Drudge Retort: The Other Side of the News
Monday, June 09, 2014

The federal budget deficit for fiscal 2014 reached $439 billion by the end of May, the nonpartisan Congressional Budget Office reported Friday. The eight-month total is $188 billion less and is the smallest since President Barack Obama took office. Revenue for the period was $1.9 trillion and the government spent $2.4 trillion, the CBO estimated. Most of the change from last year was due to revenue, which grew by 7 percent. Spending fell by 2 percent. Revenue is increasing as the amount paid in salary and wages increases along with job growth, and because of the expiration of tax breaks such as the 2 percent payroll tax break that ended in December 2012. The last months of calendar year 2012 are in fiscal 2013.

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The largest "spending cuts" reported in the period were actually increased payments from troubled mortgage giants Fannie Mae and Freddie Mac, which have become profitable again. Fannie and Freddie contributed $42 billion more so far this fiscal year.

Defense spending was down $25 billion and spending on disasters and unemployment benefits also fell.

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Obama's Fault.

#1 | Posted by Corky at 2014-06-09 11:24 AM | Reply | Flag:

Great.
What's the national debt again?
17 Trillion and climbing....

#2 | Posted by homerj at 2014-06-09 07:10 PM | Reply | Flag:

I feel just as good as when my husband tells me he only went into debt $500 this month on credit cards rather than $1200. The debt he racked up will never be paid, but this month at least, he dug the hole with less gusto.

#3 | Posted by sames1 at 2014-06-09 07:47 PM | Reply | Flag:

he dug the hole with less gusto.

So, your husband...never mind...I'll just get in trouble.

#4 | Posted by lee_the_agent at 2014-06-09 08:25 PM | Reply | Flag:

Somebody remind me of the last republican president to reduce the deficit...

#5 | Posted by SpeakSoftly at 2014-06-09 08:25 PM | Reply | Flag:

Eisenhower

www.forwardprogressives.com

#6 | Posted by lee_the_agent at 2014-06-09 08:31 PM | Reply | Flag:

Another headline that would have liberals screaming if it were a white Republican president.

This experiment has become very expensive.

#7 | Posted by WhiteDevil at 2014-06-09 08:34 PM | Reply | Flag:

According to Obama and the Rethugs Deficits are more important than Jobs or Tax Revenue. This causes theRethugs to immediately claim Obama is a Nazi that should be impeached.

#8 | Posted by nutcase at 2014-06-09 10:08 PM | Reply | Flag:

"According to Obama and the Rethugs Deficits are more important than Jobs or Tax Revenue."

Obama and the Democrats have tried in vain to pass quite a few different jobs bills. You conveniently always ignore that fact. I think you are one of those who believe the Presidency comes with a magic wand. I'm a little tired of folks like you. Place the blame where it belongs, on those who filibuster or otherwise obstruct bills designed to rebuild infrastructure, bring jobs back home, etc.

#9 | Posted by danni at 2014-06-09 10:19 PM | Reply | Flag:

Name a single jobs bill that Obama has put his political capital on the line and fought for. Obama avoids fighting like the plague. He has put more energy into two more free trade agreements, which transfers jobs overseas.

#10 | Posted by nutcase at 2014-06-09 10:30 PM | Reply | Flag:

"Obama proposes $302 billion transportation bill, to be funded partly by tax code reforms"

www.washingtonpost.com

And hey, let's not even talk about the high speed rail projects he proposed for Florida and other states which were rejected by right wing Legislatures. I can understand your frustration, I share it, but expecting the President to be able to deliver without a Congress (which Roosevelt did have) to back him up it is sort of ridiculous and unrealistic.

#11 | Posted by danni at 2014-06-09 11:20 PM | Reply | Flag:

"Somebody remind me of the last republican president to reduce the deficit..."
#5 | POSTED BY SPEAKSOFTLY AT 2014-06-09 08:25 PM | FLAG:

Ummmm, the last Republican president reduced deficit spending from '04-'07. A simple Google search reveals this. Makes me think you don't understand the difference between deficit and debt.

#12 | Posted by jwil72 at 2014-06-09 11:22 PM | Reply | Flag:

Makes me think you don't understand the difference between deficit and debt.

#12 | Posted by jwil72

Makes me think you don't count optional wars as spending.

