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Now thats funny, where did they find it in a pair of jeans? Pay 85 billion of it towards the sequestor and were still ahead.
"...keeping this year's annual budget deficit on pace to be the smallest since 2008" LOL. April is when the taxes for the prior year are due. There is always an influx of receipts in April. The budget deficit for the fiscal year of 2008 was $458.5 billion, it was a scant $160 billion for all of fiscal year 2007 which was the last budget crafted by the Republican House of Representatives before Democrats won control. The budget deficits for the years are as follows: 2009: $1.413 TRILLION; 2010: $1.293 trillion; 2011: $1.3 trillion; 2012: $1.089 trillion. Weeks after taking office, Barack Obama and his Democrats added $1.2 TRILLION to the fiscal year 2009 budget deficit with a failure of a $787 billion stimulus and a $410 billion omnibus spending bill loaded with pork. Check out this sentence from the article: "(This year's projected budget deficit of $845 billion) would still be the fifth-largest deficit in U.S. history." All 5 of the largest budget deficits are from Obama's first 5 years in office. Also, hundreds of billions of dollars are flowing in from capital gains from a stock market that has been artificially inflated by the Federal Reserve printing money and using it to boost stock prices. Whatever money is coming in from capital gains is NOT going to continue after the market inevitably crashes.
845 billion deficit this year. Right on track with what the CBO said 2 years ago. The CBO also said deficits would start increasing tremendously in 2014 and all through 2025 to the point we would be over 40 trillion in debt by 2025.
Many companies paid out bonuses, dividends or incentives at the end of last year to avoid this year's tax increases so I'm guessing a lot of taxpayers had to pay in this April when they did their returns. I know I did.
We need NEW leadership. Instead of talking about raising the deficit ceiling real leaders would be working on lowering the debt.
Woohoo... 1% of the debt....wait, you mean they spent it already....what about the debt?
"Woohoo... 1% of the debt....wait, you mean they spent it already....what about the debt?" The debt took 83 years to accumulate. It's not going away anytime soon. We've got to stop being the world's cop and wasting our money on military adventures such as Vietnam, Panama, Nicaragua, El Salvador, Grenada, the Persian Gulf, Iraq and Afghanistan. That is what created the debt. We have to pare the military down to affordable size, not the size Reagan and the Bushes wanted.
Stay the course.
That is what created the debt. We have to pare the military down to affordable size, ---- fine by me. Let me add we have to pare down many budget line items to affordable sizes. Lets enact zero based budgeting. Lets thoroughly audit the top "x" government programs. It would initially cost more money but in the long term would save millions (billions?). E.g. PBS online article 2-3 years ago estimated $30-50BB Medicare fraud annually. focusing on fraud reduction would not take one dollar away from those who need it.
"We have to pare the military down to affordable size" --- The military is not the problem and everyone knows it. Entitlements and welfare are killing this country.
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