Grim milestone: Budget deficit hits $1 trillion
By Michelle Malkin • July 13, 2009 05:37 PM Woo-hoo! Feel the Hope and Change:
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Edited to bring into copyright compliance
http://michellemalkin.com/2009/07/13/grimmilestone-budget-deficit-hits-1-trillion/
Why do you care...your old ass will be dead soon anyway.
Quote from: Exterminator on July 14, 2009, 07:57:54 AM
Why do you care...your old ass will be dead soon anyway.
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That's an assinine statement plain & simple. Do you not care about your children & their children ?
IMO.. It is your kind of stupidity & simple-mindedness that has put this country in the shape that it's in.
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Quote from: Philodox on July 14, 2009, 08:05:26 AM
IMO.. It is your kind of stupidity & simple-mindedness that has put this country in the shape that it's in.
How do you figger? Ex didn't send us into Iraq, or write interest-only mortgages to people with bad credit.
Hurling easy insults at those who disagree with you does little to explain your view on how the situation came about, or how it should be addressed.
Quote from: Philodox on July 14, 2009, 08:05:26 AM
That's an assinine statement plain & simple. Do you not care about your children & their children ?
IMO.. It is your kind of stupidity & simple-mindedness that has put this country in the shape that it's in.
I have no children and no, it's letting morons like you breed that put this country into the shape that it's in.
I dont recall Miss Malkin giving a shit when deficits rolled ahead prior to now. So forgive me if her words ring hollow at this point.
Quote from: Gryphon on July 14, 2009, 11:13:31 AM
I dont recall Miss Malkin giving a shit when deficits rolled ahead prior to now. So forgive me if her words ring hollow at this point.
Although the deficit has been out of control for years now....and YES, the Bush admin has allowed it's share of contribution....but THIS is really OUT of control now....
just read what she said:
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There's also concern about trying to reverse the deficit — by reducing government spending or raising taxes — in the midst of a harsh recession.
The Treasury Department said Monday that the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion.
The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.
The country's soaring deficits are making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term.what is so "hollow" about those words?.....
WE HAVE A PROBLEM GOING ON..........AND IT SEEMS TO ME THAT EVERYBODY IS JUST WORRIED ABOUT 'WHOSE FAULT" IT IS!!!....IT IS GOVERNMENT'S FAULT...PEROID...AND THEY ARE WANTING TO SPEND MORE AND MORE......QUIT BLAMING BUSH OR OBAMA.........AND LET'S START BITCHIN TO WASHINGTON TO QUIT F'ING SPENDING. :rant: :rant:
Quote from: Henry Hawk on July 14, 2009, 11:44:37 AM
The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.
what is so "hollow" about those words?.....
"sharp decline in tax revenues." - Because "who?" cut taxes?
"Paying for wars in Iraq and Afghanistan also is a major factor." - No comment.
Quote from: Bo D on July 14, 2009, 12:07:17 PM
"sharp decline in tax revenues." - Because "who?" cut taxes?
See Bo, that's because the "cut taxes and simply borrow and spend" mentality that the republicans held for 8 years is so much better than those damn "tax and spend" democrats. :rolleyes:
Henry, much of our current deficit is, as she points out, "propelled by the huge sum the government has spent to combat the recession and financial crisis", which is something ole Bush didnt have to worry about. Make no mistake, this deficit worries the bejeezus out of me, but at least there is a reason for it. Ole Bush was just running up the collective credit card for....???
Quote from: Gryphon on July 14, 2009, 12:21:15 PM
Henry, much of our current deficit is, as she points out, "propelled by the huge sum the government has spent to combat the recession and financial crisis", which is something ole Bush didn't have to worry about. Make no mistake, this deficit worries the bejeezus out of me, but at least there is a reason for it. Ole Bush was just running up the collective credit card for....???
those REASONS are NO more valid than any previous administration..........THEY always have a REASON....and it is CONGRESS that SPENDS.........My point IS.....I'm tired of ALL the reasons...
If you want to get nit picky........Bush DID have an recession ALSO when he took office....he also had 9/11 on his clock along with Katrina......
the bottom line for me is................we GOT to QUIT spending money......return the money back to the people and let THEM spend it.........because Washington is out of control.
HH, let me ask you one question, simply as an example. Given your current state of knowledge, what exactly do you think would have happened had AIG been allowed to fail?
