Skip to comments.The Deficit is actually DECREASING during shutdown! Share this link!
Posted on 10/03/2013 9:12:43 AM PDT by DouglasKC
click here to read article
I understand....but that's not the point.
Bingo! And if you do the math, you will find that we have already exceeded the current debt limit by a quarter trillion dollars.
So in an age where lawlessness abounds, the debt ceiling no longer holds any meaning. The Fed continues to dump $85 billion per month into Treasury coffers, which is more than enough to retire current debt as it becomes due. and it also proves that the Republicans do not have to lift a finger to raise the debt ceiling because the Obama Administration is ignoring it anyway. So don't fall for it. The best thing the GOP House can do at this point is to keep passing spending appropriations one by one (like they're supposed to do) and let the Democrat Senate defeat every one of them. And then sit back and watch Obama panic. Another week, and we may see him go into a full-blown temper tantrum.
“.the DEFICIT, the amount we spend versus what we take in , is going DOWN...which means we are living within our means WHILE the slimdown is in effect.”
Uh, we are NOT living within our means just because the deficit is going down, the deficit has to be zero or become a surplus before we are living within our means. It will never be exactly zero so it must become a surplus, a positive figure, before we can actually say we are living within our means.
Oh thanks. My bad.
This is great!
The article is about the deficit not the debt. The deficit can shrink to almost nothing, but as long as it is a deficit, debt will continue to grow.
Isn't that the case prety much ALL the time?
Gasoline prices have dropped sharply over the past week, too. Any connection?
No thanks. The top figure, the National Debt, grabs your attention when you look at that page, and it is steadily increasing.
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