It’s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama’s 1st Term

reply to post by Indigo5

Wow...are you lost on the issue..

Nope only people lost in this thread are those who think Obama has shrank the deficit or debts because

HE HASN"T.

Originally posted by Indigo5

Originally posted by Deetermined

So, while Obama may have reduced his ANNUAL deficit by $400 Billion (between 2009 - 2012), Bush was able to reduce his ANNUAL deficit by $252 Billion (between 2004 - 2007). Think about it. What's significant about Obama reducing his ANNUAL deficit by 29% when Bush reduced his by 62% while he was in office?

Strange you mysteriously seem to have forgotten the years 2007-2009?

And the leap in 2009 was based on Pres. Bush's 2008 passed spending bill for 2009.

2007 - 2009

Hmmm.

110th Congress.

Democrat chairmanship control of all committees.

Originally posted by Deetermined
The "proof in the pudding" moment won't come until ACA is completely rolled out and when/if Obama supports another war of some kind.

If you need to hypothesize about the future in order to discount the current reality, I'd argue your rebuttal fails.

Originally posted by Deetermined
In the meanwhile, we continue to see Obama pushing for immigration reform far more than focusing on jobs.

If you need to change the subject from the OP from Deficit to Jobs, then....

And the President has repeatedly and consistently put forward Multiple Jobs plans...mostly focused on long-term improvements like Infra-structure...and the GOP has consistently refused to bring any of the proposals to the house floor.

reply to post by Indigo5
We do need to think about the ACA a bit.

It takes a system where everyone has health care( note that I didn't say health insurance ), and we add layers of bureaucracy and this (somehow) will lead to less expensive healthcare.

It doesn't add up.

Originally posted by butcherguy
reply to post by Indigo5

 

We do need to think about the ACA a bit.

It takes a system where everyone has health care( note that I didn't say health insurance ), and we add layers of bureaucracy and this (somehow) will lead to less expensive healthcare.

It doesn't add up.

Do you think we are jumping around astray from the OP claim? Jobs, healthcare, welfare etc. etc.

OK...On healthcare...it's all speculation apart from CBO forecasts where it shows the deficit will be reduced by ACA.

Taking the coverage provisions and other provisions together, CBO and JCT have estimated that the ACA will reduce deficits over the next 10 years and in the subsequent decade

www.cbo.gov...

FYI:

None of these deficit numbers reflect the ramifications of QE.

Think about that long and hard.


Separate for Kali,

The US has never been moving away from the fiscal cliff. They have just been doing everything in their power to extend over it, without falling into it.

reply to post by Indigo5

Do you think we are jumping around astray from the OP claim? Jobs, healthcare, welfare etc. etc.

Its OK to include all the costs that contribute to the deficits.

Its all on topic.

We all know by now that Obama's claims in that 2009 video have failed.

Originally posted by neo96
reply to post by Indigo5

 

Wow...are you lost on the issue..

Nope only people lost in this thread are those who think Obama has shrank the deficit or debts because

HE HASN"T.

And GWB Bush added 300 Trillion to the deficit!!!

Just thought I would try your style...No sources...no links...squat...just claims contrary to facts.

reply to post by Agit8dChop


Common, Agit, my friend we know how the so call pretty in pink and lace budgets works in the US, they are nothing but scam predictions of a life in the twilice zone where an utopia of better life exist for everybody and jobs are abundance and is not working poor.

I forgot that is what politic-rats tells people during campaigns.

You know that we have not gotten any sustatiable surplus since who knows when.

Look what Bush promises to the deficit end up and we know for sure that Obama lala land predictions will end too.

Predicting something that is beyond a sitting president time is nothing but a scam as we know for a fact that Americas economy will never be back into surplus of significantly reductions without erasing the debt overnight an screwing the nations they have borrowed for decades.

Predictions only look "Pretty" in charts and they are borrowed from Wall street as they are the ones that started charting in order the lure the stupid gullible investors with colorful charts of promises

For the sake of argument,

can anybody link to any old articles that 'foretell' the 'estimates' for 2011 and 2012 ?

Say something that was written in 2009 or 2010.

reply to post by Indigo5


The sad thing is that no politicians that is honest will promise a reduction in budget when simple math shows that in todays economy and mostly the US is unsustainable and impossible.

The deficit as its today will only keep growing as the years come by, so for the sake of you mind remember do not believe any political rat that they can fix the budget and reduce the deficit because that is a lie.

reply to post by Indigo5

Just thought I would try your style...No sources...no links...squat...just claims contrary to facts.

