Friday, August 13, 2010

Deficit?.... What Deficit?

When thugs get attention, they often tend to make utter fools of themselves.

To support this claim, I enter into evidence this video of the AFL-CIO President doing just that:



No economist in the country would say we have a deficit problem?

I think Mr. Trumka is either lying or is not very well informed.

Take
this article from the WSJ as my evidence.

The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans.

Federal spending eclipsed revenue for the 22nd straight time, the Treasury Department said Wednesday. The $165.04 billion deficit, while a bit smaller than the $169.5 billion shortfall expected by economists polled by Dow Jones Newswires, was the second highest for the month on record. The highest was $180.68 billion in July 2009.


The Treasury Department says we have a multi-billion dollar deficit for one month, the WSJ reports it, and this Bozo says it's false. I guess the Treasury Department does not have any economists on staff.

Who knows? Based on what we know about the current Treasury Secretary, he may be right on that one.

14 comments:

Chuck said...

Yeah, he's an idiot.

What was interesting though is listening to him explaining why people think we have a deficit problem.

It's Obama's fault for not spinning it properly and it's the media's fault for not backing them up strongly enough.

It of course has nothing to do with the fact that we are having a deficit problem.

What a great look into a liberal mind.

Greg said...

can't add anything to what chuck said. pretty funny video.....

Rocket said...

People used to go ballistic when the deficit was 100 billion per year! and now it's all this.

Mustang said...

Interesting. I didn't know the media was helping the GOP spin misinformation about the deficit. Damn media.

Chuck, where do you come up with the idea we're having deficit problems? Come on ...

I do wonder what doors he's been knocking on, though. They must be the Southside of Chicago.

Chuck said...

Mustang, too much time on far right blogs I guess?

Catherine Barry said...

Remember Parson's College in Ohio??? During the 1960's it was the learning institution of choice for those draft dodgers who graduated below the lower 20% of their class and couldn't get in any other college!!! Many a 2 digit IQ muddled their way through years of Parson's to earn a worthless degree or not in order to be exempt from the draft.

I strongly suspect this man is cut from that kind of cloth, and most assuredly has a 2 digit IQ!!! And think about this... It's the Gubermint... why would they hire economists to work in the treasury department when we have a President who hasn't so much as run a koolaid stand???

Catherine Barry said...

oh... and for that matter... Unions don't hire economic professionals... they hire thugs.

A.C. McCloud said...

The mendacity continues to be amazing. He's like a male version of Pelosi. We are in big trouble when goons like this guy are in positions of power during turbulent times.

And Rocket's right--somehow Bush had a big deficit problem around 2006. Amazing how it went away by tripling our spending.

LASunsett said...

//What a great look into a liberal mind.//

It's Bozos like him who are comparable to the Bolsheviks of the Russian Revolution. If he were allowed the freedom to do what he wanted, he would most likely murder those who disagreed with him.

LASunsett said...

//pretty funny video.....//

I guess I could have called it Friday Funnies.

No?

LASunsett said...

//People used to go ballistic when the deficit was 100 billion per year!//

Inflation.

LASunsett said...

//I didn't know the media was helping the GOP spin misinformation about the deficit. Damn media.//

I didn't know the Treasury Department was in cahoots with the GOP either.

LASunsett said...

//Remember Parson's College in Ohio??? During the 1960's it was the learning institution of choice for those draft dodgers who graduated below the lower 20% of their class and couldn't get in any other college!!!//

Welcome Catherine.

I don't remember Parsons, but I would be interested to learn what famous grads they have.

Thanks for sharing this.

LASunsett said...

//somehow Bush had a big deficit problem around 2006. Amazing how it went away by tripling our spending.//

And we wonder how so many people got into such debt to include their mortgages. Here we are well over a year after the initial Freddie and Fannie mess surfaced and foreclosures are still in the news. Guess these people are taking their lessons from the government.