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Obama lie! Tax hikes coming for all!

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posted on Aug, 4 2010 @ 03:40 PM
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Originally posted by MrXYZ
What did you expect given the MASSIVE deficit created under Bush? Who did you expect to pay for that??

Either way, most working- or middle-class citizens actually got a tax cut this year...but it kinda makes sense that it can't go on like that. The people who are being taxed more belong mostly to the top 1% in terms of wealth...so unless you belong to them, stop acting like you got sand in your vagina


Read some real numbers.

Average Monthly Deficit
================
Bush (01/01/01 - 12/31/08) : $24.3 Billion
Obama (01/01/09 - 06/30/10) : $116 Billion

Total Deficit
================
Bush (01/01/01 - 12/31/08) : $2.3 Trillion (thru 96 months)
Obama (01/01/09 - 06/30/10) : $2.1 Trillion (thru 18-months)

Yeah, you're right, its all Bush's fault

Source

EDIT: To correct Obama presidency dates

[edit on 4-8-2010 by BuffaloJoe]

[edit on 4-8-2010 by BuffaloJoe]




posted on Aug, 4 2010 @ 03:49 PM
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Speaking of obama, I'm suprised there aint a thread asking where he, his family and the other thirty odd are off to? All of them though? You would think they knew something was up? Anyway back to topic if I were you I wouldn't worry too much the financial system is about out of steam.



posted on Aug, 4 2010 @ 03:50 PM
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Originally posted by BuffaloJoe

Originally posted by MrXYZ
What did you expect given the MASSIVE deficit created under Bush? Who did you expect to pay for that??

Either way, most working- or middle-class citizens actually got a tax cut this year...but it kinda makes sense that it can't go on like that. The people who are being taxed more belong mostly to the top 1% in terms of wealth...so unless you belong to them, stop acting like you got sand in your vagina


Read some real numbers.

Average Monthly Deficit
================
Bush (01/01/01 - 12/31/08) : $24.3 Billion
Obama (01/01/09 - 06/30/09) : $116 Billion

Total Deficit
================
Bush (01/01/01 - 12/31/08) : $2.3 Trillion (thru 96 months)
Obama (01/01/09 - 06/30/09) : $2.1 Trillion (thru 18-months)

Yeah, you're right, its all Bush's fault

Source



thank you for some real numbers. now remember people this is the deficit number not debt. the debt is the total of all deficits ok.



posted on Aug, 4 2010 @ 03:53 PM
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reply to post by BuffaloJoe
 


Problem is Bush's budget didn't end 12/31/08 it ended in September 09 with an extra $1 Trillion deficit that's not added into your figures. Oddly, Republicans only do this when they leave the economy in a huge smoking crater and blame it all on the next administration.



posted on Aug, 4 2010 @ 04:13 PM
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Originally posted by mythatsabigprobe
reply to post by BuffaloJoe
 


Problem is Bush's budget didn't end 12/31/08 it ended in September 09 with an extra $1 Trillion deficit that's not added into your figures. Oddly, Republicans only do this when they leave the economy in a huge smoking crater and blame it all on the next administration.


Every president inherits a budget.

Just for fun though, lets use your criteria and re-compute.

Average Monthly Deficit
================
Bush (01/01/01 - 12/31/08) : $24.3 Billion
Obama (10/01/09 - 06/30/10) : $111 Billion
(above poster states that its necessary to disregard Jan 09-Sep 09)

Total Deficit
================
Bush (01/01/01 - 12/31/08) : $2.3 Trillion (thru 96 months)
Obama (10/01/09 - 06/30/10) : $1.0 Trillion (thru 9-months)
(above poster states that its necessary to disregard Jan 09-Sep 09)

So you've come to argue that spending money at more than 4x the rate of Bush and matching 4-years of Bush deficits in 9-months is better?



posted on Aug, 4 2010 @ 04:29 PM
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Originally posted by ~Lucidity
What the hell is wrong with some of you people? You would rather jump in and just rant based on virtually nothing but rumors...like you're just waiting for any excuse...than to discuss and debate and find out the facts first?


I mean, come on, first determine if there's even anything here to rant about. Otherwise you be looking pretty dim. If you want to just rant, go to the rant forum, okay?


~Lucidity My friend, Come on, What is there to Discuss or Debate
any of the following
of Obamas Renege on Promises made to the American People.

You all that voted for Obama, by now you have to admit you voted for a Thug, Thief and a Loser.
There's nothing to discuss or debate when talking about Obama and our money.

www.cbsnews.com...
Obama Reneges on Health Care Transparency.
As a Candidate, President Obama Promised to Put Health Care Reform Negotiations on C-SPAN.
Or:
www.youdecidepolitics.com...
Obama reneges on promise to black farmers.
Or:
blog.washingtonpost.com...
Obama Reneges on Public Financing.
Or:
firstread.msnbc.msn.com...
Obama agenda: Discussing the Bush tax cuts.
Or:
www.azcentral.com...
Obama reneges on border funding.

and as of this morning: www.nypost.com...
Sheriff Taylor's health pitch sparks cardiac arrest.

We're paying for it.

That's right. It is taxpayers who are coughing up the $700,000 to run the ad all over the country in a government campaign to sell its cockeyed health-care scheme.

Read more: www.nypost.com...



posted on Aug, 4 2010 @ 04:42 PM
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reply to post by BuffaloJoe
 


You still aren't able to get it right it seems. You're using Clinton's Surplus from 2000 and cutting Bush's deficit from 2009. Bush Oct. 2001 - Sept 2009. Obama Oct 2009 - Sept 2010.

Gross Federal Debt 2001 $5,769,881
Gross Federal Debt 2009 $11,875,851
Total added to Federal Debt $6,105,970 that's millions ie: 6.1 Trillion
Average monthly deficit $63.6 Billion

Gross Federal Debt 2009 $11,875,851
Gross Federal Debt 2010 $13,050,826
Total added to Federal Debt $1,174,975 that's millions ie: 1.2 Trillion
Average monthly deficit $97.9 Billion

Still more in Obama's court on a monthly average, but Bush had 6 years of a good economy starting out.


edit: updated 2010 federal debt.

[edit on 8/4/2010 by mythatsabigprobe]



posted on Aug, 4 2010 @ 06:11 PM
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reply to post by mythatsabigprobe
 


Not sure where you are spinning your numbers from but the US Treasury Department is supplying these.

Bush takes office on January 20, 2001.
Cumulative deficits going back to October 1980 are: $2.5 trillion dollars

Bush leaves office on January 19th, 2009.
Cumulative deficit is then: $4.9 trillion dollars

Subtract $2.5 from $4.9 and you get $2.4 trillion dollars

That's 96-months or roughly $25 billion per month average

During the 9-months that Bush operated under Clinton's budget, there was a surplus of $129 billion - not very significant in the grand scheme of big numbers we are talking about

Obama Deficits October 2009 to June 2010
10/2009 $176 billion
11/2009 $120 billion
12/2009 $91 billion
01/2010 $43 billion
02/2010 $221 billion
03/2010 $65 billion
04/2010 $83 billion
05/2010 $135 billion
06/2010 $68 billion

Adding 176+120+91+43+221+65+83+135+68 = 1002

That's 9-months, $1 trillion dollars.
$1 trillion divided by 9 months = $111 billion per month

What exactly are you trying to prove?

Don't argue these numbers with me. If you disagree, your gripe needs to be directed at the Department of the Treasury since they are the source.

If you need the link its in my original post.




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