Comments on: Obama promises to cut annual deficit in half by 2013 http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/ It's not just money - it's Llama Money Mon, 29 Aug 2011 22:29:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Llama Money http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/comment-page-1/#comment-2001 Llama Money Tue, 10 Mar 2009 14:10:51 +0000 http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/#comment-2001 Sarina, here are Bush's deficit numbers: 2001: $128 billion surplus 2002: $157 billion deficit 2003: $377 billion deficit 2004: $412 billion deficit 2005: $318 billion deficit 2006: $248 billion deficit 2007: $162 billion deficit 2008: $455 billion deficit 2009: ( Bush's budget ) ~$1.5 - $2 trillion EST. Any way you slice it, any way you dice it.... "lowering" the deficit from ~$2 trillion to ~$1 trillion is embarassing to even propose. A $1 trillion deficit is not, in any way, an accomplishment. Sarina, here are Bush’s deficit numbers:
2001: $128 billion surplus
2002: $157 billion deficit
2003: $377 billion deficit
2004: $412 billion deficit
2005: $318 billion deficit
2006: $248 billion deficit
2007: $162 billion deficit
2008: $455 billion deficit
2009: ( Bush’s budget ) ~$1.5 – $2 trillion EST.

Any way you slice it, any way you dice it…. “lowering” the deficit from ~$2 trillion to ~$1 trillion is embarassing to even propose. A $1 trillion deficit is not, in any way, an accomplishment.

]]> By: Sarina http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/comment-page-1/#comment-1981 Sarina Mon, 09 Mar 2009 02:11:14 +0000 http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/#comment-1981 I feel this article doesn't have enough information. What were the annual deficits during the Bush administration so we can have the history on the subject. Also, I agree that Obama stepped into this mess and is doing his best to get us out but he wants to be true to his word. If he does better than 50% great but he just does 50% than he didn't lie and is keeping his word. And we haven't seen that lately. That money was to help the economy Bush left in ruins. And I voted for Bush. I am sooo disappointed at their blatant lack of caring what happened to the economy after they stepped away from the Presidency! Disgusted. I feel this article doesn’t have enough information. What were the annual deficits during the Bush administration so we can have the history on the subject. Also, I agree that Obama stepped into this mess and is doing his best to get us out but he wants to be true to his word. If he does better than 50% great but he just does 50% than he didn’t lie and is keeping his word. And we haven’t seen that lately. That money was to help the economy Bush left in ruins. And I voted for Bush. I am sooo disappointed at their blatant lack of caring what happened to the economy after they stepped away from the Presidency! Disgusted.

]]> By: Llama Money http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/comment-page-1/#comment-1845 Llama Money Tue, 24 Feb 2009 18:19:31 +0000 http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/#comment-1845 Indeed, the short term contributes to lack of long-term sight.. I never really thought about that. But on the other hand, do we want a King for the next 30 years? Indeed, the short term contributes to lack of long-term sight.. I never really thought about that. But on the other hand, do we want a King for the next 30 years?

]]> By: Andy http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/comment-page-1/#comment-1843 Andy Tue, 24 Feb 2009 15:46:03 +0000 http://www.llamamoney.com/obama-promises-to-cut-annual-deficit-in-half-by-2013/#comment-1843 Cutting the deficit while growing our national debt, makes me laugh. Offcourse the media and the administration just picks up the "cutting debt" line so that everyone feels better. But I like the way you have explained it here. Or put another way, it's like cutting your household expenses while adding to your home loan by taking on extra lines of credit. Short term relief for ling term pain. The beauty of a 4 year adminstraton. Cutting the deficit while growing our national debt, makes me laugh. Offcourse the media and the administration just picks up the “cutting debt” line so that everyone feels better. But I like the way you have explained it here.

Or put another way, it’s like cutting your household expenses while adding to your home loan by taking on extra lines of credit. Short term relief for ling term pain. The beauty of a 4 year adminstraton.

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