BREAKING Keith O: The Deficit is DOWN!!! 8 % under Obama

[bigdarryl]

in his first year as President WOW this is the first I'm hearing this Wonder if the media will follow Keith and report on this or will they continue to let the rethugs say the deficit is higher under Obama

[Jack Rabbit]

1. Well, you won't hear Dick Armey tell that to the Tea Partiers

It won't be reported on FoxNews, either.

[BrklynLiberal]

2. Wonder what the MSM and RWingnuts will say about this...if they ever hear about it, that is.

[jenmito]

3. I'm gonna email Chuck Todd and tell him to tell Joe and Mika to mention it tomorrow. n/t

[proud patriot]

4. woo Hoo !

The deficit is down 8% , jobs are being created for the first time in 9 years , more tax breaks are on their way for those of who make less than 250,000 a year . Woo Hoo ! Yes we did !

[Proud Liberal Dem]

5. Cool!

Unfortunately, that will probably be the first (and last time) we ever hear THAT information in the corporate media.

:banghead:

[nmbluesky]

6. Tea party and Fox News won't accept FACT!!!!

[vaberella]

7. Wow! Really?! n/t

[Peacetrain]

8. Whoa... I missed that.. !!!! K&R!

[femmocrat]

9. K&R

(Reuters) - The U.S. federal budget deficit in the first half of fiscal 2010 is down 8 percent from the same period a year ago, the Washington Post reported on Monday.

Citing senior Obama administration officials, the Washington Post said in an article posted on its website the smaller deficit was due to higher tax revenue and lower than projected spending to bail out the financial system.

http://www.reuters.com/article/idUSN1221782220100413

[Tippy]

10. K&R

[harun]

11. Pawn to E4.

[scheming daemons]

12. MSM spin: "Obama's first budget is the second-largest deficit ever"

No mention that he INHERITED the first-largest... Bush's final one (FY2009).

[AtomicKitten]

13. *

http://www.youtube.com/watch?v=ABWyXKT5qt4

[thewiseguy]

14. Keith was wrong

First off the White House Spokesperson is saying that it irresponsible to be making deficit projections for the fiscal year as a whole. Second, the administration had initially projected that the deficit this year would hit 1.6 trillion dollars which with respect to the GDP was going to be the worst year ever since world war II. That is really nothing to be happy about.

In short the administration for the first half of this year have been doing better than their own initial projections.

[LeftHandPath]

18. Exactly...

This is like cheering because we're torturing less than we did last year.

We're still borrowing $1.3 TRILLION this year, for the war, for tax cuts, for bank bailouts, for AIG, and for the foreign banks.

Not to mention the Feds balance sheet increasing to $2.5 trillion in the last 2 years. We'll have to pay for all that as well.

The treasury issued $91BB in new debt in August. Party on.

[Number23]

15. Kick

[ClarkUSA]

16. The MSM won't cover this nearly as much as Lindsay Lohan court dates. nt

[newtothegame]

19. We're responsible more than anyone for worshipping the Hollywood crowd..

and now we're paying the price for it.

[ClarkUSA]

20. Not me. I have never watched reality or entertainment shows in my life.

I must be the only adult in the US who has never ever watched American Idol or Dancing With The Stars.

[newtothegame]

21. haha fair enough. I guess I'm saying that many on DU and elsewhere...

have worshiped and parroted the liberal leanings of Hollywood as gospel for years, and now Hollywood and it's ilk have basically blinded all of America to what really matters in life by "American Idol"-ing us to death.

[uponit7771]

17. Cool!!

[BlancheSplanchnik]

22. in answer to your question....hmm, who owns the big networks.....

?

sigh.


GREAT hearing this though!! Too bad most of the rest of the country won't.

[mikekohr]

23. LAST 3 REPUBLICAN PRESIDENTS HAVE ACCOUNTED FOR NEARLY 100% OF OUR INCREASE IN THE NATIONAL DEBT

National Debt


?


Every President, from Truman to Carter, steadily paid down the staggering debt that was run up in our fight against Nazi Germany and Imperial Japan. That pattern came to a screeching halt with Reagan/Bush and Bush. Clinton’s fiscal policy was a brief respite during this orgy of deficit spending.

Clinton balanced 5 budgets, which is 5 times as many balanced budgets as the last 5 Republican presidents combined.


President Obama, like President Clinton, inherited a sea of red ink and a recession from his predecessor. He, like President Clinton, recognizes the importance of getting America back to work and then getting our fiscal house in order.


See National Debt Graph @: http://zfacts.com/p/318.html