Its simply unbelievable we elected so many republicans who don’t understand how the deficit works. They don’t realize that tax cuts (reduced tax revenue) and increased spending ARE THE SAME THING, as far as the deficit is concerned. The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
The Center for american progress breaks down the budget. Today, James Inhofe, crack addict of Oklahoma (is Oklahoma the stupidest place on the planet?) claimed that the president’s comments about the Bush administration’s contribution to the deficit “disingenuous” and “just not true.” I’ve discussed that enough – Obama’s comments are fact. I do understand the [...]
Circulating today has been an article from the Associated Press stating “Federal deficit hits all-time high $1.42 trillion”. This is not news, at least not in the way the AP author is trying to spin things. If anything it is good news for Americans and the Obama administration. For those of you who are similarly [...]
Over 10 years the Max Baucus bill would “result in a net reduction in federal budget deficits of $81 billion over the 2010–2019 period“. Welcome news, as the president has stated that he would veto legislation that added to the deficit. And this should (it won’t) settle down the suddenly budget-conscious republicans who scream about [...]
Right wing lies