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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. 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What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles Title: Government posts biggest monthly deficit ever Source: The Washington Times URL Source: http://www.washingtontimes.com/news ... -biggest-monthly-deficit-ever/ Published: Mar 7, 2011 Author: Stephen Dinan Post Date: 2011-03-07 13:31:50 by Happy Quanzaa Keywords: Obamanomics in Action Views: 25545 Comments: 35 The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse. Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion. Senators are slated to vote this week on those two proposals — both of which are expected to fail — and then all sides will go back to the negotiating table to try to work out a final deal. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 6. #1. To: Happy Quanzaa (#0) (Edited) the GOP has been in control of spending for what, 2 months now? And of course before they took office they agreed on a 2-year tax cut extension that added $858 billion to the deficit. So no problem then right? go65  posted on  2011-03-07   14:09:33 ET  Reply   Untrace   Trace   Private Reply   #2. To: go65 (#1) added $858 billion to the deficit Over 10 years. That's $85 billion a year. The deficit this year alone is $1.65 TRILLION. Take the tax cut out and the deficit this year is still $1.565 TRILLION. Tax revenues aren't the problem. Spending is the problem. jwpegler  posted on  2011-03-07   16:20:48 ET  Reply   Untrace   Trace   Private Reply   #4. To: jwpegler (#2) Over 10 years. That's $85 billion a year. The deficit this year alone is $1.65 TRILLION. Take the tax cut out and the deficit this year is still $1.565 TRILLION. No, the tax deal enacted in December raised the deficit $858 billion over 2 years by extending the Bush tax cuts and enacting a new round of payroll tax cuts. go65  posted on  2011-03-07   18:41:42 ET  Reply   Untrace   Trace   Private Reply   #6. To: go65 (#4) No, the tax deal enacted in December raised the deficit $858 billion over 2 years by extending the Bush tax cuts and enacting a new round of payroll tax cuts. The tax cuts for the top 2% income earners (which is what Democrats are pissing and moaning about) cost $41 billion a year. The government deficit will be $1,652 billion this year alone. Raising taxes on that top 2% wouldn't have done squat to close the deficit. The deficit still would have been over $1,600 billion this year. jwpegler  posted on  2011-03-07   18:51:11 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 6. #7. To: jwpegler (#6) No, the tax deal enacted in December raised the deficit $858 billion over 2 years by extending the Bush tax cuts and enacting a new round of payroll tax cuts. as usual, he gets it backwards. He bozoed me, because I demanded he tell me who owns the money: the people or the government? [IF the answer were the people then the deficit wasn't "raised" by $858B, it's just that the people kept more of THEIR OWN money...] He doesn't like black-and-white questions like that... instead, he prefers mealy-mouthed platitudes which sound good but mean nothing. If you want to have some fun with him, pin him to the wall with that question, as to who owns the money. ;) Capitalist Eric  posted on  2011-03-07 19:16:58 ET  Reply   Untrace   Trace   Private Reply   #8. To: jwpegler (#6) The tax cuts for the top 2% income earners (which is what Democrats are pissing and moaning about) cost $41 billion a year. The government deficit will be $1,652 billion this year alone. Raising taxes on that top 2% wouldn't have done squat to close the deficit. The deficit still would have been over $1,600 billion this year. So what you're say is if the government quit spending so damn much money on bullshit boondoggles then we wouldn't have this problem??? CZ82  posted on  2011-03-07 19:20:20 ET  Reply   Untrace   Trace   Private Reply   #9. To: jwpegler (#6) The tax cuts for the top 2% income earners (which is what Democrats are pissing and moaning about) cost $41 billion a year. The government deficit will be $1,652 billion this year alone. Raising taxes on that top 2% wouldn't have done squat to close the deficit. The deficit still would have been over $1,600 billion this year. Extending the "entire" tax cut, plus adding new tax cuts, raised the cost of the package to $858 billion over 2 years. The deficit would be over $400 billion lower this year if we went back to Clinton-era tax rates. go65  posted on  2011-03-07 20:10:52 ET  Reply   Untrace   Trace   Private Reply   #12. To: jwpegler, go65 (#6) The government deficit will be $1,652 billion this year alone. Raising taxes on that top 2% wouldn't have done squat to close the deficit. The deficit still would have been over $1,600 billion this year. jwpegler, you do know $1,652 billion is not due all next year, right? Godwinson  posted on  2011-03-08 09:23:57 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 6. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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