Obama admits he is not for a balanced budget

In an interview on ABC news Tue, Obama admitted he is NOT for a balanced budget like the republicans are.

He wants to continue doing research on things like why lesbians are fat, and producing robot squirrels.

 

These Keynesian Democrats don't believe debt is a problem at all. Then, why not give every American adult a $250,000 federal stimulus payment?

Why did the banks get stimulus, while ignoring that the taxpayers could certainly use the money to spur the economy?

 

Finally!!! He tells the fricking truth. But, its not we did not already know that.

 

http://m.washingtontimes.com/news/2013/mar/13/president-obama-my-goal-isnt-balance-budget/

 

It's about creating sustainable growth, not balancing the budget.

 

Just a other lie for the worst president in our history .

[video]http://m.youtube.com/watch?v=SaQUU2ZL6D8[/video]

http://m.youtube.com/watch?v=SaQUU2ZL6D8

 

Huh. So, anyone want to tell me how this:

Is the same as this:

...So apparently he paid attention to what the IMF, Bernanke, Krugman, and numerous others had to say on the subject of self-defeating austerity, and he's actually willing to get his priorities straight! It doesn't bother anyone here that, with unemployment above 7.5%, the republicans are acting like our biggest problem is not "We have too many people out of work" but "we're spending too much money"? Because in my opinion, that's kind of a (*)(*)(*)(*)ed-up set of priorities.

Hey Logical1, please explain to me what "You didn't build that" meant.

 

This hardly qualifies as news now that we're 4 years into the most fiscally irresponsible administration in history. It's time to cut Barry's cards...

 

He hasn't done either, but, he is a loser and a failure at every thing all the time. Thats our little Barry.

 

It's about funding his party's entitlement-based vote-buying racket.

 

Where is it? He's had over four years of insane spending? Where are the jobs????

 

Color me shocked, huh?

 

stagnant

It was NOT unsourced (ABC "news" Tue) nor a lie, since he stated he was not looking for a balanced budget.

Do you find it shocking that while every thinking American already knew this fact, you were shocked and pissed that Obama actually came out and told the truth for a change?? But---------then hell I quess that Obama telling the truth for a change is rather shocking to us all!!!!!

 

No, he didn't say that he didn't care about a balanced budget, he said he was prioritizing it below improving the economy and that he did not consider it an end goal in and of itself. Look at his quote again. And there is nothing wrong with that - in fact, anyone who would prioritize a balanced budget above getting more people back to work is a damnable fool. And you know what? "I saw X on TV" is not a (*)(*)(*)(*)ing source. I can't read your mind, and most of the time when you post such sources, you leave yourself considerable liberties with what is actually said.

 

I am almost at the point where I am hoping that Obama gets his wishes and our entire country goes into depression and anarchy.

I love America, but the America of Obama hates me and seems to be doing everything it can to push me into homelessness and at age 60 into hopelessness.

I am Obama's nuevo pobres, in keeping with his newly preferred crimalien and second world supporters.

I am at my wits end, and everything Obama does is counter to what I can do to get my feet back on level ground....

 

He never worked a day in his life in the real world. So we can't expect him to know why budgets and deficits are an important part of government or business for that matter.

 

Republican don't believe debt is a problem when they're in power. They borrow and spend.

They want you to know that you can have whatever you want from government and you don't have to pay for it.

That's why their message always implies that cuts are going to hurt someone else, and why Republicans polticians always fall down or get left stammering whenever they're asked to get specific.

It's also why Paul Ryan had to rebrand his scheme to destroy Medicare and turn it into a subsidy by exorcising the word "voucher". The product is the same, but people saw through the word "voucher".

Oh, and Ryan's budget doesn't balance for a decade, which is a considerable improvement on his last set of questionalble numbers, (which didn't balance until 2040). He did it by counting the estimated costs savings of Medicare cuts he actually opposed, and by counting cost saving of Obamacare, while calling for killing the initiative.

He also put in stuff abotu Keystone XL, and tort reform, neither of which have anything todo with the budget.

 

Still, we don't need another 30+ years of Reaganomics... to see that it didn't lead to the positives many 'religiously' claimed that it would.

