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Author Topic: More Good News: CBO Reports Deficit is down another $200 Billion  (Read 2145 times)

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Offline Freeper

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More Good News: CBO Reports Deficit is down another $200 Billion
« on: October 06, 2012, 11:03:47 AM »
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More Good News: CBO Reports Deficit is down another $200 Billion


 
More Good News: CBO Reports Deficit is down another $200 Billion

by Vyan

Matching the good news on the Jobs numbers along with the report that the Obama Administration just took in a record $181 Million in donations in September, the CBO - at the close of FY2012 - is reporting that the Federal Deficit has dropped another $200 Billion to a level of $1.1 Trillion - which is the lowest level it has been since 2008 when the Financial Crisis began.

 

The federal government’s fiscal year 2012 has come to a close, and CBO estimates that the federal budget deficit for the year was about $1.1 trillion, approximately $200 billion lower than the shortfall recorded in 2011. The 2012 deficit was equal to 7.0 percent of gross domestic product, CBO estimates, down from 8.7 percent in 2011, 9.0 percent in 2010, and 10.1 percent in 2009, but greater than in any other year since 1947. CBO’s deficit estimate is based on data from the Daily Treasury Statements; the Treasury Department will report the actual deficit for fiscal year 2012 later this month.

- more -

http://www.dailykos.com/story/2012/10/06/1141002/-More-Good-News-CBO-Reports-Deficit-is-down-another-200-Million

Cue Republican conspiracy theory.

Link: http://www.cbo.gov/publication/43657

http://www.democraticunderground.com/10021483690

Well praise Barrack the deficit is only 1.1 trillion dollars now.  :mental:

At this rate that 16 trillion will be down to 20 trillion in no time. All praise Barrack Orwell 0bama.

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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline Mr Mannn

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #1 on: October 06, 2012, 11:37:44 AM »
I heard the CBO reported an increase of the chocolate ration from 35 grams to 25 grams.

I keep thinking DUmmies really can't be this stupid, but the truth is, yes they are.
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Offline Freeper

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #2 on: October 06, 2012, 11:39:53 AM »
Quote from: Mr Mannn on October 06, 2012, 11:37:44 AM
I heard the CBO reported an increase of the chocolate ration from 35 grams to 25 grams.

I keep thinking DUmmies really can't be this stupid, but the truth is, yes they are.

Turns out they are, only an idiot would celebrate 3 and a half years and 6 trillion dollars spent to get back right to where you were 4 years ago. Give him another 4 years and another 6 trillion and we can get unemployment down to 7.7%.
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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline Big Dog

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #3 on: October 06, 2012, 12:26:57 PM »
« Last Edit: October 06, 2012, 01:24:53 PM by Big Dog »
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Offline WinOne4TheGipper

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #4 on: October 06, 2012, 12:30:58 PM »
Cool.  And we only did that with one half of one third of the government.  Imagine what we can do next year with a responsible president and a sensible senate majority.
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“Sometimes the curses of the godless sound better than the hallelujahs of the pious.”

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Offline Undies

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #5 on: October 06, 2012, 12:34:17 PM »
Flick a pebble off a mountain and ya' still got a mountain.

(I usually use this one on my chubby relatives who brag about losing a pound or two -- but it works here too.)
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Offline jukin

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #6 on: October 06, 2012, 02:01:26 PM »
More proof that just having one half of one of the three branches of government under republican control can change things for the positive.

Don't see how Obama can lay claim to this as his last three budgets went down 99-0, 99-0, 434-0, 420-0 because the deficits were predicted to be in the two trillion dollar range.

Thank you Tea Party for stopping the spending and bringing down the unemployment with just the slightest change of direction from the fiscal insanity put forth by the democrat party and our economic super genius president!
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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline franksolich

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #7 on: October 06, 2012, 02:03:13 PM »
Quote from: Big Dog on October 06, 2012, 12:26:57 PM
Moved to:

http://www.conservativecave.com/index.php/topic,79048.0.html



Just out of curiosity, where was this thread before?

Freeper does that every once in a while; I dunno why.

But it's all cool, copacetic.
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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline Freeper

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #8 on: October 06, 2012, 02:06:16 PM »
Quote from: franksolich on October 06, 2012, 02:03:13 PM
Just out of curiosity, where was this thread before?

Freeper does that every once in a while; I dunno why.

But it's all cool, copacetic.

I think he had posted his bedtime story in this thread, then decided to make his own thread with it.
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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline franksolich

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #9 on: October 06, 2012, 02:07:17 PM »
Quote from: Freeper on October 06, 2012, 02:06:16 PM
I think he had posted his bedtime story in this thread, then decided to make hos own thread with it.

Oh.

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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline Big Dog

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #10 on: October 06, 2012, 02:10:16 PM »
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Government is the negation of liberty.
  -Ludwig von Mises

CAVE FVROREM PATIENTIS.

Offline franksolich

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #11 on: October 06, 2012, 02:11:54 PM »
Quote from: Big Dog on October 06, 2012, 02:10:16 PM
Yup, I moved it.

I wondered, because usually I'm right on top of things, and thought I'd missed it.

Sometimes people innocently post something in the wrong forum, and I wondered where it'd gotten by these quick eyes.
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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline Randy

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Re: More Good News: CBO Reports Deficit is down another $200 Billion
« Reply #12 on: October 06, 2012, 02:57:20 PM »
The DUmmies will be hopping around yarping like little dogs about the budget surplus that teh wun has engineered now.  :whatever:
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