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Obama States He Cut The Deficit By Half -This One Is For Obama Lovers

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posted on Oct, 17 2013 @ 09:00 PM
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reply to post by Zaphod58
 


I know, I am here in ATS all the time, I hear more than enough the blame going back and forward.




posted on Oct, 17 2013 @ 09:01 PM
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reply to post by Zaphod58
 


Debt and deficit are two different things- UNTIL that deficit gets added onto the DEBT.
THEN- it starts all over at 0.

Nobody is arguing they are the same thing. You guys are just trying to make that an arguement in order to have a rational point of arguement- but nobody here is arguing that.

And it is good to see that you say Obama is wrong- but like you said- you arent an Obama supporter...so I give you half credit =)



posted on Oct, 17 2013 @ 09:07 PM
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reply to post by Common Good
 


And yet, it's listed separately. There are even statistics for deficit by president. Deficit is measured through the year, and at the end of the year it's added to the debt. If deficit and debt were tied that closely, the way it's made out, there would be no reason to measure deficit at all.



posted on Oct, 17 2013 @ 09:08 PM
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Sequester Cuts - trust me no fan of BO.

But the Sequester Cuts have really cut into the Federal Spending curve & the funny thing is it was BO who came up with it & the Dem's hate it . lol

The media spins that the Democrats won this battle but as long as the Sequester Cuts stay in place - we will win the war...as they like to say "It's the Law of Land!" .



posted on Oct, 17 2013 @ 09:13 PM
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Zaphod58
reply to post by elouina
 


But a cut is a cut. If you spent $3000 on credit cards the first four years you had them, but then dropped it to $1300, didn't you cut your spending, and cut your deficit? What's the difference? It doesn't matter if he's comparing it to his own spending, it's still a cut.


"Obama cut the deficit in half..." Please do explain to me and the others where those cuts came from, besides getting rid of the Bush tax cuts. (raising taxes) Was it by chance an uncanny effect from SEQUESTRATION? A joint agreement made between Obama and congress which went into effect as result of a dead lock in negotiations over the debt limit?

Getting rid of the Bush tax cuts brings up another issue on my mind. So the deficit was decreased partly, not because he reduced spending, but because Obama raised the taxes. Would you like to see a list of the multitude of ways that taxes were increased on US citizens by Obama to pay for his spending sprees? So Obama didn't cut squat in that respect, the American taxpayers did!

So how about he increase the tax rates a bit more so he can lower the deficit even further? Would the Obamanaites like some more?



posted on Oct, 17 2013 @ 09:19 PM
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reply to post by BABYBULL24
 


That was one of the request that Obama wanted during the negotiations but he didn't got, to stop the sequestration, now I am no very confident on the details that were worked out to avoid another shut down in January and February.

The whole issue behind the shut down was to defund Obamacare, but I am sure that by Jan, Obamacare is going to be hated by the working class and when the poor and needy starts to inundate hospitals looking for medical care without signing in for the exchanges on line because the failure of the web site is going to get very interesting, as the poor and needy are in the class that were to be handle by Medicaid expansion.

I think the pony show and circus in Washington is going to be very interesting next year, I will make sure to get enough popcorn to seat and enjoy the show again.



posted on Oct, 17 2013 @ 09:21 PM
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reply to post by Zaphod58
 


I know I know. it was a persistent money trail and my eyes are deceiving me.



it's all academic at this stage in the game.



posted on Oct, 17 2013 @ 09:22 PM
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The across the board cuts run through 2021 so it's a thorn in the side to the Socialist's.




posted on Oct, 17 2013 @ 09:23 PM
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reply to post by Zaphod58
 


Personally I think one of, (no, not all...there is partisanship, of course), the reasons that people are upset with deficits and debt now isn't in spite of Bush's spending sprees, but because of them also. Speaking for myself, I was against the Bear Stearns bailout in early 2008. Then came TARP starting in the fall of 2008...and I was very, very upset.

Obama walked into that mess I grant you, but he wanted the job, badly. So what happens? A month after taking office he pushes through a nearly 1 trillion dollar stimulus, then bails out the auto companies/UAW.

People are passionate about this because of the fact that Bush set the table, and Obama has started serving the meal. It's not *just* Obama, we - at least I - am thinking and feeling all the debt from 2001 onwards. Does Obama own it too? You're darn right he does, just as much as Bush.

I've seen 12 uninterrupted years of horrible fiscal decisions and I'm sick and tired of it.

/soapbox



posted on Oct, 17 2013 @ 09:26 PM
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Zaphod58
reply to post by Common Good
 


Obama is wrong.

There, I said it. I'm not an Obama supporter by any stretch of the imagination. But debt and deficit are two different things. And no matter how you slice it, under Bush the debt went from just under $6T to $10T, and there wasn't nearly as much outrage.


And although I do agree that the debt increase under Bush was too high, this was over a period of 8 years. So the debt went up 4 Trillion in 8 Bush years, and the Debt will have gone up 7 trillion in 5 Obama years.

