http://www.google.com/hostednews/ap/article/ALeqM5g-YziTsAJw1ofv-BiXk2MoSXknwQD9EBVD6G0
Budget deficit sets record in February
By MARTIN CRUTSINGER (AP) – 5 hours ago
WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.
The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s. But Republicans have attacked the stimulus spending as wasteful and a failure at the primary objective of lowering unemployment.
The administration defends the economic stimulus bill that Congress passed in February 2009 with a pricetag at the time of $787 billion as the right medicine to get the economy back on its feet. President Barack Obama has said even more is needed to battle an unemployment rate that remained stuck in February at 9.7 percent.
The White House says that job creation will remain a top priority, hoping to convince voters that Obama did not spend too much time during his first year in office trying to get Congress to pass health care reform.
Read the rest of this at the link.
hoping to convince voters that Obama did not spend too much time during his first year in office trying to get Congress to pass health care reform.
I hope this was his punch line because for all intents and purposes, BO had no first year in office. He subbed it all out to Reid and Pelosi while he golfed and traveled and went on the forgiveness tours and partied.
It’s BO’s Deficit NOW!
Yup.
I hope this was his punch line because for all intents and purposes, BO had no first year in office. He subbed it all out to Reid and Pelosi while he golfed and traveled and went on the forgiveness tours and partied.
But I see you’re back to the stupidity again. would you care to stack up his record here against the last President?
Phoenician in a time of Romans:
It’s BO’s Deficit NOW!
Yup.
I hope this was his punch line because for all intents and purposes, BO had no first year in office. He subbed it all out to Reid and Pelosi while he golfed and traveled and went on the forgiveness tours and partied.
But I see you’re back to the stupidity again. would you care to stack up his record here against the last President?
When lacking an answer, insult the writer. Good try. I just laugh at this crap. Keep providing what BO is providing, nothing.
When lacking an answer, insult the writer
When you whine about Obama “golfing and travelling”, which part of “would you care to stack up his record here against the last President?” as an answer do you have problems reading? Do you need help with the big words, Yorkshire? Want mommy to hold your hand and read along with you?
Oh, and by the way, Yorkshire, apart from the fact that conservative pundits are yapping and, like a good little lapdog you’re yapping right along with them, what’s wrong with deficits in the present economic circumstances anyway?
On second thoughts, I take it back. Go ahead and tank your economy. We’re closer to Asia economically anyway these days. Suckers.
Phoenician in a time of Romans:
When lacking an answer, insult the writer
It’s why everyone here laughs behind your back and you’re not taken seriously. Why should I answer, or anyone answer a person who insults everyone. At first I thought you had something to say, but your MO is to throw out a bunch of lines, then insult someone. It’s gotten old Pho. Very, very old.
Yorktown, no Yorkshire screams and whines again:
President Obama has come up against the most hostile, most arrogant, most unrepentant opposition in my lifetime, yet you try to blame him, and, portray him as interested mainly in golfing and traveling and tours and partying. That is a gross mischaracterization, Yorkshire, and you damn well know it!!!
The deficit is high because we are still trying to stimulate the economy having bailed out critical financial institutions and car companies, by waging the Cheney/Bush neglected war in Afghanistan, and by putting on budget the items that Cheney/Bush neglected to do, like the two tax cuts, like the cost of the two wars, like the Medicare prescription drug bill — How is it that you conveniently forget these items, Yorkshire?
I will say that he has made some misjudgments strategically and tactically, mainly based on the hope that he could find common ground with the Repubs to move the country forward under the most trying of times, created by the huge mistakes and mismanagement of your party and the Cheney/Bush administration.
Phoenician is right on target with his responses, which, instead of debating him you crouched and went into the whining mode about insults.
No one on this blog is more insulting than many of those on your side. And by the way, where is his insult in this thread? I don’t see it! He has characterized your invective on this thread as stupid, true, as in brainwashed.
You right wing ideologues simply refuse to view realistically the pit that our economy was in at the outset of Obama’s Presidency, all as a result of what you folks, mainly, generated. How can you possibly defend such a record, then try to transfer the blame onto Obama et al? In fact, we have made great progress in a years’ time, considering the recovery of the financial sector, the improvement in the stock market, the beginnings of improvement in jobs, a changed attitude toward other nations, the beginnings of a turn around in Afghanistan, beginning to chastise Israel on their expansions into Palestinian territory in the West Bank and East Jerusalem, and addressing our long term health care needs.
