Obama Budget Speech

#1
volinbham

volinbham

VN GURU
Joined
Oct 21, 2004
Messages
69,806
Likes
62,563
#1
Just said that in the 90s we were on our way to being debt-free.

Holy crap what is he smoking.
 
#5
#5
obama talking about how our interest cost will go up, but is currently issuing primarily 5 year treasuries. brilliant.
 
#7
#7
strawman fest. "some politicians believe we can get rid of the deficit only by cutting foreign aid". I guarantee no politician no matter how dumb believes that.
 
#8
#8
oh noes! america wont be the same after these cuts! the republicans want to cut 25% of education (even though the states pay for it) and our roads will collapse!
 
#11
#11
Earlier he said cutting waste wasn't a solution; now it's his solution to lowering HC costs.

Awesome.
 
#12
#12
anyone get the feeling Paul Ryan scared him? I'm not watching but it is odd we suddenly have action on this
 
#15
#15
Interesting how cutting = complete elimination. Particularly when the growth in these programs has been huge in the last 2 years.
 
#16
#16
volinbham said:
Just said that in the 90s we were on our way to being debt-free.

Holy crap what is he smoking.
Click to expand...

Well, he's not far wrong. Would have been more accurate to lay blame where it belongs, Reagan. However, the 1990s did debt decrease relative to GDP, something that happened since WWII before the irresponsibility of Ronnie Raygun.

national-debt-gdp.gif


Worth mentioning the deep irresponsibility of Bush the Lesser too.
 
#18
#18
utgibbs said:
Well, he's not far wrong. Would have been more accurate to lay blame where it belongs, Reagan. However, the 1990s did debt decrease relative to GDP, something that happened since WWII before the irresponsibility of Ronnie Raygun.

national-debt-gdp.gif


Worth mentioning the deep irresponsibility of Bush the Lesser too.
Click to expand...

A few years of surplus aided by huge GDP growth reduced some debt but were nowhere close to erasing ALL DEBT as in DEBT FREE.
 
#19
#19
utgibbs said:
Well, he's not far wrong. Would have been more accurate to lay blame where it belongs, Reagan. However, the 1990s did debt decrease relative to GDP, something that happened since WWII before the irresponsibility of Ronnie Raygun.

national-debt-gdp.gif


Worth mentioning the deep irresponsibility of Bush the Lesser too.
Click to expand...

you continue to push this senselessness regarding Reagan but never include the idiotic dem congress, which was bullied by Tip the sorry for the entirety of the time. Somehow, that congress gets a pass from you. Pull your head from your ass and figure out that Reagan had to give in to keeping Tip's voter base at the polls.
 
#20
#20
notice how Clinton's line on that graph starts moving sharply downward at about the time the GOP takes control of both houses of Congress?

Also, under Obama, the increase is steeper than even that under FDR during WWII.
 
#21
#21
MG1968 said:
notice how Clinton's line on that graph starts moving sharply downward at about the time the GOP takes control of both houses of Congress?

Also, under Obama, the increase is steeper than even that under FDR during WWII.
Click to expand...

conveniently ignored in these debates, but was clearly a driver there. Clinton has to be given his due for his total 180 after the dem wipeout, but that congress drove the train.

I believe Reagan would have actually shrunk the government over his tenure had he been given total control like Bush had.
 
#22
#22
spending went up in clinton's presidency. the dotcom bubble provided all those increased tax revenues that led to the deficit reduction. it was artificial.
 
#23
#23
droski said:
spending went up in clinton's presidency. the dotcom bubble provided all those increased tax revenues that led to the deficit reduction. it was artificial.
Click to expand...

convenience of masked numerators and denominators. Those weak with math and econ like stuff like that.
 
#24
#24
volinbham said:
A few years of surplus aided by huge GDP growth reduced some debt but were nowhere close to erasing ALL DEBT as in DEBT FREE.
Click to expand...

It was political hyperbole to be sure, but going in the correct direction. As I said, it would have been better history to just take it back to Reagan.

I believe we raised taxes too to get all those surpluses, and we certainly didn't lose business either.
 
#25
#25
droski said:
spending went up in clinton's presidency. the dotcom bubble provided all those increased tax revenues that led to the deficit reduction. it was artificial.
Click to expand...

Certainly the maturity of microelectronics (thanks gov't) helped the Clinton economy. I will only ever praise it relative to what came before and after.

"Spending went up" is the equivalent of the "people have cell phones now." The increased revenues were thanks to tax increases.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top