Posted on 01/31/2010 5:29:42 PM PST by kristinn
Well, if he's not an idiot, why is he a Democrat? ;o)
In the 1980s, the economy, increasingly disoriented by inflation, declined at a rate of 1 percent per year. Employment continued to grow 1.6 percent per year but the 2.6 percent average annual decline in the productivity of the employed was the clearest evidence that only unproductive activities were expanding. This was especially the case of the public sector but it also existed in the private sector,which continued to be strongly protected from foreign competition and involved in financial speculation. Government expenditure during the 1980s represented, on average, 33 percent of GDP, while the fiscal deficit was about 5 percent of GDP. . . .The year 1989 was catastrophic. Government expenditure reached 35.6 percent of GDP and the fiscal deficit climbed to 7.6 percent of GDP. From December to December, inflation almost reached 5,000 percent; at the peak of March 1989 to March 1990, it was over 20,000 percent . . . more
quick tax something
I have an answer to that question....
The proposed FY 2011 budget has factored into it hundreds of $Billions in cap & trade revenues, of course said revenue is not likely to be forthcoming.
Well, here's some context for this deficit:
http://www.pagetutor.com/trillion/index.html
p.s. If he's "off" by 36% again, 2011 will be $1.77 Trillion. or $5 Trillion in three years.
There was a similar report earlier It was something about “cutting costs” by 20 billion (?) by eliminating the advanced earned income tax credit.
So it wasn’t about cutting spending, but raising taxes.
Typical
http://www.reuters.com/article/idUSTRE60T21S20100130
Plummeting tax revenue is the surest proof that there is no recovery.
What you said. AAAAmen, Amen, Amen.
Sure they could have.
They caused this (the communists in the Democrat party, their enablers in the MSM, academe, even the pulpit, and the central bank known as the Federal Reserve).
I disagree. He is not that bright.
He is a good actor — when he’s on teleprompter.
But he is not very bright.
His handlers are extremely clever in a very devious manner.
D..estroying
I..ndependence
O..ver
T..yranny
It was $120 Billion, claimed Obammie the Commie.
But what we found out afterward is that what he is doing is freezing the budget. What he didn’t tell us is that the departments whose budgets he is freezing were going to be cut $120 Billion dollars over the next few years.
So, in fact, he is allowing them to keep that $120 billion by freezing the cutbacks and he is, IN FACT INCREASING SPENDING BY $120 BILLION.
But, but, but he cut 20 billion!
That's catchy sounding.... I like it! It's TEA Party banner/poster material. It has that rally cry feel to it. Let's use it....... with your permission Franky baby...!
I can't speak for anyone else but I live in the physical world not some hypothetical liberal experiment. The right question is where to go, not what or how to change things. That time has passed. I WANT OUT !!!!!
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