Government spending fell 1.7 percent to $3.5 trillion. The decline reflected, in part, less defense spending as U.S. military involvement in Iraq was winding down.

Things are improving - something that gets very little press from the Republicans. The deficit is a large thing to turn around (much like the Titanic), but it went from $1.41 the year Bush left office to $1.1 now. Next year with the expiration of the top tax cuts and even more economic improvement, it will be lower by an even higher percentage.

We are moving FORWARD.

I learned a few things about Obama and I think that Romney folks might find it of interest too.

all the signs suggest both candidates do have strategies in mind to prod the creaky machinery of Washington to life and effect the dramatic change they vaguely but ardently promise. In fact, shortly after the next Inaugural Ball - perhaps very, very shortly after - the great stalemate between socialism and social Darwinism will break open and likely turn decisively in one direction or the other.

For different reasons, the candidates cannot openly describe these plans to the voters. But the clues are everywhere.

Also, the DOW has more than doubled since March 2009. Obama sure's the crappiest Socialist ever.

btw- Romney says he will get tough on China, imports and outsourcing. How is THAT for a huge lie? He is telling voters ANYTHINg they want to hear. A typical person does not understand that you have to be nice to the people who lend you money. Yup, he's going to bite the hand that is feeding America. Thanks to Bush we are in this mess.

Assuming Obama wins reelection, the moment the apple falls in Times Square, the Republican anti-tax crusade will be broken, and with it the pathology that has launched the deficit wars.
This is not the story you have heard about the budget. You have probably heard a terrifying tale of dysfunction and impending doom, with the catchphrase "the fiscal cliff" used by budget wonks to describe all the automatic changes scheduled for January 1....

This is all utterly wrong. Bipartisan agreement is not necessary to fix the debt. Nothing is necessary to fix the debt. ... In the absence of any agreement between the president and Congress, the deficit will shrink to less than one percent of the economy by 2018, and remain below that level through 2022.


That is a very revealing statement -- I hear no one actually talking about it. How this will happen, the article claims, is that Jan. 1, 2013, all the Bush tax cuts (that everyone has been wrangling about, endlessly) will automatically end. The only way they could be continued is if President Obama took a specific action to retain them. However, if he refuses to do anything, those Bush tax cuts will go away on their own as of that day. And the money the treasury will accumulate will bring about the deficit-reduction results indicated in the quote above.

One of the most informative articles I've read in some time. Do plough through it. You'll learn something, I promise.

Kate

Do try reading at least the last couple pages of the link--truly worth thinking about.

The earlier pages cover a scenario of what Romney will do if elected president--and not the usual propaganda stuff we've become too used to in today's politics.

This long article is a genuinely fair and balanced look at the likely possibilitites--on both sides of the political divide. I urge you again--do read it.

Kate

It was very interesting. I agree that everyone should read it. It's a different view point from everything we've heard so far.

Maybe the Obama WH can spin real fast and cough up about
several million jobs in the next week.

Now THAT would look good and might help him.

Think he cooked the numbers?

I am starting to think it's a personality disorder. Well actually, maybe I've thought that for awhile now.

-Ron-

Don't worry about the few doubters. If you count the ones that cannot read and the ones that are reading that post on HT;. The readers out number them. You notice that the polls reflect about the same percentage? Even when we get a new lurker they are saying they have been reading and leaning to voting for the right President.

An Englishwoman told me that if England were even close in their economy to what we have now the English would be ecstatic. She said we're not even aware of how fortunate we are here. And this is not the end; I truly believe the situation will improve even more as time goes on because we're headed in the right direction.