Obama Promises to Halve Deficit
soulsinging
Posts: 13,202
http://news.yahoo.com/s/ap/20090223/ap_ ... ma_economy
Says he will halve our national debt by the end of his first term.
I have two words: "uh.... how?"
The biggest spending bill in history doesn't seem like the best way to start such a plan. That said, if he can deliver on serious spending restraints, cut wasteful spending, and bring down the debt, more power to him.
Says he will halve our national debt by the end of his first term.
I have two words: "uh.... how?"
The biggest spending bill in history doesn't seem like the best way to start such a plan. That said, if he can deliver on serious spending restraints, cut wasteful spending, and bring down the debt, more power to him.
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He's ending the war in Iraq... although one would think that higher troop levels in Afghanistan would lead to larger spending in that region but no one figured that in yet....
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5/23/2011- An utter embarrassment... ticketing failures too many to list.
maybe the $20 billion to Israel every year will stop. or the $4 billion to Egypt. Or the billions to Saudi Arabia. or the hundreds of millions to Columbia. or just scale back the massive military industrial complex. the US spends more on weapons and 'defense' than the next 27 countries COMBINED. Obama could easily halve the debt in four years. hundreds of billions in grants go out to corporations every year. cut that out.
one of the biggest crimes has been the war in Iraq, not even counting the fact that the US has killed over 1 million Iraqi's. The Bush admin used the war as an excuse to hand out tax dollars to their buddies in Haliburton and Raytheon and Lockeed. El Kabong sent me a good dvd, called War Profiteering, about the war in Iraq. they basically looted the treasury, the US and Iraqi treasuries, and handed it out to corporations. one of the biggest cash withdrawals in history happened right after the US looted Baghdad, someone withdrew $2 billion in cash from a NY bank. they had crates of hundred dollar bills that all went unaccounted for. they just handed it out.
I think Obama could make huge steps in ending these corrupt handouts, would go a long way in cutting the deficit.
What evidence do you have that Obama is going to do all of those thnigs you mention?
Hey commy say hi to Toto and Dorthy for me ok b/c you're livin in the land of oz .
Phase 1: Tax us into prosperity
Phase 2: Print more money
With a plan like that, how could it fail? :shock:
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That movie (assuming we're talking about the same one - Iraq For Sale: the War Profiteers), is infuriating. It's amazing how blatantly corrupt those no-bid, cost-plus Halliburton contracts are, and how badly they’ve abused the billings…they send unaware civilian truckers into active war zones with empty trailers so that they can bill the govt for the trip. If they get a flat, they blow up the truck, claim it on insurance and bill the govt for a new one. If a truck or equipment arrives in Iraq with the wrong options, they burn it, claim it, and bill for a new one…they're paying $250k over a 3 yr lease for a $30k vehicle so that the '+' in 'cost-plus' is a higher figure.... I was fuckin livid watching it.
Are you saying this fat can't be trimmed, or that it won't happen under Obama?
For the Love of god where do you get this 1 million dead that means every day of the war for the past 5 years 550 people were killed. Try again
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Where I'm not ugly and you're lookin' at me
was pointing out that halving the deficit wouldn't be as hard as it seems.
Q How many members of your household, if any, have died as a result of the conflict in Iraq since 2003 (ie as a result of violence rather than a natural death such as old age)? Please note that I mean those who were actually living under your roof.
None 78%
One death 16%
Two deaths 5%
Threedeaths 1%
Four+ deaths 0.002%
Given that from the 2005 census there are a total of 4,050,597 households this data suggests a total of 1,220,580 deaths since the invasion in 2003.
Good God, that's the worst method of estimating casualties I ever heard.
As to your ideas RE the budget, those are all good starts. And yes, the gouging done by contractors in Iraq is very real and very disgusting. But even so, I don't think Iraq alone is enough to balance the budget. The debt is up in the trillions... it's a staggering number. Iraq can't solve that problem. In addition, to REDUCE debt you have to make sure tax revenue is higher than spending... how Obama plans to do that with reduced taxes and increased domestic spending is beyond me. I hope he can pull it off, but it seems like the kind of goal he has no prayer of achieving.
Halving is every bit as hard as it seems, if not harder.
Wow, someone actually paid for this poll to be conducted?
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
You're right, it's deficit. It boggles the mind that we have a $1.5 trillion deficit just for this year. I suppose I can see him halving that by the end of his first term, but it sure would be nice if he could get the deficit down to zero by then... Clinton managed it. I can't even wrap my head around how far in the hole this country is.
It's One hundred-fifty-thousand-million dollars a year, what's so hard to wrap your head around? Let's just call it a bazillion. Means about the same to most people. (is that even right?
You would think halving the deficit would be easy. It's 1.5T/yr? Cut $750B from the budget. It's not rocket science....
but ya....halving the debt would mean actually producing goods, and MAKING money (or pretty much stopping all govt services)...seems the only people making money these days are the central banks...as in printing it.
:fp:
you wouldn't know that by watching fox news or listening to the radio.
every other attempt to cut it further has been filibustered in the senate or not brought to a vote in the house. something about the republicans not wanting to increase revenue via tax increases on the wealthy or something. also something about the republicans believing we can cut our way out of debt or something...
why would the gop ever vote to do anything good for the country?? they can't, because it would give them one less thing to bitch about and one less thing to pin on obama.
"Well, you tell him that I don't talk to suckas."
:fp:
The US gov't seems to be the only gov't to consistently injure itself, over and over again. The "most powerful country in the world" can't seem to stop sabotaging itself. Makes one feel real good to be a citizen...