If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Slate)   U.S. budget deficit at its lowest in five years. Alan Simpson inconsolable   (slate.com) divider line 248
    More: Spiffy, debt limit, U.S., deficits, fiscal years  
•       •       •

1459 clicks; posted to Politics » on 31 Oct 2013 at 9:49 AM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



248 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all
 
2013-10-31 09:07:28 AM
Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.
 
2013-10-31 09:13:37 AM

RexTalionis: Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.


BUT it's still a huge problem so we HAVE to cut spending, because the debt is a large number!
 
2013-10-31 09:32:59 AM
The GOP has ushered in an era of debt shrinkedness with their obstructionism grinding government to a slow lurch, preventing 0bigspenda from mortgaging our children's future. Thank you Ted Cruz. Curz Control 2016!
 
jbc [TotalFark]
2013-10-31 09:45:12 AM
Which under GOP logic means it's now time for tax cuts.
 
2013-10-31 09:51:09 AM
turns out when you drunkenly cut spending across the board you spend less

who knew
 
2013-10-31 09:51:56 AM
The shutdown worked!
 
2013-10-31 09:52:05 AM

jbc: Which under GOP logic means it's now time for tax cuts.


Let's just send out some hundred dollar checks to everybody.
 
2013-10-31 09:52:39 AM

sprawl15: turns out when you drunkenly cut spending across the board you spend less

who knew


And yet, strangely enough, the economy seems to be kind of sluggish and unemployment is still high. Huh.

/grumble grumble
 
2013-10-31 09:53:07 AM

Summoner101: The shutdown worked!


SLIMDOWN!
 
2013-10-31 09:53:51 AM
I'd like to thank President Barack Hussein Obama for his fiscal stewardship.
 
2013-10-31 09:54:01 AM
I was gonna cut spending, but then I took Obamacare to the knee.
 
2013-10-31 09:54:10 AM
We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.
 
2013-10-31 09:54:18 AM
As some one who has seen significant project impacts due to DOD sequestration and then the shutdown, I've gotta say, not all that awesome...
 
2013-10-31 09:54:56 AM

RexTalionis: Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.


What if........Benghazi happened BECAUSE of Obamacare?
 
2013-10-31 09:56:07 AM

sprawl15: turns out when you drunkenly cut spending across the board you spend less


"The Treasury Department said in a statement that higher taxes accounted for 80 percent of the reduction."

Turns out when you raise taxes your raise revenue.
 
2013-10-31 09:56:13 AM
Snoopy Snoopy Poop Dog.

That is all.
 
2013-10-31 09:57:12 AM

NeverDrunk23: RexTalionis: Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.

What if........Benghazi happened BECAUSE of Obamacare?


rarerborealis.com
 
2013-10-31 09:57:18 AM

dwrash: We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.


Wake me up when our economic situation requires that.
 
2013-10-31 09:58:29 AM
Democrats will claim anything as an "accomplishment", even though Reagan proved that deficits do not matter.
 
2013-10-31 09:59:00 AM

NeverDrunk23: RexTalionis: Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.

What if........Benghazi happened BECAUSE of Obamacare?


RPG explosions are a pre-existing condition.
 
2013-10-31 09:59:17 AM

Dusk-You-n-Me: Turns out when you raise taxes your raise revenue.


The hell you say.
 
2013-10-31 09:59:23 AM

dwrash: We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.


So "quit hitting the tax cut button you chucklefarks" then?
 
2013-10-31 10:01:13 AM

Dusk-You-n-Me: sprawl15: turns out when you drunkenly cut spending across the board you spend less

"The Treasury Department said in a statement that higher taxes accounted for 80 percent of the reduction."

Turns out when you raise taxes your raise revenue.


That is blasphemy!  It must be based on liberal mathematical manipulation where you count what comes in and subtract what goes out.  I won't believe that until it has been unskewed and Reagonized
 
2013-10-31 10:01:40 AM
White House takes credit for shrinking the deficit in 3... 2... 1...
 
