US budget deficit cut by more than half under Obama, below avg of 4 decades

Discussion in 'Politics' started by exGOPer, Jan 4, 2015.

Are Republicans being disingenuous by focusing on debt numbers and faking ignorance

  1. They always do

    3 vote(s)
    75.0%
  2. No, they are that stupid

    1 vote(s)
    25.0%
Multiple votes are allowed.
  1. exGOPer

    exGOPer

    The federal government ran a deficit of $486 billion in 2014 – the smallest deficit recorded since 2008, according to preliminary projections from the Congressional Budget Office released Wednesday. Last year the deficit was $680 billion, or $195 billion more than the current projection. The deficit is the size of about 2.8 percent of the economy, a size slightly below the average over the past four decades.

    The primary reason: The government took in about 9 percent more money in 2014 than in 2013 and spent only about 1 percent more this year compared with last. The bulk of the revenues came from individual income and payroll taxes, corporate income taxes and receipts from the Federal Reserve.

    The deficit has shrunk as a percent of gross domestic product for five years now and has steadily diminished since reaching its largest of $1.4 trillion in 2009, on the heels of the financial crisis. The improvement flies in the face of Republican arguments that entitlement spending under Obama has been unrestrained and unsustainable.

    http://www.usnews.com/news/blogs/data-mine/2014/10/08/deficit-hits-new-low-under-obama

    http://www.politifact.com/wisconsin.../obama-says-he-has-cut-national-deficit-half/
     
    kut2k2 likes this.
  2. IAS_LLC

    IAS_LLC

    They are still spending more year over year, and every year it is more than we can afford. Thanks alot, Obama.
     
  3. While you're beating on your drum, tell us about the total government debt. How much has that gone up under Obama?

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    Last edited: Jan 4, 2015
    IAS_LLC likes this.
  4. dbphoenix

    dbphoenix

  5. dbphoenix

    dbphoenix

  6. welcome back.
     
  7. wildchild

    wildchild

    Aren't the dems the imbeciles who have been whining that the house republicans have blocked everything that Obama proposes. Of course, it is going down, the house republicans have been blocking this bastard's agenda for the last 4 years.

    These democrats were crying bloody murder when the republicans shut the government down and then they sit there and act like Obama is a budget hawk.
     
  8. WeToddDid2

    WeToddDid2

    Oblahblah said,

     
  9. Tony Stark

    Tony Stark


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    #10     Mar 25, 2020