Subscribe by RSS
If we remember correctly, the Obama administration gave us some rosy estimates of the budget deficit which were still obscene, but not as obscene as the true estimates from the Congressional Budget Office, a non-partisan number crunching entity for congress.
To put this in perspective, last year’s deficit was a mere $459 billion which should make you pause for just a second about what Obama is selling us into for the next decade.
The story from WaPo:
President Obama’s ambitious plans to cut middle-class taxes, overhaul health care and expand access to college would require massive borrowing over the next decade, leaving the nation mired far deeper in debt than the White House previously estimated, congressional budget analysts said yesterday.
In the first independent analysis of Obama’s budget proposal, the nonpartisan Congressional Budget Office concluded that Obama’s policies would cause government spending to swell above historic levels even after costly programs to ease the recession and stabilize the nation’s financial system have ended.
Tax collections, meanwhile, would lag well behind spending, producing huge annual budget deficits that would force the nation to borrow nearly $9.3 trillion over the next decade — $2.3 trillion more than the president predicted when he unveiled his budget request just one month ago.
Although Obama would come close to meeting his goal of cutting in half the deficit he inherited by the end of his first term, the CBO predicts that deficits under his policies would exceed 4 percent of the overall economy over the next 10 years, a level White House budget director Peter R. Orszag yesterday acknowledged would “not be sustainable.”
The result, according to the CBO, would be an ever-expanding national debt that would exceed 82 percent of the overall economy by 2019 — double last year’s level — and threaten the nation’s financial stability.
“This clearly creates a scenario where the country’s going to go bankrupt. It’s almost that simple,” said Sen. Judd Gregg (N.H.), the senior Republican on the Senate Budget Committee, who briefly considered joining the Obama administration as commerce secretary. “One would hope these numbers would wake somebody up,” Gregg said.
One of the problems is that Obama is anti-business and anti-growth, based on his policies. Therefore, how does he expect the private sector to generate money to be taxed for his plans? He is sucking capital from the private sector and will continue to do so for the next decade.
Here’s the numbers in all this from USAToday:
WASHINGTON (AP) — President Obama’s budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to new estimates released Friday.
The new Congressional Budget Office figures predict Obama’s budget will produce $9.3 trillion worth of red ink over 2010-2019. That’s $2.3 trillion worse than the administration predicted in its budget just last month.
Worst of all, CBO says the deficit under Obama’s policies would never go below 4% of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5% of gross domestic product, a dangerously high level.
The latest figures throw a major monkey wrench into efforts to enact Obama’s budget, which promises universal health care for all and higher spending for domestic programs like education and research into renewable energy.
Common sense says we can’t afford Obama and his nanny state policies and the numbers back that common sense up. We can’t afford it, the notion that we can somehow borrow from ourselves to pay ourselves is even more insane.
I’ll defer to Glenn Beck for a deeper illustration of Obama’s economic policies and what they will do to America:
It’s madness and the deficit stories confirm the danger in Obama’s policies. Obama is using failed socialist policies of the past to usher in a new era of government control. Hopefully America will put a stop to it in 2010 before most of policies take hold.
Visit the You Decide Politics Store »
Loading ...
The economy to President Obama is what Vietnam was to LBJ.
Screwing with his utopian domestic plans of a “New Great Society” and ending poverty.
A just read an interesting article and followed up by going to the organizations website.
Today 21st of March 2009 a sitting President of the United States is organizing a political organization loyal to him,bound by a pledge, outside government and existing party apparatus to come to your house.”Organizing For America” which was formed by President Obama in January for the purpose of keeping up grass roots support will be running “Pledge Project Canvas” today.They will be coming to your house with pledges of support for you to sign drumming up support for President Obamas Health Care,Energy and Education legislation.Needless to say no other President has done anything like this and NOTHING IS MENTIONED on the form of it going to your representative in Congress.
Can you say BROWNSHIRTS?
http://www.barackobama.co.....nvasguide/
Does anyone remember why obama was supposedly elected? Because he was better and more trusted on economics than McCain, remember that? Talk about buyer’s remorse, everyone who put obama into office should be suffering from it right about now.
