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(Reuters)   Obama aims to halve deficit by end of first term. Just like Bush's goal, but with an extra "l"   (reuters.com) divider line
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1350 clicks; posted to Politics » on 22 Feb 2009 at 10:35 AM (10 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2009-02-22 08:01:49 AM  
That's kinda hard to do when there's 1 Trillion in Stimulus and 2 more Trillion in bank bailout alone. Next is an Energy Bill and a Global Warming Bill back to back in the pipe. Boxer opened her fat mouth last week on Morning Joe. Who knows how much money is in those two.

Obama is a big fat lying liar. And I also find it amusing that both Pelosi and Clinton are conveniently out of town when the Mortgage bailout fiasco hit. Coincidence?
 
2009-02-22 08:36:14 AM  
Nice one, Subby.
 
2009-02-22 08:37:40 AM  
Outstanding headline!
 
2009-02-22 08:42:30 AM  
the_ancient announces Plans to End World Hunger, Invent Cold Fusion, and Give everyone Ivory Houses.


I have about a much of a chance of do those things, and The One has of doing this
 
2009-02-22 09:01:59 AM  
"On Thursday I'll release a budget that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline," he said.

Like the big government socialist he obviously is, he's planning on inflicting fiscal responsibility on the government and slash government spending. Oh, wait . . .
 
2009-02-22 09:16:57 AM  
Well, good luck with that. If you manage to pull that one off, you'll definitely be one of our greatest Presidents ever.
 
2009-02-22 09:19:11 AM  
MorrisBird: he's planning on inflicting fiscal responsibility on the government and slash government spending.

Planning on cutting spending while blowing the biggest wad in history with one signature. Barn door, horse something or other.
 
2009-02-22 09:24:59 AM  

MorrisBird: "On Thursday I'll release a budget that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline," he said.

Like the big government socialist he obviously is, he's planning on inflicting fiscal responsibility on the government and slash government spending. Oh, wait . . .


I bet you think America is a Democracy too.
 
2009-02-22 09:33:56 AM  

GaryPDX: I bet you think America is a Democracy too.


I'm fairly sure it's a republic. Accordingly, I was reared by a pair of Republicans. Real Republicans, who believed in small, responsible central government. Sadly, they're gone now, both the parents and the real Republicans.
 
2009-02-22 09:37:12 AM  
Definitely doesn't look possible the way it has to start. Kind of like promising someone whose house is on fire that you're going to put out the fire and repaint the whole thing at the same time.

In fact, the only reason to believe it could work at all is that "conservatives" will be certain it will fail, and their record for being right gives us hope.
 
2009-02-22 09:37:20 AM  

MorrisBird: GaryPDX: I bet you think America is a Democracy too.

I'm fairly sure it's a republic. Accordingly, I was reared by a pair of Republicans. Real Republicans, who believed in small, responsible central government. Sadly, they're gone now, both the parents and the real Republicans.


lol..good. It's right in the Pledge of Allegiance. Let me ask you something in regards to this mortgage bailout. Where's the Liberty for 8% of people being made dependent on the government? And where's the Justice for the other 92% who brake their backs to pay their mortgage?

There's neither Liberty, nor Justice for "All" in what's going on. A LOT of people are operating on the assumption America is Democracy and it isn't.
 
2009-02-22 09:48:28 AM  

MorrisBird: GaryPDX: I bet you think America is a Democracy too.

I'm fairly sure it's a republic. Accordingly, I was reared by a pair of Republicans. Real Republicans, who believed in small, responsible central government. Sadly, they're gone now, both the parents and the real Republicans.


Democracy and Republic are not mutually exclusive. We are a Republic AND a Representative Democracy.
 
2009-02-22 09:49:47 AM  

MorrisBird: "On Thursday I'll release a budget that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline," he said.

Like the big government socialist he obviously is, he's planning on inflicting fiscal responsibility on the government and slash government spending. Oh, wait . . .


LMAO! You really believe it! Best laugh I had all weekend. Thanks.
 
2009-02-22 09:52:35 AM  

Lionel Mandrake: Democracy and Republic are not mutually exclusive


Actually they are. There's no such thing as a "populist mandate" in a Republic. We don't have mob rule round here.
 
