CHART: Who Really Caused The Deficit?

[Contumacious]

Its how the right operates.

Actually, the fuck up was bipartisan.

Both parties adopted the Federal Reserve Board and celebrated when SCOTUS NATIONALIZED our gold and destroyed private contracts.

.

 

[CrusaderFrank]

Its how the right operates.

they fuck things up and then blame the dem that gets elected after them for the entire mess and the cost of cleaning it up.

The policies they push help the wealthy but fuck the country up.

So eventually a dem gets office.

Then they give all the blame for their messes to the dems.

Then about the time the Dem policies start cleaning up the mess they scream its not working FAST enough.

then they get elected and take the credit for the results the Dems created and start the process over again.

Its been going on for decades.

Its why they have to cheat in elections to win.

Obama, Biden, Krugman and Corzine say deficits are good and stimulate the economy

Why do you hate the economy?

 

[bigrebnc1775]

Its how the right operates.

they fuck things up and then blame the dem that gets elected after them for the entire mess and the cost of cleaning it up.

The policies they push help the wealthy but fuck the country up.

So eventually a dem gets office.

Then they give all the blame for their messes to the dems.

Then about the time the Dem policies start cleaning up the mess they scream its not working FAST enough.

then they get elected and take the credit for the results the Dems created and start the process over again.

Its been going on for decades.

Its why they have to cheat in elections to win.

Obama, Biden, Krugman and Corzine say deficits are good and stimulate the economy

Why do you hate the economy?

Didn't they also say unemployment is the fastest way to stimulate the economy?

 

[zeke]

After having been told that I was wrong, I checked. I was wrong.

Tricky Dick Cheney WAS alluding to the fact the Ronnie Raygun EXPLODED the deficit and it didn't seem to matter to a single soul in America, Ronnie was re elected.

George Bush, under the guidance of Cheney "deficits don't matter" policy made an effort to bankrupt the country by giving away whatever they could to get re elected. Plus a war of choice. Deficits really didn't matter when Bush was the MAN.

So I am wrong in context and rethugs are wrong in policies. The deficit spending under both Reagan and Bush II was devastating to the economy. Deficts do matter.

But to Rethugs they only matter when a Dem is in the WH. LIke now.

And if Mittens gets elected, he already plans a termendous increase in deficit spending. Who gets the blame then? The black guy does. He's a Dem.

Deficits don't matter IF a Rethug is in the WH. We all understand that. Hypocrites.

 

[Truthmatters]

yeah that idiotitc crap will really win you votes.

You cant jsut mindlessly insult people to win elections.

at some point you have to have ideas that are not proven failures throughout history

 

[Contumacious]

yeah that idiotitc crap will really win you votes.

Incorrect.

The ONLY crap that will really win a welfare/warfare state politician votes is

"I will do more to feed and provide you with shelter. So don't worry about anything, we are the good hands people"

.

 

[SniperFire]

After having been told that I was wrong, I checked. I was wrong.

Not only were you wrong, you said you 'listened' to Cheney say it. Which of course is a lie as it was a book quote of someone else quoting somebody.


It is one thing to be wrong.

It is another to be a lying sack of .... Obama.

 

[Truthmatters]

yeah that idiotitc crap will really win you votes.

Incorrect.

The ONLY crap that will really win a welfare/warfare state politician votes is

"I will do more to feed and provide you with shelter. So don't worry about anything, we are the good hands people"

.

BULLSHIT


our saftey net is in shambles you fucktard.

I know you HATE the American people and think they are all lazy fucks.

I dont hate the American peopel and think they are worth investing in.

Move if you hate us all so much

 

[healthmyths]

By Sahil Kapur

This week Republicans will attempt to move the national political conversation back to a familiar theme with a series of attacks on President Obama over the national debt. The GOP released a web video Monday bashing his “broken promises” on the deficit and previewed a major speech Tuesday by likely presidential nominee Mitt Romney on the issue.

Divorced from context, the numbers are uncomfortable for the President and are ready-made for pointed partisan attacks. Under Obama’s watch the national debt has risen from roughly $10 trillion to $15 trillion, a record high. But to what extent are his decisions while in office to blame? The answer: very little. The vast bulk of the debt is the result of policies enacted during the Bush administration coupled with automatic increases in federal spending and decreases in tax revenue triggered by the economic downturn.

Those are economic facts of life known to experts but that often gets lost in the political debate (and which Obama’s opponents are willing to obscure). So with the GOP’s push to return the deficit to the center of the political conversation, here’s quick reminder of the basic facts that you may have forgotten.

