9.1 trillion dollar deficit.

[PatekPhilippe]

There was an article on MSNBC today that discussed the budget deficit. They reported that the curent budget deficit was 1.4 trillion dollars as of the end of FY 2009. Obama's 2010 budget contained a 1.7 trillion dollar budget deficit. That's up 300 billion or so....
Now..read this little tidbit:

The Obama administration projects deficits will total $9.1 trillion over the next decade unless corrective action is taken.

What the F*CK does this mean? Does Obama know that his wreckless spending will double the National Debt? Or is he setting us up for justifying a massive tax increase on all working Americans?

Where is this money going to be spent?

Federal deficit triples from year ago - More politics- msnbc.com

 

[Fatality]

obam is trying to turn the US into a third world ghetto to remind him of home.

 

[PatekPhilippe]

 

[editec]

They're about the business of DEVALUING the dollar.

Now, there's good outcomes of that event and bad ones.

The bad ones are obvious to most of you so I won't waste your time on that.

The good outcomes of a devalued dollar?

It begins to curtail us buying stuff made offshore.

And THAT encourages manufacturing here.

We need some inflation, folks, we really do.

There is not enough liquidity in our system right now.

the FED should be buying US bonds from the banks to give the banks liquidity so they're start lending to busiesses so we can get this econopmy rolling again.

It also makes the debts we have overseas less painful to pay.

 

[strollingbones]

i dont think many people can even conceive of a trillion dollars...here is my question...scare me...what comes after a trilllion? cause we are gonna be there without radical change....but this has been a run away train for a while. military spending does not stimulate an economy as would the same dollar spend in the civilian sector.

 

[PatekPhilippe]

Thank you for the responss.

editec raises excellent points. About the only thing I could add would be that a devalued dollar means that we borrowed money very cheaply from China and other sponsors of our debt. I agree that we need some inflation....and to add this...the Fed IS buying U.S. treasuries...to the tune of nearly 2 trillion dollars thus far ....where do you think all of that TARP and STIMULUS money came from?

strollingbones....say "Quadrillion". That's the next step after $999,999,999,999,999.99 All areas of government spending need to be cut. I don't think any sector should be spared....fair is fair.

 

[Skull Pilot]

U.S. National Debt Clock : Real Time

 

[Ame®icano]

They're about the business of DEVALUING the dollar.

Now, there's good outcomes of that event and bad ones.

The bad ones are obvious to most of you so I won't waste your time on that.

The good outcomes of a devalued dollar?

It begins to curtail us buying stuff made offshore.

And THAT encourages manufacturing here.

We need some inflation, folks, we really do.

There is not enough liquidity in our system right now.

the FED should be buying US bonds from the banks to give the banks liquidity so they're start lending to busiesses so we can get this econopmy rolling again.

It also makes the debts we have overseas less painful to pay.

Inflation is another form of taxation. The government for sure prefers any taxation they can get. Inflation serve its purpose if helps to show bullish market where the price of paper assets rrising in value making everyone feel that they were wealthier, when practically they are not. I'd rather see the wealth created through the means of production or through savings.

 

[PatekPhilippe]

OK. I know most Americans gave Obama the benefit of the doubt when he was running for President and after he was elected. One of his statements justifying his 2010 budget deficit was:

"We have to deficit spend now to save money in the future."

Well...how is a projected 9.1 trillion dollar deficit a savings in the future?

Can someone please explain this math to me...What exactly are we saving? It sure as hell isn't money.

 

[PatekPhilippe]

Why is it when Democrats in government promise us savings we always see our deficit and the National Debt reach new highs?

 

[VaYank5150]

Why is it when Democrats in government promise us savings we always see our deficit and the National Debt reach new highs?

Nice broad brush. Tell me again who the last President was who balanced the budget?

 

[LibocalypseNow]

And the hits just keep coming for this administration. Looks like it's time for the Socialists to start going after those "Evil" Potato Chip eaters and Soda drinkers now. The Socialists are going to invent all sorts of new ways to steal from the people. They will now begin their Witch Hunts against all those "bad" fat people by punishing them with punitive taxation on their food and drink. They will then move on to punish those "Evil" smokers and SUV drivers too. They will have to of course create their Global Warming Gestapo to punish those terrible "wasteful" citizens as well. And so on and so on...The Socialists have completely bankrupted our nation and now it's time for them to blame and punish the people for that.

