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$1 trillion deficits seen for next 10 years
AP via Yahoo ^
| 3/20/09
| ANDREW TAYLOR
Posted on 03/20/2009 11:06:34 AM PDT by maggief
click here to read article
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1
posted on
03/20/2009 11:06:34 AM PDT
by
maggief
To: maggief
CBO says the deficit under Obama’s policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.
—
Incredible! Just incredible!
2
posted on
03/20/2009 11:07:23 AM PDT
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: maggief
These deficits are “for the children”.
srsly
3
posted on
03/20/2009 11:07:35 AM PDT
by
Nervous Tick
(Party? I don't have one anymore.)
To: maggief
That's alright, the Fed will just print $1 trillion in fiat money to give itself. Wait. That already happened.
4
posted on
03/20/2009 11:07:55 AM PDT
by
counterpunch
(Kenya has two presidents. America has Zero.)
To: maggief
that’s what the
hate-the-rich-guys-at-aig
was all about.
5
posted on
03/20/2009 11:08:24 AM PDT
by
ken21
(the only thing we have to fear is fdr deja vu.)
To: maggief
Yep - it’s all part of his agenda - to destroy the nation and spread chaos worldwide.
To: maggief
Every day it seems I’m living in a nightmare and that I’ll wake up soon. This cannot be happening to this great nation. Capitalism and freedom are officially dead. See you at the gun shop.
7
posted on
03/20/2009 11:09:27 AM PDT
by
scottinoc
To: maggief
Massive government debt is “for the children”.
8
posted on
03/20/2009 11:09:31 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: maggief
WH Sleep-bowler 'strikes out'
U.S. President Barack Obama smiles as he is being introduced to speak to representatives of the National Conference of State Legislatures in Washington March 20, 2009. REUTERS/Kevin Lamarque (UNITED STATES POLITICS HEADSHOT)
9
posted on
03/20/2009 11:10:13 AM PDT
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: Obushma; maggief; swarthyguy
Really, is it safe anymore to say Obama is equal to Bush? He far outdoes him.
Still waiting for those “supply side” tax cuts to “grow” us out of our debt.
10
posted on
03/20/2009 11:10:46 AM PDT
by
Shermy
("The whole world has financed the United States, ...they have a reciprocal debt with the planet.")
To: NormsRevenge
I’m amazed the AP would print it!
11
posted on
03/20/2009 11:10:48 AM PDT
by
Mr Rogers
(Obama - Making Jimmy Carter look like a giant!)
To: NormsRevenge
If you add the REAL cost of socialized medicine and the loss in revenue that higher taxes causes, you can probably double that.
12
posted on
03/20/2009 11:11:01 AM PDT
by
Blood of Tyrants
(Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
To: anniegetyourgun
They will beat plowshares into swords before they beat swords into plowshares.
13
posted on
03/20/2009 11:11:20 AM PDT
by
zek157
To: ken21
“thats what the
hate-the-rich-guys-at-aig
was all about.”
Yep, and the cunning stunt on Leno.
14
posted on
03/20/2009 11:11:48 AM PDT
by
maggief
To: anniegetyourgun
CBO’s prediction of over $9 trillion over the next 10 years will guarantee that.
15
posted on
03/20/2009 11:12:53 AM PDT
by
12Gauge687
(Extremism in the defense of liberty is no vice)
To: Blood of Tyrants
Add a T$’s for carbon credits over the decade. It’s easier to drop zeros when the currency is digital.
16
posted on
03/20/2009 11:13:03 AM PDT
by
zek157
To: maggief
Socialism/Communism can be VERY EXPENSIVE!
17
posted on
03/20/2009 11:14:18 AM PDT
by
FlingWingFlyer
(Just being a "U.S. citizen" does not make one an American.)
To: FlingWingFlyer
One trillion and counting...
To: maggief
19
posted on
03/20/2009 11:17:25 AM PDT
by
mysterio
To: counterpunch
And they will do it again! Just how many time can the Fed do this before all our wealth and savings are worthless? This is insane, Money has to be linked to a real commodity to have any real value or eventually the paper will be more valuable then what is printed upon it.
20
posted on
03/20/2009 11:18:15 AM PDT
by
2001convSVT
("Only Property Owners that pay taxes should have the right to Vote")
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