Does anyone remember in 1992 when Bill Clinton had the slogan”IT’S THE ECONOMY STUPID” Perhaps President Obama should follow at least one of his ideas and focus on whats a priority instead of his personal legacy…….socialism!
“Money is water”, after all.
All you LIBERAL take your money and buy all this stuf you can. Will make you a $ trillionaire
“Obama Seeks Investors in Plan to Buy Illiquid Assets
March 23 (Bloomberg) –” The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets”.
http://www.bloomberg.com/.....refer=home
http://cosmos.bcst.yahoo......;ch=130510
A while back I stated I am starting to think President Obama is doing this on purpose to the economy.It seems others are starting to think the same way.See the following article:
http://www.patriotpost.us.....alism.html
This country is going to hell in a hand basket!
JD ……Do you care to elaborate on that?
Sure DD, I just realized this site is based around people hearing what they want to hear. So I though I would be nice today and give that gift.
One can only hope that JD opened his eyes and now sees what the democratic/liberal party really is all about, socialism!
JD ……If you want to talk to people who only
hear what they want to hear then you should talk to the people who were hoodwinked into voting for President Obama.
Messiah?….Our Messiah was a carpenter this guy couldn’t even put a cabinet together!
You really think Obama won by a landslide because the people thought he was the next Jesus Christ? I think you’re the one being hoodwinked
His opposition was a very old man, an admirable one, but one who had survived torture and (more than once) cancer. He knew very little of the technology America’s future will need to be made of. And in his well honed wisdom he chose a neophyte to be his successor.
Obama would have to do some really, really terrible work to make me regret my vote. If you think someone’s been hoodwinked, I’d blame the 2-party system. If America’s screwed, that’s what’s screwed us
Bones………..Well I’ll tell you what he DIDN’T win because of….his experience, naiveness and dubious associations.And it’s been proven the past two months he doesn’t have a clue as to how to cure the economy.The New York Times,Newsweek and liberal columist are writing they have doubts of his competence.
No I don’t suspect you would have the courage to admit you were wrong in supporting President Obama.Finally it’s refreshing to hear you admit you believe in a totalitarian system.
Yeah DD, thanks for the paraphrasing.
If you really think pointing out that one candidate is flawed means the other candidate is not more flawed….
well you’ve got other thinks coming.
I guess that explains why house sales are up last month and why the Dow just jumped up 500 points today with news of his how Obama is structuring the toxic debt program.
The market is showing signs that it is getting ready to come back. However, I am not surprised that you all will blame him for everything and give him zero credit for anything.
But truth be told, Obama is not the only reason why the market fails and why the market recovers but he has not been the cancer certain members on here would like everyone to believe.
Entering Soap Box here -> I guess I am just really upset with what this site has turned to. All of the articles are commentaries not news and on top of that, they are selective on what goes in the commentary. I like talking with you guys (Nate, Babs, CG, Bones) but it would be nice if the supposed news articles could represent both sides or at least let some of us other contribute.
I use to come here for a nice part of my news but it seems to only keep up with conservative talk shows.
Anyway, this is not my site and for that reason this page is not a democracy but I would like to see more news worthy articles or at least allow people from the other side to be represented.
JD. Very true, this is why this site continues to have the same hand full of people commenting on here and it fails to gain in active commenting from anyone other than the usual suspects. But, to each their own, I suppose every group needs somewhere to vent their paranoid beliefs.
bones……We knew all humans are flawed it was the Democrat voters who were looking for a Messiah.And your suggestion is for what type of government?
JD………You have got to be kidding? The market has dropped what 4000 points and you are bragging about a 500 point jump today? Lets just hold back on the hosannas about giving credit for quite a while yet and it’s not just on this site he was being blamed for not having a clue.President Obama hasn’t appointed ANY ASSISSTANTS in the Treasury Dept.yet…..NOT A ONE!
