LIBERALS what is this obsession with the past? and debt?

[JRK]

Reagan, GHW Bush and GW Bush together are responsible for a 61.4% increase in the debt/GDP ratio, while Clinton and Obama (2010) combined account for -0.7%.

I copied that from another thread
WHAT?

Obama is failing
Clinton's debt had a GOP congress
close to 1/2 of the debt RR and GWB are being accounted for is interest on debt inherited
as well as BHO

MY GOD LIBS GET A GRIP

UE is out of control and our president has spent trillions we do not have to get us here
we where fighting 2 wars in 2007 and was within 162 billion dollars of breaking even (WITHOUT ACCUMULATED INTEREST FROM THE PAST 200+ YEARS)
Today we are fighting one and we cannot even get within 1 trillion dollars of that

ITS POLICY
its not GWB
its not RR
it has nothing to do with the GOP congress that balanced the Budget with BC in the 90s

 

[Greenbeard]

it has nothing to do with the GOP congress that balanced the Budget with BC in the 90s

Three major deficit-reducing budgets were produced in the '90s that put us on track for a surplus by the end of the decade.

One of those was produced by a Republican Congress, the Balanced Budget Act of 1997. Unfortunately, that's the one that fizzled out and didn't actually reach its deficit-reducing potential.

Looking back at the CBO's analysis of the Republican's Balanced Budget Act in 1997, the deficit impact at the end of the '90s/beginning of the '00s was supposed to be:

• FY98: Net increase in the deficit of $200 million
• FY99: $12.6 billion in deficit reduction
• FY00: $35 billion in deficit reduction (note that some of the Medicare cuts that were to account for this reduction were eliminated by the Balanced Budget Refinement Act of 1999)
• FY01: $18.2 billion in deficit reduction

This, by the way, is why the graph in that CRS report shows the BBA having very little impact on the deficit until after Year Four of its implementation: the large-scale deficit reductions weren't scheduled to begin until after FY01. As you may recall FY98 was the first year of the surplus, despite the fact that the BBA was adding to the deficit at that point.

In reality, the large deficit reductions in the BBA were scheduled to start taking place in FY02 and thereafter (two-thirds of which was to come from cuts to federal health spending in FY02 and virtually all of which was to come from those sources in subsequent years). Of course, Congress began overriding those Medicare cuts manually in 2003 and has been doing so ever since--the "doc fix" to cope with the BBA's broken SGR formula that we're still stuck with today.

 

[rightwinger]

Obsession with the past?

Is that like the obsession to return America to 1776 Colonial times?

 

[rdean]

Normal people learn from past mistakes.

Right wingers rewrite history so their mistakes are the fault of "others".

 

[Sallow]

So you are telling New Yorkers to get over 9/11?

No thanks. We will all hate Al Qaeda and thank Obama for killing the son of a bitch that ran the operation until the day we die.

Even though Conservatives are against that.

 

[Truthmatters]

Obsession with the past?


Now they hate history.

They hate science.

They hate scientists

They hate the definitions of words

They hate teachers

They hate economics


Is there any field of study you dont hate OP?

 

[rdean]

Obsession with the past?


Now they hate history.

They hate science.

They hate scientists

They hate the definitions of words

They hate teachers

They hate economics


Is there any field of study you dont hate OP?

They love calling the president "boy" in one form or another. See? They don't hate everything.

 

[NYcarbineer]

Reagan, GHW Bush and GW Bush together are responsible for a 61.4% increase in the debt/GDP ratio, while Clinton and Obama (2010) combined account for -0.7%.

I copied that from another thread
WHAT?

Obama is failing
Clinton's debt had a GOP congress
close to 1/2 of the debt RR and GWB are being accounted for is interest on debt inherited
as well as BHO

MY GOD LIBS GET A GRIP

UE is out of control and our president has spent trillions we do not have to get us here
we where fighting 2 wars in 2007 and was within 162 billion dollars of breaking even (WITHOUT ACCUMULATED INTEREST FROM THE PAST 200+ YEARS)
Today we are fighting one and we cannot even get within 1 trillion dollars of that

ITS POLICY
its not GWB
its not RR
it has nothing to do with the GOP congress that balanced the Budget with BC in the 90s

Would you like a reminder of how many threads you have started about Bush and Reagan?

