/dev/null Posted September 4, 2012 Share Posted September 4, 2012 Just for context purposes. The Budget deficit under BO has been over 8% of revenues. Under W it was 2%. In fact at no time since WW2 including under Carter, has the deficit as a percent of GDP been this bad. Even whitehouse estimates for the next 4 years put it at 3.5%. For further perspective, at no time since WW2 have we ever had a single year where the deficit was more than 6%, and yet all four years of BO have all been over 8%. ; There's that number again... Link to comment Share on other sites More sharing options...
DC Tom Posted September 4, 2012 Share Posted September 4, 2012 Ignoring the budget? It's the right thing to do. What budget? We have a budget? When was that passed? Link to comment Share on other sites More sharing options...
B-Large Posted September 4, 2012 Share Posted September 4, 2012 Just curious, do you think one approach is better than the other? And has either approach worked in the past? At this point, it would probably take both. Like Tom stated, at this point facing the reality fo this situation will likely take both. Tax increases in the absence of reforms in place and passed into law should be ground for a flogging. I don't think Americans mind paying a litle more to help pay back the sins of the past, but they do not want to continue paying more if the sinners continue to do their thing. -It should not be considered earth shaterring extremism to discuss voucherizing Medicare. -A discussion about what the Pentagon needs to protect the country should ot have to be a referrendum on who is weak on defense -Social Security does not have to be a National Pension System- it can be a program that is in place to give people a dignified end to their life as it was intended- we should be to discuss this without "throwing people in the streets" rhetoric Everything i the Federal Government shoud fall under this scrutiny "Does it work, does it add value, can it be done by States, can it be done less expensive. Link to comment Share on other sites More sharing options...
B-Man Posted September 4, 2012 Share Posted September 4, 2012 Two Years Ago Just about this time in 2010, the Obama administration, in the person of Treasury secretary Timothy Geithner, proclaimed to the world that the economic recovery had begun. “Welcome To The Recovery” was the title of Geithner’s op-ed in the New York Times. “Exports are booming,” Geithner boasted. “Businesses have repaired their balance sheets and are now in a strong financial position to reinvest and grow.” Someone at one of the debates should ask how, after a short burst of reasonable growth in 2010, George W. Bush was able to reach out and crush the Obama economy. Link to comment Share on other sites More sharing options...
Gary M Posted September 4, 2012 Share Posted September 4, 2012 Ignoring the budget? It's the right thing to do. budget, what budget? Is it really an deficit if you don't have a budget? Link to comment Share on other sites More sharing options...
Koko78 Posted September 4, 2012 Share Posted September 4, 2012 What budget? We have a budget? When was that passed? The budget that the Democrats haven't proposed, attempted to vote on or even written a first draft of due to Republican obstructionism. Ignoring that budget is the right thing to do. Link to comment Share on other sites More sharing options...
B-Large Posted September 4, 2012 Share Posted September 4, 2012 budget, what budget? Is it really an deficit if you don't have a budget? Whoa, that is deep.... Link to comment Share on other sites More sharing options...
Doc Posted September 4, 2012 Share Posted September 4, 2012 Budget? We don't need no steenkin' budget! Link to comment Share on other sites More sharing options...
VABills Posted September 5, 2012 Author Share Posted September 5, 2012 Brought to you by FAUX News and Conservative bloggers. The TWO sides refuse to work together no matter what Americans ask of them. The Party of NO won't budge (GOP) and the Dems are being just as stubborn. and FTR 4 years ago we were in a Financial FREE FALL. The Dow was plummeting from 1400 on its way to less than 7000. For those tan can do math. 50% drop in value March of 2009 - The Dow Jones industrial average (INDU) dropped to 6,547.05, its lowest point since April 15, 1997. While the DJIA had nothing to do with balancing the budget, last time I checked BO was in office in March 2009. In fact, The DJIA really started crashing in Sep 2008, when it was obvious BO and his socialist/nazi regime was going to win. Businesses have taken this long to get back on track and figure out how to be profitable in such a regulatory/anti-business environment. Big business/publicly traded businesses adapt because they have to, but the market will really take off if a lot of the taxes and controls are removed. Are you familiar with supply and demand, if you have fewer folks then you have to charge more to get to a certain level, but if more folks are in your market then you can take less and still get the same amount of money. Same with the economy, if you have less folks sucking on the government tit and making their own money then you have a larger tax base. You can then charge each a little bit less rather than continue raping the top couple percent. When the people have more money, they are not going to stick it under their matrass, they invest in 401K, stocks, IRA's etc.... The more invested the more companies grow, the more companies grow the more money in taxes they pay, buy having more revenue because everyone has more money, bigger market. Grow the market (economy), charge everyone a little less and you'll wind up with more money overall, hence balancing the budget and actually paying down debt. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted September 5, 2012 Share Posted September 5, 2012 The notion that the market crash of 08' had anything at all to do with the upcoming election is completely absurd. Link to comment Share on other sites More sharing options...
Gary M Posted September 5, 2012 Share Posted September 5, 2012 While the DJIA had nothing to do with balancing the budget, last time I checked BO was in office in March 2009. In fact, The DJIA really started crashing in Sep 2008, when it was obvious BO and his socialist/nazi regime was going to win. Businesses have taken this long to get back on track and figure out how to be profitable in such a regulatory/anti-business environment. Big business/publicly traded businesses adapt because they have to, but the market will really take off if a lot of the taxes and controls are removed. Are you familiar with supply and demand, if you have fewer folks then you have to charge more to get to a certain level, but if more folks are in your market then you can take less and still get the same amount of money. Same with the economy, if you have less folks sucking on the government tit and making their own money then you have a larger tax base. You can then charge each a little bit less rather than continue raping the top couple percent. When the people have more money, they are not going to stick it under their matrass, they invest in 401K, stocks, IRA's etc.... The more invested the more companies grow, the more companies grow the more money in taxes they pay, buy having more revenue because everyone has more money, bigger market. Grow the market (economy), charge everyone a little less and you'll wind up with more money overall, hence balancing the budget and actually paying down debt. Bigcats head will explode if he reads this!! Link to comment Share on other sites More sharing options...
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