Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (70829)	10/10/2014 11:01:51 PM
From: LLCF	Read Replies (2) \| Respond to of 71588

Ummmm, dipshit.... Obama deficits (partly) due to Bush tax cuts... don't be stupid: <<Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obama’s watch — based on the latest Congressional Budget Office projections as well as legislation enacted since we last issued this analysis of what lies behind current deficits and debt.>> Here dicWeed: <<The deficit for fiscal year 2009 — which began almost four months before President Obama took office — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), marked the largest deficit relative to the economy since the end of World War II.>> Now don't be a dumb-ass, governments are supposed to run deficits during recessions and surpluses during booms.... BUSH DIDNT RUN A SURPLUS.... that was a massive mistake. Of course Clinton didn't either... also a massive mistake. You see moron... it's like a family... you run surplus during good times (duhh!!) and if you lose your job you runs deficit while looking for a new one... Do you get it now... or???? Why don't you take ECON 101 and come back and act like a grown up??? DAK

To: i-node who wrote (70829)	10/30/2014 1:07:18 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Deficits have DECLINED for every single Obama budget year. (While they increased for many of the earlier Bush II years leading up to the great crash.) Recovery after financial collapses (down throughout history) has always taken an average of at least TWICE as long as recovery from 'normal' business cycle recessions. The recession is long over now however it will probably take until close to the last year of Obama's second term before the annual deficits are gone. The GOOD news though on the federal deficit front is that the annual federal deficit now is AT OR BELOW THE AVERAGE (as a percent of GNP which is how deficits are measured) of what it has been over the last 50 years. So... as percent of GNP we are back to 'average' now, and still continuing to improve.