Skip to comments.Dems defend Obama on debt, say balancing budget now a bad idea
Posted on 09/02/2012 7:10:33 PM PDT by tobyhill
After a week of withering attacks on President Obama's fiscal record, top Democrats on Sunday defended the president's plans for shaving down the deficit -- but said balancing the budget now would actually be a bad idea.
Senior campaign adviser David Axelrod, speaking on "Fox News Sunday," repeated claims that Obama's plan would cut the deficit by $4 trillion over the next decade, bringing the budget shortfall down to a point that would "stabilize" the debt.
"And then, with growth, we'll be in a position to begin reducing it further," he said.
But, when pressed, Axelrod would not say when the president's plan could bring the budget into balance. With the deficit clocking in at more than $1 trillion once again this year, he suggested that's not the goal in the near-term.
(Excerpt) Read more at foxnews.com ...
Does it make sense to increase the deficit, oh, say, fifty percent per year for the next four years?
Having a balanced budget (or a budget at all...) is RACIST.
Not balancing the budget is a terrible crime when Congress does it under a Republican president.
It’s like someone who has lost their source of income going out an maxing out their credit cards, applying for new ones, then maxing those out as well.
If you find yourself in a hole, stop digging......
we’ve gone from $10 trillion to $16 trillion in 3.5 yrs... that’s $1.7 trillion ABOVE our tax revenues EVERY YEAR
which means we’re spending $3.7 trillion / yr right now.
we MUST cut our spending to below our revenues... and that spending must include the debt on interest.. which is 5% or $800 billion/yr
which means... if our budget exceeds $1.2 trillion... then we might as well have had democrats
a slow death is as bad as a quick death... in the end, you’re still dead
“The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure.” Barack Hussein Obama 2006
These people are just downright toxic. Can’t wait till we just get rid of them all. What a bunch of losers.
"I will not raise one tax on those making less than $250,000" (and then passes cigarette tax, tax on tanning salons, tax on medical device companies, and of course the big Obamacare mandate tax).
"I will have no lobbyists in the WH" then swarms of them are all over the place from Day One.
"Bill Ayers is just a guy in my neighborhood". In reality Ayers hired Obama to be on the Annenberg project and he worked with him also on another board dispensing millions of dollars to liberal causes throughout Chicago.
Many, many more lies too but these are front & center.
Romnie needs to make that into a commercial.
Tis the season for buying votes.
$400 billion deficit under Republican = Criminal
$1.5 Trillion deficit under Democrat = Peachy keen
in a sane world that headline would be satire
Like the RATS even know what a budget is.....they didn’t have one for, what, 5 years?
Isnt wonderful how these politicians make plans that will come to fruition long after they have left office.
The politicians who do this hope that you will not realize that federal budgets are for one year.
The politicians who do this hope that you will not realize that a decade long plan will have to survive 5 congresses unchanged in order to have any chance of achieving its goal. Thats like hoping that this years University of Pittsburg football team will survive unchanged for the next decade.
The politicians who do this hope that you will not realize that each and every new congress is not under any obligation what so ever to respect any fiscal plan implemented by the previous congress and is unlikely to even though the majority of the members of the previous congress return for each and every succeeding congress.
The politicians who do this hope that you will not realize that any decade will see at least two different presidents who can discard or modify any fiscal plan implemented by a previous president. Most of the time a new president will unless they were part of the previous administration.
A decade long fiscal plan makes no sense at all for a country were the government by design ends every two years. The only hope for a sound economy in the United States is to attack the size of government with a meat axe and lop off major hunks of the government. Lets start with the Department of Education and the Department of Energy that have proven counter productive in almost all respects.
There is no idea that is so absurd that the Dems and the MSM won’t try to sell it to save this president. Long live Big Brother.
That should help our credit rating. /sarc
Axelrod.....if and when the economy grows, you and your ilk will be looking to increase spending upon the gains made.....do you think anyone will believe you can resist?
The Jackasses spent $1.6 TRILLION since APRIL. where did that go.
Right before a re-election campaign for Mr. Spendthrift, what else are they going to say?
Gee, I never thought that our first black x .5 POTUS would turn out to be a racist.
Is it his white side or his black side I wonder?
To pay off his supporters.
Anticipate cemeteries nationwide to receive a major face lift.