Quote from: Henry Hawk on July 14, 2009, 01:24:16 PM
f you want to get nit picky........Bush DID have an recession ALSO when he took office....
Most experts don't think so ...
http://www.businessweek.com/magazine/content/04_08/b3871044.htm (http://www.businessweek.com/magazine/content/04_08/b3871044.htm)
Inventing The "Clinton Recession"
The CEA is trying to alter the start date in a way that benefits Bush.
No one should be surprised when economic or budget forecasts coming out of Washington are influenced by politics, especially during an election year. But when economic history is rewritten -- with political consequences -- that's going too far. President George W. Bush's Council of Economic Advisers, chaired by Harvard economist N. Gregory Mankiw, is trying to get away with exactly such revisionist history. The CEA's Economic Report of the President, released Feb. 9, unilaterally changed the start date of the last recession to benefit Bush's reelection bid. Instead of using the accepted start date of March, 2001, the CEA announced that the recession really started in the fourth quarter of 2000 -- a shift that would make it much more credible for the Bush Administration to term it the "Clinton Recession." In a subsequent press conference, Mankiw said that the CEA had looked at the available data and "made the call."
Now don't go pointing out yet another example of BushCo and their attempts to alter "the facts" and spin it into their advantage. :biggrin:
Quote from: Locutus on July 14, 2009, 01:33:10 PM
HH, let me ask you one question, simply as an example. Given your current state of knowledge, what exactly do you think would have happened had AIG been allowed to fail?
I'm positive it would have not been good IF they failed...my argument is NOT bailingout AIG....I am sick and tired of wastefull spending..........we are spending billions of dollars that we no longer have.........I think the GOV spending money is never a good thing...........return the money BACK to the people and let THEM spend IF they choose too.......let recessions run their course.....they are a natural part of our economic system. This current recession would have pulled out WITHOUT the so-called stimulus package that we just threw away.
Quote from: Henry Hawk on July 14, 2009, 02:02:37 PM
I'm positive it would have not been good IF they failed...my argument is NOT bailingout AIG....I am sick and tired of wastefull spending..........we are spending billions of dollars that we no longer have.........I think the GOV spending money is never a good thing...........return the money BACK to the people and let THEM spend IF they choose too.......let recessions run their course.....they are a natural part of our economic system. This current recession would have pulled out WITHOUT the so-called stimulus package that we just threw away.
pulled out when?
Quote from: LOsborne on July 14, 2009, 08:14:05 AM
How do you figger? Ex didn't send us into Iraq, or write interest-only mortgages to people with bad credit.
Hurling easy insults at those who disagree with you does little to explain your view on how the situation came about, or how it should be addressed.
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I didn't single ex out, he eagerly volunteered. Now if you want to join him go ahead. There is at least a 1/2 a busload here who could join ya.
Henry is the closest to a viable solution, so far. IMO Sure Bush should be horse-whipped for his economic approach, but Obummer is a train wreck to this country. ( unless of course, you think that socialism & economic suicide is the furture. )
I'm beginning to think Glen Beck is right. We couldn't be doing so many wrong things, so quickly unless it is on purpose.
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Quote from: Gryphon on July 14, 2009, 02:24:22 PM
pulled out when?
...they average recession since WWII has been around 10 months....but according to the press, most of Bush's years we was in a recession...in my opinion,.....I think we MAY see a short break (by natural causes)....but will be hit again soon, when the inflation comes from ALL of the money we are spending that we do not have.....
Quote from: Philodox on July 14, 2009, 02:26:09 PM
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I'm beginning to think Glen Beck is right. We couldn't be doing so many wrong things, so quickly unless it is on purpose.
it DOES make one think....
Quote from: Henry Hawk on July 14, 2009, 02:02:37 PM
I'm positive it would have not been good IF they failed...my argument is NOT bailingout AIG....I am sick and tired of wastefull spending..........we are spending billions of dollars that we no longer have.........I think the GOV spending money is never a good thing...........return the money BACK to the people and let THEM spend IF they choose too.......let recessions run their course.....they are a natural part of our economic system. This current recession would have pulled out WITHOUT the so-called stimulus package that we just threw away.
Perhaps it would have pulled through if it were merely a recession. But what we had, was a perfect storm of economical crises that left us in one hell of a mess. The list of potential nightmares that might have happened had AIG been allowed to fail is a long one. I'll list some if you're interested in reading. So they really had no choice but to keep throwing money at that one.
