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Pensacola Discussion Forum » Politics » Deficit is Falling Dramatically; Only 6% of Americans Know That

Deficit is Falling Dramatically; Only 6% of Americans Know That

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Margin Call
Floridatexan
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Floridatexan

Floridatexan

http://seeingtheforest.com/deficit-is-falling-dramatically-but-only-6-know-that/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SeeingTheForest+%28Seeing+The+Forest%29

"There is no deficit problem. The deficit is down about 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit and is falling at the fastest rate since the end of World War II. Yet the Washington debate is about how and where to cut us back into recession. Why?

Congress should just repeal the sequester – we don’t need it. We have 10 years to fix the long-term deficit situation. We should not be stampeded by deficit-scare propaganda and instead take the time to carefully consider the right approach. That way we won’t make the mistakes that Europe is making.

Deficit Falling

Here is a chart of the deficit as a percent of GDP: (Data sources below)

(see site)


Once again, because it might be hard to register due to the drumbeat of deficit-scare propaganda, this is a fact: the deficit is falling at the fastest rate since the end of World War II. It is down about 50 percent as a percent of GDP just since Bush’s huge $1.4 trillion fiscal 2009 deficit. And the deficit is projected to be stable for a decade..."



Last edited by Floridatexan on 2/27/2013, 11:27 am; edited 1 time in total

Guest


Guest

There is a difference in a "deficit" and the "debt". A deficit is an annual occurence: if revenue is $10 and the Congress spends $11 there is a $1 deficit.

Our national debt is how much borrowing we have accumulated due to the Congress' overspending over the years. The debt now stands at about $16,000,000,000,000.

Guest


Guest

colaguy wrote:There is a difference in a "deficit" and the "debt". A deficit is an annual occurence: if revenue is $10 and the Congress spends $11 there is a $1 deficit.

Our national debt is how much borrowing we have accumulated due to the Congress' overspending over the years. The debt now stands at about $16,000,000,000,000.

And there are some democrats complaining about the debt clock being on display in Congress...To quote Rep Pelsoi..."Washington doesn't have a spending problem"....As absurd as that statement is...several others have joined her opinion...

Guest


Guest

This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

Guest


Guest

PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

The problem is that reid and the cowh are and have done nothing to even attempt to solve the problem(s)...In the old days there would be disagreement but the two parties would identify what could be agreed upon and work from there...there seemed to be some embarrassment that would be felt by the political parties for not doing what was best for the nation...now it's the opposite...Congress (senate) has been a failure and the poll numbers reflect and yet reid has done nothing but reject any proposal from the house with approval from the cowh...

Margin Call

Margin Call

What's all the fuss about? Bernanke basically told Congress he would keep buying Treasuries if they keep spending.

Go out and get some financed assets while you can. How about a new car?

Guest


Guest

Margin Call wrote:What's all the fuss about? Bernanke basically told Congress he would keep buying Treasuries if they keep spending.

Go out and get some financed assets while you can. How about a new car?

Point taken....haven't seen or read anyone here that supports or defends Bernanke...matter of fact most if not all candidates running for office stated they would fire him....

Margin Call

Margin Call

newswatcher wrote:
Margin Call wrote:What's all the fuss about? Bernanke basically told Congress he would keep buying Treasuries if they keep spending.

Go out and get some financed assets while you can. How about a new car?

Point taken....haven't seen or read anyone here that supports or defends Bernanke...matter of fact most if not all candidates running for office stated they would fire him....

Firing Bernanke is as effective as arresting a crack dealer; there are hundreds just like him who would take his place.

Guest


Guest

newswatcher wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

The problem is that reid and the cowh are and have done nothing to even attempt to solve the problem(s)...In the old days there would be disagreement but the two parties would identify what could be agreed upon and work from there...there seemed to be some embarrassment that would be felt by the political parties for not doing what was best for the nation...now it's the opposite...Congress (senate) has been a failure and the poll numbers reflect and yet reid has done nothing but reject any proposal from the house with approval from the cowh...

I think that's where the theme becomes so important (as evidenced by this thread). If it can be framed for mass consumption no real examination (much less solutions) need take place. It's easier than reality.

