Misery Index soaring under Obama

Discussion in 'Politics' started by bugscoe, Sep 24, 2010.

  1. Lucrum

    Lucrum

    Out of control spending.
     
    #21     Sep 24, 2010
  2. How are they "ill-informed'?

    Why is the CBO projecting the deficit for this fiscal year to reach a record $1.5 trillion?

    Why are democrats refusing to pass a budget resolution for the coming fiscal year?
     
    #22     Sep 25, 2010
  3. Not quite, no. Congress didn't jack up spending except for items that the Republicans demanded, such as wars and tax breaks (all unpaid for, of course). Take a look at this:

    <img src="http://www.goiam.org/images/articles/imail/latest-imail/July-2010/07_27_2010_deficit_graph.jpg">
     
    #23     Sep 25, 2010
  4. Here's an excellent answer to your first question -- the CBO has created a graph where you can click on various policy alternatives to see their effect on the budget deficit (higher lines are better).

    http://www.goiam.org/images/articles/imail/latest-imail/July-2010/07_27_2010_deficit_graph.jpg

    As you can see from their website, the projected deficit for 2010 is $1.4 trillion, which is significantly better than the $1.5 trillion Republican catastrophe. Next year it's projected be even lower. Much of those costs for 2010 are, again, carryover costs from unpaid for wars on the other side of the planet and unpaid for tax cuts.

    As for your second question, congress hasn't passed a budget on time since 1998 at least according to Fox News. And if you can't trust Fox News to get the facts right... *cough*. Okay, I'll have to look that one up.
     
    #24     Sep 25, 2010
  5. #25     Sep 25, 2010
  6. My question was, why?

    from Politico:
     
    #26     Sep 25, 2010

  7. How is this a "Republican catastrophe" when:
    ?
     
    #27     Sep 25, 2010
  8. Lucrum

    Lucrum

    Doesn't most if not ALL spending go through congress?

    Your obvious spin to make it look like all republicans bad/all democrats = good is tiresome and falling on deaf ears.

    Example: many if not most democrats favored and voted for funding the wars that you mention.

    To try and spin everything into the republicans are the source of all our ills shows your extreme bias and imo severely hurts your credibility with most here.
     
    #28     Sep 25, 2010
  9. http://en.wikipedia.org/wiki/Misery_index_(economics)

    http://www.miseryindex.us/customind...2001-01&EndYear=2010-08&submit1=Create+Report
     
    #29     Sep 25, 2010
  10. Because there's a 1.4 trillion dollar deficit that the Republicans are attempting to pin on them, would be my guess.

    Naturally the Republicans are claiming this has never happened before, even though this procedure (or very similar) happened in 1999, 2003, 2005 and 2007.
     
    #30     Sep 25, 2010