Says "our deficits are falling at the fastest rate in 60 years."

[Crabtownboy]

Says "our deficits are falling at the fastest rate in 60 years."

http://www.politifact.com/truth-o-m...a-says-deficit-falling-fastest-rate-60-years/

 

[Revmitchell]

Politifact......:laugh::laugh::laugh::laugh:

Anyway, Most absurdly, he cited as a point of pride that “our deficits are falling at the fastest rate in 60 years.” He left out two key points: The congressional Republicans demanded spending cuts for increasing the debt ceiling, and the rate of decrease is high because the deficits themselves have been the largest red ink in U.S. history. Spending was $1.4 trillion more than revenue in 2009 and $1 trillion more in 2012.

Read more: http://www.washingtontimes.com/news...med-attempt-to-save-his-legacy/#ixzz2aABxf7bl
Follow us: @washtimes on Twitter

 

[InTheLight]

Says "our deficits are falling at the fastest rate in 60 years."

Yes, this will happen when you look at the economic period Apr-June, WHEN TAX RECEIPTS ARE HIGHEST because of the Apr 15th tax filing deadline!

Also, as RevMitchell pointed out, the deficits were the highest they've ever been.

These two factors combined to create the anomaly of "our deficits are falling at the fastest rate in 60 years."

 

[Aaron]

Wonder if Karl (spelled CBT), would illuminate us as to the difference between debt and deficit.

 

[Crabtownboy]

Wonder if Karl (spelled CBT), would illuminate us as to the difference between debt and deficit.

Debt is what you owe.

1.
something that is owed or that one is bound to pay to or perform for another: a debt of $50.
2.
a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
3.
the condition of being under such an obligation: His gambling losses put him deeply in debt.

http://dictionary.com

Deficit is the amount that is over what is taken in.

1.
the amount by which a sum of money falls short of the required amount.
2.
the amount by which expenditures or liabilities exceed income or assets.
3.
a lack or shortage; deficiency.
4.
a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.
5.
a loss, as in the operation of a business.

http://dictionary.com

Two very different things.

 

[Bro. Curtis]

Debt is money you owe. Deficit is money you need to pay back. :laugh:

 

[Revmitchell]

............................................................

 

[Crabtownboy]

Anyway, Most absurdly, he cited as a point of pride that “our deficits are falling at the fastest rate in 60 years.” He left out two key points: The congressional Republicans demanded spending cuts for increasing the debt ceiling, and the rate of decrease is high because the deficits themselves have been the largest red ink in U.S. history. Spending was $1.4 trillion more than revenue in 2009 and $1 trillion more in 2012.

Again Rev. you have not done your homework completely. The highest single year deficit was in 2008 under Bush ..... $1,885,104 in millions.

The highest single year deficit under Obama was in 2009 .... $1,651,794 in millions.

:laugh::laugh::laugh: as you like to do. Bad day Rev. you are already proven false in two threads.

 

[Aaron]

Debt is what you owe.



Deficit is the amount that is over what is taken in.



Two very different things.

Comrade, what has happened to the debt under your party?

 

[Crabtownboy]

Comrade, what has happened to the debt under your party?

Rather off topic Aaron, but the debt grew correction the horrible mistakes . made between 2000-2008. Remember we were running a budget surplus before Bush came into office. He took care of that quickly turning it into a deficit, and then with the economic collapse under his watch it all became very bad. Now also remember the first bail out was under Bush. It would have been much worse if nothing had been done.

But the deficit is coming down and employment is going up. The economy is recovering as indicated by the stock market. It is still a buyer market as so many people are still doom and gloom folk. When they begin investing it will be time to sell. They are always wrong.

Now, can you give a reasoned reply of several paragraphs and not just cute one liners that mean nothing?
-

 

[Aaron]

Not off topic at all. Record and devasting debts sky-rocketing under Democrat house, senate and president.

 

[Crabtownboy]

Not off topic at all. Record and devasting debts sky-rocketing under Democrat house, senate and president.

What I figured, can't write more than one nonsense line.

 

[Mexdeaf]

In three more months the deficits will be high again, because the CBO (or whoever makes up these "facts") will come back with an adjustment- just as they do with the unemployment rate.

Our country is bankrupt, financially and morally. And Obama is not the answer in either case.

 

[Revmitchell]

Rather off topic Aaron, but the debt grew correction the horrible mistakes . made between 2000-2008. Remember we were running a budget surplus before Bush came into office. He took care of that quickly turning it into a deficit, and then with the economic collapse under his watch it all became very bad. Now also remember the first bail out was under Bush. It would have been much worse if nothing had been done.

But the deficit is coming down and employment is going up. The economy is recovering as indicated by the stock market. It is still a buyer market as so many people are still doom and gloom folk. When they begin investing it will be time to sell. They are always wrong.

Now, can you give a reasoned reply of several paragraphs and not just cute one liners that mean nothing?
-

And again you show your ignorance in the economy and history. Bush inherited a recession due to the dot com bubble burst. Then at the end of his second term the housing bubble burst due to the failure to reign in bad housing loans. Bush should have done something about that as we all saw it coming. In fact Republicans held hearings about it and the Democrats (Barney Frank and company) denied there was a problem.

So here we are and the Democrats are wanting to do the very things that got us here times 10. Our racists community organizer in chief has not a clue what he is doing. History will not be kind to him down the road.

 

[Mexdeaf]

History will not be kind to him down the road.

I think he will have a spot next to Nero on the "Infamous" list.

(Oh, yes, let me add a hearty "Good morning" to the NSA guys.)

 

[Aaron]

What I figured, can't write more than one nonsense line.

I got your number, Lefty.

 

[Crabtownboy]

And again you show your ignorance in the economy and history. Bush inherited a recession due to the dot com bubble burst. Then at the end of his second term the housing bubble burst due to the failure to reign in bad housing loans. Bush should have done something about that as we all saw it coming. In fact Republicans held hearings about it and the Democrats (Barney Frank and company) denied there was a problem.

So here we are and the Democrats are wanting to do the very things that got us here times 10. Our racists community organizer in chief has not a clue what he is doing. History will not be kind to him down the road.

You failed to mention the Republicans controlled both houses 2000-2004 and controlled the House of Representatives all 8 years ... as well as the Executive Dept. all 8 years. It was their watch. As Truman's sign on his desk said, "The Buck Stops Here." The buck stops with Bush and he is responsible. He quickly took us from a surplus to a deficit.
He involved us in two unjustified wars.
He squandered all the good will we receive from other countries because of 9/11

In his defense, I do feel he had very bad advisers.

 

[Aaron]

And the Dem remedy? More taxes and more spending and higher debts!

 

[Salty]

He involved us in two unjustified wars.

Who determines it was an unjustified war?

 

[Revmitchell]

He quickly took us from a surplus to a deficit.

The so called surplus was not actual but it was only foretasted. Except the forecast did not take into account the recession he inherited.

He involved us in two unjustified wars.

Uh yea we all know better.

He squandered all the good will we receive from other countries because of 9/11

In his defense, I do feel he had very bad advisers.

The only one with bad advisers is Obama.