The Federal deficit SHRUNK in 2012

[240 is Back]

The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury Department
 
The September 2012 numbers show an increase in receipts of about $23 billion, or 9% higher than the same period a year ago and a decrease of $115 billion in spending.

[Soul Crusher]

Yeah - that like your wife blowing out a 50k credit card and next year her bragging that she only blew a new 45k credit card and that you should be happy she didnt blow another 50k card. 

Swing and a miss, 

[240 is Back]

Yeah - that like your wife blowing out a 50k credit card and next year her bragging that she only blew a new 45k credit card and that you should be happy she didnt blow another 50k card. 

Swing and a miss, 

[Soul Crusher]

And?   WTF does that mess of a chart mean?

[syntaxmachine]

1. The OP indicates that the CBO estimates a ~$1.1 trillion deficit, while the chart you posted a bit later indicates a $1.327 trillion deficit.

2. Another factor that needs to be considered in any talk on deficits is the real rate of return of the bonds the government is issuing (treasury rates less inflation). For months, the real rate of return has been negative -- apparently investors think losing a little bit in a predictable fashion is the safest move -- and thus several hundred billion dollars in the "deficit" this year actually represent free money for the Government. Deficit numbers won't capture this fact; fiscally 2012 is thus better for the USG than the surface numbers let on.

[Necrosis]

And?   WTF does that mess of a chart mean?

Um it means despite the worst congress in history who care more about beating obama then helping america he is in fact improving the economy. You see bush started on a path of absurd spending, terrible policies which tanked the nation.

[Soul Crusher]

Um it means despite the worst congress in history who care more about beating obama then helping america he is in fact improving the economy. You see bush started on a path of absurd spending, terrible policies which tanked the nation.

LOL!!!!!   So who was the congress from 2007 - 2010 you stupid fuck? 

[Necrosis]

LOL!!!!!   So who was the congress from 2007 - 2010 you stupid fuck? 

it doesn't matter with you, you will blame obama for shit now and ignore congress and vice versa when it suits your outlook. You cannot be argued with you have your mind made up.

[Soul Crusher]

it doesn't matter with you, you will blame obama for shit now and ignore congress and vice versa when it suits your outlook. You cannot be argued with you have your mind made up.

STFU you incompetent fool.  The wheels fell off the wagon in this nation when those two corrupt thugs Ratlosi and Dingy Harry took over the congress and senate and bush nailed it in.

That ghetto poverty pimp and race hustler Obama was part of that remember?   

[Soul Crusher]

it doesn't matter with you, you will blame obama for shit now and ignore congress and vice versa when it suits your outlook. You cannot be argued with you have your mind made up.

[whork]

STFU you incompetent fool.  The wheels fell off the wagon in this nation when those two corrupt thugs Ratlosi and Dingy Harry took over the congress and senate and bush nailed it in.

That ghetto poverty pimp and race hustler Obama was part of that remember?   

So i guess its the GOP congress we can blame for our current economy, right?

[Kazan]

So i guess its the GOP congress we can blame for our current economy, right?

I guess it depends on how you look at it. There is a stalemate in DC, so deficit comes down a little, well because nothing is getting passed or money spent. Is it a good or bad thing, depends on which prism you view it from

[whork]

I guess it depends on how you look at it. There is a stalemate in DC, so deficit comes down a little, well because nothing is getting passed or money spent. Is it a good or bad thing, depends on which prism you view it from

So its pretty clear that the repub wins congress so we need a dem president otherwise it will all turn to shit again, no?

[Kazan]

So its pretty clear that the repub wins congress so we need a dem president otherwise it will all turn to shit again, no?

Never advocated for one party rule, it always ends up bad.

[mogulgangi]

The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury Department
 
The September 2012 numbers show an increase in receipts of about $23 billion, or 9% higher than the same period a year ago and a decrease of $115 billion in spending.

Good job there 240..your report forgot to add the 20 billion dollar purchases every month of mortgage backed securities by the Federal reserve indefinitely..

[whork]

Never advocated for one party rule, it always ends up bad.

Doesnt that mean you actually want Obama in office as strange as it sounds?

[Kazan]

Doesnt that mean you actually want Obama in office as strange as it sounds?

 I will vote Gary Johnson and have a clear conscience whoever wins

[whork]

I will vote Gary Johnson and have a clear conscience whoever wins

Sounds like a plan.

Sure beats the 2 other options we got

[James]

The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury Department
 
The September 2012 numbers show an increase in receipts of about $23 billion, or 9% higher than the same period a year ago and a decrease of $115 billion in spending.

240, do you understand the difference in the deficit and our debt? 

Also remember that Obama has had a Republican controlled House for a while now that was voted in to put a stop to the crazy spending.