The federal government posted its largest monthly deficit in history in February at $223 billion.

http://www.washingtontimes.com/news/...-deficit-ever/

We almost ready to fall into the fiscal black hole... the point of no returne.
PLEASE TELL YOUR CONGRESS REPS TO deal with this NOW.
Please liberals... join the tea party movement NOW!.
JJ

Originally Posted by JimJoe

The federal government posted its largest monthly deficit in history in February at $223 billion...We almost ready to fall into the fiscal black hole... the point of no returne.
PLEASE TELL YOUR CONGRESS REPS TO deal with this NOW...

Chill out, Joe. Congress is busy debating whether or not to start another war in Libya and holding hearings on whether the Muslims in New York are a threat to national security.

They have everything properly prioritized and under control.

If you don't believe it, just ask 'em.

Most of us have finally recognized that a politician will say one thing and do another that's how they believe they can stay ahead until the elections. So there is wisdom in never vote for an incumbent

been escalating were less of an emergency?

They have known for 40 years we are going to run out of oil....it is an emergency...no action from Washington for 40 years...

They have been going to run out of money for the last 20 years alt least...no corrective actions to stop the bleeding. We have the laughable threat each year to shut down the government...every year....no corrective action to see that it never happens again.

One could view their totally irresponsible lack of action on a couple of things (probably more). One they have inside knowledge, hence the continuing year after year of doing nothing because they KNOW things are not as bad as they appear....OR....they are like the captain of the ship heading toward the falls saying the noise and fast water is nothing more than the weather, it will get better....well now they too can see the falls and they still maintain it will be OK.

So what is it that they KNOW? What other possible explanation could be offered for such irresponsibility in the face of imminent disaster?

btk

The yearly deficit at the end of 2007 was about $180 Billion. The current President is doing a bang up job, isn't he?

...and you complain about the "Blame Bush" crowd? Talk about slanting the presentation! You fail to mention what Bush's LAST deficit was. You fail to mention the wars that were kept OFF THE BOOKS to mask the deficit size. You fail to mention that Bush entered office with a SURPLUS.

Not to say Obama has been "all that", but I would NOT under ANY circumstances hold Bush up as a paradigm of fiscal conservatism.

Originally Posted by djplong

...and you complain about the "Blame Bush" crowd? Talk about slanting the presentation! You fail to mention what Bush's LAST deficit was. You fail to mention the wars that were kept OFF THE BOOKS to mask the deficit size. You fail to mention that Bush entered office with a SURPLUS.

Not to say Obama has been "all that", but I would NOT under ANY circumstances hold Bush up as a paradigm of fiscal conservatism.

You think he's doing a good job with the economy? Why do I need to use qualifiers?

The hole he dug is many times bigger than the hole he started with and that should be enough for anyone to make an evaluation.


New Data: Article from Wall Street Journal at the time said that if the Bush Tax Cuts were not extended that the deficit might reach a yearly total of $300 Billion by 2012. Little did they know that the new President, namely Pres. Barack Obama, would blow their predictions out of the water.

http://blogs.wsj.com/economics/2007/...l-2007-slides/

Wow... I am so bummed. This is an EMERGENCY>>>>

A increasing MONTHLY deficit of now 223 BILLION dollars shows that we VERY FAST approaching the fiscal end of this country and the dems and repubs are talking about BUSH.
Come on... do you realize that on June 30th QE2 ends, and NO one will buy our debt.. Right now through the FED QE2 we are buying 70% of our own debt... USING phoney money that we are creating electronically out of thin air.
and if we do not buy 70% or more of our OWN debt by printing phoney electronic money (QE3) shortly after June 30th.. we go broke in 15 days.. do ya care???


I guess there is no hope to solve this mess..

salors with no recourse what are we to do.
How about an example from another thread? The Department of Energy. Started by Carter 33 years ago to rid the USA of it's dependence on foreign oil.

Current budget $24 billion. Accomplishment/success. A mega beurocracy with 1000's of employees and even more sub contractors....and in the process over the years and many, many billions spent we have doubled our dependency on foreign oil.

Now why is this expenditure in existence?

When done digesting that one just read some of the recent writings/revelations about the redundancy and ineffectiveness in the Department of Education. Stated to be so complicated with so many organizations doing the same thing for respective budgets...there can be no verification that any of the programs....ANY....work. Potential savings....only $200 billion.

