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Thom's blog
Our deficit is shrinking...
Most Americans may not know it by listening to Republicans, but reality shows that our deficit is shrinking. And, if you didn't know that, you're not alone. A new Google poll found that nearly half of Americans think that the deficit is actually increasing. During the first ten months of 2012, the government spent 973 billion dollars more than it took in. The deficit for this year is currently $600 billion, and projected to wind up at a total of $670 billion at the end of the fiscal year. That's about 30% less than last year. And, as a percentage of our GDP, the deficit is less than half of what is was in 2009, when President Obama took office.
No matter how you calculate it, the numbers show that the Republicans' ominous warnings about deficits are nothing more than fear mongering and excuses to slash social spending. In addition, these figures show that we don't have to destroy our social programs to improve our nation's fiscal woes. According to Daniel Gross of Newsweek, “the miracle cure for deficits, it turns out, isn't ripping up the social safety net, or a grand bargain. It's growth.”
It's highly unlikely that these figures will have any impact on the Republicans' effort to shrink government to the size it can be drowned in a bathtub. But, the evidence is clear, and it shows that investing in our nation is the best way to stimulate our economy, and further-reduce our nation's deficit. We can't cut our way to prosperity, but we can stimulate our economy and spur even more economic growth.
-Thom
(What do you think? Tell us here.) |
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Tonight on The Big Picture on RT TV at 7pm and 9pm... Libertarian Capitalism Killed My Best Friend... (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Have a question or comment for Thom? Grab your phone, hit record and send your video to YourTakeMyTake@gmail.com and we may air it on "The Big Picture."
Need to Know: Should we have any expectation of privacy?
Screwed: Should we allow American Airlines and US Air to merge?- Ryan Radia, Competitive Enterprise Institute (C.E.I.) 
The Best of the Rest...
Daily Take: Libertarian Capitalism Killed My Best Friend...
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Tuesday's Daily Stack 
Hour One: The end of the USPS as we know it?- Don Soifer, Lexington Institute
The Big Picture- Nate Sweet, The Big Picture producer
Hour Two: Graffiti...now punishable by on-the-spot execution?- Dan Bongino, Congressional Candidate (R-MD, 6th district)
Quote: "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. " ( misquote).
Hour Three: Breaking...are your mortgage documents phony?- Lynn Szymoniak, The Housing Justice Foundation.
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Wednesday on The Thom Hartmann Program, 3-6pm ET
Hour One: Libertarianism, Capitalism Killed My Best Friend...
Hour Two: Is it time for America to build a smart grid?- Tony Stiles, The Tony Stiles Show
Hour Three: Should we allow the USPS to offer secure encrypted e-mail to the public?- Tim Cavanaugh, The Daily Caller
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...
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Thursday on The Thom Hartmann Program, 3-6pm ET
We'll have the latest news and information plus, what is the right wing up to now? Why trying to abolish the renewable fuel standard...of course! We'll find out what's up with that...
And my favorite segment of the week...Geeky Science...along with the best of the rest of the news and your calls right here on...
The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week" for "we the people"
And remember...Democracy is NOT a spectator sport...it begins with you...
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Thom's Poll
Should we have an expectation of privacy in our email accounts?
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Watch & Listen to Thom
What To Do When You No Longer Need Your Slaves?
The Good - The Bad - And the Very Very Ovovivaparously Ugly
Crazy! Testicle-eating fish Waiting for Glenn Beck?
Politically Corrected - Prez Candidate Rand Paul/Budget Cuts
How Ayn Rand Became a Hero to Right Wing Nerds
Stop & Frisk - Wall Street or Main Street?
Rumble - Finally, "War on Drugs is a Failure"
Big Picture Rumble - Souls to the Polls...Banned!
Or watch the Full "Big Picture" Show...
Full Show 8/13/13: North Carolina is #1...in Suppressing the Vote!
Tonight's "Big Picture Politics Panel" discusses the signing of North Carolina's sweeping voter suppression law, Attorney General Eric Holder's plan to reform drug sentencing in America and the Republican's continued push to get rid of the U.S. Post Office. Thom debates Conservative Scottie Nell Hughes on yesterday's "Stop-And-Frisk" ruling and in tonight's "Daily Take" Thom discusses how Republicans have been profiting off prisoners since Reagan took office.
Thom Hartmann on the News: August 13, 2013
The People the GOP Doesn't Want to Vote
Your Mortgage Documents Might be Fake!
Why do conservatives want to kill the USPS?
Graffiti: Now Punishable by on-the-spot Execution?
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Show Info
Call Thom on the show at 1-866-987-THOM (8466) (0870 974 9686 from the UK, +1 503 796 2324 from outside the US or UK).
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Hello All