2009-02-22 09:52:54 AM  
"Deficit" is an instantaneous snapshot of your absv(income - expenses) where expenses exceed income.

If your income one year is One Trillion, and you spend 2 Trillion, your deficit that year is one trillion.

If your income the next year is One Trillion, and you spend 94 Trillion, your deficit that year is 93 trillion.

If your income the next year is One Trillion, and you spend One Trillion, you have no deficit.

The combined aggregation of all yearly deficits is the debt.

So, pretty much, all he has to do is next year, not bail out the banks, and he'll probably halve the deficit.
 
2009-02-22 09:55:20 AM  
I think it is more likely that the deficit will be half of the GDP by the time the bailing out is done.
 
2009-02-22 09:56:10 AM  

GaryPDX: Lionel Mandrake: Democracy and Republic are not mutually exclusive

Actually they are. There's no such thing as a "populist mandate" in a Republic. We don't have mob rule round here.


We have a "council of a few" that vote on the issues for us; this makes us a Republic. We also populist vote on who gets on that council; this makes us a democracy.

Ergo, we are a Democratic Republic.

Also, it's not "mob rule", but I'd argue that anytime there's a major shift in congress, it's a populist mandate.
 
2009-02-22 09:57:51 AM  

GaryPDX: And where's the Justice for the other 92% who brake their backs to pay their mortgage?


Are you talking justice or fairness? They're not synonyms and life isn't fair. I feel for the good mortgage payers whose homes are worth less than they paid for them. Life is not fair. I'm an old broad whose mortgage is paid off, so I'll be just fine. Is that fair? No. It's reality.
It's time for the United States to face reality.
 
2009-02-22 09:57:51 AM  
happiness is NOT a right, the pursuit of it is.... Most people seem to forget that little part..


Your housing problems are not my problem. In 2006 I was laid off, and forced to liquidate most of my assets, I did not seek government assistance, infact I never even cliamed unemployment, I found a new job, and today I am in a better Finical Position. Sadly all my hard work over the last 2 years is about to be negated, my saving account will have little value in the face of rampant inflation.

But Hey as long as those people that borrow 130% of their home values, and/or bought 400K homes when they only make 50K a year can stay in them. I matter Not

But hey as long as single whores can continue to go to clinics and get implanted with 8 kids while they already have 6 kids and no job, so I can support all them in the way of a 70K per year tax credit for being a irresponsible asshat, I matter not.

As long as we continue to reward irresponsible behavior, this will continue. I mean Behavior for BOTH business and personal, If you make bad choice you pay. For business that means going out of business, for People that means losing your stuff and having to start over.
 
2009-02-22 09:58:07 AM  

GaryPDX: Lionel Mandrake: Democracy and Republic are not mutually exclusive

Actually they are. There's no such thing as a "populist mandate" in a Republic. We don't have mob rule round here.


Sorry Gary, but you're wrong.

A republic is a state or country that is not led by an hereditary monarch but in which the people (or at least a part of its people) have an impact on its government.


That's from wiki, but every source will give you essentially the same definition. Obviously Republic and some form of Democracy are not only compatible, but must coexist, even if only rich, white, Christian, land-owning males can vote.

You may be thinking of Direct Democracy or universal suffrage or something...
 
2009-02-22 09:58:15 AM  

xiaodown: Also, it's not "mob rule", but I'd argue that anytime there's a major shift in congress, it's a populist mandate.


Sounds good but your "Mob" is targeting Americans who have a little money and removing Liberty from people who bought houses they couldn't afford. Keep spinning, Comrade.
 
2009-02-22 10:00:54 AM  

Lionel Mandrake: You may be thinking of Direct Democracy or universal suffrage or something...


Dude, a LOT of people in America believe there's some kind of mandate to target other Americans. For many they think this is farking Venezuela. The only explanation for that is people believe America is a flat out Democracy. We hear it all the time on the MSM.

This is a very basic and dangerous confusion the Founders were very specific about.
 
2009-02-22 10:02:20 AM  

GaryPDX: We hear it all the time on the MSM.


