Hey Media! A "slightly smaller deficit" is STILL a deficit!!!

[ComerPerro]

and it is certainly nothing to brag about or celebrate.

Also, lets not forget that this deficit doesn't even include spending on the war, since its off budget.

This truly is the administration of lowered expectations.

[rocktivity]

1. And if he hadn't lied about Iraq and instituted the tax cuts

There wouldn't have been a deficit in the first place.

:headbang:
rocknation

[ComerPerro]

5. And my question is, after six years, the best tax cuts do is lower deficit

by about 100 billion?

That's it, after six years?

[Bjornsdotter]

2. Reaganomics

Two negatives make a postive.....:eyes:

Cheers

[gratuitous]

3. Hey I only overspent by $300 billion

And I thought I'd overspend by $400 billion or more. Victory!

The New York Times (!) had an editorial this morning calling this charade for what it is. I wonder if the rest of the media will take the time to think about what the corrupt Bush administration is crowing about before they breathlessly report that the Bush economic policies are now vindicated as a complete success.

I'm guessing "no."

[mccoyn]

4. It might be an accomplishment...

as long as you don't compare it to the last 8-year president.

[bullimiami]

6. so their projection was wrong? figures. they are wrong about everything.

[Liberal In Texas]

7. They overestimate so they can come back when the numbers are in and say,

"See, it isn't as bad as we thought." They do this every year.

It's a form of lying.

[Quantess]

8. So, B*sh sucks slightly less today than yesterday.

I briefly looked at FAUX, where they were doing an infomercial about how the economy has been doing super for 18 straight quarters.

Turns out, B*sh is not a 100% complete and utter incompetent failure.
The real figure is closer to 98.9%
Thanks for pointing that out, media!

[EstimatedProphet]

9. You should have seen the fawning going on on CNBC

"This is good news for the administration!"

BULLSHIT! This is yet another case of lying to the public, trying to convince them that a decrease in the deficit actually means a positive inflow of money to the treasury! Yay! Our bills are only twice what we make instead of three times what we make! At this rate we'll all be millionaires!

[w8liftinglady]

11. the anchors on bloomberg TV sounded pretty disillusioned..

"this is the economic equivalent of landing on an aircraft carrier and announcing 'mission accomplished'"

[EstimatedProphet]

12. That's encouraging

[Quantess]

13. The BS word inspired me to write this analogy:

Suppose some arrogant guy who resembled a chimp took a huge dump on your front porch. Instead of cleaning it up right away, he comes back the next day, and poops some more. Every day, he's crapping on your front steps, until there's a mountain of dung.

Then one day, to your great surprise, the chimpy-looking guy takes a teaspoon and flings away a scoop of his mountain of poop.

The pile of shit is smaller now, aren't you happy?!!

[EstimatedProphet]

14. Good analogy! Except the pile of shit is BIGGER in this case

because it represents all the lies.

[Quantess]

15. Thanks!

I giggled myself silly when writing it, but I think it's pretty good.:D

[leeroysphitz]

10. Yeah, a imperceptibly less VAST deficit.

Shrub can crow about this "achievement" all he likes but I remember that we went into this whole mess with a healthy surplus.

[ComerPerro]

18. Here's what really bother's me: They are talking about the suprise

that its lower than projected.


Doesn't that just suggest that the administration is incompetent?

And wouldn't it indicate that they weren't even expecting these tax cuts to work?

[rustydog]

16. My daddy only beat me twice a day! Look on the BRIGHT side

[ComerPerro]

17. Some freak on CNN tried to say it was "small compared to GDP"

and came up with this analogy:

Imagine a family buys a house for $250k. Sounds like a lot, especially if the family makes $25k a year and only owns $5k in assets. But imagine the same mortgage goes to a family that makes $100k in a year, and has $20k in assets. Then its a smaller percentage and much more acceptable debt.



Ok, fair enough. But that overlooks one crucial detail.


No family can survive if they spend more than they make every year!

According to this RW apologist's analogy, the family would be buying a @350k house EVERY YEAR!