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And which campaign donors might you be referring to?
Anyone or corporation can donate to any polititian or party up to the maximum.
Anyone or corporation can donate to a PAC.
Anyone or corporation can donate an unlimited amout of money to a Super Pac and it's relatively easy to do so anonymously.
The parties nominate the person they believe is most capable of raising the most funds.
When Congress is not in session, Congressmen spend the majority of their time fund raising or meeting with doners.
80% of former Congressmen end up being employed by Lobbying firms. Those with the best connections and fund raising abilities can earn serious $7 figures a year. Others move on to employment by Pacs and Super Pacs.
Super Pacs are responsible for most of the Hate campaign videos.
Here a link to one reporting a Hillary tape of sex with a Panda. That's right up there with the fake tape of Obama being born the size of a toddler reported to have been filmed in Keyna.
When the Budget deficit was at 1.4 trillion dollars. The trend line of actual budget deficits shows them declining. This is a good thing. The CBO estimate that they are sticking to, 5 months into the current fiscal year shows the deficit should decline again this year. That is a good thing.
Assuming no new events, I would bet that the final budget deficit number for 2013 is within 10%+/- of the CBO estimate. That would between 920 and 740 billion. Anything within the range would be good progress. It would be a good thing.
There was no realistic way that 1.4 trillion budget deficits were going to be eliminated within a single budget year or even several years.
and when the CBO made that esitmate....before a 50 BILLION dollar SANDY event.....before a millions give away to egypt....and before what '''could''' be a costly sequester
funny thing how obozo has no problem with giving tuition assistance to illegals, but just cut giving them to soldiers and marines
Based on the way some of the people here have screamed and moaned about really simple cuts to tourism, like the White House tours, I think it might be wise to wait and see what the impact of the rest of the sequester cuts will be as they filter down for things like food inspection, etc. Like usual, a bunch of you jump the gun, and you're usually wrong.
Stopping White House tours was not a "simple cut in tourism" and the protests were about the politics and symbolism of it, not about money. Your characterization of it as screaming and moaning about a simple cut to tourism is absurd.
The federal budget deficit was $495 billion for the first five months of fiscal year 2013, $86 billion less than the shortfall recorded for the same period last year, CBO estimates. If lawmakers enacted no further legislation affecting spending or revenues, the federal government would end fiscal year 2013 with a deficit of $845 billion, by CBO’s estimate, about $240 billion less than the 2012 deficit.
495/5=99 99x12=1,188
Um, that's a deficit of $1,188 billion for fiscal year 2013...
Your propaganda sucks.
That wouldn't be so bad but your deficits are on the verge of exploding via OASDI...
And, no, exploding doesn't mean it'll happen over the course of a year. By 2035 the drag on the economy of OASDI will be $1 trillion per year and will grow every year after that. Unless of course you raise taxes to counter that. Yeah, that'll be tax increases of $1 trillion for the year. That certainly won't put any sort of drag on the economy.
Also, your claim that " 2009 was the year we allowed Obama to spend $800 billion to pay off campaign donors," is factually incorrect on several levels:
-- The stimulus was $778 billion, spread over TWO years, with the largest single share of the stimulus tax-cuts, not $800 billion in 2009.
-- Also, the meme that the stimulus went to Obama donors is moronic. Most of it was aide to the states, tax-cuts and Where those who got tax-cuts donors?
This is where the stimulus went:
Holy crap Goebbels. Do you not see how your little chart went straight to people who openly campaign for democrats and Obama in particular. The "tax cuts" are nothing compared to the payoff to unions, "green" companies and students.
"Aid to people hurt by Bush recession"
WTF is wrong with you people (using the word people loosely)?
Bush walked into a recession. Did you expect him to use the full force of the federal government to stop people from buying houses?
You folks are clueless. I'm as ashamed to be part of humanity reading post like yours as I am when I get to experience the intellectual bankrupt who think they're being green throwing their "recyclables" away (kitty litter, lettuce, rotting vegetables, etc.).
Man, it sucks to see humans going backwards in evolution. I guess the whole from order to chaos thing is being proven daily.
Last edited by BigJon3475; 03-11-2013 at 02:20 AM..
Perhaps in raw numbers but as a percent of the economy it's shrinking and that's all that matters. As Paul Krugman notes in today's column, the nation never paid the debt from World War II, the economy just grew so much faster it made the debt irrelevant.
Dr. Krugman confirmed everything the OP (me) said.
Quote:
But after peaking in 2009 at $1.4 trillion, the deficit began coming down. The Congressional Budget Office expects the deficit for fiscal 2013 (which began in October and is almost half over) to be $845 billion. That may still sound like a big number, but given the state of the economy it really isn’t.
Bear in mind that the budget doesn’t have to be balanced to put us on a fiscally sustainable path; all we need is a deficit small enough that debt grows more slowly than the economy. To take the classic example, America never did pay off the debt from World War II — in fact, our debt doubled in the 30 years that followed the war. But debt as a percentage of G.D.P. fell by three-quarters over the same period.
Right now, a sustainable deficit would be around $460 billion. The actual deficit is bigger than that. But according to new estimates by the budget office, half of our current deficit reflects the effects of a still-depressed economy. The “cyclically adjusted” deficit — what the deficit would be if we were near full employment — is only about $423 billion, which puts it in the sustainable range; next year the budget office expects that number to fall to just $172 billion. And that’s why budget office projections show the nation’s debt position more or less stable over the next decade..
Now that the unemployment rate has dropped so significantly, and the dire predictions of the sequester turned out to be untrue, it's time to cut those welfare programs, slash food stamps -- they are no longer needed. Anyone who wants a job can certainly find one with the unemployment rates dropping so fast.
I tend to take the unemployment figures with a grain of salt. Back in 2011 I read an article that quoted unemployment payout and unemployment rates for two months. One was November of 2007 the other was November of 2010. The payouts for unemployment were almost 2X higher per % of unemployment in 2010 than they were in 2007. The math worked out to an unemployment rate of over 17% but they were claiming 9.8%
I tend to take the unemployment figures with a grain of salt. Back in 2011 I read an article that quoted unemployment payout and unemployment rates for two months. One was November of 2007 the other was November of 2010. The payouts for unemployment were almost 2X higher per % of unemployment in 2010 than they were in 2007. The math worked out to an unemployment rate of over 17% but they were claiming 9.8%
Your math is flawed because in 2007 layoffs were most low paid and seasonal workers. In 2010, there were many higher income workers layoffs and those workers get a larger UI benefit.
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