Can any of you rightwing conservative types make reasonable comments. On another toon, there were comments about illegals, yet non mentioned the state that caused illegals to leave, letting crops rot in the field as no one would pick them. Nor that many companies hire illegals to keep profits high as paying americans to pick and covering them with insurance and benefits, would make the products too expensive and lower profit.(plus the illegals are less likely to be criminals than american vagabonds who might do the same work.)
“The federal government’s latest annual deficit is the smallest it’s been since 2008, according to Treasury Department data released Wednesday.At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion. As a percent of the economy, it’s also considerably smaller than it’s been in the past five years, coming in at 4.1% of gross domestic product. By contrast, the annual deficit in 2009 topped 10% of GDP. And last year it was 6.8%. Overall, Treasury said higher receipts accounted for 79% of the decline in the deficit from last year. Several factors have contributed to the strong improvement in the nation’s near-term fiscal picture. They include an improving economy and a mix of fiscal restraint — primarily, the expiration of stimulus measures, the imposition of across-the-board budget cuts known as the sequester, and tax increases on high-income households during the 2013 fiscal year, which ended September 30. Another boon was the fact that Fannie Mae (FNMA, Fortune 500) and Freddie Mac (FMCC, Fortune 500) paid back a large part of the $187 billion federal bailout the mortgage giants received, starting in 2008, to help them weather the housing crisis. In addition, total interest payments — $415.6 billion — were moderate relative to the amount of outstanding debt and GDP, but were nearly 16% higher than in 2012. Overall, spending in 2013 totaled 20.8% of GDP, down from 22% the year before, thanks in part to declines in defense spending and unemployment benefits, as well as the sequester. Among the areas where annual spending rose were Social Security and Medicare.”+http://money.cnn.com/2013/10/30/news/economy/deficit-2013-treasury/
The Republican house is doing the exact opposite of what needs to be done to fix the deficit and the debt. In a private sector languishing economy, you do not cut spending, you tax the wealthiest and borrow to spend on infrastructure and essential services that increases the productive capacity of the nation. Deficits and debt are not fixed by reduced spending, they are fixed by full employment and a growing economy. A growing economy and full employment does two things – increases tax revenue and decreases expenditures on safety net programs – unemployment insurance, food stamps, Medicaid, and the like. Borrowing to spend on infrastructure is all the more important when interest rates are at an all-time low. If the House was a business the board of directors would be fired for not taking advantage of extremely low interest rates to grow the economy. One can only assume the Republican house is doing the exact wrong thing because they do not want recovery.
ConserveGov over 10 years ago
You won’t be the one paying it off, so who cares. Right?
Mneedle over 10 years ago
You are right. Borrowing is easy. Repaying is difficult.
TCulberson over 10 years ago
And our current POTUS keeps giving money to solar companies that go bankrupt!
eugene57 over 10 years ago
Can any of you rightwing conservative types make reasonable comments. On another toon, there were comments about illegals, yet non mentioned the state that caused illegals to leave, letting crops rot in the field as no one would pick them. Nor that many companies hire illegals to keep profits high as paying americans to pick and covering them with insurance and benefits, would make the products too expensive and lower profit.(plus the illegals are less likely to be criminals than american vagabonds who might do the same work.)
bernardgarner over 10 years ago
What a stupid cartoon. She is preaching to her Republican choir.
lonecat over 10 years ago
“The federal government’s latest annual deficit is the smallest it’s been since 2008, according to Treasury Department data released Wednesday.At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion. As a percent of the economy, it’s also considerably smaller than it’s been in the past five years, coming in at 4.1% of gross domestic product. By contrast, the annual deficit in 2009 topped 10% of GDP. And last year it was 6.8%. Overall, Treasury said higher receipts accounted for 79% of the decline in the deficit from last year. Several factors have contributed to the strong improvement in the nation’s near-term fiscal picture. They include an improving economy and a mix of fiscal restraint — primarily, the expiration of stimulus measures, the imposition of across-the-board budget cuts known as the sequester, and tax increases on high-income households during the 2013 fiscal year, which ended September 30. Another boon was the fact that Fannie Mae (FNMA, Fortune 500) and Freddie Mac (FMCC, Fortune 500) paid back a large part of the $187 billion federal bailout the mortgage giants received, starting in 2008, to help them weather the housing crisis. In addition, total interest payments — $415.6 billion — were moderate relative to the amount of outstanding debt and GDP, but were nearly 16% higher than in 2012. Overall, spending in 2013 totaled 20.8% of GDP, down from 22% the year before, thanks in part to declines in defense spending and unemployment benefits, as well as the sequester. Among the areas where annual spending rose were Social Security and Medicare.”+http://money.cnn.com/2013/10/30/news/economy/deficit-2013-treasury/
phdtogo over 10 years ago
No Comrade Marty, Stalin has already purged the military to avoid a coup.
Gypsy8 over 10 years ago
The Republican house is doing the exact opposite of what needs to be done to fix the deficit and the debt. In a private sector languishing economy, you do not cut spending, you tax the wealthiest and borrow to spend on infrastructure and essential services that increases the productive capacity of the nation. Deficits and debt are not fixed by reduced spending, they are fixed by full employment and a growing economy. A growing economy and full employment does two things – increases tax revenue and decreases expenditures on safety net programs – unemployment insurance, food stamps, Medicaid, and the like. Borrowing to spend on infrastructure is all the more important when interest rates are at an all-time low. If the House was a business the board of directors would be fired for not taking advantage of extremely low interest rates to grow the economy. One can only assume the Republican house is doing the exact wrong thing because they do not want recovery.
artistdavid over 10 years ago
Clark Kent, close the phone Booth door and your stupid mouth!
artistdavid over 10 years ago
And our current POTUS keeps giving money to solar companies that go bankrupt!
That is so they will contribute to his perennial campaigning.