Fact: Obama cut the deficit in half | TigerDroppings.com
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smilodonfatalis
Georgia Fan
Georgia 36,000 BP
Member since Sep 2012
375 posts

Fact: Obama cut the deficit in half

LINK /

The first time I posted this fact, it was removed.

And the jerks who removed it called me a troll.


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Fact: Obama cut the deficit in half
You will most likely be banned shortly, but will not be missed at all.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24890 posts

re: Fact: Obama cut the deficit in half
Someone isn't very at math.


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SavageOrangeJug
Tennessee Fan
Member since Oct 2005
5673 posts

re: Fact: Obama cut the deficit in half
quote:

LINK / The first time I posted this fact, it was removed. And the jerks who removed it called me a troll.



Not according to the Office of Management and Budget.

Image: http://s23.postimg.org/fkjx8ne3f/Budget_deficits.png


SavageOrangeJug
Tennessee Fan
Member since Oct 2005
5673 posts

re: Fact: Obama cut the deficit in half
quote:

We need Clinton back.


Only if we have Gingrich back as SOH.


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Jay Quest
Navy Fan
Once removed from Massachusetts
Member since Nov 2009
6018 posts

re: Fact: Obama cut the deficit in half
quote:

We need Clinton back.

No we don't. Newt Gingrich, yes. Clinton, no.


olgoi khorkhoi
Bucknell Fan
priapism survivor
Member since May 2011
3471 posts

re: Fact: Obama cut the deficit in half
So writing the stimulus into the baseline, which boosted gdp, was a good thing.


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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
14908 posts

re: Fact: Obama cut the deficit in half
quote:

smilodonfatalis


I have never RA'd anyone, but you tempt me.


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ApexTiger
LSU Fan
cary nc
Member since Oct 2003
31700 posts

re: Fact: Obama cut the deficit in half
quote:

The first time I posted this fact, it was removed.

And the jerks who removed it called me a troll.


the author's quote "I write for the left"

No need to try to be objective of his hogwash

You guys suck at defending Obama...

1.3 Trillion is the deficit spending...and the national debt has increased 70% under his watch.

Only a hack would dream of trying to suggest he has shrunk the deficit...


ChineseBandit58
LSU Fan
west of the pines
Member since Aug 2005
12205 posts

re: Fact: Obama cut the deficit in half
quote:

No we don't. Newt Gingrich, yes. Clinton, no.

Add Kasich to that if you are talking economy.

Newt gave the impetus, Kasich made it work.


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smilodonfatalis
Georgia Fan
Georgia 36,000 BP
Member since Sep 2012
375 posts

re: Fact: Obama cut the deficit in half
The debt is not the same thing as the deficit.


Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
6946 posts

re: Fact: Obama cut the deficit in half
Forbes rebuttal:

LINK /


TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
3114 posts

re: Fact: Obama cut the deficit in half
quote:

“Compared to the size of the economy, the deficit in 2013 is much lower than in 2009, when Obama took office. The deficit will be 5.3 percent of gross domestic product this year, nearly half the 10.1 percent of GDP in 2009.” The improvement in the deficit as measured against GDP is the direct result of the deficit falling to $845 billion for fiscal year 2013—a $300 billion improvement over the previous year. And the positive trend is projected to continue though the next fiscal year where the the annual budgetary deficit will fall again to $430 billion.


If falling by 50% is still at $845B, things are still pretty effing bad.

I wish some people could read this and understand what it's actually saying. And this coming from Forbes.



smilodonfatalis
Georgia Fan
Georgia 36,000 BP
Member since Sep 2012
375 posts

re: Fact: Obama cut the deficit in half
This is a misleading chart.

Obama inherited a budget deficit that was 10.1% of GDP.

It is currently 5.2% of GDP.


wickowick
LSU Fan
Head of Island
Member since Dec 2006
27569 posts

re: Fact: Obama cut the deficit in half


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MFn GIMP
LSU Fan
Member since Feb 2011
8960 posts

re: Fact: Obama cut the deficit in half
quote:

Obama inherited a budget deficit that was 10.1% of GDP.

By inherited do you mean that Obama signed the last FY09 CR because the Democratic Congress refused to pass a budget in 2008 since they knew that Obama was going to win?


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Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
38224 posts

re: Fact: Obama cut the deficit in half
quote:

And the jerks who removed it called me a troll.



That's because you said "all you ignorant hateful hicks" or something along those lines.


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wickowick
LSU Fan
Head of Island
Member since Dec 2006
27569 posts

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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
3114 posts

re: Fact: Obama cut the deficit in half
quote:

This is a misleading chart. Obama inherited a budget deficit that was 10.1% of GDP. It is currently 5.2% of GDP.


Tell me you didn't actually go to Terry. Please.


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