Page 1 of 1
US Budget deficit narrows
Posted: Thu Oct 31, 2013 6:36 am
by Ibanez
This is a trend that I could support.
The U.S. posted its smallest budget deficit in five years as employment gains helped propel revenue to a record.
Spending exceeded receipts by $680.3 billion in the 12 months ended Sept. 30, the narrowest gap since 2008, compared with a $1.09 trillion shortfall in fiscal 2012, the Treasury Department said today in Washington. In September, the U.S. recorded a $75.1 billion surplus, little changed from the surplus in the same month a year earlier.
Revenue jumped 15.2 percent to $301.4 billion in September from a year earlier, bringing the annual figure to $2.77 trillion, today’s report showed. Spending increased 21.5 percent to $226.4 billion last month, contributing to a 12-month total of $3.45 trillion, it showed.
http://www.bloomberg.com/news/2013-10-3 ... venue.html" onclick="window.open(this.href);return false;
Sequestration certainly helped but lets get real, we still need fundamental reform. This is a good start but reducing spending is the way to ensure we get ourselves out of this hole. Defense, Foreign Aid, Entitlments, etc.. can be reduced. If we're going to increase spending, lets spend some cash on education.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 6:59 am
by Col Hogan
So, you support growing the deficit more...just slower...
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 7:10 am
by D1B
Col Hogan wrote:So, you support growing the deficit more...just slower...
We'll get there, asshole. It's just gonna take some time. Remember, you fuckhead conks RUINED THE WORLD ECONOMY AND PLUNGED THE UNITED STATES INTO TWO COSTLY WARS. That shit don't get turned around overnight.
Bitch, bitch, bitch and no good ideas is the conk way.
Fuck you Hogan. I hope the next cut axes your fucking welfare gig.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 7:23 am
by Ibanez
Col Hogan wrote:So, you support growing the deficit more...just slower...
I support shrinking it, obviously.
These are baby steps, you have to admit that. Even you understand that you don't erase a deficit in one or two years without severe cuts.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 8:36 am
by mrklean
What about quit spending Money on shyt like the F-35 and the New U.S. Navy Destroyer that is already a cost over run. This is where the problem rest, but on one can stop the DOD from spending boat loads of Money.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 8:39 am
by 89Hen
D1B wrote:you fuckhead conks RUINED THE WORLD ECONOMY AND PLUNGED THE UNITED STATES INTO TWO COSTLY WARS.... Bitch, bitch, bitch
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 8:43 am
by Cap'n Cat
89Hen wrote:D1B wrote:you fuckhead conks RUINED THE WORLD ECONOMY AND PLUNGED THE UNITED STATES INTO TWO COSTLY WARS.... Bitch, bitch, bitch
Laughing helps with the pain. Get it all out, Brother Hen.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 8:45 am
by Grizalltheway
89Hen wrote:D1B wrote:you fuckhead conks RUINED THE WORLD ECONOMY AND PLUNGED THE UNITED STATES INTO TWO COSTLY WARS.... Bitch, bitch, bitch
What parts of his statement are untrue?
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 8:53 am
by AZGrizFan
Donks. Celebrating $700 billion deficits.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 9:03 am
by D1B
AZGrizFan wrote:Donks. Celebrating $700 billion deficits.
Who is celebratin, Grease?
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 9:05 am
by mrklean
AZGrizFan wrote:Donks. Celebrating $700 billion deficits.
How much of that is from the DOD
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 10:21 am
by GrizFanStuckInUtah
Ibanez wrote:This is a trend that I could support.
The U.S. posted its smallest budget deficit in five years as employment gains helped propel revenue to a record.
Spending exceeded receipts by $680.3 billion in the 12 months ended Sept. 30, the narrowest gap since 2008, compared with a $1.09 trillion shortfall in fiscal 2012, the Treasury Department said today in Washington. In September, the U.S. recorded a $75.1 billion surplus, little changed from the surplus in the same month a year earlier.
Revenue jumped 15.2 percent to $301.4 billion in September from a year earlier, bringing the annual figure to $2.77 trillion, today’s report showed. Spending increased 21.5 percent to $226.4 billion last month, contributing to a 12-month total of $3.45 trillion, it showed.
http://www.bloomberg.com/news/2013-10-3 ... venue.html" onclick="window.open(this.href);return false;
Sequestration certainly helped but lets get real, we still need fundamental reform. This is a good start but reducing spending is the way to ensure we get ourselves out of this hole. Defense, Foreign Aid, Entitlments, etc.. can be reduced. If we're going to increase spending, lets spend some cash on education.
