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View Full Version : Obama administration: Budget deficit increases to $587B



ducks
10-14-2016, 07:18 PM
http://www.mcclatchydc.com/news/politics-government/national-politics/article108285582.html

ducks
10-14-2016, 07:21 PM
http://freebeacon.com/issues/government-collects-3-27-trillion-taxes-fiscal-year-2016/
Government Collects $3.27 Trillion in Taxes in Fiscal Year 2016

Splits
10-14-2016, 07:26 PM
If only we could reign in wasteful "defense" spending we would have a balanced budget.

ducks
10-14-2016, 07:27 PM
Trump hates wastefully spending
VOTE TRUMP!

boutons_deux
10-14-2016, 07:28 PM
the Congressional Budget Office is predicting deficits will, more or less, remain in the $600 billion range for the next several years. Those are eye-popping numbers to the average person, but they represent about 3 percent of the size of the economy, a level many economists say is bearable.

"It's totally manageable. There's literally nothing there to worry about," said left-leaning economist Dean Baker of the Center for Economic and Policy Research. "What's the interest rate on 10-year bonds or the 30-year bond? If actors in the financial markets thought there was any plausible probability of this sort of fiscal crisis ... we'd be looking at 10-year rates of maybe 5, 6, 7 (percent)."

http://www.mcclatchydc.com/news/politics-government/national-politics/article108285582.html

cut the Defense budget by $300B, etc, etc. Lots of solutions to this non-problem.

The article didn't say whether spending was up (hardly the case with the Repugs defunding everything they can) or whether revenues were down.

ducks
10-14-2016, 07:29 PM
more taxes collected then ever!

pgardn
10-14-2016, 07:31 PM
Trump hates wastefully spending
VOTE TRUMP!

Rounding up immigrants and building a wall.

All free.

ducks
10-14-2016, 07:32 PM
Rounding up immigrants and building a wall.

All free.

we are paying ice might as well make them work
illegals are taking jobs and making more people on foodstamps
making people work instead of staying on welfare is saving money!
mexico is paying for the wall if trump is president!

boutons_deux
10-14-2016, 07:40 PM
more taxes collected then ever!

if so, where is spending up, esp with Repug House's sociopathic austerity?

ducks
10-14-2016, 07:46 PM
because ryan has no balls

pgardn
10-14-2016, 08:06 PM
we are paying ice might as well make them work
illegals are taking jobs and making more people on foodstamps
making people work instead of staying on welfare is saving money!
mexico is paying for the wall if trump is president!

Removed from the womb with head tongs.

Its the only explanation.

Do you believe in Trump Steaks and Trump U? Big Money? Trump Airlines? rmt has some swamp for sale in hurricane ridden Florida.

Dupage on an epic scale.

Winehole23
10-15-2016, 12:04 AM
look at the trend, ducks

https://lh6.googleusercontent.com/P28ZmpjGqC5_r6lrh0rJmdcLN2_K8YuLkWXwuVi46pW1D61KnL boqERe6Xle84nZQdsrHqHVN7680y8hxKmAIfInGdl7Mw6eaF70 1sKVJ8_qPhv0enitOFSIzMVTZhyACA

Winehole23
10-15-2016, 12:06 AM
explanation for 2009 wasn't the election of Obama, it was an epochal financial panic, i.e., a depression

boutons_deux
10-15-2016, 05:16 AM
look at the trend, ducks



... rightwingnuts are immune to facts.

My guess is that the increase in spending is Medicare/Medicaid getting fleeced by BigHealthCare (that's Medicaid in blue states, since red/slave states screw their poor people, even the whites, just along as they screw the knitters/Mexicans)

ducks
10-15-2016, 09:29 AM
Guessing maybe u should know facts

baseline bum
10-21-2016, 06:55 PM
http://media.treehugger.com/assets/images/2011/10/dog_on_a_duck.jpg