What is the US 2010 Deficit? Discuss your thoughts as you read this number. What might this mean for your country? for you? are you concerned?
Thursday, August 19, 2010
What is the 2010 Deficit?
What is the US 2010 Deficit? Discuss your thoughts as you read this number. What might this mean for your country? for you? are you concerned?
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34 comments:
Deficits really only matter to individuals in the sense of higher taxes. and the tax cuts haven't worked so far to create jobs what good would it do now
I personally think that this deficit will be over by 2014 as predicted by economists. The fasion in which the "car is being pulled out of the ditch" by our government should probably approach this in a better way.I believe in leaving the free market alone, because it can correct itself eventually. I believe that our last and current presidents have prolonged the economic drought America has been suffering.
I found it surprising that the 2010deficit is said to surpass $1.3 trillion. I feel that this will impact our country and us because budget gaps cannot be cut, and taxes cannot be reduced. I am concerned because these recent years have been the largest in terms of dollars and I feel like something must be done to lower these numbers.
This article states that the 2010 deficit is to surpass $1.3 trillion. This large sum is quite outrageous. With a deficit like this, it makes it almost impossible for the government to reduce taxes and the U.S. budget gap to be cut. The deficit will surely add to the problems within the economy and push towards another recession. Most people already have problems with paying taxes, let alone pay even bigger ones. Unemployment is another thing this does not help. The government has spent plenty of money on creating jobs that no one seems to be obtaining. Therefore why continue to add to the deficit? It does the people of the United States no good.
The 2010 deficit spending in the United States is said to have surpassed 1.3 trillion dollars. This really isn't all that surprising considering the fact that America is just now coming out of a recession and that the unemployment rate is above 9%. This would effect me more if i was older and was just getting out of college and looking for a job, but since i only am a junior in high school the economy is projected to increase in the next 4 years.
I wasn't too surprised by the extremely high federal deficit. I was however surprised by the economists prediction for the number to go from $1.3 trillion to $438 billion by the year 2014. I personally don't think leaving things alone will help anything. I am also a little concerned about what congress is doing to help the situation any. The unemployment scares me too. At my age I should looking for a job soon, and with the unemployment rate so high, it will be hard for me or any other young peoples to get employed at all.
The $1.3 trillion i feel is something that will only put our country into more debt and leave our wallets a little bit less full. Our current president i trust is doing everything he can to get us out of this recession that Bush got our contry into.
The US 2010 deficit is 1.3 trillion, but by 2014 economists believe it will decrease to $438 billion. I am surprised by the 1.3 trillion dollar deficit, but at least it is less than last year's 1.4 trillion dollar deficit. This hopefully means the country will continue to get better. This does not currently effect me because i am not looking for a job.
It is a very surprising thing to see that our deficit will be suprassing 1.3 trillion this year. Although there have been many people preaching the "good word" that we are coming out of a recession due to Obama, it seems we would be able to spend a bit less to keep us out of said recession. As to my nature I am not generally a pessimist, so I can say that atleast we are making an improvement from the 1.4 trillion last year.
It is pretty amazing that our country's deficit is 1.3 trillion dollars. Even though it is a large sum of money it doesn't surprise me. We (the United States) have spent such large amounts of money on war and programs to try and revive the economy that now there is no way that American's can ever pay the amount off. With this high deficit hanging above our heads, there is no way that taxes can be reduced and it will surely not help the growing economic woes that this country is experiencing (which contradicts its original goal). The actions that are leading to this growing debt are supposed to help the country economically by creating jobs and stimulus plans, but I don't see any improvement. So is the growing debt really necessary? Does it have any positive effect the the United States? I don't believe so.
It honestly doesn't surprise me that our deductible is 1.3 trillion dollars with all the spending we do there's not enough "income" to keep it even partially close to even. I'm not big on the whole politics thing but I don't see how the spending while bring money in. But that is Congress and Obamas job so they know what there doing.
It honestly doesn't surprise me that our deductible is 1.3 trillion dollars with all the spending we do there's not enough "income" to keep it even partially close to even. I'm not big on the whole politics thing but I don't see how the spending while bring money in. But that is Congress and Obamas job so they know what there doing.
1st let me just say 1.3 trillion dollars is a LOT of money. Let me also say i believe what Chris said. It started with Bush and right NOW it is not working out for Obama but hopefully that will change, thats why we voted for him. But the economists believe it will decrease by 2014, so all we can do is hope for the best.
The US deficit is $1.3 trillion. I believe that this is outrageous. I hopefully think that the analysts are correct aboutvthe deficit to shrink to $438 billion by the year 2014. I think all of this has many negatives such as if that it shrinks, the economy could get weaker which is something we're trying to stay away from.
i feel as though everyone tries to down-grade Obama, but he is doing the best he can to try to get this country back on track, it doesn't happen over night. and the tax cuts didn't create jobs, in my eye. and tax cuts really would only affect the people that are paying a whole bunch of taxes, which are the rich people
Even though i am not affected much by this dedcit since i am only a junior; $1.3 trillion may seem like a lot but considering we are in a recession and a war this seems fairly good. But by 2014 economists project the deficit to be down to $438 billion. If this is true then this would mean our country will be taking a turn for better and hopefully not into another recession.
