Flashback-Obama vows to cut huge deficit in half

Discussion in 'Politics' started by Stephanie, Sep 26, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    :eusa_shhh:

    SNIP"
    By MIKE ALLEN | 2/22/09 6:58 AM EDT





    President Obama will announce Monday that he plans to cut the nation’s projected annual deficit in half by the end of his first term, a senior administration official said Saturday.

    The plan will make explicit what Obama officials have been suggesting for months: Contrary to his campaign promise, Obama will allow the Bush tax cuts on the wealthiest Americans expire as scheduled at the end of 2010 instead of seeking their repeal sooner. Officials determined that seeking to raise the taxes earlier during a recession was a bad idea, advisers said.


    Obama, who will speak Monday to a Fiscal Responsibility Summit at the White House, also will outline steps he is taking to eliminate what his staff calls “accounting gimmicks” used by previous administrations.

    “This budget actually is going to assume that there will be a hurricane, tornado, earthquake, flood or manmade disaster in the United States in fiscal year 2010, and each year going forward 10 years,” the official said. “The Bush budget never assumed that.”

    Under White House projections, this year’s inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term.

    “So we’ll cut it at least in half,” the official said.


    Read more: Obama vows to cut huge deficit in half - Mike Allen - POLITICO.com
     
  2. Matthew
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    Matthew Blue dog all the way!

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    6 trillion dollars within his first term. LOL.
     
  3. Oldguy
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    Oldguy Senior Member

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    He might have been able to do that, had the Republican's highest priority been the welfare of the nation, rather than their own re-election.

    Obama inherited a house on fire. A still collapsing economy and 2 wars. That was unprecedented as NO President in our history has been confronted with such a mix of mayhem on his first day.

    He's actually done a pretty job of preventing catastrophe, considering that as he's battled the blazes set by the Bush administration, the GOP has been running around behind him cutting hoses at every opportunity.

    And now...they want us to turn the job over to them. That's like hiring the town arsonist to be the fire chief.
     
  4. Stephanie
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    Stephanie Diamond Member Supporting Member

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    OH DAMN, that poor Obama he could manage to get passed OBAMACARE (against the will OF THE PEOPLE) but those damn Republicans prevented him from DOING MORE..

    those evil bastards....:lol:
     
    Last edited: Sep 26, 2012
  5. chikenwing
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    chikenwing Guest

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    Or it just could have been the time spent on a very unpopular healthcare law??

    He had all the branches for the 1st 2 years?? so how does that reflect on the Repubs??

    Convenient memory loss??
     
  6. chikenwing
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    chikenwing Guest

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    Obama inherited a house on fire. A still collapsing economy and 2 wars. That was unprecedented as NO President in our history has been confronted with such a mix of mayhem on his first day.

    Harry Truman ?? ww2
     
  7. Stephanie
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    Stephanie Diamond Member Supporting Member

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    we are suppose to fweel sorry for Obama
     
  8. Skull Pilot
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    Skull Pilot Platinum Member

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    If Bam Bam repeats something enough we know the sheep will believe it to be gospel.
     
  9. Oldguy
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    Oldguy Senior Member

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    What was the second war? And, was the economy collapsing? (hint: No, it was booming because of that war).
     
  10. Oldguy
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    Oldguy Senior Member

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    No, of course not. But, give him credit for what he has been able to do.
     

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