Government reports $1.3 trillion budg...

Government reports $1.3 trillion budget deficit

There are 70 comments on the KAUZ story from Oct 15, 2010, titled Government reports $1.3 trillion budget deficit. In it, KAUZ reports that:

The Obama administration said Friday the federal deficit hit a near-record $1.3 trillion for the just-completed budget year.

Join the discussion below, or Read more at KAUZ.

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“Freedom Demands Responsibility”

Since: Aug 09

21st Century

#1 Oct 15, 2010
Woof, Obama should be nominated for a Pulitzer Prize for Best Fiction.

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Apopka, FL

#2 Oct 15, 2010
Obama is a Liar. He promised to cut the deficit in half but has instead Tripled it.

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Apopka, FL

#3 Oct 15, 2010
Voted NO on paying down federal debt by rating programs' effectiveness.

Amendment intends to pay down the Federal debt and eliminate government waste by reducing spending on programs rated ineffective by the Program Assessment Rating Tool (PART).

http://www.ontheissues.org/2008/barack_obama_...

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Apopka, FL

#4 Oct 15, 2010
Obama speech: Get minorities into home ownership & global marketplace.

Obama adopted the CBC principles:(SUB-PRIME LENDING)

* Increasing Affordable Housing opportunities.
The CBC’s goal is to increase the nation’s homeownership rates. Home ownership is one of the best wealth creation vehicles for minority families. We will work with lending institutions and community organizations to ensure that minorities are afforded every opportunity to realize the dream of owning a home.

Source: Congressional Black Caucus press release 01-CBC10 on Jan 6, 2001

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Apopka, FL

#5 Oct 15, 2010
Obama Voted against limiting credit rates to 30%,

Clinton and Obama battled over their votes on bankruptcy bills and an amendment to cap interest charged on credit, at 30%. Obama claimed,“I thought 30% potentially was too high of a ceiling.”

Obama did vote against--and Clinton voted for--an amendment that would have placed a 30% cap on the interest rate that could be charged on any extension of credit.

The amendment failed by a vote of 74 to 24 in 2005. When the amendment came up for a vote, Obama was standing next to Sen. Paul Sarbanes, D-MD, the senior Democrat on the banking committee and the leader of those opposing the landmark bill, which would make it harder for Americans to get rid of debt.

As for whether the 30% cap was too high, that’s certainly a matter of opinion. Sen. Mark Dayton of Minnesota, sponsor of the amendment, said on the Senate floor that such a cap “is still consumer abuse” but is much better than rates of more than 300%, which he said were being charged by some loan operations in the country.

Source: FactCheck.org on 2008 Congressional Black Caucus Dem. Debate Jan 21, 2008

http://www.ontheissues.org/2008/barack_obama_...

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Apopka, FL

#6 Oct 15, 2010
Source: The Audacity of Hope, by Barack Obama, p.180-181 Oct 1, 2006

"Americans believe that if we work full-time, we should be able to support ourselves and our kids. For many people, this basic promise is not being fulfilled."

WHAT PROMISE? It's a BELIEF and a STUPID one at that you Aloof Goof!

Working Full Time and McDonalds is not going to buy the house on the hill or your Million Mansion.
driNk the HiVe

Orlando, FL

#7 Oct 15, 2010
Food & Energy Prices Are Going Up Fast-U Haven't See Nothing Yet...

The Increase Of Oxygen In The Brain Is Nice.
LOL

Bradenton, FL

#8 Oct 15, 2010
YAAAAYYYYYYYYYY!!!!!!!!!!obama


King of the Liars
scout

United States

#9 Oct 15, 2010
That's what happens to Marxist nations, and USA marxism is no different.
short trus micro bus

Claremore, OK

#11 Oct 15, 2010
1.3 in terms of new inflation numbers?( they dont want to tell you)
Ross

Ocala, FL

#13 Oct 15, 2010
This is what happens when you have pinheads who have never run anything in their lives in control of government. These people lack the common sense to walk and chew gum at the same time and they are in policy making positions in this government.

I hope this country can hold on until 2012.

November 2, 2010: It's time to take out the trash!
Wartime

United States

#14 Oct 15, 2010
$1.3 TRILLION?! Ha! A mere bag of shells. And he'd quintuple that if he could.

Crippling the nation -- in the name of political power and cradle-to-grave marxist control over Americans' lives while paying off his beloved unions, the welfare state, and people who pay no taxes -- is surely a worthwhile cause.

C'mon now, aren't his beloved unions worth it? And hey, what would our children and grandchildren do with security, prosperity, and freedom anyway?