I see someone hasn't read anything in the thread then lots of links proving Obama hasn't cut anything.


Nice try.

Originally posted by Indigo5

Originally posted by butcherguy
reply to post by Indigo5

 

We do need to think about the ACA a bit.

It takes a system where everyone has health care( note that I didn't say health insurance ), and we add layers of bureaucracy and this (somehow) will lead to less expensive healthcare.

It doesn't add up.

Do you think we are jumping around astray from the OP claim? Jobs, healthcare, welfare etc. etc.

OK...On healthcare...it's all speculation apart from CBO forecasts where it shows the deficit will be reduced by ACA.

Taking the coverage provisions and other provisions together, CBO and JCT have estimated that the ACA will reduce deficits over the next 10 years and in the subsequent decade

www.cbo.gov...

Is that the same CBO who put the national debt at over 20+ trillion dollars in 2016 ?

and it was 10 trillion when Obama started which has a net gain of DOUBLE.

The debt doubled so how has anything shrank ?

Fuzzy math strikes again.

reply to post by xuenchen




The Budget and Economic Outlook: Fiscal Years 2010 to 2020
www.cbo.gov...

The Budget and Economic Outlook: Fiscal Years 2013 to 2023

www.cbo.gov...

The Budget and Economic Outlook:
Fiscal Years 2002-2011

www.cbo.gov...

The Budget and Economic Outlook:
Fiscal Years 2009 to 2019

www.cbo.gov...

History of the United States public debt

en.wikipedia.org...

In the last link you can find a list of presidents by term of how their spending have affected the deficit

Have fun with the info.

So far beside some variants no president has been able to reduce the deficit for the last 30 years.

Here is a link to a page at the CBO dated Jan 2009.

It has links in excel and pdf.

lots of figures.

in short.....

The projections were way way off on the deficit !!!!

It looks like they had the 2012 deficit at -264 billion

tables

WAY WAY FF

Main Page;
The Budget and Economic Outlook: Fiscal Years 2009 to 2019

reply to post by marg6043




you beat me to it

reply to post by xuenchen


When I see the CBO "outlook" of the deficit predictions they are base in yearly terms starting from the standing year to the predictions that are given by the standing president for the term that they promise to reduce the deficit.

Sadly the figures always change, they keep increasing regardless of promises, this to me is a type of propaganda that has worked well for the presidents and future candidates but the public are catching up with the lies.

Promises of budget reductions are nothing but immoral and deceiving, to keep the public from complaining when taxes are increased and program cuts are introduced, none of these have help improve the economic outlook or lowered the deficit.

We know for a fact all the promises of Obama deficit reduction are lies because all the cuts that he has done are going to feed the Obamacrap mammoth program and they are still falling short.

Originally posted by Indigo5

Originally posted by butcherguy
reply to post by Indigo5

 

We do need to think about the ACA a bit.

It takes a system where everyone has health care( note that I didn't say health insurance ), and we add layers of bureaucracy and this (somehow) will lead to less expensive healthcare.

It doesn't add up.

Do you think we are jumping around astray from the OP claim? Jobs, healthcare, welfare etc. etc.

OK...On healthcare...it's all speculation apart from CBO forecasts where it shows the deficit will be reduced by ACA.

Taking the coverage provisions and other provisions together, CBO and JCT have estimated that the ACA will reduce deficits over the next 10 years and in the subsequent decade

www.cbo.gov...

Yes, it has been jumping around a bit.
Just saying that if anyone thinks that the ACA, when fulling enacted, will not add to the Federal deficit.... well, they are not thinking clearly.

reply to post by Indigo5

And the President has repeatedly and consistently put forward Multiple Jobs plans...mostly focused on long-term improvements like Infra-structure...and the GOP has consistently refused to bring any of the proposals to the house floor.

The whole "infra-structure" plan is a farce. His plan calls for the private sector to step up and provide $20 for every $1 in federal grant money. Personally, I think Obama would be doing better if he provided federal grant money for putting state and local government employees through "Fund Raising Training". People don't care any more about the government's promises of easy credit or loans when the prospect of interest rate increases and inflation are looming around every corner.

reply to post by butcherguy


Is not that they are not thinking clearly is that they are been lying and while trying to deceive the tax payers so when the crap hit the ceiling more taxes will be added to the working class.

People needs to understand that anybody can put figures on paper and charts for a future that has not happened yet, but reality said that since the CBO is been doing predictions and the years has passed by, none of them match, the deficit keeps increasing regardless of promises, pretty charts and sugar coated numbers.