CBO report: deficit to plundge 642 billion
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zappasguitar
Well-known member
Now...let's all sit back and watch the magic as angry Rightie who hate the president attempt to spin this into more bad news for Obama.
This should be good!
It's going to "plunge" to double what Bush's Deficits were? Wow, impressive and stuff. <- sarcasm...
zappasguitar
Well-known member
You didn't really think they'd EVER be able to say anything positive about obama and his handling of the economy, did you/
Did you also happen to notice California reported they will be sporting a 4.5 BILLION DOLLAR SURPLUS?
So much for the non-stop claims that California is going bankrupt.
cawacko
Well-known member
Could one argue it was the House that forced the President to reduce the spending and brought down the deficit or must all praise go to the President?
Where did you read California is going to have a $4.5 billion surplus?
cawacko
Well-known member
"on track to" they already announced today they will have less revenue coming in than was anticipated.
Cancel 2020.1
Canceled
Awwww....Damo misses Bush!
I'm sure you can youtube some of his old press conferences or something. Or maybe that time he said "bring 'em on" - that's probably an easy search.
Cancel 2016.2
The Almighty
What year did bush have a $2.4 trillion deficit???
He didn't. He had half of that. Damo said it plunged to double Bush's deficit. 2.4 T is double Bush's deficit.
And I'm basing the 1.2 figure on January 2009 CBO estimates.
Cancel 2016.2
The Almighty
Link
Dude, I'm on my iPhone. Just google it. January 2009 cbo budget outlook. And that's generous to Bush given the severity of the contraction in Q1 fy09 (q4 for calendar 08) was unknown at the time.
Bush never had a 2.4 trillion deficit. You either are incapable of understanding the difference between debt and deficit or are just pretending to be short-bus worthy.
Per year, dude. Per year... If we go by total, Obama already has trounced that. Obama nearly tripled Bush's deficits... $1.2 Trillion per year since he was in office. Now he's trying to get morons to cheer because he's going to drop it to half instead of triple. Seriously, this is so frickin' lame.
christiefan915
Catalyst
The Dow's reached record highs, too, and I don't see Obama getting credit for that.
http://stockcharts.com/freecharts/historical/djia1900.html