rachel maddow just reported obama lowered deficit 20% from last year.

[RepublicanElephant]

she also said not to expect the right-wing to report it.

[MannyGoldstein]

1. Obama = FDR?

OK then.

[DJ13]

2. Yes, but without the job creation, or taking on the financial elites

Otherwise, sure, the same.

[JamesA1102]

6. Bet when your kid comes home with a B+ you give him crap for

not getting an A-.

[DJ13]

9. No, but if he doesnt try and gets a C......

I wont lie to other parents and claim he got an A

[JamesA1102]

13. I doubt it

You seem like the type who treats a B+ like it's a C.

[GOTV]

22. If I think he was capable of an A yes, he gets crap. There's no praise for not working.

[JamesA1102]

26. Sucks to be your kid nt

[boppers]

30. Who has Obama put into concentration camps?

Just checking.

[Name removed]

7. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[dennis4868]

3. but but but but....

the media told me that Obama is a liberal out of control spender....that's the narrative they told me to believe.

[applegrove]

4. Yup. I'm sure faux is continuing it news black-out on all this positive about Obama.

[Scurrilous]

5. Thanks.

K & R :thumbsup:

[chill_wind]

8. Great! He should Shit-Can the deficit commission.

[Scuba]

36. +1

[Clio the Leo]

10. And this will come as news to a lot of good DUers...

.... and that's disgraceful.

[FrenchieCat]

11. Thank you!

:bounce:

[impik]

12. I don't expect the MSM to report it

[GoCubsGo]

16. Hey, the Duggars are expecting another grandchild.

That's much, much more important. :sarcasm:

[treestar]

20. And Dancing with the Stars is on!

:sarcasm:

[CTLawGuy]

14. thanks for waiting until after the election

Rachel.

[GoCubsGo]

15. I don't think she had that information before the election

She usually reports this sort of information immediately after it's made public.

[Cosmocat]

17. It was out before the election ...

they also thwarted a major terrorist attack, have been the best admin on border security pretty much in history, TARP has been pretty much paid back, GM making money ... All kinds of other positive economic news ...

But, the liberal media reported none of it, while festering division and hate and letting a country with the highest standard of living on the planet wallow in this false belief that the world is coming to an end economically and only cutting taxes even further to really rich people will return us to greatness ...

[Phx_Dem]

18. Yep, it was out before the election, I read on a blog, but the media ignored it.

Surprise.

[JudyM]

25. It's not just the media -- why don't we communicate better?

Another example: why, if Pelosi was one of the most productive Speakers in history, weren't there pithy soundbytes or even talking points by the candidates? Why the tail between the legs instead of proudly trumpeting what we'd accomplished? I never heard about the bills put out by the House or even laws that were passed by both houses.

[Number23]

29. That's a helluva post. You should really make it an OP.

Although I'm a bit ambivalent on the claim that the US has the "highest standard of living on the planet." :)

[Cosmocat]

38. LOL ...

I'm biased being one of those america hating liberal type :)

The GOP/Media Iraqed the country AGAIN ...

[treestar]

19. Yep.

The M$M will not cover anything unless they can use it against the Democrats.

[WI_DEM]

21. except that the msm igores that fact and reports only that the deficit is sky high and Americans are

not happy with it.

[discopants]

23. Where is this info? Link please

or was Rachel referring to the projections of Simpson's deficit commitee?

[mikekohr]

33. Here is a link and some numbers

http://bureaucountydems.blogspot.com/2010/10/7-republican-lies-for-election-day.html

‎7 REPUBLICAN LIES FOR ELECTION DAY:

1) President Obama tripled the deficit.
Reality: Bush's last budget had a $1.416 trillion deficit. Obama's first reduced that to $1.29 trillion, repeating the pattern of President Clinton's glide path to fiscal sanity.


When I do the math I come up with a 10% reduction in the yearly deficit from Bush's last year to President Obama's first fiscal year.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[discopants]

34. No info found at all?

But nowhere have I seen any infomation to verify what the original post attributes to Maddow. 10% is pretty sweet ... but it's not 20% reduction.

I see a whole lot of references to Simpson's Deficit Commission predictions showing a possible 20% reduction next year if his plans were enacted. I still think people incorrectly interpreted what Maddow said >>> I hope I'm wrong.

[mikekohr]

35. We may be witnessing the biggest one-year nominal drop in the deficit that has ever occurred, -link-

http://www.washingtonmonthly.com/archives/individual/2010_10/026151.php

DEFICIT SHRINKS FROM LAST YEAR'S RECORD.... Deficit hawks probably won't be pleased with the total, but they should at least be pleased with the direction.

