Did You Know the Deficit Is Shrinking?

Vice Lord wrote: Most Americans Don't, Thanks to Shameless Deficit Hawk Propaganda

The deficit is down 37.6 percent for the first 10 months of 2013. But half of Americans think it’s growing. Here are the facts friends: The U.S. budget deficit has been shrinking at a rapid rate over the last few months. The deficit peaked at 10.2 percent of GDP in 2009, but over the past four quarters, it has shrunk to a mere 4.2 percent of GDP. What’s more, the Congressional Budget Office predicts that the deficit will fall to 2.1 percent of GDP in 2015.

Why such a disconnect? Unfortunately, disgraceful propaganda has left the public misinformed, confused and woefully ignorant.

This is actually all over the place.

I have found much news that the amount that we are over borrowing by is decreasing. Many people don't understand this stuff. This is trending in the right direction. An absolute tiny drop in the ocean, but a drop none the less.

This is like if you have a serial killer on the loose and he typically has killed 100 people a month....and for the last 10 months he has only killed 90. Wahhoooo, 10 people a month saved relative to the "normal" state of killing when we have serial killers on the loose.

Like LJ said this is nothing like the debt. The debt is the pile of bodies at the morgue, not the rate at which serial killers produce them - although one would be amiss if we were to pretend they are not related, in fact very related, one is simply the long term accumulation of the other. The debt is the total of the deficits plus the cost of borrowing the money. Where typically the morgue recvs. 100 bodies a month from this guy, recently it has only rcvd. 90.

The point is that the morgue would be far better off at some point in the future if we stop the serial killer and only have deaths from natural causes in the morgue...perhaps we save the praise for when the serial killer is caught?

When you have a debt, I think at any given time it is best thought of in terms of the payoff. If paid in full today, what would the average American's share be, your share of the debt and deficit? Did that go down in the last 10 months. I think the answer is no, I don't think this has gone down since the Clinton years, named for him, but not because of him, because of us.

On the previous page, LJ once again shows her old graph which she has posted many times before.

That graph ends in 2008. Huh, I wonder why? And it only shows the President's party, not the parties that control the Senate and the House. And it ends with that "New Record!" deficit of $1017 billion.

Let's look at that year plus the missing fiscal years up to the present. And lets indicate the parties in power in the order of President, Senate, House (D D R means Dem President, Dem Senate, and Rep House). Then we'll show the total national debt, and end with the deficit for each year...

Fiscal Year_____ Parties____ Total Debt____ Deficit

10/2012-3/2013__ D D R____ $16,766,988__ $1,401,494 (annualized)

10/2011-9/2012__ D D R____ $16,066,241__ $1,275,901

10/2010-9/2011__ D D D/R__ $14,790,340__ $1,228,717

10/2009-9/2010__ D D D____ $13,561,623__ $1,651,794

10/2008-9/2009__ R/D D D__ $11,909,829__ $1,885,104

10/2007-9/2008__ R D D____ $10,024,724__ $1,017,071


So compared to that "New Record" of $1017 billion in 2008, the deficit has exceeded that every year since and is projected to be $1401 billion in 2014.

The national debt has skyrocketed from $10 trillion in 2008 to almost $17 trillion in 2013 (projected).

Why wasn't all that on LJ's graph?

http://home.adelphi.edu/sbloch/deficits.html

I think, if anything, what all the data shows is that neither party is behaving in a fiscally responsible matter and they haven't for a long time. It's always easier to point your finger at the other guy than to accept responsibility for what the guy you voted for did. I will happily admit that I was appalled at what happened spending wise under both Reagan and Bush. Yes, I am also critical of Obama, but I didn't vote for him. Republicans need to step up and explain to fiscal conservatives what they will do differently if they want our votes. I, for one, demand it of my candidates before I cast my vote. I hope fiscally responsible Democrats do the same.

And while the usual Randroids wring their hands about "Da Nat'l Debt", (instead of worrying about jobs and the economy, and the number of kids kicked off of Headstart, and the number of Seniors seeing their nutritional programs and energy-assistance programs cut back, and the number of veterans going without services....while ignoring the fact that the 1% are getting even richer); here's some interesting info:

One Investment [Infrastructure improvements] That Can Reduce Our Long-Term Debt


Obama Proven Right as CBO Finds GOP Backed Spending Cuts Don’t Reduce Debt


More jobs will help national debt


I'm sooooo not interested in your hysterics about "passing the debt to our children/grandchildren, when it's obvious that the Republican Party is responsible for more debt than all of the Democrats combined... Instead of that "laser-like focus on jobs, jobs, jobs", the laserlike focus seems to be on abortion, abortion, abortion; voter-suppression, voter-suppression, voter-suppression; making sure that 30 million Americans DON'T have health care; even more millions who are out of work, but looking, get kicked off of Unemployment as fast as possible; grousing about people getting food-stamps to feed their families.....and the occasional bill to protect "Merry Christmas".

