detlef Posted July 20, 2007 Share Posted July 20, 2007 Reread the article. What they are saying is that the deficit FOR THIS YEAR will "only" be $205 billion, which is half what it was at the worst of our deficit spending. So, we still overspent, just not as bad. Yes, it's a step in the right direction. But even once we get the ANNUAL deficit down to $0, we still have to go back and start working on the nearly $9 TRILLION dollars of accrued debt that we've piled up. If that doesn't make you gloomy, then I'd like some of what you're on, please. jinx, buy me a coke. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 20, 2007 Share Posted July 20, 2007 (edited) It is the DEFICIT. Not DEFICIT SPENDING. Why is this so hard to accept? Does EVERYTHING have to be gloomy? Is good news too scary because it goes against certain political motivations? I am not a Bush fan, but it is amazing how with a booming economy and the ACTUAL deficit being reduced, there is little talk about it. I know why and so do you. So let's just be honest and accept the fact that this is an amazing feat WHILE we are funding a stoopid war. Cutting the deficit means reducing the gap between current income and current outgoings. It is still spending more than is being earned. While this is a step in the right direction, it is not success. First we need to eliminate the deficit, then we need to begin to reduce the debt. ETA: Dang, Detlef and Yo already said all this. Edited July 20, 2007 by Ursa Majoris Quote Link to comment Share on other sites More sharing options...
detlef Posted July 20, 2007 Share Posted July 20, 2007 Dude, check yourself. That means the amount that we are overspending will drop to $205 million from a higher number the year before. I mean, it is step in the right direction, but we are not, in fact, making any headway into our debt. This isn't me hating on Bush. This is me explaining to you what is often a misconception in reading that phrase. Sorry to be the bearer of bad news, but the debt is not shrinking. Reread the article. What they are saying is that the deficit FOR THIS YEAR will "only" be $205 billion, which is half what it was at the worst of our deficit spending. So, we still overspent, just not as bad. Yes, it's a step in the right direction. But even once we get the ANNUAL deficit down to $0, we still have to go back and start working on the nearly $9 TRILLION dollars of accrued debt that we've piled up. If that doesn't make you gloomy, then I'd like some of what you're on, please. Cutting the deficit means reducing the gap between current income and current outgoings. It is still spending more than is being earned. While this is a step in the right direction, it is not success. First we need to eliminate the deficit, then we need to begin to reduce the debt. OK, both of you need to buy me a coke. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 20, 2007 Share Posted July 20, 2007 OK, both of you need to buy me a coke. Funny how we all said "right direction". I'll buy you a beer next time I'm in NC. Quote Link to comment Share on other sites More sharing options...
yo mama Posted July 20, 2007 Share Posted July 20, 2007 (edited) Funny how we all said "right direction". I'll buy you a beer next time I'm in NC. Ironic that the right direction comes from those who are left-leaning. Edited July 20, 2007 by yo mama Quote Link to comment Share on other sites More sharing options...
Big John Posted July 20, 2007 Share Posted July 20, 2007 jinx, buy me a coke. 1984 SNL skit: Jinx! Buy me a Coke! Inky-dinky-pinky-winky! Flush it down the kitchen sinky! Alley Ooop! Alley Ooop! Doh hinky. The king of France wet his pants right in the middle of a ballroom dance. Yodleayheehoo! Yodleayheehoo! Nee nee nee ne nee nee neee ne nee nee nee nee. Huh!" Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted July 22, 2007 Share Posted July 22, 2007 I guess McBoog realized he was wrong and went away. Or should I explain in a different way that his link does NOT say we are lowering our total defecit, only the rate at which we sink further into the whole. Should I do that? Quote Link to comment Share on other sites More sharing options...
wiegie Posted July 22, 2007 Share Posted July 22, 2007 Let me explain it like this: the deficit is a flow variable, while the debt is a stock variable. Does that clear everything up for you, McBoog? Quote Link to comment Share on other sites More sharing options...
WaterMan Posted July 22, 2007 Author Share Posted July 22, 2007 If I didn't vote for the war, do I have to pay for it? Quote Link to comment Share on other sites More sharing options...
The Holy Roller Posted July 22, 2007 Share Posted July 22, 2007 Our new national motto: Spend It Like You Stole It! F' them Chinese. Make'm come and collect. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted July 23, 2007 Share Posted July 23, 2007 Ironic that the right direction comes from those who are left-leaning. Actually I was the first one to say that lowering the deficit was good, but we need to be lowering the debt. Quote Link to comment Share on other sites More sharing options...
H8tank Posted July 23, 2007 Share Posted July 23, 2007 maybe we can build a decent school or two while were at it No, democrats gave us indian casinos and lottery's to build schools! Quote Link to comment Share on other sites More sharing options...
yo mama Posted July 23, 2007 Share Posted July 23, 2007 Actually I was the first one to say that lowering the deficit was good, but we need to be lowering the debt. Oh, I know. But you said "lowering the deficit is great." That didn't lend itself as well to a self-serving, only marginally humorous play on words involving the terms "right direction" and "left-leaning." Quote Link to comment Share on other sites More sharing options...
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