For the first time in five years, the U.S. government has run a budget deficit below $1 trillion.
The government says the deficit for the 2013 budget year totaled $680.3 billion, down from $1.09 trillion in 2012. That's the smallest imbalance since 2008, when the government ran a $458.6 billion deficit.
The deficit is the gap between the government's tax revenue and its spending. It narrowed for the budget year that ended on Sept. 30 because revenue rose while spending fell.
Revenue jumped 13.3 percent to $2.77 trillion, reflecting a slightly better economy and higher tax rates. And government spending declined 2.4 percent to $3.45 trillion, in part because of across-the-board spending cuts that took effect in March.
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In New Phily on 11/17 at the Holiday Inn...you and M. Want to join us for supper, Bob. I promise, no politics.
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"Just thought you should know the facts." Great day today just going to do nothing.
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Business World Oct.29
Democrats at least are consistent. Back in 1993, during the fight over HillaryCare, Mrs. Clinton explained Democratic reasoning to then-House GOP Leader Denny Hastert. If Americans are allowed too much discretion over how they spend their health-care dollars, Mrs. Clinton said, "We just think people will be too focused on saving money and they won't get the care for their children and themselves that they need . . .
"The money has to go to the federal government because the federal government will spend that money better."
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" The Affordable Care Act known as Obamacare "defies the whole concept" of its intended purpose to make health insurance more affordable for more people, billionaire entrepreneur Ken Langone told CNBC on Wednesday.
"Insurance is a fairly simple," Langone said in a "Squawk Box" interview. "It's spreading risk. It's sharing risk."
"You're not going to bring 35 million more people into the pool for care and say, 'We're going to do it cheaper,'" he argued."
Ok, let's discuss the nothing comment...Is anyone be it democrat, liberal, conservative or republican and our course independents happy with Washington, especially congress...no. Are they doing nothing...no.
The senate has done less than any since the mid 1900s unless you say no to debating laws coming from the house. The house has passed thousands of laws. Are these laws that you agree with...I don't know. I would guess you would not like anything from republicans no matter how good or bad but I'm not certain. However, they were written and approved, many by both parties.
Therefore...to say they are doing nothing in the house is not backed up by fact but seems somewhat so in the senate. Just thought you should know the facts.
Sounds like the vote on guns. They do what the money men tell them to do. Now they are doing what they do best NOTHING!
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"There was not a single Republican vote for Obamacare. Not in the House of Representatives. Not in the United States Senate." There was however a very brave congressman for this district who put the needs of the people ahead of petty politics. His name was Charlie Wilson and he voted for the Affordable Care Act.
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Is it that they can't tell the truth?
Democrats knew all along that some patients would lose their health insurance plans under the new law, Rep. Steny Hoyer (D-Md.) acknowledged on Tuesday. Although Obama had vowed repeatedly that, under his signature healthcare initiative, those who like their plans could keep them.
Hoyer, the House minority whip, said Democrats were aware that such a shift was coming. "We knew that there would be some policies that would not qualify, & therefore people would be required to get more expensive coverage," Hoyer said during a press briefing in the Capitol.
The promise (lie) that patients could retain their current coverage was designed, Hoyer said, "to allay the fears of somebody that had insurance."
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October 29, 2013
Voters are evenly divided when asked whether they agree more politically with President Obama or with the average member of the Tea Party. But an enormous partisan gap colors virtually all opinions of the Tea Party.
A new Rasmussen Reports national telephone survey finds that 42% of Likely U.S. Voters think the president’s views are closest to their own when it comes to the major issues facing the country. But just as many (42%) say their views come closest to those of the average Tea Party member instead. Sixteen percent (16%) are not sure.
And, a little history...
Remember back when Obamacare was getting off the ground in the House and the Senate in 2009-10? Recall how the voting went?
There was not a single Republican vote for Obamacare. Not in the House of Representatives. Not in the United States Senate.
And, 13 Democrats joined them in voting against the law.
Were they just really "bad" people or representing those who elected them?
So, who's telling the truth?
