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Why would you offer up a graph in percentages. If the deficit is really dropping then show it in $$$.
What we don't want to see is this trend continuing:
I don't care whose fault it is. Dems and Repubs both owe an explanation. Why did your most recent President double our National Debt? The thing we need is for the overall federal debt to shrink. The deficit only represents how much we're piling onto it.
Here's how we've been doing lately:
Congratulations Barry, you've finally borrowed less than $1 trillion in one year. But you're still growing the federal debt at an absolutely alarming rate!
A WHOLE LOT "less than $1 trillion in one year".
And to answer your question "why did your most recent President double out National Debt"?
Well first off - the only President on your graph who "doubled the nation debt" was Bush (and even he did't QUITE do that - but pretty close). Why don't you tell ME why he doubled it. And by the way, Bush AND Obama are not just "MY" president, they were/are "YOUR" president as well.
Secondly, the 2009 budget was BUSH'S last budget (budget years run from Oct to Sept), but aside from that, the REASON the DEFICIT grew so much from 2007 to 2010 is quite simple - a HUGE RECESSION. Roughly half the increase in the deficit was not due to higher spending at all, but rather due to a steep drop-off in tax revenues. Such increases in the deficit happen EVERY TIME there is a recession - this one was particularly steep and deep.
450,500,600...the end result is the same isn't it?
A charred husk of a corpse.
The post makes sense if you understand how budgets work (you obviously don't).
Celebrating a reduction in the deficit ignores the fact it's still growing, yet just a little slower.
Or, as someone else said, "instead of gaining 20lbs a year we're only gaining 10lbs a year, look how thin we're getting".
You can't spend your way out of debt.
Yes, you can, if you're a government. When the economy is good, tax income rises. When you suck the money out of the economy with austerity, taxes fall. A 5-year-old would understand this.
Besides, I'm waiting for you to tell me how you get anything to go down without stopping the rate of its rise. Magic?
You cannot have the nation throw enough poor people over the cliff to get out of financial debt either, without incurring a moral debt orders of magnitude greater. And you cannot have the nation shut down its national defense, without incurring massive risks that no reasonable person would suggest. And you cannot stop paying interest on existing debt to get out of debt, without making everything cost more for everyone. And so on... So what's your point? What specifically are you complaining about? If you want to cut specific things from the budget, then say what they are, and defend the removal of those things from the budget, on both financial and moral grounds. Just whining about how much everything costs, taken together, refusing to do the hard work of understanding what "everything" is and what all the different "everythings" mean to people other than yourself, isn't impressive.
Yes, you can, if you're a government. When the economy is good, tax income rises. When you suck the money out of the economy with austerity, taxes fall. A 5-year-old would understand this.
You're completely ignoring the very real effects of printing too much money to cover the spending.
Quote:
Besides, I'm waiting for you to tell me how you get anything to go down without stopping the rate of its rise. Magic?
Generally stopping the rate of the rise is the first step in getting something to go down.
Is the deficit falling, yeah, if you only look at short term, (which you are)
but not only is the deficit falling expected to be short term, per the CBO, if you expand the period of time out even further than a short attention span most Democrats seem to be only capable of, you'll see that the deficits are still many many times higher than they were under Bush, the very ones liberals whined about and blamed for crashing the economy.
You cannot have the nation throw enough poor people over the cliff to get out of financial debt either, without incurring a moral debt orders of magnitude greater. And you cannot have the nation shut down its national defense, without incurring massive risks that no reasonable person would suggest. And you cannot stop paying interest on existing debt to get out of debt, without making everything cost more for everyone. And so on... So what's your point? What specifically are you complaining about? If you want to cut specific things from the budget, then say what they are, and defend the removal of those things from the budget, on both financial and moral grounds. Just whining about how much everything costs, taken together, refusing to do the hard work of understanding what "everything" is and what all the different "everythings" mean to people other than yourself, isn't impressive.
Please cite for me one neighborhood which has stimulated itself out of a depressed area by increasing welfare spending.
You cannot have the nation throw enough poor people over the cliff to get out of financial debt either, without incurring a moral debt orders of magnitude greater. And you cannot have the nation shut down its national defense, without incurring massive risks that no reasonable person would suggest. And you cannot stop paying interest on existing debt to get out of debt, without making everything cost more for everyone. And so on... So what's your point? What specifically are you complaining about? If you want to cut specific things from the budget, then say what they are, and defend the removal of those things from the budget, on both financial and moral grounds. Just whining about how much everything costs, taken together, refusing to do the hard work of understanding what "everything" is and what all the different "everythings" mean to people other than yourself, isn't impressive.
"Poor" people can fend for themselves as they should have always done, instead of having their entire existences paid for by everyone else.
2/3rd deficit? Done
The military-industrial complex shut down and downsized into a flexible small defensive force buoyed by our nuclear arsenal deterring any conventional land/sea/air invasion forces?
Remaining 1/3rd of deficit? Done.
Tax incomes used to pay down debt and our money is actually valuable again.
Problem solved and the only losers are the professional "poor" profiteers and defense contractors and the politicians they continually re-elect.
Secondly, the 2009 budget was BUSH'S last budget (budget years run from Oct to Sept), but aside from that, the REASON the DEFICIT grew so much from 2007 to 2010 is quite simple - a HUGE RECESSION. Roughly half the increase in the deficit was not due to higher spending at all, but rather due to a steep drop-off in tax revenues. Such increases in the deficit happen EVERY TIME there is a recession - this one was particularly steep and deep.
Stimulus bill, porkulus bill and other big spending took place under Obama in year 1...
And dont forget, that "doubling" of the debt under Bush, also added TARP, which was paid back, and credited towards Obama, which he also spent...
Um, yes. So you were mocking the idea of the debt increase slowing down because …. ?????
The slow down, per the CBO is only temporary..
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