Good news about deficit

http://www.msnbc.msn.com/id/36452286/ns/politics-washington_post



Federal deficit slashed by 8 percent, say officials
Full year figures could show funding gap has started to fall
Video

updated 2:57 a.m. PT, Tues., April 13, 2010
The federal deficit is running significantly lower than it did last year, with the budget gap for the first half of fiscal 2010 down 8 percent over the same period a year ago, senior Obama administration officials said Monday.

The officials attributed the results to higher tax revenue and to lower spending than projected on bailing out the financial system. If the trend continues 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.


Wow...great....

thats like hearing you don't have cancer in your entire body...8% of it is clean....goody, goody, goody........you fool
 
The recession started in dec 2007 and was created by a lack of oversite and good regulation. There is no doubt in any sane persons mind which party fought for deregulations for decades and then sat back and watched their IDEAS crash the world economy instead of taking the nessesary actions to avert or minimise the damage. WHEN will you face the fact that it is the Republican economic tenents thwat caused this mess?

yes, and the Dems controlled BOTH houses of Congress at that time. The lack of oversight AGAIN is due to BOTH parties REPEALING GLASS STEAGALL. NEITHER party did ANYTHING since the repeal to reign in the reckless endeavors of wall street and fannie and freddie. IN FACT... your own BARNIE FRANK told us fannie and freddie weren't taking on too much risk. He told us that in 2005... right before the implosion.

When will YOU face the fact that your idiotic notion that it is just Republicans who have supported deregulation? It was BOTH FUCKING PARTIES you half wit.


Nope the decline was set in motion by the CEOs of the industries corps who took this freedom and FUCKED the entire world with their GREED.Bush and team REFUSED to face this fact and allowed the FUCKING to continue to Up their economic numbers.If they had acted in the best interest of the American people they would have pissed off their base and would have not seen a second term. Clinton was an asshole for trusting the industry not to fuck us but Bush gets the blame for standing by and allowing his constituients to stuff their pockets full of cash while we were raped. You cant have it both ways. You cant talk dems into believing the partys tenents and then BLAME only the dems who were stupid or BOUGHT enough to back you ideas when they fail. Yes EVERY fucking dem who bought this REPUBLICAN idea was either bought, stupid or both

LMFAO.... you have got to be kidding. Tell us Desh... would these greedy CEO's/corps have been able to do what they did had the politicians NOT repealed Glass Steagall and if the politicians had not removed the uptick rule?

You are a fucking idiot if you think they would have. Thus, what set it in motion was when the POLITICIANS repealed Glass Steagall.

3) And many of them are needed programs unlike the WARS that Bush caused with his inability to keep this country safe from attack and did merely for corporate gain. Do you think any republicans are planing to fund them or cut them while in office? The facts are the republican party of the last 30 years have been economic assholes. The dems have been far better. The tea baggers would do the same damn thing the Rs would do.

Sorry Desh... the FACT is... you do not get to pick and choose which UNPAID liabilities are justified. IF WE DO NOT PAY FOR THEM... FUTURE GENERATIONS HAVE TO. PERIOD.

and no... the Dems have not been better. The best period of time was when the REPS controlled Congress in the late 1990s. CONGRESS passes the budgets Desh. Not the President.

That said, the Reps most certainly were horrid under Bush. But the Dem led Congress since then has been far far worse.

If anyone truely cares about the US economy they would be better off voting democratic in all elections right up until the time that the Corps then buy enough dems to have their bidding done. At that point you guys better have your shit together and some knew ideas that actually work if you want to save this country. EVERY minute people back this current R party or their even worse splinter groups like the tea baggers we step closer to the tipping point of democratic buyout. Im begging you people to get some new ideas that work and quit backing the failed ideas of your past.

You continue with your tired mantra of 'your failed ideas of the past'... yet it is the meddling of the politicians that CAUSED this mess.

Had they not sold out the American public by repealing Glass Steagall, we would not be in the mess we are in today.

Had they not run up our nations debt every year since 1960, we would not be in the mess we are in today.

Had they not run up countless trillions in unfunded liabilities by promising the world to their constituents even though they KNOW we cannot pay for it all, we would not be in the mess we are in today.

Bottom line... your partisan hackery will never allow you to see the glaring faults within your party. You are no better than those on the far right who think it is all the fault of the Dems.
 
It's headed in the right direction, and I doubt this is something you would have predicted.

Thus, the sarcasm. You may be in for some tough years ahead.
No. It isn't "headed" in the right direction. This would be like saying, "I hit under par on one hole of gold today, tomorrow (if the pattern continues (people seem to forget this part of that article)), I will win the Green Jacket at Augusta!"

