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TOPIC: The_Economy_and_Jobs
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"At this time in Reagan's first term, he was at 39% approval.."

Was not unemployment at 10.5% also? Or was that at some other point in his Presidency?

Cape Coral FL
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Actually the problem is OBAMASS and his whole crew PERIOD.

Mickey.

Rayne LA
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One would expect the Heritage Foundation to put a dismal spin on things.

The report shows that receipts and outlays equalize somewhere around 2015-16 or so. By 2035, both receipts and outlays are projected to be around 23% of GDP. That is higher than the historical average, but there are things we can do to adjust that.

The total debt increases from the current 69% or so to 84%. That is a problem, but a manageable one...

Fullerton CA
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1. Bush (and now Obama) tax cuts (which haven't created the jobs they promised) 2. Defense spending, specifically on 3 wars 3. Economic downturn

Solve those three and your 90% home. Do some work on health care costs (not shifting them but actually lowering them) and you are in positive territory. And we haven't even talked about people and companies that don't pay taxes.

W Bloomfield MI
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http :// blog .heritage.o rg/2011/06/22/cbo-long-term-budget-report-our-dire-fiscal-situation/

In the very first sentence of the article is the actual CBO report "2011 Long-Term Budget Outlook". You can click it on and the actual CBO report can be read in pdf format.

Minden NV
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It does nothing of the sort.

The report states doing nothing, i.e. letting the Bush tax cuts expire and not extending the doc fix on Medicare reimbursement will bring the budget back into balance by 2016.

Now one may quibble over the percentage of GDP that balance is set at, but it is in balance...

Fullerton CA
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The 22 June 2011 CBO report DOES NOT reflect any claim of a balance under this current administrations policies; it reflects a government out of control and clearly states action to curtail spending AND cuts must be made.

Minden NV
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I agree ROFLMMFAO@THAT ONE

Rayne LA
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The new CBO forecast on the deficit is out and if projects that if the Congress does nothing to solve the "crisis..."

(drum roll)

the deficit will disappear by the end of Obama's second term.

Fullerton CA
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Obama's rating in the tank?

At this time in Reagan's first term, he was at 39% approval...

Fullerton CA
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TOPIC: The Economy and Jobs

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