#13 | Posted by SpeakSoftly at 2014-06-10 01:46 AM | Reply | Flag:

I can understand your frustration, I share it, but expecting the President to be able to deliver without a Congress (which Roosevelt did have) to back him up it is sort of ridiculous and unrealistic.

------

Meaning that you believe that fighting against power is not realistic. Some call that 'leadership'.

#14 | Posted by Shawn at 2014-06-10 02:13 AM | Reply | Flag:

***"Makes me think you don't count optional wars as spending.
#13 | POSTED BY SPEAKSOFTLY AT 2014-06-10 01:46 AM | FLAG: "***

Makes me know once again you don't have a clue about how spending works. You think that if its not in the "budget" it's not counted, right? You think funds appropriated in supplemental spending bills are like evil magic money that somehow isn't counted as spending. Let me help you out; whether it be by budget, omnibus, or supplemental spending bills, it all counts toward the deficit and of course the debt as well.

Now, do you still need a lesson on the difference between debt and deficit?

#15 | Posted by jwil72 at 2014-06-10 06:42 AM | Reply | Flag:

Danni,

Good point. I also understand that Obama made a decision a long time ago, in order to win elections, that he must never appear to be an angry black man. That would be his death nail.

But, like Clinton, Obama has accepted the Neo-Classical Economics taught in most Universities in this country. Like Clinton he has talked out of both ends at once, delivering speeches which cator to the poor and middle class while quietly stabbing unions, the poor and middle class in the back in meetings with criminal Bankers. It was revelations of what he told the Bankers "I am the only thing between you and the pitchforks", that triggered his unprecedented attack on whistleblowers, locking up more whistleblowers during the last six years than all other Presidents combined, while letting catastrophic Banking crimes go unpunished.

Rethugs are in many ways more honest, unless they're lying about Wussies. They openly exclusively support the ruling Oligarchy. Wussies do the same thing, while publicly pretending to do otherwise. Rethugs couldn't get the most damaging NAFTA legislation through Congress, so the Wussies did it for them.

Still given a choice between the two, when I have no other choice, I prefer the Wussies. Certainly Grayson and Warren are outstanding examples of Representatives trying to do the right thing in the face of powerful resistance. Independent Sanders is the best.

#16 | Posted by nutcase at 2014-06-10 08:03 AM | Reply | Flag:

"Meaning that you believe that fighting against power is not realistic. Some call that 'leadership'."

The President has been doing things without Congress to the extent that his powers allow. He stopped enforcing DOMA, he stopped deporting Dreamers, he ended DADT, many other things. He has done so much by use of his executive authority that the Republicans are talking impeachment.

#17 | Posted by danni at 2014-06-10 08:35 AM | Reply | Flag:

Revenue for the period was $1.9 trillion and the government spent $2.4 trillion, the CBO estimated.

You just gotta love that math. When will they ever get their act together? How can anyone think that is good?

#18 | Posted by Sniper at 2014-06-10 09:09 AM | Reply | Flag:

Somebody remind me of the last republican president to reduce the deficit...

#5 | Posted by SpeakSoftly

And the last dumocrat to reduce the national debt was......................... JFK.

#19 | Posted by Sniper at 2014-06-10 09:12 AM | Reply | Flag:

Obama and the Democrats have tried in vain to pass quite a few different jobs bills.

#9 | Posted by danni

And thoes same people pass more and mor restrictive laws on US business. How many people are going to loose their jobs over this NEW obummer order on coal mines and coal power plants? WTF is a jobs bill? Give me a break ddan.

#20 | Posted by Sniper at 2014-06-10 09:16 AM | Reply | Flag:

So sequestration is working? Nice job Republicans. Especially Ted Cruz.

#21 | Posted by Dalton at 2014-06-10 09:54 AM | Reply | Flag:

Snipe,

Cleaning up acid rain and our rivers and lakes, saving our forests from the devastating effects of acid rain did not destroy our economy or cost any more jobs than it created. What it did do was create a healthier environment for all of us to live in. The same holds for Obama's efforts to reduce CO2 emissions.

Infrastructure rebuilding programs are the correct path out of the current depression. It worked in the past and it could work again. But that policy doesn't sit well with the Oligarchy that rules Washington and is engaged in a destructive class war against the poor and middle class. Most Rethugs lie for money.

