GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Fox news babe DESTROYS White House spokesman

12clicks · 09-01-2010, 12:56 PM

Quote:

Originally Posted by TheDoc

Here: http://www.cbpp.org/cms/index.cfm?fa=view&id=3036 (with sources)

No Obama love story here, they say some of his spending adds to the deficit, but with reason... It also lays out a huge amount of actual facts.

"By the time CBO issued its new projections on January 7, 2009 ? two weeks before Inauguration Day ? it had already put the 2009 deficit at well over $1 trillion."

Yeah, probably was Obama that did it..... probably in some lala land of stupidity.

"The key question is: where do we go from here? President Obama?s 2011 budget proposes to reduce anticipated deficits over the next ten years, chiefly by letting the Bush tax cuts for high-income taxpayers expire on schedule, closing certain tax loopholes and reforming the international tax system, keeping estate taxes at their 2009 parameters, enacting health care reform, and freezing (in aggregate) most appropriations for non-security domestic programs for the next three years. The President also supports another round of temporary recovery measures that would boost the deficit in 2010 through 2012, a proposal that is appropriate in size and well targeted.[8] Center on Budget and Policy Priorities? analyses have found that in aggregate, the President?s proposals would reduce deficits over the 2011-2020 period by an estimated $1.3 trillion.

Like most fiscal analysts, we believe that the Administration and Congress will need to take considerably larger steps. The President himself acknowledges that his proposals do not fully put the budget on a sustainable footing and has established a bipartisan fiscal commission to recommend more substantial deficit reductions........"

But hey... Obama's polices are going to increase it by 20 trillion and Obama wants to grow the gov and spend us to death. Clearly it's true, fox news reported it and you believed it.

as I said, halfwit. find facts, not leftist opinion.

http://www.msnbc.msn.com/id/29791927/

WASHINGTON ? President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, an eye-popping figure that threatens his ambitious goals to overhaul health care and explore new energy sources, congressional auditors said.
The new Congressional Budget Office figures that emerged Friday offered a far more dire outlook for Obama's budget than the new administration predicted just last month ? a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable.
In his White House run, Obama assailed the economic policies of his predecessor, President George W. Bush. But the dismal deficit figures, if they prove to be accurate, would amount to more than four times the deficits of Bush's presidency and raise the prospect that Obama and his Democratic allies controlling Congress would have to consider raising taxes after the recession ends.
By the auditors' calculation, Obama's budget would generate deficits averaging almost $1 trillion a year of red ink over 2010-2019.
Worst of all, the budget office says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.
White House budget chief Peter Orszag said that CBO's long-range economic projections are more pessimistic than those of the White House, private economists and the Federal Reserve, and that he remained confident that Obama's budget, if enacted, would produce smaller deficits.
Even so, Orszag acknowledged that if the CBO projections prove accurate, Obama's budget would produce deficits that could not be sustained.
------------------------------
http://www.newsmax.com/Newsfront/deb...4/21/id/356486

America?s fiscal picture is even worse than it looks,? Altman writes. ?The non-partisan Congressional Budget Office just projected that over 10 years, cumulative deficits will reach $9.7 trillion and federal debt 90 percent of gross domestic product ? nearly equal to Italy?s.

?Global capital markets are unlikely to accept that credit erosion,? Altman says. ?If they revolt, as in 1979, ugly changes in fiscal and monetary policy will be imposed on Washington. More than Afghanistan or unemployment, this is President Barack Obama?s greatest vulnerability.?

The financial outlook for the United States is frightening. The CBO projects the size of the federal debt to increase by nearly 250 percent over 10 years, from $7.5 trillion to a whopping $20 trillion.

The only remote comparison to such a debt load occurred during World War II, a global conflict that killed 50 million people, Altman and other analysts have written.

But there is no real comparison even in the 1940s and '50s for such a rise in indebtedness ? nothing remotely like it has occurred since record keeping began in 1792, Altman writes.

now I'm sure the CBO is lying