With threats of impeachment, Pres. Obama is mistaken if he
thinks lowering the deficit is going to save him. Republicans have Obama on the
ropes, with Benghazi, the release of thousands of murdering illegal aliens and
the massive collapse of ObamaCare that crushed conservative families everywhere.
Of course revenues would have been much higher if the Democrats were
able to pass their agenda and prove their ideas are much better for the country than the “borrow
and spend like drunken sailors” GOP platform.
AP: The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years. The Treasury Department said Monday that April's surplus totaled $106.9 billion.
Through the first seven months of the 2014 budget year, which began Oct. 1, the deficit totals $306.4 billion. That's down 37 percent from the same period last year.
The Congressional Budget Office is forecasting a deficit of $492 billion for the full budget year. That would be the narrowest gap since 2008.
Because the CBO always has such a wonderful track record of being right.
ReplyDeleteAs usual, you're only looking at what's in front of your face? What about the outlays from obamacare? Who exactly are the drunken sailors on a spending spree? They ALL are! Obama has spent more than all other presidents combined. And sure you can raise revenues in the short term by raising taxes, but rising tax rates always result in lower revenues because the government is not as efficient as the private sector. When the people are taxed more, the economy contracts.
It would appear liberals want everything but want somebody else to give it to them. Good luck.
I see you're in Stages 2 and 3- denial and anger. Maybe one day you'll evolve into acceptance of the reality that Dems are the true party of fiscal responsibility.
Delete
ReplyDeleteWelcome to ReaganBushDebt.org
This site tracks the current Reagan Bush Debt.
The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and
the Republican fiscal policy of Borrow-And-Spend.
As of Thursday, May 15, 2014 at 3:04:54PM CT,
The Current ReaganBush Debt is:
$16,250,951,604,613.00
which means that in a total of 20 years,
these three presidents have led to the creation of
93.01%
of the entire national debt
in only 8.4034% of the 238 years of the existence of the United States of America.
Calculation Details | Tell A Friend | Send a Comment | RSS
Bush left Obama massive bills to pay, year after year. He's not spending new money, it's the debt left by Bush and the GOP spending spree...tax cuts, 2 wars and Medicare part D, oh and the Great Recession.
ReplyDeleteObama's debt, or the GOP's? Be honest.
And ObamaCare is saving money and is paid for. In fact, you're complaining about the "paid for" part aren't you.
And thanks for the Reagan/Bush Debt number. It's accurate.
ReplyDelete