As the chart below reveals, the main drivers of projected deficits over the next decade are the wars of the oughts in Iraq and Afghanistan, the Bush tax cuts and the so-called “automatic stabilizers” — unemployment insurance spending, lower tax burdens — built into existing policy to combat economic downturns. Recovery measures by Bush and Obama caused a short-term spike in deficits but have mostly phased out and thus represent only modest fractions of the national debt.

The numbers, which come from the liberal-leaning Center on Budget and Policy Priorities, assume national policy as of a year ago would be renewed. Thus, they don’t reflect expected peace dividends from the Iraq and Afghanistan wars, or revised economic growth projections, and it assumes the Bush tax cuts will be renewed in their entirety — something President Obama has vowed will not happen, after he accepted a two-year extension of all the rates late 2010. But they broadly demonstrate that existing debt and projected deficits aren’t largely a consequence of Obama initiatives.

Since just after Obama’s victory, and with greater fervor since reclaiming the House, Republicans have used deficits and debt (the aggregate of accumulating deficits) as cudgels to attack spending on social programs. But their calls for fiscal responsibility mask an agenda, enshrined in a number of GOP budget measures, that’s aimed at slashing spending on programs for the poor and elderly, increasing defense spending, and cutting taxes on the rich — a platform that would dramatically alter the scope and size of government services, but reduce deficits and debt slowly. Obama’s budget proposal is projected to yield lower deficits over the next decade than the GOP alternative.

After agreeing to significant cuts in domestic spending in several legislative deals last year, President Obama and Democrats have insisted that further efforts to improve the nation’s fiscal outlook include new revenues. The GOP has balked at this demand, and as a result, Congress has gridlocked and isn’t expected to resolve any significant tax and spending issues until after the November election.

Chart by TPM’s Clayton Ashley

How Bush-Fueled Deficits Continue To Haunt Obama (CHART) | TPMDC

I am constantly AMAZED at what IGNORANCE people like you exhibit!
Nearly $300 billion a year in LOST tax revenue from the following EVENTS that cost over
$8 Trillion to the economy and tax revenue!

Q1) What happened in 2000 that CAUSED $5 trillion in market LOSSES that continues to
A1) $5 trillion in market losses DUE to Clinton's DOT.COM Bust! Taxpayers in 2003 starting to reduce their TAX billing $266 billion a year!
Q2) What event in 9/11/01 that caused $2 trillion in losses...
A2) 9/11 cost $2 trillion and reducing another $66 billion from tax revenue.
Q3) I wonder what the people during the Worst hurricanes in history added $1 trillion or another $33 billion per year for next 30 years!
A3) Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing.
The effect on oil and gasoline prices was long-lasting.

The Top Financial Events that have Affected Business in this Decade

The Top 10 Financial Events of the Decade

 

[CrusaderFrank]

Its how the right operates.

they fuck things up and then blame the dem that gets elected after them for the entire mess and the cost of cleaning it up.

The policies they push help the wealthy but fuck the country up.

So eventually a dem gets office.

Then they give all the blame for their messes to the dems.

Then about the time the Dem policies start cleaning up the mess they scream its not working FAST enough.

then they get elected and take the credit for the results the Dems created and start the process over again.

Its been going on for decades.

Its why they have to cheat in elections to win.

Obama, Biden, Krugman and Corzine say deficits are good and stimulate the economy

Why do you hate the economy?

Didn't they also say unemployment is the fastest way to stimulate the economy?

They said unemployment stimulates the economy and the DNC said that the Dems own the economy

 

[CrusaderFrank]

Q. Are deficits good or bad for the economy?

Dems: Yes

 

[clevergirl]

 

[LogikAndReazon]

Barack Hussein coulda been an even better socialist president had it not been for Dubya...........

Theres always hope and change to wish for in 2012..............Are you in ??? lol

 

[healthmyths]

come on people!
Explain to me where the $8 trillion in losses DOESN'T cause lost Federal /State/local tax revenues???

 

[Jroc]

I'm always amazed the way these liberal idiots correlate directly dollar for dollar tax cuts adding to the deficit. Spending ads to the deficit not tax cuts. Tax cuts increases economic activity, and increase revenues to the government for the most part, or at the very least break even. We need tax reform not more taxes

It's equally amazing that you think cuts must always lead to increased economic activity and that activity must always lead to increased revenues.

