Graphic Evidence
The Washington Post published a graph that speaks volumes about the incredible debt this country is preparing to assume: Projected Deficit.
(Hat tip: Athos.)
The Washington Post published a graph that speaks volumes about the incredible debt this country is preparing to assume: Projected Deficit.
(Hat tip: Athos.)
4 | Right mind left Thu, Mar 26, 2009 9:52:30am |
Looks pretty RED to me...New Red State coming soon!
7 | Kragar Thu, Mar 26, 2009 9:52:58am |
There comes a time when you just have to say "Fuck you, I aint paying for this shit."
10 | NukeAtomrod Thu, Mar 26, 2009 9:53:46am |
Wow. I have seen the future and it is sucky.
11 | Karmapolice Thu, Mar 26, 2009 9:54:15am |
You should all check the commenting boards on Obama's town hall meeting for the Yahoo! story. It's filled with people angry about Obama and his spending, there's only a few pro-Obama comments spread out that keep getting bumped off because people vote it down.
12 | SlartyBartfast Thu, Mar 26, 2009 9:54:22am |
We're looking at the millstone that's being tied around the neck of the United States.
Damn this administration and it's leaders. To Hell with you all.
13 | Leonidas Hoplite Thu, Mar 26, 2009 9:54:25am |
re: #3 SasquatchOnSteroids
CHANGE !
We won't have any change left. We'll have to scour underneath our couch cushions to ship it off to China.
14 | Ringo the Gringo Thu, Mar 26, 2009 9:54:27am |
If I were more conspiratorial minded, I'd say he was trying to bankrupt the country.
16 | tigger2005 Thu, Mar 26, 2009 9:54:35am |
It must not happen. Vote the suckers out in 2010, get rid of the rubber-stamp Congress.
Republicans, HAMMER on this and would you please DROP the creationist SH*T!
17 | tfc3rid Thu, Mar 26, 2009 9:55:05am |
re: #6 Leonidas Hoplite
I weep for my children.
You should be weeping for your Great-Great Grandchildren as well...
18 | Sharmuta Thu, Mar 26, 2009 9:55:11am |
Please use the email function and send this to as many folks as you can, Lizards.
19 | Nevergiveup Thu, Mar 26, 2009 9:55:20am |
20 | jamgarr Thu, Mar 26, 2009 9:55:28am |
To picture a trillion dollars:
Imagine a huge stack of one dollar bills that is a million bills high.
Now, replace every dollar bill with a million dollar bill.
21 | Honorary Yooper Thu, Mar 26, 2009 9:55:29am |
Damn, and I thought Enron's balance sheet looked bad.
22 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 9:55:29am |
It's projected to be at its lowest point in 2012. I wonder why...
23 | Leonidas Hoplite Thu, Mar 26, 2009 9:55:29am |
re: #15 tfc3rid
That graphic is nauseating...
Seriously. All of us on the east coast who just ate lunch are going to toss it.
24 | Kosh's Shadow Thu, Mar 26, 2009 9:55:37am |
Does this include 0's health care plan? If not, those red lines are going to get longer.
25 | pink freud Thu, Mar 26, 2009 9:55:45am |
Awright Athos! I saw this on the LNDT. I'm going to print it out and carry it with me. A picture is worth a thousand words .....
/especially with moonbats, its the language that works best with them
26 | Sharmuta Thu, Mar 26, 2009 9:55:51am |
re: #11 Karmapolice
You should all check the commenting boards on Obama's town hall meeting for the Yahoo! story. It's filled with people angry about Obama and his spending, there's only a few pro-Obama comments spread out that keep getting bumped off because people vote it down.
Buyers remorse is setting in quicker than I thought it would.
27 | LGoPs Thu, Mar 26, 2009 9:56:03am |
If you stand on your head, all the projections are up.
/
28 | tfc3rid Thu, Mar 26, 2009 9:56:13am |
re: #24 Kosh's Shadow
Does this include 0's health care plan? If not, those red lines are going to get longer.
Excellent point...
29 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 9:56:15am |
re: #19 Nevergiveup
I wouldn't do that, you may not be able to afford the tissue?
You can use $100 bills instead. Will probably be cheaper than tissues.
30 | Leonidas Hoplite Thu, Mar 26, 2009 9:56:15am |
re: #17 tfc3rid
You should be weeping for your Great-Great Grandchildren as well...
My kids won't be able to afford thier own children.
31 | itellu3times Thu, Mar 26, 2009 9:56:19am |
re: #1 Kragar (Proud to be Kafir)
DAMN YOU GEORGE BUSH!
///
More like damn you citibank lehman wamu, but even so, heh.
