10 Most Insane Fear-Mongering GOP Lies

[PayDay]

http://www.treasurydirect.gov/NP/debt/current

Total debt outstanding:
$17,914,425,526,718.05

 

[Sean Renaud]

Not interested at all in the debt right now. I want to know where the deficit is over one trillion dollars.

 

[PayDay]

Not interested at all in the debt right now. I want to know where the deficit is over one trillion dollars.

..I already did.

The debt number is what you need to accurately calculate the deficit. Do the math.

Debt - revinue = outstanding deficit ( roughly )

Also take into account that the government is running on temporary budgets since 2012, which aren't counted into deficit since they don't rely on fiscal years. (hence: Temporarily funding the gov until january blah blah)

The FeD is currently running a shell game and claiming that the deficit is down while spending is higher than tax revenue, which is why the Sequester happened ( and technically still is ).

 

[Sean Renaud]

No, debt-revenue does not equal deficit. That's not how it works.

 

[PayDay]

Not interested at all in the debt right now. I want to know where the deficit is over one trillion dollars.

Actual deficit vs. reported deficit:
http://www.cbo.gov/publication/44172

For the 2014–2023 period, deficits in CBO’s baseline projections total $6.3 trillion. With such deficits, federal debt held by the public is projected to remain above 70 percent of GDP—far higher than the 39 percent average seen over the past four decades. (As recently as the end of 2007, federal debt equaled 36 percent of GDP.) Under current law, the debt is projected to decline from about 76 percent of GDP in 2014 to slightly below 71 percent in 2018 but then to start rising again; by 2023, if current laws remain in place, debt will equal 74 percent of GDP and continue to be on an upward path (

Such high and rising debt later in the coming decade would have serious negative consequences: When interest rates return to higher (more typical) levels, federal spending on interest payments would increase substantially. Moreover, because federal borrowing reduces national saving, over time the capital stock would be smaller and total wages would be lower than they would be if the debt was reduced. In addition, lawmakers would have less flexibility than they would have if debt levels were lower to use tax and spending policy to respond to unexpected challenges. Finally, a large debt increases the risk of a fiscal crisis, during which investors would lose so much confidence in the government’s ability to manage its budget that the government would be unable to borrow at affordable rates.
...
CBO’s estimate of the deficit for this year is about $200 billion below the estimate that it produced in February 2013, mostly as a result of higher-than-expected revenues and an increase in payments to the Treasury by Fannie Mae and Freddie Mac. For the 2014–2023 period, CBO now projects a cumulative deficit that is $618 billion less than it projected in February. That reduction results mostly from lower projections of spending for Social Security, Medicare, Medicaid, and interest on the public debt.

 

[Sean Renaud]

Still not seeing that magic number. Probably because your full of it and hoping I'll get bored and go away. Show me where the deficit is at something north of one Trillion.

 

[PayDay]

No, debt-revenue does not equal deficit. That's not how it works.

It does if you want reality.

 

[Sean Renaud]

It does if you want reality.

No, it does if you live in a world with alternate definitions for things.

 

[PayDay]

Still not seeing that magic number. Probably because your full of it and hoping I'll get bored and go away. Show me where the deficit is at something north of one Trillion.

I posted more than enough for you to calculate it realistically.

The FeD says it's at 500 billion, add the amounts subtracted for payments and interest, take into account the money printed and foreign loans to balance fiscal year spending, and finacial adjustments from foreign creditors to keep the FeD running. Then add the money frozen during the sequester.

=actual deficit. That number should scare you. The actual deficit for this year was in the trillions until the FeD adjusted the markets to compensate, which is why creditor stocks boomed.

This is not rocket science. Saying the deficit is under 500 billion is like Hitler claiming to be the Pope.

 

[Sean Renaud]

I didn't say under 500 billion. I said south of one trillion because I'm too lazy to look up the exact number it was at (Which was closer to 1.5 Trillion but still) So add these numbers up, tell me when we're north of one Trillion. Cus the links I've seen from you say it's between 85 and 200 billion dollars higher thanis reported. That's still lower than when he stepped into office.

 

[RobDownSouth]

PayDay is squealin' "MayDay!", but there's no #BroCavalry in sight.

Teh Deficit Is Going UP!
Obamacare is Failing!
We have ALWAYS been at war with Eastasia!
- Teh Wingnut Creed

 

[PayDay]

ROFL@MayDay. Reality exists.

This year's deficit numbers takes this into account:
"Governments can lower their foreign debts by rescheduling their obligations"

When China backed fiscal year 2014 to prevent a shutdown, the numbers 'changed' to look lower.

Get good. Deficit is a shell game. It's the functioning number the FeD uses to show how it does business.

Debt is all that matters.

 

[DooleyDarter]

PayDay is squealin' "MayDay!", but there's no #BroCavalry in sight.

Teh Deficit Is Going UP!
Obamacare is Failing!
We have ALWAYS been at war with Eastasia!
- Teh Wingnut Creed

What they hell happened to your dawgs,, they took some gator dick up the ole hershey hiway

 

[Sean Renaud]

But he's unnaffiliated with a party. Like all Republicans.

