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Federal deficit now lowest in 4 years
Yahoo ^

Posted on 10/11/2006 7:25:30 AM PDT by Sub-Driver

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Nancy Pelosi is sadden......
1 posted on 10/11/2006 7:25:31 AM PDT by Sub-Driver
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To: Sub-Driver

Too bad we're spending like a drunken sailor or there would be nearly no deficit. Thx Repubs!


2 posted on 10/11/2006 7:26:22 AM PDT by Sir Gawain
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To: Sub-Driver
Democrat reaction:


3 posted on 10/11/2006 7:28:33 AM PDT by SoFloFreeper
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To: Sub-Driver

4 posted on 10/11/2006 7:29:17 AM PDT by The G Man (The NY Times did "great harm to the United States" - President George W. Bush 6/26/06)
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To: Sir Gawain

It's that big a deal when you're only comparing it against yourself. I mean, fine, it's down compared to your bigger spending years. Fine.


5 posted on 10/11/2006 7:29:38 AM PDT by Huck (There is a $2.00 service charge for this tagline---do you still wish to proceed?)
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To: Huck

sorry, meant to say not that big a deal. how does the deficit compare to, say, the 1990s?


6 posted on 10/11/2006 7:30:22 AM PDT by Huck (There is a $2.00 service charge for this tagline---do you still wish to proceed?)
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To: Sir Gawain

War does create "drunken sailors".


But seriously, this dramatic reduction in the deficit is great news, news that should be touted in the MSM, but you won't see me holding my breath waiting, or for the MSM to give credit to Bush tax cuts.


7 posted on 10/11/2006 7:32:58 AM PDT by YaYa123
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To: Sub-Driver

So spending and tax revenues are outpacing economic growth at least two to one. That doesn't sound so great to me.


8 posted on 10/11/2006 7:33:52 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Huck
Why would you compare the 90's deficit to today?

Is there any relevant comparison there?

9 posted on 10/11/2006 7:34:10 AM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: Huck

To be true to our principles, we should have let Alqueda overrun the country, instead. /sarc


10 posted on 10/11/2006 7:35:23 AM PDT by ClaireSolt (Have you have gotten mixed up in a mish-masher?)
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To: Sub-Driver

Wow! The AP story just a few hours ago said the 2006 deficit was $250 B..and now its down to $247.7B In just a few short hour's time.


11 posted on 10/11/2006 7:35:35 AM PDT by RonnG
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To: YaYa123
War does create "drunken sailors".

WWII did so legitimately, but GWB was a big spender long before the current war, which takes up only a tiny fraction of the GDP that WWII did.

12 posted on 10/11/2006 7:35:45 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: YaYa123

Compared to seriously big wars, this ones a pimple on our buttocks. No excuse.


13 posted on 10/11/2006 7:40:34 AM PDT by zarf
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To: Sir Gawain

> Too bad we're spending like a drunken sailor or there would be nearly no deficit. Thx Repubs!

Yep. I'm not impressed that the spendthrift jerks in Congress are only losing money at the shocking rate of 4 years ago, and not the ludicrous rate of last year.

Not that the Democrats would do any better, but dang-- we're supposed to be the party of fiscal solvency. What a joke.


14 posted on 10/11/2006 7:41:32 AM PDT by VictoryGal (Never give up, never surrender!)
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To: Sub-Driver
The reason for the improvement this year was the big jump in revenues, propelled by strong economic strongth.

But...I thought the tax cuts were supposed to be BAD for revenues!!!

15 posted on 10/11/2006 7:42:06 AM PDT by JRios1968 (Tagline wanted...inquire within)
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To: Sub-Driver

The so called "four years of surplus" fairy tale repeated here is part of the standard Clinton legacy building, and is nonsense.

The surplus only existed because of the absurd accounting rules used by Congress and the President. If more rational accounting rules were used, say those that required for incuding future pension liabilities (like, for instance the rules the Government requires OTHER big entities like GM and Ford to use) then the so-called "surplus" would have been revealed as a very deep deficit.

I was gratified to see this finally admitted this summer in a front page USA Today story.

Anyone can verify this easily be visiting the Bureau of the Public Debt. You will note that despite (two, three, four!!) years of Clintonian "surplus" the actual debt of the USA increased EACH AND EVERY YEAR of his era of cheap sex in the White House.

I now return control of your screen to the lying MSM and their sock-puppet reporters. (Economics reporter! HA!)


16 posted on 10/11/2006 7:42:19 AM PDT by Jack Black
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To: zarf

Puppet shows and games for hurrican non-victims: $22.6 million


17 posted on 10/11/2006 7:42:56 AM PDT by SlowBoat407 (A living insult to islam since 1959)
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To: Sir Gawain

I'm with you. A $247.7 billion dollar deficit is nothing to celebrate. It just brings us to hell at a little slower rate than lets say a $450 billion dollar deficit.


18 posted on 10/11/2006 7:44:38 AM PDT by kenn5
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To: Sub-Driver
propelled by strong economic strongth

I'm stuned. I didn't know we had any strongth.

19 posted on 10/11/2006 7:45:11 AM PDT by neodad (USS Vincennes (CG-49) Freedom's Fortress)
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To: Sub-Driver
But, but , but... IT CAN'T BE TRUE!!!! The Democrats told us that "Bush's tax cuts for the wealthy" would result in an ocean of red ink! John Kerry told us so! He wouldn't lie, would he?

< /sarcasm>

Anyone care to guess how the mainstream media is going to play this:


.

.

.

.


If you guessed, "They'll say that Republicans only claim that tax cuts led to higher revenues, and it's all temporary anyway..."

Come on down!! You've won today's grand prize on "Dinosaur Media Showcase"! (Tell 'em what he won, Sandy... )

20 posted on 10/11/2006 7:45:48 AM PDT by andy58-in-nh
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