CBO report: deficit to plundge 642 billion

[Cancel 2016.2]

March 2001 is the beginning date for the 2001 recession. Bush was president. Deal with it. Also, too, I don't think the extraordinarily mild 2001 recession qualifies as "crashing the world economy," but I guess Desh will have to clarify what she meant on that one.

LMAO... the downturn in the stock market began in March of 2000. The economy began slowing at that point. Pretending that the recession that technically began a month or two after Bush took office is a result of Bush is nothing but nonsense.

 

[Bonestorm]

Lets pretend that crisis level spending is the new base spending so that we can pretend after four years of trillion dollar deficits that we are doing good to have a $600B deficit when in 2007 that would have been considered outrageous. That is the problem with fools like you, you think that the idiots in DC are doing good to cut the deficit in half when the prior years they quadrupled it. Victory!!!

Look, we can all have a nice debate about whether a $600 billion deficit is something to celebrate or denigrate, but let's not pretend that Obama didn't cut the deficit in half (true) but instead increased it to double Bush (not true). OK, sweetheart?

 

[Bonestorm]

LMAO... the downturn in the stock market began in March of 2001. The economy began slowing at that point. Pretending that the recession that technically began a month or two after Bush took office is a result of Bush is nothing but nonsense.

I didn't pretend it was the result of Bush. I said that the recession began under Bush, which is true.

 

[cawacko]

LMAO... the downturn in the stock market began in March of 2001. The economy began slowing at that point. Pretending that the recession that technically began a month or two after Bush took office is a result of Bush is nothing but nonsense.

I think you meant March 2000 for the peak/start of the downturn in the stock market

 

[Cancel 2016.2]

I didn't pretend it was the result of Bush. I said that the recession began under Bush, which is true.

and I stated the downturn began in 2000 under Clinton, which is true.

 

[Cancel 2016.2]

I think you meant March 2000 for the peak/start of the downturn in the stock market

yes, I did.

 

[christiefan915]

Since the start of QE3, yes... $85B per month in bond purchases by the Fed.

Before that we had QE2 and QE1.

I remember repubs baying at the moon with delight when the Dow reached record highs in the bush years. No criticism then about pumping dollars into the economy.

 

[Cancel 2016.2]

Look, we can all have a nice debate about whether a $600 billion deficit is something to celebrate or denigrate, but let's not pretend that Obama didn't cut the deficit in half (true) but instead increased it to double Bush (not true). OK, sweetheart?

So after Obama raised the deficit he then cut it in half. Ok douche bag.

Again, you want to use the crisis year deficit and pretend that it was the norm under Bush. Typical leftwing nut BS.

 

[Cancel 2016.2]

I remember repubs baying at the moon with delight when the Dow reached record highs in the bush years. No criticism then about pumping dollars into the economy.

When did they pump money into the market then? The qualitative easing programs began long after the Dow peaked in Oct. 2007

 

[Cancel 2016.11]

I think you meant March 2000 for the peak/start of the downturn in the stock market

yes, I did.

Wow. I can't believe Cawacko got away with correcting superfreak without getting cyber-slapped. I was holding my breath. You can tell he didn't like it. That response is a cyber side-eye if I ever saw one.

 

[Bonestorm]

So after Obama raised the deficit he then cut it in half. Ok douche bag.

Obama inherited a $1.2T deficit. He then increased it in the short term to deal with a serious short term crisis. He has now cut the deficit he inherited in half.

Again, you want to use the crisis year deficit and pretend that it was the norm under Bush. Typical leftwing nut BS.

No, I don't. The norm under Bush is irrelevant to the deficit and economic conditions that Obama inherited. Obama didn't inherit the norm under Bush. He inherited a shitstorm.

 

[Mott the Hoople]

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?

MWAHAHAHAHHAHAHAHAHAHAHHAHAHAA!!!!!! You're funny! Hey.....I thought you Republicans thought deficits didn't matter? All of a sudden we have a Democrat for President and now deficits do matter? Can you explain that one to me?

 

[Cancel 2016.2]

Obama inherited a $1.2T deficit. He then increased it in the short term to deal with a serious short term crisis. He has now cut the deficit he inherited in half.

