General Discussion

dkf

(37,305 posts)

69. It's coming sooner or later.

Wed Jan 9, 2013, 06:09 PM

Jan 2013

Putting it off just means a wider problem later, possibly more of a systemic risk too.

We are healthier now than we will be if the debt gets totally out of hand.

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CHART: How The Clinton Surplus Turned Into A $6 Trillion Deficit [View all] FarCenter Jan 2013 OP

I hate to see what that chart looks like 5 years from now based on the 2009 policies on. dkf Jan 2013 #1

Really? When did GOP congress allow Bush's tax and economic policies to be replaced by Obama's? blm Jan 2013 #2

Extending the Bush tax cuts. That's all I need to say. dkf Jan 2013 #3

Because unemployment checks for millions of outofwork citizens were held hostage. blm Jan 2013 #6

You must have missed the campaign if you think that's Republican policy. dkf Jan 2013 #30

You must have missed the FACT that GOP was protecting ALL the Bush tax cuts since 2009. blm Jan 2013 #39

Okay so other than taxing at $250,000 vs $450,000 what is Obama's tax policy? dkf Jan 2013 #41

Waiting for answer....WHEN did Obama's tax and economic policies REPLACE Bush's blm Jan 2013 #48

What are you talking about? Well 2011 then. dkf Jan 2013 #52

So you'll backtrack your claim? For the economy to BE Obama's it would have had to pass at least blm Jan 2013 #57

That was the Republican Congress's, not Obama's idea. JDPriestly Jan 2013 #29

Goodness so that was a Republican win? dkf Jan 2013 #31

I do not consider the extension of the Bush tax cuts or the continuation of the war or JDPriestly Jan 2013 #73

Yeah I am actually with you there. dkf Jan 2013 #74

You would have preferred a double dip recession. Cary Jan 2013 #51

If it was a double dip recession with a positive future vs extending all the bush cuts then yes. dkf Jan 2013 #54

I am even more convinced that you don't understand. n/t Cary Jan 2013 #58

That is the CBOs projection. Are you saying they don't know what they are doing? dkf Jan 2013 #61

What "is the CBOs projection?" Cary Jan 2013 #62

CBO projected 2 quarters of negative growth. dkf Jan 2013 #63

How about the problems of the actual people who end up paying that price? Cary Jan 2013 #68

It's coming sooner or later. dkf Jan 2013 #69

Wrong Cary Jan 2013 #70

What scares me more are failed treasury auctions. dkf Jan 2013 #71

We have never had a failed treasury auction. Cary Jan 2013 #72

I asked a question in another thread about congressional make-up vis-a-vis deficits OnlinePoker Jan 2013 #50

Except Obama didn't blow a surplus, he inherited a disaster. JaneyVee Jan 2013 #4

And he permanently extended a disaster instead of planning to phase it out. dkf Jan 2013 #5

That's only what people who don't know how Govt works will believe. JaneyVee Jan 2013 #7

Because congress has the guts to raise taxes? Too funny. dkf Jan 2013 #10

Because the enemy of the people control the House of Representatives. JaneyVee Jan 2013 #12

But it's the Democrats who are now against raising taxes on anyone who isn't mega wealthy. dkf Jan 2013 #15

Which is why he should have let the Bush tax cuts expire and sequestration take hold FarCenter Jan 2013 #17

Seriously right? dkf Jan 2013 #23

Higher tax rates should start at $150,000. JaneyVee Jan 2013 #20

Still not enough. dkf Jan 2013 #24

Oh I'm not talking about the Clinton rates, I'm thinking more Reagan rates, 50%. JaneyVee Jan 2013 #27

This is nonsense. ProSense Jan 2013 #37

No, but it is the 20% RC Jan 2013 #47

Nonsense. ProSense Jan 2013 #8

You know I didn't realize he meant that permanently. dkf Jan 2013 #11

The problem with "stimulus" is that most does nothing for long-term economic health FarCenter Jan 2013 #16

"The problem with 'stimulus'" ProSense Jan 2013 #18

Spending on stimulating consumption just increases the long-term debt FarCenter Jan 2013 #34

Here's ProSense Jan 2013 #35

Nice graph - it shows that making the Bush tax cuts permanent was the fourth worst policy FarCenter Jan 2013 #40

The tax cuts for the rich. n/t ProSense Jan 2013 #42

No, that graph is showing the effect of the across the board Bush tax cuts. FarCenter Jan 2013 #43

The tax cuts for low- and middle-income families ProSense Jan 2013 #45

I'm confused, where does the graph show the positive stimulus of the Bush tax cuts. Ganja Ninja Jan 2013 #64

So, you would have rather Obama came into office and just cut, cut, cut? Drunken Irishman Jan 2013 #13

No I prefer he plan a phase in back to Clinton tax rates. dkf Jan 2013 #21

Oh boy. Chained CPI. That'll go over well... Drunken Irishman Jan 2013 #25

Doing away with the Bush tax cuts raises $4 trillion. dkf Jan 2013 #26

That does nothing for our current deficit... Drunken Irishman Jan 2013 #32

Oh you mean the what...$16 trillion in debt we currently have? dkf Jan 2013 #36

To be fair, we've only balanced our budget a handful of times... Drunken Irishman Jan 2013 #38

The Bush tax cuts are about $690 billion per year FarCenter Jan 2013 #28

And had Obama let the tax cuts all expire in 2010, today's deficit still would be massive. Drunken Irishman Jan 2013 #33

It would be less massive than it is; We're spending $350 billion / year in interest on the debt FarCenter Jan 2013 #44

Why we should always refer to the 'Republican Federal Debt". sinkingfeeling Jan 2013 #9

Wait, what? LondonReign2 Jan 2013 #14

Yes, not sure what that line is about. Seems wrong to me too. /nt BlueCheese Jan 2013 #65

In one word: BUSH! Coyotl Jan 2013 #19

Don't understand the 6.0 trillion figure at the end michigandem58 Jan 2013 #22

The text is written confusingly. BlueCheese Jan 2013 #66

Just curious, I see 1.4 Trillion for operations in Iraq and Afghanistan during the * years. hughee99 Jan 2013 #46

Those bastards started stealing the minute after... santamargarita Jan 2013 #49

I remember that too. 2naSalit Jan 2013 #53

That's because it was based on a projection Indydem Jan 2013 #55

Post removed Post removed Jan 2013 #56

How GEORGE BUSH Turned The Clinton Surplus Into A $6 Trillion Deficit ProfessionalLeftist Jan 2013 #59

Who cares about the debt? OccupyManny Jan 2013 #60

CHART grahamhgreen Jan 2013 #67