Skip to comments.Friday Night Dump: CBO Admits Error, Now Expects Another $600 Billion In Deficits..
Posted on 01/04/2013 5:13:40 PM PST by Perdogg
Two weeks ago, when we commented on the biggest farce in financial thinking at the time (promptly replaced by the even more lunatic platinum coin "idea"), namely that one of the main "spending cut" proposals of the Obama administration, amounting to $290 billion, was the assertion that the US will save hundreds of billions because, get this, interest rates are now lower than they were before. We commented as follows:
(Excerpt) Read more at zerohedge.com ...
What a way to run a government. Kneejerk reactions to one “crisis” after another. I don’t know if I can stand another four years of incompetent, Marxist hippies and professional college kids running the government of what once was the greatest country the world has ever known.
Unbelievable! What a bunch of incompetent boobs.
Detestable people. The lowest of the low. Guttersnipes. Trash sniffing trolls. Evil in its purest form.
this was no error.
they were told to sit on this until now. it only is being reported as an error.
Every member of the CBO should be fired for gross incompetence. The government bullies would certainly be hounding the bankers who would make much less egregious errors than this.
Of course, this was no “error” but another cover-up for the financial disasters proposed by Obama, just as the CBO did durning the ObamaCare debate when they said it wouldn’t cost a trillion dollars.
For comparison, when the Democrat controlled Congress replaced the GOP controlled Congress in January, 2007, the deficit was a 9-11 induced 165 billion AND SHRINKING.
Guess that deficits and debt are no big deal with a democratic admin.
I mean what's a few TRILLION dollars among friends?
Isn't it crazy that Ross Perot talked about the interest on the National debt of 4 trillion being "insane"?
Now obama spends that much in 2 years. The deficit. Not the debt.
And the DEBT is 17 TRILLION, and will be over 20 TRILLION by the time the next POTUS is inaugurated.
Is that classified as a government “whoopsie”?
Iirc. Cal is predicting a bigger deficit six weeks after voting tax increases
600 billion here, 600 billion there, pretty soon your talking about real money.
Every 5 Trillion dollars represents an inflation adjusted expenditure for the ENTIRE 4 YEARS of WWII.
Perdogg - can you re-post into breaking news — article too good to get lost over here to just the 9 of us.
You can always hit abuse and ask the mods to move it to breaking. Which it should be.
Now we know how Dark Helmet felt like in “Spaceballs”
Added news/current events and breaking news.
Damn them. I’ve already lost count over how many times they’ve “revised” 0bamacare costs upward. And this is the CBO? Good Lord.
The 9/11/2001 attack is still in progress led by democrats and Muslim Obama - a 12 year long Pearl Harbor.
This should be a teachable moment for Barry on what “math” is all about.
Unicorns. ... send in the unicorns.
The democrats don’t care about the debt and never have, they were just using the debt complaints back then as a wedge issue to divide the conservative base. Call us hypocrits hoping that we would turn on ourselves.
Well, warm up the platinum press again, boys...
DISMANTLE the CBO. DEFUND all socialist collectives/schemes, foreign and domestic. REDUCE Congress (state and federal) to part-time jobs with little pay, no medical, no retirement, no staff, no insurance, no perks.
“—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”