Ballscientist

The only thing I agree with Obama is to tax the rich. He has done nothing the pass 4 years.

How many of you are exciting on unemployment rate?

How many of you are exciting on 16 trillion deficit?

How many of you are exciting on making so many new enemies for America?

http://www.canadafreepress.com/index.php/article/50133


Surplus and deficit by single year.
1998 $69.2 Billion Surplus $97.33 Billion Surplus D R R
1999 $125.6 Billion Surplus $172.76 Billion Surplus D R R
2000 $236.4 Billion Surplus $314.78 Billion Surplus D R R
2001 $127.3 Billion Surplus $164.9 Billion Surplus R D R

2009 $1413 Billion Deficit $1509.62 Billion Deficit D D D
2010 $1294 Billion Deficit $1360.67 Billion Deficit D D D
2011 $1299 Billion Deficit $1324.16 Billion Deficit D D R
2012 $1100 Billion Deficit $1100 Billion Deficit D D R

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R-Star

Trash article by a trash writer. He talks about how no one has looked into all the amazingness that is Romney and his platform, and then says all Obama does is say "hope" and do nothing about it.

I'm a little ashamed that an article with the word suck in the title can get traction in Canada.

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R-Star

I tweeted him to let him know my displeasure.

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Nimreitz

Compare him to Bush, not Clinton. How much of that deficit is Bush tax cuts?

Mr. Hobbes

Romney will raise spending. So it can definitely get worse.

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don't edit me bro

Nimreitz

No shit, right? More wars and... nothing else. Even Ryan's proposed Medicare cuts are equal to what Obama has done, except under Ryan poor people will have to pay more. Oh, but PBS and "earmarks".

E.H. Munro

It's not the marginal rates that are the problem, it's the economy. When times are good revenues come in around 18%-19% of GDP regardless of the marginal rates. One of these days politicians will figure this out and limit spending accordingly. In the meantime both candidates "financial programs" call for spending well north of 20% of GDP into the distant future.

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If everyone loves you you're doing it wrong.

"Opium is the religion of the masses." Fred Reed

The Power of 99 Press

"He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

e-monk

but at least one of them is trying to raise revenues while cutting costs (and citing details) and at least one party has actually managed a balanced budget in the last 50 years (and oddly not the 'fiscally conservative' one)

Nimreitz

I don't get why this is so hard: save when the economy is doing well, spend out of a bad economy.

E.H. Munro

If you're proposing to spend more than 20% of GDP you're not being fiscally responsible.

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If everyone loves you you're doing it wrong.

"Opium is the religion of the masses." Fred Reed

The Power of 99 Press

"He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

e-monk

doubly so if your proposing to spend it while at the same time cutting revenues

E.H. Munro

They're not 'cutting revenues". In bad times revenues fall in the 14%-16% of GDP range, regardless of marginal rates, and 17%-19% of GDP when times are good. If you want to actually raise revenue you need to grow GDP. Raising marginal rates is boob bait for bubbas. About as effective as a fart in a hurricane.

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If everyone loves you you're doing it wrong.

"Opium is the religion of the masses." Fred Reed

The Power of 99 Press

"He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

Nimreitz

Hence why spending is the best thing to do in a recession.

E.H. Munro

Depends, we've been spending like angry beavers for the last twelve years and every cycle the bounce gets weaker and weaker. The phenomenon could be the result of all the accumulated debt, private and public, retarding the growth (indications at least point in that direction). The US does need to get off the consumer treadmill, but at this point I'm not sure how that happens. We're in a whole new world here.

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If everyone loves you you're doing it wrong.

"Opium is the religion of the masses." Fred Reed

The Power of 99 Press

"He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

Nimreitz

Because the spending isn't smart or really intended to raise GDP as much as it could. We need some good old fashioned Keynsian "put america to work" policies.