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(The New York Times)   The Federal deficit has fallen to the lowest levels since 2008. Thanks Obama   (nytimes.com) divider line 143
    More: Interesting  
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1221 clicks; posted to Politics » on 27 Feb 2014 at 5:34 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



143 Comments   (+0 »)
   
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2014-02-27 05:35:43 PM  
In that case, deficits don't matter again.
 
2014-02-27 05:39:49 PM  
Meanwhile, back in reality...
 
2014-02-27 05:40:03 PM  
Liberal math
 
2014-02-27 05:40:18 PM  
Fark Independentstmarriving to attribute this to the Republican House in 3... 2... 1...
 
2014-02-27 05:40:46 PM  

soseussme: In that case, deficits don't matter again.


And then there's the whole cracker-eating issue.
 
2014-02-27 05:40:54 PM  

Jodeo: Meanwhile, back in reality...


Can you explain the difference between debt and deficit?
 
2014-02-27 05:42:44 PM  
I couldn't even finish typing that some idiot was bound to come in and hilariously demonstrate not knowing the difference between the debt and the deficit.
 
2014-02-27 05:42:52 PM  

Bawdy George: Fark Independentstm arriving to attribute this to the Republican House Tea Party in 3... 2... 1...


FTFM
 
2014-02-27 05:43:14 PM  
Let's all enjoy a good ol' point and laugh session at the GOP math.
 
2014-02-27 05:45:59 PM  
Did the White House release these figures? If so, expect some major economic sodomy in the next few days.
 
2014-02-27 05:46:06 PM  

Jodeo: Meanwhile, back in reality...


the debt and the deficit are not the same thing.

i38.tinypic.com
 
2014-02-27 05:48:46 PM  

Opiate of the Lasses: I couldn't even finish typing that some idiot was bound to come in and hilariously demonstrate not knowing the difference between the debt and the deficit.


"The Treasury said that revenue climbed $324 billion to $2.8 trillion between 2012 and 2013. That is growth of around 12.9 percent, reflecting both higher income rates, including higher top marginal rates and the expiration of the payroll tax holiday, and a strengthening economy."

These facts and figures that indicate an economic upturn are no match for a derptard and his debt clock.
 
2014-02-27 05:49:12 PM  

Agneska: Did the White House release these figures?


God forbid you should read the very brief story before posting.
 
m00
2014-02-27 05:49:38 PM  
deadhomersociety.files.wordpress.com

"You know, sir, accidents decreased by exactly the number that Simpson himself is known or suspected to have caused last month, and our output level was just as high during Simpson's last vacation."
 
2014-02-27 05:52:53 PM  
Call me when we have a >$1 surplus.
 
2014-02-27 05:54:29 PM  
Whew, no fight this year over raising the deficit ceiling.
 
2014-02-27 05:57:34 PM  

HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.


the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.
 
2014-02-27 05:58:52 PM  

Cletus C.: Whew, no fight this year over raising the deficit ceiling.


Nope, election  year. You really don't want to be the party that crashes the economy during an election year.

What is really stupid about the debt ceiling is that President Obama gave the Republitards everything they could ever want twice and they still just could not stand to make a deal with a Democrat president. They could have even got entitlement cuts to Medicare, Social Security, and Medicaid, but just will not give anything in return. It is the most asinine thing I've ever seen in politics.

How any body can vote for a Republican I'll never know
 
2014-02-27 05:59:08 PM  

FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.


He shouldn't have done some of that.
 
2014-02-27 05:59:36 PM  

FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.


"Cut taxes for the wealthy"? Is this the same temporary tax cut that Obama just permanently extended 7/8ths of.
 
2014-02-27 06:00:01 PM  

HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.


I did in the late 90s, but your mom was changing your diaper.
/I don't care what age you were/are.
 
2014-02-27 06:00:11 PM  

FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.


Debt and deficits only matter when a Democrat is in office. It's in the Constitution.
 
2014-02-27 06:01:26 PM  

Debeo Summa Credo: FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.

"Cut taxes for the wealthy"? Is this the same temporary tax cut that Obama just permanently extended 7/8ths of.


No, it's the same temporary tax cut the Republicans in Congress just permanently extended 7/8ths of.

You realize our system of government involves more than the President doing whatever they want to, right?
 
2014-02-27 06:01:59 PM  
2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.
 
2014-02-27 06:02:15 PM  
Cue:

Teen kid freaking out over mom deleting his WOW account
 
2014-02-27 06:02:23 PM  

FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.


Nah, we never had that it was a projection and then Enron happened which popped the internet bubble which caused the recession of 2001 to which the Bush administration stimulated the economy which caused the housing bubble and that caused the market crash of 2008. The problem between 2002-2008 is you had too much money in the market chasing too little opportunity. We currently have the same conditions right now and it is scary as all get out, because there is not much more the Federal Reserve can do if the market crashes.

Don't believe then ask yourself why Facebook, Google, etc... are willing to pay billions hell tens of billions for stupid assed companies. It is because they have the money and have nothing else to do with the cash.
 
2014-02-27 06:02:56 PM  
Isn't a big contributor to this the sequestration cuts, which most people agree aren't sustainable?
 
2014-02-27 06:03:38 PM  

demaL-demaL-yeH: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

I did in the late 90s, but your mom was changing your diaper.
/I don't care what age you were/are.