Point taken mc... I'm behind the curve on personal debt.

Margin Call

Margin Call

PkrBum wrote:
newswatcher wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

The problem is that reid and the cowh are and have done nothing to even attempt to solve the problem(s)...In the old days there would be disagreement but the two parties would identify what could be agreed upon and work from there...there seemed to be some embarrassment that would be felt by the political parties for not doing what was best for the nation...now it's the opposite...Congress (senate) has been a failure and the poll numbers reflect and yet reid has done nothing but reject any proposal from the house with approval from the cowh...

I think that's where the theme becomes so important (as evidenced by this thread). If it can be framed for mass consumption no real examination (much less solutions) need take place. It's easier than reality.

Point taken mc... I'm behind the curve on personal debt.

As they say, don't let a good crisis go to waste.

Margin Call

Margin Call

PkrBum wrote:
newswatcher wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

The problem is that reid and the cowh are and have done nothing to even attempt to solve the problem(s)...In the old days there would be disagreement but the two parties would identify what could be agreed upon and work from there...there seemed to be some embarrassment that would be felt by the political parties for not doing what was best for the nation...now it's the opposite...Congress (senate) has been a failure and the poll numbers reflect and yet reid has done nothing but reject any proposal from the house with approval from the cowh...

I think that's where the theme becomes so important (as evidenced by this thread). If it can be framed for mass consumption no real examination (much less solutions) need take place. It's easier than reality.

Point taken mc... I'm behind the curve on personal debt.

Reality? Nobody has time for that:

http://www.newyorkfed.org/markets/pomo/display/index.cfm?showmore=1&opertype=orig

Guest


Guest

It must be nice to make money by adding digits to the banks balance sheet.

Margin Call

Margin Call

PkrBum wrote:It must be nice to make money by adding digits to the banks balance sheet.

It also seems a rather circuitous method to adding dollars to 401(k) accounts.

Floridatexan

Floridatexan

PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

A markup/discount...do you mean like derivatives based on largely worthless mortgage loans? What is YOUR (not the dictionary) definition of VALUE?

Guest


Guest

I can't learn for you... I'm sorry if you think that's mean of me.

http://en.wikipedia.org/wiki/Real_versus_nominal_value_(economics)

Guest


Guest

Perhaps the human instinct of recognizing when we're being ripped off has been educated out of us.

Guest


Guest

Floridatexan wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

A markup/discount...do you mean like derivatives based on largely worthless mortgage loans? What is YOUR (not the dictionary) definition of VALUE?

Ask Bawny Fwank about that...the mortgage crisis was pretty much his making by writing laws that said EVERYONE had to be approved for a home load regardless of income or job status.

Guest


Guest

"Ask Bawny Fwank about that...the mortgage crisis was pretty much his making by writing laws that said EVERYONE had to be approved for a home load regardless of income or job status."

And don't forget that every loan is good - but some are good for only the first month.

Guest


Guest

Cmon Pdog... That idea/policy was promoted by both sides as the American Dream. Supply n demand did the rest.

Floridatexan

Floridatexan

PACEDOG#1 wrote:
Floridatexan wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

A markup/discount...do you mean like derivatives based on largely worthless mortgage loans? What is YOUR (not the dictionary) definition of VALUE?

Ask Bawny Fwank about that...the mortgage crisis was pretty much his making by writing laws that said EVERYONE had to be approved for a home load regardless of income or job status.

That is nothing but propaganda and partisan BS...no basis in fact.

Guest


Guest

Floridatexan wrote:
PACEDOG#1 wrote:
Floridatexan wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

A markup/discount...do you mean like derivatives based on largely worthless mortgage loans? What is YOUR (not the dictionary) definition of VALUE?

Ask Bawny Fwank about that...the mortgage crisis was pretty much his making by writing laws that said EVERYONE had to be approved for a home load regardless of income or job status.

That is nothing but propaganda and partisan BS...no basis in fact.

