More From The CBO

[Conan71]

Poorly informed?

I find myself guilty.

Anything I think is just regurging from some talking head I saw on the news this morning.

I don't know anyone who's particularly informed.

Every time I see someone "on the street" they are just retelling the talking points we've been hammered with.

When I ask someone's opinion, they tell me what I've heard on the news already.

When I ask them why, they can't explain themselves without using someone from either side of the argument.

In the word of a skinny lawyer I've met, "Bah".

I wish said skinny lawyer still had time to post here.  Went off and got himself a respectible job 

[Gaspar]

Oh please. Don't act as if only people who voted for Obama are poorly informed. Your disdain for anybody who doesn't agree with you has really come out in your recent posts.

For every Snookie, there is a Bubba on the other side.

That was a bit harsh wasn't it?  

It's not disdain, it's challenge.  I want to understand why some people have the opinions that they do.  I used the Snookie/Obama connection as an example only.   Frank and Dodd were the subject of the discussion.  Rwarn mentioned that before the election, no one knew who was responsible, and I disagree, we know exactly who was responsible, it's just that a majority of the country is more interested with the trivial.

I know a lot of very intelligent people who voted for President Obama.  Most admit that they voted for him as an alternative to Bush rather than an improvement.  There was no metric available to demonstrate that he could be an improvement, and now he is demonstrating exactly that.

Fiddling as Rome burns.

[we vs us]

I know a lot of very intelligent people who voted for President Obama.  Most admit that they voted for him as an alternative to Bush rather than an improvement.  There was no metric available to demonstrate that he could be an improvement, and now he is demonstrating exactly that.

Fiddling as Rome burns.

That would be that disdain he's talking about ^^^^^^

[RecycleMichael]

I apologize for the harshness.

I just read post after post by you and they all seem to me to be overly partisan these days. What ever happened the funny gaspar?

Those who know me from this forum know I didn't support Obama until the general election. But now I just get overwhelmed by the number of people on this forum, on my facebook page and in the TulsaWorld who attack his every move (or bow).

I just think that it gets old.

On a side note, the deficit stuff you and others have written about Obama was correct. He has led us down a terrible path of deficit. Reagan did the same and his numbers were terrible at this same time of his presidency. Luckily for him and the country, his efforts did work and by the end of his eight years, the economy had rebounded enough to make the debt issue palatable.

[Gaspar]

That would be that disdain he's talking about ^^^^^^

Ohhhh, that.  Yeah. 

[Gaspar]

I apologize for the harshness.

On a side note, the deficit stuff you and others have written about Obama was correct. He has led us down a terrible path of deficit. Reagan did the same and his numbers were terrible at this same time of his presidency. Luckily for him and the country, his efforts did work and by the end of his eight years, the economy had rebounded enough to make the debt issue palatable.

That's a good point.  This may serve to be a great example of which political philosophy is more effective in producing positive economic "change."  President Regan's efforts were diabolically different than President Obama's approach. 

Regan's path was conservative and Obama's liberal.  The inherited problems they were faced with were quite similar.  It will be very interesting to see how things turn out.  Perhaps President Obama's direction will prove to be more effective.

I'll be very interested to see what he decides to do about the economy.

[JeffM]

That would be that disdain he's talking about ^^^^^^

I see Gas has become FOTD's conservative replacement.

[Gaspar]

. . . and more to think about from the CBO. 

Congressional Budget Office has reported that the president's 2011 budget proposal would nearly triple the publicly held portion of the federal debt over the next ten years.

"Under the President's budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020," says the CBO report on Obama's fiscal 2011 budget. "As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020."

The President should just dissolve the CBO, because they don't help him any.

[sgrizzle]

According to CNN, $940B healthcare bill will cut deficit by $130B

[Gaspar]

According to CNN, $940B healthcare bill will cut deficit by $130B

According to my credit card company, every time I use my card it saves me money!

[Conan71]

. . . and more to think about from the CBO. 

Congressional Budget Office has reported that the president's 2011 budget proposal would nearly triple the publicly held portion of the federal debt over the next ten years.

"Under the President's budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020," says the CBO report on Obama's fiscal 2011 budget. "As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020."

The President should just dissolve the CBO, because they don't help him any.

I never thought I'd say this, but I sure do miss Bill Clinton...

[rwarn17588]

According to CNN, $940B healthcare bill will cut deficit by $130B

That, and all of the comments from the GOP in recent days that reek of desperation, tell me the bill's gonna pass.

[rwarn17588]

According to CNN, $940B healthcare bill will cut deficit by $130B

Another report also says the bill, according to CBO, will cut the deficit by $1.2 trillion the second 10 years.

Also:

"CBO finds that the bill reduces annual growth in Medicare expenditures by 1.4 percentage points per year, extending Medicare's solvency by at least 9 years."

[we vs us]

So Rwarn, are you saying that this bill will reduce the deficit a little in the next ten years and a lot in the next twenty?

Is that what you're saying?

That it will reduce, not increase, the deficit?

[Red Arrow]

"CBO finds that the bill reduces annual growth in Medicare expenditures by 1.4 percentage points per year, extending Medicare's solvency by at least 9 years."

And I could cut my commuting costs by not going to work on Friday. Unfortunately my Medicare Benefits pay check would suffer.