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BULLETIN: US deficit falls below $1 trillion



Published: Wed, October 30, 2013 @ 4:46 p.m.

WASHINGTON — U.S. deficit fell to $680.3 billion this year, making it the first time in five years the imbalance had fallen below $1 trillion.


Comments

1gdog4766(1495 comments)posted 10 months, 3 weeks ago

Where are the rescumlicans on this one? I thought Obama was driving the deficit up? You mean you all are liars or is this story fake? Funny there are reports that the government spending and deficit are both down. And yet the rescumlicans constantly claim the opposite. HMM whose lying?

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2Sparky(185 comments)posted 10 months, 3 weeks ago

Everyone knows, except you obviously, that this is the result of the budget sequestration of 2013. Result of it however is a loss of 750,000 US jobs and a redustion in our GDP. It also resulted in the elimination of head start program services for 57,000 children in the US. So basically no one really wins. He's still a horrible President.

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3Sparky(185 comments)posted 10 months, 3 weeks ago

Everyone knows, except you obviously, that this is the result of the budget sequestration of 2013. Result of it however is a loss of 750,000 US jobs and a reduction in our GDP. It also resulted in the elimination of head start program services for 57,000 children in the US. So basically no one really wins. He's still a horrible President.

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4gdog4766(1495 comments)posted 10 months, 3 weeks ago

Yeah, two wars that cost our nation brave men and women and have cost us trillions not billions of dollars now that's the work of a good president. Idiot!

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5Sparky(185 comments)posted 10 months, 3 weeks ago

You love to try to bully with your insults and name calling and I'm sure your husband is battered down. You mustn't have got enough dolls when you were a little girl and you take your bitterness out on everyone else. GFY and keep voting dumbocrat, stay classy and please continue to entertain us with your idiotic insulting posts. Be a good girl and prove me right!

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676Ytown(1241 comments)posted 10 months, 3 weeks ago

gdog4766 :

Bush’s spending on Iraq and Afghanistan wars in 12 years is less than Obama’s deficit spending in 1 year. Bush’s unemployment rates were only 5%. Obama’s have never been less than 8%. Under Obama, youth unemployment, particularly minority youth unemployment, is around 20%.

According to the CBO, the cost of Iraq war between 2003-2008, when Bush was in office, was $709 Billion. In 12 years, Iraq and Afghanistan jointly cost $1.4 Trillion.

Obama’s 2009 Stimulus cost $862 Billion. It did not produce jobs; but rather was handed out to Green Energy cronies, used to top up union pension plans and give raises to Teachers and other government union workers. Obama has run up deficits of $1.3 Trillion each and every year since he was inaugurated.

According to the Department of Labor, Bush’s unemployment rates during his 8 years in office, even after 9/11, ranged between 4.2% and 6.3%. Unemployment was 5% when Obama took office in 2008 and has gone up since then. Just before the election, this number magically dropped below 8%. This number was fudged because Obama does not count those who have given up looking for jobs. They are unemployed, but according to Obama, do not exist!!

Obama spends $6.4 Trillion a year. His deficit in 4 years was $6.2 Trillion; so it has gone up from $10 Trillion to $16.2 Trillion.

Obama will keep blaming Bush, Republicans and everyone else, but will continue to tax all of us to obtain money to spend and waste.

http://www.first-amendment-rights.com...

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