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« My New Favorite Blog | Main | Just Plain Odd Time Waster »
July 12, 2005

Cry: NYT Forced To Report Deficit, Not Sky, Is Falling

Bush's plan to cut the deficit in half by 2009 might actually happen by next year.

Don't get me wrong. Chimphitler McHalliburton still spends too much of America's money. But-- the improving economy is boosting tax receipts. And that, as it did in the 1990's, shrinks the deficit.


posted by Ace at 11:56 PM
Comments



Shouldn't that be, Mr. President Chimphitler McHalliburton? Out of respect for the office, you know like that? Suppose I could be wrong AND it is your Web Log.

Posted by: STRAIGHT FROM THE BOTTOM on July 13, 2005 12:05 AM

Ace,

LOL.

"But many independent anaylsts cautioned that the improvement, though notable, could prove epheremal and that it did little to eliminate bigger fiscal problems just over the horizon."

Yes, things look great, but they could get a helluvalot worse, and when they do, you can be sure we'll blame Bush!

Posted by: MeTooThen on July 13, 2005 12:19 AM

"Chimphitler McHalliburton" ... YER KILLIN' ME!


too damned funny.
/TJ
... NIF

Posted by: TJ on July 13, 2005 07:48 AM

What? Lowering taxes increases tax revenue? Why didn't someone say something sooner?

Posted by: B on July 13, 2005 11:21 AM

Hap, Hap, Hap, Hap, Hap Hap, Happy talk,
Talk about things you'd like to do.
You got to have a dream,
If you don't have a dream
How you gonna have a dream come true?

South Pacific - Richard Rogers 1949

I find all this happy talk very hard to believe. When the inflation and unemploymnet numbers were the worst since the great depression, Jimmy Carter decided to change the way they were calculated thereby painting a much rosier picture. Since the First Felon Bill Clinton was in charge, an even worse climate of deception pervades government and W is not immune from it. With unprecedented amounts of money going out to the middle east to buy oil at $60 bbl we are hemmoraging money at a dangerous and unsustainable level and I am convinced that it is only a matter of time before the world is plunged into recession.

Posted by: 72 Pessimists on July 13, 2005 11:27 AM

I always thought the pejorative was "Chimpy McHitlerburton."

To each his own, I guess.

Posted by: Charles on July 13, 2005 11:46 AM

You're never wrong if you just use the abbreviation 'Bulshitler.'

72, have a coke and a smile, buddy.

Posted by: lauraw on July 13, 2005 12:22 PM

"With unprecedented amounts of money going out to the middle east to buy oil at $60 bbl we are hemmoraging money at a dangerous and unsustainable level and I am convinced that it is only a matter of time before the world is plunged into recession."

Don't you worry there ol' 72; Chimpy McBushitlerburton is going to start invading all these oil producing countries soon. Before you know it Chevron will be paying you to take some off of their hands. Blood for Oil!!

Posted by: BrewFan on July 13, 2005 01:16 PM

What? Lowering taxes increases tax revenue? Why didn't someone say something sooner?

Erm, somebody did. John F. Kennedy. And it stimulates the economy too. Why can't you Rethuglicans learn something from successful Democratic economic initiatives? We're just lucky that an idiot like Chimpy accedentally imitated Kennedy, because it's obvious that all he was trying to do is throw money at rich people.

Posted by: Michael on July 13, 2005 01:24 PM

I for one wish the economy would dive so I can find a closer empty parking spot at the mall. Damn you to hell Bush!

Posted by: Dman on July 13, 2005 02:03 PM

Ace! You've buried the lead!

"It's only good if you set the bar at $400 billion," said Richard Kogan, a senior economist at the Center on Budget and Policy Priorities, a liberal research organization here. A $300 billion deficit, he said, was "really bad if you remember that we've recovered from a recession and you think we are at or near full employment."

The CBPP-- Krugman's favorite source!-- saying we're at or near full employment; doesn't this rate some video of Justine Bateman and Kim Richards spanking each other's asses with cowbells?

Posted by: Paul Zrimsek on July 13, 2005 02:08 PM

I'd prefer a photoshop of Kate Mulgrew and Jeri Ryan kissing, but whatever.

Posted by: Megan on July 13, 2005 02:11 PM

Falling deficit? Ohhhhhh...that's gotta sting.

Looks like it's time for another round of stories on homelessness.

Posted by: The Warden on July 13, 2005 06:21 PM

Today's news is even better. No inflation, trade deficit down again, retail sales strong. Numbers like this have all kinds of implications for everything from Fed policy to to COLA increases.

It would be a mistake to underestimate the significance of numbers like these by posting another Mallory snoozer. This deserves something like a Jeri Ryan/Jessica Alba cluster-love image.

