What The GOP Won’t Tell You: Our Debt Is Nearly Stabilized

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babylonsister (142,860 posts)

What The GOP Won’t Tell You: Our Debt Is Nearly Stabilized


 
http://www.nationalmemo.com/what-the-gop-wont-tell-you-our-debt-is-nearly-stabilized/

What The GOP Won’t Tell You: Our Debt Is Nearly Stabilized
February 11th, 2013 6:05 pm Jason Sattler

Even without the sequestration, America’s debt will be completely stabilized at 73 percent of Gross Domestic Product by the end of the decade with just $1.5 trillion more in savings, according to a new study from the Center on Budget and Policy Priorities.

 

snip//


Smarting from the uncomfortable and unfamiliar feeling of compromise after the “fiscal cliff,” they decided that they could never ever ever agree to any tax increases again. They decided to simultaneously accept the sequestration and blame the president for coming up with it.

They’re hoping that the public forgets that they forced the sequestration when they refused to raise the debt limit without cuts. And they voted for the cuts.

The Washington Post’s fact-checker, Glenn Kessler, looked at the Republicans’ attempt to stick the sequestration on the president and found “…Republicans agreed to this plan and thus also are equally responsible for the looming across-the-board cuts, absent a bipartisan agreement to delay or change them.”

In 2011, the GOP refused to pay for the debt they help rack up. In 2013, they’re blaming the president for a bill they voted for, all in the name of a debt problem we can easily control with a small balanced deal of cuts and ending tax breaks.

But clearly the GOP is more concerned about punishing the president than dealing with the reality of of the situation.

http://www.democraticunderground.com/10022354265

They actually believe this shit. 

[98ZJUSMC]

By golly.  He's done it again.

The Washington Post’s fact-checker

 

[DumbAss Tanker]

In 2013, they’re blaming the president for a bill they voted for

Seriously?  Because to anyone rational, which I admit leaves out 98% of the media and 100% of DU, it looks like the President is trying to blame Republicans in the House for a bill the entire Congress passed and he signed.

[NHSparky]

A dead body is stable too, DUmmies.  It's not changing or going anywhere.

[thundley4]

They say it like stabilized debt is a good thing.  If something is stabilized that means it is unchanging or in this case, the debt is not being paid off. 

A stabilized debt would mean that there is a balanced budget and that ain't happening any time soon.

[J P Sousa]

  Even without the sequestration, America’s debt will be completely stabilized at 73 percent of Gross Domestic Product by the end of the decade with just $1.5 trillion more in savings, according to a new study from the Center on Budget and Policy Priorities.    

  In addition, the Center identifies and promotes effective approaches to reducing poverty. Specifically, it designs measures to make key programs for low- and moderate-income populations more accessible to eligible recipients, more effective in helping them meet their basic needs while moving toward self-sufficiency, and simpler for federal and state governments to administer. Moreover, the Center analyzes trends in poverty and income at the national and state levels, including trends in income inequality.   

Looks like they help Bronco-Bama redistribute wealth.

  Robert Greenstein is founder and executive director of the Center on Budget and Policy Priorities 

  Prior to founding the Center, Greenstein was Administrator of the Food and Nutrition Service at the United States Department of Agriculture under President Jimmy Carter.[3] In November of 2011, Greenstein was included on The New Republic's list of Washington's most powerful, least famous people 

Yeah, the liberal view.
.

[Duke Nukum]

http://www.democraticunderground.com/10022354265

They actually believe this shit. 

73% of GDP? That's scary.

[franksolich]

They actually believe this shit. 

Well, it's not as if the babbling sister primitive knows anything about the deficit, or the national debt, or incoming-versus-outgoing, or revenues and expenses.....or about anything at all.

It's as if franksolich were to post something about nuclear physics, or the oblate spheroid something about law enforcement and rescue work.

[SSG Snuggle Bunny]

So we don't need any military budget cuts then; right, DUmbasses?

[Big Don]

What The GOP Won’t Tell You: Our Debt Is Nearly Stabilized
at almost double what it was when the evil Bush left office
Hooray

[GOBUCKS]

It's almost stabilized.

If you draw a graph with years on the X axis and national debt amount on the Y axis, the resulting line will almost be stabilized into a vertical position.

[Delmar]

What The GOP Won’t Tell You: Our Debt Is Nearly Stabilized

Of course the GOP won't tell you that.  Only a DUmmy would be stupid enough to spew that crap.

[Chris_]

How is the debt stable when Obama keeps adding a trillion dollars a year to it?

[ExGeeEye]

A dead body is stable too, DUmmies.  It's not changing or going anywhere.

His Majesty doth seke thy pardon and to claim that time hath wrought great changings to His Royal Person.

[Randy]

How is the debt stable when Obama keeps adding a trillion dollars a year to it?

Because it's a consistant trillion. They know spending will exceed on hand by the trillion so that's stable in their eyes. Any penny of the trillion not spent is a budget surplus to be celebrated and masturbated over. /DUmmienomics

[FiddyBeowulf]

How is the debt stable when Obama keeps adding a trillion dollars a year to it?

DUmmienomics 101. They assume the GDP will grow a certain amount every year and the debt will be a certain % of the GDP every year. That is fine* on paper but reality is a lot different because GDP is not growing at the rate they expect and debt is growing faster than they predicted.




*Not really fine.

[Wineslob]

They say it like stabilized debt is a good thing.  If something is stabilized that means it is unchanging or in this case, the debt is not being paid off. 

A stabilized debt would mean that there is a balanced budget and that ain't happening any time soon.

Most of them run their own finances this way.   

[JohnnyReb]

stabilized debt .....going deeper in debt at a constant rate.

[DumbAss Tanker]

A., it's completely horseshit accounting, and B., it's horseshit accounting that only works as long as the gubmint can continue to borrow money at near-zero interest rates to re-fund it as existing obligations mature, which only an idiot or a Democrat (To the extent there's any difference) thinks could last forever.

Well, at least Obama can now blame the President in the previous term for everything without lying his ass off.

[hillneck]

Hey Babble Sister,  You have a account here.  Come on over and discuss this money, debt, and economy issue with us.  Try to make us understand this utter nonsense you are posting at DUmmieLand Central.   

[Dori]

Sounds like something Pelosi would say;

".......it is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address."

[jukin]

In the last four years under the economic illiteracy of 0bama, we have borrowed almost $7 trillion dollars and added $0.5 trillion dollars to the overall USA's GDP. The deficits are projected to run at $1+ trillion for the next four years and we just had a negative quarter on the GDP. This sound like complete BS to me.