2013-10-31 10:01:48 AM
yea, and this isn't good.  I mean shiat, we can get rid of the deficit totally by dissolving  the union.  We have systemic problems that just aren't going away, and they take money to fix.


Forget being crucified on a cross of gold.  We're crucifying our self on a collective figment of imagination.  Money we owe ourselves.
 
2013-10-31 10:02:17 AM
Doesn't somebody owe the president a thank-you? *looks at Republicans and "libertarians"* A non-sarcastic one?
 
2013-10-31 10:02:41 AM

Biff_Steel: Dusk-You-n-Me: Turns out when you raise taxes your raise revenue.

The hell you say.


Next thing you will say if you cut taxes you decrease revenue or something.  Kids these days
 
2013-10-31 10:02:52 AM

Dusk-You-n-Me: sprawl15: turns out when you drunkenly cut spending across the board you spend less

"The Treasury Department said in a statement that higher taxes accounted for 80 percent of the reduction."

Turns out when you raise taxes your raise revenue.


ok
 
2013-10-31 10:02:59 AM

dwrash: We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.


While we shouldn't be going further in debt, many would argue that paying off the debt is much like collecting up and burning money. Possibly something you want to do if inflation starts picking up, but it doesn't help the economy and reduces the total monetary flow.
 
2013-10-31 10:03:35 AM

EyeballKid: Doesn't somebody owe the president a thank-you? *looks at Republicans and "libertarians"* A non-sarcastic one?


Apparently not

GoldSpider: White House takes credit for shrinking the deficit in 3... 2... 1...

 
2013-10-31 10:05:38 AM

Dimensio: Democrats will claim anything as an "accomplishment", even though Reagan proved that deficits do not matter when a Republican President is in office.


FTFE
 
2013-10-31 10:09:07 AM

GoldSpider: White House takes credit for shrinking the deficit in 3... 2... 1...


If its true, as the Treasury Department states, that higher taxes accounted for 80 percent of the reduction, then why would you want Republicans to take any credit for it? That would automatically make them RINOs in dire need of primaries to save America.
 
2013-10-31 10:10:52 AM
Won't matter.

I'll get a FW:FW:FW:FW:FW:FW: that Obama has exploded the deficit from my crazy relatives.

Or I would, if I had given them my email address.
 
2013-10-31 10:13:12 AM
Oh, so that's what the left side of the Laffer curve means.
 
2013-10-31 10:14:35 AM
Thanks Obama!
 
2013-10-31 10:14:44 AM

max_pooper: dwrash: We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.

Wake me up when our economic situation requires that.


I has for decades and we are just kicking the can down the road and making it worse each time we have a recession.

As you progressives seem to conviently forget while tauting Keynsian economics.. it is VITAL that you pay off the debt between recessions... something that our politicians seem to be unable to do because both sides are so beholding to their donors.

Personally, I'd like to see all elections funded by tax payer money and divided equally among candidates and make fund raising a criminal offense.
 
2013-10-31 10:16:21 AM

dwrash: it is VITAL that you pay off the debt between recessions... something that our politicians seem to be unable to do


"our politicians" = six years of a GOP House, Senate, and Presidency.
 
2013-10-31 10:16:50 AM

Somacandra: GoldSpider: White House takes credit for shrinking the deficit in 3... 2... 1...

If its true, as the Treasury Department states, that higher taxes accounted for 80 percent of the reduction, then why would you want Republicans to take any credit for it? That would automatically make them RINOs in dire need of primaries to save America.


Higher taxes may be attributable to the general economic upswing since Obama took office.

I think there were a couple times when tax cuts sunsetted, but overall it's probably just economic.
 
2013-10-31 10:22:46 AM
This is no surprise given the duration of the recession.  It's been badidea town here.
 
