TV News LIES

Friday, Oct 24th

Last update05:59:50 AM GMT

You are here News Editorials Bruce Enberg: "Børk, Børk, Børk"

Bruce Enberg: "Børk, Børk, Børk"

E-mail Print PDF

Swedish chefYou know how the right has been constantly complaining about Obama's ballooning deficit? They have of course been wrong about that since the day Obama inherited Bush's $1.5t annual deficit and immediately slashed it by getting rid of private crony contractors. There has been a steady decline in budget shortfall ever since, and the latest numbers have set new records.

The deficit for the first half of this fiscal year starting last October 1st was $413b, and this was a decline of $187 billion compared to the same time last year. These numbers were provided by the Treasury Department, so the Right will claim the numbers are fixed. They can't prove that, because math is just voodoo as far as the Right is concerned.

Further more, the deficit for March was only $37 billion, down from $107 billion in March of last year. This particular number was the smallest deficit for the month of March since 2000, (when another Democrat was POTUS).

The deficit is expected to be slightly more than more than 4% of GDP this fiscal year, a drop from a high of almost 10% of the GDP in 2009 at the end of the Bush Adm. This trend shows the deficit falling faster than in any year since the end of World War II, dropping from $1.1 trillion in 2012 to $680 billion. Conservatives had predicted a runaway deficit by this time with interest alone exceeding all possible tax revenue, and of course had Obama been forced to follow Bush's policies this would have come to pass.

More...


Most Recent Related Stories...


Bob Alexander: The Clown Behind the Monster is a Monster

monster clownOnce upon a time there was a thoroughly mediocre man. He was incapable of finishing secondary...

The NFL's breast cancer scam sells bunk science to profit off pink clothes

NFL breast cancer scamLike many other large brand names, the National Football League has long tried to use its...

Greenwald: Canada, At War For 13 Years, Shocked That ‘A Terrorist’ Attacked Its Soldiers

Canadian PMIn Quebec on Monday, two Canadian soldiers were hit by a car driven by Martin Couture-Rouleau,...

Bruce Enberg: What's the daily bag limit on McDucks?

mcDucksDallas Federal Reserve President Richard Fisher said Friday in a Fox News interview that the US...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!