For a guy whose added more to the national debt than almost every past president
in the history of the country combined, whats another 1.2 trillion?
More bad news for opponents of the ACA and the efforts to destroy the legacy of
BO. The right wing, faux constitionalists will have to create some more bogey
man because it appears one of the greatest pieces of social legislation is on
solid financial footing.
@CBWhat conservatives don't understand is the act was created to be
deficit neutral to the budget and everything up to this point and projected to
be, indicates it has been. I totally understand if a conservative is opposed to
the law on philospical grounds (the role of goverment) but there is no basis in
fact to it adding to the deficit, or creating death panels, or collapsing
Medicare, or numerous other right wing fabrications. Additionally,
concering the deficit it continues to shrink from over 1.2 billion from
Bush's last budget to under a projected 500 million this year. BO is
going to go down as the greatest President since Clinton, who was the greatest
since Kennedy. His success is irritating but one in which conservatives will
have to grapple with for years to come.
Huh. And "Conservatives" keep saying that Obamacare will be much MORE
expensive than initially projected.It's not possible is it? .
. . That "Conservatives" really don't know what they're
talking about?It must be terrible to have one's cherished
prejudices and opinions crushed by relentless reality . . . again and again.
And yet, they persevere.I guess that's a sort of courage,
@FT, The deficit isn't projected to be under 500 million this
year. Want to try that again?And the projected deficit
this year will be higher than every single year for bush except for his last.
Want to know the average deficits under the two presidents?Or would
you rather we look solely at this year for barack and the last year for bush as
"Overall, however, the health care law reduces the deficit because of tax
hikes"That's like me bragging about donating to my neighbor
things I just stole from another neighbor.
@CBRead the article. The 2014 deficit is projected to be 492 billion. It
was 1.2 trillion in 2009."The new estimates of the health care law are
contributing to a slightly improved overall deficit picture. CBO said in a
separate report on Monday that federal budget deficits over the coming 10 years
will be $286 billion less than estimated in February. This year's deficit
would dip to $492 billion from the $514 billion figure cited two months
ago."And yes, the health law help reduce the deficit because of tax
hikes.Do you know that tax revenues as a percent of GDP or the lowest
since the 1950's? BO has been much more fiscally responsible when it
comes to deficits since any GOP president since Nixon.
Lovin the Barry groupies that think everything he does is fantastic. Sorry guys,
the community organizer and his administration are pathetic.
FT,Read your comment. You do realize there is a difference between
500 million and 500 billion right?Again, like I said: Want to try
that one again?
And I used to think it was only barack that didn't understand the
difference between a million, a billion, and a trillion. Good grief, no wonder
we're in the financial position we are as a country.
Projections are often low.If school students are held accountable
for math scores,-our political leaders should be also.A deficit of
$700,000 for every second of a year is unacceptable.
Doesn't matter much. The dollar is starting to lose world reserve status.
When that happens nations will no longer have to keep their large dollar
reserves and will start dumping it. The economy will collapse either this year,
next at the latest. And we have folks like Harry Reid back in Washington making
deals and selling land to Chinese corporations. You think China is going to
accept repayment with worthless paper? The Chinese probably think the US govt.
is inept because it backed down from a few protestors in Nevada.
Sure, but forcing democracy on Afghanistan and Iraq was worthy of trillions of
dollars? Letting Wall Street gamble cost us trillions more in GDP
and tax revenues. Get your Christian priorities straightened up.
Healing the sick is more worthy of sacrifice than revenge wars and gambling
Yes, it will reduce the deficit and bring down health care costs.
@ CBIt's a typo but the direction of the post is correct. The annual
deficit is falling and has continued to fall since the GOP train wreck led by
Bush. That's a fact.It's also a fact that Obamacare has not
added to the deficit.This independent (yes I have voted for many
Republicans) may have made a typo but many conservatives have a problem with
facts. Once again read the article, study the deficit, tax revenues as a % of
GDP and you'll see that the last 5 years has not been as terrible as the
right wing media has portrayed. Conservatives need to be a part of the solution
instead of continuing to be a part of the problem.
JiminSLC... your right, we should have showed the Chinese just home much we are
just like them, and mowed down those protesters in their steps.... that would
have gotten their respect... right?What in the heck people! We have
been hearing this "ceiling is gonna fall any year now" thing for 6
years. Don't you remember Brother Beck and his dramatic rendition of just
how high Gold will go, and how low the dollar will be - 5 years ago. All we
had to do was go out and buy gold..... and all our future financial worries
would end. Every year, we hear the same tired end of life as you know it
predictions.The market will correct again in the future. And after
that, it will take another run to new highs, and the cycle will play over and
over again. And some snake oil sales man will make millions through scary
prediction..... as will hundreds be elected.The political party out
of power needs to scare people into voting for them. But the truth is, the
dollar is still worth about the same, you still have your guns, and can still
@FT - Don't feel too bad. Obama confuses his millions, billions, and
trillions sometimes too. I mean, when you're spending other people's
money, who cares right? You're not alone, don't worry.
Hey Chris and Crhistopher B - The difference between a million and a billion is
a "b" and an "m."Typos happen. And you know what FT
meant.Isn't that just like right Wingers? . . . Raising typos
to levels of high significance while totally dismissing the substance of an
argument.That kind of superficiality is symptomatic of
FTThat one really backfired on you didn't it? I love you you
went on the offensive telling me to read the article when clearly I had done so.
It was you who needed to read your own comment. But instead you tried to call
me out, only to realize after the fact you should have slowed down a little and
read your own comment.But like I said, you're not alone in not
understanding differences between trillions, billions, and millions. Keep your
chin up guy.
Other independent analysis project the cost of Obamacare much higher, not lower.
Some of the cost of Obamacare won't be really measured at all. For example,
didn't we recently learn from Nancy Pelosi and other Demos, "Obamacare
means people can quit their jobs".
Thid Barker -"Other independent analyses?" . . . Courtesy
of some Koch-brothers-funded phony think tank?They are a phony, as
are most of the "facts" Right Wingers use to support their arguments.