Exactly what is it about this one year record that you don’t like, Yorkshire? Let’s get down to specifics!
If the deficit is Obama’s, then I’d like to compliment him on all the positive stuff that came out of the White House from 2000 to 2008. Excellent work, President Obama! (Just don’t ask me to specify anything good that came out of those years. The point is, conservatives think it was the golden years.)
I’d also like to compliment Obama on Seward’s Folly and the Louisiana Purchase. Good moves, Barry!
I also love how he freed us from British tyranny, crossed the Delaware, and discovered the New World.
When I got into my car today to drive to work, I had to pat myself on the back for inventing cars and discovering the utility of petroleum. The wheel was a good idea, too. I’m smart like that.
Well, Perry, he’s traveled more than Bush in his first year. He’s dodged making any attempt to writing a health bill, but relied on Reid and Pelosi to do it. He promised unemployment wouldn’t go above 8% if we passed his stimulus Bill, and it hasn’t been below since. He’s gone on forgiveness tours where he apologized for the US. All in all, I can’t think of a major accomplishment in his first year, other than having everything go backwards. Oh, he did have a successful beer summit with the cop he insulted.
And with having a filibuster proof Senate, and an overwhelming majority in the house, and he got his supreme court nominee confirmed, he did nothing with the tools he had. But he did a great job of calling the minority party obstructionists when they had no power at all. At least he made me laugh at that comment. And he turned into a bowl of quivering jello when a Republican got Kennedy’s old seat, and mange to help Republicans win in VA and NJ. So, there he’s doing a great job.
I do find it very humorous the Left Wing idealogues have to resort to name calling of the Right, as if it wins an argument.
And BTW, how’s that Hope and Change working for you? For many it’s been no hope and despair. It only took my daughter a year to find a job.
Oh, don’t forget that BO’s opening shot to the Republicans was “I WON”. Very conducive to bipartisanship. Not.
Exactly, Nangleator! Do you think Yorkshire understands your message?
Anecdotal! Thus, given Perry’s track record, meaningless.
Anecdotal! Thus, given Perry’s track record, meaningless.
Because you’re blind? Too old? Senile?
How is it an expansion into Palestinian territory when they’ve never had such territory — due to the land grab of their Arab neighbors? And even moreso after these neighbors lost their grabbed land in 1967? Is this just more of your revisionist anti-Semitic BS, Perry?
Oh, you mean like how you blame Bush for “not being prepared” for 9/11 — despite the chances the former administration had to ace a certain guy named bin Laden, Perry?
Can you really not see what a hypocritical fool you are?
FTFY, Perry
For Heaven’s sakes, Perry, quit being such a damned weiner!
OPh, and PD It’s YorkShire, not Yorktown.
Sorry, typoes again. Damn iPhone …
Hube: “…Bush for “not being prepared” for 9/11 — despite the chances the former administration had…”
Heh. Clinton’s fault? That’s a new one on me. But Clinton didn’t ignore multiple warnings about an impending attack, did he? Oh, that’s right. Bush’s only interest in intelligence agencies is in the lies they prepared for him. Not any truthful reports. Those agencies learned quickly enough to tell him what he wanted, not what was real.
I kinda like Yorktown. Let’s ask John Hickkup what he thinks.
New one …? You never heard about the golden opportunity Bill had to ace the sucker — but declined? Wow …
But I never said 9/11 was Clinton’s fault. Merely addressing Perry’s tiresome claim about Bush “ignoring” warnings. Y’know, after being in office not even 8 months. A non-specific warning about bin Laden being determined to attack the US. “New” news like that.
Yorktown did admirable work in the South Pacific and at Midway. I built a Yorktown model when I was a kid. Oh, and during Midway, Yorktown listed to port. So, put our own Yorktown in the water and he’ll probably list to port as well. Good moniker choice. And thanks for asking, JuanC.
Hube insults too:
Exactly like I said: “No one on this blog is more insulting than many of those on your side.”
Thanks, Hube, for demonstrating your obsessive, perverted demeanor!
Go back and get your own house in order!!
