USA Federal deficit

[akarunway 1]

If they were a corp. people would be going to jailhttp://www.usatoday.com/printedition/news/20060803/1a_coverart03.art_dom.htm

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[wmw999 2,589]

My father has an enduring refrain (he's 88 and still very politically aware -- loves to argue, so I guess he's entitled to a couple of enduring refrains).

It's not the deficit, it's the debt, dammit.

The deficit is just what we're adding this year to the mound of debt. It's kind of like what you overcharged this year on your credit card, adding to the $160,000 in credit card debt.

Dad would be so proud of me now
Wendy W.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[miked10270 0]

Mr. Micawber also had an enduring refrain about "Annual Income & Annual Expenditure"!

Of course, sliding the goalposts around doesn't matter so much if: "Tomorrow? By then it'll be someone else's problem!"

Mike.

Taking the piss out of the FrenchAmericans since before it was fashionable.

Prenait la pisse hors du FrançaisCanadiens méridionaux puisqu'avant lui à la mode.

[nacmacfeegle 0]

"it's the debt, dammit."

So who are the creditors, and what sort of repo-man can you expect to come knocking?....

--------------------

He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson

[EricTheRed 0]

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"it's the debt, dammit."

So who are the creditors, and what sort of repo-man can you expect to come knocking?....

http://www.washingtonpost.com/wp-dyn/content/article/2005/11/18/AR2005111802635.html

illegible usually

[idrankwhat 0]

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"it's the debt, dammit."

So who are the creditors, and what sort of repo-man can you expect to come knocking?....

http://www.washingtonpost.com/wp-dyn/content/article/2005/11/18/AR2005111802635.html

Whenever I want to watch my (actual) conservative friends cringe I point out how this administration and Congress have been systematically selling the US to "the Commies". From the reaction, you'd think I had just kicked 'em in the crotch
Ok, that was the emoticon for the result of the jab, this is the emoticon for how I feel about willfully arming China for political blackmail

[TheAnvil 0]

LoL. Check out CBO projections for future mandatory spending...I recommend doing so on an empty stomach.

Now, when PBGC goes tits up and the politicians decide to fund its shortfalls, you'll retch some more.

Mandatory spending is the greatest threat we face collectively as a nation today.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[SkyDekker 1,465]

And it has been great to see that your president realized that and has done everything in his power to try and rectify that situation.....

Or should that be, he has done absofuckinglutely nothing?

[TheAnvil 0]

Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

You might lok at federal tax revenues from year to year over GWB's term.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[shropshire 0]

He's also saved a load of money by not paying the UN it's dues

.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[TheAnvil 0]

Fuck the UN. I wish we'd start charging them rent for the building.

A link here to a PDF file w/CBO data on the budget. Shows some successes and failures for GWB and also for Clinton and other presidents.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[shropshire 0]

Argh Poor little America wants to throw it's toys out the UN Pram.

You are the bigest member (in terms of debt, at least).. veto loads of stuff like a spoilt child but claim to be defending the world, if a small insignificant sandy country raises it's middle digit at you, claiming that they broke the rules so lets kill them.

If you dont like being in a club, pay up and f*ck off..


.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[Gravitymaster 0]

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Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

You might lok at federal tax revenues from year to year over GWB's term.

Lets not forget his attempts to reform Social Security which was defeated by the Dems saying it wasn't a real problem. One which we had plenty of time to deal with.

Guess which party wants to Socialize medicine and have the Govt. pay for it. No. Prob, we can afford it.

Both parties are out of control with the spending. Makes me sick!

[SkyDekker 1,465]

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Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

I am sorry, but my understanding was that the Republicans had a distinct majority and really should be able to push anything through. Why would your president be worried about what the Dems are crying about? For once a president in your country had the opportunity to do something great since he had almost carte blanche...

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You might lok at federal tax revenues from year to year over GWB's term.

I tried that with my ex-wife. hey honey, I know I got a $10,000 raise, but that really doesn't mean we can afford your $25,000 spending increase....

[TheAnvil 0]

Not true. The Dems have played the role of the minority in the Senate expertly. Even a lone senator may put an anonymous hold on a bill according to Senate rules.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[Gravitymaster 0]

Because it requires a 2/3 majority.

[idrankwhat 0]

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Lets not forget his attempts to reform Social Security which was defeated by the Dems saying it wasn't a real problem.


Both parties are out of control with the spending. Makes me sick!

Agreed on the excessive spending. But bringing banks and Wall St. in as a way to "save" SS is about the stupidest big government idea I've seen in a long time, unless of course your work for the banks or Wall st. The way to start working on the SS problem is to quit raiding it every year to make the deficit look smaller. Everyone keeps saying "a record number of people will be tapping the fund" but what they deliberately fail to mention is that that means that a record number of people are currently paying IN to the program. The fact that we let our government get away with this crap either means that people have been dumbed down to the point that we just don't care any more or that the people don't realize that their representatives are not actually representing them. Actually I think it's both.
Who's got the pitchforks and torches?!?!?!?!