#22 | Posted by nutcase at 2014-06-10 10:28 AM | Reply | Flag: | Newsworthy 1

What's the national debt again? 17 Trillion and climbing....
#2 | Posted by homerj at 2014-06-09 07:10 PM

You just gotta love that math. How can anyone think that is good?
#18 | Posted by Sniper at 2014-06-10 09:09 AM

Nice job Republicans. Especially Ted Cruz.
#21 | Posted by Dalton at 2014-06-10 09:54 AM

So, let's see here. Conservatives on this site think that 1) it might be a start, but it's not enough and barely makes a dent so let's piss all over it 2) it's terrible and not good news at all and the CBO whose job it is do this this doesn't even know how to do it but random idiot bloggers know or 3) it is good news, but republican leaders are responsible for it.

Sounds like you all need to line up for your daily injection of spin so you can get your story straight.

#23 | Posted by deadseasquirrel at 2014-06-10 10:30 AM | Reply | Flag: | Newsworthy 1

Basically squirrel the principled republicans who forced sequestration to curb spending has shown leadership to reduce the nations debt. Obama has fought it at every turn claiming he wanted a deal only to play politics to avoid doing so. Once the republicans take the senate later this year hopefully we can really put the clamp on Obama's reckless spending.

#24 | Posted by Dalton at 2014-06-10 11:05 AM | Reply | Flag:

Yeah nutcase b/c we should just give Obama another trillion dollars for those shovel ready jobs? You know the one's he admitted weren't as shovel ready as he thought. I don't think so. He's already wasted that money and doesn't deserve another penny.

#25 | Posted by Dalton at 2014-06-10 11:06 AM | Reply | Flag:

Basically squirrel the principled republicans who forced sequestration to curb spending has shown leadership to reduce the nations debt. Obama has fought it at every turn claiming he wanted a deal only to play politics to avoid doing so. Once the republicans take the senate later this year hopefully we can really put the clamp on Obama's reckless spending.

#24 | Posted by Dalton

The only ones showing "leadership" are the billionaires who bribe and buy elected officials to balance the budget on the backs of the poor and middle class instead of on the backs of the people who have profited the most from our deficit spending.

It's evil leadership, but it's leadership.

We don't have reckless spending. We have recklessly low taxes on those who can afford it the most.

#26 | Posted by SpeakSoftly at 2014-06-10 11:29 AM | Reply | Flag:

"principled republicans"
#24 | Posted by Dalton at 2014-06-10 11:05 AM

Citation definitely mother-effing needed. Not that there's a flood of principled democrats either. Hell, there may be 2 or 3 principled policticians PERIOD. But they most certainly are NOT republicans. And your use of Cruz being one of them is quite telling about YOUR principles.

#27 | Posted by deadseasquirrel at 2014-06-10 12:38 PM | Reply | Flag: | Newsworthy 1

Fact. Spending went down as a result of sequestration.

#28 | Posted by Dalton at 2014-06-10 12:49 PM | Reply | Flag:

Fact. Spending went down as a result of sequestration.

#28 | Posted by Dalton

Fact. So did employment. And GDP.

We could've cut the deficit in other ways than cutting spending.

#29 | Posted by SpeakSoftly at 2014-06-10 01:13 PM | Reply | Flag:

Corky wrote,

"Obama's Fault."

Only in Corky's world is a 439 billion dollar deficit a great thing. Lets not forget how corky skewered Bush over his deficits.

2002 $157 Billion Deficit
2003 $377 Billion Deficit
2004 $413 Billion Deficit
2005 $318 Billion Deficit
2006 $248 Billion Deficit
2007 $161 Billion Deficit
2008 $459 Billion Deficit

Corky since you love small deficits I'll bet you wish you had showered more love on Bush. All these low deficits while super low unemployment and he gave us poor folks tax cuts.

#30 | Posted by mcmlcxx at 2014-06-10 01:40 PM | Reply | Flag:

Thank god for republicans. Unemployment is down. Spending is down. Deficit is down. Now we are finally ending this awful war in Afghanistan too. Obama's surge has been a complete failure and now we have five less Taliban leaders in custody.

#31 | Posted by Dalton at 2014-06-10 01:44 PM | Reply | Flag: | Funny: 1

#30

Are you familiar with the term, "deluded"?

