What ever happened to those ‘Tax & Spend’ Democrats?

Discussion in 'Politics' started by Darwins Friend, Apr 13, 2006.

  1. Darwins Friend
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    Government Spending Hits Record in March

    By MARTIN CRUTSINGER, AP Economics WriterWed Apr 12, 6:08 PM ET

    Government spending hit an all-time high for a single month in March, pushing the budget deficit up significantly from the red-ink level of a year ago.

    In its monthly accounting of the government's books, the Treasury Department reported Wednesday that federal spending totaled $250 billion last month, up 13.7 percent from March 2005.

    Government receipts also were up, rising 10.6 percent from a year ago, to $164.6 billion. That left a deficit for the month of $85.5 billion, a record imbalance for March.

    Treasury Department officials said that half of the growth in outlays for March represented a $15 billion shift in payments for certain government benefit programs, including Medicare, into March rather than April. The benefit payments were made early because April 1 fell on a Saturday.

    The March outlay record of $250 billion surpassed the old mark of $232 billion set in February.

    Even though the deficit was a record for March, it was below the all-time monthly high of $119.2 billion, which was set in February.

    So far through the first six months of this budget year, which began in October, the deficit totals $303 billion, an increase of 2.8 percent over the deficit in the first six months of the 2005 budget year.

    The administration is forecasting that the deficit for this budget year, which will end Sept. 30, will hit a record $423 billion, surpassing the old mark in dollar terms of $413 billion set in 2004. The administration says the costs of the war in Iraq and reconstruction spending from the Gulf Coast hurricanes will drive the deficit higher.

    The Congressional Budget Office is forecasting that the deficit will total $371 billion this year, and many private forecasters believe the red ink will be even lower, noting that the healthy economy has pushed revenues up sharply.

    Through the first six months of this budget year, revenues have totaled $1.04 trillion, up 10.5 percent from the same period a year ago.

    Spending during this six-month period totals $1.34 trillion, up 8.7 percent from the same period in 2005.
     
  2. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    Those "tax and spend" democrats are now refered to as neo-conservatives.
     
  3. theHawk
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    theHawk Registered Conservative

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    I think the Tax and Spend Democrats are still around. I certainly don't hear Dems today asking to have all welfare systems cut out of our government or to suspend tax dollars from going to foreign aid and to idiotic ideas like "fighting AIDs" in other countries.
     
  4. 5stringJeff
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    5stringJeff Senior Member

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    As much as the GOP leadership is out of control with spending, there are still Democrats complaining that we don't spend enough on the poor, or on health care, or on roads, or on the military, etc. etc. etc.
     
  5. dilloduck
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    dilloduck Diamond Member

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    Exactly--they're still there alright. And envious as hell that they are getting to spend the bucks on the issues that they are so fond of.
     
  6. Darwins Friend
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    Wow. Had to go pull the needle from the ‘troglodyte meter’ out of the wall!

    :eek:
     
  7. Bonnie
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    Bonnie Senior Member

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    Oh yes!!
     
  8. 5stringJeff
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    5stringJeff Senior Member

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    So you think that American tax dollars should be used to fund the health programs of irresponsible African dictators?
     
  9. theHawk
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    theHawk Registered Conservative

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    Yea I know, I'm one of those whacky people that believe charities should get their money from donations. And somehow I doubt that these "good causes" we fund with our taxpayers is actually being used they way we want it to. Most likely its squandered in these governments that are far more corrupt than our own.
     
  10. Darwins Friend
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    A million lives have been saved in Africa alone - already suffering from the highest percentage of orphans on the planet - per capita. Giving them condoms and showing them what their for isn’t going to make little Evangelical Johnny wack off here in the States, for Christ’s sake - the programs save lives. You just don’t give a shit cause they happen to have black faces. Watch what’s happening with the bird flu - travelling the flight paths of bird migrations to realize what can just as easily happen on a 747. Bigot.
     

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