economy growing

[Foxrac]

Normally it takes almost two years until a spending/surplus result shows itself because tax laws, bills passed and such take about about 1 1/2 years for it to take effect. Bush tax cuts couldn't take affect until the previous administration's tax laws expired. Bush took office in 2001 but laws from the Clinton administration continued well into 2001, and then it was 2002 when Bush could hope to see some changes and for Congress to vote on a new tax bill where it would take effect in 2003 but we wouldn't see final result of that until in 2004. We've seen decreasing deficit results beginnng in 2004 and continued well into 2007. And that's the year when you had a Democrat controlled Congress coupled with the start of a souring economy in 2008 when everything went downhill. It still going downhill with even more spending than ever before. You cannot compare Obama's $1.4 trillion dollar deficit spending for 2009 to that of Bush in 2008 which was $460 billion dollars. Obama's spending was almost 4 times as much as Bush's in 2008. In fact, Obama's spending out did Bush last four years deficit spending.

That's inexcusable.

Bank bailout has contributed to increase of deficit so it isn't always as Obama's fault since Bush has left a big mess after left office, that what I trust to my friend, not you.

It will be still deficit problem if republican win to takeover the congress so it would be no difference because they don't know about spending has went nowhere.

 

[TXgolfer]

Bank bailout has contributed to increase of deficit so it isn't always as Obama's fault since Bush has left a big mess after left office, that what I trust to my friend, not you.

Bailouts were a choice. There were other options. Did you know that for the amount of the Pork-filled stimulus we could have paid off 95% of the mortages in this country. Now THAT would have created some jobs and spending AND help heal the banks......... But he didn't choose that plan.

 

[TXgolfer]

Republicans know that we shouldn't spend on things we don't need.That we must protect Americans, That we must help those in need. And we must expect those that can carry their own weight to do so. That's their idea of spending.

 

[kokonut]

Bank bailout has contributed to increase of deficit so it isn't always as Obama's fault since Bush has left a big mess after left office, that what I trust to my friend, not you.

It will be still deficit problem if republican win to takeover the congress so it would be no difference because they don't know about spending has went nowhere.

You don't understand something here. You had a Democrat controlled Congress beginning in 2007. It is they who pass spending bills that contributed to our current deficit problem by making it even worse. You might also do a little research on Fannie Mae and Freddie Mac and how they contributed to the housing market fallout that precipitated the recession even more.

 

[Foxrac]

You don't understand something here. You had a Democrat controlled Congress beginning in 2007. It is they who pass spending bills that contributed to our current deficit problem by making it even worse. You might also do a little research on Fannie Mae and Freddie Mac and how they contributed to the housing market fallout that precipitated the recession even more.

That's your opinion, you tried to make yourself as always right person. :roll:

It's obviously that you are very anti-Obama and you never talk about positive thing on Obama since I'm between of them so I have no interest in totally negative comment like you did.

 

[Foxrac]

Bailouts were a choice. There were other options. Did you know that for the amount of the Pork-filled stimulus we could have paid off 95% of the mortages in this country. Now THAT would have created some jobs and spending AND help heal the banks......... But he didn't choose that plan.

Republicans know that we shouldn't spend on things we don't need.That we must protect Americans, That we must help those in need. And we must expect those that can carry their own weight to do so. That's their idea of spending.

Why does Bush don't consider at first place then? Bank bailout seems reasonable to save bank from being downhill that leading US into Great Depression II so pretty better than nothing, however it is better to have big deficit than put 25% of Americans in unemployment if many bank goes bankrupt.

Bank and credit companies need be seriously about learn how to be financial responsibility, if they do again in future so I'm probably not support other bailout.

Hate to say, republican isn't good one when control the spending, in my opinion so same applies to democrat.

 

[netrox]

First rule of thumb, Netrox, it is Congress that passes budgets, not the President. Since 2007 you had a Democrat controlled Congress and the last three budgets came from Democrats. In three years, they managed to increase annual federal spending by $900 billion, while a Republican Congresses under George Bush increased annual federal spending by $800 billion in six years.

When you invest $10, on average, you'll get $20 in 14 years - that is a conservative estimate.

We have to pay for teachers, firefighters, roads, SSA, politicians, and so forth. Their salaries increases as well, you know?

The government must spend to stimulate economy and when economy is good, it spends less. It's the way it works.