But you know what? Here we go with the rationale that Bush did it so it is ok for Obama. Obama was elected to get us out of that mess, not make it worse.

edit on 17-10-2013 by elouina because: (no reason given)



posted on Oct, 17 2013 @ 09:29 PM
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off-topic post removed to prevent thread-drift


 




edit on Fri Oct 18 2013 by DontTreadOnMe because: --Off Topic, One Liners and General Back Scratching Posts--



posted on Oct, 17 2013 @ 09:32 PM
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reply to post by elouina
 


Thanks!



posted on Oct, 17 2013 @ 09:33 PM
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marg6043
reply to post by BABYBULL24
 


That was one of the request that Obama wanted during the negotiations but he didn't got, to stop the sequestration, now I am no very confident on the details that were worked out to avoid another shut down in January and February.

The whole issue behind the shut down was to defund Obamacare, but I am sure that by Jan, Obamacare is going to be hated by the working class and when the poor and needy starts to inundate hospitals looking for medical care without signing in for the exchanges on line because the failure of the web site is going to get very interesting, as the poor and needy are in the class that were to be handle by Medicaid expansion.

I think the pony show and circus in Washington is going to be very interesting next year, I will make sure to get enough popcorn to seat and enjoy the show again.



I wouldn't worry to much about Obamacare it already failed. Heard that site was a NSA set-up to mine data of people trying to enroll. It was never designed to work - just data collection.



posted on Oct, 17 2013 @ 09:36 PM
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Zaphod58
reply to post by Common Good
 


And yet, it's listed separately. There are even statistics for deficit by president. Deficit is measured through the year, and at the end of the year it's added to the debt. If deficit and debt were tied that closely, the way it's made out, there would be no reason to measure deficit at all.


Deficit is measured and kept on record to track spending. It DOES add to the debt at the end of the fiscal year.
It starts all over the next fiscal year.

If he had a Budget- there more than likely wouldnt be much of a deficit. Unless emergencies happen where there is no line item in the budget to account for.

But since we havent had a budget in 5 years-and we have a administration hell bent on printing money for things it cant possibly pay for- of course there is going to be a deficit- and of course that deficit will be added to the national debt which every man woman and child paying taxes in this country OWES.

They do not track their spending- and for a bunch of people who have graduated from prestigious schools such as Harvard and the like- you would think that they would have at least some concept of what control spending and a basic budget outline really is. The economists who advise the president- of all people- should know this.

My opinion- they are doing it on purpose- for reasons only known to them.

So lets end this whole debt vs deficit thing right now- cool? I think we all have a firm grasp of the two. No need filing the entire thread with the same arguement over such an obvious economical fact.
We are all in agreement on this.

What we are not in agreement over- is whether Obama is putting on his usual dog and pony show to make it look like he is actually doing something right.....which in my humble opinion- he is not-far from. His advisors should and probably already have hipped him to the game- but his head is too big to listen to anyone who has expert analysis on the subject. He would rather rule from the point of view that everyone in this country is ignorant. Which should be a slap in the face to anyone who has to work to the bone to put food on the tables of their families with the crap wages they are paid. If a McDonalds worker has to budget out his money to live- then its not too much to ask that their government do more to manage the entire countries financial situation in a manner that benefits society as a whole instead of bringing them down.



posted on Oct, 17 2013 @ 09:37 PM
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elouina
Obama was elected to get us out of that mess, not make it worse.


YES!! Exactly! He absolutely promised he would be fiscally responsible and start to turn the huge debt that we'd taken on during Bush's Presidency around. That was what I voted for in 2008.



posted on Oct, 17 2013 @ 09:42 PM
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BobM88

elouina
Obama was elected to get us out of that mess, not make it worse.


YES!! Exactly! He absolutely promised he would be fiscally responsible and start to turn the huge debt that we'd taken on during Bush's Presidency around. That was what I voted for in 2008.


Well i guess the joke is on you...c'mon any cursory search back in 2008 would have indicated he was a Progressive Socialist along with his top advisor Valerie Jarrett who is an Iranian Marxist.

No red flags there...lol



posted on Oct, 17 2013 @ 09:45 PM
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Once again FOX is reporting BS. When Obama took office in his first term the deficit was 1.5 trillion not 445 billion.

Meet The Facts

Obama did say he would cut it in half and he hasn't but it is greatly reduced.



posted on Oct, 17 2013 @ 09:45 PM
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reply to post by BABYBULL24
 


Congratulations, you have won this thread!



posted on Oct, 17 2013 @ 10:10 PM
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BobM88

elouina
Obama was elected to get us out of that mess, not make it worse.


YES!! Exactly! He absolutely promised he would be fiscally responsible and start to turn the huge debt that we'd taken on during Bush's Presidency around. That was what I voted for in 2008.


Ditto! Well, I didn't vote that year, but I was rooting for him! Yes folks you heard right, Elouina was an enamored Obamanite. 2012 was the first year that I voted in over a decade. And I guess you all know why.



posted on Oct, 17 2013 @ 10:14 PM
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reply to post by BABYBULL24
 


Actually is some scandal going on with Sebelius, she is now been blamed for the failure of the Government site for Obamacare, and is going to be an investigation to find out where the billions of dollars that were awarded to start the site has gone.

It was a public request on the media for her resignation.

I need to find more information on that.



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