The federal government budget deficit shrank in fiscal 2010, but the big gap was only $122 billion lower than the record high set a year ago.

The U.S. spent $1.294 trillion more than it collected in the fiscal year that ended Sept. 30, the Treasury Department said Friday.

The deficit amounted to 8.9% of gross domestic product. That's down from fiscal 2009, when the deficit of $1.416 trillion was 10.0% of GDP.

Spending fell and revenues rose in fiscal 2010 as the economy recovered from the deep recession that contributed to the nation's troubled fiscal condition.



If this sounds familiar, it's because the Congressional Budget Office reported on its estimate of the federal budget deficit for FY2010 would just last week. Today's Treasury report is the official deficit tally, though as it turns out, the CBO projection was almost on the nose.

The $1.294 trillion shortfall is smaller than last year's total; it's slightly lower than the deficit President Obama inherited from his predecessor; and the final figure was smaller than projections made by the administration and the CBO earlier this year.

Want to have some fun? Ask your favorite Tea Partier whether the deficit they claim to care so much about is higher or lower now than when Obama took office. They won't care for the answer, but it's true.

What's more, as Stan Collender recently noted, the $122 billion improvement on the deficit "is the biggest one-year nominal drop in the deficit that has ever occurred." We probably won't see headlines blaring, "U.S. achieves biggest one-year deficit reduction in American history," but that just happens to be the case.

So, why won't this news be heralded as a positive development. For all the reasons we talked about last week.

For those of us who want to see the government borrow more in order to invest in economic growth and job creation, news of the deficit going down isn't good news at all. Borrowing more money is exceedingly cheap right now, and the economy desperately needs a boost. The fact that the deficit is shrinking may seem like good news in the abstract, but it's arguably the opposite of what we need.

And for those who consider the deficit a civilization-threatening scourge, we may be witnessing "the biggest one-year nominal drop in the deficit that has ever occurred," but it's not enough because it's still $1.29 trillion. Indeed, Senate Minority Leader Mitch McConnell responded to the report showing a shrinking a deficit with a press release, boasting that the new figure is proof that Republicans are right (about what was unclear).

As Collender put the reduction "was both too much and not enough."

Jonathan Cohn added last week that there were plenty of center-right Dems who balked at deficit spending, even to improve the economy, because they were afraid of a backlash: "Running higher deficits, they thought, would incur the wrath of voters and make re-election difficult. Well, now they've gotten their way. The deficit is coming down. Let's see how much the voters care come November."

—Steve Benen
------------------------------------------from mike kohr-------------------------------------------------------------
Using these mumbers I'm still at about a 10% reduction in yearly deficit from Bush to President Obama

[SidDithers]

24. K&R...nt

Sid

[Occam Bandage]

27. That's not wise in a recession. If we had more deficit spending, we might have more jobs. nt

[Number23]

28. That is HUGE. I'd love a link if possible.

[Shireling]

31. Its a shame that the President's good deeds

go unpublished by the press, unseen on TV, and undiscussed on the radio. It just shows you who rules this country.

Why doesn't he have more "State of the Union" addresses about these things? There must be a reason why he doesn't. What is it? :shrug:

[mikekohr]

32. This is the same pattern Wild Bill Took While Cleaning Up Another Republican Mess

President Clinton inherited a recession (far less severe), put America back to work and balanced 5 budgets. Give President Obama time. He has a far bigger pile of elephant shit to haul away.

http://bureaucountydems.blogspot.com/p/national-debt.html

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[RepublicanElephant]

37. links

October deficit down 20 percent from last year
http://thehill.com/blogs/on-the-money/budget/128647-october-deficit-third-highest-for-the-month

Budget year begins with $140.4B October deficit
http://www.google.com/hostednews/ap/article/ALeqM5jJosBCQpO0SFUKIgnKpDCX_wgCGA?docId=8814944ab20d4ad09b6b34caf275b0d0

[mix]

39. great, our schools and infrastructure are falling apart and the MIC is booming.

But let's balance that budget so the rich get theirs and the rest of the country declines.

[Honeycombe8]

40. Okay....THEY NEED TO GET ON TV ALL OVER THE PLACE & ADVERTISE THAT!

The Dems are TERRIBLE at not advertising all the great things they've done these past two years.

If they have lowered the deficit, let's hear some BUGLES BLOWING! Some patting on backs! Get the dogs out, all over the cable shows, and shout it from the rooftops!