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Old 01-21-2013, 07:53 AM  
Direckshun Direckshun is offline
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Obama's First Term: 2.4T in deficit reduction



Considering that cutting the deficit retards growth, and Obama inherited the Great Recession, this is pretty astonishing we've had this much deficit reduction without tanking growth. It does help explain, however, why growth has been steady but sluggish.

The CBPP says we need an additional 1.4T in deficit reduction, and that's it: our long term debt would be stabilized under our current economy. Which means, of course, if we could get the economy growing at a 3%+ clip again, the long term deficit is put on a downward spiral.
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Old 01-21-2013, 11:44 AM   #16
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Old 01-21-2013, 12:27 PM   #17
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Talk about trying to polish a turd...
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Old 01-21-2013, 02:07 PM   #18
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Quote:
Originally Posted by Garcia Bronco View Post
Lol..no...the deficit has not gone down. Not even a little bit. The amusing part about the graph is it's based on projections of where we'd be.
Where we'd be under current policy, if these measures had not been enacted.
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Old 01-21-2013, 02:09 PM   #19
Direckshun Direckshun is offline
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Quote:
Originally Posted by Mr. Kotter View Post
Direckshun....seriously, the spin of this is laughable. Reductions in projected increases in spending may be a case of "it isn't as bad as we thought!"....however, it's sure as hell not good news.

When we start PAYING DOWN the debt, then you'd have cause to celebrate. Until then, not so much.
I don't see how any of this is spin.

You call it spin, but dispute none of it, and just claim it's not enough.
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Old 01-21-2013, 02:09 PM   #20
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Quote:
Originally Posted by FD View Post
Pretty bad thread title.
In what way?
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Old 01-21-2013, 02:12 PM   #21
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Old 01-21-2013, 02:16 PM   #22
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Originally Posted by fan4ever View Post
Talk about trying to polish a turd...
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Old 01-21-2013, 02:18 PM   #23
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Quote:
Originally Posted by Direckshun View Post
I don't see how any of this is spin.
Of course you don't. You're a mouthfoaming drone.
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Old 01-21-2013, 02:50 PM   #24
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damn, dude....sersiously?
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Old 01-21-2013, 03:33 PM   #25
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Quote:
Originally Posted by Direckshun View Post
I don't see how any of this is spin.

You call it spin, but dispute none of it, and just claim it's not enough.
It's not spin. It's an outrageous lie.

Is the deficit 2.4 trillion dollars less than when Obama took office? Yes or no?
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Old 01-21-2013, 03:37 PM   #26
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Quote:
Originally Posted by Direckshun View Post
In what way?
It's a perversion of the English language.
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Old 01-21-2013, 03:48 PM   #27
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Originally Posted by Direckshun View Post
In what way?
It just adds up the deficit reduction measures put into place since 2010. Its a meaningless number because the counterfactual isnt well specified and it ignores other deficit increasing legislation. Its both wrong and stupid, in other words.
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Old 01-21-2013, 04:39 PM   #28
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Quote:
Originally Posted by Direckshun View Post
I don't see how any of this is spin.

You call it spin, but dispute none of it, and just claim it's not enough.
As a society we are so used to "spin" from both sides, that some don't even recognize it anymore...

Reductions in PROJECTED deficits are not the same as reductions in the deficit itself, just as reductions in PROJECTED spending are not real spending cuts. It's semantic sophistry--political demagoguery to baffle partisan buffoons with bullshit.

If you want to call it what it is, reductions in projected deficits, fine; otherwise you ain't bullshitting this bullshiter.

By the way...I assume your term "long term deficit" is a euphemism for national debt. We'll need to sustain 3%+ growth without real spending increases for a very, very long time to pay of the current debt--so real cuts should be a major part of the discussion as well. I'm just saying...
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Old 01-21-2013, 04:46 PM   #29
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Quote:
Originally Posted by Mr. Kotter View Post
If you want to call it what it is, reductions in projected deficits, fine; otherwise you ain't bullshitting this bullshiter...
I just decided not to buy a $40k truck in 2015 so I have reduced my annual deficit by $40k , until they actually spend less than they take in, its all alphabetical bullshit
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Old 01-21-2013, 04:50 PM   #30
Direckshun Direckshun is offline
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Quote:
Originally Posted by petegz28 View Post
damn, dude....sersiously?
Absolutely.

Our projected deficits by 2022 will be 2.4 trillion smaller thanks to budgetary measures taken by this President and Congress.
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