If you remember I stated the same thing back in February about having the news stories balanced.Like you said it isn’t our site so we have to accept the route Nate took.You are the ONLY Democrat that remained on the site to express your views so I admire you for that.The others obviously can’t support their veiws with facts but just enjoy spouting wind. I thought you were thinking about submitting an article? What happened to that?
Psssst……Bill is going to be pissed you didn’t include him in people you enjoy talking to.
Kendale__You make few comments here. Is clear why. You may have enough sense to know o is indefensible. You can make the cute statements but no factual stand is presented by you for o. Just an attempt to insult. The only way you can. You show no defense for o programs. Use of cheap shots as seen in your last comment.
DDMao
Countless times facts are presented to jd and dismissed by him as erroneous. To destroy his logic each and every line is possible, and been done. However, he flees to another article to return no more to the article of his destruction. I just accept his ignorance. Ignorance is unwilling to learn. The worst of all human flaws. I pity jd. Please don’t be pissed at him, I’m not. I pity his inabilities. To learn and grow intellectually.
jd
In regards to possible improving economy now. Give Bush, not o, credit.
“Obama promises laid off workers jobs at Caterpillar plant in East Peoria”
EAST PEORIA, Ill. ‹ “Once President Obama signs the $789 billion stimulus
package, roads will start getting built again, orders for Caterpillar trucks
will go up again and the company can start hiring back some of the 22,000
workers it plans to lay off”, he said
…..
Shortly after o speach, CEO begs to differ…..
Also after Obama¹s speech, Caterpillar CEO Jim Owens said “the 22,000 layoffs
will go ahead even if the bill is signed ‹ and there may be more layoffs
after that”.
Owens said “only about 20 percent of the bill is ³hard construction² projects
that will help Caterpillar, and those won¹t start helping the company until
late this year, at which point they might be able to start hiring workers
back”
Notice the time line for economic improvement. Any improvement over coming months came from BUSH. Any O improvements hits around end of year with Bush involement..
jd, immediate gratification may work in your Disneyland world. But not in economic world over the long run.
http://blogs.suntimes.com.....orker.html
In truth, laid off workers were not rehired. I understand more were laid off. o was wrong. Again !! CEO was right !!
I’m simply gobsmacked at how ANYONE CAN THINK President Obama hasn’t had a hand in the greatest destruction of wealth when even the liberal media is starting to question him. This past weekend alone Dowd,Rich, and Friedman came out with editorials in the New York Times negative to his policies.The Wall Street Journal,Jim Cramer and Rick Santurri (sp) who know the market as well as anyone are livid.Yet does he do anything in his first 60 days except initiate more spending and entitlement programs?
I was wrong in one regard however.It’s not a tap dance bones and Kendale do it’s a kabuki dance with the face paint and mask.They both feign outrage at what is said by the conservatives on this site but have neither the convictions nor the cojones to back an opposing view point.Instead they try to put us on the defense.As I said JD at least had the gumption to stick around and at times admit he wasn’t entirly sure of where he stood on an issue just yet.I hope he decides to stick around longer……LOL or sees the light.
DDMao
I too give some credit to jd. Although many of his coments have contradicting statements (playing both sides),and he hides when disproven. Kendale behaves like the horses behind. bones is just out in outer space.
FDR had sense to postpond social security untill economy got better
I’ll agree the 500 point hike in the market yesterday was the exception, not the rule. As to Obama’s solution of private investors, now we’ll see who has confidence in him and who doesn’t, don’t you think? Private investors can’t be forced to invest, and it will be interesting to see who will be the first to step up. I’m doubting it will be Warren Buffet, even though he’s been touted as one of obama’s economic advisors, he seems to be backing off from him lately. Bernie Madoff might have jumped in, but he’s off the table now. *L* Hedge funds are a pretty big gamble anyway, he may pick up a few of those.
