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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: 194479
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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#89. To: war (#83)
Recessions come and recessions go and will cure itself naturally in a short period of time, "usually" 1-2 years. It's when you go screwing around with the economy that causes recessions to last longer (sometimes way longer) than if you just would have left things alone. 2 prime examples of this was Roosevelts The New Deal and Japans 10 years of "Stimulus" bills..... The New Deal had some parts in it that were good but most of it was bad, that is what extended The Great Depression for so long. The only thing that got this country out of it's funk was WW2...... A lot of people finally realized the New Deal was a big mess so did away with a lot of it after his death. In fact the first piece of legislation passed was term limits on presidents, minimize the damage so to speak that any one president could do...... Some of The New Deal lasts to this day, Social Security being one example..... Now the Japanese suffered the same problem back in the early 90s that we currently have. They had a real-estate bubble burst, spawning a banking and credit crisis that drove the whole economy down, hard. The Japanese then tried stimulating the economy with giant doses of government spending, which didn't work too well and brought on deficits that lasted for many years. In fact I don't think they have completely recovered from their mistakes yet......
"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
The Paul 2012 budget Bill was just voted on in the House yesterday.....
"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
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.
America...My Kind Of Place...
Sounds like you are correct.
The dems 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’??
Thanks for the correction.
Correct answer, you win a giant cookie of your choice......
"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
Bull. There isn't an instance in modern economics wherein economies were not repaired by government intervention. Even your Panic of 1873 (which lasted 6 years almost everywhere) wasn't reversed until the nations affected embarked on massive infrastructure spending. IN the US, it was on railroads and roads. In European economies it was so-called social spending. A recession can only end if spending increases. When there are no private pools of capital available, a recession will not end. It's the Keynesian dynamic at its essence: Increase government spending and cut taxes during a downturn...
America...My Kind Of Place...
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.
America...My Kind Of Place...
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.
Correct answer, you win a giant cookie of your choice...... So did they create or inherit? Since you are giving out the cookies maybe you can translate. I agree with the GOP part though because they created the problems so why would they fight them?
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
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?
America...My Kind Of Place...
The only diff is they paid corps and businesses directly to do the killing. The procedure you describe has been in effect for close to 20 years with nary a GOP pres/congress stopping it. Tell me, did Terri Schiavo not happen under orders from a GOP judge, in a GOP governored state, under a GOP both house congress, under a GOP pres? I rest my case.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
Why is it that other nations take care of them but the Greatest Nation in the History of the World cannot? Because there is no constitutional authority for government to take from some to give to others. In other words, we were not designed to be socialist. That's one aspect that made America different that the rest of the world. We have churches, families and charities to care for the sick, poor and elderly.
If you're arguing that the GOP is just as bad as the Dems, then I agree.
There is constitutional authority to maintain an orderly society. In fact, the organizing principle of any government, after war making powers, is exactly that...maintain order. The burden on the private health care system alone violates that principle.
America...My Kind Of Place...
You other bullshit aside Stack that up against Clinton getting a blow job and forcing banks to give home loans to inner city drug addicts and prostitutes which is the core problem behind the finacial mess we have now which has been proven to you, yet you choose to remain in denial.
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’??
Look back to post #93, inherit was scratched out and created was inserted....
"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
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..
"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
Chuckles...good thing you didn't attempt to refute historical facts, Padlock. Stack that up against Clinton getting a blow job and forcing banks to give home loans to inner city drug addicts and prostitutes which is the core problem behind the financial mess we have now which has been proven to you, yet you choose to remain in denial. That's a lie from every angle: 1) The Home Loan program under Clinton required a three year work history of provable income. 2) Those loans were at a fixed rate and required PMI. 3) They had nothing to do with the current financial mess. 4) The bank mortgages at the center of the current mess were mostly issued after Boy Blunder's HUD relaxed the standards in 2003. But you know all of this, Padlock.
America...My Kind Of Place...
Rek. The democrat platform is evil. It is what their party is based on. It is like a magnet and it pulls evil people to it. There are evil Republicans too. But not all of them as in the Democrats.
Absolutely!
I notice war didn't respond to your well made points.
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.
America...My Kind Of Place...
Huh?
America...My Kind Of Place...
The ones that make it expensive as hell to get treatment in the first place....
"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
This is an "intelligent" reply by Stone Standards: "The democrat platform is evil. It is what their party is based on. It is like a magnet and it pulls evil people to it. " No need to go into specifics. No need to even address the topic at hand. Democrats are the Spawn of Satin. That's the only point you need to make. It save a lot of typing, and even better, you don't even have to think to use it.
"You know, it really doesn`t matter what [the media] write as long as you`ve got a young and beautiful piece of ass." - Donald "Leading the Polls" Trump
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 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 suggest if you think socialized healthcare is so "Phucking" great you move to another country and experience it firsthand, before passing judgement on it.... Excellent!
Skip. Obama did vote for a bill to allow babies born alive to be simply left alone to die. Obama has no problem with people sticking up sharp metal up in its living quarters and ripping them to shreds. Their actions make them evil. You hated Bush for his wars. I didn't agree with them either. Obama doubled down on them and started a new one. Not a peep from you liberal/commies.
