Before and after Reid and Pelosi

Discussion in 'Politics' started by Ps104_33, Dec 5, 2008.

  1. Ps104_33

    Ps104_33
    Expand Collapse
    New Member

    Joined:
    Sep 3, 2001
    Messages:
    4,005
    Likes Received:
    0
    $165 Billion: Budget deficit, fiscal 2007
    $1000 Billion: Budget deficit, fiscal 2009 (estimated)

    4.5%: Unemployment rate: November 2006
    6.7%: Unemployment rate: Today.

    $50 Trillion: Net worth of the United States, November 2006
    $44 Trillion: Net worth of the United States: Today.

    12,157: Dow, November 2006
    8,600: Dow, Today.http://online.wsj.com/article/SB122826830788174699.html
     
  2. KenH

    KenH
    Expand Collapse
    Active Member

    Joined:
    May 18, 2002
    Messages:
    32,485
    Likes Received:
    0
    The 2007 fiscal deficit was way more than $165 billion. And the 2008 fiscal deficit was just over $1 trillion. And I will not be surprised at all if the 2009 fiscal deficit is way over $1 trillion.

    The information can be found by searching here:

    www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
     
  3. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    2008 reached the trillion dollar mark under Reid and Pelosi after the recent round of bailouts they rammed through Congress.

    Looks like right now , obama will preside over a 5 trillion dollar deficit or more in 2009.

    I hope he understands what NO means. But by listening to him , it's not very likely.
     
  4. KenH

    KenH
    Expand Collapse
    Active Member

    Joined:
    May 18, 2002
    Messages:
    32,485
    Likes Received:
    0
    I don't think so. The 2008 fiscal year ended on September 30. I don't know if the Republican Bush adminstration had spent any of the $700 billion it asked for by then.
     
  5. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    That makes you a liar when you stated:

     
  6. saturneptune

    saturneptune
    Expand Collapse
    Banned

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    0
    The Democratic Congress had a big part in the 700 billion, no 850 billion bailout. There is plenty of blame to go around. Since the Bush Administration is now history, it is time to focus forward and solve the problem. Raking the past over the coals serves no purpose.
     
  7. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    1. Bush asked for the bailouts along with Republican supporters, why do you give all the credit to Pelosi?

    2. Why is it Pelosi's deficit when Bush is in Office but Obama deficit when he takes over?
     
  8. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    Bush is still president, the deficit isn't Obama's until he takes the oath of office.
     
  9. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    Democrats don't support it, it doesn't happen.

    Responsibility comes with being in the majority.
     
  10. KenH

    KenH
    Expand Collapse
    Active Member

    Joined:
    May 18, 2002
    Messages:
    32,485
    Likes Received:
    0
    Not at all. The federal government has been running $500-600 billion budget deficits for several years before 2008.

    It simply went up more during the recession this year that started in December 2007. I have no idea how much of the bailout money was spent by September 30. Do you? So how does that make me a liar? Can you explain your statement?
     
  11. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    hen the Republican's didn't vote for the first package it didn't happen. So in the house the responsibility was shared.

    Lastly, the legislation was signed into law by the president. Without the president it doesn't happen no matter what the Dem's wanted to do. There are not enough Dem's to override the presidents veto.

    All the law did was allocate money, Hank is the one giving it out.

    There is a lot of responsibility to be shared and you are unfairly putting it on one party. Each party is doing their job in this time of crises.
     
  12. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    None, it passed the house on Sunday, September 28, 2008. Hank didn't give out a check for a few days after that.
     
  13. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    [personal attack snipped]

    The fiscal year 2008 deficit was $455 Billion, not over a $1 trillion as you stated here:

    .

    I assumed when you made such a stupid statement that you were referring to calender year instead of the fiscal year. You explained you knew the difference. [personal attack snipped]
     
    #13 carpro, Dec 6, 2008
    Last edited by a moderator: Dec 7, 2008
  14. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    The trouble with liberals is a decided bias against taking responsibility for their actions, including the responsibility of being in the majority in Congress.

    Nothing...and I mean nothing, gets through Congress without the support of the majority party.
     
  15. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    Do you have a link or are we to take your word for this?
     
  16. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    I see it just the opposite, it is the GOP trying to dodge responsibility for their actions. Even if nothing can get through the house without the majority party, it doesn't negate the FACT that the minority party voted for the package.

    Their president asked for the package, their treasury secretary begged on his knees for the package, their treasury secretary is the only one passing out checks from the package... Will the GOP take responsibility for their actions?
     
  17. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    Take my word.

    I haven't seen you question Kenh's statement and his source doesn't even mention fiscal year deficits.

    Why don't you ask him for one that backs up his $trillion claim?

    When he does that, I'll give you mine.:thumbs:
     
  18. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    Gotcha... :thumbs:
     
  19. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    Of course you do.
     
  20. dragonfly

    dragonfly
    Expand Collapse
    New Member

    Joined:
    Mar 4, 2008
    Messages:
    1,594
    Likes Received:
    0
    [snipped by moderator]
     
    #20 dragonfly, Dec 6, 2008
    Last edited by a moderator: Dec 7, 2008

Share This Page

Loading...