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Obama might cut spending:mind games for the ignorant masses?

http://finance.yahoo.com/news/Obama-wants-domestic-spending-apf-1512256734.html?...

So let me get this straight. He has tripled government spending and will increase it exponentially if his health care passes, but then says he wants to cut domestic spending next budget? But will he cut it to pre Obama administration levels? Of course not!

Answer Question
 
Anonymous

Asked by Anonymous at 12:46 PM on Nov. 14, 2009 in Politics & Current Events

Answers (11)
  • This is like a smoker who smokes a pack a day increasing his smoking to four packs a day, then to turn around and say "Starting next week I will only smoke three packs a day" You are still smoking a lot more than you originally were!

    Yeah this hope and change is working great! Let's have some more mind games for the ignorant masses!
    Anonymous

    Answer by Anonymous at 12:46 PM on Nov. 14, 2009

  • This was posted yesterday, It was always the plan to fix the immediate catastrophe that was imploding at the time, MOST economists agreed it NEEDED to happen. After the immediate problem was dealt with, the deficit would be next

    sweet-a-kins

    Answer by sweet-a-kins at 12:49 PM on Nov. 14, 2009

  • According to a new survey of economists, an economic recovery from the United States' worst recession in more than a generation has begun, jump-started by the Obama administration's $787 billion fiscal stimulus package. Economists surveyed by Bloomberg News expect the U.S. economy to expand by two percent or more for four consecutive quarters through June 2010.


    However, the projected expansion in the year ahead won't be enough to prevent U.S. unemployment from hitting 10 percent, the economists said. That would be the first double-digit unemployment rate for the world's largest economy since 1983, which marked the end of another pronounced recession. However, economists and government labor market statisticians caution that unemployment historically is a lag indicator, with job growth typically increasing and unemployment declining months after the recovery starts.

    sweet-a-kins

    Answer by sweet-a-kins at 12:52 PM on Nov. 14, 2009

  • http://www.dailyfinance.com/2009/08/13/economists-now-say-us-recovery-is-underway-due-to-stimulus/
    sweet-a-kins

    Answer by sweet-a-kins at 12:53 PM on Nov. 14, 2009

  • Now, however, if the survey of economists is correct, the fiscal stimulus is working as intended -- providing the initial increase in demand that's critical to jump-starting commercial activity. The Congressional Budget Office said the stimulus plan has pumped about $125 billion into the U.S. economy so far.


    More recently, another "mini" stimulus plan has provided more evidence of the validity of Keynesian economics, which argues that the government can serve as a tool in economic policy. The "cash-for-clunkers" car program, which was denounced by critics as insignificant, a gimmick, and another wasteful government program, is now being credited with jump-starting sales and traffic in the nation's formerly lonely auto showrooms.

    sweet-a-kins

    Answer by sweet-a-kins at 12:54 PM on Nov. 14, 2009

  • I'll say the same thing as I said yesterday, I'll judge when I see the plan. Just because it's obama's idea, doesn't mean it's bad.

    *
    We claim to be concerned about the finances of the country, then we need to actually be concerned. It doesn't mean we need to put a cape and crown on him, declare him King Barry, and never question him again. It makes conservatives sound insane. You're spending too much, stop! Stop! You're a bad president!
    *
    You want to stop spending! It's a trick! You're a bad president!
    But then again, he drinks bud light, so he must be evil. ;-D seriously, I can't stand the guy, but it's ok for him to make a good decision now and again.
    lovinangels

    Answer by lovinangels at 1:13 PM on Nov. 14, 2009

  • It doesn't make any difference what Obama does to those with ODS. Unless he wakes up one morning and has transformed into St Raygun some will never be happy. I have not been pleased with the excessive spending so will reserve judgement until I see where he proposes cuts and if he can get Congress to go along with it.

    Friday

    Answer by Friday at 1:26 PM on Nov. 14, 2009

  • It was always the plan to fix the immediate catastrophe that was imploding at the time, MOST economists agreed it NEEDED to happen. After the immediate problem was dealt with, the deficit would be next

    ***

    WHAT "immediate problem" did Obama actually FIX???? I'm not seeing any measurable gains by all of this free spending!!!

    Seems he quadrupled Bush's deficit, now he's going to "clean it up?" How fabulous!!! Wait, how's he gonna do that???? Oh, that's right RAISE taxes!!!!

    "Mmm, mmm, mmm...Barack Hussein Obama...."
    LoriKeet

    Answer by LoriKeet at 1:33 PM on Nov. 14, 2009

  • OBAMA said if we did NOTHING, unemployment would have MAXED out at 8.5%. After SPENDING nearly a trillion dollars, unemployment is over 10%!!! That darn fuzzy math will get you every time.


    "mmmm, mmmm, mmmm....Barack Hussein Obama....."

    LoriKeet

    Answer by LoriKeet at 1:38 PM on Nov. 14, 2009

  • Anon :46 has a good point with the smoker analogy. ANY cuts, no matter how big, are unlikely to exceed the amount of spending he has done, and will continue to do. I WOULD like to see him make cuts, but you can't spend a billion and save a million and act like it's a real solid improvement.
    mancosmomma

    Answer by mancosmomma at 5:53 PM on Nov. 14, 2009

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