I have noticed that the Righties that follow my blog, and there are a good many, seldom comment on any post that is not the talking point du jour for the Right, which is sad because, believe it or not, I would enjoy an exchange of ideas with them…….so far the only exchanges I get are the talking points I could get from FUX or Drudge……
The Clowns I am referring to this time is not the politicians we elect….no this time it is the overpaid news anchors that pretend that they are all about the news…..a bigger LIE has never been told…..
Recently, the CBO issued a report that was almost totally ignored ny the cracker jack news channels we are all exposed to daily…….the Hill was the first report that I saw on the subject……
The nonpartisan Congressional Budget Office (CBO) on Tuesday said the federal budget deficit this year will shrink to $642 billion — the smallest since before President Obama took office and more than $200 billion less than the agency projected in February.
The deficit in fiscal 2012, which ended Sept. 30, was $1.1 trillion, the fourth time it was above $1 trillion under Obama’s administration.
The improvement from a $845 billion deficit this year is due to higher tax revenue than expected and payments from government-backed mortgage giants Fannie Mae and Freddie Mac, the CBO said.
The office said the revenue increases are temporary.
The CBO had assumed in February that Congress would allow $80 billion in funds to be sequestered from this year’s discretionary budget. The cuts went into effect March 1 as scheduled.
Over the next 10 years, the budget office predicts the government will add $6.3 trillion in new deficits. That is $618 billion less than was predicted in February, and the change is primarily due to lower healthcare and Social Security costs.
Another way it was reported…….
CBO: “The Budget Deficit Will Shrink This Year To $642 Billion.” According to the Congressional Budget Office’s most recent analysis, assuming current law remains unchanged, “the budget deficit will shrink this year to $642 billion … the smallest shortfall since 2008”:
If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, the Congressional Budget Office (CBO) estimates, the smallest shortfall since 2008. Relative to the size of the economy, the deficit this year–at 4.0 percent of gross domestic product (GDP)–will be less than half as large as the shortfall in 2009, which was 10.1 percent of GDP. Because revenues, under current law, are projected to rise more rapidly than spending in the next two years, deficits in CBO’s baseline projections continue to shrink, falling to 2.1 percent of GDP by 2015. [Congressional Budget Office, May 2013]
Okay we now have the report……does anyone see the several pieces of good news in the statement? Granted it is not excellent news but a far cry from the crap your local GOP dipsticks are telling you…..
Good News and the media ignored it to cover morons spouting lies and misinformation……and you wonder why nothing is getting done to make your life better…..the small amount of good news will not do much to help the ever vanishing middle class….but at least it was some good news on the deficit.
I ask again…….what did you see as the good news?