Yes indeed, Bark "they treat me like a dog" Obama knows best.
Lance Winslow

Lake Hughes, CA

#16 Oct 15, 2010
At this rate, the deficit will equal what the war in Iraq cost in a few years.
Dr Obama obssesional

Ho Chi Minh City, Vietnam

#17 Oct 15, 2010
the Messiah wrote:
Obama is a Liar. He promised to cut the deficit in half but has instead Tripled it.
do u wanna b da first a trillionairy? just creammate!98%is airliner
:-0000000000
Wartime

United States

#18 Oct 15, 2010
Lance Winslow wrote:
At this rate, the deficit will equal what the war in Iraq cost in a few years.
Flunk remedial 3rd grade math, did you?

The Iraq war cost $709 billion.

No one should forget what happened after January 20th, 2007, when the DEMOCRATS TOOK OVER BOTH HOUSES OF CONGRESS.

Since 2007...

• The National Debt.....has increased from $8.67 trillion to $12.6 trillion—an increase of $3.93 trillion or 45.3%.

• The Debt Limit.....has increased six times. Since the Democrats took over Congress, the debt limit has increased from $8.965 trillion to $14.29 trillion -- an increase of $5.33 trillion or 59.4%.

• The Deficit.....has increased from $161 billion in the last budget before Democrats took control of the Congress (FY 2007) to $1.42 trillion in the most recent fiscal year (FY 2009)-- an increase of $1.26 trillion or 776%. The FY 2010 deficit is projected to come in at another $1.5 trillion.

•$10.5 Trillion Deterioration to Nation’s Budget Outlook.....The same month Democrats took control of Congress (January 2007), CBO, under then CBO Director Peter Orszag, projected an $800 billion surplus over the ten-year period FY 2008-2017. Today, covering the same period—including the actual deficits from FY 2008 and FY 2009—as well as what the President proposes in his budget for fiscal years 2011 through 2017, that $800 billion surplus turns into a $9.7 trillion deficit. This is a $10.5 trillion worsening of the budget outlook in three years of Democrat control of the Congress.

HIGHLY RECOMMENDED....4 consecutive posts....
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
acorn obama

Tampa, FL

#19 Oct 15, 2010
I think odumba and michelle think they won the lottery ... not the presiduncy!!!
crayz ox3thongth

Ho Chi Minh City, Vietnam

#20 Oct 15, 2010
acorn obama wrote:
I think odumba and michelle think they won the lottery ... not the presiduncy!!!
the WH appointED the court n whu select the president? ;)
Dingo

Folsom, CA

#21 Oct 15, 2010
Your grandman?

just looking for knowledge.

thanks, jesus loves you
crayz ox3thongth wrote:
<quoted text>
the WH appointED the court n whu select the president? ;)
Dingo

Folsom, CA

#22 Oct 15, 2010
You are sleepy, you keep flapping your gums about 2007 and totally ignoring what happened from January 20th, 2001 to 2007.., What really happened before the democrats put a gun to GW Bush's head?
from 2001-2007?
Wartime wrote:
<quoted text>
Flunk remedial 3rd grade math, did you?
The Iraq war cost $709 billion.
No one should forget what happened after January 20th, 2007, when the DEMOCRATS TOOK OVER BOTH HOUSES OF CONGRESS.
Since 2007...
• The National Debt.....has increased from $8.67 trillion to $12.6 trillion—an increase of $3.93 trillion or 45.3%.
• The Debt Limit.....has increased six times. Since the Democrats took over Congress, the debt limit has increased from $8.965 trillion to $14.29 trillion -- an increase of $5.33 trillion or 59.4%.
• The Deficit.....has increased from $161 billion in the last budget before Democrats took control of the Congress (FY 2007) to $1.42 trillion in the most recent fiscal year (FY 2009)-- an increase of $1.26 trillion or 776%. The FY 2010 deficit is projected to come in at another $1.5 trillion.
•$10.5 Trillion Deterioration to Nation’s Budget Outlook.....The same month Democrats took control of Congress (January 2007), CBO, under then CBO Director Peter Orszag, projected an $800 billion surplus over the ten-year period FY 2008-2017. Today, covering the same period—including the actual deficits from FY 2008 and FY 2009—as well as what the President proposes in his budget for fiscal years 2011 through 2017, that $800 billion surplus turns into a $9.7 trillion deficit. This is a $10.5 trillion worsening of the budget outlook in three years of Democrat control of the Congress.
HIGHLY RECOMMENDED....4 consecutive posts....
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
http://www.topix.com/forum/us/politics/T7SGOT...
Wartime

United States

#23 Oct 15, 2010
Dingo wrote:
You are sleepy, you keep flapping your gums about 2007 and totally ignoring what happened from January 20th, 2001 to 2007.., What really happened before the democrats put a gun to GW Bush's head?
from 2001-2007?
<quoted text>
Why do you lie, commie?

Did you lie to mommy dingo and daddy dingo too? Do they hate you for it? Was it them who kicked you out of their pouch for a life of abject poverty, lies, and sucking up to your propagandist employers? Or did the KGB merely blacklist you?

Oh, and thanks for all those overwhelming facts you posted to back up your paid MediaMatters propagandist bullsh!t.

Dasvidania.

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