September 16, 2010 01:43 AM UTC

Budget Deficit in U.S. Narrows 13%

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• by: MADCO

( – promoted by ClubTwitty)

Deficit reduction,  With a D president and D Congressional Majority?!

That cannot possibly be true.  That headline must be from some left leaning, socialist commie street sheet rag.

Oh yeah, Bloomberg.

After eight (8) years of Bush budgets that increased the deficit year after year, and that kept the Iraq and Afghanistan expenditures off the books, President Obama’s first budget is shrinking the budget.

Last month, the Treasury lowered its estimate for government borrowing from July through September, reflecting a reduction in federal spending.

What? A D President and D Congress reducing the US borrowing?  I cannot believe more so called “fiscally conservative” R’s haven’t been making a big deal out of this.

More to the point, how about even one R official or candidate pointing it out?    crickets

In the second half of 2009, the economy began to recover from the recession that started in December 2007. So far this year, payrolls have grown by 723,000 workers compared with the 8.4 million jobs lost during the recession, indicating it will take years for employment to recover.

What?! A net gain of jobs in 2010?  How can that be possible?  If that was true I’m sure ElRushbo and Beck and even the R posters here on CoPols would have acknowledged it.  RIght?

I wonder if any other media reported on this.

Wash Post.

SF Chronicle

Business Week

Daily Finance

FInancial Times

The Economist

I know President Reagan is dead.  But I wonder if perhaps there isn’t at least one Reagan republican who might think now is the time to raise taxes to reduce the deficit.

How about Alan Greenspan.

“I am in favor for the first time in my memory of raising taxes,” he said. He had previously called for the George W. Bush tax cuts to expire at the end of this year, which would raise taxes for most Americans. But keeping the cuts in place would add hundreds of billions of dollars to the national deficit, he told the Council on Foreign Relations audience.”

Sheesh. Some liberal media rag must have gotten to him.  Oh- Kiplingers.

Ok, but he’s just one guy.  Surely if he was not just some loon off the reservation  there would be some other Reagan Republican

agreeing with him.

Oh- David Stockman.

Sort of defined “Reagan fiscal conservatism”

Greenspan isn’t the only laissez-faire economic conservative to come out in favor of higher taxes. In an August op-ed piece for the New York Times, President Ronald Reagan’s budget director, David Stockman, noted that the nation’s debt is 40 times larger than it was 40 years ago – because of “the insidious doctrine that deficits don’t matter if they result from tax cuts.”

Boy, I tell ya – that Kiplinger’s and Bloomberg are about as liberal a media as you can get.   I wonder if World Net Daily or Red State have any real information to add.