2013 Deficit To Shrink To $642 Billion: Congressional Budget Office
- Thread starter Mayhem
- Start date
ApolloBalboa
Was King of the Board for a Day
When they say higher tax revenues, are they inferring the January tax increases or what Obama's trying to accomplish now, just being proactive in assuming they'll go through?
I'm not surprised that Fannie and Freddie are helping contribute now, they earned $17 and $11 billion respectively last year, it's about time that more of that money went towards paying back the taxpayer money that went towards them way back when.
I'm not surprised that Fannie and Freddie are helping contribute now, they earned $17 and $11 billion respectively last year, it's about time that more of that money went towards paying back the taxpayer money that went towards them way back when.
This is big news. It's sad that this thread only has two replies though because this is something we should be discussing. People don't want to talk about the truth, that's too boring. Instead they'd rather start bullshit threads (ahem Sam) to just clog up the main page and lie to themselves that America is falling apart.
Rattrap
Doesn't feed trolls and would appreciate it if you
Too fucking true.
As for my own two cents...it's good news that I'm happy to hear, but I'm skeptic it'll mean much in the long-run. I don't see any of the systemic problems being fixed and running a deficit, smaller or no, still means we're racking up debt. Still, though...always nice to see returns on massive, involuntary investments of our money.
xfire
New Twitter/X @cxffreeman
That's the same motivation behind the various and sundry "scandals" that have been popping up as of late. Distract the people with the sensational and baseless, while ignoring more substantive positive news. Darrell Issa is the Sam Fisher of the House of Reps.
Can someone provide the numbers to substantiate the deficit reduction?
I'd just like to see the data. Sounds positive though.
I'd just like to see the data. Sounds positive though.
Thanks
I will take a look at all of that once I clear out some work that is pressing me right now.
Just wait until the resident trolls come in and claim it was actually the conservatives or Republicans or anyone but President Obama who accomplished this. Can't give his administration credit for anything.
While I'm delighted in the shift of momentum the budget is taking, I do find it somewhat disturbing that having a paltry $642 BILLION dollar deficit can be cited as an accomplishment. Yeah, the administration has turned things to the right direction, yeah, they inherited a nearly impossible situation, but I'd breath a lot easier if we could be paying down some of our national debt, rather than just paying interest on those loans...Can we get Bill back in office?
http://thegooddemocrat.files.wordpress.com/2008/09/deficit7-11-07.gif
While I'm delighted in the shift of momentum the budget is taking, I do find it somewhat disturbing that having a paltry $642 BILLION dollar deficit can be cited as an accomplishment. Yeah, the administration has turned things to the right direction, yeah, they inherited a nearly impossible situation, but I'd breath a lot easier if we could be paying down some of our national debt, rather than just paying interest on those loans...Can we get Bill back in office?
http://thegooddemocrat.files.wordpress.com/2008/09/deficit7-11-07.gif
One thing I will contribute after quickly glancing over these figures is that the deficit has fallen since we ended combat operations in Iraq. That is a quick and significant impact on these numbers. If not for that, we would still be hanging close to the trillion dollar mark.
vodkazvictim
Why save the world, when you can rule it?
Agreed. Lowering the defense budget would most definitely ease the deficit. At least Obama will be pulling troops out from Afghanistan by 2015 (or so he says. The "Pulling troops out by x year" plan usually seems two years earlier than the actual date.
Fannie and Freddie seem to be holding up their end of the bargain lately.
Sam Fisher
Banned
A lot of CBO's disagree. CBO: Deficit Will Be $845B In 2013 Before Soaring Agian Next Decade!
Sam Fisher
Banned
I wasn't aware there were "a lot" of CBO's.
:sam:
I was hoping you wouldn't say anything. I wanted Mayhem to FREAK THE FUCK OUT (again) and was awaiting his usual tirade. Oh well.
Mayhem
Banned
When are you going to learn how to read? Or are yew followin' in Pappy's footsteps?
Did you not read the original post? That video was published on February 6, 2013 and as the original post said, "The Congressional Budget Office study predicts a 2013 budget deficit of $642 billion, more than $200 billion below its February estimate. Here's some math for you: 642 billion + 200 billion= 842 billion, which was more or less what the CBO projected the deficit to be in the video that you posted. It's now May and as the report says, they underestimated. Obviously arithmetic isn't your strong suit Sam