So let me get this straight.......we are still spending WAY more than we take in but we are not going further into debt as fast as we were?
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:31 am
by AZGrizFan
mrklean wrote:AZGrizFan wrote:Donks. Celebrating $700 billion deficits.
How much of that is from the DOD
Dude, you keep saying this like I don't agree with you. Cut the DOD 20%. Cut EVERY department 20%. And then freeze spending for 5 years.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:33 am
by GrizFanStuckInUtah
AZGrizFan wrote:mrklean wrote:
How much of that is from the DOD
Dude, you keep saying this like I don't agree with you. Cut the DOD 20%. Cut EVERY department 20%. And then freeze spending for 5 years.
I don't think I agree with this myself. I think there are programs that can and should be cut by 100% and some number down to 20%. I guess if we could say everything gets a 20% to 100% range, then we would have something.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:35 am
by GrizFanStuckInUtah
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:47 am
by D1B
AZGrizFan wrote:mrklean wrote:
How much of that is from the DOD
Dude, you keep saying this like I don't agree with you. Cut the DOD 20%. Cut EVERY department 20%. And then freeze spending for 5 years.
Greasy, anyone else advocating this plan? Please, someone with valid credentials.
Sorry but the last people on the planet who should be dishing out advice on the economy is bankers.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:50 am
by 93henfan
Funny how when you raise taxes the deficit goes down.
Thanks of course to all of us giving up 2% more of our pay to the payroll tax in 2013.
Again, not rocket science guys. You raise taxes and/or cut spending to lower the deficit.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 11:53 am
by Ibanez
93henfan wrote:Funny how when you raise taxes the deficit goes down.
Thanks of course to all of us giving up 2% more of our pay to the payroll tax in 2013.
Again, not rocket science guys. You raise taxes and/or cut spending to lower the deficit.
Cutting spending should aways be involved.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 12:49 pm
by Col Hogan
D1B wrote: I hope the next cut axes your **** welfare gig.
I volunteered to be cut...they wouldn't accept it...
I'm so damn good at what I do...
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 1:02 pm
by D1B
Col Hogan wrote:D1B wrote: I hope the next cut axes your **** welfare gig.
I volunteered to be cut...they wouldn't accept it...
I'm so damn good at what I do...
You're a god damned liar. You're a worthless, overpaid piece of welfare shit.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 1:05 pm
by Col Hogan
D1B wrote:Col Hogan wrote:
I volunteered to be cut...they wouldn't accept it...
I'm so damn good at what I do...
You're a god damned liar. You're a worthless, overpaid piece of welfare ****.
Oh, I'm so hurt...
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 1:09 pm
by D1B
Col Hogan wrote:D1B wrote:
You're a god damned liar. You're a worthless, overpaid piece of welfare ****.
Oh, I'm so hurt...
You're on welfare, yet you rail on and on about people on welfare. You claim to be catholic, yet you will fight to the death to ensure the poor continue to be marginalized and villified and denied basic human rights.
Face it welfare king, you're a god dam hypocrit.
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 1:13 pm
by Col Hogan
D1B wrote:Col Hogan wrote:
Oh, I'm so hurt...
You're on welfare, yet you rail on and on about people on welfare. You claim to be catholic, yet you will fight to the death to ensure the poor continue to be marginalized and villified and denied basic human rights.
Face it welfare king, you're a god dam hypocrit.
You forgot the "e" in hypocrite...
Attention to detail...
Re: US Budget deficit narrows
Posted: Thu Oct 31, 2013 2:14 pm
by D1B
Col Hogan wrote:D1B wrote:
You're on welfare, yet you rail on and on about people on welfare. You claim to be catholic, yet you will fight to the death to ensure the poor continue to be marginalized and villified and denied basic human rights.
Face it welfare king, you're a god dam hypocrit.
You forgot the "e" in hypocrite...
Attention to detail...
Shut the hell up.
Re: US Budget deficit narrows
Posted: Fri Nov 01, 2013 3:49 am
by CAA Flagship
