Tag: deficit

Trump Increases Federal Deficit By 32 Percent In Fiscal Year 2018

Remember the Teaparty? Remember how angry and outraged they were when President Obama strapped this country around his waist and pulled it out of the ditch? Remember how Republicans stood on the sidelines and criticized every dime Obama spent to revive a dead economy? Because of the quick and decisive actions of President Obama, the… Continue reading Trump Increases Federal Deficit By 32 Percent In Fiscal Year 2018

The Bigger Deficit Is Intellectual

Donald Trump might be the first president to step on his own tax cuts. With February 15 in sight, and most companies ready to use the new tax tables for that payday, the resident philanderer, sexual braggart, pussy-grabber-in-chief has decided that the #MeToo movement might be getting too close to the Oval Office for his comfort. Not… Continue reading The Bigger Deficit Is Intellectual

Report – The Federal Budget Deficit Fell Faster Than in Any Year Since World War II

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. In nominal terms, that is the smallest deficit since 2008, and signals the end of… Continue reading Report – The Federal Budget Deficit Fell Faster Than in Any Year Since World War II

Rachel Maddow Debunks The GOP Claim That The Sequester Is Tied To The Deficit

We all know that Republicans are not being honest when they say President Obama is increasing the deficit. And what makes that lie even worse is when they try to tie the sequester into their false claim. But facts don’t lie, and Rachel Maddow used one of her segments last night to debunk both Republican… Continue reading Rachel Maddow Debunks The GOP Claim That The Sequester Is Tied To The Deficit

New Report – President Obama Has Reduced The Deficit

Here’s the official report that put all their talking points about the President raising the deficit to rest. The report comes from Center for American Progress. Since the start of fiscal year 2011, President Barack Obama has signed into law approximately $2.4 trillion of deficit reduction for the years 2013 through 2022. Nearly three-quarters of… Continue reading New Report – President Obama Has Reduced The Deficit

The Republican Convention – Based On These Three Lies

They’re all politicians, regardless of what Mitt Romney wants to call himself. But what does it say of the Romney campaign and the Republican leaders when they chose three major lies to base an entire convention on? Lie Number 1. – “You Didn’t Build That.” Those were the words President Obama used at a campaign… Continue reading The Republican Convention – Based On These Three Lies

Classic Chris Christie – Blame Obama For Republican Failure

The Republican governor of New Jersey and endorser of Republican presidential candidate Mitt Romney, is falsely attacking the President. What else is new? “What the hell are we paying you for?,” Christie askedyesterday, implying that the president could have changed the outcome of the failed Super Committee. “I was angry this weekend, listening to the… Continue reading Classic Chris Christie – Blame Obama For Republican Failure

Obama – This Is Not Class Warfare, It’s Math

Today, President Obama outlined his plan for deficit reduction. He again called for a balanced approach to reducing the nation’s deficit through both spending cuts and raising revenue by asking the top 3% of the wealthiest Americans to pay the same rate middle class Americans already pay. Of course, Republicans used the last few days… Continue reading Obama – This Is Not Class Warfare, It’s Math

Debunking The Fox And Limbaugh Lie Machine

I like the way Dave Johnson started his article on this subject. He gathered the following three charts from the  Budget of the United States Government: Historical Tables Fiscal Year 2012, and advised us that the next time “your right-wing brother-in-law” who “…is plugged into the FOX-Limbaugh Lie Machine, and keeps sending you emails about “Obama… Continue reading Debunking The Fox And Limbaugh Lie Machine

Bush Vs. Obama – Who Spent The Most

President Obama and former President George W. Bush at the dedication of the George W. Bush library in Dallas.

A new report from the New York Times attempts to answer the questions – how did our economy get to this point? And where did this massive deficit come from? The report took the spending habits of the last president, and compared them to those of President Obama, from his inauguration in 2009 and projected through… Continue reading Bush Vs. Obama – Who Spent The Most

It’s Time. Everyone Must Pay Their Fair Share

We all know the importance of America meeting her financial obligations and the global impact if Washington cannot or will not come together and figure out a way to get the debt ceiling raised. Over 200 world renowned economists recently wrote a letter to congress advising, no, demanding that the debt ceiling be raised and… Continue reading It’s Time. Everyone Must Pay Their Fair Share