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saints5021
USA Fan
Slidell
Member since Jul 2010
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re: WaPo - Republicans do complete flip on budget deficit
In case you haven't been paying attention to the economy, the deficit is going to shrink in the near future.


gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
32704 posts

re: WaPo - Republicans do complete flip on budget deficit
I dunno

Perhaps the Republicans tired of being accused of killing fill in the blank whenever they propose cutting a dime.


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Fox Mulder
New Orleans Saints Fan
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re: WaPo - Republicans do complete flip on budget deficit
WaPo - WaPo does complete flip on budget deficit


All of that reporting they did on it during the oba...oh


gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
32704 posts

re: WaPo - Republicans do complete flip on budget deficit
They write this shite knowing exactly what they would print if the Republicans proposed a real budget.

They are liars unless they can ever point to their own concern about deficits when funding for their pet programs is at issue.


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Eurocat
Northwestern Fan
Member since Apr 2004
9688 posts
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re: WaPo - Republicans do complete flip on budget deficit
Well I hope you are not referring to me personally because I have always been a deficit hawk and have even talked about how we could go about getting rid of the annual deficit right on this board.


BeefDawg
Georgia Fan
Atlanta
Member since Sep 2012
2241 posts

re: WaPo - Republicans do complete flip on budget deficit
Isn't something like $3 trillion of our $3.45 trillion in tax revenues already hard-spent on budget requirements?

So Trump has like no leeway or sizable discretionary account to enact policy with, does he?

One thing I do know is that Obama's 2017 budget called for spending $4.2 trillion, but Trump ended up only spending $3.9 trillion.

So he made some cuts and came in $300 billion under budget.

And he would have come in $600 billion under budget but he was forced to allocate $300 billion between Texas, Florida, and Puerto Rico for hurricane disaster relief emergency funding.

He's making cuts and his economic policies are just now going into effect. Anyone who thought he was going to spend below revenues and eliminate the deficit right away is being ignorant, dumb, and/or disingenuous/dishonest. 2017 wasn't even his budget or spending plan and he still came in under what was planned.

But way to virtue signal and think you scored some points. You're a dishonest hack, as usual.
This post was edited on 2/8 at 8:58 am


Fox Mulder
New Orleans Saints Fan
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Member since Dec 2010
64185 posts
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re: WaPo - Republicans do complete flip on budget deficit
Progressives deeply care about the deficit...can anyone say that with a straight face?


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Revelator
Member since Nov 2008
30832 posts
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re: WaPo - Republicans do complete flip on budget deficit
quote:

The Republicans are hypocrites about the deficit and their supporters only care about deficits when Democrats are in power.


There are almost zero politicians if any that really want to curb spending.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
33019 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

Well I hope you are not referring to me personally because I have always been a deficit hawk
Perhaps you can point out some examples of your posts criticizing Obama for his deficits, then? I tried google. But the first 10 results were of you criticizing republicans for deficits.

By all appearances you want “the other side” to do the cutting

Also... no proponent of single-payor is a “deficit hawk”.


the LSUSaint
LSU Fan
Member since Nov 2009
11399 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

The Republicans are hypocrites about the deficit and their supporters only care about deficits when Democrats are in power.


Not true. The republicans understand short term deficit increases happen as you roll out specific policy that corrects long term issues. As those issues heal, it takes a marked amount of time for the benefits to be seen...so in reality, the short term deficit is viewed by idiots as increasing.

Flip that around to dems, and they make idiotic policies to fix short term issues and claim a win, only to kick the can down the road for real answers that correct issues for long term results

So in 8 or 12 years from now, when a den finally becomes president, they'll claim they fixed the deficit, even though our policies today will be responsible


90proofprofessional
LSU Fan
Member since Mar 2004
19520 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

One thing I do know is that Obama's 2017 budget called for spending $4.2 trillion, but Trump ended up only spending $3.9 trillion.

So he made some cuts and came in $300 billion under budget.


Those numbers sound awfully final. Are you going to link any of this, in particular the alleged cuts?

That may indeed be correct, but I've heard a little over a year of complete bull shite about debt/deficit figures from cheerleaders for this administration.

Also we've been at the point of "extraordinary measures" to avoid busting the debt ceiling for several months of 2017 and all of 2018 so far, and we're about to raise the ceiling again, so I hope you'll forgive my skepticism.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
33019 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

WaPo - WaPo does complete flip on budget deficit


NYT editorial board has them beat by a mile.


quote:

So which Krugman are we supposed to believe?

[] Krugman 2003 [deficit at 3% of GDP, 10-year deficit projection $1.8 trillion]: "I'm terrified ... we're looking at a fiscal crisis that will drive interest rates sky-high ... the conclusion is inescapable ... the task is simply impossible ... the fiscal train wreck, is already under way." Or,

[] Krugman 2009 [deficit at 11% of GDP, 10-year deficit projection $9 trillion]: What's to worry? The Ozzie & Harriet era of government finance will be easy enough to bring back. Just stabilize the debt in terms of GDP and be happy!