Uh, he WROTE the law moron. They were called NINJA loans....no income, no job...no assets

When the Republicans attempted to rein in Fannie Mae and Freddie Mac in 2005, for example, the Democrats called them racists, as usual, and thwarted their efforts by filibustering with only 45 votes in the Senate. (A filibuster allows the minority party to block legislation in the US Senate with only 40 of 100 votes.) Hence, the Democrats prevailed even though the Republicans had the Presidency and controlled both house of Congress. But the general public simply assumes that the party in power must be responsible, and the Democrats managed to perpetrate the blatant lie that Republican opposition to stronger regulation was at the root of the problem.

Democratic Congressman Barney Frank and Democratic Senator Chris Dodd, along with nearly all other Democrats in Congress, opposed the Republicans initiatives to reform Fannie and Freddie, insisting repeatedly that those government sponsored enterprises were in sound financial condition and functioning as intended. Many Democrats claimed that Republicans simply wanted to suppress minority homeownership. It's all on record, both written and video. Dodd and Frank later became the primary architects of the massive Dodd-Frank banking reform Act that was signed into law by Obama. Yeah, those are the two guys who should be rewriting banking regulations! (Not surprisingly, their reform bill does nothing to reform Fannie and Freddie.)

Leftists talk about "greedy" banks and "predatory" lending practices, but it was the Democrats who had actually forced banks against their will to recklessly provide home loans to unqualified applicants, many of whom later lost their homes to foreclosure. Before the housing bubble burst, Bill Clinton's website proudly touted his accomplishments in promoting minority homeownership. After the bubble burst, that material was scrubbed and replaced with material blaming Republicans and banks for the financial crisis and the ensuing major recession. As a community organizer, Barack Obama sued banks to force them to give risky loans to unqualified minorities. Later, as a US Senator, he joined in the Democrats' filibuster of the Republican attempts to reform the subprime mortgage industry. Yet he has the gall to routinely claim with a straight face that Republicans "drove the economy into a ditch." That sort of mendacity is perhaps to be expected from politicians, but we certainly don't have to fall for it.

The bottom line is that Democrats were the primary architects and the driving force behind the irresponsible banking practices that led to the subprime mortgage meltdown, the financial crisis, and the recession that resulted. But they managed to successfully pin the public blame on Republicans, and Barack Obama was elected as a result. If the Democrats are not finally held accountable in the next election, they will continue to wreck the US economy until it is unrecognizable as a free market, and the days of American prosperity will be over.

Floridatexan

Floridatexan

Margin Call wrote:
PkrBum wrote:It must be nice to make money by adding digits to the banks balance sheet.

It also seems a rather circuitous method to adding dollars to 401(k) accounts.

As a matter of fact, it SUBTRACTED dollars from many 401k's.

Margin Call

Margin Call

Floridatexan wrote:
Margin Call wrote:
PkrBum wrote:It must be nice to make money by adding digits to the banks balance sheet.

It also seems a rather circuitous method to adding dollars to 401(k) accounts.

As a matter of fact, it SUBTRACTED dollars from many 401k's.

Deficit is Falling Dramatically; Only 6% of Americans Know That 20121029_CB1_1

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Guest

Pdog... the housing bubble or whatever you want to call it was decades in the make. I distinctly remember carter talking it and reagan progressing it. If we're going to change this govt it's going to take an honest examination. There is almost always a root error... an error in reason... a fallacy.

Guest


Guest

Floridatexan wrote:
PkrBum wrote:This has next to nothing to do with a realistic look at results or possible solutions... it's the populist theme running through the "media" that a markup/discount is a real value. Obama, Reid, and Pelosi say we have NO spending problem.

A markup/discount...do you mean like derivatives based on largely worthless mortgage loans? What is YOUR (not the dictionary) definition of VALUE?

Deficit is Falling Dramatically; Only 6% of Americans Know That Images?q=tbn:ANd9GcSYjHdpmOpRwFg5jEcXZ3xMeaFb_9LiXqgegatN4SLZc5QV-UvO9Q

I don't know.

What is value when they keep coming up with the same stupid ideas for solutions?

*****CHUCKLE*****

https://www.youtube.com/watch?v=Pu_1EiNMMX0

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