Five Facts about Obama's presidency that you will never see on Fox News

[wolfbat359]

https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3

[Jim_Higgins]

On 4/23/16 1:22 PM, wolfbat359 wrote:
> https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3
>

National Debt 19+ Trillion as of April

--
Hussein Obama working hard to destroy America

[El Castor]

On Sat, 23 Apr 2016 15:52:38 -0400, Jim_Higgins
<gordi...@hotmail.com> wrote:

>On 4/23/16 1:22 PM, wolfbat359 wrote:
>> https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3
>>
>
>National Debt 19+ Trillion as of April

And the deficit he reduced was HIS deficit.

[islander]

Really? No, it was the deficit that he was handed by the GW Bush
Administration. Have you looked at the share of the deficit that was
caused by the Bush wars and the Bush tax cuts? These things don't go
away overnight.

[Josh Rosenbluth]

On 4/23/2016 4:31 PM, El Castor wrote:

No. It was GWB's (fiscal 2009, even after accounting for the Obama
portion of the stimulus).

[Josh Rosenbluth]

Most of the deficit was the brought on by the Great Recession, which in
turn was brought on by the housing collapse and how the derivatives
market sucked in the rest of the economy.

[islander]

Yes, but Republicans prefer to not look at that side of the balance
sheet and Jeff has yet to admit that the Great Recession was due to
anything but liberal housing policy. Worst case of revisionist history
that I've seen lately!

Overall, I'm happy with what Obama has accomplished in the face of
Republican obstructionism. Could have been better, but it also could
have been a lot worse!

[me]

Most of the deficit was brought on by spending too much.

[me]

We are currently witnessing in both Europe and the U.S. a crisis relating to the financing of the modern-day Social Welfare State that goes to the core of the generally-accepted political philosophy upon which they rest. The resolution of the problem is therefore not as simple as coming up with a new policy that is a derivation of previous ones (e.g., using debt to solve debt). The real resolution will come only after a major shift in political power, if seen at all, that results in a significant reduction in spending of the respective governments. Otherwise, it will be more of the same: a continued decline in living standards and individual liberty in countries experiencing this rot. Profligate central banks are a symptom and enabler of the political rot. They are not the cause.
http://www.zerohedge.com/news/41-years-after-death-gold-standard-look-how-we-ended-economic-purgatory

[El Castor]

You are aware of the difference between debt and deficit, are you not?
When Obama took office he tacked his gigantic stimulus onto the
existing Bush deficit and produced the largest deficit in history --
fairly $1.4 trillion. We can argue endlessly about the necessity of
that gigantic deficit, but for Obama, after 7 years, to boast about
cutting the greatest spending orgy in history, an orgy of his doing,
is ludicrous.

[El Castor]

It may have been GWB's fiscal year on paper, but he let office in
January 2009. $600 billion of that budget was in fact Barack Obama's.
In the years after, the deficit remained unacceptably high, and only
in the last couple of years has it been brought under control.

[me]

You may enjoy this for MSNBC is not likely to.
http://www.zerohedge.com/news/2016-04-23/wtf-headline-decade-obama-boasts-about-legacy-saving-world-great-depression

[Josh Rosenbluth]

On 4/23/2016 11:57 PM, El Castor wrote:
> On Sat, 23 Apr 2016 18:13:02 -0700, Josh Rosenbluth
> <no...@nowhere.com> wrote:
>
>> On 4/23/2016 4:31 PM, El Castor wrote:
>>> On Sat, 23 Apr 2016 15:52:38 -0400, Jim_Higgins
>>> <gordi...@hotmail.com> wrote:
>>>
>>>> On 4/23/16 1:22 PM, wolfbat359 wrote:
>>>>> https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3
>>>>>
>>>> National Debt 19+ Trillion as of April
>>>
>>> And the deficit he reduced was HIS deficit.
>>
>> No. It was GWB's (fiscal 2009, even after accounting for the Obama
>> portion of the stimulus).
>
> It may have been GWB's fiscal year on paper, but he let office in
> January 2009. $600 billion of that budget was in fact Barack Obama's.

The total Obama stimulus was $800 billion over 10 years. The 2009
portion was $200B. The 2009 deficit was thus $1.2T GWB and $0.2T Obama.

Your statement that "the deficit he reduced was HIS deficit: is wrong.

[islander]

The debts incurred by the GW Bush administration, including the effects
of the crash in 2008, have lingering impact on the budget. The bottom
line is that the deficit was $1,579B (inflation adjusted to 2015) in
2009 and is now down to $438B in 2015. that is a cumulative reduction
in the deficit of over $1T.

