Posted on 01/12/2008 1:09:11 PM PST by K-oneTexas
“An Office of Management and Budget (OMB) study revealed that the federal deficit for 2007 would have been 69.2 percent higher if the government used the same accounting methods that private companies are required to use.”
Which is a good thing to point out, seeing that the federal government and a private company are so analogous, particularly in their financial toolset. It’s also a good point to make because it makes it sound to the lay person like the “understatement” of the federal deficit is a new thing, and perhaps unique to the United States.
Glad to see Walker continue to make the rounds.
To his credit, Glenn Beck interviewed Walker last week. Most of America is sleeping. I am dreading the future.
Are you suggesting that the government should sell their federal lands, or that they already did? ;)
We’re so used to getting jacked by these fools, we’re no longer even paying attention - and they get away with it.
What a mess we’re leaving behind. The greatest generation is being followed what can arguably be described as the worst generation.
How sad.
The GOP has tried to reform medicare and social security, and the Dems just lie and demogogue. This is a problem that the Democrats created, and it’s not going to be solved until the Dems admit that they lied, and take upon themselves the responsibility of pushing thru Congress a bill to fix this problem.
btt
What the GOP nominee should say is that if the Dems can pass a bill that fixes social security, he’ll sign it no matter what it says. In short, “I defer to the Dems on this.” No matter what the Dems do, they will go down with the ship.
It’s not just the Congress Critters. It’s also George Bush and all of us.
I don’t suppose anyone knows what the real M3 figure is now that they stopped reporting it? After hundreds of billions have been pumped into the money supply without being publicly recorded?
That’s why they got rid of M3. People would see how much actually was being added to the money supply and start seeing what was going on.
My sarcastic reply that the generation who basked in the Roe V Wade ability to abort their unwanted babies (the boomers) are now going to go after their parents and abort them (euthanasia) because they are now inconvenient and even older than they are, and it makes more sense to allocate funds for the “younger elderly” rather than those almost at the end of their lives.
I wonder if the boomers know how well THEIR kids learned from them...
ping
Well, sure. They are grabbing the steering wheel and crashing the car on purpose, hoping to kill the Republican driver because they have an air bag in the form of public stupidity that will shield them from harm. After which, they get to drive what's left of the car - which to them, is preferable to serving as a passenger in a working vehicle and studying for the driver's test so that they might one day be legally permitted to operate it. ;)
What the GOP nominee should say is that if the Dems can pass a bill that fixes social security, hell sign it no matter what it says. In short, I defer to the Dems on this. No matter what the Dems do, they will go down with the ship.
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Even in that instance the GOP will be blamed by the media... The RAT solution will be to double the “employer” portion of the tax, and amnesty for illegals with them paying in but restricting their ability to collect... they will also raise the age at which you can collect to at least 72...
Let them do it, then blame it on them. Tell them “I’ll sign it, but I’ll still blame you for it, unless I think it’s a good bill.”
The truth is that even if they were to pass such a bill, it would not fix social security. They haven’t got the guts to pass a bill that would actually fix it.
not as dire as this commentator suggests.
Exactly, Congress is in financial trouble if they try to pay off their debt early, so give them a 300 year time horizon, and protect the Tax Payers and Opportunity Seekers from Congressional Spending Excesses by low tax rates. (New tag line)
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