US deficit down 9%

[reelop19]

Here's a great little story about the 1920's Depression that never came to be. As you all may know I love to reference why the government is ever so wrong :) Naturally there will be those who will cast this aside because after all what can history teach us? Why should anybody feel the pain so that our kids and grandkids dont?

http://www.oregoncatalyst.com/index.php/archives/2112-The-Other-Great-Depression.html

[blunttech]

Government spending, overall, hasn't really changed much at all in the last 4 years.

lol

[mrsleeve]

Government spending, overall, hasn't really changed much at all in the last 4 years.

Where is that you mad. Jpeg??????

[reelop19]

He must've meant because of its climbing trend, not that it stayed the same.

[z31maniac]

Wonder how much they'd save if they weren't spending a quarter billion a day on war?

Iraq still cost less than the "stimulus"

[Massive Lee]

Iraq still cost less than the "stimulus"

Interesting. Do you have numbers?

[KenC]

Iraq still cost less than the "stimulus"

About the same for both. High $700b range. Both a waste.

Interesting enough, it's about the same figure for the defense dept budget for FY 2011...

[mrsleeve]

About the same for both. High $700b range. Both a waste.

Interesting enough, it's about the same figure for the defense dept budget for FY 2011...

ahhhh last I read the DoD was getting about 500b for its budget in 2011. Thats a way off from 700b. And thats something the govt is supposed to spend money on Not making sure I have approved Heath care

[KenC]

ahhhh last I read the DoD was getting about 500b for its budget in 2011. Thats a way off from 700b. And thats something the govt is supposed to spend money on Not making sure I have approved Heath care

It's like ~$550B + ~$150B for the war(s).

[mrsleeve]

ahhhh


gotcha, Still gonna pull a Politician move here though

Those are separate line items and different approvals for funding.

[Raxe]

About the same for both. High $700b range. Both a waste.

However, there's a slight difference between the two.

One was spent in a failed effort to rebuild America; the other was spent in a failed effort to rebuild Iraq.

[z31maniac]

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Little-known-fact-Obamas-failed-stimulus-program-cost-more-than-the-Iraq-war-101302919.html

For Lee

[Kershaw]

i blame obama for this.

[reelop19]

me too

[Kansas]

He must've meant because of its climbing trend, not that it stayed the same.

Yep. That's what I get for posting at the crack of dawn. US government spending has increased at more or less the same rate each year for the last 20 years. Doesn't matter who's in office, how the economy is doing or how much revenue they're getting: the government always gets bigger.

Where is that you mad. Jpeg??????

Am I mad that the government isn't spending more money? No. We need to figure out a way to cover the amount of spending we have been doing. Which means tax hikes, and I know how much everyone loves to hear that. Though one thing that worries me is the possibility that we could lose a decade like Japan did.