wow, they finally admitted that Obama;s agenda is at best moderate, that practically everything he has supported was either initially created by a con or supported by them
and yet still they hate him, why? we all know, dont we
Yes, Obama is conservative to moderate, just look at his record:
Obamatax
DADT repeal
Pipeline stopped.
Shutdown of Yucca Mountain.
I could go one but why bother?
Obamacare.
Emote all you want. But the FACTS don't support what you parrot. The Extended-Baseline Scenario is WITH Obamacare being fully implemented. The Alternative Fiscal Scenario is with Obamacare being repealed.
Federal Debt Held by the Public Under CBOÂ’s Long-Term Budget Scenarios
(Percentage of gross domestic product)
Here is the 'rub'...We are on
The Extended-Baseline Scenario trajectory Obama and the Democrats put us on. If Congress does nothing the Extended-Baseline Scenario is already in place.
IF the Bush tax cuts don't expire and the AHA is not fully implemented or repealed the
The Alternative Fiscal Scenario is the trajectory Teapublicans will take us if they gain enough power.
the
CBO lays it out perfectly clear...CRYSTAL.
The chart shows 2 scenarios. For all practical purposes, you can call the Extended-Baseline Scenario the Democrat scenario and the Alternative Fiscal Scenario the Teapublican scenario.
The Extended-Baseline Scenario adheres closely to current law. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP.
The Alternative Fiscal Scenario
The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. Most important are the assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP. This scenario also incorporates assumptions that MedicareÂ’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue in effect after 2021.
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Healthcare costs destroyed the Bush economy
David Frum: A former economic speechwriter for President George W. Bush
Posted: September 15, 2009, 4:30 PM by NP Editor
Ron Brownstein ably sums up the Census BureauÂ’s final report on the Bush economy.
Bottom line: not good.
On every major measurement, the Census Bureau report shows that the country lost ground during BushÂ’s two terms. While Bush was in office, the median household income declined, poverty increased, childhood poverty increased even more, and the number of Americans without health insurance spiked.
What went wrong?
In a word: healthcare.
Over the years from 2000 to 2007, the price that employers paid for labor rose by an average of 25% per hour. But the wages received by workers were worth less in 2007 than seven years before. All that extra money paid by employers disappeared into the healthcare system: between 2000 and 2007, the cost of the average insurance policy for a family of four doubled.
Exploding health costs vacuumed up worker incomes. Frustrated workers began telling pollsters the country was on the “wrong track” as early as 2004 – the year that George W. Bush won re-election by the narrowest margin of any re-elected president in U.S. history.
Slowing the growth of health costs is essential to raising wages – and by the way restoring Americans’ faith in the fairness of a free-market economy.
Explaining the impact of health costs on wages is essential to protecting the economic reputation of the last Republican administration and Congress.
If Republicans stick to the line that the US healthcare system works well as is – that it has no important problems that cannot be solved by tort reform – then George W. Bush and the Congresses of 2001-2007 will join Jimmy Carter and Herbert Hoover in the American memory’s hall of economic failures. Recovery from that stigma will demand more than a tea party.
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David Frum: Healthcare costs destroyed the Bush economy - Full Comment