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Discussion Starter #1
So if the Federal Defect was at 1.3 Trillion on January 20th 2009 … and the Federal Defect went down 8% the first half of 2010, 20 months after the worse economic crash since the Great Depression … why isn’t that a positive thing?

Hummm ... isn't a downward trend a good thing for dept?

http://www.reuters.com/article/idUSTRE63C09I20100413

The U.S. federal budget deficit in the first half of fiscal 2010 is down 8 percent from the same period a year ago, the Washington Post reported on Monday.

Citing senior Obama administration officials, the Washington Post said in an article posted on its website the smaller deficit was due to higher tax revenue and lower than projected spending to bail out the financial system.

The newspaper said if the trend continued for the rest of the year it would mean the annual deficit would be $1.3 trillion -- about $300 billion less than the administration's projection two months ago for 2010.

The Treasury earlier released a statement that showed a cumulative $181 billion of money disbursed to stabilize the financial system had been repaid through March, and noted that estimates for the program's final cost were falling.
"While the positive news is welcome, it is premature and irresponsible to be making deficit projections for the fiscal year as a whole," said Kenneth Baer, spokesman for the White House Office of Management and Budget.

"The Administration will issue revised deficit numbers as part of the Mid-Session Review this summer," Baer said.
No official statement on the deficit is scheduled until the release of a late-summer review. The Post said the officials spoke on condition of anonymity because the findings are preliminary and the results for the full year might not turn out so well.

The White House has forecast a $1.6 trillion budget deficit this year, or about 10.6 percent of gross domestic product, the highest level since World War Two.

Republicans are expected to use the ballooning budget deficits as a rallying cry in mid-term elections in November as they try to unseat Democrats by blaming them for running up record deficits.

In February President Barack Obama named a bipartisan panel to tackle exploding budget deficits and promised it broad leeway to recommend ways to put the country on a path to fiscal responsibility.

He asked the commission to come up with a strategy to balance the budget, excluding interest payments, by 2015.
The Washington Post story said the officials "expressed cautious optimism" about the figures but noted that the outlook remains uncertain.

The story said a senior administration official acknowledged that the lower deficit number would not substantially ease the budget problems facing the government.
"But the favorable trend could allow Democrats to say they have turned the corner, and the number is one they would want to highlight for voters souring on Obama because of the government's red ink," the newspaper said.


Let me guess … it’s all lies. :laughing:

Ok ... ready ... set ... go … :cheers:
 

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Republicans are expected to use the ballooning budget deficits as a rallying cry in mid-term elections in November as they try to unseat Democrats by blaming them for running up record deficits.
All I ever see from congressional (R)'s is a Bush smirk as they babble ... and *Take the Country Back* hoopala from the Tea Party because God will save us ...


:huh:
 

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Discussion Starter #3
All I ever see from congressional (R)'s is a Bush smirk as they babble ... and *Take the Country Back* hoopala from the Tea Party because God will save us ...


:huh:
The odds are in the (R) favor … only the intelligent will seek out the truth. ;)

So if they keep telling their base what they want to hear, they have nothing to lose. :laughing:

That's their PLAN. :cheers:
 

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The odds are in the (R) favor … only the intelligent will seek out the truth. ;)

So if they keep telling their base what they want to hear, they have nothing to lose. :laughing:

That's their PLAN. :cheers:
Well, and on a side note, according to Beck, he now has a 30,000,000 American people *footprint* that represents the future of America's *new (R) * leaders ... and that that's 10% of America's population ...

Pan to a Beck ralley and all you see are old white people (on Social Security & Medicare) ...

So you ask ?


I'd be curious as to many of these of will be around when that time comes ...


:devil:
 

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Discussion Starter #5
Well, and on a side note, according to Beck, he now has a 30,000,000 American people *footprint* that represents the future of America's *new (R) * leaders ... and that that's 10% of America's population ...

Pan to a Beck ralley and all you see are old white people (on Social Security & Medicare) ...

So you ask ?


I'd be curious as to many of these of will be around when that time comes ...


:devil:



Dinosaurs are now Fossil Fuel for my Corvette :laughing:
 

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Dinosaurs are now Fossil Fuel for my Corvette :laughing:


It's the circle of life :laughing:

Soylent Green is people.......
 

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Dang, another liberal circle jerk thread. :laughing: Yes, down is good. However, down from what? If you made $100k last year and your taxes were $99k, and this year they were only $95k, your taxes would be down. Would you say that whole situation was a good one? Same thing here. Almost every number is better than 2008-2009 since those were the worst since the great depression in almost every category. Improvement in 2010 is pretty much automatic, but the numbers are still horrendous.
 

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Discussion Starter #8
Dang, another liberal circle jerk thread. :laughing: Yes, down is good. However, down from what? If you made $100k last year and your taxes were $99k, and this year they were only $95k, your taxes would be down. Would you say that whole situation was a good one? Same thing here. Almost every number is better than 2008-2009 since those were the worst since the great depression in almost every category. Improvement in 2010 is pretty much automatic, but the numbers are still horrendous.
:thumbsup: Got it … so it’s ALL A LIE … the Federal Defect didn’t decline 8% … !



Its real simple math … 1.3 Trillion belonged to someone on January 20th 2009; it went up from there and went down earlier this year.

So you did the 1.3 Trillion belong to? ;)
 

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Hmmm. I was counting on a little reading comprehension here. I didn't say the deficit wasn't down. I said it was down from such an astronomically high number that the new number is still stratospheric. Down is good (I think I said that), but there is a long way to go, and pesky little programs like Healthcare Reform are not going to move the numbers in the right direction.
 

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Discussion Starter #10
Hmmm. I was counting on a little reading comprehension here. I didn't say the deficit wasn't down. I said it was down from such an astronomically high number that the new number is still stratospheric. Down is good (I think I said that), but there is a long way to go, and pesky little programs like Healthcare Reform are not going to move the numbers in the right direction.
Ok … I agree … so exactly what should the Deficit be at after 20 months?

Number please ... ;)
 
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