$223 billion in February alone.
Compare this number to, say, the entire yearly deficit in 2007. Which was about $160 billion.
Then despair.
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- In The Mailbox: 02.28.23 (Afternoon Edition) : The Other McCain on Hey, longtime pw readers…
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And February was a SHORT month.
It’s all over now baby blue!
For another perspective on that number:
The total amount spent on military operations and support, in Afghanistan alone, up to the end of 2009, so 8 years worth: $228 billion.
But the POTUS is so stunningly hip, JG, as the entourage of millionaires Stevie Wonder, Beyonce, The Adolescent Former President, Sheriff Joe, and the POTUS golf pro know only too well.
Knowing progg-smiles wipe away all fiscal anxiety! Jenga!
And he’s still not paying my mortgage.
And I thought my wife spends a lot.
[…] one-month deficit is $60 billion more than the entire budget deficit for 2007. And a commenter at Protein Wisdom points out that this one-month deficit is nearly equal to the cost of the first eight years of the […]
If they quit spending money the economy will get worse. Aren’t all of you paying attention? We need to spend like there’s no tomorrow, because at this rate there won’t be one.
Oh goody, a brilliant plan *spit* to ease the suffering:
Yeah, this ain’t just stupidity…
A handy dandy pie chart designed to make you lose your lunch.
I know. We got into the reserves after Katrina. Have we ever got into them just because prices were high, as a result of shitbag policies?
You must leave now, take what you need, you think will last
But whatever you wish to keep, you better grab it fast
Yonder stands your orphan with his gun
Crying like a fire in the sun
Look out the saints are comin’ through
And it’s all over now, Baby Blue
The highway is for gamblers, better use your sense
Take what you have gathered from coincidence
The empty-handed painter from your streets
Is drawing crazy patterns on your sheets
This sky, too, is folding under you
And it’s all over now, Baby Blue
All your seasick sailors, they are rowing home
All your reindeer armies, are all going home
The lover who just walked out your door
Has taken all his blankets from the floor
The carpet, too, is moving under you
And it’s all over now, Baby Blue
Leave your stepping stones behind, something calls for you
Forget the dead you’ve left, they will not follow you
The vagabond who’s rapping at your door
Is standing in the clothes that you once wore
Strike another match, go start anew
And it’s all over now, Baby Blue
— Little Bobby Zimmerman
I don’t think that’s entirely accurate, Jeff. You have to watch “deficit” computations, because sometimes they ignore the off-budget part of the deficit.
Me, I think it’s probably more sensible to look at how much the debt moved each year. Why? Because that’s what really matters.
The last time the gross federal debt decreased was 1969. The last time the net debt decreased was 2001. I’m not even sure what the difference between those two things means, but I have a hunch it’s something like we just loaned ourselves some cash to make up the difference. This year’s projected increase in gross debt is just under $2 trillion, and the net debt increase is close enough to not matter.
Oh. The other part of “I don’t think that’s accurate” is that the gross debt increased by nearly half a trillion dollars in 2007.
I don’t understand, so I’ll just take your word for it — with the caveat that it still seems like quite a lot, it is a record for a month, and I think most people have stopped paying attention to these numbers because they can’t even comprehend them.
The entitlements on that pie chart don’t quite look like Pac-Man devouring the Death Star, but only because the figures are for 2010 instead of 2011.
Sure. Granted. Any way you cut it, 2011 will be a record-setting year, and not in a good way. Just saying that the last time we saw a real annual deficit less than that was 2001.] Or 2002, if you like the net number better.
I don’t understand why budget deficit and debt don’t track each other, honestly. It could be there’s some amount of hocus-pocus in each.
Not nearly big enough! It should be $80 trillion! That would get the economy all fixed!
-Paul Krugman
I wonder what that pie chart looked like when the unemployment rate was at 4.7% with adversarial MSM preventing the fudging that’s going on now to keep the unemployment rate “looking” like it’s under 10. With basic math, the unemployment insurance slice would be half as ginormous, no?
Of course that was back when the economy was in the absolute shitter, and circling the drain, what with the full employment and S&P at 1550. You know, shit like that.
The media malpractice burns me up. It seems that boycotting all advertisers who peddle their wares on these fantasy channels would be the only way to finally send them where they belong. In the trash heap of forgottenness.
I heard unemployment was 11.7 percent, if the same number of workers were used as were used in the Bush years.
Sheee-it! That cuts the slice in thirds. Of course, our population has decreased by half in the last 2 years I suppose.
Think of that Jeff. We got an idiot standing up there telling us it’s good news because now there’s a bunch of zombies wandering the streets, not looking for nothing, not doing nothing. Well, they are helping Obama’s numbers. What a farking farce.
I didn’t realize revenue from social security tax was so close to revenue from personal income tax.
How’s this for a plan for Social Security? Everyone 60 and over continue to receive their benefits on schedule, no one under 60 gets any Social Security. For those 55-60 the retirement age becomes 70. Sorry.
Those 45 and up continue to pay SS tax, and 45-54 claim benefits at 75. again, sorry.
Those younger than 45 are dropped from Social Security entirely, pay zero SS tax, credited with zero future SS. Maybe some tax incentives if you pay into a voluntary private pension plan. Sorry.
Shared sacrifice, my friends.
ot coming soon nitrogen credits
“Calculate Your Nitrogen Footprint
Your eating habits can make quite an impact on the environment. Producing and consuming food is one of the major contributors to nitrogen pollution. A scientist at the University of Virginia has created a new web-based tool that measures your nitrogen footprint so you can take steps to reduce it.”
link
So, anyone know what happened to sdferr?
$300 billion short hath September, April, June, and November. Of $223 billion short is but one, and all the remnant is $310 billion short.
My name is Obama US, Hope and Change: Look on my works, ye mighty, and despair!
LBascom,
The nation is in the very best of hands.
{O.O}
You’re right, it ain’t just stupidity. These economic arsonists know exactly what they’re doing.
A really really really long fishing trip?
herman cain in iowa tonight:
http://www.c-span.org/Live-Video/C-SPAN/
Maybe Patterico has him buried in a hidden bunker in his back yard.
OT: Charlie Sheen vs. the cast & crew of Criminal Minds on Twitter. Which is classier?
i like newt’s rift on truths: 2+2=4. if argued otherwise libtardland.
Speaking of Iowa, has everyone seen the serial spankings that Iowahawk put on Krugman, recently?
They’re a thing of beauty. Not that Krugman is a hard target or anything, but still. And Iowahawk goes the factual-refutation route, which is kind of a diversion from his usual snarkaliciousness.
I had no idea screwing with Leftists on Twitter could be so fun. The WI 14 were on the ED show tonight (only 6 or 7 were there though). I can’t believe I had to suffer through that, but it was fun popping comments into #wiunion during the show.
Aren’t we spending ourselves right into the new world reserve currency, by design? Didn’t the Triffen dilemma predict this day would come (ie, the dollar as the reserve currency endpoint)? Or have they figured out how to get around the dilemma through a new SDR or some other method?
“a diversion from his usual snarkaliciousness.”
The I-man is more than just a grease stained pretty face; when he’s not crunchin fingers with a wrench that boy can crunch numbers with anyone.
NTTAWWT
Al, I have no doubt the undead would vote democrat. I mean, we know the dead do, especially in Chicago.