What gop doesn't want you to know about the deficit

Discussion in 'Politics' started by LilOlLady, Sep 22, 2012.

  1. LilOlLady
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    LilOlLady Gold Member

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    Check out what the GOP doesn't want you to know about the deficit:
    The Deficit Has Grown Mostly Because Of The Recession

    The deficit has ballooned not because of specific spending measures, but because of the recession. The deficit more than doubled between 2008 and 2009, as the economy was in free fall, since laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.
    Guess Who Pays For Romney's Tax Cuts For The Wealthy: The Middle Class
     
  2. Obamanation
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    Obamanation Silver Member

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    lol --- more of that liberal fairy dust -- you sprinkle on things to make it W's fault, huh?

    wow!
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Uncle Ferd says tell `em dey won't get paid till dey do sumpin' `bout it...
    :tongue:
    Simpson on $16T Debt: They Won't Fix It -- Senate, House or President
    October 2, 2012 – Former Sen. Alan Simpson (R-Wyo.) said Tuesday the first presidential debate will “be the biggest tap dance since Fred Astaire,” and that neither political party in Washington is willing to tackle the country’s fiscal problems.
     
  4. editec
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    editec Mr. Forgot-it-All

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    Exactly right.
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    So spending by the Fed Gov is not trillions higher than it was? lol.
     
  6. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Thing's obama nut suckers do not want to talk about.

    http://www.usmessageboard.com/6039034-post1.html
     
  7. miami_thomas
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    miami_thomas VIP Member

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    Obama in his first year with his tax cuts and spending increases had no impact huh?

    Let’s see spending in 2008 $2,982.5 increased in 2009 to $3,517.7 for an 18% increase. Revenues in 2008 $2,524.0 decreased in 2009 to $2,105.0 for a 17% decrease. I think those two things combined accounted for the increased deficit and the fact that it has just continued for the past 4 years also contributed to the debt. I know we needed to save the economy but we didn't save the economy seeing that the economy never recovered. Rebuilding from the middle and spending failed to save the economy. Who in their right minds would want another 4 years of failed attempts at re-building the economy from the middle and spending?

    By the way, just so you know the last time we had that big of a swing between spending and revenue was in the great depression when GDP shrunk 23% in one year. GDP shrunk 2% in 2009 so to say that caused the swing is just political speak. The spike in the deficit was mainly caused by spending increases and tax breaks for the middle class put in by Obama.
     
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