Budget Deficit Lowest In Six Years

[rightwinger]

Remember when Republicans mocked Obama for claiming he would cut the deficit in half?

Obama Budget Deficit Low - Business Insider

The US budget deficit fell by nearly one-third from fiscal year 2013 through fiscal year 2014 and is now at the lowest point it's been under President Barack Obama's tenure.
The Congressional Budget Office on Wednesday said the US budget deficit plunged to $486 billion in FY2014, which was $195 billion less than the shortfall recorded in FY2013. It's the smallest deficit recorded since 2008.
FY2014 was the fifth consecutive year the deficit declined as a percentage of GDP. It is now an estimated 2.8% of GDP, a percentage that puts it below the average of the past 40 years.
The deficit has fallen sharply over the past few years, despite constant brinksmanship in Washington over raising the US debt ceiling. But concern about deficits has virtually disappeared from the campaign trail ahead of the 2014 midterm elections after being a central theme of 2010's elections.


Read more: http://www.businessinsider.com/obama-budget-deficit-low-2014-10#ixzz3FZZv8tUh

 

[candycorn]

Blame Obama.

 

[jasonnfree]

Yesterday I went back to Feb. 2009 on the USMB. The republicans were complaining then about the Obama economy and Obama had just recently been inaugurated. Talk about true believers marching to the beat fox news and hate radio plays daily.

 

[chikenwing]

Blame Obama.

For what?

Who controls the money spent? who hasn't had his budget passed ever?

 

[LordBrownTrout]

Perhaps we should reduce the federal budget in order to keep more money in the pockets of taxpayers.

 

[Moonglow]

no one, everyone is getting auto cuts because of sequester...Urban dev and housing got a 31% decrease along with 5% for the DOD....

 

[Moonglow]

Perhaps we should reduce the federal budget in order to keep more money in the pockets of taxpayers.

You don't play tax avoision?

 

[LordBrownTrout]

Perhaps we should reduce the federal budget in order to keep more money in the pockets of taxpayers.

You don't play tax avoision?

I do but the increases are still there.

 

[candycorn]

Blame Obama.

For what?

Who controls the money spent? who hasn't had his budget passed ever?

Sorry...

Force of habit.

 

[blastoff]

As I recall, Barry said he'd cut the budget deficit in half during his first three years in office, or likely be a one-termer if he didn't.

 

[Moonglow]

We do have the GOP to thank for helping in the reduction...

 

[rightwinger]

So what do Republicans run on now?

They can't run on repealing Obamacare
They can't run on the unemployment rate
They can't run on deficits

How about Ebola?

 

[Mad Scientist]

While Tax Receipts did go up spending went up as well?

Doesn't look like the Budget Deficit has decreased at all. Oh I see! It increased from June to July but you Obama Whorshipers wanna' say it's less than last year so that's a good thing right?

From Business Insider:

 

[Care4all]

As I recall, Barry said he'd cut the budget deficit in half during his first three years in office, or likely be a one-termer if he didn't.

first 4 years, if memory serves me....

 

[Mad Scientist]

Hey guys look! I'm smoking less!

June 2014 - 21 Cigarettes a day
July 2014 - 23 Cigarettes a day

Compare that to last year!

June 2013 - 25 Cigarettes a day
July 2013 - 27 Cigarettes a day

I'm smoking less! Thanks Obama!

 

[rightwinger]

As I recall, Barry said he'd cut the budget deficit in half during his first three years in office, or likely be a one-termer if he didn't.

first 4 years, if memory serves me....

He has now cut it down to one third

Does that mean Republicans will back him?

 

[The Rabbi]

The deficit is still above pre-recession levels, this despite galloping federal receipts.
Typical of the Obama knee-padders to focus on one small metric and attempt to derive something that ignores reality.
It's the spending, stupid.

 

[Soggy in NOLA]

National debt highest in U.S. History under Obama.

 

[jwoodie]

Deficit down to half a trillion? Oh, goody! By the way, anybody here know how much 5% interest on a $20 trillion debt is? The Fed can't hold down rates forever...

 

[rightwinger]

Hey guys look! I'm smoking less!

June 2014 - 21 Cigarettes a day
July 2014 - 23 Cigarettes a day

Compare that to last year!

June 2013 - 25 Cigarettes a day
July 2013 - 27 Cigarettes a day

I'm smoking less! Thanks Obama!

Nice analogy

But to be accurate, you would be down to 9 cigarettes a day

Big cut in your smoking don't ya think?