Budget deficit drops, again
Seems the federal budget deficit dropped. Again. Seems all of a sudden hardly anyone really seems to care. Wasn’t that an issue last fall? Didn’t people totally ignore the numbers of a shrinking deficit and decide to buy the rhetoric that the budget was out of control? Why did they do that? Now, what’s getting ready to happen is this same speaker who ignored the shrinking deficit and sold a lot of people on the fact that it was not doing what it actually was doing is wanting to repeal most of the things that seemed to kick-start this process. She’s wanting to repeal tax incentives and increase taxes, along with spending for specific social programs. Will this undo the progress on the single issue that has dominated economic debate for the last decade? I dunno, I’m not an economist. What I do know is what is being done now seems to have diverted an economic melt-down started in 1999 and gotten things going in the direction these economists were saying we needed to be going in. What I don’t see is these same economists shouting with the same venom that messing with what’s working is a bad thing. What I also don’t see is this mentioned hardly anywhere in the media.
Wonder why that is?
- July 28, 2008 -- $128 billion surplus morphed to giant deficit (0)
That's the teaser on CNN. Here's some of the meat:
A Democratic point man on the budget, Sen. Kent Conrad of North Dakota, blasted the administration for its "reckless fiscal policies," blaming t...
- February 5, 2009 -- Pulling the wool over our eyes (0)
Representative Lynn Woolsey is in the same bed as Nancy Pelosi ( now is that a scary vision or what? ):
Sift through their self-righteous attacks on the Senate floor and the bluster of their talki...
- March 6, 2007 -- The ultimate strong arm (1)
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- November 10, 2006 -- Nancy Pelosi Condemns Rangel for dissing Mississippi (0)
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- January 9, 2006 -- Bush economic policy shatters records! (0)
Something happened in 2005 that I've only seen mentioned in ONE media outlet:
For the first time in history, the dow spent an entire year above 10,000. That never even happened during the...