- Joined
- Aug 27, 2005
- Messages
- 43,602
- Reaction score
- 26,256
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
Obama vows to cut huge deficit in half
.....by raising your taxes.
It's called stimulus, and it's not that elusive a fact to understand.
Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.
.....by raising your taxes.
It's called stimulus, and it's not that elusive a fact to understand.
Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.
And his first act in this deficit reduction is.......
Spending almost a trillion dollars.
I'm so confused. :mrgreen:
Article is here.
.....by raising your taxes.
It's called stimulus, and it's not that elusive a fact to understand.
Most countries are used to seeing stimulus policy in smaller amounts, in millions or even in billions... because of the scale, people are suddenly not understanding. The higher, the more risk, but also the higher pay off if the stimulus reboots the economy. All that money has a fixed return policy. If it works, it will actually decrease debt due to returns (the initial monetary input + economic development), and if it doesn't, well, at least they tried.
and "slashing" funding to the troops, including the 17k he just sent to afghanistan.
field mice, golf carts. std testing. look at that "stimulus"..... :lol:
Please provide evidence that these account for a more than miniscule portion of the stimulus package.
http://edition.cnn.com/2009/POLITICS/02/21/obama.deficit/index.html said:From 2001 to 2008, Congress appropriated about $173 billion in taxpayer funds toward war-related efforts in Afghanistan and $657 billion in Iraq, according to estimates by the Congressional Research Service.
So you can drop $800 billion into two countries, but oh no... spend $800 billion on America and christ you're a socialist!
Actually, he do have some surprises up his sleeve, the US will withdraw their troops from Iraq, saving $100 billion a year, over 10 year saving the money he used on the stimulous package, including interests paid and being paid for the Iraq war spending..
I see your point on a couple of things, like the golf carts, and maybe even the clean coal projects... but did anyone expect the democrats to not inject their self-interested ambitions into the stimulus bill? One the whole, the bill is far more about stimulus than pet projects. If the Republicans were in their position they would do the exact same thing... cover the bases, and then add the fluff. I'm not saying that justifies the Democrats doing it, but when you give the group in charge this kind of spending power, they are bound to drool a little bit.
Also, it would be difficult to justify that kind of spending after the stimulus package has been distributed because everyone's budget would be on a closely monitored system. It may be that they wanted to lump it in there now to get their pet projects out of the way so other things can be focused on later. But maybe this is wishful thinking on my part.
So you can drop $800 billion into two countries, but oh no... spend $800 billion on America and christ you're a socialist!
I read somewhere that if we were to divide all this money up it would equal over 200,000.00 per person, here in the US.
If that's true, does anybody think they are gonna get their share outta this?
Something tells me not. Call me jaded and skeptical. I dunno. :roll:
Actually, the US stimulus is rather small compared to some countries.. at least per capita.
Such as??? I would love to see what you are counting as "stimulus"...
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?