which is you ve heard about obama care, you ve heard about other things. you haven t heard anything about cutting the deficit. the republicans are not trying to cut the deficit at the moment. they re trying oddly enough to increase the deficit. the continuing resolution that they would pass would have spending be higher than the budget that they passed back in the spring. here s why. if you take a look at what s been happening and today is the last day of the fiscal year, see that deficit, these red bars here, have come down very has come down very sharply since 2009 when it hit its peak at $1.4 trillion. it s going to be down today when the books close at $642 billion, a drop of over $770 billion down. the blue lines at the top show you why or part of why this is happening. just because spending has been flat. spending which was went up in 2009 again because of the obama syst stimulus has been held flat and come down a little bit.
that will increase interest rates, increase unemployment. you talk about a lot of uncertainty, you re creating unsrcht. the president tried to use the debt limb to enforce his will on iraq. oh, come on. now he s son don t even think about doing that. you know what s going to destroy the economy is the debt. here s a question for you. that s what s going to break this economy. i think the deficit is down to about $642 billion. which means we re still adding to it. the deficit is going down, we are making progress. every year the debt is growing. even john boehner we have long-term issues to deal with. we should deal with them, but the fact is you won t give the president credit for reducing the deficit. i want to ask an a la cart question. if everything that stephanie objects to is tripped out, the debt ceiling comes out and all it has is the repeal of the tax
time bomb is the accompaniment to our national debt, ticking away like so many seconds and minutes on a clock. only the big explosion that we re all supposed to be bracing for is turning out to be less of a kapow and more of a kapoof. as it turns out, instead of going deeper into debt during the second fiscal quarter of this year, they were able to make a dent in the national debt for the first time since president obama took office. that s $35 billion ticks off the clock, in the opposite direction, paying down the national debt. and then there s the object of washington s other obsession. the reason we all need to borrow all that money, to reduce our national deficit. yep, no big bang there either, because the congressional budget office, cbo, recrunched the and found that in 2013, the gap between our spending and our revenues is expected to shrink, to $642 billion, which means by the end of the year, the u.s. government will run its lowest
all i can say is it has worked well for us. last weeks capitol hill busied itself with a trifecta of controversies, something remarkable happened. the budget deficit, the thing republicans have been calling the single greatest threat to american freedom shrank a lot. amy writing but now the government as annual deficit is shrinking far faster than anyone expected. last week a new report by the congressional budget office estimated the deficit would shrink to $642 billion, or 4% of the nation s gdp. to put this into perspective
ask your doctor about cialis for daily use and a 30-tablet free trial. here a little nugget that has been lost amid all the controversy in washington. the federal budget deficit is shrinking faster than anyone expected. the congressional budget office now projects a budget deficit of $642 billion. that s a lot but it is down more than $200 billion from its estimate as recently as