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Re: The 47%
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you didn't build that
Sep 21, 2012, 2:41:32 PM9/21/12
to
On 9/21/2012 12:33 PM, Smokey Stover wrote:
>
>
> As ThinkProgress has noted,
Do you need a new tour of the internet?
http://online.wsj.com/article/SB10001424052748703906204575027181656362948.html
Whether or not Americans choose to believe him, there's no denying the
fiscal reality created by the rollout version of President Obama last
year, as detailed in the Congressional Budget Office report released
yesterday. For the second year in a row, fiscal 2010 will see a
trillion-dollar deficit�an estimated $1.35 trillion, or 9.2% of GDP,
which is down slightly from last year's post-World War II record of 9.9%.
Mr. Obama's major contribution to deficits has been a record spending
spree. In 2007, before the recession, federal expenditures reached $2.73
trillion. By 2009 expenditures had climbed to $3.52 trillion. In 2009
alone, overall federal spending rose 18%, or $536 billion. Throw in a
$65 billion reduction in debt service costs due to low interest rates,
and the overall spending increase was 22%.
In one year.
CBO confirms that Democrats have taken federal spending to a new and
higher plateau: 24.7% of GDP in 2009, 24.1% this year, and back to an
estimated 24.3% in 2011. The modern historical average is about 20.5%,
and less than that if you exclude the Reagan defense buildup of the
1980s that helped to win the Cold War and let Bill Clinton reduce
defense spending to 3% of GDP in the 1990s.
This means that one of every four dollars produced by the sweat of
American private labor is now taxed and redistributed by 535 men and
women in Congress.
>
>
> As ThinkProgress has noted,
Do you need a new tour of the internet?
http://online.wsj.com/article/SB10001424052748703906204575027181656362948.html
Whether or not Americans choose to believe him, there's no denying the
fiscal reality created by the rollout version of President Obama last
year, as detailed in the Congressional Budget Office report released
yesterday. For the second year in a row, fiscal 2010 will see a
trillion-dollar deficit�an estimated $1.35 trillion, or 9.2% of GDP,
which is down slightly from last year's post-World War II record of 9.9%.
Mr. Obama's major contribution to deficits has been a record spending
spree. In 2007, before the recession, federal expenditures reached $2.73
trillion. By 2009 expenditures had climbed to $3.52 trillion. In 2009
alone, overall federal spending rose 18%, or $536 billion. Throw in a
$65 billion reduction in debt service costs due to low interest rates,
and the overall spending increase was 22%.
In one year.
CBO confirms that Democrats have taken federal spending to a new and
higher plateau: 24.7% of GDP in 2009, 24.1% this year, and back to an
estimated 24.3% in 2011. The modern historical average is about 20.5%,
and less than that if you exclude the Reagan defense buildup of the
1980s that helped to win the Cold War and let Bill Clinton reduce
defense spending to 3% of GDP in the 1990s.
This means that one of every four dollars produced by the sweat of
American private labor is now taxed and redistributed by 535 men and
women in Congress.
Steve Pope
Sep 23, 2012, 9:04:42 PM9/23/12
to
you didn't build that <gov...@ment.did> wrote:
>Whether or not Americans choose to believe him, there's no denying the
>fiscal reality created by the rollout version of President Obama last
>year, as detailed in the Congressional Budget Office report released
>yesterday. For the second year in a row, fiscal 2010 will see a
>trillion-dollar deficit—an estimated $1.35 trillion, or 9.2% of GDP,
>Whether or not Americans choose to believe him, there's no denying the
>fiscal reality created by the rollout version of President Obama last
>year, as detailed in the Congressional Budget Office report released
>yesterday. For the second year in a row, fiscal 2010 will see a
>which is down slightly from last year's post-World War II record of 9.9%.
This is entirely the fault of the Republican's rejecting Obama's
much more balanced budget proposals, due to the Republican's insane
obsession with keeping tax rates at historic lows.
You can't blame Obama for the deficit. Noway, no how.
Steve
no hope or change
Oct 1, 2012, 3:49:00 PM10/1/12
to
On 9/23/2012 7:04 PM, Steve Pope wrote:
> you didn't build that<gov...@ment.did> wrote:
>
>> Whether or not Americans choose to believe him, there's no denying the
>> fiscal reality created by the rollout version of President Obama last
>> year, as detailed in the Congressional Budget Office report released
>> yesterday. For the second year in a row, fiscal 2010 will see a
>> trillion-dollar deficit—an estimated $1.35 trillion, or 9.2% of GDP,
>> which is down slightly from last year's post-World War II record of 9.9%.
