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Old 02-28-2014, 05:36 PM
 
Location: Michigan
29,391 posts, read 55,614,054 times
Reputation: 22044

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WASHINGTON — Closing the books on a fiscal year in which the federal budget deficit fell more sharply than in any year since the end of World War II, the Treasury Department reported on Thursday that the deficit for 2013 dropped to $680 billion, from about $1.1 trillion the previous year.

http://www.nytimes.com/2014/02/28/bu...e-2008.html?hp
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Old 02-28-2014, 05:39 PM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
How many "off budget" slush funds do we have now and how many programs are they funding ?
I just read about the expanded veteran benefits bill that got voted down. They planned to fund it with an off budget fund that had no spending cap.

I think a fast one is being pulled on us with programs using "off budget" money.
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Old 02-28-2014, 06:21 PM
 
69,368 posts, read 64,135,461 times
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Wait that means the economy is going to crash.. we've been told non stop that the only thing that an repair the economy is massive $1T+ deficits...
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Old 02-28-2014, 06:22 PM
 
69,368 posts, read 64,135,461 times
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p.s. it fell more sharply than any year since the end of World War II? Who would have figured thats what happens when you spend trillions you dont have and then stop.. go figure.
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Old 02-28-2014, 06:44 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,369,310 times
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Quote:
Originally Posted by pghquest View Post
p.s. it fell more sharply than any year since the end of World War II? Who would have figured thats what happens when you spend trillions you dont have and then stop.. go figure.
Yeah, it's like the 400 lb. guy bragging about how he lost a full 100 llbs. So much more impressive than the 140 lb. guy who lost 3 pounds and is now 137 lbs.
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Old 02-28-2014, 06:52 PM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
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Meanwhile the off-budget spending increased over $200+ billion since 2008.
Yeah..I went and looked it up.
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Old 02-28-2014, 08:26 PM
 
Location: ATX-HOU
10,216 posts, read 8,122,688 times
Reputation: 2037
Quote:
Originally Posted by pghquest View Post
Wait that means the economy is going to crash.. we've been told non stop that the only thing that an repair the economy is massive $1T+ deficits...
If you believe that then you have no grasp on economics.
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Old 02-28-2014, 08:49 PM
 
48,502 posts, read 96,886,289 times
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Well anyone remember the peace dividend under Clinton after Reagan going to solve the deficit problems. Defense has stayed at basic 4%. Wish I got cash for every buy they gave me a discount on to spend in other things. too.Look at CBO projections on deficits.
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Old 02-28-2014, 09:10 PM
 
Location: The Republic of Texas
78,863 posts, read 46,654,236 times
Reputation: 18521
Quote:
Originally Posted by John1960 View Post
WASHINGTON — Closing the books on a fiscal year in which the federal budget deficit fell more sharply than in any year since the end of World War II, the Treasury Department reported on Thursday that the deficit for 2013 dropped to $680 billion, from about $1.1 trillion the previous year.

http://www.nytimes.com/2014/02/28/bu...e-2008.html?hp


The Tea Party taking the house hostage, has benefited the nations spending problems.....

Go figure.
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Old 03-01-2014, 04:56 AM
 
Location: Old Bellevue, WA
18,782 posts, read 17,369,310 times
Reputation: 7990
Quote:
Originally Posted by BentBow View Post
The Tea Party taking the house hostage, has benefited the nations spending problems.....

Go figure.
That basically nails it. If you look at federal spending since 2010, it has stopped growing like 'The Blob' every year. The main two reasons for this are John Boehner and Eric Cantor, and in turn the pressure on those two from the tea party caucus of the house.
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