[TCjwwhcY]

Can't wait to hear what he has to say. Will be about debt talks most likely. I think the public needs to be better informed about the hostage taking going on here by the GOP. If there is no raising of the debt ceiling, the entire economy will have been crashed on purpose.

[uaodnabnjz]

Then again it is not all that surprising the GOP is not going for Obama's spending spree. The flip side is Obama is really driving the economy off a cliff, all on purpose, and upset that the GOP will not help him.

I know I will be playing some serious Bullshit Bingo, anyone else in?

[UKkoXJvF]

I can't wait to miss the fuck face speech.

I heard enough of his asshole talk on radio, putting all the blame on the Republicans while all he is of concerned is running up cost flying around and fucking golf.

Obama, Reed and the bitch from Cali need to stop circle jerking themselves and I hope they get what they deserve coming....I hope their little magical world crashing around them and they end up in the street.

Obama could at least still get a cold meal from between Nancy's thighs....

[mikeyyuiok]

I don't know how good this information is but here's what is being reported:
www.redstate.com

- $1.2 Trillion in cuts over 10 years vs. $1 Trillion in borrowing today
- Additional $1.8 Trillion in cuts (again, over 10 years) with $1.6 Trillion additional borrowing assuming the cuts are approved.

Net effect? Potential for debt reduction of $400 Billion over 10 years or $40 Billion/year.

EXCEPT

3% interest on $2.2 Trillion? $66 Billion per year.
Net savings? per year IF the spending cuts really happen.

Good idea?

[nicktender]

I don't know how good this information is but here's what is being reported:
www.redstate.com

- $1.2 Trillion in cuts over 10 years vs. $1 Trillion in borrowing today
- Additional $1.8 Trillion in cuts (again, over 10 years) with $1.6 Trillion additional borrowing assuming the cuts are approved.

Net effect? Potential for debt reduction of $400 Billion over 10 years or $40 Billion/year.

EXCEPT

3% interest on $2.2 Trillion? $66 Billion per year.
Net savings? per year IF the spending cuts really happen.

Good idea?

The biggest problem I see with this is, What are they going to cut?

[mikeyyuiok]

The biggest problem I see with this is, What are they going to cut?

If history holds....not too damned much if anything!

We are living in an era where not taking someone's money is called "lost revenue" and where not increasing a cost at as fast a rate as it has been increasing is called "cutting the deficit".

It's pretty fucking pathetic that both parties are calling "less increases" a "cut". It's like your doctor telling you that your cancer is only growing half as fast so your "heading for recovery".

[TCjwwhcY]

Obama's spending spree.

Who's spending spree?

[Qxsumehj]

Whose spending? Both.

If that graph were honest, it would show part of the tax cuts as Obama's since he renewed them.

Even as is, it shows that Obama has added 1.44 trillion to the debt, and that is nothing to celebrate.

[mikeyyuiok]

Who's spending spree?

So if Obama simply decides to continue spending on stuff that the previous administration did he gets a pass? Looks to me like a little more than $3 Trillion of that stuff under Bush is, at a minimum, shared.

[YpciJQdo]

So if Obama simply decides to continue spending on stuff that the previous administration did he gets a pass? Looks to me like a little more than $3 Trillion of that stuff under Bush is, at a minimum, shared.

Not to mention that not taking someone's property is not spending. A tax cut is not spending or a "loss of revenue". It's a tax cut. If you want to talk spending, talk spending. You want to talk taxes, talk taxes. But don't try to lump them into the same category as they are different things.

[TCjwwhcY]

Whose spending? Both.

If that graph were honest, it would show part of the tax cuts as Obama's since he renewed them.

Even as is, it shows that Obama has added 1.44 trillion to the debt, and that is nothing to celebrate.

So if Obama simply decides to continue spending on stuff that the previous administration did he gets a pass? Looks to me like a little more than $3 Trillion of that stuff under Bush is, at a minimum, shared.

At least you guys are being somewhat honest. Tea partiers and the like to not lend themselves to such honesty.

The Bush tax cuts were a Republican demand which they forced Obama to accept to prevent them from shutting the government. I can't in good conscience call this an Obama addition to the deficit.

It's even a stretch to call recovery measures Obama additions since they were shock reactions to a (largely) Republican crash of the economy but in the interest of being non partisan I will put them (as the graph does) in the Obama column.

[Qxsumehj]

At least you guys are being somewhat honest. Tea partiers and the like to not lend themselves to such honesty.

The Bush tax cuts were a Republican demand which they forced Obama to accept to prevent them from shutting the government. I can't in good conscience call this an Obama addition to the deficit.

It's even a stretch to call recovery measures Obama additions since they were shock reactions to a (largely) Republican crash of the economy but in the interest of being non partisan I will put them (as the graph does) in the Obama column.

Shocking, you making excuses for Obama. Completely unexpected.

In other news, water is wet.

The "non partisan" line is hillarious, though. You are so far from being "non partisan" you couldn't see it with the Hubble.

[dayclaccikere]

So if Obama simply decides to continue spending on stuff that the previous administration did he gets a pass? Looks to me like a little more than $3 Trillion of that stuff under Bush is, at a minimum, shared.

The budget doesn't reset to zero on inauguration day.
Clinton left Bush a 300 billion dollar annual surplus.
Then a Republican President, along with a GOP Senate and House, turned that surplus into record deficits, and Bush left Obama a trillion dollar deficit, and the worst economic collapse since 1930.

