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he made a deal to extend them [tax cuts]
"The president then added: You dont raise taxes in a recession. We havent raised taxes in a recession we have not proposed a tax hike for the wealthy that would take effect in the middle of a recession The last thing you want to do is to raise taxes in the middle of a recession.
Obozo is 100% confused about economics like any liberal.
He did indeed go along with extending them. With a repub house and a non filibuster proof senate, he made a deal to extend them in exchange for extending unemployment. Does not indicate that he or anyone wanted to do so. As you know, and would admit if you were honest. Instead of a mindless follower of the con dogma.Actually, it's the Bush tax cuts that caused the mess. Remember, they are years old. It's what Obama has done since Republicans tried to destroy the economy and turn over government to big business.
Yeah, he extended the Bush tax cuts...
he made a deal to extend them [tax cuts]
"The president then added: “You don’t raise taxes in a recession. We haven’t raised taxes in a recession… we have not proposed a tax hike for the wealthy that would take effect in the middle of a recession… The last thing you want to do is to raise taxes in the middle of a recession.”
Obozo is 100% confused about economics like any liberal.
Settle down big boy!
The way to get others to come around to your point of view is not through confrontation but by asking pertinent questions of them w/o the usual polarizing talking points coming up.
It is much more difficult, I of all ppl know.
Great! That means the Bush Tax cuts are working and that we don't need to increase taxes on anyone!
Thanks dean!
Actually, it's the Bush tax cuts that caused the mess. Remember, they are years old. It's what Obama has done since Republicans tried to destroy the economy and turn over government to big business.
Yeah, he extended the Bush tax cuts...
he made a deal to extend them [tax cuts]
"The president then added: You dont raise taxes in a recession. We havent raised taxes in a recession we have not proposed a tax hike for the wealthy that would take effect in the middle of a recession The last thing you want to do is to raise taxes in the middle of a recession.
Obozo is 100% confused about economics like any liberal.
They didn't want to work with him..they wanted him out.
when in history has the con approch EVER produced what you always claim it will produce.
someday you will have to face facts that your ideas are historically failed ideas
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff - Investors.com
Republicans were wrong about Romney, wrong about economics, wrong about health care, wrong about Iraq, wrong. Just "wrong". Notice the line at the far right. Every line above zero is the deficit shrinking. I wonder who was in office the years when the deficit was shrinking?
Better yet, after the health care bill goes into full effect, only 19 million won't be covered and a third of them are illegal immigrants. The CBO says we will see major savings after 20 years.
This information is coming from "Investor's Business Daily", not some extreme site. But you can bet, because this information isn't showing up on Fox, these USMB right wingers will call it all "lies". At least we all know they have no proof that says otherwise. Except what comes from the Heritage Foundation, a group that is always wrong. There goes that word again:
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff - Investors.com
Republicans were wrong about Romney, wrong about economics, wrong about health care, wrong about Iraq, wrong. Just "wrong". Notice the line at the far right. Every line above zero is the deficit shrinking. I wonder who was in office the years when the deficit was shrinking?
Better yet, after the health care bill goes into full effect, only 19 million won't be covered and a third of them are illegal immigrants. The CBO says we will see major savings after 20 years.
This information is coming from "Investor's Business Daily", not some extreme site. But you can bet, because this information isn't showing up on Fox, these USMB right wingers will call it all "lies". At least we all know they have no proof that says otherwise. Except what comes from the Heritage Foundation, a group that is always wrong. There goes that word again:
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
Now we're supposed to celebrate a 7.0% deficit? LOL!
Talk about lowering the bar.
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff - Investors.com
Republicans were wrong about Romney, wrong about economics, wrong about health care, wrong about Iraq, wrong. Just "wrong". Notice the line at the far right. Every line above zero is the deficit shrinking. I wonder who was in office the years when the deficit was shrinking?
Better yet, after the health care bill goes into full effect, only 19 million won't be covered and a third of them are illegal immigrants. The CBO says we will see major savings after 20 years.
This information is coming from "Investor's Business Daily", not some extreme site. But you can bet, because this information isn't showing up on Fox, these USMB right wingers will call it all "lies". At least we all know they have no proof that says otherwise. Except what comes from the Heritage Foundation, a group that is always wrong. There goes that word again:
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff - Investors.com
Republicans were wrong about Romney, wrong about economics, wrong about health care, wrong about Iraq, wrong. Just "wrong". Notice the line at the far right. Every line above zero is the deficit shrinking. I wonder who was in office the years when the deficit was shrinking?
Better yet, after the health care bill goes into full effect, only 19 million won't be covered and a third of them are illegal immigrants. The CBO says we will see major savings after 20 years.
This information is coming from "Investor's Business Daily", not some extreme site. But you can bet, because this information isn't showing up on Fox, these USMB right wingers will call it all "lies". At least we all know they have no proof that says otherwise. Except what comes from the Heritage Foundation, a group that is always wrong. There goes that word again:
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
Now we're supposed to celebrate a 7.0% deficit? LOL!
Talk about lowering the bar.
No we are not Todd, we are supposed to see the trend.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Still though, wanna talk about the Corps of Engineers budget? I would love to cut it some.
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
Now we're supposed to celebrate a 7.0% deficit? LOL!
Talk about lowering the bar.
No we are not Todd, we are supposed to see the trend.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Still though, wanna talk about the Corps of Engineers budget? I would love to cut it some.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Why would a big cut in spending cause the dollar to fall?
No we are not Todd, we are supposed to see the trend.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Still though, wanna talk about the Corps of Engineers budget? I would love to cut it some.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Why would a big cut in spending cause the dollar to fall?
Because suddenly we woukd not have a military, would be seen as being in panic mode, or would have xx% unemployment.
I am not against spending cuts or tax inceases. Just all things in moderation.
Too big of a cut in expenditures or increase in taxes is bad for stability. Leads to mistrust and a further falling dollar.
Why would a big cut in spending cause the dollar to fall?
Because suddenly we woukd not have a military, would be seen as being in panic mode, or would have xx% unemployment.
I am not against spending cuts or tax inceases. Just all things in moderation.
Because suddenly we woukd not have a military
We can cut spending back to 2007 levels and still have a military.
So why would that cause the dollar to fall?
This is a scary world we live in but you're right, we hopefully don't need as much of a standing army.
This is a scary world we live in but you're right, we hopefully don't need as much of a standing army.
actually we could not take and hold Iraq so perhaps doubling it would be more appropriate.
This is a scary world we live in but you're right, we hopefully don't need as much of a standing army.
actually we could not take and hold Iraq so perhaps doubling it would be more appropriate.
Interesting. In what sense did we not hold it?
Do you want a larger or smaller military?
My personal opinion is the tax cuts raised the deficit and marginally helped the economy. Same theory as the slow stimulus. The construction company next to us is STILL installing solar panels.
In this world of percentages I am always wondering if the xxxx lowered unemployment by x.x% and then what percentage of my taxes are going to pay the Reagan debt.
They didn't help the economy at all, quite the opposite. They created a housing bubble.
