Numbers regarding the deficit look worse than ever

Discussion in 'Politics' started by jeffrockit, Apr 6, 2010.

  1. jeffrockit
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    jeffrockit Senior Member

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    The federal government is running massive budget deficits and is expected to continue to do so indefinitely. The Congressional Budget Office (CBO) projects the Obama budget plan would produce $10 trillion in deficits over the period 2011 to 2020. At the end of the decade, the government’s debt would top $20 trillion, or 90 percent of the nation’s GDP. By comparison, from 1789 to 2008, the country accumulated only $5.8 trillion of public debt.

    Tax Collecting for Obama’s Welfare State - James C. Capretta - Critical Condition on National Review Online

    How much is Obamacare going to "save"?:eusa_liar:
     
  2. uscitizen
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    uscitizen Senior Member

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    This has been inevitable for some time. We are just icing the cake now.

    in all fairness the war is now in the official budget.
    Which bumps it up substantially.
     
  3. jeffrockit
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    jeffrockit Senior Member

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    Yes but for 119 years vs 1 1/2 and there were many wars through that time period.
     
  4. uscitizen
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    uscitizen Senior Member

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    Reagan inherited a nation debt of 700 billion if I remember correctly.
    We went sharply uphill ever since.
    Clowntyoon was getting a handle on a balanced budget, but then Bush added another 5 trillion or so and that combined with the worst recession in recent history pretty much guaranteed screwing the pooch. Then a few trillion on the war and reconstruction money...

    Then throw in dismal wage growth and jobs leaving America and us becoming a consumer based economy....
     
  5. 007
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    007 Charter Member Supporting Member

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    And even those predictions are pretty rosy. In all reality, it's probably much worse than that. It always is.

    Yes our economy is a train wreck right in the middle of happening. Economist have already warned that we better change course, and RIGHT NOW, or we're going off the cliff. And even if obama hadn't added so much to the deficit, the warnings were that the cuts it *WILL* take to get us back on track, "WILL TEST THE COHESIVE FABRIC OF OUR SOCIETY." Yes, the warnings are dire. There will probably be riots, armed marauding bands of thugs and thieves, or even another all out Civil War. It's coming. I've been saying this for over five years now, right here on this very board, and now the time is near, so very near. If massive cuts in government spending aren't undertaken all but IMMEDIATELY, which you and I both know will NOT happen, I give us five more years at the very most before this country is in full anarchy.
     
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    Last edited: Apr 6, 2010
  6. Xenophon
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    Xenophon Gone and forgotten

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    Barry has a solution, its called a VAT tax, which means the government will tax EVERYTHING.
     
  7. get_involved
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    get_involved Gold Member

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    [​IMG]

    [​IMG]
     
  8. editec
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    editec Mr. Forgot-it-All

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    No...we did not.

    You don't remember that the deficit was going DOWN under Clinton?

    It didn't start to get UP again, until Bush II took office.
     
  9. Claudette
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    Claudette Gold Member

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    You are right. Clinton, with his Rep congress, balanced the budget.

    Bush took office and then 9-11 and war happened. The clowns in Congress were all spending like drunken sailors. Oh yes. Remember it well. The beginning of the deficit woes.
     
  10. editec
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    editec Mr. Forgot-it-All

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    EXACTLY...the deficiet is a Bipartisan disaster.

    The masters don't want an END to the deficiet, folks.

    That's the base mechansim that keeps them in power.

    My god! Surely I cannot be the only person on this board who sees how this ongoing intergenerational system of power and control over our government and our society actually works, can I?
     
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