The Incredible Shrinking Deficit

[Duped]

Shrinking deficit = rising debt - which brings us closer to collapse

 

[Duped]

It's like saying: we have slowed down the production of new tumers in your brain. Instead of dying this week, you'll die next week - we need a fucking surplus, and we should cut deeply now to make that happen.

 

[LordBrownTrout]

Lol at taking CBO outlook/predictions seriously. They're the ones that said ocare would save hundreds of billions.

 

[AceRothstein]

If the deficit is lower this year, why do the dems insist on raising the debt ceiling?

Because of math.

 

[Toro]

raise taxes --> lower deficit
cut spending --> lower deficit
raise taxes & cut spending --> lower deficit

 

[Old Rocks]

The Congressional Budget Office (CBO) is now estimating this years deficit will end up at $642 billion, or 4% of the GDP. That would be the lowest level of annual deficit since the recession started.

There are several reasons which you can see here:

The Mystery of the Incredible Shrinking Budget Deficit | TIME.com

The bottom line is that the huge deficits we've seen in recent years were driven by the recession. Lower tax revenue, plus recession related spending, equaled big deficits...just as everyone but the Republican's have been saying all along.

It doesn't hurt that we just had a $600 billion tax increase and the fact that Obama has been overcharging us for everything by raising excise taxes for just about everything we buy.

Yup, our incomes are ether stagnating or going down and yet your costs are continuing to rise. Meanwhile Obama is golfing again......

[ame=http://www.youtube.com/watch?v=i2-S7BBBkqE&list=PLd_cklG4-qJqnIA7QrfBIZ2na3xdhVbUP]NewsBusted 8/13/13 - YouTube[/ame]

Hey buster, since you are a government employee, you are riding on my dollar. Your income damn well better go down. After all, you are just one of those suckass parasites according to your Teabaggers.

In the meantime, there are those of us whose incomes continue to go up, even in these times. Something about working for a private employer who has the freedom to award those that increase the bottom line. Good ol' capitalism at work, ain't it great? So why don't you get a real job, Mud?