Discussion for article #228861
WASHINGTON (AP) — Government reports 2014 budget deficit of $483 billion, lowest of Obama’s presidency.
LOL That’s an article?
I guess it is simple and to the point. Nice if we can see this repeated by Dems over and over throughout the day.
Cuz you know if this happened under a Repub watch, there would be ticker tape parades out in front of the White House, all day, every day.
And Chuck Todd would be right there, breathlessly reporting about it.
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Yeah, apparently they couldn’t even be bothered to provide some comparison deficits under previous presidents to provide some context, which given the current state of the media in this country makes me think that Obama would have come out looking to good in any such comparison and so such comparisons must be avoided at all cost.
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“The deficit is at its lowest since 2008. When the deficit is measured against the size of the economy, it’s below the average deficits of the past 40 years.”
Guaranteed the republicans will find a way to complain about this.
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It’s Obama’s fault. He’s sucking the nation dry and…wait what? It’s down by more than half? Uh…BENGHAZI!!!
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Nah, they’ll just deny that it’s true or ignore it outright. After all, as Dick Cheney so helpfully explained, “Reagan proved that deficits don’t matter.”
When Reagan took office the deficit was 2.6% of GDP. It spiked to 5.7% by the end of his first time and then back down to 3.0% of GDP by the time he left office. When Obama took office the deficit was 9.8% of GDP and now it’s at a 2.8%. As we know Bush started with an actual surplus left over from Clinton, but by the time he left office the deficit (as percent of GDP) was the highest it had been since back when our country was paying for WWII. Of course WWII then led to surpluses through the late 40s and most of the 50s, largely because the stimulative effects of military Keynesian economics wasn’t squandered with tax cuts for the wealthy. Who could have possibly predicted that waging a massive war while also cutting taxes during the 00s would’ve had such a terrible impact on our deficits?
Faced with the these inconvenient facts about deficits, Republicans, like Cheney, will just argue that actually deficits don’t matter so shut up that’s why.
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Bah! Your “GDP percentage” falderol is just liberal mathy nonsense! The only thing that matters is the absolute size of the numbers, without any of your mathematic trickery like adjudgment for inflation or population or size of the economy! And the fact is that Reagan’s highest deficit was smaller than Obama’s lowest, thereby proving that Ronald Reagan was most greatest magicalist president ever!
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I can’t wait for the wall-to-wall coverage this gets on Fox News, complete with dramatic graphics and soul-stirring theme music.
Of course, it isn’t possible for this to happen with a Republican president, because Republicans are fiscally reckless.
Given how unlikely such a scenario would be, such a story would be entitled to be front page news, just as would a discovery that the moon was actually made out of green cheese.
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And yet half the country continue to believe the meme that we’re “broke.”
People in China stood in front of fuggin’ tanks for freedom of the press. We’ve had it for 238 years, and look what the hell we do with it. Fox.
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Well, I personally love the guy, and he can do no wrong in my eyes and damn he’s handsome
IMO they will take credit because they control the house and have members in the senate. Anything good is only because of the republicans in government (according to them, anyway).
And honestly it seems to me that they deserve a little credit when looking at the deficit alone. I don’t have the impression that they helped with the economy at all, but the fact that they slowed and/or reduced spending, and spending is a factor in the deficit (for better or for worse) Doesn’t mean they did it the right way, but they did contribute to it going down. Didn’t they?
It’s Obama’s fault!
No, if you want to cut the deficit, grow the economy.
The deficit is the amount that the debt increases each year, or so I was led to believe. Anyone can go to the tresurydirect.gov and look at the public debt for the last year. It has increased over one trillion dollars.
But the truth doesn’t mean anything anymore. Thanks journalism!