If our leaders () won't address the simple/obvious in their back yard what are we to do? IT IS BUSINESS AS USUAL IN DC!!!!!!!!!!!!!

btk

Originally Posted by JimJoe

Wow... I am so bummed...

Hey, JimJoe, don't get your dobber down. Some around here have been ranting about the same thing for awhile now. Watch, all that will happen will be that this thread will morph into why it's Nancy Pelosi's fault or how Obama is really a socialist and wasn't born here anyway.

On the fiscal problem, maybe the best idea you'll hear is the problem could be solved if we simply cut earmarks and government waste, and replace Congressional fringes with Social Security and Medicare, like us . And oh, there'll certainly be the proposal that the economy would recover more quickly is we'd only cut taxes.

Like I said...don't get your dobber down.

Originally Posted by Villages Kahuna

Hey, JimJoe, don't get your dobber down. Some around here have been ranting about the same thing for awhile now. Watch, all that will happen will be that this thread will morph into why it's Nancy Pelosi's fault or how Obama is really a socialist and wasn't born here anyway.

On the fiscal problem, maybe the best idea you'll hear is the problem could be solved if we simply cut earmarks and government waste, and replace Congressional fringes with Social Security and Medicare, like us . And oh, there'll certainly be the proposal that the economy would recover more quickly is we'd only cut taxes.

Like I said...don't get your dobber down.

I guess no one cares that there will be a near total economic collapse soon or no one believes it can be prevented. If they just took one look at the 14.2 trillion dollar debt and the incredible accelerating deficit of 223 billion for February alone, they would know.
I first suspected in December that the politicians on both sides knew it could not be fixed when they agreed to that ridiculous 1 trilllion dollar tax and spending deal. The obvious right thing to do was no deal at all, and with the increased tax revenue and no more spending that would have been at least a step in the right direction....
but no.. they made a deal and both got what they wanted... and the deficit balloons another trillion. They knew and now the repubs are going to fix it starting with 60 billion, and the dems with 10 billion.. 2 months after they added that trillion...
come on...
I guess I should just live it up with Charlie Sheen and buy ruby ridge. That babe on Geraldo looked pretty good.
JJ

Originally Posted by JimJoe

I guess no one cares that there will be a near total economic collapse soon or no one believes it can be prevented. If they just took one look at the 14.2 trillion dollar debt and the incredible accelerating deficit of 223 billion for February alone, they would know.
I first suspected in December that the politicians on both sides knew it could not be fixed when they agreed to that ridiculous 1 trilllion dollar tax and spending deal. The obvious right thing to do was no deal at all, and with the increased tax revenue and no more spending that would have been at least a step in the right direction....
but no.. they made a deal and both got what they wanted... and the deficit balloons another trillion. They knew and now the repubs are going to fix it starting with 60 billion, and the dems with 10 billion.. 2 months after they added that trillion...
come on...
I guess I should just live it up with Charlie Sheen and buy ruby ridge. That babe on Geraldo looked pretty good.
JJ

The country's in bad shape, but there's always hope, right? All we can do is write our representatives and urge them to vote for the bills proffered to reduce spending and to cut taxes, and help vote them out if they don't when the time comes. We need everyone to do this.

But in the meantime all we can do is live our lives today the best we can, and have the best time we can, while we can. Change what we can, and don't hang ourselves over what we can't.

Originally Posted by djplong

...and you complain about the "Blame Bush" crowd? Talk about slanting the presentation! You fail to mention what Bush's LAST deficit was. You fail to mention the wars that were kept OFF THE BOOKS to mask the deficit size. You fail to mention that Bush entered office with a SURPLUS.

Not to say Obama has been "all that", but I would NOT under ANY circumstances hold Bush up as a paradigm of fiscal conservatism.

Once again the statement that Bush inherited a surplus. He did not. The country was running in the red when he took office, largely because of the dot com bubble bursting. The fiscal year begins on Oct 1 and ends on the following September 30. The federal government was in the red for the last quarter of 2000. The Clinton surplus was gone and the deficit was real.

Originally Posted by RichieLion

The country's in bad shape, but there's always hope, right? All we can do is write our representatives and urge them to vote for the bills proffered to reduce spending and to cut taxes, and help vote them out if they don't when the time comes. We need everyone to do this.

But in the meantime all we can do is live our lives today the best we can, and have the best time we can, while we can. Change what we can, and don't hang ourselves over what we can't.

Do you know Charlie's number?
Maybe we can guest star on his next webcast?
God I hate giving up.
JJ