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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 01-24-2013, 07:19 AM   #76
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Quote:
Originally Posted by patteeu View Post
You seem to be having trouble distinguishing between projections and actuals.
By all means, educate me.
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Old 01-24-2013, 07:20 AM   #77
Direckshun Direckshun is offline
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Quote:
Originally Posted by RINGLEADER View Post
Holy crap.

Deficit reduction means jack when it comes after you inflate said deficit.

All these morons running around crowing about $1 trillion and $2 trillion and $4 trillion in deficit reduction over ten years keep forgetting to remind all of us that it still means trillions more in debt.

I really can't stand the idiots who proffer this bs line. They look at trillion dollar deficits and point to percentages and historical averages. By the time Obama is done he will have doubled the debt.

But hey, he cut the deficit!
A lot of steam here, but essentially agreeing with the OP.
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Old 01-24-2013, 07:22 AM   #78
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Quote:
Originally Posted by RINGLEADER View Post
If you compare it to one year in the midst of a financial meltdown. Compare Obama's deficits to the average of any two years (not even asking for the typical ten year averages) and your argument that Obama is some great fiscal/debt/deficit hawk doesn't hold up.
I'm not saying the deficit/debt is in good position.

It's still atrocious. But it's significantly less atrocious now than it was four years ago, and there's not much we can do to the deficit without retarding growth other than to do it gradually and responsibly, proportional to the health of the economy.
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Old 01-24-2013, 07:37 AM   #79
Direckshun Direckshun is offline
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Quote:
Originally Posted by mlyonsd View Post
And stop with this inherited nonsense. Obama was a member of congress for 8 years before becoming president. Your trying to pretend he isn't partially responsible for the deficit he 'inherited' isn't playing here.
Quote:
Originally Posted by patteeu View Post
It was only 4 years, I think, but your point is still a good one.
It's a fair point.

By inherited, I of course mean as President. As I assumed it's been very clear from the start.
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Old 01-24-2013, 07:39 AM   #80
Direckshun Direckshun is offline
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Quote:
Originally Posted by patteeu View Post
Compare that ridiculous $2.4T in imaginary deficit reduction over the next 10 years with the appalling $6T in real deficits he's generated in just the past 4 years. Bottom 5.
"He's generated." Right.

Again, he walked into a 1.3T deficit.

You can't turn that into a balanced budget in four years without retarding growth.

He's still managed to reduce it, with the greatest speed we've seen in a generation. Which has had a negative effect on growth, by the way.
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Old 01-24-2013, 07:40 AM   #81
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Originally Posted by loochy View Post
dude, even your fellow democrats think this is stupid
Stupid, maybe.

Incorrect? I think not.
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Old 01-24-2013, 07:50 AM   #82
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Old 01-24-2013, 11:56 AM   #83
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Old 01-24-2013, 11:57 AM   #84
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Quote:
Originally Posted by Direckshun View Post
"He's generated." Right.

Again, he walked into a 1.3T deficit.

You can't turn that into a balanced budget in four years without retarding growth.

He's still managed to reduce it, with the greatest speed we've seen in a generation. Which has had a negative effect on growth, by the way.
Wow, you should be in Kool Aid adverts!
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Old 01-24-2013, 12:12 PM   #85
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Originally Posted by HC_Chief View Post
Wow, you should be in Kool Aid adverts!
In what way.

Please. Tell me. What exactly, in that post that you criticized for being off-the-wall kooky, was remotely inaccurate.

I am dying to know.
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Old 01-24-2013, 12:25 PM   #86
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Quote:
Originally Posted by Direckshun View Post
In what way.

Please. Tell me. What exactly, in that post that you criticized for being off-the-wall kooky, was remotely inaccurate.

I am dying to know.
http://www.usgovernmentdebt.us/feder...cit_chart.html
http://www.usgovernmentdebt.us/federal_debt

Have you studied economics?
Basic mathematics?
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Old 01-24-2013, 01:03 PM   #87
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Originally Posted by HC_Chief View Post
Maybe you could help me with some basic mathematics.

This is from the link you just provided me:



Now, is $901B significantly larger, or significantly smaller, than $1,413B?

It's gotta be one of the two, right?
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Old 01-24-2013, 03:42 PM   #88
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Old 01-24-2013, 06:43 PM   #89
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Quote:
Originally Posted by Direckshun View Post
Maybe you could help me with some basic mathematics.

This is from the link you just provided me:



Now, is $901B significantly larger, or significantly smaller, than $1,413B?

It's gotta be one of the two, right?
heh, you're also not a strong reader. You see the little symbol next to FY2009? Did you read the description?

Do you know what "FY" stands for?

Which number is greater, 8 or 4?

Now, google the word "aggregate". Apply to the values in the table; go back and read the post you tried to refute via Kool Aid blather.

That's your homework assignment for the evening. Tomorrow we'll cover bar charts.
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Old 01-24-2013, 07:00 PM   #90
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This $1.4T deficit. How much of it was Bush's and how much was Obama's considering Obama was president for 8 months of that fiscal year?

When was the Obama/Reid/Pelosi failed stimulus passed? I thought it was like in February 2009, well within the $1.4T fiscal deficit year.
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