Deficit Down 37.6 Percent

[LordBrownTrout]

Thank God we have a Republican House that takes spending seriously

So you are for the Sequester..right?

Sequester was a joke. It should have started with 200 billion in cuts.

 

[NightFox]

Thank God we have a Republican House that takes spending seriously

So you are for the Sequester..right?

Sequester was a joke. It should have started with 200 billion in cuts.

You're generous, in 2010 the GAO found over $95 billion a year in just redundancy, fragmentation and overlap, money we can save without cutting ANY services.. of course none of the geniuses in the federal government lifted a finger to cut a single penny of it.

We need to cut the budget in HALF, as in go back to FY 2000 spending levels.

 

[Quantum Windbag]

U.S. Budget Deficit Down 37.6 Percent Through July: CBO

The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.

July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.

The Congressional Budget Office has forecast that the annual deficit will be $670 billion when the budget year ends Sept. 30, far below last year's $1.09 trillion. It would mark the first year that the gap between spending and revenue has been below $1 trillion since 2008.

Steady economic growth, higher taxes, lower government spending and increased dividends from mortgage giants Fannie Mae and Freddie Mac have helped shrink the deficit.

Still, looming budget fights in Congress are complicating the picture. When lawmakers return from their recess in September, they will need to increase the government's borrowing limit. They will also have to approve a spending plan for the budget year that begins Oct. 1. Republicans and Democrats remain far apart on both measures.

But the Repubs are still fighting to bring the United States down.

Obama has been screaming about the slight decreases in spending that enabled this, now you want to give him credit for it.

 

[Quantum Windbag]

This is good news for the US - and bad news for many of our anti-American posters.

That almost makes sense, did you read another book?

 

[The Rabbi]

Lemme get this straight: Republicans proposed cuts and Democrats cried we were going to starve senior citizens and throw children on the street. Then Obama&Co passed the sequester, claiming all of that would happen. Then the deficit goes down partly as a result of lower spending. And Democrats want to credit Obama with doing all this?
Really?

 

[Yurt]

But the Repubs are still fighting to bring the United States down.

 

[kwc57]

Lud seems to think that balancing the budget is going to destroy this nation. That should tell us all alot about whether we should trust him and the politicians he supports with our tax money.

Puddly doesn't understand taxes, spending, balance, the constitution, etc. As long us the gubmint deposits money into his EBT card each month so he can keep his Cheetos and Mt Dew stocked up, it's all good.

 

[Claudette]

Lemme get this straight: Republicans proposed cuts and Democrats cried we were going to starve senior citizens and throw children on the street. Then Obama&Co passed the sequester, claiming all of that would happen. Then the deficit goes down partly as a result of lower spending. And Democrats want to credit Obama with doing all this?
Really?

Well of course.

All it takes is a Drivebydumbass to credit Barry Boy. He's an idiot.

 

[JoeBlam]

Thank God we have a Republican House that takes spending seriously

So you are for the Sequester..right?

Sequester was a joke. It should have started with 200 billion in cuts.

That's okay but timid compared to what I propose....a 20% cut across the board including the Pentagon, SS and Medicare means-tested for need, and the abolition of the departments of Commerce, Education, Homeland Security, and NASA for anything other than satellite maintenance. Then I'd close the border to all goods from Japan and China, leave the WTO, order the Fortune 500 to either reopen shuttered factories here within 180 days or face permanent death-tariffs and in-country product seized as contraband....Then I'd end our participation in NAFTA, and get busy drilling every drop of oil we can find to become a net-exporter.

 

[CrusaderFrank]

Lemme get this straight: Republicans proposed cuts and Democrats cried we were going to starve senior citizens and throw children on the street. Then Obama&Co passed the sequester, claiming all of that would happen. Then the deficit goes down partly as a result of lower spending. And Democrats want to credit Obama with doing all this?
Really?

Well of course.

All it takes is a Drivebydumbass to credit Barry Boy. He's an idiot.

"`Bear but a touch of my hand there,' said the Spirit, laying it upon his heart,' and you shall be upheld in more than this.'

 

[RetiredGySgt]

U.S. Budget Deficit Down 37.6 Percent Through July: CBO

The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.

July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.

