Fourth Year In a Row of $1 Trillon-Plus Federal Budget Deficits

Folks... this is both a stand-alone newsbite and an abject lesson in how the liberal media operates.

Read it.

Learn...

Weep...

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The non-partisan Congressional Budget Office (CBO) on Wednesday warned the economy will enter a recession next year if the country goes over the so-called fiscal cliff.

WE'VE BEEN GOING OVER THE FRIGGIN' FISCAL CLIFF ALL ALONG! OBAMA HAS BEEN YELLING "FULL STEAM AHEAD!"

AS TO "RE-ENTERING" A RECESSION... (*SIGH*)... FOLKS... BY EVERY MEASURE THAT MATTERS WE'VE BEEN IN RECESSION CONSTANTLY SINCE 2008.

HEY... FOLKS... THE DEMOCRATS TOOK OVER BOTH HOUSES OF CONGRESS FOLLOWING THE 2006 ELECTION - REMEMBER? PELOSI AND REID CONTROLLED THE NATION'S PURSE STRINGS ALL THROUGHOUT 2007... AND 2008... (AND 2009... AND 2010...)... REMEMBER?!

In its most dire warning yet about the fiscal cliff, the CBO said the economy would contract by 0.5% in calendar year 2013 if the George W. Bush-era tax rates expire and automatic spending cuts are implemented.

LET'S TALK ABOUT THE "BUSH ERA" TAX CUTS. WE'RE TALKING 2001 & 2003 - RIGHT? (RHETORICAL... YEAH... RIGHT.) BUSH WAS IN THE WHITE HOUSE. REPUBLICANS CONTROLLED CONGRESS. I BELIEVE THESE "BUSH TAX CUTS" WERE THE PRIMARY REASON WHY AFTER 9/11 OUR ECONOMY DIDN'T TOTALLY COLLAPSE. IN ANY CASE... EXCEPT FOR THE OIL PRICE SHOCKS, THE "BUSH ERA" WAS LARGELY AN ERA OF PROSPERITY... PLENTY OF JOBS... YEAH - THE REAL ESTATE BUBBLE WHICH LED TO DISASTER... BUT THAT BUBBLE WAS APPLAUDED BY BOTH PARTIES WHILE IT LASTED... THAT'S THE FACT! BASICALLY - FREELY ACKNOWLEDGING 9/11 AND THE OIL PRICE SHOCKS - 2001... 2002... 2003... 2004... 2005... 2006... THE REPUBLICAN YEARS... WERE PRETTY GOOD YEARS FOR AMERICANS WHEN ONE COMPARES THOSE ECONOMIC STATS TO POST-DEM-TAKEOVER OF GOVERNMENT ECONOMIC STATS.

OH... THEN THERE'S THIS: RECALL... THE "BUSH TAX CUTS" WERE SET TO EXPIRE IN 2010. WHO CONTROLLED THE WHITE HOUSE AND BOTH HOUSES OF CONGRESS IN 2010? WHICH PARTY WAS IN CONTROL OF CONGRESS... WHICH PARTY AND WHICH PRESIDENT OF WHICH PARTY FAILED TO ALLOW THE "BUSH TAX CUTS" TO EXPIRE...?!?!

FOLKS... JEEZUS... WISE UP! THIS IS THE REALITY...!!!

The gloomy picture of rising debt and weak economic growth...is a sharp contrast with the 1.1% in growth the CBO projected in January for 2013 and 0.5% growth it projected in May.

YEAH. RE-READ THE ABOVE. WHAT HAPPENED IS THAT THE CBO CAN ONLY PERFORM ANALYSIS ON THE NUMBERS IT'S GIVEN. THE NUMBERS IT WAS GIVEN WERE LARGELY BASED UPON SMOKE AND MIRRORS "HAPPY TALK." NOW REALITY IS REARING ITS UGLY HEAD.

FOLKS... SAME THING HAPPENED WITH OBAMACARE! THE DEMS GAVE THE CBO UNREALISTIC NUMBERS... WHICH BY LAW THE CBO HAD TO USE!

The CBO said the effects of the fiscal cliff are worse in part because Congress extended a payroll tax holiday in February...

FOLKS... CHECK THE ARCHIVES... I OPPOSED THE EXTENSION! WITH REPUBLICANS CONTROLLING THE HOUSE AND DEMOCRATS THE SENATE THE IRRESPONSIBLE BASTARDS IN CONGRESS RECKLESSLY AND HARMFULLY EXTENDED THE SCAM IN "BIPARTISAN FASHION." REMEMBER...?!?!

House Speaker John Boehner (R-OH) on Wednesday put the onus on Democrats to act on the fiscal cliff. He noted that the House has passed bills replacing the automatic cuts with tailored cuts to mandatory spending such as on food stamps, and extending the Bush-era tax rates.

(*SHRUG*)

Democrats last month threatened to let the nation go over the fiscal cliff unless Republicans agree to a “balanced” deficit package that includes some tax increases.

HERE'S WHAT THE WRITER OF THIS PIECE DOESN'T ADD: THERE IS NO ACTUAL SENATE BUDGET COUNTER-PROPOSAL... NO ACTUAL LEGISLATION PASSED BY THE SENATE... NONE EVEN PROPOSED AND PUT TO A VOTE IF MEMORY SERVES...

(*PURSED LIPS*)

(*SIGH*)

CBO projects a deficit of $1.1 trillion this year, the fourth year of budget shortfalls over $1 trillion.

(*FEELING HOMICIDAL, NOT SUICIDAL*)

"...THE FOURTH YEAR..." HMM... LET'S SEE...

FISCAL YEAR 2009: DEMOCRATS CONTROLLED BOTH HOUSES OF CONGRESS FOR THE ENTIRE YEAR... BUSH WAS PRESIDENT AT THE START OF THE FISCAL YEAR (WHICH BEGAN IN OCTOBER 2008)...

FISCAL YEAR 2010: DEMOCRATS CONTROLLED BOTH HOUSES OF CONGRESS THROUGHOUT 2009... OBAMA WAS PRESIDENT FOR ALL BUT THE FIRST FEW WEEKS OF JANUARY.

FISCAL YEAR 2011: DEMOCRATS CONTROLLED BOTH HOUSES OF CONGRESS THROUGHOUT 2010... OBAMA WAS PRESIDENT.

FISCAL YEAR 2012: OBAMA IS PRESIDENT... DEMOCRATS STILL CONTROL THE SENATE... THE BOEHNER REPUBLICANS HAVE CONTROLLED THE HOUSE SINCE JANUARY 2011.

(*PAUSE*)

SO, FOLKS... ABOUT THESE "FOUR YEARS OF BUDGET SHORTFALLS OVER $1 TRILLION..."

(*SNICKER*)

FOLKS... YOU HAVE THE LINK... FEEL FREE TO READ THE FULL ARTICLE...