That's not very nice, and I voted for Bill when your mom was changing my diapers.
 
2014-02-27 06:03:52 PM  

Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.


Except that 2003-2008 budget numbers were all Republican lies.
 
2014-02-27 06:04:27 PM  

m00: [deadhomersociety.files.wordpress.com image 512x384]

"You know, sir, accidents decreased by exactly the number that Simpson himself is known or suspected to have caused last month, and our output level was just as high during Simpson's last vacation."


So vote Homer
 
2014-02-27 06:06:51 PM  

Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.


Amazing what it does to the deficit when you put the wars on the books, eh?
 
2014-02-27 06:07:28 PM  
So how will we spend this windfall? I'd like a walk in humidor.
 
2014-02-27 06:07:34 PM  

Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.


You may wish to adjust your figures for the Iraq and Afghanistan wars being off the federal budget and paid out of "emergency funds" for the better part of a decade.  It explains some of that large jump from 2008 to 2009.
 
2014-02-27 06:08:50 PM  
Great, we ALMOST stopped the bleeding....
 
2014-02-27 06:09:24 PM  

Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.


During the Bush years, the wars were kept out of the budget.  The costs added to the debt but not the deficit.
 
2014-02-27 06:09:40 PM  

Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.


But that doesn't matter because reasons. The deficit is now lower than the astronomical one we had in 2009, therefore if you don't bow down and worship our Blue Team overlords for this magnificent achievement you must love George W. Bush and hate gay people or something.
 
2014-02-27 06:09:48 PM  
The highest corporate profit of all time was 46.55 billion dollars by Exxon in 2008.
This year the government will spend 19.3 times that over it's budget.  This is wacky and will lead to sorrow.
 
2014-02-27 06:11:23 PM  
Whatever. Just came to FARK to post this:
static.fjcdn.com

/no Brits watching Yahoo thread.
 
2014-02-27 06:11:30 PM  

mediablitz: Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.

Amazing what it does to the deficit when you put the wars on the books, eh?


Oh yeah forgot to add the part about how Bush lying about projected budgets back then somehow affects actual historical data now.

How did I miss that.
 
2014-02-27 06:12:27 PM  

mediablitz: Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.

Amazing what it does to the deficit when you put the wars on the books, eh?


Thanks, Obummer.
 
2014-02-27 06:17:42 PM  
So yay sequestration?
 
2014-02-27 06:18:05 PM  

HowDareYouCallMeAHoser: demaL-demaL-yeH: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

I did in the late 90s, but your mom was changing your diaper.
/I don't care what age you were/are.

That's not very nice, and I voted for Bill when your mom was changing my diapers.


You know better than to use that tone of voice with your uncle.
 
2014-02-27 06:18:21 PM  

chimp_ninja: Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.

You may wish to adjust your figures for the Iraq and Afghanistan wars being off the federal budget and paid out of "emergency funds" for the better part of a decade.  It explains some of that large jump from 2008 to 2009.


Anyone got "deficit" numbers for 2002-2008 with the cost of the wars added in?
 
2014-02-27 06:19:18 PM  

cptjeff: Debeo Summa Credo: FlashHarry: HowDareYouCallMeAHoser: Call me when we have a >$1 surplus.

the last time we had that, somebody cut taxes for the wealthy and put a couple of wars on the national credit card.

"Cut taxes for the wealthy"? Is this the same temporary tax cut that Obama just permanently extended 7/8ths of.

No, it's the same temporary tax cut the Republicans in Congress just permanently extended 7/8ths of.

You realize our system of government involves more than the President doing whatever they want to, right?


Fair enough point.

As much shiat as ill give the dems for being fiscally irresponsible, the GOP isn't much better.
 
2014-02-27 06:20:33 PM  
Look guys, pointing fingers is pointless.   It does not matter who's fault it is.
 It only matters what you can do about it.  Which is...what?
 
2014-02-27 06:23:50 PM  

Boloxor the Insipid: Look guys, pointing fingers is pointless.   It does not matter who's fault it is.
 It only matters what you can do about it.  Which is...what?


I like to know who is at fault. It influences who I vote for and give money to.
 
2014-02-27 06:26:19 PM  

Boloxor the Insipid: Look guys, pointing fingers is pointless.   It does not matter who's fault it is.
 It only matters what you can do about it.  Which is...what?


Pay for the war.  We have never been in a war and lowered taxes.  The bill is due.  Take taxes back to Clinton levels.
 
2014-02-27 06:27:40 PM  

Turfshoe: Liberal math


Also known as "math".
 
2014-02-27 06:27:55 PM  

rnld: Boloxor the Insipid: 2013 - $901 billion budget deficit (projected)
2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit
2008 - $455 billion budget deficit
2007 - $162 billion budget deficit

The deficit is lower than 2009, but the projected deficit 2 times higher than 2008 and   5.5 times higher than 2007.

So this is not actually that great.

During the Bush years, the wars were kept out of the budget.  The costs added to the debt but not the deficit.


Those numbers he posted are apples to apples. There were no war costs excluded from the 07 and 08 numbers that were included in later years.
 
2014-02-27 06:28:15 PM  

Jodeo: Meanwhile, back in reality...


Anyone else mentioned that you don't understand the difference between a deficit and debt?

static.comicvine.com
 
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