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To: kevao

I still can’t figure out why the annual deficits are FOUR times what they were just three years ago. Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.


33 posted on 07/26/2011 1:43:03 PM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: Deo volente

I’m standing in that same line. I’m really wondering how the hell we got here so fast, especially when our projected revenue levels for this year will about equal 2006.


42 posted on 07/26/2011 2:07:36 PM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: Deo volente
Three simple letters: “B.H.O.
44 posted on 07/26/2011 2:14:55 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: Deo volente
Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.

I can do that in nine letters, or possibly five.

45 posted on 07/26/2011 2:17:55 PM PDT by OrangeHoof (Obama: The Dr. Kevorkian of the American economy.)
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To: Deo volente

“I still can’t figure out why the annual deficits are FOUR times what they were just three years ago. Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.”

3 words: Obama, pelosi, reid.

we increased spending from $2.6 trillion to $3.7 trillion in 3 years.


55 posted on 07/26/2011 3:12:05 PM PDT by WOSG (Cut the spending!)
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To: Deo volente

Some of it is due to the safety net, but obviously that isn’t all of it. Obama and the Dems just increased spending willy nilly, it appears.


68 posted on 07/26/2011 3:55:39 PM PDT by PghBaldy (War Powers Res: http://avalon.law.yale.edu/20th_century/warpower.asp)
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To: Deo volente

From 2008 to 2010, the tanking economy cost us about $490B in revenue. Legislative changes (tax cuts and spending) cost us about $509B.


75 posted on 07/26/2011 4:40:44 PM PDT by MontaniSemperLiberi (Moutaineers are Always Free)
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To: Deo volente
I still can’t figure out why the annual deficits are FOUR times what they were just three years ago. Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.

(Vanity) On Beyond Zillion, by Dr. Sue-us (with a nod to Fredrich Hayek)

Cheers!

83 posted on 07/26/2011 5:04:05 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Deo volente
I still can’t figure out why the annual deficits are FOUR times what they were just three years ago. Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.

Nobody in the MSM™ will ask the question, let alone find out the answer. Face it FedGov™ has learned how to hide data just like FedRes™ has been doing for 100 years.

95 posted on 07/26/2011 5:37:31 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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