Comments on: Obama Warns: Deficit Will Increase Significantly http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/ Because Common Sense Transcends Distance Mon, 22 Mar 2010 06:35:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: AMERICAN CONSERVATISM IN 2008 AND BEYOND - Page 366 http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/comment-page-1/#comment-90908 AMERICAN CONSERVATISM IN 2008 AND BEYOND - Page 366 Sat, 18 Apr 2009 15:59:09 +0000 http://www.poligazette.com/?p=9902#comment-90908 [...] [...] [...] [...]

]]> By: Dymersion » Blog Archive » Lower Taxes+More Spending? Sounds Familiar… http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/comment-page-1/#comment-82446 Dymersion » Blog Archive » Lower Taxes+More Spending? Sounds Familiar… Sat, 17 Jan 2009 08:58:01 +0000 http://www.poligazette.com/?p=9902#comment-82446 [...] more of the same, in terms of taxes and spending, anyway.  As Michael noted the other day, Obama has warned of an increase in the deficit for years to come.  He is also apparently planning to push for round [...] [...] more of the same, in terms of taxes and spending, anyway.  As Michael noted the other day, Obama has warned of an increase in the deficit for years to come.  He is also apparently planning to push for round [...]

]]> By: alg0rhythm http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/comment-page-1/#comment-81840 alg0rhythm Thu, 08 Jan 2009 00:40:07 +0000 http://www.poligazette.com/?p=9902#comment-81840 It's absurd to keep spending in deficits. The US is the richest nation the world has ever seen, and Uncle Sam takes at least 25% of it, and they can't stay in budget? We are 3000 miles from the nearest power... do you think we could spend a little less on "defense"? Like maybe only 3 times as much as the next highest spender? It’s absurd to keep spending in deficits. The US is the richest nation the world has ever seen, and Uncle Sam takes at least 25% of it, and they can’t stay in budget?

We are 3000 miles from the nearest power… do you think we could spend a little less on “defense”? Like maybe only 3 times as much as the next highest spender?

]]> By: marc http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/comment-page-1/#comment-81832 marc Wed, 07 Jan 2009 21:55:13 +0000 http://www.poligazette.com/?p=9902#comment-81832 Re "Pumping more money in the system in order to once again create a bubble and artificial growth", I think you are absolutely right. It's essential that people understand that much of the growth we think we've experienced in the last decade and a half is just that - artificial. Only by accepting our true position can we consolidate it and move ahead. Grandiose spending plans are the wrong approach. Re “Pumping more money in the system in order to once again create a bubble and artificial growth”, I think you are absolutely right. It’s essential that people understand that much of the growth we think we’ve experienced in the last decade and a half is just that – artificial. Only by accepting our true position can we consolidate it and move ahead. Grandiose spending plans are the wrong approach.

]]> By: Tully http://www.poligazette.com/2009/01/07/obama-warns-deficit-will-increase-significantly/comment-page-1/#comment-81823 Tully Wed, 07 Jan 2009 21:24:58 +0000 http://www.poligazette.com/?p=9902#comment-81823 The major structural problem is the looming massive growth of entitlement program spending, namely SS and Medicare/Medicaid. Outside of defense, discretionary spending has been fairly moderate by historical standards (as measured by the proper metric of %GDP). If Obama wants to change the conditions that created the current recession (which is not as bad as made out) the place to start is in Congress and the budget. Calling profligate government deficit spending "investments" is for the most part hilarious. Some of it will no doubt be needed and worthwhile, but odds are good that most of it will simply be flushed to keep the balance sheets of the favored in shape. The major structural problem is the looming massive growth of entitlement program spending, namely SS and Medicare/Medicaid. Outside of defense, discretionary spending has been fairly moderate by historical standards (as measured by the proper metric of %GDP).

If Obama wants to change the conditions that created the current recession (which is not as bad as made out) the place to start is in Congress and the budget. Calling profligate government deficit spending “investments” is for the most part hilarious. Some of it will no doubt be needed and worthwhile, but odds are good that most of it will simply be flushed to keep the balance sheets of the favored in shape.

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