You should be.

#32 | Posted by Corky at 2014-06-10 01:44 PM | Reply | Flag:

"We could've cut the deficit in other ways than cutting spending."

Let's get rid of earned income credit as a start. Of course you only want to tax wealthy people, the standard cure-all solution by liberals.

#33 | Posted by sames1 at 2014-06-10 03:31 PM | Reply | Flag:

Cleaning up acid rain and our rivers and lakes, saving our forests from the devastating effects of acid rain did not destroy our economy or cost any more jobs than it created. What it did do was create a healthier environment for all of us to live in. The same holds for Obama's efforts to reduce CO2 emissions.

#22 | Posted by nutcase

When is enough enough????????? What harmful effect has c02 had on you?

#34 | Posted by Sniper at 2014-06-10 05:00 PM | Reply | Flag:

What harmful effect has c02 had on you?

#34 | Posted by Sniper

Appears to have effected your brain.

#35 | Posted by nullifidian at 2014-06-10 05:02 PM | Reply | Flag:

Citation definitely mother-effing needed. Not that there's a flood of principled democrats either. Hell, there may be 2 or 3 principled policticians PERIOD. But they most certainly are NOT republicans. And your use of Cruz being one of them is quite telling about YOUR principles.

#27 | Posted by deadseasquirrel

So.................... Who is going to bring the budget down to at least a break even point? Which principled democrats want to cut spending to match revenue? Dazzle me with your knowlege squirley. When do we start paying down that $17.5 trillion debt?

#36 | Posted by Sniper at 2014-06-10 05:05 PM | Reply | Flag:

We could've cut the deficit in other ways than cutting spending.

#29 | Posted by SpeakSoftly

Dream on teenage buttercup. How could that be done?

#37 | Posted by Sniper at 2014-06-10 05:06 PM | Reply | Flag:

Appears to have effected your brain.

#35 | Posted by nullifidian

OH!!!!!!!!!!!!!!!!!!!!!!!! great answer. It seems to me that you don't know a damn thing except to attack me. You left out calling me a whole bunch of names.

#38 | Posted by Sniper at 2014-06-10 05:09 PM | Reply | Flag:

Asking Republicans to be intellectually consistent is asking for way too much. Some fool is now claiming the GOP forced sequestration to curb spending? LOL. I remember when they were bragging that it was his idea. These people are stupid and childish and the rest of us are stuck trying to have a grown up discussion with these knuckleheads.

#39 | Posted by ron81 at 2014-06-10 05:50 PM | Reply | Flag:

Citation definitely mother-effing needed. Not that there's a flood of principled democrats either. Hell, there may be 2 or 3 principled policticians PERIOD. But they most certainly are NOT republicans. And your use of Cruz being one of them is quite telling about YOUR principles.
#27 | Posted by deadseasquirrel

Which principled democrats want to cut spending to match revenue? Dazzle me with your knowlege squirley.
#36 | Posted by Sniper at 2014-06-10 05:05 PM

What part of my above post gave you the idea that I had *any* principled democrats in mind that would cut spending? Beats me. I'm not a fan of many (if any) politicians. I think you'd be hard-pressed to find even 1 that would be willing to cut spending enough to hit what you want-- be they R, D, I, TP, or a frickin Whig. I'm not sure how you got the idea that I think the current admin is doing everything perfectly.

I don't need to dazzle you with my knowledge... it's all right there in my post above. Evidently, dazzling you with multi-syllabic words is enough.

#40 | Posted by deadseasquirrel at 2014-06-10 06:08 PM | Reply | Flag:

snipe,

CO2 caused global warming is cutting short the ski season, virtually eliminating anything in the fall and leaving winter cold and dry. Now that's a bitch.

#41 | Posted by nutcase at 2014-06-10 06:16 PM | Reply | Flag:

The President has been doing things without Congress to the extent that his powers allow. He stopped enforcing DOMA, he stopped deporting Dreamers, he ended DADT, many other things. He has done so much by use of his executive authority that the Republicans are talking impeachment.

----------

Obama has deported more immigrant workers than bush.

He ended dadt that your buddy bubbah billy started because it was politically convenient.

And yes he has done a lot of other things:

1. expanded the nsa
2. expanded the department of fatherland security that you fake liberals used to hate when bush started it.
3. 'patriot act'.
4. military coup in Egypt
5. funded murderers in Ukraine
etc etc etc ad nauseum.