For the record, I'm no more a fan of wasteful spending than you are, but those (and I'm not saying you) who are blaming this whole thing on Obama have their blame sorely misplaced. The bottom line is that every politician's constituents want everyone else's pork cut but their own spared.
Case in point; Sarah Palin. She was for the Bridge to Nowhere before she was against it. :wink:
BTW, if Obama's plan works, and the economy and tax revenue rebound in the coming years thanks to the spending that's currently going on, he'll be a genius. If it doesn't work, I shudder to think the boat that we'll be in. We'll be collectively fu*ked and not in a good way.
Quote from: Locutus on July 14, 2009, 02:48:59 PM
Perhaps it would have pulled through if it were merely a recession. But what we had, was a perfect storm of economical crises that left us in one hell of a mess. The list of potential nightmares that might have happened had AIG been allowed to fail is a long one. I'll list some if you're interested in reading. So they really had no choice but to keep throwing money at that one.
For the record, I'm no more a fan of wasteful spending than you are, but those (and I'm not saying you) who are blaming this whole thing on Obama have their blame sorely misplaced. The bottom line is that every politician's constituents want everyone else's pork cut but their own spared.
Case in point; Sarah Palin. She was for the Bridge to Nowhere before she was against it. :wink:
I'm no more blaming on Obama admin than I am the Bush admin.......I admit Bush allowed his fair share of mistakes....but the spend, spend, spend that is going on now..........and that has blood of all parties, is to the point of being asinine....
I have read many, possible scenerios IF AIG failed....it would/could be worldwide....but maybe, THAT is what this world needs.....(I hope not)
No one company should be able to have an effect on the whole world if it fails. (Except possibly the ones that are building the nuclear bombs. :eek: )
Quote from: pariann on July 14, 2009, 03:44:19 PM
No one company should be able to have an effect on the whole world if it fails. (Except possibly the ones that are building the nuclear bombs. :eek: )
This statement got me to thinking. . .
Wonder if this whole global economic crises isn't being "handled" in order to force nations to give due consideration to a global economic structure, global form/unit of legal tender, and tie us all together in one big financial maze of red-tape and confusion?
As if it isn't bad enough with the US borrowing from China, China from Japan, blah, blah, blah. . . :spooked:
Quote from: Palehorse on July 14, 2009, 03:52:23 PM
This statement got me to thinking. . .
Wonder if this whole global economic crises isn't being "handled" in order to force nations to give due consideration to a global economic structure, global form/unit of legal tender, and tie us all together in one big financial maze of red-tape and confusion?
As if it isn't bad enough with the US borrowing from China, China from Japan, blah, blah, blah. . . :spooked:
PH...you got me thinking...as usual...........I normally do not buy into any conspiracy crap....but, maybe this IS part of a bigger plan, that is falling into place.
And no one thought of it but me? LOL I feel .... smart. :wink:
Quote from: pariann on July 14, 2009, 04:48:49 PM
And no one thought of it but me? LOL I feel .... smart. :wink:
Before you get bucked off that high horse remember, you were talking about companies and we are talking about a one world economy. . . :razz:
Quote from: Philodox on July 14, 2009, 02:26:09 PM
Henry is the closest to a viable solution, so far. IMO Sure Bush should be horse-whipped for his economic approach, but Obummer is a train wreck to this country. ( unless of course, you think that socialism & economic suicide is the furture. )
Obviously, you haven't read many days back. I advocate revolution. In fact, I actively recruit. In my perfect future, this country has been replaced by about six smaller nations (with mutually advantageous trade and defense agreements), so our money goes to address the problems which actually concern
us! In my world, Katrina victims would get foreign aid ... after we fix the roads around here. And the California wildfire victims could apply for help, but not at the expense of my schools.
If you are interested, I need your sizes, and your camo preference. Choose from woodlands, desert, polar, and city-scape. Sorry, but right now we are on a bring-your-own-ammo belt tightening stance.
