prezBO sending out emails saying he cut deficit in half

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Dec 29, 2013.

  1. g8orbill
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    g8orbill Gators VIP Member

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  2. 108
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    the deficit rose to $1.2 trillion in fiscal 09 before Obama even took office, ended with $1.4 trillion

    2013: CBO projected deficit: $642 billion

    http://cbo.gov/publication/44172
  3. gatorman_07732
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    gatorman_07732 Well-Known Member

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    He's actually correct, this is not the national debt but rather the deficit

    [​IMG]
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  4. fredsanford
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    fredsanford VIP Member

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    If you want fiscal responsibility from a prez, elect a Dem.
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  5. 108
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    as for the debt, would have been nice to not have the debt rise to $10 trillion before the worst recession since the GD, where Government spends to offset the private sector going into a shell
  6. SydneySLee
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    SydneySLee Active Member

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    Not sure this should be considered a good accomplishment in that no other president has ever had a 640 B deficit in the history of the US other than Bush in 2009. Plus for Bush's eight years his average deficit was: 380 B.
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  7. Bushmaster
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    Bushmaster Well-Known Member

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    The 1.2 trillion deficit was 700 billion in bailout money that was repaid in 2009. Real spending that year was 500 billion.
  8. 108
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    for our government, it's accomplishment that it didn't stay up there

    more to go obviously
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  9. gatorman_07732
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    gatorman_07732 Well-Known Member

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    I agree this is no great accomplishment, the ironic part is this has more to do with the hated congress than anything else. I get it, the president has the pulpit and is going to take credit.
  10. RealGatorFan
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    RealGatorFan Well-Known Member

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    Some of that he should thank Congress for it. The shutdown took a bit off the deficit and the cuts in spending by the House isn't his to take credit for.
  11. surfn1080
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    surfn1080 Well-Known Member

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    Wait now he wants to take credit after he whined up and down America about cuts??
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  12. trekcid
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    trekcid Premium Member

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    He does not talk about tax receipts are at the highest amounts in decades. Tax the heck out of everyone and
    You can pay down a lot of debt.
  13. dangolegators
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    dangolegators Well-Known Member

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    One reason he doesn't talk about this is because they aren't. Real tax receipts are still well below the average of the last 40 years or so.
  14. trekcid
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    trekcid Premium Member

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    When you talk about averages that is different than total dollars. Rates have been much higher in recent decades
    But total dollars collected are up.
  15. chompalot
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    chompalot Well-Known Member

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    Oh, you mean by adding $24B to the deficit as a result of shutting down the government the House actually "took a bit off" of the deficit. Right
    Last edited: Dec 30, 2013
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  16. dangolegators
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    dangolegators Well-Known Member

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    And I'm assuming you make a lot more money now than you did 20 years ago. There's this thing called inflation... Tax revenues as a percentage of GDP are no where near their high point.
  17. trekcid
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    trekcid Premium Member

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    I do not disagree with your statement . I said total dollars collected are up. Your statements are correct. Percentage of
    GDP, tax rates etc. have been higher in past decades. It really comes down to how much does a government need to operate. The majority of the expenditures are paid out in various programs , S.S., welfare, Medicare, medicaid,etc. etc.
    A lot of people think the government should cut the military so that money could be given back to the needy.
    For the deficit to be cut in half while the total debt has risen to approx. 17 trillion says something on where the money is going.
  18. asuragator
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    asuragator Well-Known Member

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    Not unlike his political opponents in congress wanting to criticize him about spending. It's nose shi*t laughing at ear sh*t
    Last edited: Dec 30, 2013
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  19. asuragator
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    Of course. I would worry when a president wouldn't take credit.

    But it is kind of funny though how the pub congress can't take credit...which is because they've been so busy bashing him and holding him responsible for any and all alleged profligate spending that they have no viable way to make such an argument without also wanting to have it both ways.
  20. fubar1
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    The best thing the House can do is try and keep holding some kind of line on spending, say no to any new taxes and just left inflation increase tax receipts until we're at much lower deficits.

    This President and his allies in Congress want nothing more than to rapidly increase deficit spending and then continue to tax the bejeezus out of America to pay for it. The House is the only hope left to eventually lower the deficit and ultimately stop adding to the debt.

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