Posted by: spongeworthy on July 14, 2005 10:06 AM
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This was her actual complaint. The mushed-up tomato looked like blood so it's a death threat and these violent attacks on me must stop. What is dis bitch, CNN?
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I posted his post on twitter and it's gotten 25K views so far. Thanks, Smell the Glove
Chris
@chriswithans

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Forgotten 80s Mystery Click That Sums Up the Democrat Communist Party Today
Something is wrong as I hold you near
Somebody else holds your heart, yeah
You turn to me with your icy tears
And then it's raining, feels like it's raining
"It's f**king f**ked."
-- reportedly a genuine comment offered by a "senior Labour source"
Correction: I wrote that Labour is losing 88% (now 87%) of the seats it is "defending." I think that's wrong. The right way to say it is the seats they are contesting -- that is, they don't necessarily already hold these seats, but they have put up a candidate to run for the seat. It's still very bad but not as bad as losing 87% of the seats they already held.
Basil the Great
@BasilTheGreat

🚨ED MILIBAND [a Minister in Starmer's government] SAYS KEIR STARMER WILL RESIGN AS PRIME MINISTER

He has reportedly reassured Labour MP's that Starmer will be resigning following the disastrous results tonight

It's over
"The end of the two party system in the UK" as first the Fake Conservatives and now Labour chooses political suicide rather than simply STOPPING THE INVASION
Incidentally, the only reason this didn't already happen in the US is because of the Very Bad Orange Man (who is right on 85% of all policy calls and extremely, existentially right on 15% of them)
No political party that is NOT also a doomsday religious cult would EVER choose a cataclysmic loss -- and possible extinction as a party -- to support a toxically unpopular favoritism of NON-CITIZEN ILLEGAL MIGRANTS over actual citizen voters.

Only a cult does this.
Now they've lost 84%.
Annunziata Rees-Mogg
@zatzi
If this continues Labour loses 2,148 seats tonight.

That is much worse than the worst case predictions I’ve seen.

Cataclysmic

Update: They've now lost 88% of the seats they're defending. As I mentioned earlier, I think I heard that London will not bail them out, as many of those Labour seats will probably flip to "Muslim Independent" or Green. Detroit's 5am vote will not save them.
Yup, Labour is losing 80% of its seats...
The British Patriot
@TheBritLad

🚨 BREAKING: Labour have lost 80% of all seats contested as of 2:25 AM.<
br> If this continues, Keir Starmer will be out of office next week.

Reform has surged and projected to pick up between 1700-2100 seats.


Wow, up to 1700-2100 seats. It's not incredible that this is happening. It's incredible that the Davos crowd is so absolutely determined to privilege Muslim "migrants" over the actual native population who elects them, no matter how loudly the natives scream that they want to be prioritized, that they will gladly self-extinguish as a party rather than simply representing the interests of their own voters. Astonishing.
Remember, when they call other people "cultists" -- they are the ones so imprisoned in their social reinforcement and discipline bubbles that they will choose political death rather than dare upset the Karen Enforcement Officers of their cult.
Update: Now they've lost 83% of the seats they were defending.
(((Dan Hodges)))
@DPJHodges

Reform are basically wiping Labour out in the North. It's not a defeat. It's not even a rout. Labour are simply ceasing to exist.


Nick Lowles
@lowles_nick

Tonight’s results are calamitous for Labour. Not just for Keir Starmer's leadership, but for the very future of the party
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Update: Reform now up 145, Labour down 98.
Labour projected to lose Wales -- where they've ruled for 27 years.
Fulton County Georgia just discovered 400 boxes of ballots for Labour
Update: REF +156, LAB -107, CON -45
Brutal: In four out of five council seats where Labour is defending, they've lost. 80%.
I'm sure it's not this simple, but Reform is straight taking Labour's and the "Conservatives'" seats. They've lost almost exactly what Reform gained. If understand this right (and warning, I probably don't), all of London's council seats are up for election, and Labour might lose hugely there, as their old voters abandon them for Reform, Muslim Indenpendents, and the Greens.
REF +190, LAB -134, CON -56.
Updates on the Labour collapse in council elections -- which wags are calling #Starmergeddon -- from Beege Welborne. There are about 5000 seats up for grabs, Labour is expected to lose 1,800, Reform will probably gain 1,580, up from... zero. So this would be more than that.
People claim that while Labour has adopted the Sharia Agenda to appeal to the million Muslims it allowed to migrate to the country, those voters are ditching Labour to vote for the Muslim Independent Party or the Greens. Delicious. This shadenfreude is going straight to my thighs.
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Media bias and senationalism are as old as, well, the media:
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That was written by Denny O'Neill and illustrated by, get this, Frank Miller. Editor to the Stars Jim Shooter was in charge at the time.
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