Re: {OT} Thank you, President Obama! for debt for years to come

On May 10, 8:24 pm, "Mike" <mikehu...@xxxxxxxxx> wrote:
Look up the definition of the word "budget" before you make a stupid comment
like that, would be my advice.

The federal budget is simply an estimate of expected income and expense and
has nothing to do with the amount of the actual income or actual expenses
paid by the US Treasury in a given quarter.

There were two quarter in 2007 and one in 2008 where the Bush tax RATE cuts,
passed by the Dims in Congress, were the income produced by the RATE cuts
was greater to the US Treasury than the expenses, yet the national debt
still was going up because the Treasure was still selling bonds.  The budget
can be in balance yet the national debt can be going up.

3 quarters out of 8. Big deal.

The current BO budget before the Congress will ADD more TRILLIONS to the
national debt in just three year than the TOTAL NATIONAL accumulated debt
since the county was founded.   The CBO estimates $15,000,000,000,000 debt
and interest in just ten years.   That's TRILLIONS not the 500 Billion added
by our war with the radical Islamic terrorists over seven year!

Or the trillion that Bush wanted us to spend to get to Mars.

To make things worse, there is still no money in the budget for the unfunded
mandates, SS, Medicare, Medicaid that are all coming due in just four to ten
years!

Really? The mandates are not unfunded. Until 2040, there the SSA has
enough money invested in securities so that it won't run out of momey.

Jeff

"Jeff" <jeff....@xxxxxxxxx> wrote in message

news:16f0071b-fbf2-485a-98c8-99c70ae4499b@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On May 9, 3:37 pm, "Mike" <mikehu...@xxxxxxxxx> wrote:

Can we assume your were not around to remember when the soothsayers all
said
the party was "dead" back 1964?. Or when they said the Dim party
was"dead" when the Republican took control of both houses of Congress and
balanced the budget for the first time in nearly forty years?

The only time when the federal revenues were more than the federal
outlays was a few years around 1999 starting when Clinton was
President - Bush got into deficit spending with his first budget. Oh,
and when GWB became President, the Republicans ran the Congress, too.

You may look at the same data I did:http://cbo.gov/budget/historical.shtml
(click on the data link).

Have a lovely weekend.

Jeff

"Hachiroku ????" <Tru...@xxxxxxx> wrote in message

news:pan.2009.05.09.19.22.28.421763@xxxxxxxxxx

On Sat, 09 May 2009 12:38:05 -0400, tak wrote:

"Hachiroku ????" <Tru...@xxxxxxx> wrote in message
news:pan.2009.05.09.12.16.52.651963@xxxxxxxxxx
On Fri, 08 May 2009 21:35:32 -0700, Jeff wrote:

On May 8, 4:44 pm, Hachiroku ???? <Tru...@xxxxxxx> wrote:
There are 12 more cases of Swine Flu...oh, excuse me; H1N1 in Mass.
We need to be Politically Correct about what we call it, don't we?

Why is calling a virus by its proper name "politically correct?" The
virus has not been found in pigs, unless the pigs were infected by
humans.

The reason the 'press' has given for using H1N1 is because it puts
pigs
in
a bad light. Their words, not mine.

One of the commentators on one of the morning 'news' shows even said
"Swin..er, I mean, H1N1".

Wow, IT MUST be a conspiracy, huh. By the way, rumor has it that now
that
the wolf has been removed from the endangered species list. they are
going
to replace wolves on it with the republican party. Ya Think?(;-P

Hmmm..could be....

What a shame. Of course, REAL Republicans are long gone. (Scott thinks
this is a shame, me...well, I'm kinda one of the "New" Republicans...)

.

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