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2
Posted on 11/14/14 at 10:46 am to Hawkeye95
quote:
I don't put too much stock in CBO projections
FT just boasted about the projections from the CBO that shows we will have another year of deficit reduction. So is only the good stuff by the CBO to be trusted, but the bad, not to be trusted?
Posted on 11/14/14 at 10:47 am to BugAC
quote:
FT just boasted about the projections from the CBO that shows we will have another year of deficit reduction. So is only the good stuff by the CBO to be trusted, but the bad, not to be trusted?
CBO projections are good for about a year, well b.c you can have a pretty good guess on taxes/revenue. Beyond that its almost impossible
Check out the link I just posted.
Posted on 11/14/14 at 10:48 am to BugAC
quote:
Care to talk about future outlays and revenue yet?
To hell with future outlays, I still want to know why the hell I should praise someone for only partially reversing the clusterfrick they created.
Posted on 11/14/14 at 10:48 am to BugAC
quote:
My mistake. The past 3 years, my mistake. Care to talk about future outlays and revenue yet?
its actually 4 years in inflation adjusted numbers.
This post was edited on 11/14/14 at 10:50 am
Posted on 11/14/14 at 10:49 am to Hawkeye95
quote:
If he gets no credit for the reduction, he cannot get any blame for the increase.
Right, this is all on Congress. The GOP wants spending but Obama wants spending squared. That's why his budgets fail to get passed.
Posted on 11/14/14 at 10:49 am to Hawkeye95
quote:
I would actually argue that congress is more responsible for spending than the presidency. But obama should get some credit for reduciton of the deficit over the last 4 years.
Congress has reduced spending (or it's increase anyway). Obama and the dems let the tax cuts lapse.
So it really is both of them; though I think cutting spending is the MUCH harder to do politically.
And some of this is the general improvement in the economy from the pit of the recession. That has increased revenue. Some of the massive budget short-falls republicans like to nail obama with weren't really his fault. SOME, being the operative word.
And of course, much, much more needs to be done.
Posted on 11/14/14 at 10:49 am to Hawkeye95
quote:
Beyond that its almost impossible
I wonder if you were saying this when CBO scored the Obamacare bill?
Posted on 11/14/14 at 10:50 am to FT
Let's throw a party for all you low-information types. Please don't tell them that in less than two decades, all projected tax revenues will be consumed by three federal programs (Medicare, Social Security, and Medicaid, which includes CHIP and Obamacare) and interest on the debt. Don't tell them that President Dreamy McMompants is taking us to 25 TRILLION in National debt. Screw that. That would spoil the party. Yay deficit! Go Barack!
Posted on 11/14/14 at 10:51 am to udtiger
quote:
I wonder if you were saying this when CBO scored the Obamacare bill?
i never have supported obamacare. I don't think its as bad as many here do but I think it was a really stupid fricking bill. Give me universal healthcare, nothing else is acceptable IMHO.
Posted on 11/14/14 at 10:53 am to Lsupimp
quote:
Let's throw a party for all you low-information types. Please don't tell them that in less than two decades, all projected tax revenues will be consumed by three federal programs (Medicare, Social Security, and Medicaid, which includes CHIP and Obamacare) and interest on the debt. Don't tell them that President Dreamy McMompants is taking us to 25 TRILLION in National debt. Screw that. That would spoil the party. Yay deficit! Go Barack!
Don't you know we should be praising Obama for cutting the deficit? It's like he shot us in the leg 10 times and we are expected to be falling over with joyous thanks that he gave us 6 Band-Aids.
Posted on 11/14/14 at 10:57 am to BugAC
I'm not backpeddling at all. It's the majority opinion on this board that Democrats don't care about the deficit. I was just pointing out that the Republicans don't either. I mean the thread title is:
And you've yet to answer that question.
You dumb.
quote:
Why aren't Republicans talking about the deficit?
And you've yet to answer that question.
You dumb.
Posted on 11/14/14 at 11:01 am to Hawkeye95
I've heard the exact strategy the last 6 years. 
And to answer the OP.
The election was not a referendum on the deficit or debt. As I know you noticed. So this thread was a poke in the eye of people around here and you know it.
Looking down the road I think most agree that long term debt reduction is just not going to happen.
As to yearly deficit as you also know its a relationship between revenue and how much the gov spends.
Rev is up as is gov spending. I don't see much change coming in either category the next two years.
And to answer the OP.
The election was not a referendum on the deficit or debt. As I know you noticed. So this thread was a poke in the eye of people around here and you know it.
Looking down the road I think most agree that long term debt reduction is just not going to happen.
As to yearly deficit as you also know its a relationship between revenue and how much the gov spends.
Rev is up as is gov spending. I don't see much change coming in either category the next two years.
Posted on 11/14/14 at 11:02 am to Hawkeye95
quote:Yeah, because blaming the previous administration for everything would just be so fricking pathetic. Good thing Obama never blamed Bush for anything.
I'm quite sure that republicans will pull out the blame obama card, especially if they win the presidency in 2016.
Posted on 11/14/14 at 11:02 am to Green Chili Tiger
quote:
And you've yet to answer that question.
1st page, my first response.
quote:
You dumb.
You were saying?
Posted on 11/14/14 at 11:04 am to FT
quote:Are you delusional, stupid, or both. I'll go with both.
If I spent $4,000 three months ago, then $3,500 the next month, then $3,000 last month and $2,500 this month, it would be a clear sign of a trend toward balancing my monthly budget. I'd still be adding debt, sure, but that's almost irrelevant at this stage. You have to overcome the deficit before you can overcome the debt.
And we are.
This post was edited on 11/14/14 at 11:07 am
Posted on 11/14/14 at 11:08 am to Hawkeye95
quote:
They are setting up the blame obama strategy for 2016 and beyond.
When the truth fits, tell it.
Posted on 11/14/14 at 11:10 am to Green Chili Tiger
ALL economists correctly factor in GDP to deficits and they always have. But it has always been understood that it is FAR less critical than the NATIONAL DEBT.A 25 trillion dollar debt has the capacity to sink us. You are asking us to declare a victory for fiscal sanity when we are headed for a cliff. It's like giving Curley Hallman a trophy because we scored 14 points in a quarter during a 48 point loss in the middle of a 2-10 season. It's ludicrous on it's face.
Posted on 11/14/14 at 11:11 am to Green Chili Tiger
quote:
Why aren't Republicans talking about the deficit?
And you've yet to answer that question.
Ebola. Midterms. Gruber admitting Obamacare was an intentional, calculated fraud. Possible unconstitutional EOs for illegals. Europe kicking our arse in space while we reach out to muslims. ISIS. IRS.
There's some other stuff going on. But if you want to beat off to Obama's "accomplishment" of returning our deficit to its outrageously high Bush levels, after having racked up $7T in debt over 6 years, go right ahead.
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