Posts Tagged ‘deficit’

Federal Budget Deficit At Five Year Low, But Republicans Still Plan To Take Country Hostage

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Republican lawmakers in Washington plan to take the country hostage this fall until their demands are met. Never mind that the federal budget deficit for 2013 is on track to hit a five year low. The U.S. Treasury reports that the budget gap dropped 35% from this time last year, and the Congressional Budget Office…
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The Public Is Obtuse On Medicare Spending, While Conservative ‘Leaders’ Bank On This Ignorance

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There are conservatives who believe government is incapable of doing anything meaningful. They believe the only true purpose of government is national security. And these conservatives believe programs like Medicare are saddled with massive fraud and waste. And there are conservatives who are on Medicare that hold these beliefs while gobbling up more Medicare services…
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08-15-2013 Left Call Radio 06 – Eric Cantor Says Deficit Growing, PolitiFact Is Fired, Republicans Obsessed With Obamacare Repeal

Radio Table - photo by Austin Gruenweller

#06: House GOP Majority Leader Eric Canter Says Deficit Growing, PolitiFact rates it “half true” | Republicans Are Obsessed With Obamacare Repeal, Because They Have To, And It’s Good For Fundraising Segment 1 — Earlier this month, Eric Cantor went on Fox News and said the deficit is growing. But as we know (at least…
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Don’t Exaggerate The June Budget Surplus To Make Your Point

Rachel Maddow

This post is partly aimed at Rachel Maddow and is a response to last night’s Rachel Maddow Show when she intimated that because the government is running a surplus, Republicans have lost their arguing position. Yes, it’s true, the federal government had a rather large surplus in June of $117 billion. And yes, this does…
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CBO: 2013 Estimated Federal Deficit At $642B, Half What Obama Inherited

The Congressional Budget Office (CBO) released a report on Tuesday showing a rapidly shrinking federal budget deficit. The CBO estimates the 2013 federal deficit at $642 billion. That is down from 2012 where it was just over $1 trillion. Los Angeles Times — Three major factors account for most of the long-term improvement: a better…
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Obama’s Proposed Social Security Cuts Are Wrong

Last week, The White House released a summary of President Obama’s budget. The proposal aims for a 3 to 1 spending cuts to tax increase ratio to reduce the deficit over the next 10 years. But the biggest headline from Obama’s budget plan is the $230 billion he wants to cut from Social Security. It’s…
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Only 6 Percent Of Americans Know The Deficit Is Getting Smaller

ignorance - photo by John Haydon

So I’m watching Rachel Maddow, and she cites a Bloomberg poll that shows only 6 percent of Americans know the federal deficit is decreasing. — Yeah, that sounds about right. — And now you see why we can’t get anything done. Americans don’t pay attention unless it’s a sport or has the last name of…
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