Corrupt Government
See other Corrupt Government Articles
Title: Obamanomics: U.S. deficit up 15.7% in first half of fiscal 2011
Source:
Google News
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: 194429
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
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 173.
#1. To: Happy Quanzaa (#0)
Financial slavery for you, your children and your grand children..... thank you Libtards....
have you forgotten the tea party celebrating the extension of the Bush tax cuts, which added $858 billion to the deficit over 2 years? Nobody takes tea partiers/conservatives seriously when they complain about debt/deficits.
If Obama hadn't spent 3.7 Trillion instead of the 2.2 trillion the government took in then there wouldn't be a deficit..... now would there?????? Why don't you ask the "Village Idiot" why he doesn't have a "laser like" focus on creating jobs????? that would increase revenues greatly.... and reduce the deficit..... and also reduce the amount of people dependent on the government (you don't want that do you).... less people to vote for "The Party of Losers"....(Democrats)!!!!! Have you gotten your weekly handout yet?????? By the way I thought you were gone for good because of people posting about the "Wookie"???????
Obama's not spending a dime anymore without approval by the GOP controlled House of Representatives.
Hey, you're back and lying! How's that tripled deficit Owe-bama, Reid and Pelosi brought down on us all working out? (laughing)
How's that 10% unemployment you told us we'd see after the November election?
How's that tripled deficit Owe-bama, Reid and Pelosi brought down on us all working out? How's that 10% unemployment you told us we'd see after the November election? In reality, its about 20%...as predicted.
Chuckles...about as real as your house actually sitting on a stone cliff...
in the words of George Costanza - 'it's not a lie if you believe it' Remember when the GOP claimed it would cut $100 billion from the budget this year? Instead, they ended up cutting less than $30 billion. Again, read the tag line, the GOP owns the deficit now. And their own plan, with its ridiculous assumptions, STILL doesn't project a balanced budget until 2030.
What 'budget'? The GOP will produce one this fall....Pelosi Galore didn't get a budget done last year... And honestly, if you want to quote the delusions of the dwarf, don't bother, GO65. He makes things up due to his insane fixation on me. Christ, last time I checked he was claiming I did backgrounds on posters (how you do that escapes me) that my house isn't exactly as I describe (even though some in the forum have knowledge of it, and google earth is available)...he even claimed I fucked with his credit cards at some point.... If you need 'help' speaking about politics with me...well, just go away. Its simply to pathetic to deal with.
You might want to flip on the news - the GOP controlled house just passed a spending bill for the remainder of 2011 that failed to cut spending. Sorry, I don't pay much attention to the obsessions some posters have with each other. Point is, in this case he's right and you are wrong. Now, shall we revisit your prediction that the GOP wouldn't raise the debt celling in light of this weeks news that McConnell is advising Republicans not to filibuster a Senate vote on increasing the cap while Boehner is asking wall street how long he can go before he eventually agrees to raise the cap?
You might want to learn the difference between a 'spending bill' and a budget pass by the House of Representatives, ratified by the Senate, and signed off on by POTUS. Or you can continue to impersonate Pelosi Galore, who couldn't produce a budget last year...first time in century or so as I recall.
spin spin spin. I can't blame you - you touted how the results of the November election were going to change things, and all your beloved Republicans have done since taking control of the power of the purse in January is more of the same. Maybe things will be different in 2012! :-)
How is there GOP "control" when the Senate owns a RAT-majority? Not to mention the "control" via the veto pen of the Dem President.
In all seriousness, you are right - the House, Senate and Presidency all share responsibility for the deficit. But I'm dealing with Badeye, who blamed the deficit of 2007-08 on House Democrats. Therefore, by that logic, House Republicans are responsible for the current deficit. And, keep in mind that House Republicans touted a spending cut "deal" that didn't actually cut spending.
January of 2007 - January of 2011. This is why I don't have time for your bullshit today.
And yet you keep spewing it:
Your graph is bullshit, promoted by a classic "tax and spend" organization, but you are too stupid too realize that.
Yea... tell me about it...
It takes a pretty amazing ability to deny reality to argue that Bush's tax cuts, the GOP medicare expansion, Bush's TARP program, the Bush war in the Iraq, and the Bush recession didn't cause an increase in the deficit. Keep in mind, the GOP could have sent the Senate a balanced budget rather than a bill full of phony cuts that actually increased spending.
ANd keep in mind the Democrats failed to produce a budget for 2011 and added almost $1 trillion to the deficit in 8 months...... What were you saying about Bush???
That he pissed away 200bkn in surplus funds...made a couple hundred billion and then pissed away a trillion bucks IN ONE YEAR...
Where????
If you are going to blame Obama for the FY09 deficit, then blame REpublicans for the FY11 deficit. Deal?
Deal? It was the Democrats in the House and Senate that are responsible for the 2009 budget..... And the GOP is only "partially" responsible for the last 5 months of 2011. They tried to get more cuts and couldn't get them, so they said OK we will fight the big battle later for 2012.....
