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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #131
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    Applying this estimation for the remaining 6 months of 2013 (49%), the U.S. budget projects to be $424,565 million. A 71% decrease since Obama has been in office.

    The data used for the calculations can be obtained here.
    More fun analysis. Compare that to the budget deficit in 2007: 163 billion.

    Granted, a 423 billion dollar deficit is better than his 1471 billion dollar deficit, but we are a long, LONG way from getting back to anything we've ever considered "normal". What we're seeing with the deficit is that we're still racking up a whopper of a debt and still going backwards but we're not going backwards as fast as we were a few years ago. Maybe it's reason to be a little less concerned, but it's not a reason to celebrate.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  2. #132
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by rcart76 View Post
    fire-breathing feminazis....Sorry I had to laugh at that one because it reminded me of the show married with children. For some reason I vision you being like Al Bundy.
    What's wrong with that?

    Now all kidding aside, I don't think you guys can afford to underestimate the woman's vote. You mentioned the republican women not crossing party lines but you forgot about the independent woman vote. All I'm saying is why chance it?
    I think the abortion issue shot republicans in the arse for any woman that would likely vote based on gender. That's all I'm saying. I think Roe v. Wade is settled law and republicans have nothing to gain and everything to lose by keeping on keeping on as though they're going to fix that. All that does is make it harder for them to get a chance to do what they rightfully should be doing; aggressively working toward fixing economic issues.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  3. #133
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by iliveonramen View Post
    One thing about #1....didn't Republicans call it "Obama's sequester" a couple of months ago when it went into effect? Wasn't it "Obama's failure" that led to it being implemented. Wasn't it a "White House plan" when Republicans were running from their failure to make cuts so that it wouldn't go into effect?

    Keep in mind...sequestration was in lieu of other supposed cuts. The method was sequestration because Congress couldn't decide on what they would specifically cut. Both parties had agreed to cut how it was cut is the reason sequestration kicked in.
    Sequestration was Obamas idea, though everyone eventually supported it.

  4. #134
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by jonny5 View Post
    Sequestration was Obamas idea, though everyone eventually supported it.
    Sure...as mentioned in my following post to Papa.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by iliveonramen View Post
    Sure...as mentioned in my following post to Papa.
    Sorry, hadnt gotten that far yet.

  6. #136
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    More fun analysis. Compare that to the budget deficit in 2007: 163 billion.

    Granted, a 423 billion dollar deficit is better than his 1471 billion dollar deficit, but we are a long, LONG way from getting back to anything we've ever considered "normal". What we're seeing with the deficit is that we're still racking up a whopper of a debt and still going backwards but we're not going backwards as fast as we were a few years ago. Maybe it's reason to be a little less concerned, but it's not a reason to celebrate.

    Let use your personal budget as an example. Let say your household has been in red every month for the the last 6-10 years. Then one month you are working on your budget and you finally get a surplus. You are going to tell me that you wouldn't be excited about that? Not sayinf that you are out of debt, but atleast the meteor has alter its course.

  7. #137
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by jonny5 View Post
    Sequestration was Obamas idea, though everyone eventually supported it.
    sequestration was supposed to be the doomsday scenario used as a penalty if no deal on the debt ceiling was made. everyone thought that the threat of sequestor would bring both parties to the negotiating table and hammer out a plan to prevent it, because no one believed that congress would allow something as bad as sequester to happen.

    congress could not get its act together so we in the end got the sequester cuts.

  8. #138
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    More fun analysis. Compare that to the budget deficit in 2007: 163 billion.
    Actually, it is $187,090 million (you have to tell excel to include the revision).

    Yet in 2008, it moved to more than $680 billion.

    Granted, a 423 billion dollar deficit is better than his 1471 billion dollar deficit, but we are a long, LONG way from getting back to anything we've ever considered "normal". What we're seeing with the deficit is that we're still racking up a whopper of a debt and still going backwards but we're not going backwards as fast as we were a few years ago. Maybe it's reason to be a little less concerned, but it's not a reason to celebrate.
    We are racking up debt with record low interest rates. The cost of financing has increased by what, close to 50% since the beginning of 2013? Which means economic gains have a strong probability to be revised up.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #139
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by rcart76 View Post
    Let use your personal budget as an example. Let say your household has been in red every month for the the last 6-10 years. Then one month you are working on your budget and you finally get a surplus. You are going to tell me that you wouldn't be excited about that? Not sayinf that you are out of debt, but atleast the meteor has alter its course.
    If you plan to spend 200% of what you take in but you end up spending only 180% of what you take in, you're not REALLY in the black. Sequestration FORCED spending cuts. It guaranteed a "surplus" if you compare what the government PLANNED to spend vs. what the government ended up spending after the forced cuts kicked in.

    The real problem isn't that the government is spending more than it budgets. The real problem is that the budget is ALWAYS more than the revenue. Run a household that way for 6-10 years and you won't feel all giddy just because you didn't add as much to your debt this month as you did last month.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  10. #140
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    We are racking up debt with record low interest rates.
    This is the problem. The first five words are the real crux of the mater. We are racking up debt. Sooner or later, that's got to stop. You can't borrow exponentially.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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