 

Reaganomics gave us the most aggressive uplifting economy the world has ever seen, and that despite his having to work with a disinterested, unruly and a pain in the arse democrap congress that was at best a thorn in Ronnie's side.

 

We don't need anymore of it. We should be seeing that, by now.

 

Um... No? Reaganomics was a failure. It brought us out of a recession that was entirely ended by the fed loosening up on interest rates, and almost all of the real gains went to corporate profits, while poverty actually increased and median family income barely went up.

 

This is not true.

Reaganomics was a failure. The notion that you could tax cut your way to prosperity and a balanced buget was thoroughly debunked by 1985.

Yet it continued to be poltical recieved wisdom.

Unemployment in1984 was higher than it was in 1980, and GDP growth had hardly moved. Interest rates had come down somewhat from their 1980 highs, but they were still well into double digits.

It wasn't until Saudi Arabia announced that it was going to stop cutting production to hold up the OPEC benchmark price of oil that things began to change. When they did that, the price of oil collapsed and the world economy rebounded.

Unfortunately, provisions in Reaganonmic (his 1981 tax bill), created an atmopshere that was ripe for speculation, and a boom in commercial real estate development. This, coupled with mismanaged savings and loan deregulation and the government's unwillingness to do anything about it , set the stage for collapse.

By the end of the decade, most American cities were ringed with empty office buildings all generating big tax losses for passive investors.

This, coupled with the credit crunch caused by Reagan's outsized deficits, set the stage for the recession of the early 1990's.

I supported Reagan in 1980, and 1984.

All we got for that was some great sound bytes and a national debt that was three times what it was when he took office.

But when George W Bush decided to bring back borrow and spend in 2000, there was no way I was going to fall for that again.

 

What do you mean it brought 'US' out of a recession. You're a foreigner, so what would you know? No, Reagan's policies along with having the gift to make people feel patriotic and exceptional again for both our country and for personal well being gave us the great economy of the eighties. Profits for corporations is what fueled our economy. Poor people are going to remain poor no matter who is in office, but they have a better chance of becoming successful under the leadership of a Conservative president who knows how to create jobs and allow the private enterprises to fuel the economy without having a socialized government regulate and tax them to death. If you want see how well the poor and or the minorities are doing in a 'STAGNANT' economy--then you need not look any further than the horrible statistics amassed under the so-called leadership of Obamunism. This turkey is going to go down as our nation's worst president, and destroying our economy will be the #1 factor in giving him that much deserved title. Jimmy Carter must be so happy that his legacy of being the worst president will now be vanished, thanks in total to obama.

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What do you mean it brought 'US' out of a recession. You're a foreigner, so what would you know? No, Reagan's policies along with having the gift to make people feel patriotic and exceptional again for both our country and for personal well being gave us the great economy of the eighties. Profits for corporations is what fueled our economy. Poor people are going to remain poor no matter who is in office, but they have a better chance of becoming successful under the leadership of a Conservative president who knows how to create jobs and allow the private enterprises to fuel the economy without having a socialized government regulate and tax them to death. If you want see how well the poor and or the minorities are doing in a 'STAGNANT' economy--then you need not look any further than the horrible statistics amassed under the so-called leadership of Obamunism. This turkey is going to go down as our nation's worst president, and destroying our economy will be the #1 factor in giving him that much deserved title. Jimmy Carter must be so happy that his legacy of being the worst president will now be vanished, thanks in total to obama.

 

When BH Obama takes money from job creators and uses it to hire federal employees who produce nothing but regulations that cost the producers even more money so how in the hell do you and the progressive horde expect the producers to create more jobs???

 

All I need to understand is how Obama took million/billions from me to save the very institutions who were breaking me and my family and then he did NOTHING to at least give us credit for our payments... nor did anything to help us get out from under these corrupt banks thumbs? They are in fact our American money laundering cartels, and apparently Obama is one of their stooges?

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All I need to understand is how Obama took million/billions from me to save the very institutions who were breaking me and my family and then he did NOTHING to at least give us credit for our payments... nor did anything to help us get out from under these corrupt banks thumbs? They are in fact our American money laundering cartels, and apparently Obama is one of their stooges?