32 | turn Thu, Mar 26, 2009 9:56:47am |
I'm not optimistic that these are pessimistic projections either, it'll probably be much worse IMO.
33 | capitalist piglet Thu, Mar 26, 2009 9:57:00am |
re: #16 tigger2005
It must not happen. Vote the suckers out in 2010, get rid of the rubber-stamp Congress.
Republicans, HAMMER on this and would you please DROP the creationist SH*T!
I think this urgency, this flurry of activity with the no-time-to-waste implementation of his policies and talk of more (like massive healthcare 'reform'), is in anticipation of a 2010 beat down. They want to go left as much as they can.
34 | Sharmuta Thu, Mar 26, 2009 9:57:01am |
I also stuck this in my favorites. I plan to use this a lot.
By the way- where's avanti?
35 | Honorary Yooper Thu, Mar 26, 2009 9:57:07am |
re: #11 Karmapolice
You should all check the commenting boards on Obama's town hall meeting for the Yahoo! story. It's filled with people angry about Obama and his spending, there's only a few pro-Obama comments spread out that keep getting bumped off because people vote it down.
Links?
36 | MandyManners Thu, Mar 26, 2009 9:57:16am |
I hope everyone who refused to vote for John McCain because he wasn't conservative enough is fucking happy now.
38 | itellu3times Thu, Mar 26, 2009 9:57:17am |
39 | Lee Coller Thu, Mar 26, 2009 9:57:19am |
Call your congresscritter and complain. I called mine yesterday. You can find their contact information here.
40 | SasquatchOnSteroids Thu, Mar 26, 2009 9:57:23am |
And this is now called Investment.
F*** you, TOTUS.
41 | JohnnyReb Thu, Mar 26, 2009 9:57:33am |
re: #24 Kosh's Shadow
Does this include 0's health care plan? If not, those red lines are going to get longer.
No it does not. And it also does not include the unfunded MEDICARE and SS payments. Add about another trillion or so a year to that chart to get the real numbers.
42 | NukeAtomrod Thu, Mar 26, 2009 9:57:33am |
A New Era of "Responsibility."*
*Note: The Obama administration has redefined the offensive term "Depression" to the more socially acceptable term "Responsibility."
43 | Leonidas Hoplite Thu, Mar 26, 2009 9:57:45am |
re: #32 turn
I'm not optimistic that these are pessimistic projections either, it'll probably be much worse IMO.
It would be interesting to see actual deficits vs. CBO projections...someone on that?
44 | tfc3rid Thu, Mar 26, 2009 9:57:46am |
re: #32 turn
I'm not optimistic that these are pessimistic projections either, it'll probably be much worse IMO.
Same here, they usually are...
45 | Ward Cleaver Thu, Mar 26, 2009 9:57:48am |
I was amazed when I heard recently the projections the Obama administration used in deficit and debt estimates in future years - five percent annual GDP growth, one percent annual inflation, etc. In other words, total bullshit.
46 | Karmapolice Thu, Mar 26, 2009 9:57:54am |
re: #26 Sharmuta
Buyers remorse is setting in quicker than I thought it would.
It's incredible. I was shocked when I went to it, expecting a bunch of pro-Obama praises. Then, I look at all the comments and they're all ripping on Obama's budget and spending. The ones ripping on Obama are getting 40+ positive ratings and the ones defending Obama (which have no logical arguments involved) are getting -30 ratings. It's shocking.
47 | Silvergirl Thu, Mar 26, 2009 9:58:24am |
Didn't you all hear the proclamation that the deficit was going to be reduced 50% in four years? The disclaimer in small print was that it had to be quadrupled first.
48 | Honorary Yooper Thu, Mar 26, 2009 9:58:27am |
re: #34 Sharmuta
I also stuck this in my favorites. I plan to use this a lot.
By the way- where's avanti?
Hey now, covering dicks is hard work for him.
49 | Karmapolice Thu, Mar 26, 2009 9:58:33am |
re: #35 Honorary Yooper
[Link: buzz.yahoo.com...]
52 | vxbush Thu, Mar 26, 2009 9:59:02am |
But this same image is at the Heritage Foundation. So who really created the image?
53 | Pupdawg Thu, Mar 26, 2009 9:59:03am |
The Obama 'dust-me-down bowl' of hope and change seasoned with recession soon foloowed by runaway inflation and then full-flavored depression...excuse me brother, can you spare a bailout retirement plan? The soup line forms to the rear.
Is ACORN, Fannie Mae or Freddy Mac hiring? I hear they give huge bonuses still!
54 | NonNativeTexan Thu, Mar 26, 2009 9:59:16am |
It's like when you get a couple of new credit cards. Man, I can spend
some money now.
