Under the Obama first term Obama/Congress the deficit went up "double" what Bush did during Obamas four year term (that's "half" the time!!).
Should the solution to the deficit problem be found by examining what this administrations first term did? We now have the same President, pretty much the same Senators, and somewhat the same Congress. Obama's first two years had a democrat controlled House. Meaning the current House is only "part" of the problem. It was during this new or current Congress that they called for this Sequestration deal which Obama signed. Legislation that resulted because the deficit has run away. The problem to the deficit lies in "what" was done during those first 4 years.
I'm not convinced that Social Security spending changed it or that Defense spending changed it. It's also a fact (Panetta echos it too) that the defense spending has already been cut half a trillion. No other programs have been cut according to input I got from another member. Ref. post 20 from
We had Obama run during his first term complaining incessantly about Bush but when it comes to spending the Bush administration was more responsible. It's also interesting to note that Obama is calling for the Bush tax cuts to be extended as if it's a good thing. So much for criticizing his predecessor.
ummm. try again with better spelling in the title. (and believe me, I have hosed up posting before)
You have three simple events which have all come to meet at roughly the same time.
First, for forty years...the government has continued to grow at a fairly healthy scale. In 1950....we had around 1.44 million government employees. As of 2009, we had 2.1 million. Figure the salary structure, the benefits, and the pension for each one. Not only do they have some job to perform, but in most cases...they have to spend a fair amount of money in the performance of their job. We’ve kinda maxed out here.
Second, since the 1980s...we’ve been exporting jobs and business outside of the US. We actually got around to downsizing the dollar (part of Bush’s efforts) in order to drum up business for America. The cost of manufacture in America is ridiculous...but we play out this cheap-dollar routine to survive. We’ve maxed out on this strategy.
Third and final...when the housing market collapsed in 2008...everyone got this idea that we were going to stabilize and recover. Basically...empty houses remain, and the banks are sitting there on a ton of houses or worried home-owners who really can’t afford the current mortgage they are stuck with. Recovery in the heartland of America has yet to occur.
All that the President does...is simply stir the pot with words. There’s nothing with recovery here. It’s like coming up on a car accident....it’s best to look at it from a distance and just keep driving. Stopping won’t do much good.
In exchange, Boehner & McConnell will agree to support amnesty, a carbon tax, and allowing Obamacare to go forward with minor tweaks. I hope I'm wronger than Dick Morris on this but it could happen.