We do? Who does? You and the mouse in your pocket?
 
2009-02-22 10:04:00 AM  

GaryPDX: Lionel Mandrake: You may be thinking of Direct Democracy or universal suffrage or something...

Dude, a LOT of people in America believe there's some kind of mandate to target other Americans. For many they think this is farking Venezuela. The only explanation for that is people believe America is a flat out Democracy. We hear it all the time on the MSM.

This is a very basic and dangerous confusion the Founders were very specific about.


Dude, my only point is that it is possible to be a Republic and a Democracy. WTF are you bringing Venezuela and the "MSM" into this for?

I'll take your pathetic attempt at diversion as acknowledgment that you know you are flat out wrong.
 
2009-02-22 10:07:03 AM  
MorrisBird: Life is not fair. I'm an old broad whose mortgage is paid off, so I'll be just fine. Is that fair? No. It's reality.
It's time for the United States to face reality.


You're going to have to turn in your hippy liberal card if you keep talking like that.
 
2009-02-22 10:07:12 AM  

MorrisBird: GaryPDX: I bet you think America is a Democracy too.

I'm fairly sure it's a republic. Accordingly, I was reared by a pair of Republicans. Real Republicans, who believed in small, responsible central government. Sadly, they're gone now, both the parents and the real Republicans.


Democracy and Republic are not mutually exclusive. Stop being so dumb, both of you.
 
ZAZ [TotalFark]
2009-02-22 10:09:52 AM  
I admit I laughed at the headline, but his goal is to have an average Bush-level deficit with higher spending and higher taxes on the "rich." Traditional Democratic policy.
 
2009-02-22 10:12:18 AM  

Lando Lincoln: Stop being so dumb, both of you.


When did I say that our republic was not a representative democracy? Oh, yeah, I didn't. That's because I know it is. I also think Obama is on the right track. Reading comprehension is an important skill.
 
2009-02-22 10:14:45 AM  
Lionel Mandrake:

You may be thinking of Direct Democracy or universal suffrage or something...



"Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. The jaws of power are always open to devour, and her arm is always stretched out, if possible, to destroy the freedom of thinking, speaking, and writing. Liberty cannot be preserved without a general knowledge among the People, who have... a right, an indisputable, unalienable, indefeasible, divine right to that most dreaded and envied kind of knowledge, I mean the characters and conduct of their rulers. There is danger from all men. The only maxim of a free 'government' ought to be to trust no man living with power to endanger the public liberty. Liberty cannot be preserved without general knowledge among people."
John Adams
 
2009-02-22 10:16:11 AM  

The_Ancient: John Adams


Sit down, John.
 
2009-02-22 10:17:29 AM  

Lionel Mandrake: GaryPDX: Lionel Mandrake: You may be thinking of Direct Democracy or universal suffrage or something...

Dude, a LOT of people in America believe there's some kind of mandate to target other Americans. For many they think this is farking Venezuela. The only explanation for that is people believe America is a flat out Democracy. We hear it all the time on the MSM.

This is a very basic and dangerous confusion the Founders were very specific about.

Dude, my only point is that it is possible to be a Republic and a Democracy. WTF are you bringing Venezuela and the "MSM" into this for?

I'll take your pathetic attempt at diversion as acknowledgment that you know you are flat out wrong.


I'm trying to explain why many people are confused. People believe they have some kind of mandate and to hell with the rest of Americans who don't agree. I'm not naming a particular party because all Americans can see it now with this Mortgage bailout. Even when a party is elected, or an individual, they still must follow the rules of the Republic, Liberty and Justice for All. Listen for the buzzwords. Many people are wrong about what is happening, they think it's right becuase they think "they won". And now other Americans are being targeted.

Obama says."we need the private investors to come back"..yea..we do..he's right on that one. The problem is those same people are "EVIL RICH PEOPLE" who are now targets. They're not coming back until that changes. These clowns have painted themselves into a corner with America. Might as well start marching out the jack boots.
 
2009-02-22 10:19:24 AM  

MorrisBird: The_Ancient: John Adams

Sit down, John.