John: It’s a shame the Yorktown listed to port. OTOH, “sinking left” does have a nice ring to it … !
(BTW, watched a very cool documentary on Midway on the Military Channel last night. That Yorktown sure was one tough vessel!)
Tell ‘ya what, fossil — you do it, and I’ll do it. But I won’t hold my breath.
BTW Perry, how was I being insulting above? I merely asked questions in the first two examples, and then merely pointed out that anecdotal examples are meaningless! Y’know, like you always do!
And speaking of the deficit and finances, here are some fresh talking points put on line this morning by David Plouffe:
These items are aimed at preventing a double dip, which, if one happens, would increase our recovery deficit spending again. I’m not even sure that we will recover from this one, let alone another.
Obama’s first year has been a disaster. He’s the worst President we’ve ever had, and that includes both Lyndon Johnson and Jimmy Carter. Obama’s record is one failure after another. The only thing he’s got is bogus claims of accomplishment, but no concrete examples of success.
Obama has squandered the goodwill of the voters who put him in office. They expected the man they admired during the campaign, but got a Chicago thug on a Marxist ego trip instead. Obama should do the American people a favor and resign while there’s still time to save the country.
Perry wrote:
Perhaps you’ve forgotten the Democratic opposition to President Bush?
Regardless, President Obama enjoyed a large majority in the House of Representatives, and a filibuster-proof majority in the Senate. Republicans had no power except the power of persuasion.
If you guys are in a pissin’ contest about which is the worst president kindly call me when it’s over. They both suck.
The best idea is to start hireing statesmen instead of politicians to be president. We can start by excluding lawyers and Ivy Leager’s and require at least a little business experience before we turn them loose on our economy.
Thanks Hickkup, now June’s sleeping with a Latin Lover.
Anyway, back to the Subject, we are in FY10 which IS BO’s budget and expenditures. When we look at FY09, BO came into office adding a supplemental Trillion Dollars to the Budget to keep Unemployment under 8% as he promised. So, today the reported Uemployment is at 9.7% but the reality is double digit Unemployment. Spending and borrowing is sucking money out of the private sector. Small Businesses are not hiring because of HCR, Cap and Tax, and other unknown taxes and mandates such as CO2 regulations makes for a climate of total unknown, therefore, no expansion.
I am in complete agreement in regards to hiring a statesman. I just don’t think it’s possible in this environment. The one thing Massa said in his Glen Beck interview that I believed is that politicians spend 7 or 8 hours a day trying to generate contributions to themselves. I think we’ve made it impossible for an honest man to succeed in this government.
We haven’t even seen anyone who can schmooze and accept donations and make promises to all the biggest, richest corporations and special interests, then do what he thinks is right once he gets into office. It’s not illegal to go back on promises. Hell, it’s not even immoral to renege on promises given to legal bribers. There may be a few congressmen and senators like that, but none will ever make it to president. Not when billions can be spent in smear campaigns, now.
Unfortunately, I don’t see any way to separate the money from the position. Not unless political campaigns can be run for free, or for a set price, and media outlets have a requirement for equal time for political messages. That’s a pipe dream, though. The only people that can change things benefit the most from the status quo.
Naggy, I am all for Congressional Term Limits as the next Constitutional Amendment. 20 years ago is still 20 years too late. Set term limits, and set them sufficiently low, then eliminate Congressional Retirement pay, and see how many politicians flee DC and how many statesmen come in.
Awesome news! ACORN is re-funded: http://rawstory.com/2010/03/judge-govt-funding-acorn/
Awesome news! ACORN settles lawsuit in Ohio by agreeing to pull out of Ohio!
Repub lies have made life difficult for ACORN, undeservedly. Repubs don’t give a damn about the poor and those in need through no fault of their own.
Nangleator said:
The problem basically began with Reagan with his deregulations. From then to now, we are governed by the powerful moneyed class, which is dragging us down as a nation.
For just one small example, trains, check this out.
Perry, you are busily lying about Republicans and ACORN. ACORN is full of voter registration fraud. ACORN members did their best to aid and abet in an under-aged illegial-alien prostitution ring in multiple states and they were caught on video. And your lie about Republicans is an outright lie, full of bluster and completely void of any facts.
You, Perry, are a liar who refuses to see the truth.
John H.:
Credible citation please!