The 2009 budget that was submitted [in 2008] was a joke. The WH KNEW that the US was in recession and totally mis-projected revenues. Before Obama took office, the deficit projected out @ 1.2trillion. Before he could blink in office the revenues plummeted and unemployment was over 8% on it's way to 10%. You folks continually discount the downward momentum that existed in the economy when Obama took office and that was then stopped nearly dead in its tracks within 6 months of the stim.
Nobody is discounting the disaster that occurred when the Democrats took Congress in 2007, which is why they were promptly thrown out.
The dems were put into the Congress because Boy Blunder and the GOP Congress totally screwed the US in every way imaginable. The dems inherited every prpblem that the US has.
The dems
Wha...chuckle...huh? The GOP created them...the oil crisis of the 1970's was Nixon...stag and then hyperinflation...Nixonomics...explosion of debt and deficits, meltdown of S&L's and then a bank panic...Reagan...further erosion of debt and deficits and then recession and the INSANE embarkation of massive military intervention in the mideast that has made the US less safe and led directly to 9/11...Poppy...a moronic tax cut and fiscal and regulatory policies that resulted in the worst downturn since the 1930's...Boy Blunder. Stack that up against Clinton getting a blow job.
The dems created the entitlements and the entitlement mentality. Get rid of them and no more debt. Democrats are evil, they are so evil they even murder little innocent babies. In Obamas case even after being born.
What do you propose we do with the sick, poor and elderly? Why is it that other nations take care of them but the Greatest Nation in the History of the World cannot?
Why is it that other nations take care of them but the Greatest Nation in the History of the World cannot? "GOVERNMENT RULES AND REGULATIONS" have created that mess you describe..... Socialized medicine in other countries does not do a good job of taking care of the sick/elderly. If they determine that treating you is a waste of money you get no treatment, at least here you have "still" the option to seek and get treatment..... pay for it out of your own pocket if you have to but still available.... but not for much longer if ObozoCare gets fully implemented.... If you want an example I will show you.... I'm retired military on the government sponsored insurance plan called Tricare. I recently had an ear infection and called the Base Hospital to get an appointment for treatment. I was told over the phone it would be "9" days before I could be seen... yea right.. I guess maybe me possibly loosing my hearing in that ear wasn't very important to them. So I went to the local emergency room and got seen in 2 hours, cost me a $20 copay but was well worth it... One idea out there is to give "vouchers" to people to enable them to get private insurance that would be much cheaper for the taxpayer and more effective for the patients.... in essence do away with Medicare and Medicaid.. but as it stands right now that's not going to happen with the Dems in charge. They are totally against anything other than ObozoCare, it's their Holy Grail for getting control of you, take your freedoms away from you..... that make you happy????? As far as the poor goes.... well "most" of them are that way because they want to be that way.... I know that sounds stupid but it's true in more ways than one.. Ignorance is probably the biggest reason for poverty, laziness is probably #2, single parentage is probably #3... All of those Welfare programs that are "SUPPOSED" to be helping these people are actually doing the opposite..... they aren't solving the problems, only exacerbating them..
You're out of your mind. What government rules and regulations keep a non insured person from getting the same treatment for major illnesses as an insured person? Socialized medicine in other countries does not do a good job of taking care of the sick/elderly. Once again you're out of your mind. The US lags HORRIBLY behind nations with single payer systems in health care delivery to almost all demographics. One idea out there is to give "vouchers" to people to enable them to get private insurance that would be much cheaper for the taxpayer and more effective for the patients.... i Here's a better idea...just build clinics, staff them and treat people when they need it? It works in Singapore, France, Italy, Germany, Japan, Israel, Belgium, Spain, Portugal, Iran, and is the model for Iraq and the list goes on.
Good little drone, believe them all you want.... I've been overseas and seen it first hand, I know better...... My second daughter was born in England and has dual citizenship, which means she is eligible for British healthcare. While I was gone on a TDY to Belgium she came down with "Pink Eye". My wife called the local doctor to get an appointment for her, the receptionist told her 2 weeks minimum!!!!!! One week to process the initial paperwork and another week for the appointment.... So my wife took the bus up to Lakenheath (40 miles away) where she was born and got her in the next day.... I suggest if you think socialized healthcare is so "Phucking" great you move to another country and experience it firsthand, before passing judgement on it....
I've been overseas and seen it first hand, I know better...... As have I and my one son studies languages and has been in - and taken ill - in several nations. I also have had to deal with hockey related injuries in Canada. Belgium has walk in clinics throughout the nation and, if a clinic is not open, there are a number of "emergency centers" that will take walk-ins. Also, Belgium, France, Italy and Germany will allow pharmacies to dispense medicine for common affliction, conditions such as pink eye would probably qualify. So, either you were under informed while in Belgium or you tried the American route. You also perpetuate the myth that doctors here have tons of openings for people like you who need to see a doctor. They don't.