LINK

quote:

The numbers? The deficit in fiscal year 2004 -- $413 billion, 3.5 percent of the gross domestic product.

Back then, a disapproving Krugman called the deficit "comparable to the worst we've ever seen in this country. ... The only time postwar that the United States has had anything like these deficits is the middle Reagan years, and that was with unemployment close to 10 percent." Take away the Social Security surplus spent by the government, he said, and "we're running at a deficit of more than 6 percent of GDP, and that is unprecedented."

...Fast-forward to 2010.

The numbers: projected deficit for fiscal year 2010 -- over $1.5 trillion, more than 10 percent of GDP.

This sets a post-WWII record in both absolute numbers and as a percentage of GDP. And if the Obama administration's optimistic projections of the economic growth fall short, things will get much worse. So what does Krugman say now?

We must guard against "deficit hysteria." In "Fiscal Scare Tactics," his recent column, Krugman writes: "These days it's hard to pick up a newspaper or turn on a news program without encountering stern warnings about the federal budget deficit. The deficit threatens economic recovery, we're told; it puts American economic stability at risk; it will undermine our influence in the world. These claims generally aren't stated as opinions, as views held by some analysts but disputed by others. Instead, they're reported as if they were facts, plain and simple."

He continues, "And fear-mongering on the deficit may end up doing as much harm as the fear-mongering on weapons of mass destruction." Krugman believes Bush lied us into the Iraq War. Just as people unreasonably feared Saddam Hussein, they now have an unwarranted fear of today's deficit.

Questions: Didn't Krugman, less than six years ago, call the deficit "enormous"? Wouldn't he, therefore, consider a $1.5 trillion deficit at 10 percent of GDP mega-normous? Didn't he describe the economy with 5.5 percent unemployment as "weak"? Isn't the current economy, at 9.7 percent unemployment, even weaker? If the 2004 deficit was "comparable to the worst we've ever seen in this country," wouldn't today's much bigger deficit cause even more heartburn?

Nope. Now a huge deficit is actually a good thing: "The point is that running big deficits in the face of the worst economic slump since the 1930s is actually the right thing to do. If anything, deficits should be bigger than they are because the government should be doing more than it is to create jobs." The deficit "should be bigger"?!


No idea what Kaufman’s stance on deficits is today, but I would be willing to hazard a guess....

quote:

Sad to see....

This post was edited on 2/8 at 9:16 am


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Fox Mulder
New Orleans Saints Fan
Yo mama
Member since Dec 2010
64185 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
not only does he not have one post referencing it before trump was president, he spent most of his time on here complaining about not getting enough free shit

as you might imagine, he's a bern out


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90proofprofessional
LSU Fan
Member since Mar 2004
19520 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

republicans understand short term deficit increases happen as you roll out specific policy that corrects long term issues. As those issues heal, it takes a marked amount of time for the benefits to be seen...so in reality, the short term deficit is viewed by idiots as increasing.

I wish I could believe what you say about these cuts fixing some long-term structural deficit issues, but not even the most optimistic of the dynamic models brought to bear came close to supporting that.


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Jyrdis
Auburn Fan
Member since Aug 2015
4723 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

quote:
One thing I do know is that Obama's 2017 budget called for spending $4.2 trillion, but Trump ended up only spending $3.9 trillion.

So he made some cuts and came in $300 billion under budget.


Those numbers sound awfully final. Are you going to link any of this, in particular the alleged cuts?



At the end of FY 2017, the US spent $3.98t while taking in $3.31t. If the Obama budget was $4.2t then that is $300b less, however, we still increased the debt by $600b.


90proofprofessional
LSU Fan
Member since Mar 2004
19520 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
Are those numbers final spend or what

Why am I seeing all these numbers and not any links- this reeks of talking points that will wilt at casual inspection

ETA: I see you reference FISCAL 2017, which i would believe has final numbers out. I want to see where these cuts were. Even $300 billion is tough to believe if you're talking about discretionary spend, because we know nothing else was cut. We also know the sequester's about to be gone, and God knows what else we're going to ramp spending up on with this new deal
This post was edited on 2/8 at 9:29 am


LSURussian
LSU Fan
Member since Feb 2005
106209 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

Republicans do complete flip on budget deficit
Democrats have done the same thing.


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Aubie Spr96
Auburn Fan
lolwut?
Member since Dec 2009
23023 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
More of the same....


Republicans borrow and spend. Democrats tax and spend. While us Libertarians just want you people to STOP SPENDING!


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Jyrdis
Auburn Fan
Member since Aug 2015
4723 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

this reeks of talking points


First, I don't parrot talking points.

Second, I pulled them from the Monthly Treasury Statements.

I have no idea what Obama's proposed budget was, which is why I said "if." I hoap you failed your jerb search.


tarzana
LSU Fan
Chocolate Bayou/Bailey Ave, Manvel
Member since Sep 2015
10081 posts

re: WaPo - Republicans do complete flip on budget deficit
Disgusting, utterly disgusting. That's why the Trump Tax Reform was so immoral from the getgo-no one who voted for it ever asked, "how are we going to pay for it"?


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