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By that logic George Bush added nothing to the deficit because it was caused by Social Security - which was the brainchild of leftist socialist FDR - and Medicare/Medicaid which can be laid at the feet of Johnson, another leftist Democrat. Those two elements account for the entire deficit of Bush's years - even discounting the elements Bush added with part D. Thus the entire fault is the Democrats.The National Deficit estimate for this year has now been reduced to 1.3 Trillion dollars.
That figure was 1.2 Trillion on January 7th of this year, before Obama even took office.
Which means that Obama has added a grand total of 100 Billion dollars to the deficit so far this year.
So... You paid some extra taxes for it then?
You personally gave the banks some money, and now you're expecting a check?So far everyone has enjoyed lower taxes...starting way back under Dubya.
Well that's going to end when the Bush tax cuts expire in 2010.
Well, a few righties and an Anarchist (thanks Dude) joined in for a short while, but I see most of those on the boards on the right side of the fence mostly just want to stick to threads where they can parrot their talking points.
It's a shame that only the rare few will debate the actual facts at hand.
The National Deficit estimate for this year has now been reduced to 1.3 Trillion dollars.
That figure was 1.2 Trillion on January 7th of this year, before Obama even took office.
Which means that Obama has added a grand total of 100 Billion dollars to the deficit so far this year. An amount that is significantly smaller than the amount of money spent on stimulus so far this year, meaning that that the entire amount can be attributed to stimulus spending.
Other factors that are looking good:
- Unemployment has stopped rising and seems to even have decreased, from 10.2% to 10.0%. Contrast that to the Reagan administration, which had 2 1/2 Years of unemployment increases before the economy started recovering from the Carter recession, and it reached 10.4% at it's height.
- The bailouts are being recovered, almost in full, with only 42 Billion dollars lost so far, and more profits expected on the horizon to offset any additional losses, as opposed to the 700 Billion dollar figure that is much repeated by the right-wing talking heads.
- The housing market is making a recovery and home prices are on their way back up.
- Wall Street has recovered and is on it's way up in leaps and bounds, already 2000 points above what it was the day Obama was inaugurated.
- 3rd Quarter GDP was up by 2.8%, and is predicted to have another significant rise in the 4th quarter.
And this is just off the top of my head. There are many, many other factors that prove that the recovery has begun, contrary to all the prerdictions of the talking heads.
Talking Heads like Rush Limbaugh, for instance, who has continuously claimed that the recession has graduation to a full-blown depression.
Do right-wingers ever get tired of being wrong?
Ollie..don't burst poor LWC's bubble with facts....
LWC...When the fucking debt clock stops rising then you can shoot your mouth off...until then STFU.
Facts can be a bitch.
By that logic George Bush added nothing to the deficit because it was caused by Social Security - which was the brainchild of leftist socialist FDR - and Medicare/Medicaid which can be laid at the feet of Johnson, another leftist Democrat. Those two elements account for the entire deficit of Bush's years - even discounting the elements Bush added with part D. Thus the entire fault is the Democrats.
Hope you like being wrong.
Ollie..don't burst poor LWC's bubble with facts....
LWC...When the fucking debt clock stops rising then you can shoot your mouth off...until then STFU.
Facts can be a bitch.
How does that contradict anything that I've said?
Holy crap you make yourself look foolish.
You do realize the debt is going up still right? You realize that obama isn't Shrinking the national defecit but growing it at a rate even faster than Bushtard (who raised it almost 5 trillion in 8 years)? Not that 2009 is over yet so we dont know the number 100% but it looks like we will add over 2 trillion to the defecit this year under obama....how is that good?
I know I know its wiki and all but they have references for the data in this article.
Quick question
Are you saying that the deficit was 1.2 trillion last year and it is 1.3 trillion this year is a sign of celebration??
OK--what is the national debt!! If I recall, deficit is the yearly shortfall when spending outstrip revenue, so a trillion dollar deficit is deplorable!!
By that logic George Bush added nothing to the deficit because it was caused by Social Security - which was the brainchild of leftist socialist FDR - and Medicare/Medicaid which can be laid at the feet of Johnson, another leftist Democrat. Those two elements account for the entire deficit of Bush's years - even discounting the elements Bush added with part D. Thus the entire fault is the Democrats.
Hope you like being wrong.
Facts can be a bitch.
How does that contradict anything that I've said?
Maybe because the current deficit is nearly 1.5 Trillion and growing?
U.S. National Debt Clock : Real Time
I've often wondered how a number like 100 Billion gets inflated to 10 Trillion. It's interesting to hear from the people that rumors like this circulate among.
Finally, they want the president to FAIL.
Because people know you CON$ don't mean that. What CON$ really mean is they want Obama to fail by Americans losing their jobs and the American economy failing.Finally, they want the president to FAIL.
Only his liberal (most) policies that are destroying what this great country once was. Why is it so hard for liberals to understand the difference? Why would anyone want these policies/ideals that will surely put a hugh financial burden on our children and grandchildren? No one should be that partisan.
The political system works best with checks and balances so no matter which party has the presidency, the other side should have the senate. That way there is a balance and the corruption from both sides, is put in check.
If you think the politicians are truly working for our benefit and not their own power, you should keep up better. They want us to be divided as it takes the focus off of them.
Here's some great links.
First from the Wall Street Journal:
UPDATE: Chicago Fed Survey Sees US GDP Up 2.5% In 4Q 2010 - WSJ.com
And then from the NY Times:
http://www.nytimes.com/2009/12/07/business/07tarp.html?_r=1&ref=politics
How bout those apples?
massive year-end spending bill has cleared a key obstacle in the Senate.
By a 60-36 vote, the Senate has defeated a GOP procedural move that would have unraveled the $1.1 trillion measure. The bill bundles six spending bills into a more than 1,000-page behemoth.
The bill would finance 10 Cabinet-level agencies for the coming year and help fund the Medicare and Medicaid health care programs for the elderly and poor.
A vote to stop a Republican filibuster is scheduled for Saturday morning. Friday's vote demonstrates that Democrats will have the 60 votes needed do so.
The investment firm I work for froze new hiring, merit based raises, and performance bonuses in 2009. We just received notice yesterday that the partners decided to pay out a 2009 bonus to employees. We also learned that in 2010 new hiring will restart, merit based raises return, and the bonus pool will be fully funded.
Things are looking up here.
. I've been cranking out the work (not that the amount of time online would make you guys think that i'm busy but i'm really killing last years sales numbers)
