Obama is on right now
- Thread starter Skulnik
- Start date
Interesting - Obama has a face to face give and take with Republicans, and the first thing out of Skul is ridiculing him about a teleprompter. No credit, no middle of the road at all, just stupid base rip that has no basis in fact or anything real. Nicely done, Skul. Here's something tangible and real from the exchange - don't remember any of the Bushes or any other president, actually, that took a step like this to face the opposition - and unified, vengeful, obstructionist opposition like we've never seen before, I might add:
This, From Politifact.com:
The Truth-O-Meter Says:
Obama came into office "with a $1.3 trillion deficit before I had passed any law. ... We came in with $8 trillion worth of debt over the next decade."
Barack Obama on Friday, January 29th, 2010 in a Republican retreat in Baltimore
Obama inherited deficits from Bush administration
In a spirited and unscripted debate with the House GOP, President Barack Obama said Republicans were wrong to portray him as running up large deficits.
Speaking at a retreat for House Republicans in Baltimore on Jan. 29, 2010, Obama was particularly critical of a question from Rep. Jeb Hensarling of Texas. Hensarling asked Obama, "You are soon to submit a new budget, Mr. President. Will that new budget, like your old budget, triple the national debt and continue to take us down the path of increasing the cost of government to almost 25 percent of our economy?"
"The fact of the matter is," Obama replied, "is that when we came into office, the deficit was $1.3 trillion -- $1.3 trillion. So when you say that suddenly I've got a monthly deficit that's higher than the annual deficit left by Republicans, that's factually just not true, and you know it's not true. And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."
We checked Hensarling's claim in a separate item. Here, we'll look at Obama's claim that he came into office with a $1.3 trillion deficit and $8 trillion worth of debt over the next decade.
On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. The 10-year projection was estimated to be about $3.1 trillion. So Obama's number was very close on the 2009 deficit -- he said $1.3 trillion -- but substantially different from the 10-year projection -- he said $8 trillion.
There are two reasons why he differs from the CBO. On the difference between the $1.2 trillion and the $1.3 trillion, the Obama administration credited a small portion of spending on its watch to policies of the previous administration. The reason for this is that the federal government runs on a fiscal year that starts Oct. 1, so Bush and Obama technically split responsibility for 2009 spending.
The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed.
Economists we spoke with -- Josh Gordon, policy director for the Concord Coalition, and Brian Riedl, lead budget analyst of the conservative Heritage Foundation -- both said they believe the White House approach is more realistic because it assumes current policy will continue.
So the CBO's estimate is $5 trillion lower than the White House numbers, though economists don't quibble with the White House methodology. It does highlight, however, that when it comes to budget projections, people can have differences of opinion about what to include. In any budget projection there is room for interpretation, but it seems reasonable to assume for a baseline that the Bush tax cuts will continue. Obama's numbers are fairly solid, so we rate his statement Mostly True.
This, From Politifact.com:
The Truth-O-Meter Says:
Obama came into office "with a $1.3 trillion deficit before I had passed any law. ... We came in with $8 trillion worth of debt over the next decade."
Barack Obama on Friday, January 29th, 2010 in a Republican retreat in Baltimore
Obama inherited deficits from Bush administration
In a spirited and unscripted debate with the House GOP, President Barack Obama said Republicans were wrong to portray him as running up large deficits.
Speaking at a retreat for House Republicans in Baltimore on Jan. 29, 2010, Obama was particularly critical of a question from Rep. Jeb Hensarling of Texas. Hensarling asked Obama, "You are soon to submit a new budget, Mr. President. Will that new budget, like your old budget, triple the national debt and continue to take us down the path of increasing the cost of government to almost 25 percent of our economy?"
"The fact of the matter is," Obama replied, "is that when we came into office, the deficit was $1.3 trillion -- $1.3 trillion. So when you say that suddenly I've got a monthly deficit that's higher than the annual deficit left by Republicans, that's factually just not true, and you know it's not true. And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."
We checked Hensarling's claim in a separate item. Here, we'll look at Obama's claim that he came into office with a $1.3 trillion deficit and $8 trillion worth of debt over the next decade.
On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. The 10-year projection was estimated to be about $3.1 trillion. So Obama's number was very close on the 2009 deficit -- he said $1.3 trillion -- but substantially different from the 10-year projection -- he said $8 trillion.
There are two reasons why he differs from the CBO. On the difference between the $1.2 trillion and the $1.3 trillion, the Obama administration credited a small portion of spending on its watch to policies of the previous administration. The reason for this is that the federal government runs on a fiscal year that starts Oct. 1, so Bush and Obama technically split responsibility for 2009 spending.
The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed.
Economists we spoke with -- Josh Gordon, policy director for the Concord Coalition, and Brian Riedl, lead budget analyst of the conservative Heritage Foundation -- both said they believe the White House approach is more realistic because it assumes current policy will continue.
So the CBO's estimate is $5 trillion lower than the White House numbers, though economists don't quibble with the White House methodology. It does highlight, however, that when it comes to budget projections, people can have differences of opinion about what to include. In any budget projection there is room for interpretation, but it seems reasonable to assume for a baseline that the Bush tax cuts will continue. Obama's numbers are fairly solid, so we rate his statement Mostly True.
well we know that you would not recognize the truth if it came up behind you and bit you right on the ass.
Obama and his LIBERAL media, get REAL Scott, that COCKSUCKER couldn't handle the Shit Bush had and has to put up with.
JMHO
- Feb 26, 2001
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Obama and his LIBERAL media, get REAL Scott, that COCKSUCKER couldn't handle the Shit Bush had and has to put up with.
JMHO
I see you came back with an outstanding intelligent post in response to Chadman. Good job.
Obama and his LIBERAL media, get REAL Scott, that COCKSUCKER couldn't handle the Shit Bush had and has to put up with.
JMHO
Where did Bush have a question and answer session with the dems like Obama did?
Bush had to put up with shit that he caused.
I'm glad you tune in to FOX, there is hope for you, try watching and stop yelling at the TV.
TIA
Got to give you an A on avatar--one of funniest I 've seen. Will put in my politcal photo archives with your permission. Will adjust it a little with heading under it.
TEST
It's not my fault
I was not watching Fox, I read about them turning the QandA off early.
You really have no idea about anything do you Skull?
This thread is a perfect example of about how you add zero to this forum.
Shawn, once again you act as though you somehow add to the forum, what makes you think that? I see you as a LITTLE Yiper dog that PILES on when the LIBERALS are going RABID on a Conservative voice, I couldn't care less what you think about anything and would think i'm not alone
LMAO@U.
:mj07:
HEE HAWWWWWWWWWWWWW
Yeah and I care what your racist ass thinks.
Shouldn't you be looking for work? I know your betting selections are not getting it done, and have never got it done.
How long before you get drunk and spout some more racist nonsense you pitiful fuck.
Got to give you an A on avatar--one of funniest I 've seen. Will put in my politcal photo archives with your permission. Will adjust it a little with heading under it.
TEST
It's not my fault
I actually got it from a E-Mail that was forwarded to me, the heading on the e-mail was, It's Bushes Fault.
:mj07:
