Posts Tagged ‘budget

11
Dec
14

On #CRomnibus and purity pouting

Well, a hint of the next 2 years has been washing over us.

The Continuing Resolution Omnibus, which will more or less keep government funded through September 2015 is slouching towards 1600 Pennsylvania Ave. And people are pissed.

It has giveaways to the banksters! It tries to gut Dodd-Frank! It cuts the EPA! It kills DC’s weed law!

Well, Charlies, what the fuck did you expect?

Continue reading ‘On #CRomnibus and purity pouting’

09
Nov
14

You Don’t Know What You’ve Got Until It’s Gone

Obama Facts

@RickStrandlof

16
Oct
14

The Deficit Is Falling? You Can Thank President Obama

Obama GOP

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Brett Logiurato: The Budget Deficit Just Fell To Its Lowest Level Under Obama

The US budget deficit fell to about $483 billion in fiscal year 2014, almost a $200 billion drop from the previous year and the lowest level of President Barack Obama’s six years in office. The US Treasury Department released the official figures on Wednesday, generally confirming figures released by the nonpartisan Congressional Budget Office last week. It’s the smallest deficit recorded since 2008.

FY2014 was the fifth consecutive year the deficit declined as a percentage of GDP. It is now an estimated 2.8% of GDP, a percentage that puts it below the average of the past 40 years. The Treasury’s figures chalked up the shrinking deficit to increased revenues from taxes and slowed growth in government spending. “It’s really a rise in revenues because of economic growth, because of the policies the president pursued, that we’ve made progress on the deficit,” said Shaun Donovan, the director of the Office of Management and Budget.

More here

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