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Old 05-18-2013, 11:37 AM   #41
BigRedChief BigRedChief is offline
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Quote:
Originally Posted by patteeu View Post
Left wing shills applauding a deficit of $642 bil as progress simply because it's less than the catastrophic, ill-considered deficits this administration brought to us in it's first few years. Good grief.
Come on man. This is good news no matter what side of the aisle your on. The Republicans can take as much credit for this as Obama.

http://money.cnn.com/2013/04/22/news...its/index.html



Deficits are falling.A lot.

Remember 2009, the depths of the economic crisis? That year, the country spent way more than it brought in andran an eye-popping shortfall that topped 10% of the size of the economy.




This year the deficit is expected to be half that -- around 5.3% of GDP, the Congressional Budget Office estimates.


And by 2015, it's projected to drop to 2.4%.


What's more, the national debt that has accumulated from annual deficitsis also projected to fall to an estimated 73.1% of GDP in 2018 from an estimated 76.3% today.
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Quote:
Originally Posted by rabblerouser View Post
If Jim Hendrix had lived, our society would be a better place for all, no question.
People like Hendrix, Lennon, Cobain were executed by the government (Illuminati) because they were the real movers and shakers, they were the ones the people responded to...
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