Deficit Talks Fail

[Admiral Yi]

You pretend to forget about Obama's offer and then act surprised when anyone ever brings it up.

I'm not an unbiased observer. I'm a member of the Republican party and have voted GOP in the last three elections.

I have never once forgotten about Obama's offer and never once acted surprised when anyone brings it up.  You have your facts wrong.

People like Faeelin act as if history began on the day Obama made that offer.  People like Raz act as if the three consecutive years of 10% of GDP deficits, one year with absolute Democratic control of all the levers, and two with Democratic majorities in the House and Senate, are GOP talking points.  Everybody conveniently forgets that up until the GOP landslide all the talk was about Stimulus III and "long term deficit reduction." 

It's the purest chutzpah to be responsible for an increase in the national debt by 30% of GDP and blame a supercommittee which was designed to fail and which at best was going to deliver an additional $30 billion a year of deficit reduction of "kicking the can down the road."

[Razgovory]

Is anyone seriously talk about "Short term deficit reduction"?  I mean, your precious Ryan plan was pretty long term.

[Admiral Yi]

Is anyone seriously talk about "Short term deficit reduction"?  I mean, your precious Ryan plan was pretty long term.

Raz: Yi, what exactly does "long term deficit reduction mean?"

Yi: It means we don't even start addressing the deficit until 4 or 5 years from now.

Raz: Oh, thanks.

[Razgovory]

I suppose this is much easier for you if you just talk to yourself.

[Admiral Yi]

ossum

[The Minsky Moment]

It's the purest chutzpah to be responsible for an increase in the national debt by 30% of GDP

Come again?

[Admiral Yi]

Can you narrow it down a little Joan?

[Faeelin]

Can you narrow it down a little Joan?

This doesn't look like Obama was responsible for a bigger deficit than Obama:



http://www.washingtonpost.com/blogs/ezra-klein/post/obamas-and-bushs-effect-on-the-deficit-in-one-graph/2011/07/25/gIQAELOrYI_blog.html

What am I missing?

[The Minsky Moment]

Can you narrow it down a little Joan?

Trying to figure out who is supposed to responsible for the 30% GDP increase in the national debt and how that was determined.

[Neil]

Look at all those disastrous tax cuts.

[fhdz]

Look at all those disastrous tax cuts.

Yep. Ugly as fuck, isn't it?

[jimmy olsen]

People like Faeelin act as if history began on the day Obama made that offer.  People like Raz act as if the three consecutive years of 10% of GDP deficits, one year with absolute Democratic control of all the levers, and two with Democratic majorities in the House and Senate, are GOP talking points.  Everybody conveniently forgets that up until the GOP landslide all the talk was about Stimulus III and "long term deficit reduction." 

It's the purest chutzpah to be responsible for an increase in the national debt by 30% of GDP and blame a supercommittee which was designed to fail and which at best was going to deliver an additional $30 billion a year of deficit reduction of "kicking the can down the road."

Okay this is a bit more reasonable.  However, just because they were responsible for increasing the deficit by 30% doesn't mean that Obama's offer to the Republicans wasn't legitimate. It was and should have been accepted if the GOP congressmen really cared about the deficit. If they weren't afraid of the activists in the Tea Party they would have accepted.

[alfred russel]

What am I missing?

I'm not on board with Yi holding Obama responsible for 30% of the country's debt, but to take a position that might very well be his side, a statistic showing that Bush was an even wilder deficit spender than Obama doesn't support that Obama was very frugal.

I would say the statistics you cited support the reaction of "chutzpah".

[The Minsky Moment]

Just for quick reference: 30% of US GDP is about $4.5 trillion.

[Neil]

Look at all those disastrous tax cuts.

Yep. Ugly as fuck, isn't it?

It's sad the extent to which voodoo economics has ruined your country.