Obama cuts deficit despite bad economy. NOT a deficit thread.

[techs]

http://www.bloomberg.com/news/2010-...l-budget-deficit-in-excess-of-1-trillion.html

U.S. Posts Second-Largest Annual Budget Deficit on Record

The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.

The shortfall totaled $1.294 trillion in the fiscal year ended Sept. 30, second only to the $1.416 trillion deficit in 2009, the Treasury Department said today in Washington.

A jobless rate projected to exceed 9 percent through 2011 points to the difficulty of narrowing the budget gap even as the global economic recovery boosts company profits and produces more corporate tax receipts. Growth in government spending may slow because of declining costs associated with the financial crisis that spawned such rescue plans as the Troubled Asset Relief Program




Wow. The right wing media won't even give Obama credit for cutting the deficit despite the awful economy.
Just thought I would post this to show how the right wing media distorts the news.:biggrin:

 

[Gonad the Barbarian]

Reality has a left-wing bias.

 

[Patranus]

HAHAHAHAHA.

Record deficits and he "cut" them. LOL. God. laughable.

 

[Fern]

WTH?

Bwuhahaha

Fern

 

[BoberFett]

I have trouble determining if techs is truly stupid, or just trolling.

 

[nyker96]

Wow. The right wing media won't even give Obama credit for cutting the deficit despite the awful economy.
Just thought I would post this to show how the right wing media distorts the news.:biggrin:

If reality supports Obama then Reality is against God and Reality is wrong!! Down with Reality! Long live the Tea party!

 

[Mursilis]

I have trouble determining if techs is truly stupid, or just trolling.

I'm going with truly stupid. Remember his "Obama just needs to bow out gracefully because Hillary has WON the Dem. nomination" thread? Truly a classic.

 

[JohnOfSheffield]

http://www.bloomberg.com/news/2010-...l-budget-deficit-in-excess-of-1-trillion.html

U.S. Posts Second-Largest Annual Budget Deficit on Record

The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.

The shortfall totaled $1.294 trillion in the fiscal year ended Sept. 30, second only to the $1.416 trillion deficit in 2009, the Treasury Department said today in Washington.

A jobless rate projected to exceed 9 percent through 2011 points to the difficulty of narrowing the budget gap even as the global economic recovery boosts company profits and produces more corporate tax receipts. Growth in government spending may slow because of declining costs associated with the financial crisis that spawned such rescue plans as the Troubled Asset Relief Program




Wow. The right wing media won't even give Obama credit for cutting the deficit despite the awful economy.
Just thought I would post this to show how the right wing media distorts the news.:biggrin:

Just so you know it, pretty much all nations have a better result for this fiscal year compared to last, even Greece.

 

[Drako]

How is adding another trillion dollars to the deficit, cutting the deficit?

 

[Throckmorton]

How is adding another trillion dollars to the deficit, cutting the deficit?

Because the deficit is lower than it was last year. You're confusing deficit and debt.

 

[thegimp03]

Too bad there will still be a house cleaning in 3 weeks. Set your clock for it!

 

[ElFenix]

mark it up to mark it down!




edit: just how much of that decline is due to TARP being repaid?

Growth in government spending may slow because of declining costs associated with the financial crisis that spawned such rescue plans as the Troubled Asset Relief Program

 

[piasabird]

The budget is still 1 trillion over budget. That is nothing to pat your back for!

Keep cutting programs, and start slashing deductions.

Fire all the Czars. Half of the people in the federal government could be fired tomorrow.

If the president can not balance the budget he should just resign. How much of the budget is not being counted that you dont know about?

 

[EagleKeeper]

Proposed budget from the WH. What will the signed budget be like?

 

[nonlnear]

I have trouble determining if techs is truly stupid, or just trolling.

techs brings balance to Anarchist420 the force.

 

[werepossum]

http://www.bloomberg.com/news/2010-...l-budget-deficit-in-excess-of-1-trillion.html

U.S. Posts Second-Largest Annual Budget Deficit on Record

The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.

The shortfall totaled $1.294 trillion in the fiscal year ended Sept. 30, second only to the $1.416 trillion deficit in 2009, the Treasury Department said today in Washington.

