John Adams Posted July 28, 2008 Posted July 28, 2008 With a record forecast for this year (490 make-believe dollars), I am going to bet that Obama's deficit will be less than Bush's. This is just a prediction mind you, because I think Obama's tax increases will narrow the gap some.
Alaska Darin Posted July 28, 2008 Posted July 28, 2008 Hard to give any of it credence as the effects of such things are generally not short term. At the end of the day, the government will take in far less than they spend, regardless of the promises. And eventually our standard of living will pay dearly for it. It's only just begun.
KD in CA Posted July 28, 2008 Posted July 28, 2008 And eventually our standard of living will pay dearly for it. But we'll get more "services".
stuckincincy Posted July 28, 2008 Posted July 28, 2008 With a record forecast for this year (490 make-believe dollars), I am going to bet that Obama's deficit will be less than Bush's. This is just a prediction mind you, because I think Obama's tax increases will narrow the gap some. The 2K peeled off your hide will help. Just don't resent it.
finknottle Posted July 28, 2008 Posted July 28, 2008 It will be less than Bush, but pretty close. Revenues will drop more than his administration plans for. But heck, every kindergartner will have new crayons and every illegal immigrant will have free health care, and the rest of the world will now respect and admire us for our social programs. Especially Russia, China, Venezuela, Iran, and all the places who don't like us now.
John Adams Posted July 29, 2008 Author Posted July 29, 2008 Say what you want about moveon: I always liked the ad showing kids working to pay off Bush's debt and it turns out it was right on point.
Pine Barrens Mafia Posted July 29, 2008 Posted July 29, 2008 Say what you want about moveon: I always liked the ad showing kids working to pay off Bush's debt and it turns out it was right on point. Re: your signature... LOVE the blog, and I certainly hope you're not in agreement with that twit justnzane.
John Adams Posted July 29, 2008 Author Posted July 29, 2008 Re: your signature... LOVE the blog, and I certainly hope you're not in agreement with that twit justnzane. Wow--that's unexpected. Thanks. I quoted justnzane to honor his idiocy.
Pine Barrens Mafia Posted July 29, 2008 Posted July 29, 2008 Wow--that's unexpected. Thanks. I quoted justnzane to honor his idiocy. You and I agree on more than you think, especially in the economic realm. Social policy, not so much....
elegantelliotoffen Posted July 29, 2008 Posted July 29, 2008 Record Defecit expected in 2009 Like father, like son.
/dev/null Posted July 29, 2008 Posted July 29, 2008 Obama with Democrat Congress = Increased deficit Obama with Republican Congress = Decreased deficit McCain with Republican Congress = Increased deficit McCain with Democrat Congress = Decreased deficit Checks and balances = good
Chilly Posted July 29, 2008 Posted July 29, 2008 Obama with Democrat Congress = Increased deficitObama with Republican Congress = Decreased deficit McCain with Republican Congress = Increased deficit McCain with Democrat Congress = Decreased deficit Checks and balances = good Bush with Democratic Congress = Biggest Deficit of All-time....
PastaJoe Posted July 29, 2008 Posted July 29, 2008 With a record forecast for this year (490 make-believe dollars), I am going to bet that Obama's deficit will be less than Bush's. This is just a prediction mind you, because I think Obama's tax increases will narrow the gap some. That 490 billion forecast are the White House numbers. They ignored the Congressional mandate to include the 80 billion appropriated for Iraq, so the real number is around 570 billion. Just like Nixon going to China, it might take someone like Obama to tell Americans that we need to tighten our federal budget belts to correct the mistakes of the past 8 years, and they'll believe him over someone else who gave disproportionate breaks to the wealthy and corporations. Ending the Iraq occupation, letting taxes get back to the pre-Bush levels, and sticking to pay-go principles in Congress should reduce the deficit, but some of it will also depend on the value of the dollar on the world markets.
John Adams Posted July 29, 2008 Author Posted July 29, 2008 If someone injects spending discipline into the government, they will get my vote. PJ: that won't be Obama.
Chef Jim Posted July 29, 2008 Posted July 29, 2008 Bush with Democratic Congress = Biggest Deficit of All-time.... Right, that's his point. A Democratic Congress with a Democratic President = Increased deficit.
Chilly Posted July 29, 2008 Posted July 29, 2008 Right, that's his point. A Democratic Congress with a Democratic President = Increased deficit. mmhmm
Alaska Darin Posted July 29, 2008 Posted July 29, 2008 Right, that's his point. A Democratic Congress with a Democratic President = Increased deficit. Doubtful. They're so disorganized it's unlikely they'll pass anything. It'll be much like the first 2 Clinton years. Doesn't really matter. There's no such thing as "fiscal responsibility" in Washington. The mandated spending is so out of hand that even cutting everything else ensures a ridiculous deficit. And we know they're not cutting everything else so let's just sit back and watch the abyss.
justnzane Posted July 30, 2008 Posted July 30, 2008 Obama with Democrat Congress = Increased deficitObama with Republican Congress = Decreased deficit McCain with Republican Congress = Increased deficit McCain with Democrat Congress = Decreased deficit Checks and balances = good about the only post I can agree with here. Now, JSP i love the caring affection you displayed for me , but I still stand by what I say. Our gov't is in deep sh--, and unless we control our spending and up the taxes to make up for our deficit, my generation and every generation after will suffer for the runaway spending that has occurred over the past 8 years.
Clinton, Bill Posted July 30, 2008 Posted July 30, 2008 Hillary thinks the budget surplus was one of my better domestic accomplishments. I rate it just under cigar enjoyment in the Oval Office. Good times. Good times.
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