Here listen to this bell. Tarp was Bush, there is no such thing as "ObamaCare", and every Republican leader has already lined up to take stimulus money and the government accounting agency has estimated that over 3 million jobs were saved due to stimulus money. Republicans seem to like to talk out of both sides of their mouthes but have few if any facts to spew. You are a typical Republican.
I think the government accounting agency should have estimated that they saved over 10 millions jobs. That's a bigger number and people like you would believe it because there would be no way to know otherwise. You believe anything and everything they tell you which isn't productive here. Maybe you need to watch this one again.
Ok, sorry. All the spending during that time period tends to blend together for me. Now, since you guys have nothing of substance to add you can drag this thread out 10 pages bragging about how smart you are. Mark my words... Obama will set new record high deficits before he leaves. He may already have. Which was the last thing we needed at this time. That is the concern you guys won't deal with.
Who cares? It didn't seem to matter when your right wing blowhards headed up the rape. Why should it matter any more now than it did then?? Why the concern?
Can someone confirm for me that when he (President Obama) took office the deficit stood at 1.3 Trillion dollars? or have I read that wrong! And am I right in thinking that this is only the 4th time that it has passed 10% of GDP? also just read that Fedral debt breached 100% of GDP after the 2008 crash!! the only other occasion was WWII any idea as to what % it stands at the moment
You read it wrong. The outstanding U.S. national debt at the time Obama took office was around 10 trillion. The deficit for this year alone, is 1.3 trillion. The total is at 13 trillion now. Experts expect it to hit 20 trillion by 2020. The total national debt hit 1 trillion for the first time in the 80s. Now that amount is an annual deficit. But don't worry. Craig says it's no big deal. The country's doing great and the leadership is brilliant. Here's a link to the visual of our deficits. And before somebody comes in here attacking the source, I know this is accurate because I clearly remember the bold print on the front page of newspapers on the stands when Bush hit his record 400 billion deficit in '08. And the 1.3 trillion showing up on the chart for this year is what is being reported on all over the radio recently. There was a slight surplus under Clinton because of how severely the military was cut and by them using up the last bit of actual social security money to cover budgetary items. The chart is accurate and is originally from the Washington Post. http://blog.heritage.org/2010/02/05/past-deficits-vs-obamas-deficits-in-pictures/
10 trillion when he took office. That's before he got there. So..again...when it obviously wasn't a concern by the right then....why now? What's the difference?
Sorry Vess but the Deficit and Debt are not the same thing the Debt is what the goverment owes overall and the deficit is the yearly amount by which spending exceeds revenue The debt will rise year on year regardless but the deficit will fluctuate, this is something politicians love LOL they can hail a fall in the deficit but forget to tell you that the National debt remains Very Very High Hence my question regarding the Deficit (not the National Debt) when President Obama took office. As for it hitting a Trillion (National Debt) well if you take infaltion into acount it peaked over that mark in 1944 and until 1982 was steady at 2 trillion per year (figures from US Tres Dept) then it went up quite dramaticaly
Wikipedia shows this (deficits): 2001 - $144.5 billion 2002 - $409.5 billion 2003 - $589.0 billion 2004 - $605.0 billion 2005 - $523.0 billion 2006 - $536.5 billion 2007 - $459.5 billion 2008 - $962.2 billion 2009 - $1785.6 billion 2010 - $1471.0 billion 2011 is projected at $1270.0 billion I posted this yesterday: http://www.nytimes.com/interactive/2010/02/01/us/budget.html Try to find a trillion dollars worth of cuts that either party would agree to. Defense, social security and medicare add up to about 2 trillion...which just so happens to be projected federal revenue for the year.
Yeah, you pretty much have to take anything vess says with a big old grain of salt. Hey vess, how much is NPR's annual budget again? Go ahead and turn your radio on and see what number they announce on the morning show. ha ha ha ha ha ha...
It's funny to hear Dr moen take someone to task over the "facts". Hey Dr, remember when you were whining about how colleges & universities were doing so poor financially yet your own link contradicted you? Or when you claimed the wealth disparity was at it's all-time high, yet again, your link contradicted you? Or how about the time you claimed BO was such a God-send to dem candidates yet it was contradicted time & time again (I think that was the issue over which you first ran & hid). Oh, memories....good times. The all-time best "fact" coming from your side though was the WH "proving" the stimulus was working by lying about fictitious jobs being created in phony, made-up districts. Remember that one? So, next time you want to chastise someone over their "facts" take a moment & think about it, will ya?