I have always said that Socialists/Communists always end up turning on their own people. People used to laugh at me for supposedly being "Paranoid" but they're all going to find out very soon that i was right all along. Our current President has already declared War on his own people by conducting aggressive Witch Hunts against any in the Media who dare to criticize him. The Socialists/Communists will now punish their people for their own crimes they've committed against our nation. This happens in all nations ruled by Socialists/Communists. Why punish the people for what the Government has done? I didn't have a say in what our politicians did in Washington. Did you? I didn't tell them to bankrupt our nation by bailing out their buddies on Wall Street. They certainly never consulted me on that stuff. But don't worry though because i'm sure they're just going to tell the citizens that "It's all for your own good." Unfortunately when the Government starts telling its citizens that "It's for your own good",you just know they're getting ready to take more of your Freedoms & Liberties away. Pretty depressing stuff in the end.

 

[VaYank5150]

And the hits just keep coming for this administration. Looks like it's time for the Socialists to start going after those "Evil" Potato Chip eaters and Soda drinkers now. The Socialists are going to invent all sorts of new ways to steal from the people. They will now begin their Witch Hunts against all those "bad" fat people by punishing them with punitive taxation on their food and drink. They will then move on to punish those "Evil" smokers and SUV drivers too. They will also have to create their Global Warming Gestapo to punish those terrible "wasteful" citizens as well. And so on and so on...The Socialists have completely bankrupted our nation and now it's time for them to blame and punish the people for that.

I have always said that Socialists/Communists always end up turning on their own people. People used to laugh at me for supposedly being "Paranoid" but they're all going to find out very soon that i was right all along. Our current President has already declared War on his own people by conducting aggressive Witch Hunts against any in the Media who dare to criticize him. The Socialists/Communists will now punish their people for their own crimes they've committed against our nation. This happens in all nations ruled by Socialists/Communists. Why punish the people for what the Government has done? I didn't have a say in what our politicians did in Washington. Did you? I didn't tell them to bankrupt our nation by bailing out their buddies on Wall Street. They certainly never consulted me on that stuff. But don't worry though because i'm sure they're just going to tell the citizens that "It's all for your own good." Unfortunately when the Government starts telling its citizens that "It's for your own good",you just know they're getting ready to take more of your Freedoms & Liberties away. Pretty depressing stuff in the end.

You obviously do not smoke. If you did, you would know that smokers have been targeted for additional taxation for years. I am 110% in favor of spreading this around to those "bad" fat people and "evil" sugary soda drinkers, potato chip eaters and fast food diners. None of those bastards cared about the additional taxes we smokers have been paying, so I say FUCK ALL OF YOU and welcome to the party!

 

[PeterS]

What the F*CK does this mean? Does Obama know that his wreckless spending will double the National Debt? Or is he setting us up for justifying a massive tax increase on all working Americans?

Bush Jr doubled debt and Reagan tripled debt so let me ask you the same questions: Did they know their reckless spending would double and triple national debt. Were they setting us up for a massive tax increase on all working Americans?

 

[LibocalypseNow]

The Socialists/Communists will now simply begin their Witch Hunts against their own average American Citizens. "Gotta get those "Evil" fat people and Global Warming violators!!" They themselves bankrupted our nation yet now they're going to punish the Citizens for this. Dark days are coming for sure.

 

[VaYank5150]

The Socialists/Communists will now simply begin their Witch Hunts against their own average American Citizens. "Gotta get those "Evil" fat people and Global Warming violators!!" They themselves bankrupted out nation yet now they're going to punish the Citizens for this. Dark days are coming for sure.

Who was it that started the witch hunt against average American smokers?

 

[saveliberty]

And the hits just keep coming for this administration. Looks like it's time for the Socialists to start going after those "Evil" Potato Chip eaters and Soda drinkers now. The Socialists are going to invent all sorts of new ways to steal from the people. They will now begin their Witch Hunts against all those "bad" fat people by punishing them with punitive taxation on their food and drink. They will then move on to punish those "Evil" smokers and SUV drivers too. They will also have to create their Global Warming Gestapo to punish those terrible "wasteful" citizens as well. And so on and so on...The Socialists have completely bankrupted our nation and now it's time for them to blame and punish the people for that.

