John Deering by John Deering

John Deering

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  1. sw10mm

    sw10mm said, almost 2 years ago

    His excuse for not seeing the debt and not doing anything about it? He has had 4 years, after all. When does he start working on the debt?

  2. Bruce4671

    Bruce4671 said, almost 2 years ago

    http://washingtonexaminer.com/two-lines-that-sum-up-obamas-presidency/article/2519264#.UP6q5GfbPAO

    ” On February 23, 2009, just days after passing his $800 billion economic stimulus law, Obama hosted a “fiscal responsibility summit” at the White House in which he pledged, “to cut the deficit we inherited by half by the end of my first term in office.” He said, “this will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay, and that means taken responsibility right now, in this administration, for getting our spending under control.”

    During his first term, Obama did little to restrain spending or make any sort of “tough choices” on deficits. His health care law did raise taxes and cut Medicare, but to finance a new entitlement slated to cost $1.7 trillion over the next decade. In 2010, Obama appointed a deficit reduction commission that was touted as a step toward dealing with the long-term debt problem, but in reality was merely a way of deflecting questions about deficits. For instance, at a July 2010 press availability, Obama declared, “We have put forward a fiscal commission that is then going to examine how do we deal with these broader structural deficits. So this isn’t just an empty promise. We’ve already started taking steps to deal with it, and we’re going to be very aggressive in how we deal with it.” Yet when the commission delivered its recommendations at the end of the year, Obama took the “aggressive” step of ignoring them.

    The end result is that when Obama first took the oath of office, the nation’s total outstanding debt was $10.6 trillion. When he was sworn in Monday, it stood at $16.4 trillion – and the Congressional Budget Office sees additional deficits ranging from $6.9 trillion to $9.2 trillion over the next decade, depending on the baseline used.

    So Monday he days:

    “We must make the hard choices to reduce the cost of health care and the size of our deficit.”

    And then says:

    “But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future.”

    So, within a breath of calling for hard choices, he rejected the need for them.

  3. dtroutma

    dtroutma GoComics PRO Member said, almost 2 years ago

    Fiscal “responsibility” means you get more revenue in the bank, BEFORE you spend. The fact that “Reaganomics” LOWERED income/revenue, and “W” did it with a vengeance, and Boehner/Contor/McConnell want to continue keeping income below outflow (already obligated) is where the problem truly lies. Yes, we need to cut spending, but let’s start at “defense”, which even the generals at the Pentagon can provide HUGE cuts without damage, and stop starting with social programs, or programs that really build jobs here at home!

  4. Rad-ish

    Rad-ish GoComics PRO Member said, almost 2 years ago

    The Bush tax cuts were the single largest loss of revenue in our history.

  5. Bruce4671

    Bruce4671 said, almost 2 years ago

    @Rad-ish

    So, are you ready to join the “rich” and return to those rates and start paying your “fair share” again? And even if it happens like that what makes you think that will eliminate the deficit? And make no mistake about it, until we stop spending more than revenue collected there is no fix to the problem.

    Look closely at Obama’s plan. Not a spending cut in sight. B ut there are plenty of plans to increase spending. The CBO says that Obama’s plan adds 3.9 to 9.6 trillion dollars over the next 10 years.

  6. sw10mm

    sw10mm said, almost 2 years ago

    @dtroutma

    It’s still the spending and the taxing and the aca….you have to admit he has no fiscal responsibility with trillion plus deficits every year. Deficit spending is living beyond your means. Increasing taxes only helps for maybe a few days. There isn’t enough money to feed his spending habit.

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