A jobless rate projected to exceed 9 percent through 2011 points to the difficulty of narrowing the budget gap even as the global economic recovery boosts company profits and produces more corporate tax receipts. Growth in government spending may slow because of declining costs associated with the financial crisis that spawned such rescue plans as the Troubled Asset Relief Program




Wow. The right wing media won't even give Obama credit for cutting the deficit despite the awful economy.
Just thought I would post this to show how the right wing media distorts the news.:biggrin:

LOL Yeah, he has reduced the deficit from the worst ever to the second worst ever using only his electrifying almightiness. All hail Walks-On-Water.

More great news, if he gets his way next year then this year will only be the third worst deficit ever!

 

[Throckmorton]

the budget is still 1 trillion over budget. That is nothing to pat your back for!

Keep cutting programs, and start slashing deductions.

Fire all the czars. Half of the people in the federal government could be fired tomorrow.

If the president can not balance the budget he should just resign. How much of the budget is not being counted that you dont know about?

economics fail

 

[JohnOfSheffield]

The budget is still 1 trillion over budget. That is nothing to pat your back for!

Keep cutting programs, and start slashing deductions.

Fire all the Czars. Half of the people in the federal government could be fired tomorrow.

If the president can not balance the budget he should just resign. How much of the budget is not being counted that you dont know about?

Firing all the czars (an invention of the GHB admin) and everyone else but those who were in the initial government in 1915 would save what? 15 million? I'm sure you have the numbers since you made the point.

Or you really don't and you are just rolling with your trolling.

 

[GoPackGo]

Firing all the czars (an invention of the GHB admin) and everyone else but those who were in the initial government in 1915 would save what? 15 million? I'm sure you have the numbers since you made the point.

Or you really don't and you are just rolling with your trolling.

I'm sure they are all dead by now.

 

[JohnOfSheffield]

I'm sure they are all dead by now.

Heh, i suppose you can interpret what i asked for in that way, if you REALLY dont want to answer the question.

I kinda expect this one to go unanswered anyway.

But cheers for making me smile GoPackGo.

 

[NL5]

Firing all the czars (an invention of the GHB admin) and everyone else but those who were in the initial government in 1915 would save what? 15 million? I'm sure you have the numbers since you made the point.

Or you really don't and you are just rolling with your trolling.

Actually, it goes back at LEAST to Nixon - http://www.time.com/time/magazine/article/0,9171,908276,00.html

Of course, he wanted any president who couldn't balance the budget to resign - Bush and Reagan were two of the worst spenders in US History - they never resigned either.....

 

[JohnOfSheffield]

Actually, it goes back at LEAST to Nixon - http://www.time.com/time/magazine/article/0,9171,908276,00.html

Of course, he wanted any president who couldn't balance the budget to resign - Bush and Reagan were two of the worst spenders in US History - they never resigned either.....

In my defense, i'm an Englishman.

 

[XZeroII]

You think that a 1.3 TRILLION dollar deficit is good news? Weren't you ready to go on a rampage when Bush had a 300 billion dollar deficit? I just thought I would post this to show how left wingers distort reality. I'll be Obama could molest 5 children and left-wingers would still praise him for not molesting 6.

Saying left-wingers is fun. Left-wingers are wankers.

 

[JohnOfSheffield]

You think that a 1.3 TRILLION dollar deficit is good news? Weren't you ready to go on a rampage when Bush had a 300 billion dollar deficit? I just thought I would post this to show how left wingers distort reality. I'll be Obama could molest 5 children and left-wingers would still praise him for not molesting 6.

Saying left-wingers is fun. Left-wingers are wankers.

I agree, unfortunantly, the Republicans that got their balls licked by the Chinese are more left wing wankers than anyone else.

Oh wait, you were one of them... sorry for hurting your sensitive emotions.

 

[werepossum]

You think that a 1.3 TRILLION dollar deficit is good news? Weren't you ready to go on a rampage when Bush had a 300 billion dollar deficit? I just thought I would post this to show how left wingers distort reality. I'll be Obama could molest 5 children and left-wingers would still praise him for not molesting 6.

Saying left-wingers is fun. Left-wingers are wankers.

LOL

I'm reminded of the joke about the Russians and the Americans racing their highest tech planes and the Americans winning. The next day Russian media reads "Russian plane comes in second, American plane comes in next to last."