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Old February 23rd, 2015, 01:37 AM   #1
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President Obama 2008, what does this mean for him in 2015

http://www.youtube.com/watch?v=DyLmru6no4U

During the Obama administration debt has increased ~9 trillion

Why are not liberals holding Obama to his words...

Does this mean he is only 1/2 as patriotic as Bush?

(These are based on his words he used in attacking Bush)... ...
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Old February 23rd, 2015, 03:49 AM   #2
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Obama has cut the deficit in half.
Bush began with a surplus and left with a 1.4 trillion deficit.
Obama began with a 1.4 trillion deficit, this year it's projected to be 468 billion.
Why don't conservatives understand that the debt is a product of the deficit, and a president can raise the deficit, like Reagan, Bush and Bush did or reduce the deficit like Clinton and Obama did.

That's the only effect a president can have on the debt...
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Old February 23rd, 2015, 04:30 AM   #3
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Quote:
Originally Posted by goober View Post
Obama has cut the deficit in half.
Bush began with a surplus and left with a 1.4 trillion deficit.
Obama began with a 1.4 trillion deficit, this year it's projected to be 468 billion.
Why don't conservatives understand that the debt is a product of the deficit, and a president can raise the deficit, like Reagan, Bush and Bush did or reduce the deficit like Clinton and Obama did.

That's the only effect a president can have on the debt...
Yes, it would have been nice if Bush had not started two wars (both unpaid for), a Senior Prescription Drug Program (also unpaid for) and cut taxes despite all that new "unpaid for" spending. It would have been nice if Wall Street had not committed the largest financial fraud of our lifetimes just before the man took office. Rethuglican ignorance created the problem and now they blame the black guy rather than admit that their neocon war dreams and voodoo trickle down economics created the problem. TYPICAL.
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Old February 23rd, 2015, 06:29 AM   #4
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Quote:
Originally Posted by goober View Post
Obama has cut the deficit in half.
Bush began with a surplus and left with a 1.4 trillion deficit.
Obama began with a 1.4 trillion deficit, this year it's projected to be 468 billion.
Why don't conservatives understand that the debt is a product of the deficit, and a president can raise the deficit, like Reagan, Bush and Bush did or reduce the deficit like Clinton and Obama did.

That's the only effect a president can have on the debt...
The budget deficit was $400 billion when Obama took office, and that includes the Q1 TARP spending from GWB.

Here I will include the real numbers for you since you don't much of a memory. With the recession of 2001 we did go from a fake surplus to deficits and the wars really ballooned the deficit as you can see. But the deficit was reduced to $160 billion in 2007, then Democrats took over the purse strings and the rest is history. GWB's largest deficit was $459 billion after Dems got both houses of Congress. We will never see a deficit that small under Obama.

It's funny, Obama increased the deficit to $1.4 trillion then took credit for reducing his own record setting deficits.


http://www.whitehouse.gov/omb/budget/Historicals/


Year Total
Receipts Outlays Surplus or Deficit (–)

2001 1,991,082 1,862,846 128,236
2002 1,853,136 2,010,894 -157,758
2003 1,782,314 2,159,899 -377,585
2004 1,880,114 2,292,841 -412,727
2005 2,153,611 2,471,957 -318,346
2006 2,406,869 2,655,050 -248,181
2007 2,567,985 2,728,686 -160,701
2008 2,523,991 2,982,544 -458,553
2009 2,104,989 3,517,677 -1,412,688
2010 2,162,706 3,457,079 -1,294,373
2011 2,303,466 3,603,059 -1,299,593
2012 2,449,988 3,536,951 -1,086,963
2013 2,775,103 3,454,647 -679,544
2014 3,021,487 3,506,089 -484,602
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Old February 23rd, 2015, 07:43 AM   #5
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Quote:
Originally Posted by TNVolunteer73 View Post
http://www.youtube.com/watch?v=DyLmru6no4U

During the Obama administration debt has increased ~9 trillion

Why are not liberals holding Obama to his words...

Does this mean he is only 1/2 as patriotic as Bush?

(These are based on his words he used in attacking Bush)... ...
You really are SUCH a hypocrite and bad at math too !!! At least you're consistent on this one. But once again in your zeal to blame Obama you've forgotten your own words.

If someone mentions Bush and the debt, you VERY QUICKLY remind us that CONGRESS controls the purse strings. But when it comes to Obama, you act as if there was no congress, and that he had personally signed every check.

Now if we're going to blame presidents. When Bush took office the national debt was $5.6 Trillion dollars. By the time he left office it was $11 Trillion dollars.

The Debt is now just north of $18 Trillion meaning that $7 trillion has been added by Obama. So you've over stated by at least $ 2 Trillion.

I would suggest that at least $1 Trillion of that figure are legacy costs of the wars in Iraq and Afghanistan.

I'm like you. I live well within my means. I'm not debt free but the only thing I owe is a small mortgage. So I find the exploding debt alarming. But it's a systemic problem. Somebody, somewhere is going to take the hit and no one really wants to be the bad guy. Military, healthcare and social security (which really should be counted separately) make up 75% of the federal budget. Who gets the short end of the stick ??

The only saving grace is that more half the debt is owed to ourselves. Social Security and the Fed reserve hold something like 44% of the debt. Americans (via saving bonds) own another 10%.
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Old February 23rd, 2015, 08:26 AM   #6
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Quote:
Originally Posted by goober View Post
Obama has cut the deficit in half.
Bush began with a surplus and left with a 1.4 trillion deficit.
Obama began with a 1.4 trillion deficit, this year it's projected to be 468 billion.
Why don't conservatives understand that the debt is a product of the deficit, and a president can raise the deficit, like Reagan, Bush and Bush did or reduce the deficit like Clinton and Obama did.

