Thread:

Hey libs! Your plan in right on track!

The U.S. federal government's budget deficit widened in November compared to October, a sign that the nation is on a path to its fifth straight $1 trillion-plus deficit. The budget gap rose to $172 billion in November, up from $120 billion in October, the Treasury Department said Wednesday. The November deficit was also 25 percent higher than the same month last year.

News from The Associated Press

Makes you want to cry. I cant beleive how some of the liberals I know think we should do away with the debt ceiling all together.

They're expecting a $1.6T deficit next year, and that's with overoptimistic economic recovery numbers.

Originally Posted by MSDC

Never can I remember in history, that a single generation was witness to the destruction of a powerful and mighty country from within. We are watching this thing crumble daily, I feel helpless to do anything at this point.

Yes, I too do not believe the acceleration curve to socialism has ever been this prominent in any society. Helpless feeling...

Where is Rod when you need another "Thanks Barrack?"

Originally Posted by The Doctor

Where is Rod when you need another "Thanks Barrack?"

I've been busy robbing from the rich and giving to the poor Doc. Actually I've just been busy. I copied and pasted the last part of the article in case you fell asleep before you got to the end. I'm sure you read the part about the caledar quirk as well.

In all seriousness, yes we need to reverse this direction with massive reform.

"The government has run annual deficits for more than a decade and hit a record $1.41 trillion in 2009, Obama's first year in office. That was largely because of the worst recession since the Great Depression. Tax revenue plummeted during the downturn, while the government spent more on stimulus programs.

The budget gaps in 2010 and 2011 were slightly lower than the 2009 deficit as a gradually strengthening economy generated more tax revenue.

President George W. Bush also ran annual deficits through most of his two terms in office after he won approval for broad tax cuts and launched wars in Afghanistan and Iraq.

The last time the government ran an annual surplus was in 2001."

Originally Posted by RodnJen

The last time the government ran an annual surplus was in 2001."

Only totally ignorant, or "look over there" democrates make that assine statement. YOU making this stupid ass statement is not surprising to me in the slightest. You have tried this many times in the past. You get an "A" for persistence, and a "A" in stupidity to keep trying to sell this bullshit!
There was only a surplus because slick Willie moved the highway tax money into the general fund and for no other reason. Anybody that claims anything else is dumb as a brick. Its not a well hidden fact.

Its no different that the last great socialist LBJ moving SS onto the general fund to make his "great society" look less painful to the budget. Smoke and mirror tactics. If Ford or Apple tried that shit, the CEO would be in jail. Look at Enron if you want to see how the democrates conduct business accounting. Pretty much the same. Only the democrates blame wealthy people for being greedy and demand they fix the problems they caused.

Nice try Rod, but you're not getting away with it like you mentor Clinton did. We've all seen that trick already.

BTW, since slick Willy moved the funds, how much of it have they used to build hiways, and how much did it add to the national debt because it wasn't kept seperate like it was setup to be. Why was 1 dime of money spent on "shovel ready" road building added to the national debt. That SHOULD have bee seperate like SS was. Now, SS is a bad thing because it too adds to the debt. But it was never intended to. And the BORROWER can't even make good on the interest and repayments of the borrowed funds. But its the LENDER thats made out to be the bad guy. Sound familiar?

Did the working public (lender) take advantage of ignorant uneducated politicians that weren't fully aware of the loan aggreement and had no idea that they would have to pay back more than they borrowed(interest)?



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Originally Posted by RodnJen

I've been busy robbing from the rich and giving to the poor Doc.

While I know you made this statement tongue-in-cheek, it happens to be absolute truth. You couldn't be more wrong about who did the spending and when however.



Now you surely are aware that your hero has planned to increase spending exponentially, right? Check it out Rod:

Funny how both Nobama and the liberal news media constantly throw this statement around. Why cant they just say, the recession?

Originally Posted by RodnJen

I've been busy robbing from the rich and giving to the poor Doc. Actually I've just been busy. I copied and pasted the last part of the article in case you fell asleep before you got to the end. I'm sure you read the part about the caledar quirk as well.

In all seriousness, yes we need to reverse this direction with massive reform.

"The government has run annual deficits for more than a decade and hit a record $1.41 trillion in 2009, Obama's first year in office. That was largely because of the worst recession since the Great Depression. Tax revenue plummeted during the downturn, while the government spent more on stimulus programs.

The budget gaps in 2010 and 2011 were slightly lower than the 2009 deficit as a gradually strengthening economy generated more tax revenue.

President George W. Bush also ran annual deficits through most of his two terms in office after he won approval for broad tax cuts and launched wars in Afghanistan and Iraq.

The last time the government ran an annual surplus was in 2001."

Originally Posted by RitcheyRch

.... Why cant they just say, the recession?

The same reasons they no longer make reference to the "working class"....it is now the "POOR working class" and the "rich or wealthy"...are now it is the "SUPER RICH & SUPER WEALTHY". When you are speaking to the "simple minded", these little "adjectives" sink in....say it enough and and they believe it as truth ...

Originally Posted by SNiC

The same reasons they no longer make reference to the "working class"....it is now the "POOR working class" and the "rich or wealthy"...are now it is the "SUPER RICH & SUPER WEALTHY". When you are speaking to the "simple minded", these little "adjectives" sink in....say it enough and and they believe it as truth ...

Russia used the same wording in overthrowing the Czars and instituting communism/socialism (communism is a theory as it never works out - turns to socialism). We saw how that worked out for the people of the former USSR.

Originally Posted by wolfie

Russia used the same wording in overthrowing the Czars and instituting communism/socialism (communism is a theory as it never works out - turns to socialism). We saw how that worked out for the people of the former USSR.

And Putin is currently dumbfounded and looking at us is disbelief as we are totally disregarding the lessons of their past history.

Russian Prime Minister Vladimir Putin is on a rhetorical roll this summer when it comes to criticizing the United States on economic matters.

A month after calling U.S. monetary policy "hooliganism," Putin accused the U.S. of "living like parasites" off the global economy and said the "monopoly" of the dollar is threatening markets worldwide, Reuters reported.

Speaking to a pro-Kremlin youth group north of Moscow on Monday, Putin said Americans are "living beyond their means" and that irresponsible U.S. fiscal policies will have a negative impact on other countries - like Russia and China - who hold a large amount of U.S. bonds and treasuries

"If over there (in America) there is a systemic malfunction, this will affect everyone," Putin said.

Last month, Putin sharply criticized the U.S. for printing money to bolster the U.S. dollar.

Doc, spening "isn't" the problem it HAS BEEN the problem for a very long time along with a meandering and very preferential tax code.