JerryBaumchen 1,470 #1 October 12, 2014 Hi folks, Well, who else would you blame it on: http://www.nytimes.com/2014/10/11/upshot/a-falling-budget-deficit-but-a-lingering-attention-deficit.html?_r=0&abt=0002&abg=0 Jerry Baumchen Quote Share this post Link to post Share on other sites
cvfd1399 0 #2 October 12, 2014 Thanks OBAMA! lol Quote Share this post Link to post Share on other sites
ryoder 1,590 #3 October 12, 2014 I blame him for this, as well: http://www.aei-ideas.org/2013/01/us-drilling-boom-brings-net-oil-imports-to-a-20-year-low/ "There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones. Quote Share this post Link to post Share on other sites
turtlespeed 226 #4 October 13, 2014 JerryBaumchen Hi folks, Well, who else would you blame it on: http://www.nytimes.com/2014/10/11/upshot/a-falling-budget-deficit-but-a-lingering-attention-deficit.html?_r=0&abt=0002&abg=0 Jerry Baumchen Good Job CongressI'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
kallend 2,159 #5 October 13, 2014 turtlespeed ***Hi folks, Well, who else would you blame it on: http://www.nytimes.com/2014/10/11/upshot/a-falling-budget-deficit-but-a-lingering-attention-deficit.html?_r=0&abt=0002&abg=0 Jerry Baumchen Good Job Congress Negative. Historical analysis since WWII shows no correlation of deficits with Congress, and a fairly strong correlation with the party of the President.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
BIGUN 1,494 #6 October 13, 2014 Sorry, but both sides are playing a shell game and posturing for the elections. The fact of the matter is; when you kick over billions of dollars of new debt to the next fiscal year (Oct 1); the deficit will decline sharply in the previous month. In reality, the US borrowed 121% more to cover the fiscal deficit. WE still borrowed 52% more than CBO’s deficit projection and the Fed has been the enabler. Since 2002, OUR government borrowed $12 trillion of the now 17 trillion dollar debt. Two-thirds of the total debt outstanding. Since 2008, the government borrowed $8.8 trillion - about half of the total debt outstanding. All hail the deficit; but the debt is the real demon. During the upcoming elections one side will posture over the shrinking deficit; the other - the growing debt. And, those who vote will vote against what they "believe" is the greater demon. WE better get our shit together and work together on both ends of the debt and deficit. Oops, I made an oxymoron - "work together." Nobody has time to listen; because they're desperately chasing the need of being heard. Quote Share this post Link to post Share on other sites
kallend 2,159 #7 October 13, 2014 BIGUN Sorry, but both sides are playing a shell game and posturing for the elections. ..... Of course, that's what politicians do. It does not, however, negate the FACT that historical analysis since WWII shows no correlation of deficits with Congress, and a fairly strong correlation with the party of the President. No Republican president since Nixon has reduced the deficit as a % of GDP. No Dem president since LBJ has increased the deficit as a % of GDP. And on a % increase in debt basis the biggest offender of all was St. Ronald Reagan. who tripled it.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
BIGUN 1,494 #8 October 13, 2014 kallend ***Sorry, but both sides are playing a shell game and posturing for the elections. ..... Of course, that's what politicians do. It does not, however, negate the FACT that historical analysis since WWII shows no correlation of deficits with Congress, and a fairly strong correlation with the party of the President. No Republican president since Nixon has reduced the deficit as a % of GDP. No Dem president since LBJ has increased the deficit as a % of GDP. And on a % increase in debt basis the biggest offender of all was St. Ronald Reagan. who tripled it. An offense - yes. But less than 1% difference between his worst year and 2008. Now, we can take sides and reflect on the past -OR- we can work together to fix the future. How do we work together to do that?Nobody has time to listen; because they're desperately chasing the need of being heard. Quote Share this post Link to post Share on other sites
yoink 321 #9 October 14, 2014 BIGUN How do we work together to do that? Fire every single politician into the sun? Make it a criminal offense to personally profit from time in government? Quote Share this post Link to post Share on other sites
