Obama is a joke... His new budget for 2012 i

[Oldstyle]

If you compare our GDP with our total debt, it's the equivalent of saying $150K vs $150K. Your $200K is a completely made up number.

And I gave you the quote from the report about the downgrade. It clearly says the downgrade is due to the controversy and policy debate and not the actual debt itself. Sure, if there was never any debt there would be no debate, but that's like me saying if you had never been born we wouldn't be talking now.

We're running TRILLION dollar deficits that are projected out for YEARS and you accuse me of making up numbers?

The "controversy" is about the deficit, Einstein! What part of that concept don't you grasp? The rating agency that downgraded us was looking for cuts to the size of the deficit. The Obama Administration didn't come even close to delivering them. We got downgraded. It really isn't a hard thing to understand.

Curious then, why didn't they say that?

They actually DID say that but you with your partisan blinders on can't see it. We got downgraded because the rating agency was convinced we didn't have the political will to get our deficit under control...and guess what? They were right. Guess what...we're probably going to get downgraded AGAIN because we still aren't addressing the deficit. The reality is that Obama "talks" a good game about raising taxes on the wealthy but he never did because he knew it would adversely affect the economy, Now he knows that the GOP controlled House won't vote for it so he's SAFE to say he wants it even though nothing has changed economically. So we won't be getting tax increases and we won't be getting cuts to entitlements but somehow we're supposed to shrink the deficit? How exactly is THAT happening? But you can't see THAT either because you believe the line of bullshit this guy has been feeding you for three solid years.

 

[Dr.Drock]

Not sure why you're talking about the Flintstones all of a sudden. Maybe it's past your nap time. Anyway ...

Tell your mother you've been talking with the nice people on the internet and then ask her to explain to you the difference between core inflation and the mandated by law increases in the Federal Budget.

Are all increases mandated?

If some increases are mandated, can't cuts be made elsewhere?

Why don't we demand budget surpluses from our politicians?

Why don't we demand government surpluses? Sure everyone thinks the government spends too much money and they want to see spending cut; that is spending that does not effect them. One in every 3 households receives some form of government support, Medicaid, food stamps, or welfare. If you include Social Security and Medicare it's well over 50%. Then there's corporate welfare, fat government contracts and tax loopholes that you could drive a truck through.

In other words people consider a good spending cut as one that does not effect them and a good tax cut is one they don't have to pay. If you want to know where the problem is, just look in mirror.

I can no longer look in the mirror, I want medicaid/food stamps/social security/welfare/medicare/no bid contracts done away with.

Both parties need to make huge cuts to the programs they support, but they won't, and we as voters won't demand they do it. We'll just side with one team that says the other team needs to change so my team can do what it wants.

 

[hortysir]

Why hasn't Obama ever had a budget passed?
1-Clinton did it with an opposing congress
2-Bush did it with an opposing congress
3-Obama had a super majority and STILL couldn't come up with one....he's a miserable failure.

Hammer?
Meet Nail!!!

 

[Sarah G]

Obama Budget Predicts $1.3T Deficit For 2012



Obama Budget Predicts $1.3T Deficit For 2012

Obama has offered to lower the deficit by as much as 4 trillion.

The deficit is $1.3 trillion. How the fuck is he going lower it $4 trillion.
He's instead going to raise the debt by $9 trillion over 10 years.

How did GW Bush lower it? Has any republican come up with anything resembling a plan? No, just rhetorical bullcrap.

 

[GHook93]

It's insane. When you propose a budget you should have the revenue = the spending or glup revenue>spending. Yet he has Revenue<spending.

The budget proposed is $3.8 trillion. LOL liek they won't blow that number away, but for sake of argument, they keep it. Current revenue is $2.2 trillion. That is a $1.6 trillion deficit. But the libs will say he is taxing the rich 2% and corporations and oil and gas companies. First, those will probably have a negative effect and revenue will decrease, but say it does increase. There is no way it will be by $1.6 trillion, heck it won't even be $0.3 trillion.