The usual Randroid knuckle-dragging "Let 'em eat cake" mentality... I have nothing but unbridled contempt and loathing for the sociopaths that are more worried that someone else making more than $250,000/year may have to pay a little more in taxes, as long as they screw the poor. Take your scary statistics and send them to the fact-free echo-chamber... BOO!

You'd get a lot more discussion on your posts if you left out the BS name calling. Once again on ignore.

I'll get over it...

In the meantime, I'm going to call people that say "people-in-need are 'parasites'" for the ugly contemptible less-than-human beings that they are.

pineinthegrass wrote: On the previous page, LJ once again shows her old graph which she has posted many times before.

That graph ends in 2008. Huh, I wonder why? And it only shows the President's party, not the parties that control the Senate and the House. And it ends with that "New Record!" deficit of $1017 billion.

Let's look at that year plus the missing fiscal years up to the present. And lets indicate the parties in power in the order of President, Senate, House (D D R means Dem President, Dem Senate, and Rep House). Then we'll show the total national debt, and end with the deficit for each year...

Fiscal Year_____ Parties____ Total Debt____ Deficit

10/2012-3/2013__ D D R____ $16,766,988__ $1,401,494 (annualized)

10/2011-9/2012__ D D R____ $16,066,241__ $1,275,901

10/2010-9/2011__ D D D/R__ $14,790,340__ $1,228,717

10/2009-9/2010__ D D D____ $13,561,623__ $1,651,794

10/2008-9/2009__ R/D D D__ $11,909,829__ $1,885,104

10/2007-9/2008__ R D D____ $10,024,724__ $1,017,071


So compared to that "New Record" of $1017 billion in 2008, the deficit has exceeded that every year since and is projected to be $1401 billion in 2014.

The national debt has skyrocketed from $10 trillion in 2008 to almost $17 trillion in 2013 (projected).

Why wasn't all that on LJ's graph?

http://home.adelphi.edu/sbloch/deficits.html

Maybe he had to increase spending a little with a stimulus package because of that depression we were death spiraling into when he took office..Ya think?

You guys can say whatever you want, but you are the big spenders, always have been, always will be- And you can wave your little flags all day and pretend you love freedom by going overboard honoring "the troops" but youre the fascists in our society, always have been, always will be...What ya are, and what you'd like to think you are...are two vastly different things my friend

#hypocrites

Vice Lord wrote: Maybe he had to increase spending a little with a stimulus package because of that depression we were death spiraling into when he took office..Ya think?

You guys can say whatever you want, but you are the big spenders, always have been, always will be- And you can wave your little flags all day and pretend you love freedom by going overboard honoring "the troops" but youre the fascists in our society, always have been, always will be...What ya are, and what you'd like to think you are...are two vastly different things my friend

#hypocrites

All I did was provide data for the last five years that was missing from LJ's old, often posted graph.

I didn't wave any flags or call anyone names. In fact, I didn't even draw a conclusion about the data, nor did I blame Obama.

So if you want to criticize me for completing LJ's graph, you should of also criticized her for posting it in the first place.

#hypocritesX2

Wow, LJ, you don't understand so you contort the way something is pronounced to deflect it and somehow can never explain the logic yourself in your own words, your own words sound like:

Oggie booogie, unga unga.

We created the debt by not being able to take care of ourselves. The debt is the measure of the success of the country, right behind the number of people behind bars.

We are a failure and this thread makes sense, this thread is about avoiding admitting that.

The cutest part is where people try to pretend that their are two parties and that one made something happen and the other did not. What a childish joke. They are on the same team, The team that wants your money and control of it. They are winning and they have an offense and a defense, otherwise known as democrats and republicans. Their goal is the same and involves you thinking they are on different teams, they are very good at what they do and as shown by both the debt and the prisoners, you are generally very bad at what you do.

So the Obama/GOP bipartisan sequestration is working?

And the bipartisan agreement to increase capital gains to 20%. As the market keeps rising the Feds get a cut from those people taking profits in the market.