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actually notlook for itObama will have a substantial surplus for the next few years, but it will be heading downward, where it was heading upward under Bush. 2008 being the peak year, 2009 should be close in revenue to 2008, but will gradually come down.
congress will likely increase the max threshold for paying SSI and FICA
That step will almost certainly happen at some point, but that in itself will not be nearly enough. Raising the age when benefits can first be taken is the most logical and cost effective way to reduce overall costs without cutting benefits drastically. By reducing the amount of years people can collect, we can keep the benefits at current levels; people just will have to wait longer before they can collect on them. This will be even more important when looking at Medicare, which has a much bigger shortfall than SS.
President Obama will implement universal medicare for all Americans. No longer will the brothers be without health insurance.
I hope it works better than it does in England.
After only two months, we're beginning to see what a mess Obama and the Dems are about to create. I was willing to give Obama a chance, but based on what his own people are telling us, we can't afford to give him a chance. We need change now. The path he is putting us on has to be changed. When he said he was bringing change to Washington, I don't think anyone believed it was to destroy the US economically, but that is what is about to take place if people don't start demanding real change.
Audit Finds Dire Deficits in Obama BudgetBy ANDREW TAYLOR, AP
posted: 28 MINUTES AGOcomments: 121filed under: National News, The Obama PresidencyPrintShareText SizeAAAWASHINGTON (March 20) President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.
The new Congressional Budget Office figures offered a far more dire outlook for Obama's budget than the new administration predicted just last month a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable.
Audit Finds Dire Deficits in Obama Budget
I haven't read the thread yet, but I'm of the opinion that destroying the US economy is his goal, how could anyone be so stupid as to try to implement what he's suggesting at this point?
http://www.nytimes.com/2009/03/22/opinion/22rich.html?_r=2&partner=rssnyt&emc=rss
Has a Katrina Moment Arrived?
By FRANK RICH
A CHARMING visit with Jay Leno wont fix it. A 90 percent tax on bankers bonuses wont fix it. Firing Timothy Geithner wont fix it. Unless and until Barack Obama addresses the full depth of Americans anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., in a letter to the editor published by The Times last week: President Obama may not realize it yet, but his Katrina moment has arrived.
Six weeks ago I wrote in this space that the countrys surge of populist rage could devour the presidents best-laid plans, including the essential Act II of the bank rescue, if he didnt get in front of it. The occasion then was the Tom Daschle firestorm. The White House seemed utterly blindsided by the publics revulsion at the moneyed insiders culture illuminated by Daschles post-Senate career. Yet last weeks events suggest that the administration learned nothing from that brush with disaster....
Annie we are in agreement there is no way in hell Joe six pack should be helping to fund Bill Gates' retirement by an amount that for Gates is essentially peanuts. If your retirement income sans social security is in the six plus figure range you don't need anything from the tax payers to help you out.
Not entirely true about Hillary ... she would have been far better than Obama.
Bush leaves US a pile of shit and it's all Obama's fault 54 days later that we havent' fixed it.
The American Citizen feels that the people that have handled the financial decisions in this nation are little more than thieves. The AIG bonuses confirmed their feelings, and as we investigate the bonuses in the banking industry, I am sure that we will find the same.
When this debacle is behind us, we will be a very differant nation, and you Conservatives will have made yourselves irrelevant in the decisions as to what kind of nation that we will be.
You mean the AIG bonuses that the Dems wrote in to the bill they should have gotten? How about asking Franklin Raines to give back his 90 million dollars he made running Fannie Mae or Freddie Mac into the ground. I am sure you Libs agree that he should not have made that kind of money from a failed company...right? Why is Barney Frank not trying to pass legislation to tax Raines' money at 90%. Does it have anything to do with Frank's boyfriend that works for Fannie Mae. What about Jamie Gorelick. Should they tax her almost 800 thousand she made with her involvement with Fannie Mae.
If we are putting the spotlight on 1 area of corruption, should we not look at all equally.
Let's lose all of this hypocrisy and look at things without the partisan glasses on as the corruption and faux outrage crosses party lines.
http://www.nytimes.com/2009/03/22/opinion/22rich.html?_r=2&partner=rssnyt&emc=rss
Has a Katrina Moment Arrived?
By FRANK RICH
A CHARMING visit with Jay Leno wont fix it. A 90 percent tax on bankers bonuses wont fix it. Firing Timothy Geithner wont fix it. Unless and until Barack Obama addresses the full depth of Americans anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., in a letter to the editor published by The Times last week: President Obama may not realize it yet, but his Katrina moment has arrived.
Six weeks ago I wrote in this space that the countrys surge of populist rage could devour the presidents best-laid plans, including the essential Act II of the bank rescue, if he didnt get in front of it. The occasion then was the Tom Daschle firestorm. The White House seemed utterly blindsided by the publics revulsion at the moneyed insiders culture illuminated by Daschles post-Senate career. Yet last weeks events suggest that the administration learned nothing from that brush with disaster....
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
did president bush have these ''smarts'' that you say in 2 months, obama is ''lacking''?
you guys bitching day and night, are just a tad tooooo much zoom.... imho, it becomes meaningless....other than just whining about a bunch of nothings, hoping you can bring our country DOWN i suppose, and bring our president down to score some political posturing....
sad really....
where have you been for the last 8 damn years!!!!!!!!!!!!
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
did president bush have these ''smarts'' that you say in 2 months, obama is ''lacking''?
you guys bitching day and night, are just a tad tooooo much zoom.... imho, it becomes meaningless....other than just whining about a bunch of nothings, hoping you can bring our country DOWN i suppose, and bring our president down to score some political posturing....
sad really....
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
did president bush have these ''smarts'' that you say in 2 months, obama is ''lacking''?
you guys bitching day and night, are just a tad tooooo much zoom.... imho, it becomes meaningless....other than just whining about a bunch of nothings, hoping you can bring our country DOWN i suppose, and bring our president down to score some political posturing....
sad really....
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
did president bush have these ''smarts'' that you say in 2 months, obama is ''lacking''?
you guys bitching day and night, are just a tad tooooo much zoom.... imho, it becomes meaningless....other than just whining about a bunch of nothings, hoping you can bring our country DOWN i suppose, and bring our president down to score some political posturing....
sad really....
If the past couple of months are any indication, Bush may turn out to be a better President than Obama.
The problem is, he doesn't have any policy smarts or political gifts. He has the gift of giving speeches, of reading the teleprompter so convincingly, of seeming to give answers when in fact he never really answers anything. He's quite the show man. I believe things are right on course, as far as his agenda is concerned.
did president bush have these ''smarts'' that you say in 2 months, obama is ''lacking''?
you guys bitching day and night, are just a tad tooooo much zoom.... imho, it becomes meaningless....other than just whining about a bunch of nothings, hoping you can bring our country DOWNi suppose, and bring our president down to score some political posturing....
sad really....
