federal deficit hits five year low

[Truthmatters]

The republican party is NOT the fiscal party and has not been that for many many years

 

[CrusaderFrank]

Obama cuts were: following Bush withdrawal from Iraq and the US Manned space program

 

[deltex1]

Federal deficit hits 5-year low, but cuts drag economy - chicagotribune.com


one more con lie that no one will believe anymore is dead.

That's what the world looks like when you look thru the wrong end of the telescope.

 

[TNHarley]

Sometimes I think, not only are you a drunk, you are on some kind of speed as well... Crack? Crank? A lot of Coke? WTF is your deal?

coffee with french vanilla


My brain wakes up ready to roll

My buddy used to call crack french vanilla

 

[Truthmatters]

that must be the same friend you get your "facts" from

 

[Truthmatters]

Not in Michigan.


It's easy to cherry pick areas.

Housing is limited in California because foreigners are pouring in buying up the supply. Mostly Russians, Chinese and Iranians. Malibu isn't shy about saying it wants to be the new Russian Riviera. In Orange County, the Chinese are buying properties by the dozens.

And very low interest rates, are the main reason houses are selling.

No-money-down mortgages are back

Some affluent buyers are getting the keys to their new home without putting a penny down. It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They’re almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral—the house and a portion of the client’s investment portfolio in lieu of a traditional cash down payment. 1:25 p.m. Feb. 1, 2013

Home Buying, Home Selling, Mortgages, Real Estate Investing

and whos getting them?

 

[Truthmatters]

Here in southern Florida the housing market sucks balls.....again Truthnevermatters is full of shit.

the bloomberg link disaagrees with you.

 

[TNHarley]

that must be the same friend you get your "facts" from

Na, we quit hanging out. He is a fuckin crackhead

 

[Truthmatters]

Federal deficit hits 5-year low, but cuts drag economy - chicagotribune.com


one more con lie that no one will believe anymore is dead.

That's what the world looks like when you look thru the wrong end of the telescope.

then stop looking through a backwards telescope

 

[peach174]

Filibustering is legal.
Not passing the budget is against the law.
The Senate has held it's lead with the Dem's since 2009. The senate will not deal with any budget, be it President Obama's or the House budget.
It is not because of filibustering.

You cannot filibuster a budget resolution in the Senate, because the Budget Act provides special rules for consideration of a budget resolution, including a time limit on debate. So the Senate can pass a resolution with only a majority vote.

 

[Sallow]

At the same time, the nation's debt load is expected to fluctuate but ultimately rise to record levels this decade,

"The projected path of the federal budget remains a significant concern," the CBO wrote.

It was out of control TM. Cutting 300 billion. That is A LOT to cut. On top of that, the fucker is urging a delay of cuts...

Well most of the cuts are happening in the military sector..and would lead to massive layoffs.

Not that I think that's a bad thing. It's a bit to drastic..however.

In any case..this puts a kibosh on the conservative meme..that Obama is a "spender".

Quite the contrary..

 

[Truthmatters]

then why did your guys filibuster to keep any budget from passing?

 

[Sallow]

I wont let you ignore this fact.

LOL, fer sure us people living under this administration and doing the suffering (8% unemployment, over $3 for a gallon of gas, food prices through the roof, etc) don't know what is happening, just the Chicago Tribune does

And your beef with that is what?

 

[Sallow]

From the link:

WASHINGTON -- The federal deficit will drop to less than $1 trillion for the first time in five years, but massive spending cuts that have improved the budget outlook are also slowing the economy, according to a report released Tuesday by the Congressional Budget office.

The nonpartisan arbiter of federal budgets said the combination of new tax revenue from the "fiscal cliff" deal as well as looming cuts that kick in March 1 will push the deficit down to $845 billion for fiscal 2013. Deficits have topped $1 trillion in recent years.

In other words, it hasn't happened yet. My money is firmly on that those supposed cuts never happen. Just like they didnt happen over the so called fiscal cliff.

But this is a TM thread, so of course it's a big fat fucking lie.

No lie at all.

One way or the other..there either will be cuts..or a package to cut and increase revenue.

 

[Truthmatters]

that must be the same friend you get your "facts" from

Na, we quit hanging out. He is a fuckin crackhead

he wouldnt share with you anymore huh

 

[TNHarley]

that must be the same friend you get your "facts" from

Na, we quit hanging out. He is a fuckin crackhead

he wouldnt share with you anymore huh

No, he kept running out. His stash kept getting stolen by some fat bitch named TM, to be used as a dietry supplement

 

[Truthmatters]

Na, we quit hanging out. He is a fuckin crackhead

he wouldnt share with you anymore huh

No, he kept running out. His stash kept getting stolen by some fat bitch named TM, to be used as a dietry supplement

Obama has NOT been on a massive spending spree bankrupting the country.


all your lies mean nothing but that you are a liar

 

[TakeAStepBack]

From the link:

WASHINGTON -- The federal deficit will drop to less than $1 trillion for the first time in five years, but massive spending cuts that have improved the budget outlook are also slowing the economy, according to a report released Tuesday by the Congressional Budget office.

The nonpartisan arbiter of federal budgets said the combination of new tax revenue from the "fiscal cliff" deal as well as looming cuts that kick in March 1 will push the deficit down to $845 billion for fiscal 2013. Deficits have topped $1 trillion in recent years.

In other words, it hasn't happened yet. My money is firmly on that those supposed cuts never happen. Just like they didnt happen over the so called fiscal cliff.

But this is a TM thread, so of course it's a big fat fucking lie.

No lie at all.

One way or the other..there either will be cuts..or a package to cut and increase revenue.

In other words, another tax increase.

You guys are nothing if not completely predictable. There will be no cuts in spending in March. That can will get kicked down the road like it always does. However, you might be right. Maybe a deal will come through to tax us even further to continue the spending.

Thanks, rent seekers and their sycophants.

 

[Truthmatters]

our best times in this country were when the top tax rates were 70% and above

 

[peach174]

US Deficit Chart United States 2007-2017 - Federal State Local Data

The Deficit is different from the Debt TM.
The Deficit is what the government takes in. All taxes collected.
The Debt is what government spends. Government is still borrowing.
Debt is continuing to rise.

Government Debt Chart: United States 1997-2017 - Federal State Local Data

We have a Budget deficit, which is the opposite of a Budget surplus.
We don't need the Deficit to go down we need it to go up.
We need to get the Debt down.
We can not afford to keep spending more than we take in TM.

You either raise taxes or cut goverment spending.