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The Water Cooler
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Federal Deficit getting smaller - according to the latest news reports
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<blockquote data-quote="ez bake" data-source="post: 2120921" data-attributes="member: 229"><p>There's sources in usgovernmentspending.com, you just have to click a few times to get past the charts and then to the sources. </p><p></p><p>I get that national debt exceeded GDP (which is a first - yay Obama for breaking records!), but in reality - the annual deficit isn't the same as our overall national debt - so basically news outlets are playing with words to say "we're decreasing the deficit each year by more than Bush did", but they're only comparing to Bush's last year in office (FY 2009), and when saying "it's at a 5-year low", they're only comparing it (again) to Bush's last year in office.</p><p></p><p>Bush's increase in spending in FY 2009 (term year 2008) was a 28-year high only topped by Reagan which tells me two things:</p><p></p><p>1. Reagan and Bush were two of the highest spending Republicans in the last 50 years and Obama has topped them.</p><p></p><p>2. Clinton had one of the most financially responsible two-terms in the last 50 years - which I believe seals up the fact that he was in fact, a pimp.</p><p></p><p>If only we could get someone who understood what it was like to be a regular citizen, wasn't chasing tail all the time, and could balance a checkbook - damn, we'd hit pay-dirt (which is better than what we're going to hit if we continue the path we're going down).</p></blockquote><p></p>
[QUOTE="ez bake, post: 2120921, member: 229"] There's sources in usgovernmentspending.com, you just have to click a few times to get past the charts and then to the sources. I get that national debt exceeded GDP (which is a first - yay Obama for breaking records!), but in reality - the annual deficit isn't the same as our overall national debt - so basically news outlets are playing with words to say "we're decreasing the deficit each year by more than Bush did", but they're only comparing to Bush's last year in office (FY 2009), and when saying "it's at a 5-year low", they're only comparing it (again) to Bush's last year in office. Bush's increase in spending in FY 2009 (term year 2008) was a 28-year high only topped by Reagan which tells me two things: 1. Reagan and Bush were two of the highest spending Republicans in the last 50 years and Obama has topped them. 2. Clinton had one of the most financially responsible two-terms in the last 50 years - which I believe seals up the fact that he was in fact, a pimp. If only we could get someone who understood what it was like to be a regular citizen, wasn't chasing tail all the time, and could balance a checkbook - damn, we'd hit pay-dirt (which is better than what we're going to hit if we continue the path we're going down). [/QUOTE]
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