Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-12-2012, 03:24 PM
RNF RNF started this thread
 
141 posts, read 232,545 times
Reputation: 44

Advertisements

@CNBC: BREAKING: White House: Full Year 2012 deficit fell to $1.089 trillion, $207 billion less than 2011.

https://twitter.com/CNBC/status/256832972907495424

http://www.foxnews.com/politics/2012...eficit-at-11t/
Reply With Quote Quick reply to this message

 
Old 10-12-2012, 03:42 PM
RNF RNF started this thread
 
141 posts, read 232,545 times
Reputation: 44
A good/alright start.
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:02 PM
 
Location: Charlotte
679 posts, read 614,565 times
Reputation: 237
Quote:
Originally Posted by RNF View Post
A good/alright start.
No its not.

Look, I know there have been hardships and issues and lack of flexibility in Congress, but the deficit is still a TRILLION dollars. Yes it went down 200 Billion and that's great, but the fact that it is still Over a Trillion dollars is pretty much unacceptable.

All of Congress and the President should be completely and totally ashamed of this complete BS.

Saying at least the deficit is ONLY a trillion dollars is ridiculous, no matter how you spin it
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:13 PM
 
1,692 posts, read 1,959,158 times
Reputation: 1190
Quote:
Originally Posted by eborg View Post
No its not.

Look, I know there have been hardships and issues and lack of flexibility in Congress, but the deficit is still a TRILLION dollars. Yes it went down 200 Billion and that's great, but the fact that it is still Over a Trillion dollars is pretty much unacceptable.

All of Congress and the President should be completely and totally ashamed of this complete BS.

Saying at least the deficit is ONLY a trillion dollars is ridiculous, no matter how you spin it
Myopic.

This is moving in the right direction. Rome was not built in a day.
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:16 PM
 
29,939 posts, read 39,450,111 times
Reputation: 4799
Quote:
The federal government’s fiscal year 2012 has come to a close, and CBO estimates, in the Monthly Budget Review, that the federal budget deficit for the year was about $1.1 trillion, approximately $200 billion lower than the shortfall recorded in 2011. The 2012 deficit was equal to 7.0 percent of gross domestic product, CBO estimates, down from 8.7 percent in 2011, 9.0 percent in 2010, and 10.1 percent in 2009, but greater than in any other year since 1947.
CBO | Monthly Budget Review
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:18 PM
 
29,939 posts, read 39,450,111 times
Reputation: 4799
Quote:
Originally Posted by db108108 View Post
Myopic.

This is moving in the right direction. Rome was not built in a day.
This is like saying you cut off both my legs and one of my arms completely but thank you for only cutting my last remaining limb off 1/4 of the way down my humerus.
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:25 PM
 
Location: Charlotte
679 posts, read 614,565 times
Reputation: 237
Quote:
Originally Posted by db108108 View Post
Myopic.

This is moving in the right direction. Rome was not built in a day.
I agreed that it is great it is decreasing, but we have to set some type of standards. A Trillion dollars is NOT ok. Rome wasn't built in a day, ok, if its going to take longer then you need to cut some spending out immediately, or do something because a Trillion dollar deficit is unbelievable.

The inability for the government to do what it needs to to reduce that is what I say is messed up and ridiculous. If I had come in and just said WORST PRESIDENT EVER or something along those lines and just written it of...that would be myopic.

I qualified my point. Saying this is ok is way lower standards for this country than I'm willing to have. I understood the first year and high deficit, I understood the second year with the slow movement when it went from 1.4 to 1.3. When it stayed at 1.3 it felt a bit rough, but now to have a whole other year with an over 1 trillion dollar deficit is absurdist. At some point somebody needs to cut something.
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 04:28 PM
 
33,387 posts, read 34,820,716 times
Reputation: 20030
a cut of $200 billion in the deficit, not a bad start, but NOT the 50% cut that obama promised in 2008. so nice try, but no cigar.
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 06:12 PM
 
Location: Metro Detroit, Michigan
29,797 posts, read 24,880,628 times
Reputation: 28472
Quote:
Originally Posted by db108108 View Post
Myopic.

This is moving in the right direction. Rome was not built in a day.
Rome didn't collapse in a day either...
Reply With Quote Quick reply to this message
 
Old 10-12-2012, 06:20 PM
 
Location: Long Island
32,816 posts, read 19,471,329 times
Reputation: 9618
Quote:
Originally Posted by RNF View Post
A good/alright start.
a 1 trillion dollar (for ONE YEAR) deficit, is a good start???
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 04:58 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top