Thread: Is 1.4 trillion so bad?

Although I believe the 1.4 trillion dollar dificit that people are saying Obama has created is a fictious number made up by republicans to make Obama look bad by piling Bush's torp and off budgit war spinding on him, he has actually slowed the trend set by Bush. Look at this chart:



http://www.treasurydirect.gov/govt/r...ebt_histo5.htm



If you look at the 06/07 rise, you see ~500 billion. If you look at the 07/08 rise, you see ~1 trillion. If Bush had had another year in office, wouldn't one expect the 08/09 rise to be ~2 trillion? Isn't 1.4 trillion better than Bush would have done?

[quote name='jacksbrat' date='18 October 2009 - 01:23 PM' timestamp='1255890184' post='40494']

Although I believe the 1.4 trillion dollar dificit that people are saying Obama has created is a fictious number made up by republicans to make Obama look bad by piling Bush's torp and off budgit war spinding on him, he has actually slowed the trend set by Bush. Look at this chart:



http://www.treasurydirect.gov/govt/r...ebt_histo5.htm



If you look at the 06/07 rise, you see ~500 billion. If you look at the 07/08 rise, you see ~1 trillion. If Bush had had another year in office, wouldn't one expect the 08/09 rise to be ~2 trillion? Isn't 1.4 trillion better than Bush would have done?

[/quote]





First, holy crap you need to buy a dictionary. What are you five ? It would explain your spelling and reasoning.



Second. Wow this is just desperate. It's like saying the current " economic recovery " is a jobless recovery. As far as this deficit being fictitious, Obama himself brought it up in his joint session to Congress.



Remember ? The 1.3 trillion he inherited from the previous administration ? Even though the Senator Obama flew in so he could vote in the 700 billion TARP that increased the 500 billion deficit to 1. 3 trillion. ( What's 100 billion between old friends ?



Something you Obama-tards won't admit too.

[quote name='Six' date='18 October 2009 - 01:33 PM' timestamp='1255890830' post='40500']

First, holy crap you need to buy a dictionary. What are you five ? It would explain your spelling and reasoning.



Second. Wow this is just desperate. It's like saying the current " economic recovery " is a jobless recovery. As far as this deficit being fictitious, Obama himself brought it up in his joint session to Congress.



Remember ? The 1.3 trillion he inherited from the previous administration ? Even though the Senator Obama flew in so he could vote in the 700 billion TARP that increased the 500 billion deficit to 1. 3 trillion. ( What's 100 billion between old friends ?



Something you Obama-tards won't admit too.[/quote]



What does my spelling have to do with this? If you can't answer the question, pick on spelling, they say. If I misspell a word so bad you can't make out what I'm saying, just let me know and I'll look it up just for you.

[quote name='jacksbrat' date='18 October 2009 - 11:23 AM' timestamp='1255890184' post='40494']

Although I believe the 1.4 trillion dollar dificit that people are saying Obama has created is a fictious number made up by republicans to make Obama look bad by piling Bush's torp and off budgit war spinding on him, he has actually slowed the trend set by Bush. Look at this chart:



http://www.treasuryd...debt_histo5.htm



If you look at the 06/07 rise, you see ~500 billion. If you look at the 07/08 rise, you see ~1 trillion. If Bush had had another year in office, wouldn't one expect the 08/09 rise to be ~2 trillion? Isn't 1.4 trillion better than Bush would have done?

[/quote]



Read my 36 and counting. You are still living under Obamamanea. Our country is tanking with is leadership in foreign policy and domestically.

Yes, 1.4 trillion is really, really bad. Obama has not cut any of Bush's spending, but rather has increased it substantially in a variety of ways. There has been no change, at least not for the better.



I'm not sure whether the argument put forth in the OP is serious. I hope not.

[quote name='Defensor' date='18 October 2009 - 02:13 PM' timestamp='1255900428' post='40570']

Yes, 1.4 trillion is really, really bad. Obama has not cut any of Bush's spending, but rather has increased it substantially in a variety of ways. There has been no change, at least not for the better.



I'm not sure whether the argument put forth in the OP is serious. I hope not.

[/quote]



Our national debt and underwater operating budget of 1.4 Trillion is sinking the dollar, plus projections are worse for more deficit spending. There is no prospects in the future to stop borrowing. Further Obama is willing to sign a health bill that is going to exceed a trillion and add more to the deficit. Obama and congress has no plan to stop borrowing and spending money we don't have. Obama the Worst President Ever

Ran into this article...puts some things into perspective with regard to the "not so bad" $1.42 trillion deficit



http://news.yahoo.com/s/ap/20091017/...deficit_danger

What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.



It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.



And, some economists warn, unless the government makes hard decisions to cut spending or raise taxes, it could be the seeds of another economic crisis.



Treasury figures released Friday showed that the government spent $46.6 billion more in September than it took in, a month that normally records a surplus. That boosted the shortfall for the full fiscal year ending Sept. 30 to $1.42 trillion. The previous year's deficit was $459 billion.



As a percentage of U.S. economic output, it's the biggest deficit since World War II.



...



The Congressional Budget Office projects that the nation's debt held by investors both at home and abroad will increase by $9.1 trillion over the next decade, pushing the total to $17.1 trillion decade under Obama's spending plans.

[quote name='jacksbrat' date='18 October 2009 - 01:23 PM' timestamp='1255890184' post='40494']

Although I believe the 1.4 trillion dollar dificit that people are saying Obama has created is a fictious number made up by republicans to make Obama look bad by piling Bush's torp and off budgit war spinding on him, he has actually slowed the trend set by Bush. Look at this chart:



http://www.treasuryd...debt_histo5.htm



If you look at the 06/07 rise, you see ~500 billion. If you look at the 07/08 rise, you see ~1 trillion. If Bush had had another year in office, wouldn't one expect the 08/09 rise to be ~2 trillion? Isn't 1.4 trillion better than Bush would have done?

[/quote]



I love statements like these*:



"In issuing the final budget figures, top administration officials said the president was determined to get control of the deficits in coming years."

Translation: The deficit is out of control.



"President Barack Obama has pledged to reduce the deficit once the Great Recession ends and the unemployment rate starts falling..."

Translation: We're headed for a trainwreck, but don't worry, Hiswonderfulness and the "jobless recovery" will take care of you.



*By MARTIN CRUTSINGER, AP Economics Writer



And from the poster:

"Isn't 1.4 trillion better than Bush would have done?"

Translation: I love Obama and 1.4 trillion deficit is great. The Messiah promised....

[quote name='Forplay' date='18 October 2009 - 04:51 PM' timestamp='1255902719' post='40610']

Our national debt and underwater operating budget of 1.4 Trillion is sinking the dollar, plus projections are worse for more deficit spending. There is no prospects in the future to stop borrowing. Further Obama is willing to sign a health bill that is going to exceed a trillion and add more to the deficit. Obama and congress has no plan to stop borrowing and spending money we don't have. Obama the Worst President Ever[/quote]



In no way am I trying to say tha a 1.4 trillion dollar debt is a good thing. There's no wqay to spin it as acceptable. But why wasn't the run-a-way spending stopped 5 or 6 years ago? why didn't we here screams this loud last year when the deficit was almost 1 trillion? It seems like a case of selective outrage to me. Many think reforming health care will actually help the situation, not make it worse like the right wing pundents want to spin it.

It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.

I don't understand how 1.4 trillion can be three times as much as Bush's 1 trillion. Someone must have skipped math class, or just believes more lies.