 

[Truthmatters]

Calling on people to forget the past is one of the more evil things I think I have ever seen proffered by a party.

 

[JRK]

Normal people learn from past mistakes.

Right wingers rewrite history so their mistakes are the fault of "others".

R dean the Debt that RR and GWB accumulated did allot of good during the 16 years they where in ofice
The only mistakes we can see is having debt with 0 results

 

[JRK]

Reagan, GHW Bush and GW Bush together are responsible for a 61.4% increase in the debt/GDP ratio, while Clinton and Obama (2010) combined account for -0.7%.

I copied that from another thread
WHAT?

Obama is failing
Clinton's debt had a GOP congress
close to 1/2 of the debt RR and GWB are being accounted for is interest on debt inherited
as well as BHO

MY GOD LIBS GET A GRIP

UE is out of control and our president has spent trillions we do not have to get us here
we where fighting 2 wars in 2007 and was within 162 billion dollars of breaking even (WITHOUT ACCUMULATED INTEREST FROM THE PAST 200+ YEARS)
Today we are fighting one and we cannot even get within 1 trillion dollars of that

ITS POLICY
its not GWB
its not RR
it has nothing to do with the GOP congress that balanced the Budget with BC in the 90s

Would you like a reminder of how many threads you have started about Bush and Reagan?

There comes a point and time in which you get caught in a trap trying to fend off the very lies and out of context information that got Obama elected to begin with
It was and has been in defense of 16 pretty damn good years that the left somehow thinks it is worse than what we have had the last 30 months

It has become apparent to many of us you, the left have become desperate and all you have left is the past

 

[rdean]

Normal people learn from past mistakes.

Right wingers rewrite history so their mistakes are the fault of "others".

R dean the Debt that RR and GWB accumulated did allot of good during the 16 years they where in ofice
The only mistakes we can see is having debt with 0 results

You really believe such nonsense? Seriously?

 

[NYcarbineer]

So you are telling New Yorkers to get over 9/11?

No thanks. We will all hate Al Qaeda and thank Obama for killing the son of a bitch that ran the operation until the day we die.

Even though Conservatives are against that.

No actually if you look at JRK's thread history he has one accusing liberals of forgetting 9/11.

 

[waltky]

Bernanke throws up his hands...

Federal deficit tops $1T for third straight year
10 Aug.`11 WASHINGTON (AP) — The nation's budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress a long-term plan to shrink the growing imbalance.

The Treasury Department says the deficit through July totals $1.1 trillion. Three years ago, that would have been a record high for the full year.

This year's deficit is on pace to exceed last year's imbalance of $1.29 trillion but fall short of the record $1.41 trillion set in 2009.

Record deficits have prompted President Obama and Congress to create a 12-member committee of lawmakers tasked with reducing the imbalance over the next decade by $1.2 trillion. If the panel splits and cannot agree on a plan, severe across-the-board spending cuts would go into effect automatically.

Source

See also:

Bernanke has thrown in towel on economy
August 10, 2011: Federal Reserve chairman Ben Bernanke looks how the market feels. Worries are growing about the global economy and the Fed's pledge to keep rates low until 2013 did little to calm investors.

Is the Federal Reserve waving the white surrender flag? It sure looks that way. The Fed made the unusual (and unprecedented) move on Tuesday to tell the market in plain English that it intends to keep rates near zero for the next two years! That is disappointing on many levels. First and foremost, it is a crystal clear sign from Ben Bernanke and other Fed members that they think the economic recovery (if one could still call it that) will remain tepid for a long time.

