President says private, public sectors must create jobs

“into a projected $1.2trillion dollar deficit for FYE 2009.
THAT he created.
On his own with out one Republican.“—mrright

Here’s one more that’s not accurate. This ongoing deficit was greatly helped along by at least one republican…namely the gipper. Reagan had absoluteley no problem allowing the government to borrow and spend it’s way out of all manner of evil (or evil empire) as the case may be. Right now, today, my labor is taxed to pay the interest on the original debt that financed the “it’s dawn in America”  illusion. While the republicans are attempting to surf a wave of anti government spending populism back into power here’s more food for thought:

“Reagan proved that deficits don’t matter”

Who said that? Dick Cheney. He’s not the only republican that believed it either. This was a frequent position taken by Robert Novak on the old crossfire show also.

No one spends like republicans do when they are on power. This is why no real conservative can really defend or support them.

Blackbird,

Thanks again for your engaging posts, they are all excellent. I especially admired your statement:

“These are American Problems, that must be addressed by a united Congress. No time to rest Mr. Right.“

Because to my thinking we have very very serious problems and the true patriots of this country need to come together to ensure our future as nation.

Speaking of the “global” economy, job creation (here’s a word to the wise the Republican party is not about job creation) and King Fasil, I woke up today to learn that the newly emboldened republicans are going to put Carly Fiorina up for the senate next year. Carly of “There is no job that is any Americans god given right” fame.

Oh, and one last question

How would you pay for the stimulus?

The typical response would be, “I wouldn’t have done it in the first place”. Which is not really what you asked me, and is not what I am asking you. If you want to rely on the answer
“I wouldn’t have done it…blah , blah…“ then you really didn’t read my email that explain WHY it had to be done, and I really don’t want to go back into that. But I am interested in how YOU would pay off the stimulus.
Since my answer was not very good (“I am not sure?“), maybe you have a better one.

Yeah, I knew that is what you would say.
Now I have to ask you a question, that has never been answered…or answered honestly. How do you plan to pay for it, because this is not just a Democratic invention designed to spend tax payer money. There are real issues here. You seem to think you can “rest your case” because one person, like me, doesn’t understand all the various ins and outs of “how”...I only understand that we have some problems to address, and that WE SHOULD ADDRESS THEM…not “rest” on our laurels.

Do you , and Republicans in general, really want to make sure all Americans have health care? Now that is a loaded question, because I haven’t asked you HOW you are going to do it. I am simply asking do you really WANT Health Care for ALL Americans. I am not asking you details. I am asking a general question, because if you do say YES to this question. I am going to ask you how YOU would pay for it.
Now the typical response would be something like you don’t believe in Gov’t Health care or some socialist comment, which really is not what I am asking.

My second question is about Cap and Trade. What is YOUR solution to the fact that as it stands right now, we have about 7 years of Proven Oil reserves in this country, that does NOT include what we import. That only includes our current reserves minus what we are currently producing daily.

Proved Oil Reserves: 21.3 billion barrels

Daily Numbers:
Total Oil Production: 8.51 million barrels
Total Crude Production: 4.95 million barrels
Consumption: 19.48 million barrels

I took the 21.3 Billion and divided by our 8.5 Million Production that equals 2506 Days of Production. Divide that by 365 and that equals 6.9 years.
This is from a current report on the CNBC website.
http://www.cnbc.com/id/33550165?slide=5

So my question is what do we do in 7 years. Now the typical answer is drill, drill, drill, but do you really think that will solve the issue? It will kick the can down the road, which is good, because in 7 years we will be IMPORT ALL of our Oil.  19.48 MILLION BARRELS OF OIL A DAY. Current rate is about $80 a barrel right?
19,480,000 x 80 = 15,584,400,000
That is 15.6 BILLION DOLLARS A DAY!
15.6 x 365 = 56,940,000,000,000
or close to 57 Trillion $$ a YEAR….that will EXIT OUR ECONOMY in 7 years.  This is a back of the napkin calculation, I am sure there are better answers out there, but doesn’t this seem like a PROBLEM???  This makes you numbers look like little dwarfs. It makes your answer “I rest make case” seem un American.

We can’t afford to “rest our case”.
We can’t afford the luxury of blaming Democrats for “inventing problems” and waiting for the bum to be voted out , so you can “reclaim” the country.
These are American Problems, that must be addressed by a united Congress. No time to rest Mr. Right.
Please explain your plans and how it won’t cost a dime.  Take your time to answer, we’ve got all the time in the world.  Don’t we? 

hmm..
wait we just sent 8 million $ overseas since you started reading this message…..to bad…we could have used some of that to spur our economy.
Oh well, it’s a global economy…it will come back someday….when King Fasil decides to buy the Yankees baseball team.

“Could one Obama supporter tell me where we’re gonna get the money to pay for all this.
I have NEVER had an answer given to that question on these threads”

I am not sure how it will paid for, but I still think it had to be done. and according to one of the posts here, Alot of it still hasn’t been spent, so I don’t know how you pay for what hasn’t been spent.
In general the idea of a stimulus is a to provide stimulus from spending, usually that does create a deficit. That is really the nature of the thing from what I understand. I don’t know how many stimulus plans are done under circumstances where the gov’t DOESN’t go into debt. I mean if the economy was in great shape, the gov’t would probably not have to go into debt ,and probably wouldn’t NEED A STIMULUS. but I think the very nature of the problem requires “deficit spending”, because NO ONE ELSE IS SPENDING! NO ONE ELSE CAN RAISE MONEY. You have said that many times in your posts. It is a LAST RESORT.
But we are past that now…so now the stimulus has provided a psychological boost, credit markets are thawing, profits are being made…the follow through MUST come from the Private Sector. If you want a Tax break now..you may only ADD to the deficit?

At least this is PART of the BUDGET right? I mean he is telling us what is going on. 
I really wish we would have had this kind of debate before we went into IRAQ and Afghanistan. I mean who is going to pay for that? We never talked about that. It was always Iraqi Oil revenue. And then Bush CUTS TAXES?? Almost every war needs an increase in tax revenue to pay for it. I never understood that one either. So maybe mistunderstanding budget deficits is a Political Party disease, you never understand it when the other party does it.  The War was never in the budget, it was always emergency supplementals.
I am reading the Three Trillion Dollar War by J. Stiglitz and it really goes into detail how much the war is costing us, and alot of it has yet to come because of returning Veterans and their related health problems will be with us for 50 years.  I mean he goes into great detail even measuring the cost of Oil increases because of the War. Very good study. Very sad outcomes.  I am much more concerned about current and future spending on the wars then I am for a stimulus plan that actually will provide “some” tangible benefits, and really has done it’s job already to create a thaw.