 

[PayDay]

I didn't say under 500 billion. I said south of one trillion because I'm too lazy to look up the exact number it was at (Which was closer to 1.5 Trillion but still) So add these numbers up, tell me when we're north of one Trillion. Cus the links I've seen from you say it's between 85 and 200 billion dollars higher thanis reported. That's still lower than when he stepped into office.

No. It's lower this year. It's gone up every year until 2013 when the Gov hit sequester.

That's called 'coincidental'

 

[RobDownSouth]

What they hell happened to your dawgs,, they took some gator dick up the ole hershey hiway

I'm not a US Marine veteran, so I offer no excuses or rationalizations for my team's awful performance. They simply got their asses kicked.

 

[PayDay]

But he's unnaffiliated with a party. Like all Republicans.

I'm a registered Indy. I vote for a few local Dems, some Indys, and Reps.

Act like you can lump everyone together somemore.

 

[Sean Renaud]

No. It's lower this year. It's gone up every year until 2013 when the Gov hit sequester.

That's called 'coincidental'

It went up every year until 2013? That's simply not true.

2002 $157.8 Billion Deficit $207.63 Billion Deficit
2003 $377.6 Billion Deficit $485.97 Billion Deficit
2004 $413 Billion Deficit $517.54 Billion Deficit
2005 $318 Billion Deficit $385.45 Billion Deficit
2006 $248 Billion Deficit $291.42 Billion Deficit
2007 $161 Billion Deficit $183.79 Billion Deficit
2008 $459 Billion Deficit $504.95 Billion Deficit
2009 $1413 Billion Deficit $1559.6 Billion Deficit
2010 $1294 Billion Deficit $1404.99 Billion Deficit
2011 $1299 Billion Deficit $1367.37 Billion Deficit
2012 $1100 Billion Deficit $1134.02 Billion Deficit
2013 $680 Billion Deficit $691.06 Billion Deficit
2014 $492 Billion Deficit $492 Billion Deficit

In fact it has gone down every year under Obama.

I'm a registered Indy. I vote for a few local Dems, some Indys, and Reps.

Act like you can lump everyone together somemore.

I'm not lumping people, I'm calling you out on your BS. There is a difference.

 

[PayDay]

It went up every year until 2013? That's simply not true.

2002 $157.8 Billion Deficit $207.63 Billion Deficit
2003 $377.6 Billion Deficit $485.97 Billion Deficit
2004 $413 Billion Deficit $517.54 Billion Deficit
2005 $318 Billion Deficit $385.45 Billion Deficit
2006 $248 Billion Deficit $291.42 Billion Deficit
2007 $161 Billion Deficit $183.79 Billion Deficit
2008 $459 Billion Deficit $504.95 Billion Deficit
2009 $1413 Billion Deficit $1559.6 Billion Deficit
2010 $1294 Billion Deficit $1404.99 Billion Deficit
2011 $1299 Billion Deficit $1367.37 Billion Deficit
2012 $1100 Billion Deficit $1134.02 Billion Deficit
2013 $680 Billion Deficit $691.06 Billion Deficit
2014 $492 Billion Deficit $492 Billion Deficit

In fact it has gone down every year under Obama.



I'm not lumping people, I'm calling you out on your BS. There is a difference.

So you throw the deficit numbers at me when it's easily proven that they are only fictional numbers.

Riddle me this, Batman:
How can the deficit numbers decrease while the total debt increases?

 

[PayDay]

So you throw the deficit numbers at me when it's easily proven that they are only fictional numbers.

Riddle me this, Batman:
How can the deficit numbers decrease while the total debt increases?

Because this didn't happen until your precious BO took office.

 

[Sean Renaud]

So you throw the deficit numbers at me when it's easily proven that they are only fictional numbers.

Riddle me this, Batman:
How can the deficit numbers decrease while the total debt increases?

There is no reason to believe they are fictional an dif they are there is no way for us to know the truth and should stop worrying about it.

How can the deficit decrease while the total debt increases? Very simple. ANY DEFICIT OF ANY SIZE INCREASES THE DEBT.

 

[PayDay]

There is no reason to believe they are fictional an dif they are there is no way for us to know the truth and should stop worrying about it.

How can the deficit decrease while the total debt increases? Very simple. ANY DEFICIT OF ANY SIZE INCREASES THE DEBT.

You can know the truth. Just do the math. The dems have had congress since 2004, just do the math. The true number is easy to find. Take the number reported and add the 'adjustments' back into it.
You cannot rely on disinformation:

http://www.zerohedge.com/news/disinformation-how-it-works

 

[Sean Renaud]

There is no way to do the math if the numbers we've been given are false.

 

[PayDay]

There is no way to do the math if the numbers we've been given are false.

You don't have to agree with me but it's obvious you are not listening.

The reported number is false because it has been adjusted. Add the adjustments back into it and there is the actual deficit number.

It's not rocket science. The deficit is like a credit card balance used as cash.

 

[Sean Renaud]

Listening to you would make me a fool when your obviously either lying or terribly deluded. Even if your claim was correct and for whatever dumb ass reason the people who are lying about what the deficits are left the data intact so we could cess it out the number they've been lying about is part of your claim. 5+X>3+X

So the deficit is STILL lower than when he stepped into office.