Obamas 2011 Budget

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Ugmo
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Re: Obamas 2011 Budget

Post by Ugmo »

You know how Obama is blaming Bush for the deficit? Well he's absolutely right, because it is largely Bush's fault. Read this article:

http://www.cbpp.org/cms/index.cfm?fa=view&id=3036

Take a close look at this chart, and pay special attention to how much Bush's tax cuts have inflated the deficits:

Image

Time for the righties to drop the "fiscal conservatism" charade.
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Ugmo
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Re: Obamas 2011 Budget

Post by Ugmo »

YourMomma wrote:Or live up to it when they take back power.
Yeah, but look at what I just posted. If that article and graph are accurate - and the source is apparently left-leaning, so possibly they aren't - Obama's discretionary spending accounts for a fraction of the long-term deficit.

Seems like what usually happens is the GOP takes power, lowers taxes and increases spending until the shit hits the fan, then the Dems take office and get saddled with the consequences of the Republicans' horrible fiscal policies.
Hames Jetfield
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Re: Obamas 2011 Budget

Post by Hames Jetfield »

This is just an example of neither side wanting to tell the people what really should be done if the deficit is to be drastically reduced. It's simple, cut the entitlement programs and repeal the Bush Tax cuts, and then there won't be a deficit. But those Tea Party Douches won't want to hear that they can't have their Medicare and Social Security.

Personally I'm all for it. If you're going to be the party of "fiscal responsibility", then be honest with the people and tell them no more entitlement programs or spending is what needs to be done to "fix" the deficit and the National Debt. But neither party wants to do this because the people don't seem to want it.
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Ugmo
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Re: Obamas 2011 Budget

Post by Ugmo »

YourMomma wrote:That's right. When they should be cutting taxes but reducing spending at the same time. A pipe dream, I know.
I think it's fantasy that you could balance the budget by cutting taxes. Every time taxes are cut the deficits balloon. How about don't cut taxes but do reduce spending, and maybe the budget could be balanced?
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