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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: 194468
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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#48. To: BorisY (#46)
That would make for a nice, stylish tattoo across your bulging forehead.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
If the account was hacked ... password changed --- yukon by that time was locked out ! Coudn't you read - comprehend - comment on that remark !
If you ... don't use exclamation points --- you should't be typeing ! Commas - semicolons are for girlie boys !
ignorance is repairable - stupid is forever ! That would make for a nice, stylish tattoo across your bulging forehead. Quick definitions from WordNet (ad hominem) Å6; adjective: appealing to personal considerations (rather than to fact or reason)
If you ... don't use exclamation points --- you should't be typeing ! Commas - semicolons are for girlie boys !
None of them had anything to do with it. It was all Paulsen. They believed a grown-up rather than Carlo Gambino was in charge. Hank Paulsen is the biggest theif that this nation has ever seen.
America...My Kind Of Place...
I don't know what that means? If your reference is to liar loans, they came to be when the GOP controlled Congress.
America...My Kind Of Place...
...with room left over for a Mail Pouch ad...
America...My Kind Of Place...
Funny, none of these folks appear to be GOP
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’??
I've bitch slapped this premise so many time, Paddy. FN and FM had nothing to do with the financial meltdown.
America...My Kind Of Place...
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.
Since January 3, 2011, Republicans have controlled the power of the purse.
January of 2007 - January of 2011. This is why I don't have time for your bullshit today.
I hear you knockin...go back where you been....
And yet you keep spewing it: Since January 3, 2011, Republicans have controlled the power of the purse.
Your graph is bullshit, promoted by a classic "tax and spend" organization, but you are too stupid too realize that.
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’??
Boy Blunder was POTUS.
America...My Kind Of Place...
And Republicans took over the House in January of 2011. And yet we're still running record deficits (which now are solely Obama's fault I suppose).
Since January 3, 2011, Republicans have controlled the power of the purse.
Yea... tell me about 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
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.
Since January 3, 2011, Republicans have controlled the power of the purse.
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??? "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
Not to mention the Democrats controlled the House, and by it spending, since January of 2007, until January of 2011. And the deficit tripled.
I hear you knockin...go back where you been....
See tag line: It's the GOP's baby now.
Since January 3, 2011, Republicans have controlled the power of the purse.
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.....
"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
And a bill just passed the House today cutting $6 Trillion over the next 10 years..... And guess what??? Your hero vowed to veto it if it passes the Senate... what a POS....
"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
Which relies on overly optimistic predictions to theoretically achieve a balanced budget by 2030, economic predictions made by the same group that predicted an economic boom as a result of the Bush tax cuts in 2001 that didn't occur. So don't give me this crap about Republicans caring about deficits when the "best" they can come up with is an unrealistic target of a balanced budget in 19 years. And you and I both know the "only" reason this passed is because it will die in the Senate. We saw today what the GOP actually stands for when Obama signed into law the GOP-supported spending bill for the rest of fiscal 2011 that actually increases spending.
Since January 3, 2011, Republicans have controlled the power of the purse.
economic predictions made by the same group that predicted an economic boom as a result of the Bush tax cuts in 2001 that didn't occur. I think you can blame BS like NAFTA and the housing bubble for most of that.... We saw today what the GOP actually stands for when Obama signed into law the GOP supported spending bill for the rest of fiscal 2011 that actually increases spending. And why is that????? Because Obama wouldn't approve any spending cuts????? Since he took office he has spent as much as he can on all of his buddies, like lobbyists, unions, and a whole bunch of other BS Liberal organizations..... If he was worried about the deficit why didn't he say give me a bill with "Hundreds of billions" worth of cuts?????
"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
Because Republicans continually fool folks like yourself into thinking that they actually support spending cuts. When push came to shove last week, they didn't support cutting spending at all. But hey, they have folks like you that will continue to blame liberals. He did, it was called the Affordable Care Act. Or did you forget the GOP complaining last year that Obama was going to cut Grandma's medicare and ration care by sending everyone to death panels as a result of his spending cuts?
Since January 3, 2011, Republicans have controlled the power of the purse.
Great chart. Now tell us what changed when the deficit massively grew in 2001.
Since January 3, 2011, Republicans have controlled the power of the purse.
