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  #1  
Old 10-08-2015, 09:52 AM
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Fionn mac Cumh Fionn mac Cumh is offline
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Budget deficit drops to $435B

http://news.yahoo.com/congressional-...-finance.html#

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The Congressional Budget Office report says it's the sixth consecutive drop in a row for the deficit, when measured against the size of the economy, since the $1.4 trillion deficit of Obama's first term
Liberal media? The CBO doesnt know squat? Whats to blame for his?
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Old 10-08-2015, 10:52 AM
shazeep shazeep is offline
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Re: Budget deficit drops to $435B

what's to blame for what?
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Old 10-08-2015, 11:28 AM
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Re: Budget deficit drops to $435B

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Originally Posted by shazeep View Post
what's to blame for what?
Well people will come with some lame reason to spin this as a bad thing.
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Old 10-08-2015, 01:56 PM
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Re: Budget deficit drops to $435B

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Originally Posted by Fionn mac Cumh View Post
Well people will come with some lame reason to spin this as a bad thing.
I'll spin it! The national debt is still large as ever.
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Old 10-08-2015, 01:57 PM
shazeep shazeep is offline
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Re: Budget deficit drops to $435B

ha, well, we could only wish. "Deficit reduction" actually means "deficit still growing, just not quite as quickly." In this case, "only" $435B has been added to the deficit. Plus years of recurring interest, of course.

and wadr i would say "artificial news" over "bad." My understanding is that the "National Debt" is purely a way to milk the populace for the interest upon it. All of the QE seems to reinforce that the money is imaginary anyway.

Last edited by shazeep; 10-08-2015 at 02:00 PM.
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Old 10-08-2015, 02:03 PM
Carl Carl is offline
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Re: Budget deficit drops to $435B

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Originally Posted by shazeep View Post
ha, well, we could only wish. "Deficit reduction" actually means "deficit still growing, just not quite as quickly."

and wadr i would say "artificial news" over "bad." My understanding is that the "National Debt" is purely a way to milk the populace for the interest upon it. All of the QE seems to reinforce that the money is imaginary anyway.
Right, and nothing to back it up other than the full faith and credit of the US gov. Which simply means they can borrow or collect taxes.
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Old 10-08-2015, 02:14 PM
shazeep shazeep is offline
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Re: Budget deficit drops to $435B

ya, or print their way out of it, apparently. What suckers ever allowed us to go off the silver standard, yikes.
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Old 10-08-2015, 06:19 PM
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Re: Budget deficit drops to $435B

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Originally Posted by Fionn mac Cumh View Post
http://news.yahoo.com/congressional-...-finance.html#



Liberal media? The CBO doesnt know squat? Whats to blame for his?
I know! And the unemployment rate is 5.1%. Things are really going great, it's just the day to day people don't realize it.
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Old 10-08-2015, 06:23 PM
shazeep shazeep is offline
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Re: Budget deficit drops to $435B

you are living inside a Ponzi scheme at the end, and pumping $trillions into the black hole, at zero interest, with no hope of escape, looked at from the perspective of empire. don't kid yourself. Get some Keiser.
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Old 10-09-2015, 05:51 AM
obriencp obriencp is offline
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Re: Budget deficit drops to $435B

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Originally Posted by Bowas View Post
I know! And the unemployment rate is 5.1%. Things are really going great, it's just the day to day people don't realize it.
isn't our national debt at over 18 TRILLION dollars?! And isn't our Debt/GDP ratio at 102%?! As a country we owe more than we make.

When BHO took over our debt was about 9 Trillion and our Debt/DGP ratio was about 65%... but things are going great :/
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