Comments on: Update on the Federal Deficit http://www.taxgirl.com/update-on-the-federal-deficit/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Congratulations! YOU saved Fannie Mae/Freddie Mac! http://www.taxgirl.com/update-on-the-federal-deficit/comment-page-1/#comment-4233 Congratulations! YOU saved Fannie Mae/Freddie Mac! Tue, 09 Sep 2008 15:56:53 +0000 http://www.taxgirl.com/update-on-the-federal-deficit/#comment-4233 [...] Budget Office reported that the budget deficit will jump by $246 billion to $407 billion (actually a little bit less than predicted). Last year, the budget deficit was $161 [...] [...] Budget Office reported that the budget deficit will jump by $246 billion to $407 billion (actually a little bit less than predicted). Last year, the budget deficit was $161 [...]

]]> By: Iraq’s Oil Surplus Outpaces US Investment Dollars http://www.taxgirl.com/update-on-the-federal-deficit/comment-page-1/#comment-4231 Iraq’s Oil Surplus Outpaces US Investment Dollars Wed, 06 Aug 2008 12:03:49 +0000 http://www.taxgirl.com/update-on-the-federal-deficit/#comment-4231 [...] turns out that while the US has been facing record budget deficits, Iraq has been doing pretty well. US auditors have predicted a budget surplus of $80 billion in [...] [...] turns out that while the US has been facing record budget deficits, Iraq has been doing pretty well. US auditors have predicted a budget surplus of $80 billion in [...]

]]> By: Urbie http://www.taxgirl.com/update-on-the-federal-deficit/comment-page-1/#comment-4232 Urbie Mon, 04 Aug 2008 15:04:22 +0000 http://www.taxgirl.com/update-on-the-federal-deficit/#comment-4232 Kelly, Since GWB became essentially a non-entity (roughly as of the 2006 election, when his own party deserted him like rats off a sinking ship), it's been a non-stop feeding frenzy on the part of BOTH parties in Congress. Neither party has shown any fiscal responsibility whatsoever -- for practical purposes, there's no one in the White House, so it's all about bringing home the bacon/pork/fat/whatever. One hopes that, just as only a Republican could go to China, only a Democrat can balance the budget. That proved to be the case with Clinton, and as this election is Obama's, provided he doesn't blow it or get Swift-Boated, we may see a return to lower deficits. Frankly, though, I doubt it -- I think the best combination, for deficit reduction, was a Democrat in the White House with Republicans controlling Congress. And that's out of the question, at least for this election cycle. Kelly,

Since GWB became essentially a non-entity (roughly as of the 2006 election, when his own party deserted him like rats off a sinking ship), it’s been a non-stop feeding frenzy on the part of BOTH parties in Congress. Neither party has shown any fiscal responsibility whatsoever — for practical purposes, there’s no one in the White House, so it’s all about bringing home the bacon/pork/fat/whatever. One hopes that, just as only a Republican could go to China, only a Democrat can balance the budget. That proved to be the case with Clinton, and as this election is Obama’s, provided he doesn’t blow it or get Swift-Boated, we may see a return to lower deficits. Frankly, though, I doubt it — I think the best combination, for deficit reduction, was a Democrat in the White House with Republicans controlling Congress. And that’s out of the question, at least for this election cycle.

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