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Obama Gets Aggressive on Cutting the DeficitPosted on Feb 20, 2009
Despite the fact that he’s looking at a trillion-plus deficit for 2009 as he settles into his second month as president, Barack Obama has plans to cut the annual deficit by half by the time his first term ends.
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By mjt01, February 23, 2009 at 3:51 pm Link to this comment
I heard something all to similar from Bush43, but he managed to double the total deficit, from around five and a half billion to around 11 billion in the years 2001-2009. Bush44 is following the same trail in far too many ways. I wonder what the total deficit will be by the time Bush44 is through with us.
Report thisBy enjerth, February 22, 2009 at 8:37 am Link to this comment
(Unregistered commenter)
This report is such a joke. He’s not talking about reducing the overall deficit, but reducing the annual budget deficit.
Even then, there have only been 3 years that the US budget deficit was MORE than the proposed $533 billion he wants to reduce it to.
How can you be talking about some of the biggest budget deficits in history and frame it in the sense of cutting it? Ridiculous.
Report thisBy whyzowl1, February 21, 2009 at 9:12 pm Link to this comment
It looks like there are some signal notes of authentic progressivism, fiscal sanity, and even—gasp!—honest accounting in President Obama’s proposed budget(s) that stretch, more or less, from here to eternity. That certainly represents a hopeful change from business as usual.
To the barricades, mon amis! Let us defend his proposals (though they could never possibly have fulfilled all our wishes) against all comers, and fight to see them enacted, to the fullest extent possible, intact. Better half a loaf than none.
Yes, one can’t help but sense that his plans are intended for a world that no longer exists except in our perfervid imaginations, that events will inevitably intervene and force him to amend them, and that most of us are SURE we really SHOULD be doing something else. So work for both, for the tentative first steps that are feasible in the here-and-now, and for the realization of your most heartfelt dreams. I’ll let you be in my dream, if I can be in yours.
Report thisBy coloradokarl, February 21, 2009 at 8:40 pm Link to this comment
Obama would be smart to go after the cost of the Bush/Cheney wars first and then the costs of DHS and the rest of the “War on Terror”. The fact that we have not been asked to sacrifice while our children are sent to die is an act of COWARDICE.
Report thisLets get a fair and even tax structure. and get the wealthy to pay 1/3 of their income like my peers and I faithfully do year in and year out.
By Dave, February 21, 2009 at 7:48 pm Link to this comment
(Unregistered commenter)
Cut the deficit? He just doubled it. You are kidding right. And He is talking like he is President in 2012 already this guy is really out of touch with reality.
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