Deficit Falls to Lowest Level in 4 Years

Discussion in 'Economy' started by manu1959, Jan 12, 2007.

  1. manu1959
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    manu1959 Left Coast Isolationist

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    this can't be possible....bush is an idiot...tax cuts don't work....the war costs too much....

    http://www.breitbart.com/news/2007/01/12/D8MJU5901.html

    The Treasury said for December, the government actually ran a surplus of $44.5 billion, the largest surplus ever recorded in December and a gain that reflected a big jump in quarterly corporate tax payments.

    :clap2:
     
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  2. Annie
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    Annie Diamond Member

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    Good catch! I was just going to post the same. :eusa_whistle:
     
  3. jillian
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    jillian Princess Supporting Member

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    So he runs up a deficit, pays off a bit... and you're applauding him? There shouldn't be a deficit in the first place.

    Now... let's talk about the national debt. :rolleyes:
     
  4. manu1959
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    manu1959 Left Coast Isolationist

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    but there is a deficit are you upset that he is paying it down? do you want him to run it up higher? you act like you want america to go bk just so you can be right?

    rhetorical

    first tell me why was there a surplus? then tell me why the surplus became a deficit?

    then tell me how he is paying it down all the while paying out billions to fund a war and spend billions on katrina?

    and lastly, his plan seems to be working? what is yours? do the opposite?
     
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  5. red states rule
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    red states rule Senior Member

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    Any good news pisses off libs. Libs are not happy unless they are bitching about something. One thing libs have lived by for the last six years is do not, under any circimstances, give Pres Bush credit for anything.

    Dispite the fact libs ranted how these tax cuts, that has given us a booming economy and a record Dow Jones, would destroy the economy, cost millions of jobs, drain funding for "vital" government programs, and kill people when they could not obtain these "vital" government services.

    Like Pres Reagan, Pres Bush has served up a huge plate of crow for libs to dine on.

    Enjoy!!!!!
     
  6. eots
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    eots no fly list

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    July 18, 2005
    America's Truth Deficit
    By WILLIAM GREIDER
    Washington

    DURING the cold war, as the Soviet economic system slowly unraveled, internal reform was impossible because highly placed officials who recognized the systemic disorders could not talk about them honestly. The United States is now in an equivalent predicament. Its weakening position in the global trading system is obvious and ominous, yet leaders in politics, business, finance and the news media are not willing to discuss candidly what is happening and why. Instead, they recycle the usual bromides about the benefits of free trade and assurances that everything will work out for the best.

    Much like Soviet leaders, the American establishment is enthralled by utopian convictions - the market orthodoxy of free trade globalization. The United States is heading for yet another record trade deficit in 2005, possibly 25 percent larger than last year's. Our economy's international debt position - accumulated from many years of tolerating larger and larger trade deficits - began compounding ferociously in the last five years. Our net foreign indebtedness is now more than 25 percent of gross domestic product and at the current pace will reach 50 percent in four or five years .

    For years, elite opinion dismissed the buildup of foreign indebtedness as a trivial issue. Now that it is too large to deny, they concede the trend is "unsustainable." That's an economist's euphemism which means: things cannot go on like this, not without ugly consequences for American living standards. But why alarm the public? The authorities assure us timely policy adjustments will fix the matter
     
  7. manu1959
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    manu1959 Left Coast Isolationist

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    no worries grandma nancy is in charge now......she will raise taxes, withdraw troops...rasie the minimum wage and make evrything all better
     
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  8. Annie
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    Annie Diamond Member

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    This is the last link I'm 'giving you-from now on; unsourced cut and paste will be deleted:

    http://www.commondreams.org/views05/0718-26.htm
     
  9. red states rule
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    red states rule Senior Member

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    Libs cannot handle good news. They spread bad news like a virus and live their lives looking for bad news

    The liberal media will igniore this story as they do anything that blows their doom and gloom message to pieces

    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?
    http://newsbusters.org/node/10133
     
  10. Hamiltonian
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    The good news is the deficit was decreasing and hitting all time lows. The bad news is now it is supposed to start increasing again. The article you listed cites the expected deficit to increase by $40-90 billion based on projections, which amounts to roughly a 15-30% increase. More good news is that those projections could change to be more favorable.
     

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