last two years of Obama’s tenure will bring.
The official unemployment rate has now dipped to 5.6 percent, which is 2.2 percentage points below where it was when Obama first took office. It is not only the lowest jobless rate in six years — it is slightly better than the historical average. Since 1948, the monthly jobless rate has averaged 5.8 percent.
