"Bill McKee" wrote in message
m...

"nom=de=plume" wrote in message
...
"Bill McKee" wrote in message
m...

"nom=de=plume" wrote in message
...
"Bill McKee" wrote in message
m...

"nom=de=plume" wrote in message
...
"D.Duck" wrote in message
...
nom=de=plume wrote:
"D.Duck" wrote in message
...
"Obama knew the problems coming in." Yet, his actions didn't take
effect until he was well into the position, and the results when
they did have been a slowing of the job loss, a stablization of
the economy, and he's on track to save billions if not trillions.
But, of course the Republicans have a plan... the status quo. To
hell with getting the spending under control in a meaningful way,
reform the financial system, reform the healthcare system, reform
the school system. Just say no!

My crystal ball sure doesn't show the savings of "billions if not
trillions". Are you looking through rose colored glasses?




I'm using the same source as everyone else... the CBO. If you have
a different source, I'd be happy to look at it, as long as it's not
Rush/Beck/Palin/Cheney or Faux News.



I just can't see ridding this country of its "fiscal cancer" anytime
soon. I hope I'm wrong. I know what the CBO says, too many
variables and unforseen circustances. For that matter it could go
either way.


I agree with this, and I hope we're both wrong. Of course, the CBO
can't know everything.

--
Nom=de=Plume


Where are the billions in savings? When do they kick in? Look at the
estimated deficits even after Obama if he makes it 2 terms.
http://www.cbo.gov/

"CBO and JCT estimate that enacting both pieces of legislation-H.R.
3590 and the reconciliation proposal- would produce a net reduction in
federal deficits of $138 billion over the 2010-2019 period as result of
changes in direct spending and revenue (see the top panel of Table 1
and subtitle A of title II on Table 5)."

and

"CBO has not extrapolated estimates further into the future because the
uncertainties surrounding them are magnified even more. However, in
view of the projected net savings during the decade following the
10-year budget window, CBO anticipates that the reconciliation proposal
would probably continue to reduce budget deficits relative to those
under current law in subsequent decades, assuming that all of its
provisions would continue to be fully implemented."


--
Nom=de=Plume


$138 billion in deficits? BFD! We are looking at Trillions of
deficits. A Trillion is a thousand billion. 138 is negligible.

You don't know what you're talking about... that's $138B in deficit
_reduction_. The second decade will see $1.3T.

Yes, you're an idiot.

--
Nom=de=Plume


The 2nd decade will definately see a reduction in deficits. Not because
of anything positive that Obama is doing now. You realize that the 2nd
decade will be 2 or 6 years after Obama? We will have such high debt in
the 2nd decade that will will not be able to borrow, so we are going to be
like Greece and have to tighten our belts. Big time cinching of the belt.

Oh no!! The sky is falling! Get your umbrella ready!

--
Nom=de=Plume