Perry, the person who previously adamantly refused to give sourcing for his unattributed quote, the person who constantly demands citations and then vanishes completely when proven not only wrong but dead wrong, demands yet more citations, as if he had any credibility whatsoever.
John H.: Credible citation please!
Since you have yet to supply one, I conclude that you made stuff up, again!
John: “ACORN members did their best to aid and abet in an under-aged illegial-alien prostitution ring…”
Disproven to the satisfaction of a judge. Unethical editing. Lies. The same level of behavior that landed the ‘film maker’ in his present predicament.
John: “Awesome news! ACORN settles lawsuit in Ohio by agreeing to pull out of Ohio!”
Touché!
Thrown out by a judge with strong ACORN ties, naggy. Do try to keep up with the facts.
And, Perry, your dishonest conclusions are worth as much as your proven credibility level, which is less than the value of an ounce of pigeon guana.
Nice trains, Perry! But you forgot that fine bit of American engineering, the Acela: http://image05.webshots.com/5/1/44/60/102914460QCRUeV_fs.jpg
Step 1: Perry demands citations.
Step 2: Citations are given.
Step 3: Perry is conspicuous in his permanent absense.
Step 4: Perry moves to another thread.
Step 5: Perry moves to step 1.
In related news, Perry spends a protracted period of time adamantly refusing to give his sourcing for his unattributed quotation, claiming something along the lines of Perry’s word should be good enough (even though they weren’t Perry’s words, but rather the words of another whom Perry was adamantly refusing to give proper attribution).
Lie your way out of that, Perry.
John H., your chickened out! And, you are like a broken record!! Meaningless!!!
Perry, first off, my name is not Marty McFly. Second off, I am repeating the truth about your mendacious behavior.
Nangleator: Yes, I did forget the Acela. It was not included at the cite I gave. Acela, which runs at a top speed of 75mph, is not in quite the same class as the nine shown at the cite. This is one example of our neglected infrastructure, a neglect that goes back decades, as we have fallen in love with our cars and engaged in sprawl, both making us dependent on our cars instead of trains. We have also neglected our cities, unlike many European and Asian countries. I get discouraged by all this neglect and lack of planning for the future.
[Added] By the way, your link is not working.
John H.: You need an upgrade in order to understand the meaning of “truth”. I’m hopeful!
We can start by excluding lawyers and Ivy Leager’s and require at least a little business experience before we turn them loose on our economy.
Like, uh, Bush?
Yeah – that turned out well.
Nangleator:
Nice trains, Perry! But you forgot that fine bit of American engineering, the Acela:
http://image05.webshots.com/5/1/44/60/102914460QCRUeV_fs.jpg
How about a fine bit of French-German Engineering.
Yorkshire, your link is not working, a shame, because I wanted to see the picture.
I have tried but been unsuccessful in depositing an image on this blog.
You could try the author feature, which you have used successfully many times.
Awesome news! Judge dismisses ACORN’s lawsuit against Giles, O’Keefe, Breitbart!
I tease the Acela, but I actually enjoyed the one round trip I had in one. It was fabulously comfortable. A more pleasant means of travel I can’t imagine, and a painless terminal at one end. The Penn Station wasn’t quite painless, but still miles better than an airport. When the weather is better, I plan on taking my wife to Manhattan for a nice day. We’re in NE Massachusetts, but I’d bet we would make the trip quicker than another couple taking a flight.
John H.: You already gave that link. What happened in OH is not necessarily representative of the rest of the nation. Not only that, but this was a single law suit involving one single incident in Maryland. It also is not relevant to this statement that you made:
Thus, you have not fulfilled your obligation!
That’s strange about dropping the lawsuit. Perhaps they don’t want the expense of the trial. Perhaps there are related criminal charges in the works.
Perry, I was not trying to give a link for another of your god-like demands. And, I did not already give that link. If you look at the posting date of that most recent link I gave and you adjust for Pacific Daylight Time, you will see it would’ve been impossible for me to give that most recent link, which had nothing whatsoever to do with Ohio.
Next.
Perry:
Yorkshire, your link is not working, a shame, because I wanted to see the picture.
I have tried but been unsuccessful in depositing an image on this blog.
You could try the author feature, which you have used successfully many times.
It’s Nang’s link. See a few above mine.