Rising revenues to shrink deficit rapidly through 2015: CBO

May 14, 2013 Full story: Reuters 53

Congressional Budget Office Director Douglas Elmendorf speaks at a news conference to release the CBO's annual ''Budget and Economic Outlook'' report on Capitol Hill in Washington February 5, 2013.

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“I call it as I see it.”

Since: Jul 09

Retirement City

#43 May 17, 2013
flbadcatowner wrote:
<quoted text>Cutting taxes in the Bush administration (primarily for the wealthy) contributed to much of our present deficits which were forecast to exceed one trillion dollars even before Obama took office.
After Bush cut taxes for the wealthy to excess, let us just consider that Obama restored some of the sanity required for our tax code to produce more revenue. Yes, I agree the budget should be trimmed as certain social programs are over indulgent to those who want to be takers instead of producers.

Since: Nov 08

Location hidden

#44 May 17, 2013
flbadcatowner wrote:
<quoted text>After Bush cut taxes for the wealthy to excess, let us just consider that Obama restored some of the sanity required for our tax code to produce more revenue. Yes, I agree the budget should be trimmed as certain social programs are over indulgent to those who want to be takers instead of producers.
Again the tax cuts were across the board. I hope you got agreement answering your own question.
conservative crapola

Allentown, PA

#45 May 17, 2013
The U.S. national debt grew significantly from 2001 to 2009, both in dollar terms and relative to the size of the economy (GDP),[1] due to a combination of tax cuts and wars in both Afghanistan and Iraq. Budgeted spending under President Bush averaged 19.9% of GDP, similar to his predecessor President Bill Clinton, although tax receipts were lower at 17.9% versus 19.1%.
Gary

Bellingham, WA

#46 May 17, 2013
Shrinking the deficit is a legitimate goal,
but not at the expense of economic growth.

We need jobs more than we need shrinking deficits.
More jobs will produce more revenue and that is
the way to cut the deficit, not starve our way
to it.
conservative crapola

Allentown, PA

#47 May 17, 2013
"The Deficit Just Dropped Massively"

http://politix.topix.com/homepage/6100-the-de...

Obama policies win again
Gary

Bellingham, WA

#48 May 17, 2013
conservative crapola wrote:
The U.S. national debt grew significantly from 2001 to 2009, both in dollar terms and relative to the size of the economy (GDP),[1] due to a combination of tax cuts and wars in both Afghanistan and Iraq. Budgeted spending under President Bush averaged 19.9% of GDP, similar to his predecessor President Bill Clinton, although tax receipts were lower at 17.9% versus 19.1%.
We have to remember that Republicans don't care about the
size of deficits. Bush ran up $6.5 trillion in federal
deficits and you never heard a peep from Republicans about it.

What they care about is where the money goes and who
gets it. If it goes to their constituency, the rich and
super-rich, that's okay. But if it goes to the people via
health care, schools, environmental projects, infrastructure
and social programs the Republicans will scream like wounded
mallards about it. Their hypocrisy runs deep.
conservative crapola

Allentown, PA

#49 May 17, 2013
Gary wrote:
<quoted text>
We have to remember that Republicans don't care about the
size of deficits. Bush ran up $6.5 trillion in federal
deficits and you never heard a peep from Republicans about it.
What they care about is where the money goes and who
gets it. If it goes to their constituency, the rich and
super-rich, that's okay. But if it goes to the people via
health care, schools, environmental projects, infrastructure
and social programs the Republicans will scream like wounded
mallards about it. Their hypocrisy runs deep.
It was sheknee who famously said,'reagan proved deficits don't matter'.

Why all the screaming from con-nie?

hahahahahahahahaha

“I call it as I see it.”

Since: Jul 09

Retirement City

#50 May 17, 2013
The Republicans have finally allowed the economically disadvantaged to participate in the GOP. An economically disadvantages Republican is one making less than $300,000 per year.

Since: Nov 08

Location hidden

#51 May 17, 2013
conservative crapola wrote:
The U.S. national debt grew significantly from 2001 to 2009, both in dollar terms and relative to the size of the economy (GDP),[1] due to a combination of tax cuts and wars in both Afghanistan and Iraq. Budgeted spending under President Bush averaged 19.9% of GDP, similar to his predecessor President Bill Clinton, although tax receipts were lower at 17.9% versus 19.1%.
cut and paste off topic. snagged, bagged and tagged.

Since: Nov 08

Location hidden

#52 May 17, 2013
flbadcatowner wrote:
The Republicans have finally allowed the economically disadvantaged to participate in the GOP. An economically disadvantages Republican is one making less than $300,000 per year.
lie

Since: Nov 08

Location hidden

#53 May 17, 2013
conservative crapola wrote:
"The Deficit Just Dropped Massively"
http://politix.topix.com/homepage/6100-the-de...
Obama policies win again
yep, after the republican house cut up his credit card. Just like Clinton.
conservative crapola

Reading, PA

#54 May 17, 2013
Le Jimbo wrote:
<quoted text>cut and paste off topic. snagged, bagged and tagged.
How'd ya make out?

“I call it as I see it.”

Since: Jul 09

Retirement City

#55 May 18, 2013
Le Jimbo wrote:
<quoted text>yep, after the republican house cut up his credit card. Just like Clinton.
Except that Clinton was already lowering the deficits before the GOP took control of Congress.

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