55 | soxfan4life Thu, Mar 26, 2009 9:59:17am |
Where is any of it balanced? Didn't the Zero run on a pay as you go budget. How does one run in that much debt on pay as you go? What another campaign promise tossed aside in the name of progress. Have I mentioned that I cannot stand what this asshat is doing to our country.
56 | Kosh's Shadow Thu, Mar 26, 2009 9:59:22am |
re: #42 NukeAtomrod
A New Era of "Responsibility."*
*Note: The Obama administration has redefined the offensive term "Depression" to the more socially acceptable term "Responsibility."
Then why won't they accept responsibility for screwing up the country?
57 | Leonidas Hoplite Thu, Mar 26, 2009 9:59:24am |
re: #48 Honorary Yooper
Hey now, covering dicks is hard work for him.
Avanti is an under-sized prophylactic?
58 | vxbush Thu, Mar 26, 2009 9:59:32am |
re: #52 vxbush
But this same image is at the Heritage Foundation. So who really created the image?
Never mind; answered my own question. It is the Post's.
59 | turn Thu, Mar 26, 2009 9:59:39am |
60 | itellu3times Thu, Mar 26, 2009 9:59:42am |
re: #46 Karmapolice
It's incredible. I was shocked when I went to it, expecting a bunch of pro-Obama praises. Then, I look at all the comments and they're all ripping on Obama's budget and spending. The ones ripping on Obama are getting 40+ positive ratings and the ones defending Obama (which have no logical arguments involved) are getting -30 ratings. It's shocking.
Sounds good, but it may be an organized thing, and it may be a LuapNor operation, methinks (based on zero evidence).
61 | Occasional Reader Thu, Mar 26, 2009 9:59:52am |
When it comes to Obama's plan to deeply indebt my great-grandchildren, I HOPE HE FAILS.
62 | Ward Cleaver Thu, Mar 26, 2009 9:59:52am |
re: #24 Kosh's Shadow
Does this include 0's health care plan? If not, those red lines are going to get longer.
Not to mention the waiting lines...
63 | Sharmuta Thu, Mar 26, 2009 9:59:55am |
re: #52 vxbush
But this same image is at the Heritage Foundation. So who really created the image?
From your link:
The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s.
64 | yma o hyd Thu, Mar 26, 2009 9:59:59am |
re: #40 SasquatchOnSteroids
And this is now called Investment.
F*** you, TOTUS.
Course its called 'investment' - thats what Gord called his stealth taxes, public debts and inflated public spending for years.
PB0 is a fast learner ...
65 | Honorary Yooper Thu, Mar 26, 2009 10:00:00am |
re: #49 Karmapolice
[Link: buzz.yahoo.com...]
Heh.
Here's a sample:
Here ia question for you obama: When are you going to realize you are in way over your head? Everything about the presidency is above your pay grade.
That's got a +110 right now.
66 | Karmapolice Thu, Mar 26, 2009 10:00:03am |
Ahaha. I loved this comment. In honor of Obama's presidency, Baskin Robbins is introducing a new ice cream. Barocky Road is a blend of half Vanilla, half Chocolate, and surrounded by Nuts and Flakes.
67 | JohnnyReb Thu, Mar 26, 2009 10:00:19am |
Any bets on when we see some serious inflation? And I am not talking the piker stuff fro the 1970s. I want to pay off my mortgage with change from McDonald's.
68 | godfrey Thu, Mar 26, 2009 10:00:23am |
I saw this graph a few days ago and forwarded it to all my friends.
That down-spike in 07-08 coincides with Democrat control of Congress, IIRC.
Shove this in the face of every Lefty you meet with a smile.
69 | itellu3times Thu, Mar 26, 2009 10:00:25am |
70 | Leonidas Hoplite Thu, Mar 26, 2009 10:00:26am |
71 | tomg51spence Thu, Mar 26, 2009 10:00:28am |
Does it include Social Security going negative next year?
(just saw that somewhere today)
72 | tfc3rid Thu, Mar 26, 2009 10:00:28am |
re: #59 turn
That I do not recall but I would not doubt that you were right...
73 | Rednek Thu, Mar 26, 2009 10:00:38am |
The graph is a monument to the sustainability the Democrats preach about.
74 | turn Thu, Mar 26, 2009 10:00:42am |
re: #43 Leonidas Hoplite
I'll see if I can google something, that would be interesting. I bet it backs up my suspicions.
75 | Occasional Reader Thu, Mar 26, 2009 10:00:52am |
re: #22 BeerDrinking_VictoryMonkey
It's projected to be at its lowest point in 2012. I wonder why...
Hmm... maybe that Mayan end-of-the-world thingy?
/
77 | NukeAtomrod Thu, Mar 26, 2009 10:00:56am |
Soon it will be cheaper to wipe with dollar bills than to buy toilet paper. Think of it as recycling. Gives a whole new meaning to living a green lifestyle.