The Congressional Budget Office has forecast that the annual deficit will be $670 billion when the budget year ends Sept. 30, far below last year's $1.09 trillion. It would mark the first year that the gap between spending and revenue has been below $1 trillion since 2008.

Steady economic growth, higher taxes, lower government spending and increased dividends from mortgage giants Fannie Mae and Freddie Mac have helped shrink the deficit.

Still, looming budget fights in Congress are complicating the picture. When lawmakers return from their recess in September, they will need to increase the government's borrowing limit. They will also have to approve a spending plan for the budget year that begins Oct. 1. Republicans and Democrats remain far apart on both measures.

But the Repubs are still fighting to bring the United States down.

Is the US debt owed still going up? Is Obama still on track to double what Bush did in 8 years? Moron.

 

[Two Thumbs]

U.S. National Debt Clock : Real Time

right now $16.9 Trillion.

8 years ago $7.3 Trillions

but thanks to some fiscal conservatism, the def isn't going to kill us for a few years

 

[jknowgood]

So you are for the Sequester..right?

Sequester was a joke. It should have started with 200 billion in cuts.

That's okay but timid compared to what I propose....a 20% cut across the board including the Pentagon, SS and Medicare means-tested for need, and the abolition of the departments of Commerce, Education, Homeland Security, and NASA for anything other than satellite maintenance. Then I'd close the border to all goods from Japan and China, leave the WTO, order the Fortune 500 to either reopen shuttered factories here within 180 days or face permanent death-tariffs and in-country product seized as contraband....Then I'd end our participation in NAFTA, and get busy drilling every drop of oil we can find to become a net-exporter.

Your gonna give libs a heart attack with that one! Lol

 

[chikenwing]

U.S. Budget Deficit Down 37.6 Percent Through July: CBO

The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.

July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.

The Congressional Budget Office has forecast that the annual deficit will be $670 billion when the budget year ends Sept. 30, far below last year's $1.09 trillion. It would mark the first year that the gap between spending and revenue has been below $1 trillion since 2008.

Steady economic growth, higher taxes, lower government spending and increased dividends from mortgage giants Fannie Mae and Freddie Mac have helped shrink the deficit.

Still, looming budget fights in Congress are complicating the picture. When lawmakers return from their recess in September, they will need to increase the government's borrowing limit. They will also have to approve a spending plan for the budget year that begins Oct. 1. Republicans and Democrats remain far apart on both measures.

But the Repubs are still fighting to bring the United States down.

Doesn't congress have the most control of the money?

 

[NightFox]

U.S. Budget Deficit Down 37.6 Percent Through July: CBO

The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.

July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.

The Congressional Budget Office has forecast that the annual deficit will be $670 billion when the budget year ends Sept. 30, far below last year's $1.09 trillion. It would mark the first year that the gap between spending and revenue has been below $1 trillion since 2008.

Steady economic growth, higher taxes, lower government spending and increased dividends from mortgage giants Fannie Mae and Freddie Mac have helped shrink the deficit.

Still, looming budget fights in Congress are complicating the picture. When lawmakers return from their recess in September, they will need to increase the government's borrowing limit. They will also have to approve a spending plan for the budget year that begins Oct. 1. Republicans and Democrats remain far apart on both measures.

But the Repubs are still fighting to bring the United States down.

Doesn't congress have the most control of the money?

No, they have no aptitude when it comes to controlling themselves with other peoples money. Frankly the miscreants on Capital Hill make Bernie Madoff look downright frugal in that regard.

 

[JoeBlam]

Sequester was a joke. It should have started with 200 billion in cuts.

That's okay but timid compared to what I propose....a 20% cut across the board including the Pentagon, SS and Medicare means-tested for need, and the abolition of the departments of Commerce, Education, Homeland Security, and NASA for anything other than satellite maintenance. Then I'd close the border to all goods from Japan and China, leave the WTO, order the Fortune 500 to either reopen shuttered factories here within 180 days or face permanent death-tariffs and in-country product seized as contraband....Then I'd end our participation in NAFTA, and get busy drilling every drop of oil we can find to become a net-exporter.

Your gonna give libs a heart attack with that one! Lol

and a whole wagon-load of fellow Cons too......