As to the content/fairness on this site:
It is a privately owned site. Anyone with an opposing view is welcome to make their arguments in the comment section. That’s what it’s for, that’s why they allow comments – encourange comments and discussion. Until one or more of you pick up the tab for the space, you should thank Nate for providing an open forum where “a handful” of you can meet and slam each other. If you have good responses from either side, you should be eager to post them. If not, don’t sit and whine that the content is not to your liking, or spend your day castrating other commenters on a personal level. There’s good discussion to be had here. Make your arguments or switch to the Daily KOs or something. Someone blamed the content on the reason there are fewer visitors now – I blame the personal attacks on anyone who posts same or opposing views. This thread alone has been visited 216 times, 28 times today. The name calling and bashing help prevent those visitors from feeling welcome to post. Why should they, if they’ll just be attacked. So it’s not Nate’s content that’s holding the site back these days, it’s the comments that are off topic and personal. You can argue a point with someone without letting it become a personality contest.
Babs
Since you brought it up, you might go to
“Nearly 50 House Dems Preparing to…” article. And clear up some matters
The problem I have with you has nothing to do with poltics as you said
Amen to Babs.
Also to elaborate. The traffic dropped sharply following the election. We had election stuff you couldn’t find anywhere, like full debate schedules and full videos of every single debate from primaries to the general. That is the niche we were filling.
So regardless of what content is on the site right now, the traffic is slower due to the fact that like 90% fewer people care about politics now than during the campaign. Therefore, we’re revamping the site and we’ll be ready for future elections and events on which we can capitalize.
So if you want to argue on fact, do so. Just know that the content won’t be changing anytime soon to fit the pro-Obama stance of every other major media outlet. We’re looking out for America first and foremost, not the corrupt politicians in Washington from Obama on down.
So we’ve got most people here agreeing that Obama has pretty much ruined our economy. At the same time there are people like Bill arguing that if anything good happens in the economy anytime soon, it will be because of George W. Bush, since it takes a long time for these plans to have a positive impact.
Does anyone else see a catch-22? By this logic Obama can ONLY do harm, no matter what he does.
If good things happen under the Obama administration, it’s because of GW’s plans. If bad things happen it’s because Obama’s ruining the economy. Good work guys, you’ve covered all your bases.
Now back to Kabuki dancing on the moon! (Seriously, you guys make the cutest insults)
Thanks, Nate.
Bill, I frankly don’t care what personal “problem” you or anyone else has with me here on this site. There are no matters to clear up. I debate issues, not people. I don’t take personal sides, I take political sides. Take it or leave it. But drop it.
bones, perhaps you should rally your friends over here to give more credance to your arguments.
But just to make the point, the views of the commenters as opposed to the views of the administration in articles and commentaries are two separate things. Don’t confuse the two.
The administration neither endorses nor censors the views of the commenters (except for abuse and profanity).
bones
I back my statement with fact and link. Can get plenty more. No need to generlize and broaden what I said.
Babs__You took it personal. Doubting my trading experience. My opionion, you read it before and knew what I wrote to you. Then you lied and said it was differences in politics later. Now you get huffy., you say “drop it” !! Followed by your next comment.
I can get over through honesty. Your way of dsmissing it now, NO, I don’t get over your way. So. Live with it. When you condemn what you do on others, I will speak out
For the record here is some things that happened in the last month or two:
* Thge CBO panned both the stimulus and President Obamas budget as getting us further in debt.
* Treasury Secretary Geithner says he is going to come out with a plan on 5 March but no plan appears.On the 23 March said plan is revealed.
* President Obama,Sen. Chris Dodd,Treasury Sec. Geithner and the whole of Congress are outraged that AIG is receiving bonuses and are exempt under the law DEMOCRATS WROTE AND PASSED but obviously refused to read first.
* President Obama treatens to start a trade war with Mexico over 95 trucks thus violating the NAFTA agreement.
* Congress takes back (so far the House voted to see HR 1586)AIG bonuses and President Obama ask the private sector to invest in a government who just violated the Constitution and could turn around and do it to them.
*Pretending Washington DC is a state so that the Democrats could get 1 more House member and 2 Senators.
* Having Acorn take over the 2010 census.
* Having 9000 earmarks in the budget bill and http://www.recovery.com NOT MONITORING A ONE as to where they are going.
