Press Conference by the President (OBAMA AGREES TO $1.7T IN CUTS!!!!)

Discussion in 'Economy' started by expat_panama, Jul 18, 2011.

  1. expat_panama
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    expat_panama Silver Member

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    Read more at Press Conference by the President | The White House

    From Section 3 — Federal Government Outlays by Function of the federal budget at Budget of the United States Government: Historical Tables Fiscal Year 2012 we have Eisenhower's domestic spending peaking at 5.0% gdp and now it's 16.6%. The current gdp is $14.9T so this means we cut domestic spending by $1.7T. Others may be interested in this take: American Thinker- Print Article

    Problem solved. Have a nice day.
     
  2. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    For some reason, I just don't believe we're getting the complete story here. :lol:
     
  3. expat_panama
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    expat_panama Silver Member

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    We have what we have. We got the budget records and we have the press conference transcript. Tomorrow we may have an unemployed teleprompter mechanic.
     
  4. expat_panama
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    expat_panama Silver Member

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    You don't trust Obama's loyalties?
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Obama will pull a "Bill Clinton" and say that "domestic spending" wasn't defined.
     
  6. expat_panama
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    expat_panama Silver Member

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    --and argue about how much "is" is 'IS'.

    The bottom line here is you can't buy this quality of entertainment.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "Don't call my bluff" LOL

    OOpsies
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Press Conference by the President (OBAMA AGREES TO $1.7T IN CUTS!!!!)

    Over what time frame....Like, ten years?

    Probably back-loaded as well, so he's but a memory by the time any real proposed cuts come along.

    Don't fall for it.
     
  9. dilloduck
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    dilloduck Diamond Member

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    Shouldn't someone examine why all the people who deal with our money will do fine while the rest of us eat shit ?

    How about the fed for instance ?
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    As most of the cuts occur in 10 or 12 years from now, The One is still proposing massive increases in near term spending.

    No thanks.
     

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