New Deficit Info - Will Bush get credit?

Stinger · Feb 21, 2007

Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.
Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates.

Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product.

US deficit is shrinking, for now | csmonitor.com

So how will the liberals spin this one? Will the Dems turn the good economy to bad with their punitive tax increases?

Iriemon · Feb 21, 2007

Stinger said:
Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.
Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates.

Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product.

US deficit is shrinking, for now | csmonitor.com

So how will the liberals spin this one? Will the Dems turn the good economy to bad with their punitive tax increases?

Almost to a surplus, eh?

Funny, the Treasury department reports the Govt had to borrow $240 billion in just the first 4 1/2 months of FY2007.

Total Debt of the US Govt:

09/29/2006 8,506,973,899,215.23
02/16/2007 8,746,051,281,807.75

I suppose to Bush apologists that counts as "substantially brighter."

Stinger · Feb 21, 2007

And what was that work experince?

Iriemon · Feb 21, 2007

Stinger said:
And what was that work experince?

LOL!

......

Stinger · Feb 21, 2007

Iriemon said:
LOL!

......

Lack of debate noted.

jfuh · Feb 21, 2007

Stinger said:
Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.
Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates.

Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product.

US deficit is shrinking, for now | csmonitor.com

So how will the liberals spin this one? Will the Dems turn the good economy to bad with their punitive tax increases?

Only in congress for so long and yet the dems are already shrinking the debt? :lamo that was quicker than I thought.

Stinger · Feb 21, 2007

jfuh said:
Only in congress for so long and yet the Democrats are already shrinking the debt? :lamo that was quicker than I thought.

And they get credit for this shrinking deficit which began BEFORE they were in office because............................................:rofl

Just like a Lib to take credit for things which they actually opposed :2rofll:

jfuh · Feb 21, 2007

Stinger said:
And they get credit for this shrinking deficit which began BEFORE they were in office because............................................:rofl

Just like a Lib to take credit for things which they actually opposed

When have I opposed shrinking debt?
As for my post, yes it was an obvious spin, just repeating after you and your claims against the contrary. As Ireimon posted.

Total Debt of the US Govt:

09/29/2006 8,506,973,899,215.23
02/16/2007 8,746,051,281,807.75

How is that shrinking the debt exactly? You're lack of rebuttal is dually noted.

Stinger · Feb 21, 2007

jfuh said:
When have I opposed shrinking debt?

It's what bourght about the shrinking deficit.

As for my post, yes it was an obvious spin, just repeating after you and your claims against the contrary.

Why not try to rebut them instead?

Will the Democrats turn the good economy to bad with their punitive tax increases?

Iriemon · Feb 21, 2007

Stinger said:
It's what bourght about the shrinking deficit.

Why not try to rebut them instead?

Will the Democrats turn the good economy to bad with their punitive tax increases?

Republicans: $3 trillion more debt = "good economy"

Stinger · Feb 21, 2007

Iriemon said:
Republicans: $3 trillion more debt = "good economy"

I can't be clearer, when you are willing to respond in kind to the questions you post to me we can continue.

Kandahar · Feb 21, 2007

Stinger said:
Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.
Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates.

Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product.

US deficit is shrinking, for now | csmonitor.com

So how will the liberals spin this one? Will the Dems turn the good economy to bad with their punitive tax increases?

Get credit? Sorry, you don't get much credit for partially cleaning up after yourself. Bush created the enormous deficit in the first place.

New Deficit Info - Will Bush get credit?

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