That makes sense to do that, they should do more of that here. It really only takes "med techs" to diagnose and treat most minor illnesses....... The clinic at the base hospital is dispensing certain over the counter drugs but not much more than that.... My daughter ended up seeing a "med tech" (not a doctor) for her pink eye because it isn't that serious of an illness. But when your wife is freaking out well what can you say, she had to go "right" then.... I didn't even find out about this till I got back to England 3 weeks later..... 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.... I don't think our system is perfect by any means, a big dose of deregulation would go a long ways towards fixing it.....
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.
I would imagine some states are worse than others about that....
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.
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
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.
#174. To: lucysmom (#173)
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???
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#3. To: CZ82 (#1)
Financial slavery for you, your children and your grand children..... thank you Libtards....
#4. To: go65 (#3)
have you forgotten the tea party celebrating the extension of the Bush tax cuts, which added $858 billion to the deficit over 2 years?
#5. To: CZ82 (#4)
If Obama hadn't spent 3.7 Trillion instead of the 2.2 trillion the government took in then there wouldn't be a deficit..... now would there??????
#6. To: go65 (#5)
Obama's not spending a dime anymore without approval by the GOP controlled House of Representatives.
#7. To: Badeye (#6)
How's that tripled deficit Owe-bama, Reid and Pelosi brought down on us all working out?
#8. To: go65 (#7)
#9. To: Badeye (#8)
In reality, its about 20%...as predicted.
#10. To: war, badeye (#9)
(Edited)
Chuckles...about as real as your house actually sitting on a stone cliff...
#15. To: go65 (#10)
Remember when the GOP claimed it would cut $100 billion from the budget this year? Instead, they ended up cutting less than $30 billion.
#31. To: Badeye (#15)
What 'budget'? The GOP will produce one this fall....Pelosi Galore didn't get a budget done last year...
And honestly, if you want to quote the delusions of the dwarf, don't bother, GO65. He makes things up due to his insane fixation on me. Christ, last time I checked he was claiming I did backgrounds on posters (how you do that escapes me) that my house isn't exactly as I describe (even though some in the forum have knowledge of it, and google earth is available)...he even claimed I fucked with his credit cards at some point..
#32. To: go65 (#31)
You might want to flip on the news - the GOP controlled house just passed a spending bill
#33. To: Badeye (#32)
You might want to learn the difference between a 'spending bill' and a budget pass by the House of Representatives, ratified by the Senate, and signed off on by POTUS.
#44. To: go65 (#33)
your beloved Republicans have done since taking control of the power of the purse in January
#56. To: Liberator (#44)
How is there GOP "control" when the Senate owns a RAT-majority? Not to mention the "control" via the veto pen of the Dem President.
#57. To: go65 (#56)
But I'm dealing with Badeye, who blamed the deficit of 2007-08 on House Democrats.
#58. To: Badeye, liberator (#57)
This is why I don't have time for your bullshit today.
#59. To: go65 (#58)
#62. To: no gnu taxes (#59)
Your graph is bullshit, promoted by a classic "tax and spend" organization, but you are too stupid too realize that.
#63. To: CZ82 (#62)
(Edited)
Yea... tell me about it...
#64. To: go65 (#63)
Keep in mind, the GOP could have sent the Senate a balanced budget rather than a bill full of phony cuts that actually increased spending.
#76. To: CZ82 (#64)
#79. To: war (#76)
That he pissed away 200bkn in surplus funds...made a couple hundred billion and then pissed away a trillion bucks IN ONE YEAR...
#80. To: CZ82 (#79)
#81. To: go65 (#80)
If you are going to blame Obama for the FY09 deficit, then blame REpublicans for the FY11 deficit.
#83. To: CZ82 (#81)
It was the Democrats in the House and Senate that are responsible for the 2009 budget...
#88. To: war (#83)
You folks continually discount the downward momentum that existed in the economy
#91. To: no gnu taxes (#88)
Nobody is discounting the disaster that occurred when the Democrats took Congress in 2007, which is why they were promptly thrown out.
#93. To: war (#91)
inherited created every prpblem that the US has. The GOP often hasn't done enough to fight them.
#97. To: no gnu taxes (#93)
#98. To: war (#97)
#100. To: A K A Stone (#98)
The dems created the entitlements and the entitlement mentality. Get rid of them and no more debt.
#107. To: war (#100)
What do you propose we do with the sick, poor and elderly?
#112. To: CZ82 (#107)
"GOVERNMENT RULES AND REGULATIONS" have created that mess you describe.....
#116. To: war (#112)
Once again you're out of your mind. The US lags HORRIBLY behind nations with single payer systems in health care delivery to almost all demographics.
#134. To: CZ82 (#116)
Good little drone, believe them all you want....
#140. To: war (#134)
Belgium has walk in clinics throughout the nation and, if a clinic is not open, there are a number of "emergency centers" that will take walk-ins. Also, Belgium, France, Italy and Germany will allow pharmacies to dispense medicine for common affliction, conditions such as pink eye would probably qualify.
#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.
#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.
#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......
Replies to Comment # 173. Go have another glass of "free market" Kool-aid.
End Trace Mode for Comment # 173.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]