Bush's deficits and the coming crunch.

[DanS]

what pork specifically?

Farm subsidies, weapons programs, the space shuttle, the space station. I've got plenty of ideas with billions of dollars beside each one.

[Whoha]

the last article that was posted had that the pork was only 16 billion.

[Lawrence of Arabia]

Farm subsidies, weapons programs, the space shuttle, the space station. I've got plenty of ideas with billions of dollars beside each one.

excellent, so why do you persist in defending the prez when you clearly know that hes wrong?

the last article that was posted had that the pork was only 16 billion.

we can cut defense spending in 1/2 - thats $100 billion right there - without endangering ourselves. ending the war on drugs and aid to israel cuts another $4 billion, with other indirect effets such as less costs for jails since theres less people in them.

we can also cut education - america spends more per child then most european countries, yet we are always underperforming. theres somethng wrong with that. the money is there, but so is the bureacracy. we need to cut out the bureacracy, and cut education spending.

[Ted Striker]

Originally posted by Sava
DanS is just confused... because America has moved so far to the right, a non-partisan group like the EPI seems like a liberal group.

This summarizes what has happened to our hijacked country over the last 4 years.

[Ned]

Democrats, as usual, complain about the deficit, but will fight like wild animals to prevent any socialist program from being cut or reduced. But when it comes to the national defense, yeah, their the first to propose the most draconian cuts. Remember the campaign? Kerry proposed cutting 6 billion from intelligence. Yeah, that's right. Kerry was in favor of gutting intelligence.

I think Bush is going to have to veto a few bills because the Dems are not going to cooperate on cutting spending.

[Mr. Harley]

Ned - false statement. Budget bills CANNOT be filibustered. You should know better. Since they cannot be filibustered, and the Republicans control all branches of government - the President, Congress, and SCOTUS (large majority Republican appointees) - don't blame the Democrats. You factual points lend you much more credence than blatantly false statements like that. Any problems with spending builds are solely the responsibility of the Republicans, as are the spoils.

[Sikander]

Originally posted by Lawrence of Arabia

since the CBO is non partisan group...

They are not a non partisan group, they are a bipartisan group who represent the professional politicians in congress. They definitely have an axe to grind, but instead of shading the figures to shaft the members of a particular party they instead shade the figures to benefit the political establishment.

[Dinner]

Originally posted by DanS
My point is that the fiscal situation has turned the corner. To hear some talk of it, quite the opposite would be true.

Care to bet avatars? Winner gets to choose the loser's avatar for one month. My claim is that when all is said and done, when the war costs Bush has left out are added, if/when Bush's social security spending is added, when Congress finishes dumping on their supplimental bills, and everything else... The deficit will be larger in 2005 then in 2004.

Are you willing to bet your avatar on your belief that we've "turned the corner"?

[Dinner]

Originally posted by Harry Tuttle

yeah, cut the pork, keep the tax cuts.

There isn't enough pork on the whole hog to balance the budget that way.

[Mr. Harley]

Except the military spending - "Oops, but that's different."

Note, I am NOT talking about the equipment for our troops in the field. That's shameful. I am talking new ships, the missle defense program, no-bid contracts (care to say Haliburton), deploying the Stryker instead of the superior and cheaper M113 stretch/synthetic armor variant, et al.

[Dinner]

As long as we're on the subject of Bush's star wars program I thought I'd point out it failed yet another test today. The test was completely rigged in it's favor and it still belly flopped like a fat kid jumping in a pool. They had a year to prepare, they knew the exact missile type to hit ahead of time, they knew the exact second of launch, they knew the exact path the target missile would take, and... when they pressed the launch button the defense missile didn't even take off!

$200 billion and they can't even get their system to turn on reliably. :shame

[OneFootInTheGrave]

Re: Bush's deficits and the coming crunch.

Originally posted by Oerdin
It is a truly informative & objective read which shows how deep of a hole Republicans have put the United States into.


So what is the coming crunch? Currently the US public doesn't have enough capital to cover the government's reckless borrowing so countries like Japan & China have had to finance it. The problem is this can't last forever. After Bush's tax cuts to the top 1% of American society the Federal government now takes, in inflation adjusted terms , about the same amount of money it did in the 1950's while spending remains where it has been in recent decades - much higher.

Bushthink:

They are putting US more into red
GOP is red
Therefore the deficit is good.

[DanS]

Are you willing to bet your avatar on your belief that we've "turned the corner"?

Sure, I'm willing to bet that this fiscal year the deficit will be better as a percentage of the economy versus last fiscal year.

[Whoha]

Originally posted by Lawrence of Arabia


excellent, so why do you persist in defending the prez when you clearly know that hes wrong?



we can cut defense spending in 1/2 - thats $100 billion right there - without endangering ourselves. ending the war on drugs and aid to israel cuts another $4 billion, with other indirect effets such as less costs for jails since theres less people in them.

we can also cut education - america spends more per child then most european countries, yet we are always underperforming. theres somethng wrong with that. the money is there, but so is the bureacracy. we need to cut out the bureacracy, and cut education spending.

which all still amounts to dick unless you take the money from where it is really being spent.

[Lawrence of Arabia]

Sure, I'm willing to bet that this fiscal year the deficit will be better as a percentage of the economy versus last fiscal year.

nah, make it the deficit, not the debt.