[SkyDekker 1,465]

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Not true. The Dems have played the role of the minority in the Senate expertly. Even a lone senator may put an anonymous hold on a bill according to Senate rules.

Is this an indefinite hold? You are telling me that a lone indepent senator can bring the administration to halt, indefinitely? I seriously doubt that.....which means that my original point stands. He could ahve done great thhing with a majority backing him in both houses....to me it looks like he has done little to nothing with that opportunity...

[Lucky... 0]

Quote

My father has an enduring refrain (he's 88 and still very politically aware -- loves to argue, so I guess he's entitled to a couple of enduring refrains).

It's not the deficit, it's the debt, dammit.

The deficit is just what we're adding this year to the mound of debt. It's kind of like what you overcharged this year on your credit card, adding to the $160,000 in credit card debt.

Dad would be so proud of me now
Wendy W.

Nailed it, so many people don't understand that simple concept. But when you have 1/2 trillion $ annual deficit, it is substantial.

[Gravitymaster 0]

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Lets not forget his attempts to reform Social Security which was defeated by the Dems saying it wasn't a real problem.


Both parties are out of control with the spending. Makes me sick!

Agreed on the excessive spending. But bringing banks and Wall St. in as a way to "save" SS is about the stupidest big government idea I've seen in a long time, unless of course your work for the banks or Wall st. The way to start working on the SS problem is to quit raiding it every year to make the deficit look smaller. Everyone keeps saying "a record number of people will be tapping the fund" but what they deliberately fail to mention is that that means that a record number of people are currently paying IN to the program. The fact that we let our government get away with this crap either means that people have been dumbed down to the point that we just don't care any more or that the people don't realize that their representatives are not actually representing them. Actually I think it's both.
Who's got the pitchforks and torches?!?!?!?!

There is no better way to fund peoples retire,emt than to bring Wall Street into it. Where do you think current pension money is invested? Afraid of accepting much risk in the Market? Just put your money into an index fund. Very little risk and assurances of a much better rate of return than giving it to the govt. iirc the rate of return of money invested in SS is around 1%. The worst Fund Manager on Wall St. would easily triple that. The Dems use ignorance and fear to scare people into trusting the Govt. which I'm sure you would be the first to admit is a huge mistake.

I got the kerosene and I'm ready whenever you are. Problem is, neither party would be a better choice.

[Lucky... 0]

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LoL. Check out CBO projections for future mandatory spending...I recommend doing so on an empty stomach.

Now, when PBGC goes tits up and the politicians decide to fund its shortfalls, you'll retch some more.

Mandatory spending is the greatest threat we face collectively as a nation today.

Really? We had all kinds of it under Clinton, but the debt and the deficit turned around..... why was that? Oh yea, he raised taxes.

[Lucky... 0]

Quote

Argh Poor little America wants to throw it's toys out the UN Pram.

You are the bigest member (in terms of debt, at least).. veto loads of stuff like a spoilt child but claim to be defending the world, if a small insignificant sandy country raises it's middle digit at you, claiming that they broke the rules so lets kill them.

If you dont like being in a club, pay up and f*ck off..


.

EEWWWWWW, I actually agree with you

[Lucky... 0]

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Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

You might lok at federal tax revenues from year to year over GWB's term.

Lets not forget his attempts to reform Social Security which was defeated by the Dems saying it wasn't a real problem. One which we had plenty of time to deal with.

Guess which party wants to Socialize medicine and have the Govt. pay for it. No. Prob, we can afford it.

Both parties are out of control with the spending. Makes me sick!

We could if we would stop pandering to corps.

[Lucky... 0]

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Quote

Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

I am sorry, but my understanding was that the Republicans had a distinct majority and really should be able to push anything through. Why would your president be worried about what the Dems are crying about? For once a president in your country had the opportunity to do something great since he had almost carte blanche...

Quote

You might lok at federal tax revenues from year to year over GWB's term.

I tried that with my ex-wife. hey honey, I know I got a $10,000 raise, but that really doesn't mean we can afford your $25,000 spending increase....

Right, when was the last time in history that all branches were aligned, and they are still bitching about 10 years ago..... what a joke. Maybe that explains how Bush went 5 1/2 years w/o a veto.

They have to fall on the sword for this one and I think they will in the fall.

[Gravitymaster 0]

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Actually, he made it worse with the prescription drug program. To his credit, he did seek to eliminate ineffective programs from DoEd and was crucified by the left for it - some of them howling simultaneously about the debt!

You might lok at federal tax revenues from year to year over GWB's term.

Lets not forget his attempts to reform Social Security which was defeated by the Dems saying it wasn't a real problem. One which we had plenty of time to deal with.

Guess which party wants to Socialize medicine and have the Govt. pay for it. No. Prob, we can afford it.

Both parties are out of control with the spending. Makes me sick!

We could if we would stop pandering to corps.

Still think Corps. pay taxes, huh?

Raise Corp taxes 15%, they will raise prices 15%. Who's getting soaked then? Amazing you can't see the shell game.