There was nothing wrong with the U.S. government in 2008

Discussion in 'Politics' started by JRK, Oct 24, 2011.

  1. JRK
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    JRK Senior Member

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    The biggest mis conception of Obama is that he inherited a Government that was in shambles. The banking sector and the housing sector was in shambles but the U.S. govt. Was not in that bad of shape.
    In fact:
    2007 we were within 163 billion of a balanced budget
    2008 we signed the peace treaty with Iraq that today we see has came to pass, all troops will be gone in 8 weeks or so
    Tarp and the 250 billion that GWB Admin used stopped the banking collapsed and that sector was turned around in months. Not like it was in 07, but also not collapsing either. Most of that money we got back in months

    So exactly what was it that Obama inherited that forced him to spend over 4 trillion dollars we did not have?
     
  2. NYcarbineer
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    NYcarbineer Diamond Member

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    The deficit in 2008 was 458 billion.

    Obama inherited a one trillion dollar deficit in 2009 before he did anything. Even freezing the budget at 2008 levels would have produced a one trillion dollar deficit for 2009.
     
  3. Full-Auto
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    Full-Auto Gold Member

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    That is not correct and you lied once again worm....................

    Obama signed the remaining portions of GWs budget because democrats wanted more spending................
     
  4. uscitizen
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    uscitizen Senior Member

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    There was nothing wrong with the U.S. government in 2008

    If you actually believe that then you are a hopeless case.
     
  5. 8537
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    8537 Senior Member

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    [​IMG]

    "There is nothing wrong with our government! Nothing at all. It's peaches, cream and fine brandy in all sectors."
     
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  6. JRK
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    JRK Senior Member

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    What does the free market have to do with how the govt is functioning?
    All the govt does is harm the free market, most of the time

    You make my point better than I could. You think the private sector failures the govt caused. In the end they did not
     
  7. 8537
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    8537 Senior Member

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    The tax revenues of the government come from the market. When tax rates decline, revenue to the government declines. When the government spends a trillion dollars on unfunded wars and passes the largest expansion of the welfare state since LBJ, expenses go up. This is how we went from surpluses to deficits.

    When the market recesses, tax receipts decline and automatic stabilizer spending increases. This is why the deficit increased in 2008.
     
  8. JRK
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    JRK Senior Member

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    GWB signed nothing for 2009 that I can find, it was all a Dem budget as well as Obama signing it

    Look 08 had lost revenue as did 01-02. This was the main reason for the deficit to go from 162 to 458
    that's no reason for it to go to 1.5 trillion is it?

    we take Iraq off of the books next year (should have in 2010, we were done) Bottom line is that is 150-200 billion a year in savings. so our spending should have remained about 300-400 billion over with Obama's Policies that has stopped some hiring
     
  9. G.T.
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    G.T. Diamond Member

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    Another thread about the same shit jrk talks about on a daily basis. Get a fucking new tune, jesus christ.
     
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  10. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    :lol:
     

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