1. "If the trend continues" shows no pattern at all. There is no "trend" other than the Administration just SWAGging a smaller number than before and saying, "If it continues then it MAY be as low as...

2. 1.3 Trillion is absolutely much huger than any proposed by Bush. Remember that a large portion of 2009's was the Stimulus package passed in February, long after the proposed Bush budget... (Yes, they spent some of that money in the same year they passed the bill... it became part of the deficit.)

3. If ever any Administration even comes close to paying off even a tiny portion of the debt I'll be thrilled, even if it is Obama. The sarcasm is free and has nothing to do with political parties.
 
No. It isn't "headed" in the right direction. This would be like saying, "I hit under par on one hole of gold today, tomorrow (if the pattern continues (people seem to forget this part of that article)), I will win the Green Jacket at Augusta!"

1. "If the trend continues" shows no pattern at all. There is no "trend" other than the Administration just SWAGging a smaller number than before and saying, "If it continues then it MAY be as low as...

2. 1.3 Trillion is absolutely much huger than any proposed by Bush. Remember that a large portion of 2009's was the Stimulus package passed in February, long after the proposed Bush budget... (Yes, they spent some of that money in the same year they passed the bill... it became part of the deficit.)

3. If ever any Administration even comes close to paying off even a tiny portion of the debt I'll be thrilled, even if it is Obama. The sarcasm is free and has nothing to do with political parties.


You've become so absurdly partisan. It most certainly IS headed in the right direction. The deficit is, and the economy is. The golf analogy is a bogus one. There is still a danger of a double-dip, and if that happens, all bets on the deficit are off. But if it doesn't, yes, the TRENDS will be very good...
 
If anyone truely cares about the US economy they would be better off voting democratic in all elections right up until the time that the Corps then buy enough dems to have their bidding done. At that point you guys better have your shit together and some knew ideas that actually work if you want to save this country. EVERY minute people back this current R party or their even worse splinter groups like the tea baggers we step closer to the tipping point of democratic buyout. Im begging you people to get some new ideas that work and quit backing the failed ideas of your past.


Desh, message board republicans have always been staunch advocates of regulation and oversight. The GOP has a history of being proactive regulators.

The weird thing is that, as long as I've been on message boards, for years virtually every liberal was saying that the markets and wall street were under-regulated. But, until 18 months ago I don't ever remember a single message board republican agreeing with us. Weird, huh?
 
You've become so absurdly partisan. It most certainly IS headed in the right direction. The deficit is, and the economy is. The golf analogy is a bogus one. There is still a danger of a double-dip, and if that happens, all bets on the deficit are off. But if it doesn't, yes, the TRENDS will be very good...

so the trends show a danger of a double dip, yet the trends are good :palm:
 
No. It isn't "headed" in the right direction. This would be like saying, "I hit under par on one hole of gold today, tomorrow (if the pattern continues (people seem to forget this part of that article)), I will win the Green Jacket at Augusta!"

1. "If the trend continues" shows no pattern at all. There is no "trend" other than the Administration just SWAGging a smaller number than before and saying, "If it continues then it MAY be as low as...

2. 1.3 Trillion is absolutely much huger than any proposed by Bush. Remember that a large portion of 2009's was the Stimulus package passed in February, long after the proposed Bush budget... (Yes, they spent some of that money in the same year they passed the bill... it became part of the deficit.)

3. If ever any Administration even comes close to paying off even a tiny portion of the debt I'll be thrilled, even if it is Obama. The sarcasm is free and has nothing to do with political parties.

Don't forget the 1 trillion interest payment on the debt.
 
What I cannot comprehend is how anyone with a real brain can consider a 7% drop in deficit spending over early 2009 a "trend". In early 2009 we were spending the largest giveaway "stimulus" packages in the history of the entire world. If we cannot come DOWN from that kind of spending spree, then we may as well give it up and declare a collapsed economy now. In fact, considering the breadth and depth of the spending a year ago, realizing only a 7% decline is more worrisome than encouraging.
 
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Seriously? It took you 8 hours to come up with that weak shit? Just admit that you misread what he wrote and move on.


it took me 5 seconds after i read his post...what is with you people and thinking i read his post when he created it? you guys assume i read everybody's post as soon as they write....thats dumb...

i did not misread what he said at all...it is inherent that there must be trends for a double dip, he obviously doesn't understand what he is talking about and clearly, neither do you...he believes there is a danger of a double dip, that inherently means trends show a possibility of a double dip and the 5 second google research shows that i am correct.

why can't you just admit that instead of talking nonsense?
 
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