U.S. Deficit Shrinking At Fastest Pace Since WWII

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UCmeNdc (557 posts)

U.S. Deficit Shrinking At Fastest Pace Since WWII


 
Last edited Thu Nov 22, 2012, 09:41 AM USA/ET - Edit history (1)

Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.

While long-term deficit reduction is important and deficits remain very large by historical standards, the reality is that the government already has its foot on the brakes.



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Read More At IBD: http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm#ixzz2CxalzyTO

http://www.democraticunderground.com/1251253487

Combine this with record low unemployment levels of 7.9% and it's instant prosperity for all. 

They will say anything to try to convince people that 0bama is doing a swell job.

NewJeffCT (34,624 posts)
3. And, what Romney brought up in the debates over & over

was that Obama promised to halve the deficit... and, by the time Obama's fourth budget is done on 9/30/13, it may very well be close to half of Bush's last deficit of nearly $1.5 trillion

Fourth budget? Funny that us low information voters know that we haven't had a budget since 2009 so how in the hell if we even get a budget this year could it be the 4th budget?

[Delmar]

Believe it or not

Not.

[JohnnyReb]

There's so much spin on that one that it will be days before I can keep any food down.

[Carl]

What an incredibly shallow and misleading article.
The deficit is not the debt and to compare the yearly deficit as a percentage of GDP from a point when the economy was at its lowest and suggest that everything is rosy because as a percentage it is lower with the anemic growth we have seen is idiotic.
The debt is still exploding and unemployment is still high.

Then again for those not familiar with IBD it heavily weights its investment analysis on technical analysis which is much like divine entrails of roadkill.

[JohnnyReb]

What an incredibly shallow and misleading article.
The deficit is not the debt and to compare the yearly deficit as a percentage of GDP from a point when the economy was at its lowest and suggest that everything is rosy because as a percentage it is lower with the anemic growth we have seen is idiotic.
The debt is still exploding and unemployment is still high.

Then again for those not familiar with IBD it heavily weights its investment analysis on technical analysis which is much like divine entrails of roadkill.

A forked branch from a willow tree works better.

[Ogre]

It is not the deficit DUmb*ss, it is the debt.

You can cut the deficit all you want, unless you cut it to zero it doesn't do a damn thing to the debt except not add anymore to it.

[Carl]

A forked branch from a willow tree works better.

Bowl and spoon along with crossing more moving average lines then nads has rubicons.

[Skul]

Primitive wants people to think s/h/it is refering to the debt.
Doesn't understand the concept of why a trade deficit might drop.
Without rowing over, I suspect primitives bought into it.