That's the only effect a president can have on the debt...
Obama has cut his own deficit in half temporarily.

Bush did not have a surplus, but had to pay back the $300+ billion Clinton borrowed from Social Security to claim a faux surplus.

If debt is a product of the deficit, then explain how Clinton had a surplus and the debt increased at the same time.

What Obama’s polices have left the country with is a projected deficit of $1 trillion in ten years unless someone comes along and cleans up behind him.
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Old February 23rd, 2015, 09:30 AM   #7
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Originally Posted by BubbaJones View Post
You really are SUCH a hypocrite and bad at math too !!! At least you're consistent on this one. But once again in your zeal to blame Obama you've forgotten your own words.

If someone mentions Bush and the debt, you VERY QUICKLY remind us that CONGRESS controls the purse strings. But when it comes to Obama, you act as if there was no congress, and that he had personally signed every check.

Now if we're going to blame presidents. When Bush took office the national debt was $5.6 Trillion dollars. By the time he left office it was $11 Trillion dollars.

The Debt is now just north of $18 Trillion meaning that $7 trillion has been added by Obama. So you've over stated by at least $ 2 Trillion.

I would suggest that at least $1 Trillion of that figure are legacy costs of the wars in Iraq and Afghanistan.

I'm like you. I live well within my means. I'm not debt free but the only thing I owe is a small mortgage. So I find the exploding debt alarming. But it's a systemic problem. Somebody, somewhere is going to take the hit and no one really wants to be the bad guy. Military, healthcare and social security (which really should be counted separately) make up 75% of the federal budget. Who gets the short end of the stick ??

The only saving grace is that more half the debt is owed to ourselves. Social Security and the Fed reserve hold something like 44% of the debt. Americans (via saving bonds) own another 10%.
Those ratios are shifting.


Year Gross Debt Gvt Held Public Held Fed Other
2009 11,875,851 4,331,144 7,544,707 769,160 6,775,547
2010 13,528,807 4,509,926 9,018,882 811,669 8,207,213
2011 14,764,222 4,636,035 10,128,187 1,664,660 8,463,527
2012 16,050,921 4,769,790 11,281,131 1,645,285 9,635,846
2013 16,719,434 4,736,721 11,982,713 2,072,283 9,910,430
2014 17,794,483 5,014,605 12,779,877 2,451,743 10,328,134
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Old February 23rd, 2015, 02:46 PM   #8
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Originally Posted by Libertine View Post
The budget deficit was $400 billion when Obama took office, and that includes the Q1 TARP spending from GWB.

Here I will include the real numbers for you since you don't much of a memory. With the recession of 2001 we did go from a fake surplus to deficits and the wars really ballooned the deficit as you can see. But the deficit was reduced to $160 billion in 2007, then Democrats took over the purse strings and the rest is history. GWB's largest deficit was $459 billion after Dems got both houses of Congress. We will never see a deficit that small under Obama.

It's funny, Obama increased the deficit to $1.4 trillion then took credit for reducing his own record setting deficits.


http://www.whitehouse.gov/omb/budget/Historicals/


Year Total
Receipts Outlays Surplus or Deficit (–)

2001 1,991,082 1,862,846 128,236
2002 1,853,136 2,010,894 -157,758
2003 1,782,314 2,159,899 -377,585
2004 1,880,114 2,292,841 -412,727
2005 2,153,611 2,471,957 -318,346
2006 2,406,869 2,655,050 -248,181
2007 2,567,985 2,728,686 -160,701
2008 2,523,991 2,982,544 -458,553
2009 2,104,989 3,517,677 -1,412,688
2010 2,162,706 3,457,079 -1,294,373
2011 2,303,466 3,603,059 -1,299,593
2012 2,449,988 3,536,951 -1,086,963
2013 2,775,103 3,454,647 -679,544
2014 3,021,487 3,506,089 -484,602
Maybe you didn't know this, but Obama wasn't even elected when the deficit was $400 billion, he was elected over a month into fiscal 2009, and didn't take office until nearly a third of fiscal 2009 had passed, until the actual deficit of 1.4 trillion was already locked in, tax rates weren't going to change, spending had already been appropriated and signed into law by Bush.
I'm pretty sure you don't know a whole lot about how the US government works, but now you know something that you apparently didn't know before.
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Old February 23rd, 2015, 02:53 PM   #9
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Originally Posted by Jimmyb View Post
Obama has cut his own deficit in half temporarily.

Bush did not have a surplus, but had to pay back the $300+ billion Clinton borrowed from Social Security to claim a faux surplus.

If debt is a product of the deficit, then explain how Clinton had a surplus and the debt increased at the same time.

What Obama’s polices have left the country with is a projected deficit of $1 trillion in ten years unless someone comes along and cleans up behind him.
You are right, Obama didn't cut the deficit in half, he cut it by 2/3.
There was a surplus when Bush took office, despite your inability to read and understand that fact.
I have explained the difference between debt held by the public and public debt so many times that I can only conclude those who still don't understand it are complete idiots...
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Old February 23rd, 2015, 03:01 PM   #10
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Originally Posted by goober View Post
Maybe you didn't know this, but Obama wasn't even elected when the deficit was $400 billion, he was elected over a month into fiscal 2009, and didn't take office until nearly a third of fiscal 2009 had passed, until the actual deficit of 1.4 trillion was already locked in, tax rates weren't going to change, spending had already been appropriated and signed into law by Bush.
I'm pretty sure you don't know a whole lot about how the US government works, but now you know something that you apparently didn't know before.
How much spending was in the budget Bush submitted? How much did the democrats increase spending in the budget they approved? What was the first name of the Senator from Illinois that voted for the buddy with the increased spending? What was the dollar amount over the budget Obama approved did he spend in 2009?
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