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Post by EscapeHatch on Mar 20, 2009 17:25:48 GMT -5
DOLLARS?!
Much Bigger Deficits Seen in Budget Office Forecast By DAVID STOUT New York Times
"New projections for the fiscal years 2010 through 2019 show deficits totaling $2.3 trillion more than the White House predicted in its budget plan."
This staggering revelation kind of takes one's breath away. Amid cries about AIG bonuses, written into law by a democrat congress and signed by Obama in a spending bill large enough to choke even Atlas himself, we still do not hear about cutting anything from the left's now ill-financed agenda.
Kiss your middle-class tax cut and your dream of ever seeing the light of day in your lifetime good bye.
As it has been said many, many times before, ad nauseum, what happens on your watch is your fault.
I don't expect a significant drop in the polls any time soon. Too many are still buying the crap coming from Washington that "We are better off NOW!"
Anyone still buying it? Or, do you need more time?
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Post by EscapeHatch on Mar 20, 2009 17:30:36 GMT -5
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Post by bruce on Mar 20, 2009 18:42:55 GMT -5
27% of Americans say the economy is getting better,the highest since July '07.Confidence is building and that is at least 50% of the battle.Still too low but on the rise.GALLUP-3/20/09
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Post by EscapeHatch on Mar 20, 2009 18:49:35 GMT -5
27%? Even that seems astounding.
Confidence certainly will be instrumental in any form of recovery that may happen. Sad thing, is, I am confident that I won't see anything like one in my lifetime.
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Post by lou on Mar 20, 2009 19:48:39 GMT -5
27% say the economy is getting better? I find that astounding. As Hatch said, confidence is the key for recovery and I have none in this President, his Treasury Secretary, or the Congressional clowns! I receive my 401K and it is still bleeding! Then I hear Maxine Waters say she can't read the bill in its entirety because, well because! Staff breaks it down into parts and reports to her! And that monstrosity is passed and signed and it is someone else's fault about the bonuses! Folks it is time to start a grassroots drive to amend the Constitution that gives these parasites 12 years and that is it! I don't care what party they belong to or who they are!
Hatch what is going on in your neck of the woods regarding the police and gangs and the city council?
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Post by tpfkalarry on Mar 21, 2009 19:56:54 GMT -5
Here's a Metaphor,
If the economic health of the United States was a medical patient that had a variety of symptoms it would be treated like we have done. We put some money into stimulus and we put some money into tax breaks. We are not sure how the patient is going to respond but clearly there is something wrong. But we are going to be able to tell if either or both work or do not work. If Americans use all of the tax breaks to pay down debt and increase savings than we know that tax breaks will not do it. If the stimulus spending does not change employement figures than we know that the stimulus spending is not the way to treat the disease.
We know the banking system is bleeding. Maybe it is not bleeding at the rate it was but it is still bleeding. The stimulus is just a transfusion. We know we are going to have to stop the bleeding somehow. Some say it is the housing market that is causing the bleeding, others think it is an issue of regulations or just a state of panic and fear. I am hopeful that this administration understands that it cannot just flip a switch and let the monitors tell them if there are more problems. If their current approach does not work than they should be willing to consider another solution. They need to be consistent enough to be coherent but they do not need to "just stay the course," if the indicators do not show the plan to be effective. I think it is too early to decide if the president's plan is going to work or not.
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