Well, it seems that the deficit will never be under control. Honestly, it never ever will be.
However, it would certainly help if the government would control its spending. Some say they want to cut taxes. If taxes are cut, there is less money flowing through the system to pay off the deficit. (not that they would use it for that purpose anyway)
For example:
"Sen. Judd Gregg, R-N.H., blamed the red ink on "unaffordable and unsustainable" spending driven by President Barack Obama's ambitious agenda."
The programs that we have right now aren't helping matters. "Universal heath care", is by no means free, and every single one of us is paying for it. Our taxes are being raised now, for what (may) be coming in the future. And more money being squeezed out of taxpayers will do nothing to help this nation or the staggering increase daily of it's defecit.
I found it a little comforting to know that the deficit was down a little from last year. I believe that the tax cuts from George Bush were a bigger help than most people took them for. With the high unemployment rate, alot of people who dont have jobs would be suffering even more. Although the tax cuts expire soon, Obama has the opportunity to help the economy even though economists predict a long road to a financial recovery.
This article in a brief summary about the fear of the economy's pace slowing. Also in the article we see the rise of unemployment benefits. Numerous commentators comment that the philly number is crazy; even a huge deal between Intel and McAfee couldn't offset it. Last but not least although businesses aren't hiring due to a fear in a relaspe in the economy, but they are expanding which is good.
Our country and it's economy have had a tough struggle for quiet some time. Truely we'll never recover, but for an improvement for tomorrow compared to yesterday's failure makes people believe that changes it actually happening in this economic "system" of ours. Im concerned every time I see what is called "Improvement" in the economy, because it'll eventually fall back down, or even harder.
The numbers are astonishing! What the article didn't say, that I really want to know is how much we spend per year. It gave the deficit but not total spending. How much money does the government generate every year from taxes? $1.3 trillion is outrageous! Neither party will accept responsibility, when the problem really resides in the attitude of our politicians both parties, caring more for their jobs and the short term votes of citizens, than the overall condition of the nation. Eventually politicians will have to raise taxes or severely cut spending, and probably both. What our government has done is ignored important problems that will eventually fall on our shoulders (We are screwed).
The numbers are astonishing! What the article didn't say, that I really want to know is how much we spend per year. It gave the deficit but not total spending. How much money does the government generate every year from taxes? $1.3 trillion is outrageous! Neither party will accept responsibility, when the problem really resides in the attitude of our politicians both parties, caring more for their jobs and the short term votes of citizens, than the overall condition of the nation. Eventually politicians will have to raise taxes or severely cut spending, and probably both. What our government has done is ignored important problems that will eventually fall on our shoulders (We are screwed).
I'm very surprised that the deficit for 2010 is at $1.3 trillion. I find it hard to believe that we can get this number lowered any time in the near future, if at all. If lowered that means an even bigger recession than what we have been and are going through now. Taxes are hard enough to pay for some as it is, higher taxes would only lead to a higher unemployment rate, a higher rate of bankruptcy, ect. Hopefully, the numbers predicted for 2014 happen, that's atleast a good start.
The huge amount of deficit reveals the workings of government. Yet again, they seems to only know how to spend money, and not much else. This proverbial "fighting fire with fire" approach will not work, the economy can not be guided by the hand of government, it must be renewed by its own effort. It is not the fault of the republicans, or the democrats, they are both equally responsible, and both have taken the same foolish moves again and again. I have faith in capitalism, and the economy will eventually recover. Spending must be cut, and taxes must be lowered.
I think personally, that all the job cuts are scary. With everyone losing their jobs left and right, it would scare me to death if I was ever in a situation like that. Especially a job that you went to school for years and years for. It also concerns me that the deficit is expected to surpass 1.3 trillion dollars. That's money coming from our parents hands and quite soon ours too. If more jobs can't be or arn't created, the deficit will just continue to increase. Even though it is expected also by 2014, that it will decrease to $438 billion, no one can 100% guarantee anything, I think.
This article states that the 2010 deficit is to surpass $1.3 trillion. and i agree wit bobby, deicits just put mor tax money on us. but like in the past everything will resolve its self in the end.
The 2010 deficit is 1.3 trillion dollars. Seeing this number doesn't really effect me at all because i don't see why it really matters. We never pay off our debt so i don't see why they even keep track of it. I also don't really understand how that works. The only thing it means is possible tax raises. I am not really concerned because we have always had outstanding debt.
I think that goverment should stop spending so much money, not a lot of jobs are being created and nothing is changing.
I think that goverment should stop spending so much money, not a lot of jobs are being created and nothing is changing.
I am not surprised that the 2010 deficit has surpassed $1.3 trillion. I don't believe that economists are correct in saying that in 2014 the deficit will decrease to $438 billion. I do believe it will decrease over time but in the course of four years the decrease will not be that significant.
The national debt is up to 1.3 trillion this. Surprisingly that is a slight improvement from last year. The government is still spending more money and the people in this country are pretty much suffering for it.
In my opinion the $1.3 trillion will only put our country into more debt. We dont need to surpass this, we need to get it paid and try our best to get our country out of debt.
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