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Sun Oct 7, 2012, 08:52 PM

Score For Obama! The 2012 Deficit Down By $207 Billion And Heading Lower

The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury Department

The September 2012 numbers show an increase in receipts of about $23 billion, or 9% higher than the same period a year ago and a decrease of $115 billion in spending.


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http://www.addictinginfo.org/2012/10/06/score-for-obama-the-2012-deficit-down-by-207-billion-and-heading-lower/

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Reply Score For Obama! The 2012 Deficit Down By $207 Billion And Heading Lower (Original post)
ProfessionalLeftist Oct 2012 OP
porphyrian Oct 2012 #1
Cha Oct 2012 #2
ProfessionalLeftist Oct 2012 #5
Cha Oct 2012 #11
Skidmore Oct 2012 #3
ProfessionalLeftist Oct 2012 #6
Cha Oct 2012 #12
Historic NY Oct 2012 #4
femmocrat Oct 2012 #7
Tennessee Gal Oct 2012 #9
mick063 Oct 2012 #8
JoePhilly Oct 2012 #14
girl gone mad Oct 2012 #24
awake Oct 2012 #10
SheilaT Oct 2012 #13
ErikJ Oct 2012 #18
karynnj Oct 2012 #15
jillan Oct 2012 #16
Iliyah Oct 2012 #17
still_one Oct 2012 #19
AllyCat Oct 2012 #20
NOLALady Oct 2012 #21
Mister Ed Oct 2012 #22
ProfessionalLeftist Oct 2012 #23
Mister Ed Oct 2012 #25
Voice for Peace Oct 2012 #26

Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 08:53 PM

1. . n/t

 

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 08:54 PM

2. Thanks ProfessionalLeftist

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Response to Cha (Reply #2)

Sun Oct 7, 2012, 08:58 PM

5. I bet the media almost completely ignores this...

...we know Fox will. I do like the fact that in a little more than two days, two of the 'Pubes biggest talking points have dissolved: unemployment is now under 8% and the deficit is lower and going down.

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Response to ProfessionalLeftist (Reply #5)

Sun Oct 7, 2012, 09:13 PM

11. Of course the "media" will ignore it..they're too busy

playing "rescue mittLies".

It's Miracle News!

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 08:55 PM

3. Prepare for "Cook the Books: The Sequel." You know its coming.

Good for him for sticking with it in spite of everyone.

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Response to Skidmore (Reply #3)

Sun Oct 7, 2012, 09:00 PM

6. Yea - if Fox doesn't outright ignore it, they'll...

....claim the White House "cooked" the numbers on this too. They'll have to have Jack Welch on again. Pfft.

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Response to Skidmore (Reply #3)

Sun Oct 7, 2012, 09:14 PM

12. LOL

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 08:56 PM

4. This just isn't Williards week...

jobs up deficit down.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:00 PM

7. Let's hope he uses this in the next debate!

Counter romney's lies, would'ya?

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Response to femmocrat (Reply #7)

Sun Oct 7, 2012, 09:02 PM

9. Yes, a sure sign that with things improving now is not the time

for a change at the top!

Forward!

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:02 PM

8. Wait until sequester (ie austerity) kicks in

 

We may lose a heck of a lot of public sector jobs. We may go back into recession. We may not be able to provide traditional government services. We may lose our saftey net. But that deficit will be under control.

Get ready for the Social Security "sunset" law. It's coming.

All in the name of protecting assets in hedge funds and foreign accounts.

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Response to mick063 (Reply #8)

Sun Oct 7, 2012, 09:19 PM

14. Let's run screaming .... over to Romney.

Not.

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Response to mick063 (Reply #8)

Mon Oct 8, 2012, 04:29 PM

24. Exactly. No one should be cheering deficit reduction..

in the midst of a recession and unemployment crisis.

People need to ask themselves why they are celebrating numbers on a spreadsheet while their fellow Americans are hurting.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:06 PM

10. 1st U.E. 7.8 then 2nd the Deficit Down By $207 Billion

right jab then left hook. reality hits back at Mitt, not long before he goes down.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:18 PM

13. I have seen charts that show deficits decreasing under Democratic administraions,

and increasing during Republican ones.

How very bizarre.

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Response to SheilaT (Reply #13)

Sun Oct 7, 2012, 09:50 PM

18. Look up "Two Santa Claus" theory

They tell their voters they are Fiscal Conservatives but since 1980 have spent large and cut taxes to drive up the deficits and then when Dem president get in start screaming about the national debt and how we have to cut entitlement spending.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:32 PM

15. A predictable result because of the unemployment trend

As more people go back to work, the spending on unemployment goes down and the revenues - from taxes on the new employees goes up. Also, as more people go back to work, they start spending more, leading to more employment.

(There is also likely some impact because the states where you can collect extended unemployment are far fewer. This helps the numbers, but the long term unemployed are suffering more because of it.)

I wonder if this could be used to reduce the amount of spending cuts required.

This trend will also make it seem as though the President in office made the economy better.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:40 PM

16. But but but Mitt "beat" him in the debate - that's all that the msm cares about.

They'll never report on this

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 09:48 PM

17. The truthers are on it!

Fudge numbers cause O had such a horrible debate he must distort the numbers just like the unemployment and jobs numbers!

Welch, West, and all of Fake News will set the record straight! The Mormons, Beck, Limpballs, Hucklebee(sp), Boone and Robertson will pay it away. Mittens and Mini Mitt, the serial liars will give their own account, and Mary Maltin will tell everyone that they are all lying.

Meanwhile, Pres O and VP Biden and the Democratic Party want America to recovery and succeed. The GOP party want America fail.

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 10:06 PM

19. I can hear it now. welsh will make another twitt, the MSM will pick it up and imply that maybe the

administration fixed these numbers also

conspiracy


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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 10:35 PM

20. But he should have done it faster! And he's cooking the books!

(comes the wailing refrain from the right).

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 11:49 PM

21. October surprise?

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Response to ProfessionalLeftist (Original post)

Sun Oct 7, 2012, 11:51 PM

22. Deficit 7% of GDP? Didn't Romney claim it was 42% of GDP, just like Spain's deficit?

I thought I heard him say that in the debate.

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Response to Mister Ed (Reply #22)

Mon Oct 8, 2012, 11:25 AM

23. Yea. But everything he said in the debate was a lie. n/t

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Response to ProfessionalLeftist (Reply #23)

Mon Oct 8, 2012, 07:01 PM

25. Exactly.

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Response to ProfessionalLeftist (Original post)

Mon Oct 8, 2012, 07:03 PM

26. What do you think about THAT, Mister Fixit??

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