Fourth Consecutive Trillion Dollar Deficit...

[Gipper]

With little fanfare from the lib media, we have incurred four trillion dollar plus deficits in a row. If we had a media not tied at the hip to the D Party, Americans would know this and Obama would be discredited.

Networks Silent on Obama’s Fourth Consecutive Trillion-Dollar Deficit

Published: 10/8/2012 4:56 PM ET
None of the Big Three broadcast networks noted the release Friday of the Congressional Budget Office’s final determination of the fiscal year 2012 federal budget deficit: $1.1 trillion, the fourth year in a row of trillion-dollar deficits. ABC, CBS and NBC’s Friday evening newscasts and Saturday morning news programs were silent about the statistic — even though Obama’s massive spending and broken 2008 promise of halving the deficit are central issues of this year’s presidential campaign.

A look back shows that the networks were also silent last year, when the deficit came in at $1.299 trillion for fiscal year 2011. In 2010, the networks skipped CBO’s October 7, 2010 report of a $1.3 trillion deficit, but later noted the final number when it was released by the Office of Management and Budget on October 15.
You have to go back to 2009 (which saw a record $1.4 trillion deficit) to find a year when the three broadcast networks treated the government’s severely unbalanced budget as real news — and, even then, it was given not much more than a passing mention on ABC and NBC (with Katie Couric’s CBS Evening News waiting a week to play catch-up)
http://www.mrc.org/biasalerts/networks-silent-obamas-fourth-consecutive-trillion-dollar-deficit

And here....Jon Stewart a hero of the Left does not know the difference between the debt and deficit. Is it any wonder Dems and Libs are uninformed?

The federal debt vs. the deficit: On the subject of the current national debt, Jon Stewart made a factual statement regarding President George W. Bush inheriting a surplus in deficit spending from President Bill Clinton, but Stewart then added that Bush had accumulated $10 trillion in debt over the course of eight years. The assertion Stewart was making was that, based on the fact that Bush inherited a surplus in the deficit, he started off a little above ground zero when it came to the debt, and he added $10.8 trillion beyond that.
“You’re mixing up the debt and the deficit,” O’Reilly responded. Before any Stewart defenders claim that this was a momentary slip up, they need to go to the video and see how number times Stewart attempted to clarify this point before O’Reilly mercifully cut him off.

To clarify the point, we go to a previous point collected in this column: “A surplus in deficit spending did occur in the final year of Clinton’s tenure, but after totaling up the entire eight years of Clinton’s tenure, we find that he ended up adding $1.6 trillion in total to the debt with an average annual deficit of $200 billion a year.”{3} The total debt when George W. Bush took office was $5.7 trillion.{4}​

The deficit, in essense, is the difference between the money Government takes in, called receipts, and what the Government spends, called outlays, each year.{5} The debt is an accumulation of the year-to-year deficits. Or, as O’Reilly states, “the debt is an accumulation (of each year’s deficits) that dates back to George Washington.”
Stewart attempted to save face by saying that Obama has kept the deficit stabilized, but on this point at least, the damage was already done. It was, as Stewart would proclaim in a high-pitched falsetto, "awkward!"
http://www.examiner.com/article/who-won-the-stewart-vs-o-reilly-debate

 

[Johnny Tremain]

The democrat party--revealed.
And their nasty little partners in crime--the mainstream media.
Well--it used to be mainstream.