All things that power wants. Nothing against it. Just like bush. No different. None.

#42 | Posted by Shawn at 2014-06-10 09:47 PM | Reply | Flag:

"Obama has deported more immigrant workers than bush." - Shawn

No he hasn't he redifined what "deportation" means...

A closer examination shows that immigrants living illegally in most of the continental U.S. are less likely to be deported today than before Obama came to office, according to immigration data. Expulsions of people who are settled and working in the United States have fallen steadily since his first year in office, and are down more than 40% since 2009.
...
Somehow, the Obama administration is simultaneously responsible for the highest rate of deportation in 20 years and a 26 percent drop in deportation. What is going on here? As it turns out, changes in immigration law, terminology and classification are causing this confusion.
www.washingtonpost.com

#43 | Posted by AndreaMackris at 2014-06-10 09:52 PM | Reply | Flag:

CO2 caused global warming is cutting short the ski season, virtually eliminating anything in the fall and leaving winter cold and dry. Now that's a bitch.

#41 | POSTED BY NUTCASE

There is no correlatoin between total skii days and total snow fall.
skinnyski.com

#44 | Posted by AndreaMackris at 2014-06-10 09:55 PM | Reply | Flag:

4. military coup in Egypt
5. funded murderers in Ukraine

Someone has been at the 'shine again.

#45 | Posted by Corky at 2014-06-10 10:18 PM | Reply | Flag:

AMac,

There is a fairly good correlation between the ski season start and the number of ski days in the season.

December 16 is where the 70 day or ten week ski day season falls in the relationship. For each day going forward from now without 2 inches of snow on the ground we lose almost exactly one ski day
from that 10 weeks based on the relationship.

What area are they talking about? Historically Utah gets 200plus inches, but not the last three years. Last year it wasn't worth much until February. But on a good yeear they open on Halloween, providing an eight month season at Snowbird and 5-7 months elsewhere. Many local resorts close during the best spring snowfalls.

It's a good thing we have some snow-making machines.

#46 | Posted by nutcase at 2014-06-10 10:42 PM | Reply | Flag:

Yes andrea. Just as republicans have removed items from the budget and tried to pronounce themselves fiscally responsible. Both parties like to play the mathematical chicanery game. Which again furthers my point that they are both hit men for the same dons.

#47 | Posted by Shawn at 2014-06-11 12:36 AM | Reply | Flag:

Obama has deported more immigrant workers than bush.

#42 | Posted by Shawn

You left out the part where he counted the ones caught at the border and sent back. The current administration is very good at modern fuzzy math. Oh, and telling lies.

#48 | Posted by Sniper at 2014-06-11 12:57 PM | Reply | Flag:

Fact. So did employment. And GDP.

We could've cut the deficit in other ways than cutting spending.

#29 | Posted by SpeakSoftly

Wrong............. Government spending money they don't have doesn't make good GDP or jobs.

#49 | Posted by Sniper at 2014-06-11 05:57 PM | Reply | Flag:

CO2 caused global warming is cutting short the ski season, virtually eliminating anything in the fall and leaving winter cold and dry. Now that's a bitch.

#41 | Posted by nutcase

Not in the mountain west.

#50 | Posted by Sniper at 2014-06-11 05:59 PM | Reply | Flag:

Not in ny.

#51 | Posted by 101Chairborne at 2014-06-11 06:03 PM | Reply | Flag:

Or Il

#52 | Posted by 101Chairborne at 2014-06-11 06:03 PM | Reply | Flag:

CO2 caused global warming is cutting short the ski season, virtually eliminating anything in the fall and leaving winter cold and dry. Now that's a bitch.

#41 | Posted by nutcase

What were you? Born yesterday? CO2 global warming has nothing to do with it. It usually is related to trade winds and el ninos. If you bothered to look at patterns over the last 50 years, you would generally notice that when the Rockies get a ton of snow, Michigan and New York don't and then you have the vice versa effect. When the Rockies don't get much snow, Michigan and New York (especially Buffalo) get a ton of snow. CO2 global warming? What do you live in? The Ice Age?

#53 | Posted by matsop at 2014-06-11 06:15 PM | Reply | Flag:

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