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raccoon

(31,110 posts)
Sat Apr 6, 2013, 07:01 PM Apr 2013

When did we start hearing about the deficit all the time? Did we hear about it in 2000-2008?


I don't remember that we did. I think all this whining about the deficit is a conspiracy to reduce programs that actually help the 99%.


18 replies = new reply since forum marked as read
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Liberal In Texas

(13,548 posts)
1. Bush Fires Economic Team. Cheney says, 'Deficits Don't Matter.'
Sat Apr 6, 2013, 07:06 PM
Apr 2013

On December 6, 2002, the Bush Administration fired its top two economic advisers: Treasury Secretary Paul O'Neill and White House economic adviser Lawrence Lindsey due to the continuing lagging economy (when Bush took office, unemployment was 4.2%. In Dec of 2002... more than a year after 9/11... the rate jumped from 5.7% to 6.0% in one month). In November of 2002, when O'Neill, a "deficit hawk", tried to warn Vice President Dick Cheney that growing budget deficits... expected to top $500 billion that fiscal year alone... posed a threat to the economy. Cheney cut him off, saying, "You know, Paul, Reagan proved deficits don't matter."

http://crooksandliars.com/mugsy/ten-years-ago-today-bush-fires-economic-team

SharonAnn

(13,772 posts)
13. In Dec. 2000, budget and forecast showed after 2009 "surpluses as far as the eye could see"
Sat Apr 6, 2013, 08:03 PM
Apr 2013

Of course, in 2001 the first think W did was grab all the money that he could and give it to his friends (personal, corporate, and military-industrial). From then on, we were in deficit "as far as the eye could see".

So, of course the GOP stopped talking about the deficit problem since they created it.

kentuck

(111,085 posts)
5. The Republican Party became interested when the Tea Party became interested...
Sat Apr 6, 2013, 07:14 PM
Apr 2013

The Tea Baggers were ready to leave their Party if they did not get what they wanted. Republicans could not survive without them, ergo, we are where we are today. Republicans have been extorted by the Tea Partiers.

Wounded Bear

(58,648 posts)
7. Actually, I think you're wrong there.....
Sat Apr 6, 2013, 07:37 PM
Apr 2013

Tea Partiers got interested when the Republican elites got interested, right after President Obama was elected and looked like he might try to shift deficit spending away from shit they wanted to like wars and tax cuts for wealthy folks to shit like social programs and safety nets for working people and infrastructure.

The tail does not wag the dog.

kentuck

(111,085 posts)
16. I think you are mistaken on this one...
Sat Apr 6, 2013, 11:50 PM
Apr 2013

I think the Republican Party is taking all their positions from the Tea Party within them.

Wounded Bear

(58,648 posts)
17. My point is that the Tea Party is a sham....
Sun Apr 7, 2013, 01:21 AM
Apr 2013

It may have some grass roots, but the big money brokers of the GOP have long been its operators. Do you really think that the GOP PTB give a flying fuck what a bunch of yahoos from outer Georgia think? The "grass roots" folks are taking their marching orders from others high up in the Repub food chain, fed to them by Fox and the other corporate owned media.

City Lights

(25,171 posts)
8. During Junior's reign we heard that "defecits don't matter."
Sat Apr 6, 2013, 07:38 PM
Apr 2013

Unka Dick said so, and that was the end of it.

gulliver

(13,180 posts)
9. That was before the Republican economic crash caused higher deficits.
Sat Apr 6, 2013, 07:46 PM
Apr 2013

Now the high deficits caused by the Republican economic disaster are being used by Republicans to attack Democrats. It is the height of chutzpah. If Republicans hadn't ruined the economy, we wouldn't have high deficits, and we would be able to afford more spending, not less. Unfortunately, the American people aren't using their brains or the Republicans would be a dead political party.

zbdent

(35,392 posts)
10. No deficit ... the surplus was the reason for the Bush tax cuts.
Sat Apr 6, 2013, 07:50 PM
Apr 2013

And then, when the "economy started tanking" (ironically, after it was decided Bush43 was "pResident&quot , the tanking economy was the reason for the Bush tax cuts ... "so help me God" (Bush43, January 2000).

OnlinePoker

(5,719 posts)
12. I remember reading about it during the Reagan administration
Sat Apr 6, 2013, 07:56 PM
Apr 2013

I read Ravi Batra's book "The Great Depression of 1990" when in came out in the '80s and it slammed the deficit spending going on at the time and the resultant debt accumulation. I don't recall a depression in 1990, but I do know it was during the Reagan years that the number of people "no longer participating in the labor market" started an unending climb. If all the people no longer counted were added to the unemployment rolls, I'm pretty sure the unemployment rate would be approaching 20%.

Igel

(35,300 posts)
14. Yes.
Sat Apr 6, 2013, 11:29 PM
Apr 2013

Obama even campaigned on it. Lots of (D) did. Heck, lots of (R) did--it was probably the #1 complaint about * from those right of center.

We squandered the surplus. We had unaffordable wars. We had unsustainable deficits because we reduced taxes for the wealthy.

We had cries that * was responsible for record deficit after record deficit. He was responsible for a third of the debt. Then he was responsible for a half of the debt.

2006: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x1608260 was a fairly common kind of thread every time there was a deficit update or budget discussion. And with every spending bill there was such a discussion.

2005: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=3309755&mesg_id=3314277

2008: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3411978&mesg_id=3412579

It was a constant refrain here and in much of the MSM. You even participated in some of the discussions over the years. I know I did.

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