That is probably one of the reasons that the post-Fed euphoria on Tuesday afternoon on Wall Street quickly gave way to despair again on Wednesday. This is not good. The Great Recession may have technically ended in June 2009. But for many Americans, this current malaise is just an extension of the problems that first began to surface in 2007. Lost Decade anyone?

Yes, that's a Japan reference. And it's sadly apt. The Fed, by pledging to leave short-term rates "exceptionally low" for what will eventually amount to a four-and-a-half-year stretch, is essentially guaranteeing that long-term bond rates will remain persistently low -- just like in Japan.

The yield on the 10-year Treasury is at about 2.13%. Yields actually briefly touched the all-time low from December 2008 of 2.03% on Tuesday after the Fed announcement before bouncing back. Would it be any surprise if the 10-year soon had a 1 handle on it like there is for Japan's 10-year bonds? That would be extremely troubling. The time to emulate Japan's economy was in the 1980s. Not now.

MORE

 

[JRK]

Normal people learn from past mistakes.

Right wingers rewrite history so their mistakes are the fault of "others".

R dean the Debt that RR and GWB accumulated did allot of good during the 16 years they where in ofice
The only mistakes we can see is having debt with 0 results

You really believe such nonsense? Seriously?

It happens to be true
This economic boom lasted 92 months without a recession, from November 1982 to July 1990, the longest period of sustained growth during peacetime and the second-longest period of sustained growth in U.S. history. The growth in the economy lasted more than twice as long as the average period of expansions since World War II.10
The American economy grew by about one-third in real inflation-adjusted terms. This was the equivalent of adding the entire economy of East and West Germany or two-thirds of Japan's economy to the U.S. economy.11
From 1950 to 1973, real economic growth in the U.S. economy averaged 3.6 percent per year. From 1973 to 1982, it averaged only 1.6 percent. The Reagan economic boom restored the more usual growth rate as the economy averaged 3.5 percent in real growth from the beginning of 1983 to the end of 1990.12
The Real Reagan Economic Record: Responsible and Successful Fiscal Policy

1980...... 90,528 74,154 24,263 1,077 4,454 18,733
1981...... 91,289 75,109 24,118 1,180 4,304 18,634
1982...... 89,677 73,695 22,550 1,163 4,024 17,363
1983...... 90,280 74,269 22,110 997 4,065 17,048
1984...... 94,530 78,371 23,435 1,014 4,501 17,920
1985...... 97,511 80,978 23,585 974 4,793 17,819
1986...... 99,474 82,636 23,318 829 4,937 17,552
1987...... 102,088 84,932 23,470 771 5,090 17,609
1988...... 105,345 87,806 23,909 770 5,233 17,906
1989...... 108,014 90,087 24,045 750 5,309 17,985

1990...... 109,487 91,072 23,723 765 5,263 17,695
1991...... 108,375 89,829 22,588 739 4,780 17,068
1992...... 108,726 89,940 22,095 689 4,608 16,799
1993...... 110,844 91,855 22,219 666 4,779 16,774
1994...... 114,291 95,016 22,774 659 5,095 17,020
1995...... 117,298 97,865 23,156 641 5,274 17,241
1996...... 119,708 100,169 23,409 637 5,536 17,237
1997...... 122,776 103,113 23,886 654 5,813 17,419
1998...... 125,930 106,021 24,354 645 6,149 17,560
1999...... 128,993 108,686 24,465 598 6,545 17,322

2000...... 131,785 110,995 24,649 599 6,787 17,263
2001...... 131,826 110,708 23,873 606 6,826 16,441
2002...... 130,341 108,828 22,557 583 6,716 15,259
2003...... 129,999 108,416 21,816 572 6,735 14,510
2004...... 131,435 109,814 21,882 591 6,976 14,315
2005...... 133,703 111,899 22,190 628 7,336 14,226
2006...... 136,086 114,113 22,531 684 7,691 14,155
2007...... 137,598 115,380 22,233 724 7,630 13,879
2008...... 136,790 114,281 21,334 767 7,162 13,406

now you want to compare those 16 years with what?
what the GOP congress did in the mid to late 90s?