How about Mr. Jefferson

Our country is too large to have all its affairs directed by a single government. Public servants at such a distance, and from under the eye of their constituents, must, from the circumstance of distance, be unable to administer and overlook all the details necessary for the good government of the citizens; and the same circumstance, by rendering detection impossible to their constituents, will invite public agents to corruption, plunder and waste."
-Thomas Jefferson, to Gideon Granger, 1800
 
2009-02-22 10:19:39 AM  

GaryPDX: Might as well start marching out the jack boots.


Man the torpedoes! Full tin foil, paranoid asshattery ahead!
 
2009-02-22 10:20:08 AM  
This one's for subby and their HOTY candidate:

homepage.ntlworld.comView Full Size


Well done, plus one.
 
2009-02-22 10:23:49 AM  

GaryPDX: Lionel Mandrake: GaryPDX: Lionel Mandrake: You may be thinking of Direct Democracy or universal suffrage or something...

Dude, a LOT of people in America believe there's some kind of mandate to target other Americans. For many they think this is farking Venezuela. The only explanation for that is people believe America is a flat out Democracy. We hear it all the time on the MSM.

This is a very basic and dangerous confusion the Founders were very specific about.

Dude, my only point is that it is possible to be a Republic and a Democracy. WTF are you bringing Venezuela and the "MSM" into this for?

I'll take your pathetic attempt at diversion as acknowledgment that you know you are flat out wrong.

I'm trying to explain why many people are confused. People believe they have some kind of mandate and to hell with the rest of Americans who don't agree. I'm not naming a particular party because all Americans can see it now with this Mortgage bailout. Even when a party is elected, or an individual, they still must follow the rules of the Republic, Liberty and Justice for All. Listen for the buzzwords. Many people are wrong about what is happening, they think it's right becuase they think "they won". And now other Americans are being targeted.

Obama says."we need the private investors to come back"..yea..we do..he's right on that one. The problem is those same people are "EVIL RICH PEOPLE" who are now targets. They're not coming back until that changes. These clowns have painted themselves into a corner with America. Might as well start marching out the jack boots.


I agree (except for the "jackboots" paranoia). None of that proves that we aren't a democracy, however.
 
2009-02-22 10:23:52 AM  

MorrisBird: GaryPDX: Might as well start marching out the jack boots.

Man the torpedoes! Full tin foil, paranoid asshattery ahead!


It's a seriously real problem, dear. I've been following the local opinion columns too. People really do believe this is a straight out Democracy. That's why everything is crashing and people can't quite put a finger on it. There is the perception of two sets of rules in the mix.
 
2009-02-22 10:24:30 AM  

Lionel Mandrake: I agree (except for the "jackboots" paranoia). None of that proves that we aren't a democracy, however.


We're a Representative Republic..lol..NOT a Democracy.
 
2009-02-22 10:24:54 AM  

The_Ancient: Lionel Mandrake:

You may be thinking of Direct Democracy or universal suffrage or something...

"Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. The jaws of power are always open to devour, and her arm is always stretched out, if possible, to destroy the freedom of thinking, speaking, and writing. Liberty cannot be preserved without a general knowledge among the People, who have... a right, an indisputable, unalienable, indefeasible, divine right to that most dreaded and envied kind of knowledge, I mean the characters and conduct of their rulers. There is danger from all men. The only maxim of a free 'government' ought to be to trust no man living with power to endanger the public liberty. Liberty cannot be preserved without general knowledge among people."
John Adams


Interesting quote. Was there a point you were trying to make?
 
2009-02-22 10:31:57 AM  

GaryPDX: Lionel Mandrake: I agree (except for the "jackboots" paranoia). None of that proves that we aren't a democracy, however.

We're a Representative Republic..lol..NOT a Democracy.

Democracy is a form of government in which power is held directly or indirectly by citizens under a free electoral system.

(wiki)

Or indirectly...as in through representatives elected by the people.

You need a reintroduction to the word "democracy," Gary.

Again, you can be a democracy and a republic, in fact the two pretty much go hand in hand.

/lol
 
2009-02-22 10:32:00 AM  

MorrisBird: Lando Lincoln: Stop being so dumb, both of you.