LMAO... Obama was a part of the crisis level spending and deficit. A fact you continue to ignore. Again, using the crisis year as a base line and then proclaiming victory in cutting it in 'half' after FOUR years of crisis level deficits, is a purely partisan spin.

No, I don't. The norm under Bush is irrelevant to the deficit and economic conditions that Obama inherited. Obama didn't inherit the norm under Bush. He inherited a shitstorm.

Yes, the economy was in a shit storm. Had he cut the deficit in half in 2010, then he could have had some credit. But no, he ran trillion plus deficits for four years. Then the deficit was cut.

The norm under Bush is not irrelevant, it is fact.

 

[Mott the Hoople]

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.

....and you must have problems with math. 2.4 trillion is twice the 2009 deficit.

 

[Cancel 2016.11]

Checking in with the genius.

 

[Mott the Hoople]

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.

Really? What's really lame is the excuses you folks on the right keep making for two unfunded wars and crashing the US Economy that forced this burdon of debt on our nation. You're irrationality makes ya'll uniquely unqualified to govern. There's absolutly no sense of accountability or even the remotest willingness to accept how badly the Bush administration fucked this nation over financially.

You can blame Obama all you want to Damo but only a first class moron can't see who's responsible for driving this nation into a financial shithole......and it sure as hell wasn't Obama.

I just don't understand you guys. 6 years ago you were on that bandwagon......"Deficits Don't Matter"......but now a Democrat is in office and now, after Republicans made the biggest catastrophe of our economy since the Great Depression......deficits suddenly matter.......Can you say "No Credibility"?

 

[cawacko]

I remember repubs baying at the moon with delight when the Dow reached record highs in the bush years. No criticism then about pumping dollars into the economy.

What dollars/program are you referring to?

 

[Cancel 2016.2]

Really? What's really lame is the excuses you folks on the right keep making for two unfunded wars and crashing the US Economy that forced this burdon of debt on our nation. You're irrationality makes ya'll uniquely unqualified to govern. There's absolutly no sense of accountability or even the remotest willingness to accept how badly the Bush administration fucked this nation over financially.

Link us up to the Bush policy that caused the economic meltdown. Then look up the repeal of Glass Steagall and tell us who was President when it was repealed.

Bush was horrid fiscally, but you are the one with no sense of accountability if you continue pretending it was Bush policy that caused this.

You can blame Obama all you want to Damo but only a first class moron can't see who's responsible for driving this nation into a financial shithole......and it sure as hell wasn't Obama.

You are right, it was Clinton and Bush that drove us into the economic mess. Obama took the wheel and continued over the edge of the next cliff. Over $5Trillion added to the nations debt under Obama. $5 TRILLION. Tell us again how it isn't Obama.

I just don't understand you guys. 6 years ago you were on that bandwagon......"Deficits Don't Matter"......but now a Democrat is in office and now, after Republicans made the biggest catastrophe of our economy since the Great Depression......deficits suddenly matter.......Can you say "No Credibility"?

Please highlight who it was among us that said deficits don't matter.

 

[Cancel 2020.1]

Link us up to the Bush policy that caused the economic meltdown. Then look up the repeal of Glass Steagall and tell us who was President when it was repealed.

Bush was horrid fiscally, but you are the one with no sense of accountability if you continue pretending it was Bush policy that caused this.

You are right, it was Clinton and Bush that drove us into the economic mess. Obama took the wheel and continued over the edge of the next cliff. Over $5Trillion added to the nations debt under Obama. $5 TRILLION. Tell us again how it isn't Obama.

Please highlight who it was among us that said deficits don't matter.

In all seriousness, how can you ask for a link on the Bush "policy" that caused the economic meltdown in one sentence, and then say "Bush was horrid fiscally" in the next?

Here's some news: when you are horrid fiscally for 2 Presidential terms, it has an effect on the economy. Usually, that effect is negative.

 

[Cancel 2016.2]

In all seriousness, how can you ask for a link on the Bush "policy" that caused the economic meltdown in one sentence, and then say "Bush was horrid fiscally" in the next?

Here's some news: when you are horrid fiscally for 2 Presidential terms, it has an effect on the economy. Usually, that effect is negative.

LOL... dear lorax... he was horrid in his spending habits, but those spending habits are not what led us to the economic meltdown. Not even close. Care to try again?