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It's not "cherry picking" to compare this time THIS YEAR with this time LAST YEAR - it's simply oranges to oranges and looking at the CALENDAR YEAR. If the 1st quarter of THIS YEAR is so much BETTER than the 1st quarter of LAST YEAR, what do you think that says about the LIKELYHOOD of the ENTIRE FISCAL YEAR this year being better than the ENTIRE FISCAL YEAR last year?
Both the federal government's budget and its deficits are recorded via fiscal year.
Cherry-picking interval data gives a misleading impression as federal spending is not uniformly consistent throughout the fiscal year.
Again, it's NOT "cherry picking" to show that the collapse of the deficit is excellerating. Budget planners KNOW that federal spending is not "uniformly consistent throughout the year" and yet they STILL overestimated the final fiscal year deficit (estimates of the deficit were repeatedly revised downward over the course of the fiscal year) - indicating that the deficit was collapsing faster than predicted.
Aside from that overall trend over the course of the calendar year, coompare the Oct-Dec 2012 numbers and the Oct-Dec 2013 numbers. The fiscal year is now HALF OVER and the 1st half fiscal year 2014 is wayyyyyyyy better than the 1st half fiscal year 2013.
No matter HOW you look at it - either by calendar year OR fiscal year, the deficit is collapsing big time.
Look directly at page 2 of the treasury report itself:
You yourself cherry-picked and gave a fake number for the 2013 deficit.
I didn't cherry pick, I simply gave the 2013 number. It is what it is. How is that "fake"?
The fact that YOU don't like what that number says(ie that the deficit is collapsing faster than anticipated) doesn't make it "fake".
It said RIGHT IN MY POST "calendar year". The fact that you don't seem to understand that is not my problem:
Quote:
Originally Posted by LordBalfor
Which must be why the deficit has been cut in half since 2009 eh?
"...To get an idea of how quickly the deficit is dropping, consider how much it fell from calendar year 2012 to 2013. For all of 2013, the deficit was $560.5 billion compared to $1.06 trillion in 2012. That’s a drop of about $500 billion.
Three months into fiscal 2014, in other words, the deficit has dropped just over one-fifth of what it did in a whole calendar year.
Numbers like these will make calendar year 2009 a distant memory: that year the deficit peaked at $1.47 trillion, up from $680 billion in 2008, as the U.S. struggled with the financial crisis..."
I didn't cherry pick, I simply gave the 2013 number. It is what it is. How is that "fake"?
It does not correspond to the federal government's fiscal year, which is how budgets and deficits are recorded. You know that. You've been caught in a lie, and you're scrambling.
It does not correspond to the federal government's fiscal year, which is how budgets and deficits are recorded. You know that. You've been caught in a lie, and you're scrambling.
So it's not the fiscal year?
So what?
Does that CHANGE the data?
The data says what the data says - and the data SAYS the deficit is COLLAPSING - whether you look at it by FISCAL YEAR OR CALENDAR YEAR.
My post said outright "calendar year' - so how EXACTLY did I "lie"? I'm not responsible for your poor reading comprehension skills.
I NEVER said it was the "fiscal year".
It's not my fault you can't read what was clearly written.
As usual for a representative for the "Party of (no) Personal Responsibility" you seem to only believe in "personal responsibility" when the person is "someone else". Take responsibility for your own lack of reading comprehension skill. The quote CLEARLY compared calendar years - and said so TWICE>
And as I said, whether you look at the calendar year OR the fiscal year, the result is the same - the deficit is collapsing, and those very same numbers that were displayed in the calendar year 2013 are also used in the fiscal year 2014. The calendar year numbers are simply a preview of what the fiscal year numbers will be.
I have listened to this BS about the rich are job creators, the Ayn Rand BS about the wealthy are the engines of the economy. That is total BS. Why are we in the situation we are in right now?
Because the government interferes with a free economy.
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