Obama sends $3.8 trillion budget to congress - DailyHerald.com

What is saying is he saying to do?
(1) Raise taxes on the wealthest. If he sticks to his $250K market, he is going to hit a lot of SUCCESSFUL small business owner! That will have a negative impact on (1) Hiring (take money out of the business for non-productive means always hurts hiring), (2) Layoffs (Non-product hits to revenue always lead to layoffs), (3) Business spending (businesses spend like consumer. They buy from other businesses keeping the capitialism wheel spinning. They will have less money to spend! and (4) Hit to innovation - Less money on R&D.

(2) Raise taxes on corporations: Doesn't this fool already know that the corporate rate is 35% add in state corporate rates like IL 7% and CA 10% any you by far have the highest rates in the world. You say but they have tax loopholes. Those loopholes usually REQUIRE outsourcing, offshoring, tax shelters, expensive benefits programs (which reduce revenue), etc.

(3) Raise taxes on banks: Sounds like a plan. Everyone hates the banks. Yet we all have products fromt he banks. Keep hitting the banks and they will punish the people. Using an ATM is going to cost $10 soon. Free checking is starting to become semi-Free, soon it won't even be that. Hit the banks and they will pass it onto the consumer!

(4) Raise taxes on Oil, Coal and Natural Gas: Douche Bag, do you not see that gas is close to $4 a barrel without any disruptions in oil in any big oil producer at the moment! Just saying you will raise taxes on oil will have the price of oil increase. Oil has an inelastic price, meaning no matter the price people will buy it. Oil companies will push the tax right onto the consumer. Gas will cost $8 a gallon before you know it.

And COAL and NATURAL GAS!!! These are out primary energy sources. Doesn't anyone tell the President that utilities bills have been skyrocketing during his Presidency. Hit coal and NG it will raise the price on CONSUMERS even more. Mr. President solar and wind are great and all, but right now they account for less than 1/2 a percent of out energy sources!!!

(5) Rob Medicare: Medicare, like Social Security, is one of the good social programs. A NEEDED program and Obama propose to rob it!

What does he say he wants the money for: Job Training classes! He numbnutz, 95% of job skills are ACQUIRED BY WORKING A JOB and he wants to do it on the community college level. Is this asshole clueless or what! Not to take away from community colleges, but this will be WASTED MONEY!


Everytime I hear Obama speak about the economy and make proposals, the more and more I consider voting for Ron Paul. I mean who needs foreign policy, when our domestic policy is going to destroy the nation!

 

[DontBeStupid]

You're ok with that as a potential with this new budget?

How about a budget where that's not a potential, wouldn't common sense say we should demand that from our politicians?

Personally, yes, I'm okay with it because I think most of these ratings agencies are full of shit. We were downgraded and interest rates did change at all. That shows how much the market cares about the rating.

As for the budget, I've said it before and I will say it again, the President is bound by existing laws when it comes to creating a budget. He can't slash SS or burn Medicare because it wouldn't be following the law. If he submitted a perfectly balanced budget right now, the GOP would cream in their pants and start screaming about how Obama isn't following the law.

Now, Obama could submit a flawed balanced budget, one that cuts all discretionary spending, but that would be eliminating the entire military. See the above paragraph about the GOP creaming in their pants.

The reality is, that no President, from either party, could submit a balanced budget at this time. Too many laws need to be changed in order for that to happen, and the President doesn't change laws.

So the only way to balance the budget is eliminate the military.


The more posts I read on this board, the more I realize that both parties are totally numb and couldn't care less about debts, spending and deficits.

How the fuck did you read my post and interpret it that way? Oh, I know. You didn't read it.

For the record, we get a balanced budget by changing some laws. Pretty simple really.

 

[Stephanie]

This title from Yahoo says a lot..

Obama sets up battle with GOP on new budget
http://my.yahoo.com/

It's always about Obama and how he is setting up A BATTLE. it's never, Obama proposes a budget that BOTH parties could agree with..

vote this thug out folks

 

[DontBeStupid]

This title from Yahoo says a lot..