I have always said that Socialists/Communists always end up turning on their own people. People used to laugh at me for supposedly being "Paranoid" but they're all going to find out very soon that i was right all along. Our current President has already declared War on his own people by conducting aggressive Witch Hunts against any in the Media who dare to criticize him. The Socialists/Communists will now punish their people for their own crimes they've committed against our nation. This happens in all nations ruled by Socialists/Communists. Why punish the people for what the Government has done? I didn't have a say in what our politicians did in Washington. Did you? I didn't tell them to bankrupt our nation by bailing out their buddies on Wall Street. They certainly never consulted me on that stuff. But don't worry though because i'm sure they're just going to tell the citizens that "It's all for your own good." Unfortunately when the Government starts telling its citizens that "It's for your own good",you just know they're getting ready to take more of your Freedoms & Liberties away. Pretty depressing stuff in the end.

You obviously do not smoke. If you did, you would know that smokers have been targeted for additional taxation for years. I am 110% in favor of spreading this around to those "bad" fat people and "evil" sugary soda drinkers, potato chip eaters and fast food diners. None of those bastards cared about the additional taxes we smokers have been paying, so I say FUCK ALL OF YOU and welcome to the party!

I don't know if Congress will increase your taxes, but one of the latest health insurance proposals allows for rate as high as double for those with cholestrol problems or over weight.

 

[VaYank5150]

And the hits just keep coming for this administration. Looks like it's time for the Socialists to start going after those "Evil" Potato Chip eaters and Soda drinkers now. The Socialists are going to invent all sorts of new ways to steal from the people. They will now begin their Witch Hunts against all those "bad" fat people by punishing them with punitive taxation on their food and drink. They will then move on to punish those "Evil" smokers and SUV drivers too. They will also have to create their Global Warming Gestapo to punish those terrible "wasteful" citizens as well. And so on and so on...The Socialists have completely bankrupted our nation and now it's time for them to blame and punish the people for that.

I have always said that Socialists/Communists always end up turning on their own people. People used to laugh at me for supposedly being "Paranoid" but they're all going to find out very soon that i was right all along. Our current President has already declared War on his own people by conducting aggressive Witch Hunts against any in the Media who dare to criticize him. The Socialists/Communists will now punish their people for their own crimes they've committed against our nation. This happens in all nations ruled by Socialists/Communists. Why punish the people for what the Government has done? I didn't have a say in what our politicians did in Washington. Did you? I didn't tell them to bankrupt our nation by bailing out their buddies on Wall Street. They certainly never consulted me on that stuff. But don't worry though because i'm sure they're just going to tell the citizens that "It's all for your own good." Unfortunately when the Government starts telling its citizens that "It's for your own good",you just know they're getting ready to take more of your Freedoms & Liberties away. Pretty depressing stuff in the end.

You obviously do not smoke. If you did, you would know that smokers have been targeted for additional taxation for years. I am 110% in favor of spreading this around to those "bad" fat people and "evil" sugary soda drinkers, potato chip eaters and fast food diners. None of those bastards cared about the additional taxes we smokers have been paying, so I say FUCK ALL OF YOU and welcome to the party!

I don't know if Congress will increase your taxes, but one of the latest health insurance proposals allows for rate as high as double for those with cholestrol problems or over weight.

And potato chips, sugary sodas and fast food are all next. Get ready for it!

 

[Polk]

OK. I know most Americans gave Obama the benefit of the doubt when he was running for President and after he was elected. One of his statements justifying his 2010 budget deficit was:

"We have to deficit spend now to save money in the future."

Well...how is a projected 9.1 trillion dollar deficit a savings in the future?

Can someone please explain this math to me...What exactly are we saving? It sure as hell isn't money.

I'd be interested in seeing how much of the shortage comes from Medicare spending that's beyond the revenue stream (I'm going to guess it's a pretty large amount).

 

[PatekPhilippe]

What the F*CK does this mean? Does Obama know that his wreckless spending will double the National Debt? Or is he setting us up for justifying a massive tax increase on all working Americans?

Bush Jr doubled debt and Reagan tripled debt so let me ask you the same questions: Did they know their reckless spending would double and triple national debt. Were they setting us up for a massive tax increase on all working Americans?

So this justifys Obama's wreckless spending?