300 billion dollar deficit in first two months of fiscal year '13 (house of representatives, unemployment)

[KUchief25]

Where is Susan Powter when you need her??

To paraphrase Tim Geinter: "Risk of the Fed ever ending its monetization? No risk of that." Why? Because as the FMS just reported, the February budget deficit was $172 billion, up $52 billion from a month ago, and $35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the US accumulated a $292 billion budget deficit (compared to $236 billion a year ago), a number which is simply scary when annualized. What does this mean? That as long as the Treasury runs $1+ trillion budget deficit, the Fed will never, ever be allowed to stop monetizing, especially with China and the other legacy foreign borrowers just saying nein. Which in turn means that it will now be in the Fed's favor to paint the economy with uglier colors (recall that the Fed now needs unemployment deterioration to have infinite free monetization reign). Does this mean that going over the Cliff is now an absolute certainty.

U.S. Rakes Up Nearly $300 Billion Deficit In First Two Months Of Fiscal 2013 | ZeroHedge

[Hot_Handz]

At what point does the majority of Americans think to themselves.. "Ok, they definitely want to destroy the dollar"..??

[rw47]

Originally Posted by Hot_Handz

At what point does the majority of Americans think to themselves.. "Ok, they definitely want to destroy the dollar"..??

Dude, keep it down, I'm trying to watch the Kardashians.

[TrapperJohn]

What it means is a de facto perpetuity and loss of liberty for future generations.

[AeroGuyDC]

"Anyone who tells you that America is in decline or that our influence has waned, doesn't know what they're talking about." - Barack Obama

Considering the ineptitude of the idiot in the Oval Office, is there any wonder that the idiots who put him there would fall for this quote hook, line, and sinker?

The blind leading the blind has never been truer.

[Huckleberry3911948]

the sobering point is that 52% of americans dont have a problem with debt that is why they reelected obama.

[dsjj251]

Originally Posted by AeroGuyDC

"Anyone who tells you that America is in decline or that our influence has waned, doesn't know what they're talking about." - Barack Obama

Considering the ineptitude of the idiot in the Oval Office, is there any wonder that the idiots who put him there would fall for this quote hook, line, and sinker?

The blind leading the blind has never been truer.

that last line is hilarious considering that all spending bills originate in the House of representatives which has been controlled by Republicans for the last 2 years.

Paul Ryan's own bill would have increased spending for this year more than Obama, but hey, lets call the Democrats the blind ones. smdh.

[Skydive Outlaw]

Somebody call the Federal Reserve. . . . .


We need them to print some more money ASAP

[dsjj251]

Originally Posted by Huckleberry3911948

the sobering point is that 52% of americans dont have a problem with debt that is why they reelected obama.

the only president in 100 years to balance the Budget was a Democrat. the Republican, Ronald Reagan,said that debt didnt matter. So long story short, you really have no argument. The republican plans added just as much to the debt as Obama, Romney's plan even added more. Ryan's plan would have added more this year than Obama's but cut all types of spending in the next 4 years so that it comes in about 300 billion less than Obama in the next 4 years, whoopty doo.

Again, you republicans either dont know your own party, or simply are arguing for the sake of arguing to defend "your side".

it's sad.

[Hot_Handz]

Originally Posted by Skydive Outlaw

Somebody call the Federal Reserve. . . . .


We need them to print some more money ASAP

I just called...they said they are already on it.