Obama sets up battle with GOP on new budget
http://my.yahoo.com/

It's always about Obama and how he is setting up A BATTLE. it's never, Obama proposes a budget that BOTH parties could agree with..

vote this thug out folks

Since the GOP will not agree with anything Obama submits, purely because Obama submitted it, that makes it impossible for Obama to submit a budget both parties could agree on.

 

[Cammmpbell]

Obama Budget Predicts $1.3T Deficit For 2012



Obama Budget Predicts $1.3T Deficit For 2012

Look at this shit:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[Lonestar_logic]

Obama Budget Predicts $1.3T Deficit For 2012



Obama Budget Predicts $1.3T Deficit For 2012

Look at this shit:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

Why stop at 2009?


Afraid to state the fact that Obama has added 5 trillion to the debt in just three years?

You're nothing but a partisan hack and not a very smart one at that.

 

[Stephanie]

This title from Yahoo says a lot..

Obama sets up battle with GOP on new budget
http://my.yahoo.com/

It's always about Obama and how he is setting up A BATTLE. it's never, Obama proposes a budget that BOTH parties could agree with..

vote this thug out folks

Since the GOP will not agree with anything Obama submits, purely because Obama submitted it, that makes it impossible for Obama to submit a budget both parties could agree on.

my gawd, are you one the new "truth squad goons"?
every damn excuse under the sun has been used so far.

that poor poor Obama, he just can't get EVERYONE to bow to his wishes, so he says, fuck you all and the people I represent.

 

[Annie]

This title from Yahoo says a lot..

Obama sets up battle with GOP on new budget
http://my.yahoo.com/

It's always about Obama and how he is setting up A BATTLE. it's never, Obama proposes a budget that BOTH parties could agree with..

vote this thug out folks

Since the GOP will not agree with anything Obama submits, purely because Obama submitted it, that makes it impossible for Obama to submit a budget both parties could agree on.

Right, like this:

President's budget sinks, 97-0 - TheHill.com

President's budget sinks, 97-0
By Alexander Bolton - 05/25/11 05:15 PM ET

The Senate voted unanimously on Wednesday to reject a $3.7 trillion budget plan that President Obama sent to Capitol Hill in February.

Ninety-seven senators voted against a motion to take it up.

Democratic aides said ahead of the vote that the Democratic caucus would not support the plan because it has been supplanted by the deficit-reduction plan Obama outlined at a speech at George Washington University in April.

 

[Cammmpbell]

Obama Budget Predicts $1.3T Deficit For 2012



Obama Budget Predicts $1.3T Deficit For 2012

Look at this shit:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

Why stop at 2009?


Afraid to state the fact that Obama has added 5 trillion to the debt in just three years?

You're nothing but a partisan hack and not a very smart one at that.

Because after Reagan and the Bushes had borrowed 80% of all the debt this great country had accumulated in 232 years....they left an annual interest payment of $450,000,000,000. Dick Cheney said, "The Debt Doesn't Matter...Reagan Proved That!"

Well... sport's fans the debt probably doesn't matter because we don't have to pay it. The sad part is that we either have to pay the interest on it or go into default.

Multiply $450,000,000,000 by three and subtract the total from the president's debt and add it to the Reagan-Bushes total or shut the phuck up!!!!

 

[hortysir]

This title from Yahoo says a lot..

Obama sets up battle with GOP on new budget
http://my.yahoo.com/

It's always about Obama and how he is setting up A BATTLE. it's never, Obama proposes a budget that BOTH parties could agree with..

vote this thug out folks

Since the GOP will not agree with anything Obama submits, purely because Obama submitted it, that makes it impossible for Obama to submit a budget both parties could agree on.

And since Obama can't submit a budget that even his own party can come to terms with, I guess we're all fucked, hunh?