The health law requires the trustees to assume a steady decline in hospital reimbursement rates for Medicare to about 39% of what private insurance would pay in 2086. And reimbursements for physicians serving Medicare patients “would eventually fall to 26% of private health insurance levels.” The chief actuary didn’t think many doctors would see Medicare patients if they were taking a 75% cut to do so—and he’s right. So keep a close eye on members of Congress as they get together soon to consider budget changes, including entitlement reform. Democrats have proven they are willing to cook the books to make it look like they are spending less—so they can spend much, much more.
Can you really trust a book cooker?
Lest we let liberals hide the facts...
According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trill., a $1.1 mill. liability for each U.S. taxpayer. The main driver of that astronomical number is two of our major programs: Social Security & Medicare. The Debt Clock says S.S. is looking at $16.6 trill. in unfunded liabilities, while Medicare faces $87.6 trillion. And Medicare’s drug benefit, which passed in '03, adds another $22 trillion. The Debt Clock’s Medicare unfunded liability is twice the current government projection of $43 trillion, b/c Democrats used Obamacare to deceive the public. Prior to passage the everyone’s estimate was similar to the Debt Clock’s. That diff. is because Obamacare requires Medicare trustees to assume that Medicare significantly cuts payments to doctors & hospitals in the future.
The shutdown was a great idea. I hope they are stupid enough to do it again in January. It cost tax payers 24 Billion dollars but if the Democrats win back the house in 2014 it will be well worth it. The only thing that might be even better is if they are crazy enough to run the Canadian Senator Ted Cruz for president in 2014. Go Go Tea Party! :)
There is a poll out now wherein 42% identify with the Tea Party and other fiscal conservatives. To allow the left-stream media to partake in the obama administration's bashing of fiscal conservatives is reprehensible.
The obama regime knows no bounds when it comes to trashing its political opponents. What a disgusting group of traitors.
"Haven't seen once where you had something good to say about a conservative." First something good must be done.
Good morning jerky boy! Give it up.
"I really don't look at dems or reps as right or wrong. "
FALSE. Haven't seen once where you had something good to say about a conservative. Plenty of support for the Comrade, though.
So, what is a political lie?
MSNBC contributor and Chicago Tribune columnist Clarence Page joined conservative radio host Hugh Hewitt on Monday and admitted that when President Obama said Americans would be able to keep their plans if they like them, he was fully aware he was lying and exaggerating about it.
Page told Hewitt that Obama knew “there was no guarantee everybody was going to keep their insurance because people couldn’t keep their insurance under the old system.”
Hewitt asked, “He knew he was lying?”
Page replied, “Probably, but that’s one of those political lies, you know.”
FARGO – The Obama administration asked North Dakota’s largest health insurer not to publicize how many people have signed up for health insurance through a new online exchange, a company official says.
Still, a spokeswoman from Blue Cross Blue Shield says about 14 North Dakotans have signed up for coverage since the federal exchange went live Oct. 1. That brings total statewide enrollment to 20 – less than one a day.
At that rate they will be at less than 200 by the end of the extension...and thousands are losing their insurance. Maybe the GOP had a point?
Well that's a different question entirely. Getting one done by anyone in the first place will be a battle but I'd just like to see it done by anyone. To be honest, I'm not certain how much I would trust the info that came out in the first place. I think symbolically it's a good step in the people and their reps taking the power back from the machine. I want to know if it's even possible, because I don't know anyone who opposes the idea. One of the very few and maybe the only things that I think you can get close to every one to agree on, and if we can all agree but can't make that happen it could just continue to open some eyes at the very least.
Who would do the audit?
Can we stop bickering like a bunch of ignorant children for a second and find something that we can come together on? Isn't that the REAL way forward? I'm not talking about bipartisan bills. I'm talking about battling progressivism. Most liberals I know are not progressive. Most of them bought the DNC Obama koolaid and some of them still do. But a lot of them are really getting a bad taste in their mouth from progressivism. A lot of GOPers are quickly realizing their party leadership is also progressive.
So how about we start small. Rand Paul has proposed a Constitutional amendment, and he says he may filibuster the Yellen nomination and ask that the Fed be audited before she gets nominated. Is anyone against that? The meme going around online makes a very good point. Walmart register drawers are audited multiples times a day. The Fed is never audited. Why? Can we at least come together on this?
I really don't look at dems or reps as right or wrong.
It must be*****being you in your little world.
Great day to work outside.
"And the lost the fight. "
Of course they did, beaumont. The Democrats were on the wrong side morally, as usual.
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