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Title: Obamanomics: U.S. deficit up 15.7% in first half of fiscal 2011
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URL Source: http://www.google.com/hostednews/af ... 51497966fd4c6461748e63e3ee.921
Published: Apr 12, 2011
Author: afp
Post Date: 2011-04-12 17:59:01 by Happy Quanzaa
Keywords: Obamanomics in Action, Obama-doma-ding-dong, Obamatuer Hour
Views: 190019
Comments: 215
(AFP) – 2 hours ago WASHINGTON — The US budget deficit shot up 15.7 percent in the first six months of fiscal 2011, the Treasury Department said Wednesday as political knives were being sharpened for a new budget battle. The Treasury reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9 percent as the economic recovery slowly gained pace. The Treasury argued that the pace of increase in the deficit was deceptive because of large one-off reductions in expenditures made during the first half of fiscal 2010, compared with previous and subsequent periods. Those included a $115 billion reduction in funds spent on the Troubled Asset Relief Program (TARP) -- the financial institution bailout program -- in March 2010. But 2011 so far has also seen significant increases in spending on defense, Social Security, health and debt service, while receipts have not grown as fast. "The jump in outlays mostly owed to a smaller estimated reduction in TARP outlays this year versus 2010," said Theresa Chen at Barclays Capital Research. However, she said, the trend shows that taxable income is rising at a 6.9 percent annual pace, and individual incomes taxes are up 20.6 percent, "consistent with general economic improvement." The figures came amid a sharp, politically partisan battle in Washington over cutting spending and raising taxes, with President Barack Obama preparing Wednesday to release his plan for reducing the long-term deficit. He also faces a looming battle over increasing the country's official debt ceiling, so that the government can continue to borrow to finance the deficit.
US deficit up 15.7% in first half of fiscal 2011
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#158. To: Liberator (#157)
(Edited)
You may want to review the "U.S.-Iraq Status of Forces Agreement" negotiated by the Bush administration and the Iraqi government in 2008. It calls for all U.S. troops to leave Iraq by the end of 2011. As of now, there are about 40,000 U.S. troops left in Iraq. Several high-profile Democrats have sharply criticized Obama, along with liberal bloggers and pundits. Examples include Reps. Jerrold Nadler (N.Y.), Donna Edwards (Md.), Mike Capuano (Mass.), Dennis Kucinich (Ohio), Maxine Waters (Calif.), Rob Andrews (N.J.), Sheila Jackson Lee (Texas), Barbara Lee (Calif.) and Del. Eleanor Holmes Norton (D.C.). Kucinich even called for Obama to be impeached. See: http://nation.foxnews.com/libya/2011/03/20/house-democrats-freak-out-after-obama-takes- military-action-libya#ixzz1JkLNlcop Can you point me to a single Republican who called for Bush to be impeached over invading Iraq? And speaking of "hypocrisy", with all these Republicans complaining over the cost of our involvement in Libya, can you point me to any of them who argued we should have paid for our war in Iraq?
Since January 3, 2011, Republicans have controlled the power of the purse.
I think it's because they feel what the hell are we doing there anyway??? There doesn't seem to be a goal or stategy for that matter.... I would imagine they also think why are we helping the rebels, when Obozo wouldn't even open his mouth to support the citizens of Iran when Amendenijad was slaughtering them in the streets...... Nothing foreign policy wise we've done in the last couple of years makes any sense..... Especially in the Middle East, if they don't get that area quieted down and get rid of the radicals the whole world will suffer for it.....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
I spoke of the Party as a whole. There are some good Republicans, I agree, but they are few and far between and have no real 'pull' when compared to the vast numbers of leftists/moderates. What makes me attack the Republican Party is that they pretend to be conservative as a whole, and they are not. They are left/moderate as a whole. There are some Democrats that are more conservative than some Republicans. Either way, to argue the merits of one Party over the other is like arguing which group of whores holds the most honor.
That's subjective, therefore debatable. But it's easy enough to tell which whores cost more, just compare prices.
LOL! True, can't argue with that. But the whores on both sides of the aisle cost too much to begin with. Arguing their individual merits beyond that is pointless if you just flat out don't have the money.
