Congressional Budget Office: Budget deficit drops to $435B

AP/Yahoo News ^ | 10/07/2015 | ANDREW TAYLOR

[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.

[celmak]

And Obummer is taking full credit for it!

[Cicero]

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

[celmak]

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

[100American]

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!!!)

[kaehurowing]

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

[Ramius]

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.

[stocksthatgoup]

Sequesters work!

[Son House]

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

[98ZJ USMC]

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.

[RetiredTexasVet]

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

[Blood of Tyrants]

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

[Cementjungle]

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

[xzins]

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

[Tzimisce]

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.

[Chode]

and the Treasury Says the Debt Has Been Frozen at $18,112,975,000,000 for 200 days too! yeah, right...

[Revel]

Bingo!

[napscoordinator]

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.

[dartuser]

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

[Intolerant in NJ]

...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.....

[Fresh Wind]