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Status:
"everybody getting reported now.."
(set 22 days ago)
Location: Pine Grove,AL
29,550 posts, read 16,536,658 times
Reputation: 6033
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Quote:
Originally Posted by toryturner
The deficit is not the DEBT which will be approaching 20 TRILLION by the time President Obama hits the exit door. You apparently do not understand the difference. Go back and take Econ. 101.
Considering that both his link and his OP are about the deficit, it is clear he does.
You however either dont understand the difference or are trying to overshadow the OP's point. Either way, the fault is on you.
Status:
"everybody getting reported now.."
(set 22 days ago)
Location: Pine Grove,AL
29,550 posts, read 16,536,658 times
Reputation: 6033
Quote:
Originally Posted by HappyTexan
LOL..wasn't it he who drove that deficit that high over his 8 year "Reign of spending" ?
Comments like this are why I lose faith in people in this nation having legitimate conversations across party lines.
Regardless of how you feel about President Obama's polices, you can not claim that they drove up the deficit, It has fallen every year of his administration except 2011, when it rose 130 billion, but then dropped below the 2010 deficit the following year.
We should be able to have honest discussions across party lines. Or is it that I have to much faith in the other side ?
More great news about a benefit to this country from President Obama's presidency.
Remember, Republican Bush was given a SURPLUS by Democrat Clinton and turned it into a RECORD DEFICIT. Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.
President Obama essentially shrunk George Bush's debt by 1 Trillion. This is quite an accomplishment, considering that Republicans in Congress have been doing everything in their power to make him fail and obstruct. Just incredible.
Considering that both his link and his OP are about the deficit, it is clear he does.
You however either dont understand the difference or are trying to overshadow the OP's point. Either way, the fault is on you.
Then he doesn't understand economics, and my sarcasm, because the puny attempts at shrinking the deficit have done nothing toward shrinking the national debt. And to give a shout out to something this inconsequential is ridiculous. However, as several people on this thread suffer from the same lack of understanding I am not surprised by your comment.
Last edited by toryturner; 10-17-2015 at 08:38 PM..
You are ignoring the fact that government must FIRST take that money out of the hands of people who would otherwise spend it, so government spending, comes at the expense of private spending, which is why its calculated as part of GDP..
Quote:
Originally Posted by dv1033
But do you think the contractor spends his money differently that it came from the government? Private citizens spend it, government spends it, it really doesn't matter to the economy.
Correct! As far as creating aggregate demand is concerned, spending is spending, whether it is spent on cancer research, lap dancers, bombs or new cars. One dollar spent on any domestic good or service raises GDP by exactly $1.00, regardless of which good or service.
Money spent by government is just as good as money spent by private parties.
Comments like this are why I lose faith in people in this nation having legitimate conversations across party lines.
Regardless of how you feel about President Obama's polices, you can not claim that they drove up the deficit, It has fallen every year of his administration except 2011, when it rose 130 billion, but then dropped below the 2010 deficit the following year.
We should be able to have honest discussions across party lines. Or is it that I have to much faith in the other side ?
President Obama could poop out solid Gold bars to fill another Ft. Knox and the other side would accuse him of African witchcraft.
President Obama could poop out solid Gold bars to fill another Ft. Knox and the other side would accuse him of African witchcraft.
President obama is the worst thing to happen to America in 100 years. Anyone who supports him and believes he is a good man who is trying to help America, is a fool.
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Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.
