CBS: National Debt Up $3 Trillion on Obama's Watch

Don't you realize that every single one of the people complaining about deficits now was in that tiny minority of people complaining about them when Bush was President?

 

and the ones complaining loudest about the deficit then, are the ones most complacent about it now.

Yeaaaaa Team.

 

This oversimplifies things greatly - fiscal policy always needs to be viewed on the context of the larger economy.

There is nothing remotely hypocritical about arguing for an expansionary fiscal policy in periods of weak economic growth and in a liquidity trap - and arguing for a less expansionary policy in times when this situation doesn't apply.

Conversely, there's pretty much no accepted school of thought or underlying logic for arguing for the opposite, which happens to be what somebody else espouses.

 

except that we didn't start out with budget surpluses, no wars and solid employment.

 

wow, a blame EVERYTHING on 9-11 post, truly a blast from the past

other than that, so you don't have a problem with the budget I guess, or are you just cutting off your nose to spite your face

 

The Bush v. Gore decision.

Anyway, here's the NYTimes today. This article could go in the Midterms thread, but I put it here because of what it says about this topic...

 

America is bankrupt. link

On purpose.

 

The big tax cut passed months before 9/11/2001.

 

bin laden also caused the sub prime mortgage crisis

 

Give basso some credit. I'm pretty sure that Republicans proposed tax cuts as a response to 9-11 as well.

 

as sam has suggested over time, I would suggest you wouldn't address these issues because you're are really out of your league. now as reprehensible as comparing frank to bin laden, especially as you spaz whenever anyone has anything like that to say about dub ya, it pales in comparison to you trying to you googling your way through financial threads.

 

not blaming this on dems or repubs, the financial response to 9-11 has put us in somewhat of the position we are currently in. the continued lowering of interest rates to stimulate the economy has left the current admin with no ability to stimulate through interest rate hikes. but even with that, this economy should have been slowed down during the mid 00's through interest hikes, but hindsight is 20-20 as they say.

 

people need to stop replying to basso or posting in his threads. Then he'd go away and we can all be bored.

 

Calculations by the nonpartisan Congressional Budget Office and other independent fiscal experts show that the $1.1 trillion cost over the next 10 years of the Medicare prescription drug program, which the Republican-controlled Congress adopted in 2003, by itself would add more to the deficit than the combined costs of the bailout, the stimulus and the health care law.

Game. Set. Match.

Republicans LOVE entitlements.

Now give me my scooter.

 

You know jack **** about finance so I don't think you have much room to talk.

 

i think our political system has been corrupt and greedy for a long time. and until that is solved people can sit around and argue about tax cuts, bailouts, wars forever. but until you stop with the greed, bailing out bankers of all people, cutting taxes on millionairs and billionairs, and starting wars just for hell of it. it wont matter and this country may actually go in the gutter.

 

Capitalism, for all intents and purposes, died around 1940. Since then the American economy (and most every first world economy) has been basically fascist.