Are You that fucking stupid? Banks don't see color or ethnicity. They hate deadbeats. Period. And Clinton forced them to lend to deadbeats.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
You can imagine what it must be like for an American mother with a sick child and no insurance. But the big difference is in "Life threatening" illnesses (like cancer) and nice to have things like hip and joint replacement, and pacemakers..... If they think you're too old or too ill you won't get treatment...... At least here you still have a decent chance of getting the treatment you need and desire for the more serious things.... A certain class of people have a decent chance. As my well insured parents aged, they frequently had seek second opinions from doctors outside their network in order to get treatment. BTW, the problem with the DePuy implant (hip replacement) was identified in Europe because they actually collect data and track the effectiveness of treatments there.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
I would imagine some states are worse than others about that....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
In Accubanc's case, they saw niggers and spics. The case is so well documented only an asshole would argue otherwise. Exactly how much did they give to Ron Paul? And Clinton forced them to lend to deadbeats. I challenge you to post the % of those loans that went into default.
America...My Kind Of Place...
It was Bush's neocon strategy to stir up the ME to root out terrorism. They know that as freedom takes root in Iraq, it will inspire millions across the Middle East to claim their liberty as well. And when the Middle East grows in democracy, prosperity, and hope, the terrorists will lose their sponsors, lose their recruits, and lose their hopes for turning that region into a base for attacks on America and our allies around the world. snip I said that America's mission in Iraq is to defeat an enemy and give strength to a friend - a free, representative government that is an ally in the war on terror, and a beacon of hope in a part of the world that is desperate for reform. news.bbc.co.uk/2/hi/4632495.stm Mao said “A revolution is not a dinner party, or writing an essay, or painting a picture, or doing embroidery; it cannot be so refined, so leisurely and gentle, so temperate, kind, courteous, restrained and magnanimous. A revolution is an insurrection, an act of violence by which one class overthrows another.” What did Bush and the GOP think "claiming their liberty" would look like in the Middle East? Ain't no use complaining that they didn't get their "embroidery and a dinner party" - that was never a rational expectation.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
And yet Republicans like Gingrich and Limbaugh were clamoring for the President to act before he did.
Since January 3, 2011, Republicans have controlled the power of the purse.
States? It is in the insurance provider's interest to provide the least care possible (contain costs) to maximize profits and it looks like they're accomplishing just that. According to S.E.C. figures compiled by Health Care for America Now (HCAN), which lobbied Congress to pass March's healthcare overhaul, the top six insurers made a total of $3.4 billion in profits during Q3, or $611 million more than they did during the same period last year. The analysis looked at WellPoint Inc., UnitedHealth Group Inc., Aetna Inc., Humana Inc., Cigna Corp. and Coventry Health Care Inc., which had a combined enrollment of 85 million consumers as of Sept. 30. They saw an overall decrease in commercial enrollment of 3.4 million consumers between 2008 and 2010. All but WellPoint, Inc., meanwhile, increased how much of each premium they allocate to administrative costs and profit. On average, each of the six now devotes 20 cents on the dollar to non-medical services, compared to 16.5 cents last year and, according to HCAN, 5 cents in 1993. thehill.com/blogs/healthw...k-profit-records-for-2010 If they play their cards right, old, sick people will die before the insurance provider is forced to approve treatment.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
So are you saying you don't believe that the states have any control over the insurance companies?????? They mandate things all the time that the insurance companies have to cover..... which drives costs up instead of letting the customer determine what coverage he actually wants or needs...... For instance: New York requires every insurance policy sold there to cover podiatry. Acupuncture coverage is mandated in 11 states, massage therapy in four, osteopathy in 24, and chiropractors in 47. There are an estimated 1,800 or so such insurance “mandates” across the country, and the costs add up. If you want a real shock check out Massachusetts and RomneyCare, what a fiasco.... en.wikipedi a.org/wiki/Massachusetts_health_care_reform
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Gingrich is a douchebag anyway so nothing would surprise me with him.... I listen to Rush everyday and don't remember him saying anything about taking any action against Khadafy. I do remember him asking the question "Just who are these Rebels anyway"??? Muslim Brotherhood??? Al Qaeda????? Iranian militants?? He also made the comment we were probably going to do it for Europe so they can keep their oil coming in from Libya....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
For instance: New York requires every insurance policy sold there to cover podiatry. Acupuncture coverage is mandated in 11 states, massage therapy in four, osteopathy in 24, and chiropractors in 47. There are an estimated 1,800 or so such insurance “mandates” across the country, and the costs add up. Those mandates were lobbyed for by businesses and professional interests.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
And then there are those of us who are uninsurable cause we're old and have pre-existing conditions. Skinner said there's a reason that shareholders -- and not physicians -- will see the rewards of health plans' higher profits. It's because that's what shareholder-owned companies do. Deciding to pay more for a double bypass or raising the payment for immunizing a baby would be like Toyota deciding to use profits to pay more for engine parts, he said. "They're going to be acquiring the services at minimum cost," Skinner said. "They have a duty to shareholders to maximize share value, and that means maximizing their profits." www.ama-assn.org/amednews/m/2011/03/21/bsb0321.htm Go have another glass of "free market" Kool-aid.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
So ObozoCare is gonna fix all of our problems... huh????? If that's true then why are so many companies getting waivers to opt out of it????? (over 1000 now and still growing). Maybe because it's gonna cost too much, and get even less in return... Oh yea you can have all the aspirin and antihistimines you want, cancer meds or heart transplant forget it..... just go away and die in a gutter somewhere.... You're unproductive now, you don't pay anything in taxes.... We already got your vote so we don't give a damn anymore...... Speaking of partaking of the Koolaid...... does it taste like ca ca???