Well there you go bones ! There are some of the things you can’t lay at President Bush’s feet and we won’t take credit for.President Obama bitches and moans about everyone in Washington is a Simon Crowell wannabe well WE are going to hold Americas IDOL and IDLE to task.
DDMao
Please correct me if I am wrong
1. exception giving bonuses to AIG CEO’s was named after Dodd. Who origially denied knowledge
2. Many who got bonus at AIG stopped working there after bonus, and moved home to Britain
“I don’t make jokes. I just watch the government and report the
facts”.
– Will Rogers
That’s a good quote, Bill!
Bill……You are correct on both counts.
In addition as I gave a link before these same DEMOCRAT Congressman and Senators took campaign contributions from and own stock in AIG.And one more fact Congressman Charles Rangel from New York twisted arms to get AIG to sponser his wing at a New York City College and in return stood aside from legislation aginst AIG.
Chritopher
Thanks
“Suppose you were an idiot. And suppose you were a
member of Congress. But then I repeat myself”.
– Mark Twain
DDMao
Is it not true__
If AIG went bankrupt, there stock is worth “0″
“Sometimes it’s better to be hard of heart than soft in the head.”….Theodore Roosevelt
“A government big enough to give you everything you want,
is strong enough to take everything you have”.
– Thomas Jefferson
“What this country needs are more un-employed politicians”.
– Edward Langley, Artist (1928-1995)
And my final and TODAY appropreate. From my hero
“Government’s view of the economy could be summed up in
a few short phrases:
If it moves, tax it.
If it keeps moving, regulate it.
And if it stops moving, subsidize it”.
– Ronald Reagan (1986)
Should be Conservative motto in reverse. As he meant it
Nate and Babs,
I said before that this was a private site and for that reason Nate has full authority to post what ever he wants and for that matter what ever Babs wants.
I just am pointing out that the only people who seem to get anything posted is the Conservatives on this site. I tried submitting an article and it got no where other than me being told that it is not news worthy and it was more of a commentary.
Well, great. Call it a commentary and let some of us on the other side post some pieces. I thing it is arrogant when Nate says, “We’re looking out for America first and foremost, not the corrupt politicians in Washington…”
It is good to know that Nate knows what is good for americans and that Americans are appearantly idiots and shouldn’t have the news presented to them from all points of views for them to make up their minds.
So, YES, there is a comments section and, Yes, I have no problem contributing my points there but it would be nice if the site that calls itself “youdecidepolitics” would let you decide and allow at least some non-conservatives to post in their commentary section.
Again, I am not hating on this site just making a suggestion and I don’t plan on going anywhere. I have enjoyed commenting here but I would like to get back to a little bit more braod view. I feel like we miss a lot of topics to talk about that are happening currently.
JD, if you’re referring to the article you emailed me, I never said it isn’t “newsworthy”, I said it’s more commentary than news, and it was. You’re still welcome to forward me any news link on any day. A Youtube video with commentary, and an email from the Obama camp isn’t a news article, it’s commentary, and for that reason – and that I’m not available much right now due to my Mom’s accident – I forwarded it to Nate. That’s the end of my involvement. I don’t own the site, Nate does. And just for the record, when I began writing guest commentaries for YouDecide2008 a year ago, it was because I was invited to by the site owners. I don’t know what else to tell you on that score.
But I actually enjoy everyones posts. The articles only begin the discussions, it’s the comment section that dissects them.
Babs,
I am not out to defend my article. However, I have watched youtube posts from rush and all sorts of republican camps being played off as news.
Again, I don’t mind being put in the commentary section but I think people would want to hear what Obama is sending out about his budget. Why wouldn’t we want to hear it from the horses mouth? It sounds like news to me but if it is commentary than great… let it be a commentary.
Again, I am not putting this on you. It is and always has been Nate’s site. I hope you mother is doing better. I appreciate you forwarding it to Nate for his review.
“I thing it is arrogant when Nate says, “We’re looking out for America first and foremost, not the corrupt politicians in Washington…””
Tough.
Socialism is bad for America which, unfortunately, encompasses Obama’s policies.
This is the big kid sandbox, please don’t complain every time a post doesn’t conform to your point of view.
