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

[hortysir]

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)

Booooooshhh!!!!!!!

 

[Chris]

Without the super committee, the spending cuts start automatically in January of 2013.

When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.

Spending cuts + a return to the old tax rates = deficit reduction.

Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.

An absolutely brilliant move by Obama.

 

[ilia25]

How is it a joke? Most of what a President has to budget is required by law.

Adding to the deficit is the joke. Has he not enough on the tab.

What are YOUR suggested cuts?

Me, I believe a 5% cut ACROSS the board would be a good start.

5% cut would hardly be noticeable.

The cuts could not be a solution, US already spends less relative to GDP than most of advanced countries. What we need is more tax revenue. In other words, we need
1) Return the economy to the full employment -- that alone will cut the deficits in half.
2) Raise taxes on the rich

 

[hortysir]

Without the super committee, the spending cuts start automatically in January of 2013.

When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.

Spending cuts + a return to the old tax rates = deficit reduction.

Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.

An absolutely brilliant move by Obama.

And by then Obama's replacement will be getting all the credit for your imagined recovery.

That must suck to realize

 

[Ed Spacer]

Afraid to show obamas numbers.

 

[Chris]

GDP has been growing since 2009.
The stock market has doubled since 2009.
Americans net worth is up $9 trillion dollars since 2009.
3.7 million private sector jobs have been created since 2009.
Auto sales are up.
Retail sales are up.
Home sales are up.
Unemployment is down.

GM was saved, and is now the number one automaker in the world.

Bin Laden and Gaddafi are dead, and we are out of Iraq.

Obama has done a very good job.

 

[ScienceRocks]

Hey Stephanie

Did you mom and dad let you use the computer when George Bush was spending us into bankruptcy?
Just curious.

Or were you all for the deficit spending of the Bush years? You know; the wars not paid for, the tax cuts, perscription drug coverage etc.

Big difference between 300-600 billion deficit per year and a 1.3-1.5 trillion per year deficit. Ones Bush's and another is Obama's. Both sucked.

 

[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)

 

[Chris]

Without the super committee, the spending cuts start automatically in January of 2013.

When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.

Spending cuts + a return to the old tax rates = deficit reduction.

Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.

An absolutely brilliant move by Obama.

 

[ScienceRocks]

Barack "Food Stamps" Obama is going to be remembered as the most incompetent POTUS in modern history....he's never passed a budget in his 4 years. He increased dependency on gov't by 50%. He's spent more in 4 years than anyone in history.

He's a miserable, incompetent failure.

No question about it...His arab spring cluster fuck will be remembered as one of the worst mistakes of the last 50 years. We will be lucky if we don't get into wwIII.

 

[Chris]

Barack "Food Stamps" Obama is going to be remembered as the most incompetent POTUS in modern history....he's never passed a budget in his 4 years. He increased dependency on gov't by 50%. He's spent more in 4 years than anyone in history.

He's a miserable, incompetent failure.

No question about it...His arab spring cluster fuck will be remembered as one of the worst mistakes of the last 50 years. We will be lucky if we don't get into wwIII.

Yes, democracy is a messy business.

 

[Robert_Stephens]

Democrats can't think of anything else except TO TAX PEOPLE..

Just what we need to do in this economy.

Good point. As the ages unfold in our country, it is noted that democratic ilk love and are free, to tax, tax and tax some more. Supporting of course the untold number of social (socialist?) programs.

On the other hand, the Republican view is always, 'do for self'. Between the two, there is probably a good balance. But in the overall view its always amusing to see the democrats (Obama) attempt to tax anything and everything. Your point exactly.

Good post.

Robert

 

[Skull Pilot]

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 in 2009 averaged -.34%
Inflation in 2010 averaged 1.64%
Inflation in 2011 averaged 3.16%

Is it really your position that Bam Bam only increased spending to match inflation?

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.

Bam Bam is an apt monicker for the president. He's petulant and walks around with the big stick of government on his shoulder to beat us into submission.

So it's not inflation but it's mandated increases. Make up your mind

And the problem is that every president spends more than the previous one don't you get that?

 

[Claudette]

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.

Bingo.

This budget of Barrys is nothing but a joke. He's not touching entitlements and all his "cuts" are projected to the future. Oh yeah. Like anyone thinks those "cuts" are gonna happen

He knows it won't pass. Hell. His own Dems won't go for it.

He can however try to shift the blame to Congress while trying to make himself look more re-electable.

He is "trying"after all.

Its all a big shell game and most folks are to stupid to realize it.

 

[editec]

Yep, but he knows his base will eat it up and that's what cares about MORE... and then he can say he presented a budget but the Republicans wouldn't PASS IT.

Everything this man does is calculated and divisive

Yes, dear, that is true.

It's called politics.

 

[Dr.Drock]

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.

No sadly I did read it, bolded above.

If you aren't going to demand Obama fix it, you should be demanding it from your democratic senate majority.

However I doubt you are, I expect you're just finger pointing at the other side.

 

[grunt11b]

This is all you need to know, to see what the president is trying to do.
Cloward

 

[Full-Auto]

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.

We can not grow out of this debt. That is a fairy tale.

 

[driveby]

[youtube]SaQUU2ZL6D8[/youtube]

He would have if it weren't for those obstructionist Republicans....

 

[Skull Pilot]

[youtube]SaQUU2ZL6D8[/youtube]

He would have if it weren't for those obstructionist Republicans....

Excuses excuses