US Deficit Drops By a Third

[Sgt Schultz]

From newsbusters.org
The deficit through the first three months of the current fiscal year is almost $39 billion, or 32.7% lower than last year's comparable figure. Receipts are up a bit over 8%, as the supply-side tax cuts continue their "magic." The real surprise is that outlays have barely budged, actually going up at a rate that is substantially lower than inflation (Psst -- Don't tell Congress that). Will the media notice?

SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT

[Lqskdiver]

I can see the headlines now.

"Since the Democratic Congress took over, the deficit has gone down...."

[Sgt Schultz]

Originally posted by Lqskdiver
I can see the headlines now.

"Since the Democratic Congress took over, the deficit has gone down...."

YAHTZEE!

[LoungeMachine]

newsbusters.org????????????????

ROTFLMMFAO

Why not just quote liberalsSuck.com ?

I'll believe it when 2 things happen...

1. AP and / or Reuters picks it up...

2. Tony SnowJob cites these numbers during Monday's briefing


This just in...

moveon.org has announced Bush kills kittens daily

[LoungeMachine]

Originally posted by Lqskdiver
I can see the headlines now.

"Since the Democratic Congress took over, the deficit has gone down...."

Makes as much sense as you guys blaming Clinton for 9/11

[stringfelowhawk]

moveon.org has announced Bush kills kittens daily

I bet Joss Whedon's pissed. Thats even a big no no in the "Buffyverse"...


Yeah, if you didn't watch it you won't get it!

[Nitro Express]

You can throw any figure out you want but the truth is this. The govt. does not count the Social Security, Medicare, Medicade, or Govt. Employee Pension liabilities. Without these liabilites counted the Bush Administration says our national deficite is $3 Billion. Add in the uncounted liabilities and the deficite balloons to $3 Trillion.

The govt. also doesn not count the cost of fuel, housing, energy, or food in their inflation calculation. So theres no inflation if you don't drive, eat, or buy a home.

Give me a fucking break! The big problem is when the baby boomers start retiring and the govt. needs to cover those Social Security and Govt. Pension liabilites. The money simply isn't there.

Right now, the govt. is adding $1 Trillion to the deficite every 14 months. Which makes us the uncontested record holder when debt is concerned.

[Nickdfresh]

BTW, who created the deficits?

[knuckleboner]

Originally posted by Nickdfresh
BTW, who created the deficits?

not really the point.

the real point should be:

should republicans be happy that the amount of NEW debt that the country is incurring is a bit lower than the debt they incurred last year?

it's still incurring ADDITIONAL debt.

and that's a good thing?

[Warham]

Liberals want to provide health care benefits to all illegal immigrants. That'll add to that deficit.

[Nitro Express]

The deficit started when Nixon took us off the gold standard so he could print more money to pay for the Vietnam war. The govt. spending ballooned after that but we didn't care because foriegn investors were happy to buy our debt.

That's changing now.

[knuckleboner]

Originally posted by Warham
Liberals want to provide health care benefits to all illegal immigrants. That'll add to that deficit.

only if it doesn't simultaneously lower the cost of emergency room visits.

[Guitar Shark]

Originally posted by Warham
Liberals want to provide health care benefits to all illegal immigrants. That'll add to that deficit.

When did Arnold Schwarzenegger become a liberal?

In any case, this thread is talking about the federal budget deficit...

[LoungeMachine]

Don't expect WarPIG to understand the subtle nuances of a THREAD TOPIC, counselor......

[Warham]

Originally posted by Guitar Shark
When did Arnold Schwarzenegger become a liberal?

When he decided to be a 'centrist'.