What the Bush tax cuts produced was record deficits. The economy wasn't strengthened by the tax cuts, it collapsed like it was made of cheese.
Turning the economy away from free fall and bringing it to a stable state took money, there should have been a lot more stimulus, because there wasn't enough to bring the economy back to robust growth, only enough to stop the bleeding. And robust growth, and the increase in revenue it brings is the only hope this country has to balance the budget and that will take spending and the only entity in the position to spend is the federal government.

[textarchive]

The budget doesn't reset to zero on inauguration day.
Clinton left Bush a 300 billion dollar annual surplus.
Then a Republican President, along with a GOP Senate and House, turned that surplus into record deficits, and Bush left Obama a trillion dollar deficit, and the worst economic collapse since 1930.

What the Bush tax cuts produced was record deficits. The economy wasn't strengthened by the tax cuts, it collapsed like it was made of cheese.
Turning the economy away from free fall and bringing it to a stable state took money, there should have been a lot more stimulus, because there wasn't enough to bring the economy back to robust growth, only enough to stop the bleeding. And robust growth, and the increase in revenue it brings is the only hope this country has to balance the budget and that will take spending and the only entity in the position to spend is the federal government.

Clinton never once had a surplus. We've been over that, and proven it before.

[lipitrRrxX]

Obama is in deep trouble. By his own hand he went from deal maker to 'odd man out' in less than 48 hours.

At the same time his approval numbers have hit all time lows. The economy has refused to move up, and jobs... jobs in particular are dismal at best.

Equally clear is that Obama is a one trick pony... he know how to agitate and demagogue, and 'Alinsky' his opponents, but little else.

He has shown he cannot lead... not even his own party, and he cannot get a deal done. And my 18 y.o. knows more about negotiation than Obama does.

The speech is starting now....

Thoughts?

[mikeyyuiok]

The budget doesn't reset to zero on inauguration day.
Clinton left Bush a 300 billion dollar annual surplus.
Then a Republican President, along with a GOP Senate and House, turned that surplus into record deficits, and Bush left Obama a trillion dollar deficit, and the worst economic collapse since 1930.

What the Bush tax cuts produced was record deficits. The economy wasn't strengthened by the tax cuts, it collapsed like it was made of cheese.
Turning the economy away from free fall and bringing it to a stable state took money, there should have been a lot more stimulus, because there wasn't enough to bring the economy back to robust growth, only enough to stop the bleeding. And robust growth, and the increase in revenue it brings is the only hope this country has to balance the budget and that will take spending and the only entity in the position to spend is the federal government.

We've been through this before....many times before.

Since 1950 tax revenues have increased every year except 1992, 2002-2003 and 2009-2010. 1992 was a Clinton year, 2002-2003 was due to the crash after 9/11 and 2008-2010 was due to the crash of 2007. The most dramatic increase in tax revenues began in 2003....just after the implementation of the Bush tax cuts.

Here's the chart

[dayclaccikere]

Clinton never once had a surplus. We've been over that, and proven it before.

Really, proved it?

No you haven't, none of you surplus deniers have proved anything except that you don't understand the topic.

[uaodnabnjz]

Who's spending spree?

To be fair, all of them. Your Obama is not without blame, and he himself will even admit that before you will. I was simply being partisan just for a moment mostly as a joke as well as the Obama Bullshit Bingo bit. If you have read any of my posts on budgets and our debt concerns in other threads you would have already known there is plenty of blame to go around, something you still refuse to admit.

10 minutes into the speech and Obama is already misleading everyone which is no shock, can't wait to see ole John step up to the plate and do the exact same thing just for you to show up trying to pimp Obama, even though he himself would admit otherwise, as still without blame.

Oh, btw... "Bingo!"

[uaodnabnjz]

At least you guys are being somewhat honest. Tea partiers and the like to not lend themselves to such honesty.

The Bush tax cuts were a Republican demand which they forced Obama to accept to prevent them from shutting the government. I can't in good conscience call this an Obama addition to the deficit.

It's even a stretch to call recovery measures Obama additions since they were shock reactions to a (largely) Republican crash of the economy but in the interest of being non partisan I will put them (as the graph does) in the Obama column.

Bullshit, Obama could have allowed them to expire but did not out of a conituation of an ongoing class warfare game both sides are playing. He could not get them to expire for just the wealthy, thus Obama caved and allowed them all to continue making the Bush tax cuts now the Obama tax cuts. Here we are still trying to make your Obama absent of responsibility, which even himself would not agree with you. Typically partisan.

[tutkarussia]

Can't wait to hear what he has to say. Will be about debt talks most likely. I think the public needs to be better informed about the hostage taking going on here by the GOP. If there is no raising of the debt ceiling, the entire economy will have been crashed on purpose.

It was OBAMA that DISAGREED with closing loop-holes to the tune of 800 BILLION dollars- in revenue that he wanted he got---he wanted 1.2 trillion--and it's him that is using this for political gain ONLY--by wanting this in ONE single swift package that will get him through to 2012.

No Way--I don't care if they fight about this until dooms day--cuts have to be made--and they can't be on false premises--with NO details. Or the pay me first and I'll cut later bill.

Attachment 11501