1) I'm not a liberal/commie 2) I'm appalled by Obama's new war, just as I'm appalled that he did nothing to end the Bush ones. I wish someone would challenge him on the D side in 2012. Sadly, that doesn't look like it's going to happen.
"You know, it really doesn`t matter what [the media] write as long as you`ve got a young and beautiful piece of ass." - Donald "Leading the Polls" Trump
We're allowed to say 'fuck' here, we just can't say niggers, or chinks and stuff like that -- but maybe chinks, I'm not sure. We can say 'faggot' too.
------------------------------------- You sure defend them a lot.
I had no idea Paulsen were King. And who knew Congressional Committees wield ZERO power. Hank Paulsen is the biggest theif that this nation has ever seen. Yeah, he's a thief...amongst thousands. You don't actually believe one person is pulling ALL the puppet strings, do you?
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
If your reference is to liar loans, they came to be when the GOP controlled Congress. Nevermind. What should I expect from a poster who blames Bush as 0bama is running out of matches and gasoline.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
They aren't just as bad. There are elements of it that are just as bad. But there are also good Republicans. There are few to zero good democrats. I mean who wants to be a member of a party that funding planned parenthood abortions is a top priority?
No, I think if you actually look at my posts you'd see that I'm anti-stupid, not pro Obama. Unfortunately for people like you, nearly all of the pure stupid these days is coming from the far right. With a cast of characters like Newt, Sarah, Michelle, Donald, Christine, Breitbart, et. al. it is a target rich environment.
"You know, it really doesn`t matter what [the media] write as long as you`ve got a young and beautiful piece of ass." - Donald "Leading the Polls" Trump
FN and FM had nothing to do with the financial meltdown. *eyeball roll*
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
What about Rand, Jim, Marco?
It just seems like everytime someone says something about Obama. You want to change the subject to establishment Republicans.
Comments (129 - 215) not displayed.
Top • Page Up • Full Thread • Page Down • Bottom/LatestYou 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.
#90. To: A K A Stone (#86)
Spending bills originate in the House. They are supposed to anyways.
#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.
#92. To: war (#87)
#93. To: war (#91)
inherited created every prpblem that the US has. The GOP often hasn't done enough to fight them.
#94. To: no gnu taxes (#93)
#95. To: no gnu taxes (#93)
The dems inherited created every prpblem that the US has. The GOP often hasn't done enough to fight them.
#96. To: CZ82 (#89)
Recessions come and recessions go and will cure itself naturally in a short period of time, "usually" 1-2 years.
#97. To: no gnu taxes (#93)
#98. To: war (#97)
#99. To: CZ82, no gnu taxes (#95)
The dems inherited created every prpblem that the US has. The GOP often hasn't done enough to fight them.
#100. To: A K A Stone (#98)
The dems created the entitlements and the entitlement mentality. Get rid of them and no more debt.
#101. To: A K A Stone (#98)
(Edited)
Democrats are evil, they are so evil they even murder little innocent babies. In Obamas case even after being born.
#102. To: war (#100)
What do you propose we do with the sick, poor and elderly?
#103. To: Rek (#101)
Tell me, did Terri Schiavo not happen under orders from a GOP judge, in a GOP governored state, under a GOP both house congress, under a GOP pres? I rest my case.
#104. To: We The People (#102)
Because there is no constitutional authority for government to take from some to give to others.
#105. To: war (#97)
#106. To: Rek (#99)
So did they create or inherit? Since you are giving out the cookies maybe you can translate.
#107. To: war (#100)
What do you propose we do with the sick, poor and elderly?
#108. To: no gnu taxes (#105)
(Edited)
You other bullshit aside
#109. To: Rek (#101)
#110. To: Rek (#101)
Tell me, did Terri Schiavo not happen under orders from a GOP judge, in a GOP governored state, under a GOP both house congress, under a GOP pres? I rest my case.
#111. To: CZ82, war (#107)
#112. To: CZ82 (#107)
"GOVERNMENT RULES AND REGULATIONS" have created that mess you describe.....
#113. To: A K A Stone (#111)
#114. To: war (#112)
What government rules and regulations keep a non insured person from getting the same treatment for major illnesses as an insured person?
#115. To: war (#113)
Huh?
#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.
#117. To: CZ82 (#116)
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....
#118. To: Skip Intro (#115)
#119. To: A K A Stone (#118)
Obama doubled down on them and started a new one. Not a peep from you liberal/commies.
#120. To: CZ82 (#116)
so "Phucking" great
Why don't you make like a tree and get out of here?
#121. To: Skip Intro (#119)
I'm not a liberal/commie
#122. To: war (#51)
None of them had anything to do with it. It was all Paulsen.
#123. To: war (#52)
I don't know what that [endorsing mortgages to deadbeats] means?
#124. To: We The People (#103)
If you're arguing that the GOP is just as bad as the Dems, then I agree.
#125. To: A K A Stone (#121)
You sure defend them a lot.
#126. To: war (#55)
I've bitch slapped this premise so many time, Paddy.
#127. To: Skip Intro (#125)
#128. To: Skip Intro (#125)
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