>
>
> This is entirely the fault of the Republican's rejecting Obama's
> much more balanced budget proposals,
Do you make this crap up as you go???
> you didn't build that<gov...@ment.did> wrote:
>
>> Whether or not Americans choose to believe him, there's no denying the
>> fiscal reality created by the rollout version of President Obama last
>> year, as detailed in the Congressional Budget Office report released
>> yesterday. For the second year in a row, fiscal 2010 will see a
>> trillion-dollar deficit—an estimated $1.35 trillion, or 9.2% of GDP,
>> which is down slightly from last year's post-World War II record of 9.9%.
>
>
> This is entirely the fault of the Republican's rejecting Obama's
> much more balanced budget proposals,
Begone.
http://online.wsj.com
REVIEW & OUTLOOKUpdated September 27, 2012, 7:37 p.m. ET.
As Good As It Gets?
Growth of 1.7% isn't what Team Obama promised four years ago..
Mr. Obama told Americans in 2009 that if he did not turn around the
economy in three years his Presidency would be "a one-term proposition."
Joe Biden said three years ago that the $830 billion economic stimulus
was working beyond his "wildest dreams" and he famously promised several
months after the Obama stimulus was enacted that Americans would enjoy a
"summer of recovery." That was more than three years ago.
In early 2009 soon-to-be White House economists Ms. Romer and Mr.
Bernstein promised Congress that the stimulus would hold the
unemployment rate below 7% and that by now it would be 5.6%. Instead the
rate is 8.1%. The latest Census Bureau report says there are nearly
seven million fewer full-time, year-round workers today than in 2007.
The labor participation rate is the lowest since 1981.
So it has gone with nearly every prediction the President has made about
where the economy would be today. Mr. Obama promised that the deficit
would be cut in half in four years, but the fiscal 2012 deficit
(estimated to be above $1 trillion) will be twice the 2008 deficit ($458
billion).
Mr. Obama said that his health-care plan would "cut the cost of a
typical family's premium by up to $2,500 a year," but premiums for
employer-sponsored family coverage have gone up $2,370 since 2009,
according to the Kaiser Family Foundation.
He said that the linchpin for a growing economy would be renewable
energy investment, and he promised to "create five million new jobs in
solar, wind, geothermal" energy. Mr. Obama did invest some $9 billion in
green energy, but his job estimate was off by at least a factor of 10
and today many solar and wind industry firms are fighting bankruptcy.
The growth in domestic U.S. energy production that he now takes credit
for has come almost entirely from the fossil fuels his Administration
has done so much to obstruct.
There's nothing unusual about candidates making grandiose promises that
don't come true. And it's a White House tradition to blame one's
predecessor when things don't get better. (Usually these Presidents end
up one-termers.)
The bad faith wasn't then. It's now. Mr. Obama really believed that
government spending would unleash a robust recovery in employment and
housing—an "economy built to last." Now that this hasn't happened and
with the Congressional Budget Office predicting a possible recession for
2013, Team Obama claims these woeful results were the best that could
have been expected.
The problem with this line is that every President who has inherited a
recession in modern times has done better. (See nearby table.) Under Mr.
Obama, measured on the basis of jobs, GDP growth and incomes, this has
been by far the meekest recovery from the past 10 recessions.
Gov. Smirk
Oct 13, 2012, 2:20:59 PM10/13/12
to
On 9/23/2012 7:04 PM, Steve Pope wrote:
> You can't blame Obama for the deficit. Noway, no how.
https://www.youtube.com/watch?v=gDeWWAkwogA
He moves in circles of friends
Who just pretend
That they like him
He does the same to them
And when you put it all together
There`s the model of a charmless man
He talks at speed
He gets nose bleeds
He doesn愒 see
His days are tumbling
Down upon him
And yet he tries so hard to please
He愀 just so keen
For you to listen
But no-one愀 listening
And when you put it all together
There愀 the model of a charmless man
He thinks he`s educated airs
Those family sharesWill protect him
That you`ll respect him
And yet he tries so hard to please
He`s just so keenFor you to listen
But no-one`s listenig
And when you put it all togetherThere`s the model of a charmless man
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