Looks like $600 billion spread out over 2-3 years......
"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 Clinton dot com bust recession.
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’??
I forgot 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
That he pissed away 200bkn in surplus funds...made a couple hundred billion and then pissed away a trillion bucks IN ONE YEAR...
America...My Kind Of Place...
Of COURSE you did...but being the good little BOT you've now remembered that universal phrase that excuses the incompetence of the GOP in one quick moment: IT'S CLINTON'S FAULT!!!!! You may now proceed with your renewed sense of purpose...
America...My Kind Of Place...
IT'S CLINTON'S FAULT!!!!! You may now proceed with your renewed sense of purpose... The grey lines on the chart represent "recessions", I forgot what that recession was caused by, now I remember..... But.... the one thing I have always known and will always remember is "CLINTON SUCKS".... even with all his money the only person he could find to give him a BJ was as big as a 1969 Coupe de Ville....... There you feel better now.....
"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
Where???? "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
If you are going to blame Obama for the FY09 deficit, then blame REpublicans for the FY11 deficit. Deal?
Since January 3, 2011, Republicans have controlled the power of the purse.
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.....
"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
On the chart that YOU posted in #64. Are you disavowing that chart with your new one? The "recession" btw was caused by the decrease in spending associated with Y2K.
America...My Kind Of Place...
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.
America...My Kind Of Place...
Don't you mean the Democrats in the House and Senate?????
"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
No. You do know who, under the law, is required to write and submit an Omnibus budget?
America...My Kind Of Place...
Spending bills originate in the House. They are supposed to anyways.
Bills for raising revenue, i.e. taxes and tariffs etc, must originate in the House.
America...My Kind Of Place...
Comments (88 - 215) not displayed.
Top • Page Up • Full Thread • Page Down • Bottom/Latestignorance is repairable - stupid is forever !
#49. To: Liberator (#48)
#50. To: Liberator (#48)
To: BorisY
#51. To: Liberator (#47)
#52. To: Liberator (#47)
and endorsing mortgages to deadbeats.
#53. To: Liberator (#48)
#54. To: war (#52)
#55. To: no gnu taxes (#54)
#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)
#60. To: Badeye (#57)
January of 2007 - January of 2011.
#61. To: war (#60)
Boy Blunder was POTUS.
#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.
#65. To: CZ82 (#64)
ANd keep in mind the Democrats failed to produce a budget for 2011 and added almost $1 trillion to the deficit in 8 months......
#66. To: Badeye (#65)
Not to mention the Democrats controlled the House, and by it spending, since January of 2007, until January of 2011.
#67. To: Badeye (#65)
#68. To: go65 (#66)
It's the GOP's baby now.
#69. To: CZ82 (#68)
(Edited)
And a bill just passed the House today cutting $6 Trillion over the next 10 years.....
#70. To: go65 (#69)
#71. To: CZ82 (#70)
(Edited)
And why is that????? Because Obama wouldn't approve any spending cuts????? Since he took office he has spent as much as he can on all of his buddies, like lobbyists, unions, and a whole bunch of other BS Liberal organizations..... If he was worried about the deficit why didn't he say give me a bill with "Hundreds of billions" worth of cuts?????
If he was worried about the deficit why didn't he say give me a bill with "Hundreds of billions" worth of cuts?????
#72. To: CZ82 (#64)
What were you saying about Bush???
#73. To: go65 (#72)
Great chart. Now tell us what changed when the deficit massively grew in 2001.
#74. To: go65 (#72)
Now tell us what changed when the deficit massively grew in 2001.
#75. To: no gnu taxes (#74)
The Clinton dot com bust recession.
#76. To: CZ82 (#64)
#77. To: CZ82, go65 (#75)
I forgot about that.....
#78. To: war (#77)
I forgot about that..... Of COURSE you did...but being the good little BOT you've now remembered that universal phrase that excuses the incompetence of the GOP in one quick moment:
#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.
#82. To: CZ82 (#79)
#83. To: CZ82 (#81)
It was the Democrats in the House and Senate that are responsible for the 2009 budget...
#84. To: war (#83)
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.
#85. To: CZ82 (#84)
(Edited)
#86. To: war (#85)
#87. To: A K A Stone (#86)
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