Posted on 02/23/2016 7:50:39 PM PST by Beave Meister
Here’s a radical idea about the fed budget, let the gov’t run a surplus each year.
The deficit is shrinking because of the Republican Congress. The debt, however, continues to grow.
the deficit is going down because of the sequester.
the national debt on the other hand continues to rise rapidly and now stands above 19 trillion.
I assume many when asked this question mistook deficit for national debt.
Sure its shrinking
Just wait until the next recession. If its at all similar to 2009, it would not be unreasonable to expect a $2 Trillion deficit.
Maybe not - but I bet they know the debt is bigger than ever, and growing by the second.....
Steve Benen is a Soros protege who writes mostly for Rachel Maddow’s maddowblog.com.
Lefties love to quote and cut and paste their Steve Benen articles which come straight out of Soros’ mouth.
The deficit is going down. It is now only larger than every other deficit in history except for tall the other Obama deficits.
The debt continues to increase exponentially and will get even worse if interest rates rise.
Bingo!!!!!!! Congratulations, you have won the highly acclaimed seven exclamation mark award. Even these buffoons on Salem —Michael Medved—for one continue to praise the reduction in the deficit, never mentioning the increase in the debt. A plague on all of them despite their efforts, how honorable they may seem. The lame Hugh Hewitt is completely lame for his continual verbal abuse of his producer who continues to fight cancer. Shame on you Hugh the lame one.
Wait till interest rates increase. . . .
We’re screwed.
The first order of business of the extremists in 2009 was to establish a incredibly large baseline deficit against which normal deficits would appear austere.
The deficit usually shrinks under a Rpublican congress. Presdential budgets are dead on arrival, so they can’t take credit.
The deficit is shrinking but first it got to a completely unreasonable size.
It’s like an alcoholic going on a bender. And then claiming their drinking is down because the current bender is not as bad as the previous one.
So, the sequester was good for the economy?
Obama has been running up the biggest deficits in history. He has added $9 trillion so far to the debt, almost doubling it. Yes, annual deficits may be going down compared to the $1 trillion a year deficits, but the national debt is still increasing.
Stop hating Obama because he is black! Or gay! Or muslim!
I don’t have to! :P
It contains a grain of truth, however, compared to 2008 deficit spending of 458 billion and 438 billion in 2015, deficit spending barely fell. Which compares Bush's last year to Obama deficit amount for 2015.
Due to TARP adding 700 billion, we should not count 2009.
In 2010, 2011, & 2012 the deficit spending never got below 1 trillion. So the statement that is was falling and quickly is way off the BS meter chart. It was falling but not quickly. In 2013 it fell to around 700 billion, and 2014 fell to around 500 billion. Finally getting past Bush's 458 billion by 20 billion in 2015.
So based upon 2009 figures it fell by approximately 66%. Using Bush's last year of deficit spending figure it fell a little les than 5%.
So my analysis, some truth peppered with lots of chicanery.
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