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Those are not waivers to opt out.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
You seem to be the caca expert, so in all matters caca, I defer to you.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
So what are they then????? A waiver means---"A dispensation, as from a rule or penalty"..... So basically it means "I don't have to play that game"....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Rules for Liberals #15). I know the truth but would rather deny it…..
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Actually I am the expert here and the first thing you have to do is spell it correctly...it's Cah-cah...
America...My Kind Of Place...
I thought cah cah was what crows say, however I defer to you.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
OK you win, I defer to your superior intellect... So what if I spelled it "doo doo"????.......LOL....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
What does the word "temporary" mean? That's what the waivers are, temporary until there are other options in place.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
Temporary/Permanent is doesn't really make any difference how you say it. ObozoCare will be gone sooner or later, either cut off at the knees by the Supreme Court in the next 6 months or repealed in a few years.... I would about bet that if I read the 2012 budget approved by the House there are "NO" funds in it to implement it.....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
I don't think the Supremes will overturn the new health care laws. That would run counter to the long history of the High Court empowering the federal Government concerning things like commerce. And they have ruled that insurance is commerce. You are just fooling yourself, they are not going to do such a ruling that would overturn the apple cart of so many legal precedents. Especially when at best it would be a 5-4 ruling. Justice Kennedy will go with the side affirming the new health care law. He is the swing vote.
If Obama's health reform is struck down by the Supreme Court than that shoots down the Republican's Medicare reform proposal too.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
I think Republicans are posturing on this - counting on Democrats to save them from having to take responsibility for the consequences of their vote while maintaining whining rights.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
Sotamayor and Kagan should have to recuse themselves because of their work on ObamaCare.... But then again they're Libs so they probably won't do the right thing.....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
ObozoCare "MANDATES" you buy insurance.... Pauls proposal is for government supplied vouchers (instead of Medicare payments) so the individual can "CHOOSE" what coverage he/she wants.... Big difference.....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Really? Where?
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
Not really that big a difference at all. Not when there are laws making not having proof of car insurance an infraction, and enough incidents of driving without it a felony. There is a simular imperative to require coverage to make the system work in both the vehicle insurance and health care models. In both, people suffer deep fincial loss and lack of security against their lives being disrupted by not enough people taking responsibility for a nessesary obligation. No, this health care program is a good thing and should be upheld. ANd a public option should be added to it.
That caw-caw
America...My Kind Of Place...
But Scalia's one working for Ted Olsen's law firm and Ginny Thomas working on Boy Blunder's 2000 transition team weren't conflcts...
America...My Kind Of Place...
"Doo doo" is a state of being...as in "You are in deep doo doo..." "Cah cah" is a descriptive, an odor or a command... "Your argument is cah cah." "I smell cah-cah. Did one of you kids poop in yer pants?" "Dad/Mom...I'm all done doing cah-cah...com wipe my butt!!"
America...My Kind Of Place...
Of course it is - senior moment there. Thank you!
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
In Accubanc's case, they saw niggers and spics -- WHO WERE DEADBEATS It's not the bank's fault that such such a large proportion of that population is such. Maybe things would change if useful idiots like you would stop enabling them.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Meanhile, you've provided no data that those mortgages defaulted.
America...My Kind Of Place...
And it was never actually a surplus, they just removed social security from the federal budget. The last true 'surplus' was in 1962.
I hear you knockin...go back where you been....