SOMETIMES tax cuts can work as you describe, SOMETIMES they don't.

Oh and genius, true tax reform would close loopholes thus increasing taxes.

Thats what tax reform is idiot, Can't have reform without closing loopholes

 

[healthmyths]

NOT ONE of you FIRST recognize MUCH less the politicians that
1) Dot.com bust
2) 9/11
3) worst hurricanes
ALL events beyond man's control..
ARE the primary cause of the deficits!

When people recognize these realities THEN we can solve the problems!

 

[healthmyths]

$300 billion a year is being written off against taxable income folks!

And the solution is NOT spending more MONEY on studies of studies i.e. Pentagon.. or
sending $2 billion in aid to countries that hate us.. or the EPA that COST jobs!
ALL of the actions by Obama have CAUSED more problems!!!

 

[Gremlin-USA]

Economic Performance of Presidential Administrations

I believe your link to a Chart based on Stats from Bureau of Labor Statistics a lot more than the Lib posted charts from a bunch of hacks...

 

[Jroc]

with enough food stamps and unemployment we'll be in surplus..


[ame=http://www.youtube.com/watch?v=qv2cBjsbz7E]Nancy Pelosi: Foodstamps and Unemployment Insurance - YouTube[/ame]

 

[Luddly Neddite]

By Sahil Kapur

This week Republicans will attempt to move the national political conversation back to a familiar theme with a series of attacks on President Obama over the national debt. The GOP released a web video Monday bashing his “broken promises” on the deficit and previewed a major speech Tuesday by likely presidential nominee Mitt Romney on the issue.

Divorced from context, the numbers are uncomfortable for the President and are ready-made for pointed partisan attacks. Under Obama’s watch the national debt has risen from roughly $10 trillion to $15 trillion, a record high. But to what extent are his decisions while in office to blame? The answer: very little. The vast bulk of the debt is the result of policies enacted during the Bush administration coupled with automatic increases in federal spending and decreases in tax revenue triggered by the economic downturn.

Those are economic facts of life known to experts but that often gets lost in the political debate (and which Obama’s opponents are willing to obscure). So with the GOP’s push to return the deficit to the center of the political conversation, here’s quick reminder of the basic facts that you may have forgotten.

As the chart below reveals, the main drivers of projected deficits over the next decade are the wars of the oughts in Iraq and Afghanistan, the Bush tax cuts and the so-called “automatic stabilizers” — unemployment insurance spending, lower tax burdens — built into existing policy to combat economic downturns. Recovery measures by Bush and Obama caused a short-term spike in deficits but have mostly phased out and thus represent only modest fractions of the national debt.

The numbers, which come from the liberal-leaning Center on Budget and Policy Priorities, assume national policy as of a year ago would be renewed. Thus, they don’t reflect expected peace dividends from the Iraq and Afghanistan wars, or revised economic growth projections, and it assumes the Bush tax cuts will be renewed in their entirety — something President Obama has vowed will not happen, after he accepted a two-year extension of all the rates late 2010. But they broadly demonstrate that existing debt and projected deficits aren’t largely a consequence of Obama initiatives.

Since just after Obama’s victory, and with greater fervor since reclaiming the House, Republicans have used deficits and debt (the aggregate of accumulating deficits) as cudgels to attack spending on social programs. But their calls for fiscal responsibility mask an agenda, enshrined in a number of GOP budget measures, that’s aimed at slashing spending on programs for the poor and elderly, increasing defense spending, and cutting taxes on the rich — a platform that would dramatically alter the scope and size of government services, but reduce deficits and debt slowly. Obama’s budget proposal is projected to yield lower deficits over the next decade than the GOP alternative.

After agreeing to significant cuts in domestic spending in several legislative deals last year, President Obama and Democrats have insisted that further efforts to improve the nation’s fiscal outlook include new revenues. The GOP has balked at this demand, and as a result, Congress has gridlocked and isn’t expected to resolve any significant tax and spending issues until after the November election.

Chart by TPM’s Clayton Ashley

How Bush-Fueled Deficits Continue To Haunt Obama (CHART) | TPMDC

Oh there you go again with those inconvenient FACTS.

Funny how the R can look at that and say we should give more tax cuts to the one percent and, incredibly, cut things like Head Start and Meals On Wheels "to pay for IT".

The lying anti-America pubs got our Triple A rating downgraded with their blackmail and now they are going to break their word and do it again.

The president is having a lunch to discuss compromise. I just hope he doesn't let them hold the country hostage again.