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(National Review)   Psst, the deficit's shrinking   (nationalreview.com) divider line 654
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34930 clicks; posted to Main » on 17 Jan 2005 at 9:11 PM (9 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2005-01-17 04:32:07 PM
OMG!!!!!

You definitely won't hear this on mainstream media.
 
2005-01-17 04:36:21 PM
Yay! Only $355 billion to go!

Whoops. They didn't include Iraq in the budget. Sorry. Never mind.
 
2005-01-17 04:38:17 PM
This is utter statistical bullshiat. Last month saw the single largest trade deficit in history.
 
2005-01-17 04:39:16 PM
(This article is about budget deficit, not trade deficit).
 
2005-01-17 04:42:31 PM
WTF? This year's super-inflated, out of control deficit spending is slightly less that last years? What's this guy been smoking? Deficit spending is still deficit spending, and it's really bad when the party that's responsible for it is supposed to be the party of fiscal responsibility.
 
2005-01-17 04:42:51 PM
wow guys, my finances are great!

i make $50,000 a year after taxes.

in 2003 i spent $75,000 & took out a personal loan for the rest.

in 2004 i spent $74,000.

in 2005 i plan to spend $70,000 - that's a 5.4% cut! wooooo!

/wishes he made $50,000 after taxes.
 
2005-01-17 04:44:23 PM
Talking about the 2005 deficit in the first month of the year...
 
2005-01-17 04:46:27 PM

no Cyclometh, he's talking about a trend in 2004 into 2005.

well played bulldg

 
2005-01-17 04:47:47 PM
2005-01-17 04:44:00 PM bulldg4life [TotalFark]

Oil is a problem?..I, for one, like clean water, food, heat.
 
2005-01-17 04:48:19 PM
vegasj

"At this pace, the 2005 deficit is on track to drop to $355 billion..."

I stand by what I said. He's making predictions for the 2005 deficit when we're still only in the first month of 2005.
 
2005-01-17 04:48:34 PM
oh I get it...hahahaa...good one.
 
2005-01-17 04:48:54 PM
Gary

Good for you. I do too. However, I can bet there are millions of people that would be pissed to find out that's pretty much the only reason to go to war in Iraq.
 
2005-01-17 04:49:08 PM
Behind this really big budget story is the even-bigger story: The explosion in tax revenues has been prompted by the tax-cut-led economic growth of the past eighteen months.

With 50 percent cash-bonus expensing for the purchase of plant and equipment, productivity-driven corporate profits ranging around 20 percent have generated a 45 percent rise in business taxes.


There's something else you won't see on the mainstream news, either.
 
2005-01-17 04:49:47 PM
PC LOAD

hahahaha

If this gets greenlit, that would be awesome.

Not really...
 
2005-01-17 04:50:52 PM
well..those people need to wake up and smell the coffee. Oil is a national security interest and we're gonna go get while there's still some to get.

After that all hell is going to break loose.

/peak oil nut
 
2005-01-17 04:51:01 PM
PC

I can't really tell if you are trying to go back at me or not. But, since I don't really like either sides, I'll assume you failed in trying to get me riled up.
 
2005-01-17 04:52:09 PM
GaryPDX:

well..those people need to wake up and smell the coffee. Oil is a national security interest and we're gonna go get while there's still some to get.

Agreed. However, you'll always have people that won't realize the true need for it. Plus, there's always going to be the american life quotient that some people just won't want to sacrifice, no matter what.
 
2005-01-17 04:52:26 PM
it's not a tax cut if the federal government has to borrow to fund it. we have to pay the money back with interest - it's a tax increase.
 
2005-01-17 04:52:34 PM
Maybe I'm reading it wrong, but isn't it saying something to the effect of:

Last year's deficit, for that year, was $X billion. Making the total defictit $eleventy billion + $X billion. This years deficit, for this year, will be $X billion - $11 billion. Making the total deficit $eleventy billion + ($X billion) + ($X billion -$11 billion)
 
2005-01-17 04:54:12 PM
Bowen: it's a tax increase.

That's a new one.
 
2005-01-17 04:54:37 PM
The retirement of a generation of baby boomers may mess this projection up.

We'll have to wait and see on this one.

/not a tax-cut fan but ill keep an open mind
 
2005-01-17 04:55:19 PM
Gecko

Do the colors make it easier to agree with your concept or something?
 
2005-01-17 04:56:21 PM
GraphicAddiction: That's a new one.

tell me where the money to repay the bonds will come from.
 
2005-01-17 04:56:39 PM
Sweet! We've got enlarged comments and colors!!

PRETTY!!
 
2005-01-17 04:57:58 PM
James Kramer and Larry Kudlow have zero cred.
 
2005-01-17 04:58:23 PM
In the longrun it will be a tax increase.
But who cares?! That's the future! Fark the children!
 
2005-01-17 04:59:07 PM
2005-01-17 04:52:09 PM bulldg4life [TotalFark]

GaryPDX:

well..those people need to wake up and smell the coffee. Oil is a national security interest and we're gonna go get while there's still some to get.

Agreed. However, you'll always have people that won't realize the true need for it. Plus, there's always going to be the american life quotient that some people just won't want to sacrifice, no matter what.


yea, I think when the water stops coming out of the faucet, no gas at the pump and no food at the grocery store, most of them will have a huge DUHH look on their face.

