quote:
If you were $20,000 in debt. And in stead of spending $4000 last month, you spent $3500, would you be happy?

You are still adding to the DEBT. $17 trillion and counting. Why don't Liberals talk about the debt?

I'll start patting your slave master on the back whenever there is no budget deficit. By the way, do you know what DEFICIT means?

An excess of expenditure or liabilities over income or assets in a given period

So you're totally unable to realize that if this trend continues, we will be able to start paying down the debt?

ETA:

If I spent $4,000 three months ago, then $3,500 the next month, then $3,000 last month and $2,500 this month, it would be a clear sign of a trend toward balancing my monthly budget. I'd still be adding debt, sure, but that's almost irrelevant at this stage. You have to overcome the deficit before you can overcome the debt.

And we are.

This post was edited on 11/14/14 at 10:23 am

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Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 11/14/14 at 10:23 am to FT

quote:
if this trend continues

It won't, by design.

The deal has been for years that the deficit will shrink up until 2015, and then return to growing more quickly than GDP. None of this is a surprise, and even if it had been, the long-term outlook shows that there's nothing to celebrate.

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Posted by BugAC

St. George

Member since Oct 2007

52910 posts

Posted on 11/14/14 at 10:23 am to FT

quote:
So you're totally unable to realize that if this trend continues, we will be able to start paying down the debt?

Really? Give me a date when we will be deficit neutral and we can start paying down the debt.

So according to the CBO, we are still showing signs of increasing debt and deficit way past 10 years from now.

I ask again, when will Liberals talk about the debt?

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Posted by Hawkeye95

Member since Dec 2013

20293 posts

Posted on 11/14/14 at 10:24 am to FT

quote:
So you're totally unable to realize that if this trend continues, we will be able to start paying down the debt?

Its a loser issues for republicans which is why they don't talk about it.

They have changed the frame of reference to talk about national debt vs. deficit (see this thread, or really any zach post about the economy).

If they talked about the deficit, they would have to give props to obama. They would rather eat dead babies than give obama any sort of credit.

Its all about politics, not what is right for our country.

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Posted by TK421

Baton Rouge

Member since Oct 2011

10411 posts

Posted on 11/14/14 at 10:27 am to FT

quote:
So you're totally unable to realize that if this trend continues, we will be able to start paying down the debt?

Honestly, this isn't possible without a nearly catastrophic reduction in spending on the poor or an economic atom bomb in the way of tax hikes. The deficit is just too large now. Thanks Obama.

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Posted by Holden Caulfield

Hanging with J.D.

Member since May 2008

8308 posts

Posted on 11/14/14 at 10:37 am to FT

quote:
You have to overcome the deficit before you can overcome the debt.

Are you projecting a surplus anytime soon?

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Posted by bhtigerfan

Baton Rouge

Member since Sep 2008

29678 posts

Posted on 11/14/14 at 11:04 am to FT

quote:
If I spent $4,000 three months ago, then $3,500 the next month, then $3,000 last month and $2,500 this month, it would be a clear sign of a trend toward balancing my monthly budget. I'd still be adding debt, sure, but that's almost irrelevant at this stage. You have to overcome the deficit before you can overcome the debt.

And we are.

Are you delusional, stupid, or both. I'll go with both.