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Congressional Budget Office: Budget deficit drops to $435B
AP/Yahoo News ^ | 10/07/2015 | ANDREW TAYLOR

Posted on 10/08/2015 5:09:53 PM PDT by celmak

WASHINGTON (AP) — Congressional budget analysts said Wednesday that the federal government ran a deficit of $435 billion in the just-completed budget year, the smallest deficit since 2007 and well below the record shortfalls of President Barack Obama's first term.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: budget
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And Obummer is taking full credit for it!
1 posted on 10/08/2015 5:09:53 PM PDT by celmak
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To: celmak

Half a trillion here, half a trillion there, and pretty soon it adds up to real money!


2 posted on 10/08/2015 5:11:24 PM PDT by Cicero (Marcus Tullius)
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To: Cicero

And there has not been a budget signed recently by Obama either.


3 posted on 10/08/2015 5:16:44 PM PDT by celmak (GO TED CRUZ !!!)
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To: Cicero

Lies, Damned Lies, And Statistics...

Yeah right, who you gonna believe, me or your Lyin Eyes...

After all he is The One(der what the hell we were thinking!!!)


4 posted on 10/08/2015 5:16:46 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: celmak

I also hear we have close to full employment and no inflation.


5 posted on 10/08/2015 5:23:28 PM PDT by kaehurowing
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To: celmak

Sequestration. While it is prima facie evidence of a basic failure to govern on the part of congress, it does have its beneficial side effects. I’m not a huge fan of Boehner, but he rightly deserves some credit for actually reining in at least some spending from where Obama was heading.


6 posted on 10/08/2015 5:25:58 PM PDT by Ramius (Personally, I give us one chance in three. More tea anyone?)
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To: celmak
Sequesters work!
7 posted on 10/08/2015 5:28:15 PM PDT by stocksthatgoup (http://www.nytimes.com/2015/10/09/business/dealbook/imf-economies-lima-china-turkey-brazil.html)
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To: celmak

Great, now pay off the National debt...No, they just want to confuse the issue with a 1 year accounting gimmick.


8 posted on 10/08/2015 5:28:27 PM PDT by Son House (The American Recovery and Reinvestment Act of 2009; the Original Legislative Fraud.)
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To: celmak

Hope everyone remembers that there have been record Federal Tax revenues the last three years in a row. Most of that comes from those evil rich and evil Corporations.


9 posted on 10/08/2015 5:33:16 PM PDT by 98ZJ USMC
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To: celmak

I would suggest not. Just more creative accounting .... the debt is there but kept off the books.


10 posted on 10/08/2015 5:37:46 PM PDT by RetiredTexasVet (Arrogance + stupidity + Muslims refugees = an 8th century 3rd world European Union utopia!)
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To: celmak

What entity, besides the federal government, can spend hundreds of billions of dollars more than they take in EVERY YEAR and not be bankrupt?


11 posted on 10/08/2015 5:38:03 PM PDT by Blood of Tyrants (There's a right to gay marriage in the Constitution but there is no right of an unborn baby to life.)
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To: celmak

He’s racked up $9 trillion (or more) debt since he took office. No one seems to mention that.


12 posted on 10/08/2015 5:44:29 PM PDT by Cementjungle
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To: Cicero

Could it be because obamacare taxes have kicked in but obamacare expenses have not yet?


13 posted on 10/08/2015 5:50:54 PM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their Victory!)
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To: celmak

They’re spending more than ever while claiming the deficit is going down???????

I’m not a mathematician, but I think there’s something wrong with their numbers.


14 posted on 10/08/2015 5:56:04 PM PDT by Tzimisce
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To: celmak
and the Treasury Says the Debt Has Been Frozen at $18,112,975,000,000 for 200 days too! yeah, right...

15 posted on 10/08/2015 5:56:09 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: xzins

Bingo!


16 posted on 10/08/2015 6:09:52 PM PDT by Revel
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To: celmak

He did the Sequester so of course he gets credit. Of course nobody likes it including himself. He is hilarious but at least our deficit is slowing.


17 posted on 10/08/2015 6:11:04 PM PDT by napscoordinator (Walker for President 2016. The only candidate with actual real RESULTS!!!!! The rest...talkers!)
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To: celmak

In what bizarre universe is spending $435B more than you take in celebrated as an economic victory?


18 posted on 10/08/2015 6:11:27 PM PDT by dartuser
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To: celmak
...and well below the record shortfalls of President Barack Obama's first term...which of course were brought on by the trillion dollar "stimulus" package passed that first year - it's easy to make things look like they're improving when you mess them up to begin with - at least the deficit is by now about down to where it was at the highest point during Bush's administration - and he managed to reduce it to 100 billion within four years.....
19 posted on 10/08/2015 6:16:09 PM PDT by Intolerant in NJ
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To: celmak

20 posted on 10/08/2015 6:21:51 PM PDT by Fresh Wind (Falcon 105)
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