I find it arrogant that you are trying to impose your editorial decisions on a site you don’t own nor did you start and put hundreds of hours into.
Anyway, this is silly and petty. There are millions of other political sites which offer a pro-Obama/pro-socialist stance if you need it. I can’t believe you are whining about this site, it’s pathetic given the circumstances.
Well, what I read in the email was verbatim what he’s said everywhere he’s gone and what Gibbs parrots every day, so on that point I’ll say there’s nothing new there. What’s interesting to me is that his grassroots efforts concerning the pushing of his budget seems to have an equal and opposite reaction from the other side this time – the Tea Party side. This movement is going like gang busters, so it’s going to be tit for tat on the grassroots technique, I think. At least this time. The Tea Party movement isn’t being led by any politician, it’s all from, for, and about the taxpayers. Which do you think will win out?
Nate, at least you admit you want your site to be bias. Again, I enjoy you all’s point of view. If I wanted to listen to my own ideas over and over again, than yes, I will go to another site.
However, I am not looking for that. Thanks, though. This site was much more balanced during the election and I was just making the suggestion. I didn’t realize me wanting to contribute was a slap in your face or imposing editorial decisions.
Again, it is definitely your site and you can do with it as you please.
Any way, here is the commentary I had written.
Title – “Selling the Budget, calling on Grassroots.”
With the controversy over bailouts and the criticism over spending, Obama spoke directly to the people who helped get him elected about passing his new Budget. This came in the form of former campaign manager David Plouffe circulating a video from the president asking his supporters to get Congress to pass his budget.
Direct link to YouTube – http://www.youtube.com/wa.....8QVg2TWLo8
It seems that Obama is still reaching out and taking advantage of the large email database of supporters. There is no doubt that passage of this bill will be hard fought for Obama with bailouts for banks and a stimulas package still fresh on people’s minds. However, with the wide use of technology being employed by this administration (unlike any previous administration) Obama is looking to get the word out to as many “In-Boxes” as possible.
Grassroots seems to be the way this administration is looking to get its message across.
I don’t think there is really a “win out” scenerio. I have to say that I think it is great the way the Republican party is re-organizing.
I have said this before that the real problem with the current republican party was that it needed to get with the times and get a truly conservative candidate. Bush was not a true conservative.
However, we all lose with the current two party system we have.
As for your suggestion that my article was not really news because it was already on the MSM. Than I would tell you to read this article. It quoted Washington Post, USA Today, and Fox news who all said the same thing nate posted.
So if the value of the editorials here is based on one’s ability to come up with something original and that is not on any of the MSM than this entire site fails.
This site was meant to bring together the news sourcespoints of view and let people make up their minds.
At least that is what is stated in the “About” section of this website.
“There is no question that President Obama must return the $104,332 he received from AIG during the 2008 election cycle,” declared Wilson . “And so must the members of Congress who took massive campaign contributions from cocktail-circuit cronies at the very institutions they were supposed to be overseeing. The American people are outraged—and rightly so.”
http://www.getliberty.org.....tentid=161
I don’t think the Tea Party is from the RNC, either. I’m a member of the RNC, and they are not promoting it or helping with it.
On the other, read my post again. You misinterpreted it partly.
I’d like to comment on your commentary, JD. I think that obama and David Plouffe need to listen to Pelosi – they WON, they can stop campaigning now. What they are calling grassroots is no more than the same old Alinsky tactics used by obama in his presidential campaign. Community organizer, he may well be. But that doesn’t mix well with the integrity of the office of President. Tactics like that, in fact, should be – and always have been before – beneath the presidential status. They are treating the presidency as if its a club.
I have to disagree Babs, Reagan was known for getting on television and asking people to contact their local congressmen and women to help push his policies.
I see no harm in using grassroots to get the word out.
As for the TeaParty, I should have been more clear. I am not suggesting that the tea party is organized by republicans but rather it is an outlet and shows that the conservative base is evolving and re-grouping. Again, I use conservative base not republican.
I like people getting involved. I believe that is what is wrong with the average American. They don’t get involved.