2013-10-31 10:23:06 AM

Bareefer Obonghit: The GOP has ushered in an era of debt shrinkedness with their obstructionism grinding government to a slow lurch, preventing 0bigspenda from mortgaging our children's future. Thank you Ted Cruz. Curz Control 2016!


Except 80% of the reduction came from ... TAX INCREASES! Yes folks increasing taxes, increases revenues, and decreases deficit. This is not voodoo economics, this is real.
 
2013-10-31 10:27:55 AM

Barry Lyndon's Annuity Cheque: I think there were a couple times when tax cuts sunsetted, but overall it's probably just economic.


The way this Time article reads, higher tax rates are the bigger factor.

"Revenue jumped 13.3 percent to $2.77 trillion, reflecting a slightly better economy and higher tax rates. And government spending declined 2.4 percent to $3.45 trillion, in part because of across-the-board spending cuts that took effect in March."
 
2013-10-31 10:29:06 AM

RexTalionis: Didn't you hear? The GOP doesn't care about the deficit anymore. It's now all about Benghazi and Obamacare.


img.fark.net
 
2013-10-31 10:30:26 AM

Slaves2Darkness: Except 80% of the reduction came from ... TAX INCREASES! Yes folks increasing taxes, increases revenues, and decreases deficit. This is not voodoo economics, this is real.


I'm curious to see if Democrats own this fact as the 2014 campaign season ramps up.
 
2013-10-31 10:30:33 AM
So it is only the 5th or 6th largest budget deficit and is still close to twice the size of the deficits the current president thought was unsustainable when he originally ran for office?..... Wow good to know that is the case, we should take a smoke break now and forget about deficit reduction.
 
2013-10-31 10:32:20 AM

Saiga410: forget about deficit reduction.


Correct!
 
2013-10-31 10:35:55 AM
And if you don't compare it to pre-2008 deficits, that sounds good instead of marginally less horrific.
 
2013-10-31 10:36:53 AM

Bareefer Obonghit: The GOP has ushered in an era of debt shrinkedness with their obstructionism grinding government to a slow lurch, preventing 0bigspenda from mortgaging our children's future. Thank you Ted Cruz. Curz Control 2016!


thanks presidebt owebama


no really thanks
 
2013-10-31 10:37:30 AM

sprawl15: turns out when you drunkenly cut spending across the board you spend less

who knew


Except the article points out it was the tax increase to the biggest degree.
 
2013-10-31 10:39:53 AM

ex0du5: sprawl15: turns out when you drunkenly cut spending across the board you spend less

who knew

Except the article points out it was the tax increase to the biggest degree.


are you saying that tax increases caused less spending

because that makes no sense
 
2013-10-31 10:40:31 AM

dwrash: max_pooper: dwrash: We are still running in a deficit situation (spending more than we are bringing in)... wake me up when we are finally living within our means and actually paying down the debt.

Wake me up when our economic situation requires that.

I has for decades and we are just kicking the can down the road and making it worse each time we have a recession.

As you progressives seem to conviently forget while tauting Keynsian economics.. it is VITAL that you pay off the debt between recessions... something that our politicians seem to be unable to do because both sides are so beholding to their donors.

Personally, I'd like to see all elections funded by tax payer money and divided equally among candidates and make fund raising a criminal offense.


While this is correct, the time for paying down the debt is when the economy is in better shape.  While the economy isn't hemorrhaging jobs like it was after the recession of 2008, we are nowhere near where we would need to be to properly pay down the debt at this point.  Unless of course you believe that we need to do so on the backs of the poor (which is where we would have to go at this point to get any revenue, since the Republicans won't stop the subsidies and handouts they give to corporations and the ultra wealthy).

Yeah, if the economy was booming, I would agree with your statement.  But to say that we need to pay down the debt NOW when jobs are still scarce, just because the financial sector is making money hand over fist, is disingenuous at best and a load of bullshiat at worst.
 
Displayed 50 of 248 comments

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report