Goldman sachs says the deficit has been cut in half as obama promised. tea party?
non partisan CBO also says that. What did Obama do to help the deficit? - fiscal cliff deal brought in 600 billion - cut the F-22, saving billions - ended the bush recession, we could be in a triple-dip like the eurozone. - compromised with (R)'s to prevent them from DEFAULTING on our debt - that deal reduced the deficit by 1.5 trillion (10 years). - the sequester that (R)'s were so happy about, and yet blamed on Obama, cuts billions in spending. - stimulus added 4 million jobs+, and increased GDP by a collective 7% (ish)
Why are deficits ignored by left-wing people, when all debts must eventually be paid?
Let’s start with this fact. Ronald Reagan started the trend of deficit spending in order to finance endeavors such as extremely inflated military personnel expansion and the Strategic Defense Initiative. Both of these things were meant to make the Soviets pour their last remaining resources into defense spending which contributed to the collapse of the USSR in the early 1990’s and also for the purpose of getting the Soviets to negotiate at summits between Reagan and Gorbachev throughout the later half of the 1980’s. Some would say deficit spending is justified by the end outcome, the US winning the Cold War. Since Reagan though, deficit spending has become the norm through most administrations since then excluding Bill Clinton’s sweet 1990’s economy in which he was able to actually have a federal deficit surplus.Deficits aren't ignored by left-wing people solely. That's an ignorant sweeping generalization that should not be made. Both sides have grown accustomed to the country deficit spending out of control. It happened badly under both President Bush Jr. and President Obama. Even President Trump has said that he loves debt, he is the “king” of debt. So I think the better question is this, “Why are deficits ignored by both the left and right of the political spectrum, when all debts must be paid?”. Deficit spending started under a generally hardcore fiscal conservative named Ronnie and has been mostly carried on by all conservative presidents (Bush I and II, Trump (it is kind of too early to tell in his admin)) and one liberal president (Obama). Bottom line: it's not just left wingers that ignore it, it's our government as a whole that does.
Are liberals aware that Ronald Reagan warned us about the disaster that is Obama's presidency?
I’m assuming you’re referring to a video that takes a Ronald Reagan campaign speech from 1961 and juxtaposes it with cherry picked, out-of-context quotes by President Obama and VP Biden.As others have noted, the Obama presidency wasn’t a disaster. Employing the policies that Reagan warned against, Obama helped guide the USA through the Great Recession and handed Trump a booming economy with a low unemployment rate.Reagan, of course, did many of the things during his own presidency he seemed to warn against in 1961. For good reason, the economy of the 1980s and 2000s is very different from the one that existed back in 1961. I would not want a doctor trying to use ’60s era advice to treat my cancer. I would not want a politician using one non-economist’s ideas about the 1960s economy to handle the economic realities of today.In the speech, Reagan warned against the government spending more than it takes in. As president, Reagan increased the debt by nearly a trillion dollars. The USA went from being the world’s biggest creditor to the world’s biggest debtor.In the speech, Reagan complained the USA raised the debt limit three times and warned against this. President Reagan raised the debt limit 18 times. Obama raised it 4 times, by comparison.So, yeah, Reagan in 1961 warned against things the Obama administration did. But Reagan also warned himself. If Reagan didn’t heed his own ancient advice, why expect Obama to? The likely answer is both Reagan and Obama, when president, knew Reagan’s understanding of how the economy in 1961 worked was simply misinformed.tl;dr: Are conservatives aware Ronald Reagan warned us about the deficit spending disaster that was Ronald Reagan’s presidency?Update: Oh, look. Trump just raised the debt limit too. Boy, why didn’t he listen to Reagan from the 1960s! What a jerk, huh?News from The Associated Press