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10-08-2015, 10:52 AM
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Budget deficit drops to $435B
http://news.yahoo.com/congressional-...-finance.html#
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The Congressional Budget Office report says it's the sixth consecutive drop in a row for the deficit, when measured against the size of the economy, since the $1.4 trillion deficit of Obama's first term
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Liberal media? The CBO doesnt know squat? Whats to blame for his?
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I'm unchained, unblinded, unparallel minded As I refined to combine with the finest finds of Titan
Vicious like lightning, Vikings enticed by full moons on islands Filled with the loot that eluded troops of previous tyrant
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10-08-2015, 11:52 AM
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Re: Budget deficit drops to $435B
what's to blame for what?
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10-08-2015, 12:28 PM
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Re: Budget deficit drops to $435B
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Originally Posted by shazeep
what's to blame for what?
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Well people will come with some lame reason to spin this as a bad thing.
__________________
I'm unchained, unblinded, unparallel minded As I refined to combine with the finest finds of Titan
Vicious like lightning, Vikings enticed by full moons on islands Filled with the loot that eluded troops of previous tyrant
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10-08-2015, 02:56 PM
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Re: Budget deficit drops to $435B
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Originally Posted by Fionn mac Cumh
Well people will come with some lame reason to spin this as a bad thing.
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I'll spin it! The national debt is still large as ever.
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10-08-2015, 02:57 PM
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Re: Budget deficit drops to $435B
ha, well, we could only wish. "Deficit reduction" actually means "deficit still growing, just not quite as quickly." In this case, "only" $435B has been added to the deficit. Plus years of recurring interest, of course.
and wadr i would say "artificial news" over "bad." My understanding is that the "National Debt" is purely a way to milk the populace for the interest upon it. All of the QE seems to reinforce that the money is imaginary anyway.
Last edited by shazeep; 10-08-2015 at 03:00 PM.
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10-08-2015, 03:03 PM
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Re: Budget deficit drops to $435B
Quote:
Originally Posted by shazeep
ha, well, we could only wish. "Deficit reduction" actually means "deficit still growing, just not quite as quickly."
and wadr i would say "artificial news" over "bad." My understanding is that the "National Debt" is purely a way to milk the populace for the interest upon it. All of the QE seems to reinforce that the money is imaginary anyway.
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Right, and nothing to back it up other than the full faith and credit of the US gov. Which simply means they can borrow or collect taxes.
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10-08-2015, 03:14 PM
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Re: Budget deficit drops to $435B
ya, or print their way out of it, apparently. What suckers ever allowed us to go off the silver standard, yikes.
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10-08-2015, 07:19 PM
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Re: Budget deficit drops to $435B
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Originally Posted by Fionn mac Cumh
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I know! And the unemployment rate is 5.1%. Things are really going great, it's just the day to day people don't realize it.
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10-08-2015, 07:23 PM
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Re: Budget deficit drops to $435B
 you are living inside a Ponzi scheme at the end, and pumping $trillions into the black hole, at zero interest, with no hope of escape, looked at from the perspective of empire. don't kid yourself. Get some Keiser.
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10-09-2015, 06:51 AM
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Join Date: Nov 2013
Location: Michigan
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Re: Budget deficit drops to $435B
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Originally Posted by Bowas
I know! And the unemployment rate is 5.1%. Things are really going great, it's just the day to day people don't realize it.
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isn't our national debt at over 18 TRILLION dollars?! And isn't our Debt/GDP ratio at 102%?! As a country we owe more than we make.
When BHO took over our debt was about 9 Trillion and our Debt/DGP ratio was about 65%... but things are going great :/
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