1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Creative ways to reduce the deficit.

Discussion in 'BBS Hangout: Debate & Discussion' started by Northside Storm, Jul 5, 2009.

  1. GladiatoRowdy

    GladiatoRowdy Member

    Joined:
    Oct 15, 2002
    Messages:
    16,596
    Likes Received:
    496
    At $0.10, you owe over a grand, just like me.
     
  2. rhester

    rhester Member

    Joined:
    Jun 14, 2001
    Messages:
    6,600
    Likes Received:
    104
    Car Wash is a very good idea
    Bake Sale could be good too.
    Garage Sale is good.
    Willie Nelson could do some IRS-AID concerts :)

    Bush borrowed shamefully

    President Obama can make us all feel better but there is no good solution.

    When a debt structured economy must constrict it does so as it pleases.
     
  3. rhester

    rhester Member

    Joined:
    Jun 14, 2001
    Messages:
    6,600
    Likes Received:
    104
    This would wake us all up.

    A 1.5 trillion dollar consumption tax would do the trick.

    I think they would have to bring all the troops home to defend Washington DC. :)
     
  4. Rocketman95

    Rocketman95 Hangout Boy

    Joined:
    Feb 15, 1999
    Messages:
    48,984
    Likes Received:
    1,445
    what about one eye on russia?
     
  5. SamFisher

    SamFisher Member

    Joined:
    Apr 14, 2003
    Messages:
    61,975
    Likes Received:
    41,563
    You can't keep an eye on the goal when the defense has a national full court press on and is setting picks too. Even if you had a compound eye, like most species of housefly.
     
  6. Rashmon

    Rashmon Member

    Joined:
    Jun 2, 2000
    Messages:
    21,293
    Likes Received:
    18,307
    Maybe we could harness the unlimited power of the hot air escaping from Sarah Palin.
     
  7. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    why do you lie, traitor_of truth ?

    In July of his first year in office, just before the Congressional recess, GWB had already pissed away the HUGE surplus that he had inherited from Clinton. this was :eek: 1.5 months before 9-11
     
  8. leroy

    leroy Member
    Supporting Member

    Joined:
    Jun 25, 2002
    Messages:
    27,403
    Likes Received:
    11,287
    [​IMG]
     
  9. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    why do you lie, traitor_of truth ?

    In July of his first year in office, just before the Congressional recess, GWB had already pissed away the HUGE surplus that he had inherited from Clinton.
    this was 1.5 months before 9-11 attacl​
    stop repeating the convenient lies perpetuated by Rust and O'Reilly
     
  10. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

    Joined:
    Jun 11, 2002
    Messages:
    15,714
    Likes Received:
    6,655
    A $1.8 trillion budet deficit FAR outstrips anything Bush ever put forth, despite 9-11 and despite 2 wars. Nice try, but get your facts straight. This level of financial recklessness is UNPRECEDENTED. ...most Obama voters aren't even aware of it -- including yourself. What's that tell ya?
     
  11. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    what an admission, that you and other liars conveniently use 9/11 as an excuse for W's spending our $$$ like a drunken sailor.

    repeat afte me

    GWB pissed away the HUGE surplus in July, some 2 months before the 9/11 attack

    liars like you Rust and O'Reilly could only resort to lies to cover up W's ineptness and discredit Obama.

    Liars like you would conveniently gloss over the root cause of this Gov spending, as if the reckless spender (like a dunken sailor) W had never existed.

    first and foremost, W's incompetence caused the cratering of the US economy. Obamanomics is about fixing the W's economic mess.



    ps.,
    As a % of GDP, Gov spending under Obamaonics is less than FDR's time.
     
  12. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    i m ok with that, as long as you accept my California IOU :D
     
  13. deepblue

    deepblue Member

    Joined:
    Jun 22, 2002
    Messages:
    1,648
    Likes Received:
    5
    Not debating about who was responsible for the current economic mess, but you are saying the way to fix the problem is to do the exact same thing but on a larger scale? Obama is spending like GW, except he is spending more.

    Please do explain what exactly is "Obamanomics"?
     
  14. SamFisher

    SamFisher Member

    Joined:
    Apr 14, 2003
    Messages:
    61,975
    Likes Received:
    41,563
    Who said that the stimulus package or the TARP bailout was intended as a deficit reduction measure? Otherwise it seems like you intentionally conflating two very different problems in order to create false premise.
     
  15. deepblue

    deepblue Member

    Joined:
    Jun 22, 2002
    Messages:
    1,648
    Likes Received:
    5
    Never said those were deficit reduction measures, deficit spending is central to Obama's economic plan, on that front, Obama and Bush are on the same page.

    That's what I am trying to explain to adoo, if he wants to blast Bush for spending like a drunken sailor then he should acknowledge Obama is spending like mad as well.
     
  16. SamFisher

    SamFisher Member

    Joined:
    Apr 14, 2003
    Messages:
    61,975
    Likes Received:
    41,563
    Really? When did Bush launch an economic stimulus package of spending in response to slow growth ? I don't recall him engaging in one - in fact I believe nearly all of his initiatives were geared towards tax cuts, which he pushed in both periods of slow growth and in times of prosperity.

    He did engage in governement spending - but that wasn't part of some keynsian initiative to stimulate the US economy, rather it was incidental to his foreign policy, and again was launched in times of relative prosperity.

    There really isn't much similarity there.

    You appear to be intentionally fudging the context of the two though, don't you?
     
  17. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    sounds like ur easily confused by the rhetorics.

    you claim that u understand the root cause of the demise of the US economy. if you do, than u'd understand that, the state economy, at which W left office, there isn't much option, but more Government spending to stimulate the economy.

    Obama is spending $$$ differently.

    W spent to appease the super rich and Corporate welfare recipients, tax breaks for them

    Obama is spending to rebuild infrastructure. he is letting GM go bankrupt, about to introduce legislation to put a cap on executive compensation. he is increasing tax on those earning over $200K a year.

    there is a stark constrast, economically speaking, in terms of stability, between Sep 08 to now. Obama's economic policies have a long ways to go. that said, one thing is for sure, he has added stability to the US economy
     
  18. deepblue

    deepblue Member

    Joined:
    Jun 22, 2002
    Messages:
    1,648
    Likes Received:
    5
    Both of them are doing deficit spending. Bush did push through tax cuts, and Obama will keep most of those tax cuts. Bush started the TARP, Obama ran with it after taking office.

    I don't know what's confusing here.
     
  19. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    43,842
    Likes Received:
    3,717
    .

    more intellectual dishonesty, as if bush's deficits started with TARP. Obama's deficits start with cleaning up Bush's mess, TARP, and trying to jump start the economy.

    Bush's deficits starts with the condition Clint...oh wait
     
  20. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,961
    Likes Received:
    8,054
    you're too caught out with rhetoics

    just like Katrina, W did an half-assed job in bailing out the financial industry. his team could not comprehend the complexity nor magniture of the mess, particularly as it relates to AIG and its incestrous relationship with other financial firms such as Citi and others.

    the bailout by W was not sufficient. Obama had to finish the job.

    please elaborate.

    are you saying that
    Obama should not have bail out the financial industry?

    do you not understand that W did an half-assed job (one that was never completed) on the bailout​
     

Share This Page