It's happening right before our eyes, and if you oppose it you are a racist. Dare say anything about this budget travesty and you are a right wing nut, welcome to the left's hell.
How come nobody is asking why in a year of supposed 3% GDP growth we are not back to "Bush-like" deficits of $400B instead of the Obama deficits of $1.5T? Why do we need to borrow 10% GDP in order to obtain 3% GDP growth? The media is busy calling Obama a success, so they don't have time. Meanwhile economists and a lot of us are saying stimulus is not to credit:
of course anybody with half their brain working knew that jacking up medicare was not a recipe for economic growth, but again the people worshipping Obama don't have a normally working brain. Ironically TARP, which belongs to Bush, turned out to be cheaper than thought and is credited with more success. Even though it should be south of $200B when done, which is now insignificant, I'm still not entirely sold. At least it is over, one and done. But that awful stimulus, it will stalk us a long long time. Again, why is it needed this year if things are going so well?
Obama knows the budget is a problem, and in his typical dishonest fashion he distances himself from his own policy:
oooo, he's so smart isn't he? Why he will suggest ways to rein in the budget. So let's get this straight, the asshat who suggested the huge new deficits in the first place will now suggest new ways to take care of the problems created by the old suggestions. People of lesser ability like hermit might be awed by such obvious sophistry, but the lack of liberal reaction suggests only one thing. They want much higher taxes but don't want to say it. Even when Obama has promised lower taxes on the middle class, smarter people know that can't happen now. He still won't say it, but almost all of us are gonna have to pay for his crap.
Why higher taxes? Well you can cut military some (and I guarantee that will happen) but it can no longer solve the problem. Check out what happened between the 2010 budget and the 2008 budgets.
http://en.wikipedia.org/wiki/2010_United_States_federal_budget
http://en.wikipedia.org/wiki/2008_United_States_federal_budget
deficit of $455B in FY2008, which includes the early part of the recession. No TARP until FY2009 but even if you want to chuck in the approximately $500B spent in late 2008, you are still sub $1T, compared to today's deficit of $1.5T. TARP was once, so what the hell is the extra $1T for. Well there are $300B less receipts (estimated), so that leaves $700B. DoD accounts for an increase of $40B, interest on the debt went down $100B I guess due to the nature of the financing and the rates.
Well you guessed it, the other mandatory programs are up a whopping $500B, accounting for most of the $700B. To repeat, mandatory spending went up $500b in 2 years. Clever eh? Use the crisis, call it stimulus, then increase social welfare to eye poppping levels knowing that you have reined in so many voters that media won't call you out too much. Now it's no longer stimulus, it's simply mandatory social spending and if you try and cut it you will be called a cold hearted racist. Even if you throw in that unemployment costs went up ~100B, it's pretty bleak. I have more good news, another 30 million on the federal medical dole will only increase it along with the new health care bill (which does nothing to contain provider costs). Let's add in a wave of boomer retirements, huge unfunded future shortfalls in entitlements, wage compression from illegals and China, probably higher interest rates, and who knows what else... we just had 3 black swan events in the last 10 years. The ever lying and clueless democrats are projecting us to 90% debt/GDP under their plan assuming average economic conditions. This is true meaning of hope, you had better hope no more black swans show up.
Watch the demos over the next few years blame banks and wars, obama will call a news conference about how he saved us $12 Billion in some meaningless way. Their hope is that you can't add, I've noticed that a lot of you cannot. Here's an example for you, just the increase in the social welfare budget could fund another military. I'll take Bush over this.
How come nobody is asking why in a year of supposed 3% GDP growth we are not back to "Bush-like" deficits of $400B instead of the Obama deficits of $1.5T? Why do we need to borrow 10% GDP in order to obtain 3% GDP growth? The media is busy calling Obama a success, so they don't have time. Meanwhile economists and a lot of us are saying stimulus is not to credit:
http://money.cnn.com/2010/04/26/news/economy/NABE_survey/
of course anybody with half their brain working knew that jacking up medicare was not a recipe for economic growth, but again the people worshipping Obama don't have a normally working brain. Ironically TARP, which belongs to Bush, turned out to be cheaper than thought and is credited with more success. Even though it should be south of $200B when done, which is now insignificant, I'm still not entirely sold. At least it is over, one and done. But that awful stimulus, it will stalk us a long long time. Again, why is it needed this year if things are going so well?
Obama knows the budget is a problem, and in his typical dishonest fashion he distances himself from his own policy:
http://news.yahoo.com/s/nm/20100427/ts_nm/us_usa_deficit
oooo, he's so smart isn't he? Why he will suggest ways to rein in the budget. So let's get this straight, the asshat who suggested the huge new deficits in the first place will now suggest new ways to take care of the problems created by the old suggestions. People of lesser ability like hermit might be awed by such obvious sophistry, but the lack of liberal reaction suggests only one thing. They want much higher taxes but don't want to say it. Even when Obama has promised lower taxes on the middle class, smarter people know that can't happen now. He still won't say it, but almost all of us are gonna have to pay for his crap.
Why higher taxes? Well you can cut military some (and I guarantee that will happen) but it can no longer solve the problem. Check out what happened between the 2010 budget and the 2008 budgets.
http://en.wikipedia.org/wiki/2010_United_States_federal_budget
http://en.wikipedia.org/wiki/2008_United_States_federal_budget
deficit of $455B in FY2008, which includes the early part of the recession. No TARP until FY2009 but even if you want to chuck in the approximately $500B spent in late 2008, you are still sub $1T, compared to today's deficit of $1.5T. TARP was once, so what the hell is the extra $1T for. Well there are $300B less receipts (estimated), so that leaves $700B. DoD accounts for an increase of $40B, interest on the debt went down $100B I guess due to the nature of the financing and the rates.
Well you guessed it, the other mandatory programs are up a whopping $500B, accounting for most of the $700B. To repeat, mandatory spending went up $500b in 2 years. Clever eh? Use the crisis, call it stimulus, then increase social welfare to eye poppping levels knowing that you have reined in so many voters that media won't call you out too much. Now it's no longer stimulus, it's simply mandatory social spending and if you try and cut it you will be called a cold hearted racist. Even if you throw in that unemployment costs went up ~100B, it's pretty bleak. I have more good news, another 30 million on the federal medical dole will only increase it along with the new health care bill (which does nothing to contain provider costs). Let's add in a wave of boomer retirements, huge unfunded future shortfalls in entitlements, wage compression from illegals and China, probably higher interest rates, and who knows what else... we just had 3 black swan events in the last 10 years. The ever lying and clueless democrats are projecting us to 90% debt/GDP under their plan assuming average economic conditions. This is true meaning of hope, you had better hope no more black swans show up.
Watch the demos over the next few years blame banks and wars, obama will call a news conference about how he saved us $12 Billion in some meaningless way. Their hope is that you can't add, I've noticed that a lot of you cannot. Here's an example for you, just the increase in the social welfare budget could fund another military. I'll take Bush over this.