I am currently hoarding ammo and camo! You won't see me or know I am there until it is too late. You'll be gone so fast you'll never hear the report from the shot that takes you out. . . :biggrin:
Quote from: Palehorse on July 14, 2009, 07:30:12 PM
Before you get bucked off that high horse remember, you were talking about companies and we are talking about a one world economy. . . :razz:
Same difference.....I was talking about no ONE anything should have an effect on the whole world. One world economy...would do the same thing. Illuminati. :spooked:
Quote from: LOsborne on July 14, 2009, 07:42:17 PM
If you are interested, I need your sizes, and your camo preference. Choose from woodlands, desert, polar, and city-scape. Sorry, but right now we are on a bring-your-own-ammo belt tightening stance.
Your revolution will never work if you recruit little *****-men to fight the battle.
Quote from: Exterminator on July 15, 2009, 10:28:53 AM
Your revolution will never work if you recruit little *****-men to fight the battle.
That's MISTER little *****-men to you.................uh.......I mean uh........never mind.
Yah know Ex, we have to have somebody to run the diversionary portion of the plan. . . They almost always get slaughtered anyway so. . . :icon_twisted: :biggrin:
Quote from: Palehorse on July 15, 2009, 10:41:10 AM
Yah know Ex, we have to have somebody to run the diversionary portion of the plan. . . They almost always get slaughtered anyway so. . . :icon_twisted: :biggrin:
Good point. :yes:
I'm guessing it's a safe bet it'll be the first uniform Scump's ever worn.
Quote from: LOsborne on July 14, 2009, 07:42:17 PM
Obviously, you haven't read many days back. I advocate revolution. In fact, I actively recruit. In my perfect future, this country has been replaced by about six smaller nations (with mutually advantageous trade and defense agreements), so our money goes to address the problems which actually concern us! In my world, Katrina victims would get foreign aid ... after we fix the roads around here. And the California wildfire victims could apply for help, but not at the expense of my schools.
If you are interested, I need your sizes, and your camo preference. Choose from woodlands, desert, polar, and city-scape. Sorry, but right now we are on a bring-your-own-ammo belt tightening stance.
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oh for cryin-out-loud....ahahhahahahhaahAAHAHAHHAHHAHHAAHA
You musta took those Rambo movies seriously. But you're right about one thing, I haven't read any old htreads. ( why would I ) If I had, I wouldn't have given you the time of day to begin with... lol
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Quote from: Exterminator on July 15, 2009, 11:23:21 AM
I'm guessing it's a safe bet it'll be the first uniform Scump's ever worn.
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82nd Airborne/ 3rd Brigade Combat/ 3BCT Special troops..
3 Campaign clusters...( Tet Offensive, Mekong Delta ) 1 Purple heart. ( Cambo border )
& yes, I would spit in your ass, given the opp.
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Quote from: Philodox on July 15, 2009, 06:57:04 PM
82nd Airborne/ 3rd Brigade Combat/ 3BCT Special troops..
3 Campaign clusters...( Tet Offensive, Mekong Delta ) 1 Purple heart. ( Cambo border )
Isn't it great how you can be anyone you want on the internet?
Quote& yes, I would spit in your ass, given the opp.
You'd like that; wouldn't you?
Quote from: Exterminator on July 16, 2009, 09:16:09 AM
Isn't it great how you can be anyone you want on the internet?
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If that were true, why would keep being the same boring, ill-educated zero that you are ?
You'd like that; wouldn't you?
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I wouldn't go out of my way to give ya anything.
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Quote from: Exterminator on July 16, 2009, 09:16:09 AM
Isn't it great how you can be anyone you want on the internet?
You'd like that; wouldn't you?
Quote from: Philodox on July 16, 2009, 01:21:32 PM
If that were true, why would keep being the same boring, ill-educated zero that you are ?
LMAO! Because you are such the scholar; right? Seriously, Scump, you should quit trying to pretend you're something you're not and try to be happy with who you really are...as pathetic as it is.
Ex, while you and Philo (T. Farnsworth?) are chatting, could you give him some remedial help in keyboard commands? His "quotes" often contain verbage not found in the original of the poster being quoted. While the SCOTUS says altering quotes is not always libelous, the criteria for deciding seems to be the presence or absence of malice.
http://www.questia.com/PM.qst?a=o&d=80925754
Can we all agree that Philo's posts have taintings of malice? So a quick tutorial on how the quote function works would be a praiseworthy act on your part.
I believe he doesn't know how to insert smilies as well, since he often ridicules those who do. :think:
You can't fix stupid.
Seems to think it's a virtue.