When did I say that our republic was not a representative democracy? Oh, yeah, I didn't. That's because I know it is. I also think Obama is on the right track. Reading comprehension is an important skill.


How can you justify removing the Liberty of 8% of mortgage holders making them wards of the State? How can you justify the lack of Justice for the other 92%?

C'mon..I know for a fact you're smarter than that.
 
2009-02-22 10:32:37 AM  
affordablehousinginstitute.orgView Full Size


/Hot like a repressed tomale
 
2009-02-22 10:34:00 AM  

Lionel Mandrake: You need a reintroduction to the word "democracy," Gary.

Again, you can be a democracy and a republic, in fact the two pretty much go hand in hand.

/lol


I don't see Liberty and Justice for All. I see handouts to Liberals an targeting everyone else to pay for it. The Mob is only taking care of the people who voted for them. I'm sorry..this doesn't look like a Republic right now.
 
2009-02-22 10:35:58 AM  

GaryPDX: How can you justify the lack of Justice for the other 92%?


Read my earlier remark. Justice and fairness are not synonyms. I'm not going to justify this. I'm going to recognize that sometimes life isn't fair. Bitter pills must be swallowed when a country is ill. Our country needs chemotherapy right about now.
 
2009-02-22 10:41:03 AM  

GaryPDX: MorrisBird: "On Thursday I'll release a budget that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline," he said.

Like the big government socialist he obviously is, he's planning on inflicting fiscal responsibility on the government and slash government spending. Oh, wait . . .

I bet you think America is a Democracy too.


Since I've seen this from you like five times now, I thought I might politely point out that a constitutional republic is a subdivision of 'Democratic government', which most people shorten to 'democracy' because that's a lot of syllables.
 
2009-02-22 10:41:25 AM  

GaryPDX: Lionel Mandrake: You need a reintroduction to the word "democracy," Gary.

Again, you can be a democracy and a republic, in fact the two pretty much go hand in hand.

/lol

I don't see Liberty and Justice for All. I see handouts to Liberals an targeting everyone else to pay for it. The Mob is only taking care of the people who voted for them. I'm sorry..this doesn't look like a Republic right now.


"Liberty and justice for all" is a stupid phrase in a stupid pledge, NOT a Constitutional right.

And only liberals are targeted by the Stim plan? You are farking delusional, dude. Go spend some quiet time in your bunker and think about things for a while.

Yet again...your post has nothing to do with Republic vs. Democracy, so I'll again conclude you want to drop the debate because you know you are wrong, and aren't man enough to admit it.
 
2009-02-22 10:41:28 AM  

MorrisBird: Bitter pills must be swallowed when a country is ill.


Sure, but that's not supposed to happen to smart, hard working folks who trusted the Republicans and did their best to fight the evil Libs all their lives. We need to shuffle the cards and deal them again, this is just so unfair !!
 
2009-02-22 10:41:50 AM  

Lando Lincoln: Well, good luck with that. If you manage to pull that one off, you'll definitely be one of our greatest Presidents ever.


He pulls that off and I will vote for him next time. Not against the other guy but FOR him. Good Luck President Obama.
 
2009-02-22 10:42:32 AM  

Jim_Callahan: Since I've seen this from you like five times now, I thought I might politely point out that a constitutional republic is a subdivision of 'Democratic government', which most people shorten to 'democracy' because that's a lot of syllables.


And all I'm doing is explaining how people are seriously confused. It's not We, The Party, it's We, The People. The Rule of Law in a Republic.
 
2009-02-22 10:43:18 AM  

GaryPDX: How can you justify removing the Liberty of 8% of mortgage holders making them wards of the State? How can you justify the lack of Justice for the other 92%?


What, so every time my government does something I don't like, we're automatically no longer a Democracy? Grow up.
 
2009-02-22 10:44:37 AM  

Lionel Mandrake: And only liberals are targeted by the Stim plan


I'm talking about the mortgage bailout. Oh..and I won't be drinking Lattes on the DisneyLand/Las Vegas express. That Stimulus is 30 years of old dusty Liberal pork Bills. PUH LEEEZE
 
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