/talk about wake up call
 
2005-01-17 05:00:37 PM
Crow 'bout shrinkage's bonanza?
All in all most un-Cosatanza



Cigars are sometimes just cigars
But other times other things are.
 
2005-01-17 05:01:26 PM
pst, the deficits shrinking

Christ, I hope so.
 
2005-01-17 05:01:37 PM
Bowen: tell me where the money to repay the bonds will come from.

From a stronger economy that isn't about to tank.
 
2005-01-17 05:03:31 PM
Unreal.

I cannot believe that anyone would have the audacity to play the "media won't report this" card on such ridiculous math.

You don't compare someone against themselves. You don't say Bush desevers praise because he is slightly less a fark up than he was.

That's like praising a rapist because he raped two fewer people this year. You don't compare him against himself, you compare him against people that don't, say, rape at all.

How's he doing compared to Clinton's deficit? The one he inherited?

What a great scam. Set the bar for yourself so low that a semi-retarded crack whore could do better. Then expect praise simply because you are throwingup on yourself a little less.

Boy, people are reaching like hell to find anything good about this administration.

New slogan: "We suck a little bit less than we used to!"
 
2005-01-17 05:04:50 PM
New slogan: It doesn't matter what happens that's good! We'll always remind you of what has happened in the past that's bad.
 
2005-01-17 05:08:57 PM
GraphicAddiction:

It doesn't matter what happens that's good! We'll always remind you of what has happened in the past that's bad.

Women have been using that for years
 
2005-01-17 05:09:03 PM
You can spin it all you want, but when you have more money coming IN (taxes) than going OUT (spending), it's a GOOD thing. You want to improve on that? Reduce the spending and leave taxes alone.
 
2005-01-17 05:09:15 PM
Tell me about it.
 
2005-01-17 05:10:48 PM
curlinggod: Reduce the spending

That sounds like an idea that Republicans used to have. Ah, the good old days.
 
2005-01-17 05:11:48 PM
I'm surprised, graphic that you wouldn't also feel that enormous overspending is bad.

And my point is not about the past. My point, which I think you missed is:

It is NOT good. It is still not good. Not the past, the present. The present deficit is bad.

The fact that it is slighty less bad, doesn not make it good.

And you are not one to fall for such blatant manipulations. So I am surprised that you are. If this article was the concept applied to any area of life other than the Bush administration, you would be the first to point out how absurd it is to praise someone for not sucking as much.
 
2005-01-17 05:12:05 PM
2wheeljunkie: Ah, the good old days.

Yeah, just like Reagan.
 
2005-01-17 05:13:59 PM
bulldg4life: Do the colors make it easier to agree with your concept or something?

Does that mean you do agree with my concept?

/Just trying to make it easier to follow which year's deficit was which.
//Still don't know if I read it right.
 
2005-01-17 05:14:08 PM
Um, DurlingGod

The only spin going on is that article. I find it ironic that you would call the reponses here "spin" when this article is ENTIRELY spin.

You do not have "more money coming in than going out."

Otherwise, "At this pace, the 2005 deficit is on track to drop to $355 billion from $413 billion in fiscal year 2004." wouldn't be true, would it?

Can you explain that?
 
2005-01-17 05:14:47 PM
Hey, I'm in here joking around. The only statement I made was the major news wouldn't say anything like you find in this article.

I don't remember giving a reason why.

I think sometimes biatching when things begin to take a turn is lousy karma.
 
2005-01-17 05:14:58 PM
As a fraction of projected gross domestic product, the new-year deficit will descend to 2.9 percent compared with last years deficit share of 3.6 percent.

Are you farking kidding me? A Deficit that is roughly 3% of gross income?

I would love to see that in perspective of the rest of the Presidents... I would love to see that as my own personal balance sheet.
 
2005-01-17 05:15:05 PM
GraphicAddiction: Yeah, just like Reagan.

bwhahahahahahah

curlinggod: You want to improve on that? Reduce the spending and leave taxes alone.

fark Common Sense. fark it right in its ear
 
2005-01-17 05:15:05 PM
Oops. I meant, curlinggod.
 
2005-01-17 05:15:40 PM
GraphicAddiction:

Hey, I'm in here joking around. The only statement I made was the major news wouldn't say anything like you find in this article.

Me too. I just thought my Boobies would be kinda funny
 
2005-01-17 05:16:09 PM
Once again...good news is bad...or unpossible...


Heh!
 
2005-01-17 05:17:31 PM
curlinggod
"Are you farking kidding me? A Deficit that is roughly 3% of gross income?
I would love to see that in perspective of the rest of the Presidents... I would love to see that as my own personal balance sheet."

You could if you like, but it will make Bush look very, very bad, I promise you.

And:

"Reduce the spending and leave taxes alone."

Fine by me. My only probelem is reducing taxes WITHOUT cutting spending, which is what we have now. You can't have both.
 
2005-01-17 05:19:20 PM
I think bulldg4life's Boobies are hilarious.
 
2005-01-17 05:19:58 PM
If I remember correctly, the fiscal year for the government started in October, so we are actually a quarter of the way through.
 
2005-01-17 05:20:15 PM
GaryPDX: I think bulldg4life's Boobies are hilarious.

I wouldn't say hilarious. But, farking amazing could cover it.
 
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