Deficit falls to $680 billion, less than half what it was 4 years ago.

Gee, I think the word "implication" you used is the defining spin bull(*)(*)(*)(*) used by O-bots. It was a bald face lie, not an implication, but a fact.

im·pli·ca·tion
ˌimpliˈkāSHən/Submit
noun
1.
the conclusion that can be drawn from something, although it is not explicitly stated.
"the implication is that no one person at the bank is responsible"
synonyms: suggestion, insinuation, innuendo, hint, intimation, imputation More
a likely consequence of something.
"a victory that had important political implications"
synonyms: consequence, result, ramification, repercussion, reverberation, effect, significance More
2.
the action or state of being involved in something.
"our implication in the problems"

 

Has anyone noticed how libs will blame the sequester on republicans but take credit for deficit reduction? LOL! The sequester is one of the reasons the deficit has been reduced. Their silly games make me giggle.

 

I mentioned this earlier, and all I got from the progressive left was....no way!

The fact that the republicans have extremely limited the purse strings for the liar in the white house is exactly what has brought the deficit down.

 

I did notice how cons will blame Obama for the sequester but then take credit for the deficit reduction. LOL!

 

Too bad you don't make fact filled and power packed posts like mine. LOL!

 

LOL!

........

 

The only thing you have proven is your ignorance on what is actually happening in the real world.

 

Says the guy that regurgitates everything said in conservative news outlets.

 

Taxcutter, you have to realize that the brainless left is never wrong. They will stretch the truth, and ignore facts to support their point. They ignore that the $1.4T Deficit in the 2009 included $700B of TARP. They ignore that that number was actually capped at $475B in 2010, and that $371B has been has been returned to the program. That means that the outstanding balance of the TARP is $104B. So, if you take $700B and subtract the $104B outstanding balance, you get a return of $596B. That reduces the amount of the actual 2009 deficit of $817B. But the left does not want to count what has been paid back. Why? Because that would point out that the Obama Administration has counted those repayments as reductions in the rate of increase of the National Debt.

http://projects.propublica.org/bailout/main/summary

There is another thing that the left seems to ignore. The reductions in the spending were the results the Sequestration that they blamed on the GOP. You might recall that they claimed that the cuts would cause the country to fall back into recession. This topic proves that the left was wrong, and that they are willing to take credit for anything positive. Even those things they blamed on the GOP. That is what you call spin politics.

 

sorry to disappoint you but I don't read the Conservative News outlets. The fact that Congress can't even audit the Federal Reserve bank has been an on going fight for decades, but from the sounds of it I don't believe you are aware of that fact.

 

They don't need to.. the reserve is appointed and are the experts in the monetary policy, not Congress.

How is that relevant anyway? It doesn't change how our system works.

 

A big part of why the deficit is down this year....is because of the Sequester, which Obama was against. Kind of makes one wonder why it is he's going around taking any credit for the lower deficit. There's also a boom in shale and oil revenues......and again, Obama's not done anything there to help in that area either. That's being done.....in spite of Obama's dislike of that particular industry. But it IS good that the deficit is finally moving in the right direction down.

 

Why? Do you have any evidence to back that up?

The sequester is a pi$$ poor policy.

 

lol, cause Bush kept the war off the books, Obama added it to the books

 

This may be what the Obama admin is reporting, but can anyone believe proven liars??????

 

"...you have to realize that the brainless left is never wrong."

Taxcutter says:
They certainly think so.

They must hate Harry Truman.

 

"...Obama added it to the books..."


Taxcutter says:
Nobody with an IQ above single digits believes Hussein Obama.

 

The federal government's latest annual deficit is the smallest it's been since 2008, according to Treasury Department data released Wednesday.

At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion.

 

When did the second derivative of the deficit/surplus curve turn negative?

It was a Democratic congress and a Democratic president that put in place the tax rates that grew revenues faster than expenses, and resulted in falling deficits and eventually surpluses.
It was a Republican Congress, and a Republican president that reversed that trend, and allowed the economy to experience the greatest collapse since 1930.

Please accept reality, and then make your arguments around it, because this delusional spouting doesn't help your argument.

 

Republicans believe in starving the beast... as in destroying the government through cuts cuts cuts. It doesn't work.

 

I've heard that before. It seems you are referring to the fact that OIF/OEF funds were appropriated as special appropriations outside the regular budget process. But those funds always counted towards expenditures in that particular fiscal year, even though they weren't in the proposed yearly budget, just like any other funds that are appropriated in the fiscal year after the budget is approved. Those funds were never, "off the books."

 

I'm not a Republican, but of those I know, they have little concern over the size of the government...their primary concern is creating a government which can be funded without long-term continued deficit spending and accumulating debt...in other words 'fiscal responsibility'. There is certainly something wrong with the thinking that government can grow and grow with zero regard in funding that government which is how we operate today. There is $500 billion or greater deficit spending every single year in Obama's budget going out ten years to 2023! And even these 'small' deficits are grossly understated since Obama shows dynamic GDP growth during this same period which in reality will not happen...therefore the deficits will be larger than Obama is forecasting. It's one thing to politically believe today the US economy is too weak to properly fund government and stop deficit spending...but Obama is indicating the economy remains too weak for the next ten years to slow deficit spending while in parallel he forecasts unprecedented GDP growth. IMO the nation needs to grow up! It is BS for Americans to demand everything from their government yet are unwilling to fund their demands...it is not sustainable...

 

Cutting tax revenue further certainly wouldn't help the problem. We need to do the opposite.

 

How about cutting 1% from expenditures every year and/or increasing tax receipts by 1%...for six years?

 

Of course you can increase revenues or cut spending or some combination of the two.