Are the dems using fear tactics about the Federal buget deficiency?

Question

The myth persists in some media circles that the Federal budget deficiency is surging or ballooning or something terrible, all of which is served up as ammunition for those in Congress who want a tax increase.''
As an aside, I make a parenthetical statement and say we are now a little over 1,400 days away from a very, very large tax increase that will happen unless Congress takes action.
``At the risk of being drummed out of the guild, we thought you'd rather have the real story.
``The deficit has in fact declined by some $165 billion over the last 2 fiscal years, and according to the most recent data has continued to fall in the first quarter of fiscal 2007. The latest Treasury estimates for January show that tax receipts in December were $18 billion higher than a year earlier, helping to boost the budget surplus for the month to $40 billion, up from $11 billion a year ago. December is typically a good month for revenues due to year-end tax payments.
``Meanwhile, for the first 3 months of fiscal 2007 through December, revenues climbed 8.1 percent, building on double-digit revenue increases in the previous 2 years. Corporate income taxes were up a remarkable 22.2 percent in the first fiscal quarter, showing that the government continues to grab a nice chunk of rising business profits that so many of our politicians like to deplore. Individual income taxes rose 8.8 percent, thanks to strong wage and salary growth. Much of this revenue comes from `the rich,' believe it or not.
``In the most surprising budget news, Federal spending was nearly flat in the first fiscal quarter. This was despite a 22.1 percent increase in Medicare spending due largely to the new prescription drug benefit, and a 10.7 percent increase in defense spending. Those increases were offset by lower spending for flood insurance and disaster assistance compared with the peaks of post-Katrina payments a year ago. So the first quarter deficit was $85 billion, down sharply from $119 billion a year earlier.
``All in all, despite huge outlays for wars in Iraq and Afghanistan, the Nation's fiscal picture is brightening. We hate to ruin the press corps's day with such cheerful news, but there it is.''

federal budget deficit and deficiency are two different things. the better the deficiency (or lack of) the lower the deficit.

Answer 1

i am happy to say that i totaly agree with you. every since the republican sponsered tax cuts took effect , the deficit has indeed dropped to some of its lowest levels in nearly fifty years . with repect to 9/11 and the war on terror of course . putting that in perspective paints a whole new light on a gloomy economic picture that is consistently being painted by the media and libs in general. the fact is something that you already know... TAX CUTS WORK!!!! tax increases dont..... it is grade school economic simplicity that tells us that when people have more of their own money , they spend it... when they have less... they dont...when they do , goods have to increase to meet the demand. when they dont , goods produced lie dormant and workers feel the ultimate pinch . its pure trickle down and it is one of the most effective ways of increasing revenue . libs lie to gain power.... but results dont lie , and they never will...

Answer 2

Unbelievable! Saying that we shouldn't be concerned about the deficit is like saying we shouldn't be concerned with Osama. Weren't the Republicans pillorying the Dems unmercilessly when Carter was running deficits 10% of the size that W runs. And Carter never tried to hide the true size of the deficit by passing supplemental budgets supposedly for items that unexpectedly came up. Calling our war costs in Iraq as unexpected 6 years into the war is the most dishonest thing I've ever seen a politician do (except for about 7 or 8 other things Bush has done).

When the Republicans stop hiding the true size of the deficit by passing supplementals, then maybe I'll be willing to address the actual content of this ludricous question.

Stop Republican Lies!

Answer 3

What surprises me is how quickly the Democrats and Republicans have changed places on whether or not a deficit is a bad thing.

I'm old enough to remember when LBJ was the first to start using creative financing to get the surplus from Social Security into the general fund.

I'm old enough to remember when Democrats had total control and their idea was if you need more money raise taxes.

Answer 4

Yes. Since the Union backed Democrats never get unveiled by the Union backed Media and Union writers of newsprint. These Union Mafia thugs do whatever it takes because they need a Dem president to NOT veto the Earmarks that will be directed to them. Did you know that the original bailout required Unions to be on the board of the banks!! Outrageous!

Answer 5

"The Cost of Iraq War calculator is set to reach $378 billion March 31, 2007, halfway through fiscal year 2007. The Cost of Iraq War calculator is occasionally reset based on new information and new allocations of funding. The numbers include military and non-military spending, such as reconstruction."

And all this money came from the sky? Let me guess you think it all grows on trees.....

Answer 6

It's not fear tactics. It's real. Apparently you missed the Fed chairman last week, warning that we were endangering our children's futures. Speaking of fear tactics however:

I think I just heard someone say Al Queda. Maybe we should raise the terror alert level to orange. Attack is imminent.

Answer 7

I think they'll use "global warming" as their main fear tactic.

Answer 8

Knock, knock.......come back to reality.