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Hey Hondo...you are so worried about Kansas how about the US Budget?
HoustonHusky
Member Posts: 5,992
in Tug Tavern
http://www.washingtonexaminer.com/budget-office-us-debt-picture-has-worsened-dramatically/article/2566337
"The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery," the Congressional Budget Office reported in its long-term budget outlook for 2015 released Tuesday.
Obamanomics in action...
"The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery," the Congressional Budget Office reported in its long-term budget outlook for 2015 released Tuesday.
Obamanomics in action...
Comments
The projection issued Tuesday, which is subject to significant uncertainty, is a slight improvement from last year, when the budget office estimated that debt would hit 106 percent by 2039. The outlook has gotten brighter, if only trivially, because financial markets now expect lower interest rates in the future, which will lower the cost of servicing the debt for the Treasury.
the federal debt is anticipated to decline for the next few years, thanks partly to spending cuts and tax increases imposed by Congress in recent years.
Clearly some of you just read the headline, see it paints Obama as a piece of shit, then bobble your head around like a chicken strutting that you are right.
Of course the writer still has no clue the difference between debt and deficit.
Read deeper...its a "slight improvement from last year" because the economy is shittier than expected last year, meaning they are forecasting interest rates to be lower longer. Or, as the next sentence from your quote says..."The outlook has gotten brighter, if only trivially, because financial markets now expect lower interest rates in the future," That's something to hang your hat on...or in your case provide a gurgle or two...
And yes, the debt isn't going down contrary to the wording in the article (yes...its even worse for Obamanomics...). The deficit has been going down some...it was something like $490 billion last year (still outrageous compared any and all historical standards...), but the debt has been and is still rising like a runaway train under Obama...
Thanks for teeing up another one...you REALLY aren't good at this. Shouldn't you be perusing the KC Star for another article or two?
But keep bobbing to the no facts conservative beat.
http://m.research.stlouisfed.org/fred/series.php?sid=FYFSGDA188S&show=obs&allobs=1
Date Value
2014-01-01 -2.78176
2013-01-01 -4.05260
2012-01-01 -6.72492
2011-01-01 -8.37480
2010-01-01 -8.64968
2009-01-01 -9.79761
2008-01-01 -3.11547
2007-01-01 -1.11000
2006-01-01 -1.79116
2005-01-01 -2.43129
2004-01-01 -3.36237
2003-01-01 -3.28030
2002-01-01 -1.43710
2001-01-01 1.20729
2000-01-01 2.29699
1999-01-01 1.30023
1998-01-01 0.76211
1997-01-01 -0.25421
1996-01-01 -1.32628
1995-01-01 -2.13922
1994-01-01 -2.78002
1993-01-01 -3.70784
1992-01-01 -4.43963
1991-01-01 -4.36084
1990-01-01 -3.69650
1989-01-01 -2.69790
1988-01-01 -2.95431
1987-01-01 -3.07441
1986-01-01 -4.81955
1985-01-01 -4.88435
1984-01-01 -4.58750
1983-01-01 -5.71183
1982-01-01 -3.82592
1981-01-01 -2.45930
1980-01-01 -2.57921
1979-01-01 -1.54728
1978-01-01 -2.51146
1977-01-01 -2.57234
1976-01-01 -3.92693
1975-01-01 -3.15247
1974-01-01 -0.39611
1973-01-01 -1.04361
1972-01-01 -1.82260
1971-01-01 -1.97234
1970-01-01 -0.26415
1969-01-01 0.31787
1968-01-01 -2.66960
1967-01-01 -1.00302
1966-01-01 -0.45374
1965-01-01 -0.18973
1964-01-01 -0.86250
1963-01-01 -0.74475
1962-01-01 -1.18096
1961-01-01 -0.59205
1960-01-01 0.05540
1959-01-01 -2.45914
1958-01-01 -0.57448
1957-01-01 0.71847
1956-01-01 0.87692
1955-01-01 -0.70225
1954-01-01 -0.29507
1953-01-01 -1.66615
1952-01-01 -0.41311
1951-01-01 1.75698
1950-01-01 -1.03897
1949-01-01 0.21261
1948-01-01 4.29258
1947-01-01 1.60784
1946-01-01 -6.99561
1945-01-01 -20.83830
1944-01-01 -21.17409
1943-01-01 -26.86066
1942-01-01 -12.35120
1941-01-01 -3.81839
1940-01-01 -2.83771
1939-01-01 -3.04385
1938-01-01 -0.10183
1937-01-01 -2.35806
1936-01-01 -5.06949
1935-01-01 -3.77254
1934-01-01 -5.36826
1933-01-01 -4.54895
1932-01-01 -4.59664
1931-01-01 -0.59690
1930-01-01 0.80043
1929-01-01 0.70172
I like to claim reading comprehension skillz and miss critical detail, I do that.
Stick to the headlines.
Nor do you.
But what does that say about the writer?
And if you had ANY intellectual curiosity at all, why don't you add the US growth rate next to each one of those...give you something else to gurgle over...
Getting perspective on the US debt crisis:
As for "unfunded wars", Obama's run up the debt $8+trillion, and less than $1 trillion of that has been Iraq (think its something like $300 billion or so...yes...something like < 5% of Obama debt increase). Whoops on your part...
I'll save you some gurgling (not sure why...you seem to enjoy it)...one could say Afghanistan as well, but it would be FS since 80% of the spending in Afghanistan has been under Obama due to his policies changes (i.e. his "good war").
God you are FS...its almost comical if it wasn't so sad.