Are you forgetting the power of exponentiation? 2 becomes 4.... 4 becomes 8... 8 becomes 16...

So, when you double 900 billion in 10 years, it becomes 1.6 trillion.

Obama also CUTS spending as well and it stays within the projections. He will NOT give tax cuts to the rich, rightfully. He plans to raise $1 trillion dollars in new taxes... OVER 10 years.. not in one year.. ... BUT OVER 10 years. That means 100 billion a year.

Meanwhile the debt will double as well - it is unavoidable BUT the percentage remains fairly the same. If you make 10,000 a year and your debt is 10% which is 1,000. You double your salary in 10 years and that means 20,000... and your debt will be 2,000. Still the same 10%. Ratio is important, not the sheer numbers alone.

All that spending is NOT going to ruin our country. You cannot have everything - you cannot keep all your money, you have to pay for all benefits that the government gives you... roads, education, benefits, medicare, retirement benefits, and so forth.

Stop whining. Nothing is free.

 

[netrox]

That's your opinion, you tried to make yourself as always right person. :roll:

It's obviously that you are very anti-Obama and you never talk about positive thing on Obama since I'm between of them so I have no interest in totally negative comment like you did.

Kokonut thinks Bush is a hero, even though Bush is the biggest spender since LBJ, even if you remove wars.

George W. Bush: Biggest Spender Since LBJ | Cato @ Liberty

Clinton increased by just 1.5%, far below than any other presidents since Eisenhower....I MISS CLINTON! He was the BEST president EVER!

 

[netrox]

TXgolfer, take this note:

"That is because Bush lucked out with relatively low interest rates on the federal debt and relatively low amounts of federal debt because of four years of surpluses under President Clinton."

Bush abused Clinton's surplus. Just repeating what Cato, an independent think tank, said.

 

[PowerON]

It's still haste to tell it's good.

 

[kokonut]

When you invest $10, on average, you'll get $20 in 14 years - that is a conservative estimate.

We have to pay for teachers, firefighters, roads, SSA, politicians, and so forth. Their salaries increases as well, you know?

The government must spend to stimulate economy and when economy is good, it spends less. It's the way it works.

Are you forgetting the power of exponentiation? 2 becomes 4.... 4 becomes 8... 8 becomes 16...

So, when you double 900 billion in 10 years, it becomes 1.6 trillion.

Obama also CUTS spending as well and it stays within the projections. He will NOT give tax cuts to the rich, rightfully. He plans to raise $1 trillion dollars in new taxes... OVER 10 years.. not in one year.. ... BUT OVER 10 years. That means 100 billion a year.

Meanwhile the debt will double as well - it is unavoidable BUT the percentage remains fairly the same. If you make 10,000 a year and your debt is 10% which is 1,000. You double your salary in 10 years and that means 20,000... and your debt will be 2,000. Still the same 10%. Ratio is important, not the sheer numbers alone.

All that spending is NOT going to ruin our country. You cannot have everything - you cannot keep all your money, you have to pay for all benefits that the government gives you... roads, education, benefits, medicare, retirement benefits, and so forth.

Stop whining. Nothing is free.

One serious flaw, it's money we're spending we don't even have.

On interest alone for FY2009 was $383 billion dollars. In the last 6 years we have paid a little over $2.2 trillion dollars on interest payments alone. As long as we continue to borrow money to help pay the govt awful spending habit, the more we'll see on increase on interest payments. We have a monthly interest payment of $104 billion dollars. So, that extra "100 billion dollars a year" in new taxes doesn't amount to anything if we're paying $104 billion dollars a month on interest alone.
http://www.treasurydirect.gov/govt/reports/ir/ir_congressbo.pdf

People need to get their heads screwed on straight here. We are slowly but surely bankrupting ourselves into oblivion.

 

[Foxrac]

Kokonut thinks Bush is a hero, even though Bush is the biggest spender since LBJ, even if you remove wars.

George W. Bush: Biggest Spender Since LBJ | Cato @ Liberty

Clinton increased by just 1.5%, far below than any other presidents since Eisenhower....I MISS CLINTON! He was the BEST president EVER!

Yup, that why I start losing the interest to debate with kokonut until he get something to say in between.

 

[Jiro]

Kokonut thinks Bush is a hero, even though Bush is the biggest spender since LBJ, even if you remove wars.