[Jim_Higgins]

Islander has never been troubled by facts

[El Castor]

On Sat, 23 Apr 2016 23:17:32 -0700 (PDT), me <werner...@gmail.com>
wrote:

>We are currently witnessing in both Europe and the U.S. a crisis relating to the financing of the modern-day Social Welfare State that goes to the core of the generally-accepted political philosophy upon which they rest. The resolution of the problem is therefore not as simple as coming up with a new policy that is a derivation of previous ones (e.g., using debt to solve debt). The real resolution will come only after a major shift in political power, if seen at all, that results in a significant reduction in spending of the respective governments. Otherwise, it will be more of the same: a continued decline in living standards and individual liberty in countries experiencing this rot. Profligate central banks are a symptom and enabler of the political rot. They are not the cause.
>http://www.zerohedge.com/news/41-years-after-death-gold-standard-look-how-we-ended-economic-purgatory

Amen. I hoped that the lessons of Europe would compel us to confront
the same issues that are destroying the United States, but ...

[mg]

On Sat, 23 Apr 2016 10:22:54 -0700 (PDT), wolfbat359
<wolfb...@mindspring.com> wrote:

>https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3
>
>
I don't think you can give Obama much credit for the deficit
reductions. I think the primary reasons for the deficit reductions
are the improvement in the economy, the spending cuts (from
sequestration), low interest rates caused by the Federal Reserve,
and the partial elimination/expiration of the Bush tax cuts.

[El Castor]

The bottom line is that Obama's $830 billion Stimulus gave us the
largest deficit in history. Your attempt to claim otherwise is in
error.

[El Castor]

On Sun, 24 Apr 2016 08:49:27 -0700, Josh Rosenbluth

<no...@nowhere.com> wrote:

>On 4/23/2016 11:57 PM, El Castor wrote:
>> On Sat, 23 Apr 2016 18:13:02 -0700, Josh Rosenbluth
>> <no...@nowhere.com> wrote:
>>
>>> On 4/23/2016 4:31 PM, El Castor wrote:
>>>> On Sat, 23 Apr 2016 15:52:38 -0400, Jim_Higgins
>>>> <gordi...@hotmail.com> wrote:
>>>>
>>>>> On 4/23/16 1:22 PM, wolfbat359 wrote:
>>>>>> https://www.facebook.com/OccupyDemocrats/photos/a.347907068635687.81180.346937065399354/1120578384701881/?type=3
>>>>>>
>>>>> National Debt 19+ Trillion as of April
>>>>
>>>> And the deficit he reduced was HIS deficit.
>>>
>>> No. It was GWB's (fiscal 2009, even after accounting for the Obama
>>> portion of the stimulus).
>>
>> It may have been GWB's fiscal year on paper, but he let office in
>> January 2009. $600 billion of that budget was in fact Barack Obama's.
>
>The total Obama stimulus was $800 billion over 10 years. The 2009
>portion was $200B. The 2009 deficit was thus $1.2T GWB and $0.2T Obama.

"When ARRA was being considered, CBO and the staff of the Joint
Committee on Taxation estimated that it would increase budget deficits
by $787 billion between fiscal years 2009 and 2019. CBO now estimates
that the total impact over the 2009–2019 period will amount to about
$830 billion. By CBO’s estimate, close to half of that impact occurred
in fiscal year 2010, and more than 95 percent of ARRA’s budgetary
impact was realized by the end of December 2013."
https://www.cbo.gov/publication/45122

>Your statement that "the deficit he reduced was HIS deficit: is wrong.
>
>> In the years after, the deficit remained unacceptably high, and only
>> in the last couple of years has it been brought under control.

Here is an analysis of the 2008/09 budget. Take it or leave it, I
really don't care.

"These are the true deficits: Bush $800B, Obama $1.4T"
http://thehill.com/opinion/columnists/dick-morris/79359-these-are-the-true-deficits-bush-800b-obama-14t

[Josh Rosenbluth]

Right!. Not much ($200B) in fiscal 2009.

>> Your statement that "the deficit he reduced was HIS deficit: is wrong.
>>
>>> In the years after, the deficit remained unacceptably high, and only
>>> in the last couple of years has it been brought under control.
>
> Here is an analysis of the 2008/09 budget. Take it or leave it, I
> really don't care.
>
> "These are the true deficits: Bush $800B, Obama $1.4T"
> http://thehill.com/opinion/columnists/dick-morris/79359-these-are-the-true-deficits-bush-800b-obama-14t

Tarp doesn't count towards the deficit, but the stimulus does? What a
load of crap.

[Josh Rosenbluth]

The error continues to be your attributing the $830 all to fiscal 2009
when it was only $200B.

[El Castor]

On Sun, 24 Apr 2016 19:27:00 -0700, Josh Rosenbluth

So you consider yourself to be a fiscal conservative?

[Josh Rosenbluth]

My personal position on the budget has no relevance to me correcting
your factual mistake ("And the deficit he [Obama] reduced was HIS
deficit.").