 

[hortysir]

Obama Budget Predicts $1.3T Deficit For 2012



Obama Budget Predicts $1.3T Deficit For 2012

Look at this shit:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

Why stop at 2009?


Afraid to state the fact that Obama has added 5 trillion to the debt in just three years?

You're nothing but a partisan hack and not a very smart one at that.

Their pet stats and graphs always stop in late 08 - early 09

 

[ilia25]

That's a revision, the original deficit projection prepared by the CBO for the Obama Admin was projected to be even less- around $400 trillion by 2012. Reality?? It's 300% higher. That's what failure looks like.

http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook.pdf

NOW you think the CBO is the gospel truth of Economics?

Cut the crap already.

There is no crap. The facts are simple. Last year Obama promised the country that he would have the deficit down to approx. $900 billion. Now less than a year later he is changing his tune and saying it will be the same as last year. That is a massive failure that perfectly illustrates Obama's economic incompetence.

At least he is finally doing the right thing -- fixing the economy, so we can grow out of debt.

 

[ilia25]

Nope. The CBO Budget and Economic Outlook found the $1.1 trillion deficit projected for 2012 is 2 percentage points lower than 2011's and represents 7 percent of gross domestic product.

CBO: 2012 deficit projected at $1.1T - UPI.com

That's a revision, the original deficit projection prepared by the CBO for the Obama Admin was projected to be even less- around $400 trillion by 2012. Reality?? It's 300% higher. That's what failure looks like.

http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook.pdf

NOW you think the CBO is the gospel truth of Economics?

Cut the crap already.

CBO is the best we have.

 

[ilia25]

If you made $150,000 this year, spent $200,000 and did that year after year...then yes, you would be "broke" which is exactly what we as a nation have been doing. And to say that the deficit isn't the "issue" on our downgrade is laughable. It most certainly WAS. The rating agency downgraded us because they didn't believe our leaders have the stomach to make tough cuts to entitlements. In what way is that incorrect? We can't even get a budget passed by Democrats in the Senate because they don't want to be on record for the amount needed in an election year and everytime someone even TALKS about reforming entitlements, people like YOU accuse them of wanted to "kill" Social Security and Medicare.

If you compare our GDP with our total debt, it's the equivalent of saying $150K vs $150K. Your $200K is a completely made up number.

And I gave you the quote from the report about the downgrade. It clearly says the downgrade is due to the controversy and policy debate and not the actual debt itself. Sure, if there was never any debt there would be no debate, but that's like me saying if you had never been born we wouldn't be talking now.

We're running TRILLION dollar deficits that are projected out for YEARS and you accuse me of making up numbers?

The "controversy" is about the deficit, Einstein! What part of that concept don't you grasp? The rating agency that downgraded us was looking for cuts to the size of the deficit. The Obama Administration didn't come even close to delivering them. We got downgraded. It really isn't a hard thing to understand.

We got downgraded because GOP would not let rising the taxes on the rich -- and that remains the best way to trim the deficits.

 

[ilia25]

Every President spends more in 4 years than the previous President. It's called inflation.

And Obama passed and signed the 2010 budget back in 2009.

Seriously dude ...

So you're saying the increase in our spending since Barry took office is due to "inflation"? Really, dude?

Most of it, yes. That doesn't change the fact that claiming "He's spent more in 4 years than anyone in history." is a completely pointless statement because EVERY President has spent more than the previous.

It's like complaining because he was breathing.

Inflation is only one of the reasons the each president spends more than the one before him. Another reason is growing population. And there were specific reasons for more growth in spending under Obama -- the economic crisis made more people applying for unemployment benefits, food stamps and medicaid.

Nevertheless, the spending did not grow much faster than it did under Bush:

 

[Chris]

The Obama budget deficits originated during the Bush presidency...

1. Tax cuts 2001-2002 (4 trillion over 10 years)
2. Prescription drug benefits (7 trillion over 10 years)
3. Economic meltdown of 2008 ( 3 trillion and rising)
4. Wars in Iraq and Afghanistan (2 trillion and winding down)