All I need to see is right here. http://www.youtube.com/watch?v=ivmL-lXNy64
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
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Top • Page Up • Full Thread • Page Down • Bottom/Latesta) 0bama certainly did schedule a pull out.
b) Few Dems have been outspoken in their criticism of 0bama, and IF they have, it's been barely a whisper compared to the cacophony of screeching criticism of Bush for the same thing. The hypocrisy and lies of Bamster and the Dems has been rife.
#159. To: go65 (#158)
And speaking of "hypocrisy", with all these Republicans complaining over the cost of our involvement in Libya,
#160. To: A K A Stone, All (#124)
But there are also good Republicans. There are few to zero good democrats.
#161. To: We The People (#160)
is like arguing which group of whores holds the most honor
#162. To: Happy Quanzaa (#161)
But it's easy enough to tell which whores cost more, just compare prices.
#163. To: war (#155)
are you this fucking stupid
#164. To: CZ82 (#140)
But when your wife is freaking out well what can you say, she had to go "right" then....
#165. To: lucysmom (#164)
A certain class of people have a decent chance. As my well insured parents aged, they frequently had seek second opinions from doctors outside their network in order to get treatment.
#166. To: no gnu taxes (#163)
Banks don't see color or ethnicity.
#167. To: CZ82 (#159)
Nothing foreign policy wise we've done in the last couple of years makes any sense..... Especially in the Middle East, if they don't get that area quieted down and get rid of the radicals the whole world will suffer for it.....
#168. To: CZ82 (#159)
I think it's because they feel what the hell are we doing there anyway??? There doesn't seem to be a goal or stategy for that matter....
#169. To: CZ82 (#165)
(Edited)
I would imagine some states are worse than others about that....
#170. To: lucysmom (#169)
States? It is in the insurance provider's interest to provide the least care possible (contain costs) to maximize profits and it looks like they're accomplishing just that.
#171. To: go65 (#168)
And yet Republicans like Gingrich and Limbaugh were clamoring for the President to act before he did.
#172. To: CZ82 (#170)
So are you saying you don't believe that the states have any control over the insurance companies?????? They mandate things all the time that the insurance companies have to cover..... which drives costs up instead of letting the customer determine what coverage he actually wants or needs......
#173. To: CZ82 (#170)
So are you saying you don't believe that the states have any control over the insurance companies?????? They mandate things all the time that the insurance companies have to cover..... which drives costs up instead of letting the customer determine what coverage he actually wants or needs......
#174. To: lucysmom (#173)
Go have another glass of "free market" Kool-aid.
#175. To: CZ82 (#174)
If that's true then why are so many companies getting waivers to opt out of it????? (over 1000 now and still growing). Maybe because it's gonna cost too much, and get even less in return...
#176. To: CZ82 (#174)
Speaking of partaking of the Koolaid...... does it taste like ca ca???
#177. To: lucysmom (#175)
Those are not waivers to opt out.
#178. To: lucysmom (#176)
You seem to be the caca expert, so in all matters caca, I defer to you.
#179. To: lucysmom, CZ82 (#176)
#180. To: war (#179)
#181. To: war (#179)
Actually I am the expert here and the first thing you have to do is spell it correctly...it's Cah-cah...
#182. To: CZ82 (#177)
A waiver means---"A dispensation, as from a rule or penalty"..... So basically it means "I don't have to play that game"....
#183. To: lucysmom (#182)
What does the word "temporary" mean? That's what the waivers are, temporary until there are other options in place.
#184. To: CZ82 (#183)
#185. To: CZ82 (#183)
ObozoCare will be gone sooner or later, either cut off at the knees by the Supreme Court in the next 6 months or repealed in a few years....
#186. To: Ferret Mike (#184)
You are just fooling yourself, they are not going to do such a ruling that would overturn the apple cart of so many legal precedents. Especially when at best it would be a 5-4 ruling.
#187. To: Ferret Mike (#184)
Justice Kennedy will go with the side affirming the new health care law. He is the swing vote.
#188. To: lucysmom (#185)
If Obama's health reform is struck down by the Supreme Court than that shoots down the Republican's Medicare reform proposal too.
#189. To: CZ82 (#188)
Big difference.....
#190. To: CZ82 (#188)
#191. To: lucysmom (#180)
#192. To: CZ82 (#187)
#193. To: CZ82 (#181)
#194. To: war (#191)
That caw-caw
#195. To: war (#166)
#196. To: no gnu taxes (#195)
#197. To: CZ82 (#67)
The next thing he/she will say is that Clinton created a surplus..... The GOP was in charge of the House and Senate at that time.....
#198. To: war (#196)
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