George W. Bush: Biggest Spender Since LBJ | Cato @ Liberty

Clinton increased by just 1.5%, far below than any other presidents since Eisenhower....I MISS CLINTON! He was the BEST president EVER!

Clinton? the best president? eh

 

[netrox]

Jiro, yes! Even tho he was a VERY naughty president, he was just awesome!

BTW, I meant in my life, not the entire presidency history.

 

[posts from hell]

When you invest $10, on average, you'll get $20 in 14 years - that is a conservative estimate.


Are you forgetting the power of exponentiation? 2 becomes 4.... 4 becomes 8... 8 becomes 16...

So, when you double 900 billion in 10 years, it becomes 1.6 trillion.

Just pointing something out. I wouldn't trust anyone with their facts messed up...

But again, with our government, it wouldn't surprise me... They secretly hide 200billion. (perhaps in the vaults of Skull and Bones?)

 

[Jiro]

TXgolfer, take this note:

"That is because Bush lucked out with relatively low interest rates on the federal debt and relatively low amounts of federal debt because of four years of surpluses under President Clinton."

Bush abused Clinton's surplus. Just repeating what Cato, an independent think tank, said.

Bush did not abuse Clinton's surplus. Bush had to use the surplus and more to fix what Clinton did to our National Security when 9/11 struck us. I was appalled at how badly our National Security was under Clinton. Shame on you, Clinton.

Bush. Did you know Obama's using nearly all of Bush's strategies, policies, and tools? Obama basically abandoned most of his own war strategy and reverted back to Bush's. Obama promised America that he will dissect and eliminate Patriot Acts but he extended it. Obama is still using handful of key people (strategists/advisers/etc) from Bush Administration and a few from Clinton Administration.

Recall my major complaint last year about Obama during election time that he is too inexperienced for this job? LOL @ people who defended him that his experience with the community and Senate was good enough.

 

[netrox]

Bush did not abuse Clinton's surplus. Bush had to use the surplus and more to fix what Clinton did to our National Security when 9/11 struck us. I was appalled at how badly our National Security was under Clinton. Shame on you, Clinton.

And we wasted a trillion on Iraq war based on lack of evidence for WMD and association with terrorism. No WMDs ever found. No Al Qaeda found there.

Come on, shame on Bush too!

 

[Jiro]

And we wasted a trillion on Iraq war based on lack of evidence for WMD and association with terrorism. No WMDs ever found. No Al Qaeda found there.

Come on, shame on Bush too!

Blame on us first. We demanded a revenge and blood.

 

[TXgolfer]

TXgolfer, take this note:

"That is because Bush lucked out with relatively low interest rates on the federal debt and relatively low amounts of federal debt because of four years of surpluses under President Clinton."

Bush abused Clinton's surplus. Just repeating what Cato, an independent think tank, said.

Once again you and your "independent think tank" have again confused Deficit and Debt. Pretty pointless to debate this if you can not grasp that concept.

Keep taxing those who create jobs and watch what happens to those jobs. Obama knows he is failing. That is the reason he is now doing things that, on the surface, look like he is working with both sides. For example this $5000 tax credit he wants for businesses that hire a full time employee. Well minimum wage for that employee is around $15,000 so what business is going to take on that expense for a tax credit. Reducing taxes on those businesses would give them capital to increase business and create more jobs. But he won't do that.

He has both houses of congress on his side. They have no excuse in 2012.

I, personally would like to thank Obama for inspiring me to retire. Yes at only 44 years of age I had plenty more to offer. And, my strong business is probably missed by many in the community. I am sure charities miss the 10% my company donated every year. But, thanks to Obama's policies I was able to see it was time for some "me" time. Sleeping til 11am rocks. Playing golf instead of running crews and sweating paperwork and rocks. Eating lunch at Hooters rather than a sandwich at a job site rocks. Going on dates and to hockey and basketball games instead of scheduling crews and writing estimates at night rocks. The fact that I don't have to pay income tax anymore rocks. So thank you Mr. President for inspiring me to close my business. Change is good.

Oh BTW Mr. President, The 20+ people that depended on me giving them a paycheck every week so that they could provide food and shelter for their families are kind of pissed. Please find them some jobs.

Thanks again Mr. President, see you on the links.

 

[Jiro]

what was your business, TXGolfer?