78 | Karmapolice Thu, Mar 26, 2009 10:00:58am |
re: #65 Honorary Yooper
haha tha'ts the first one I read. I laughed so hard.
79 | kynna Thu, Mar 26, 2009 10:01:00am |
None of the Obamabots I know would look at this chart and say anything but, "well, he needs to create this much debt because of everything George Bush did."
Ask them for specifics and they call you names.
80 | yma o hyd Thu, Mar 26, 2009 10:01:10am |
re: #46 Karmapolice
It's incredible. I was shocked when I went to it, expecting a bunch of pro-Obama praises. Then, I look at all the comments and they're all ripping on Obama's budget and spending. The ones ripping on Obama are getting 40+ positive ratings and the ones defending Obama (which have no logical arguments involved) are getting -30 ratings. It's shocking.
Linky?
81 | vxbush Thu, Mar 26, 2009 10:01:14am |
re: #63 Sharmuta
Yes, I'm being a ditz. I blame pain. The pain of looking at what Obama is doing to our country.
82 | soxfan4life Thu, Mar 26, 2009 10:01:16am |
re: #36 MandyManners
I hope everyone who refused to vote for John McCain because he wasn't conservative enough is fucking happy now.
It wasn't that McCain wasn't conservative enough, it was that Palin had no experience.
/ duck and cover.
83 | debutaunt Thu, Mar 26, 2009 10:01:36am |
84 | Kosh's Shadow Thu, Mar 26, 2009 10:01:39am |
re: #66 Karmapolice
Ahaha. I loved this comment. In honor of Obama's presidency, Baskin Robbins is introducing a new ice cream. Barocky Road is a blend of half Vanilla, half Chocolate, and surrounded by Nuts and Flakes.
Because we know Ben and Jerry's wouldn't criticize the 0ne.
85 | Randall Gross Thu, Mar 26, 2009 10:01:45am |
Rove says:
Last fiscal year, the deficit was $459 billion. For this fiscal year, it was $569 billion when Mr. Obama took office. Under his proposals, another $1.276 trillion will be added to the deficit this year, for a total of $1.845 trillion.The CBO says deficits will fall for three years to $658 billion, still nearly 50% larger than any past deficit. After that, deficits go back up every year, reaching the trillion-dollar a year mark again in nine years. By 2019, the debt would reach 82.4% of GDP, a level not seen since 1947. With astonishing candor, even Peter Orszag, the president’s budget director conceded these levels of deficits and debt are “unsustainable.”
86 | A.W. Thu, Mar 26, 2009 10:01:56am |
When Obama says he wants to bankrupt the US (even if he doesn't realize that this is what he is doing), is it okay to hope he fails?
87 | Dustyvet Thu, Mar 26, 2009 10:02:13am |
89 | NukeAtomrod Thu, Mar 26, 2009 10:02:29am |
re: #56 Kosh's Shadow
Then why won't they accept responsibility for screwing up the country?
They're too depressed responsible.
90 | JohnnyReb Thu, Mar 26, 2009 10:02:40am |
re: #71 tomg51spence
Does it include Social Security going negative next year?
(just saw that somewhere today)
I thought I saw a post somewhere today (possibly Drudge?) that said SS went negative last month.
91 | Dustyvet Thu, Mar 26, 2009 10:02:44am |
92 | Nevergiveup Thu, Mar 26, 2009 10:02:47am |
re: #82 soxfan4life
It wasn't that McCain wasn't conservative enough, it was that Palin had no experience.
/ duck and cover.
Oh Please!
93 | Randall Gross Thu, Mar 26, 2009 10:02:54am |
The only song that fits the zeitgeist:
94 | Karmapolice Thu, Mar 26, 2009 10:03:31am |
re: #80 yma o hyd
[Link: buzz.yahoo.com...]
95 | Kosh's Shadow Thu, Mar 26, 2009 10:03:52am |
Looking at this, I think an investment in Zimbabwean currency might be a good idea.
/
(NOTE: I am not an investment advisor; follow my advice at your own risk.)
96 | J.S. Thu, Mar 26, 2009 10:04:08am |
This picture (in the form of a graph) really does make the point (perhaps better than words or repeating over and over that the projected deficit will be three times greater than in previous years. .)
97 | soxfan4life Thu, Mar 26, 2009 10:04:12am |
re: #86 A.W.
When Obama says he wants to bankrupt the US (even if he doesn't realize that this is what he is doing), is it okay to hope he fails?
No, it is only acceptable behavior for liberals to hope their fascist dictator types like Bush and Cheney fail. Hoping for a great enlightened leader such as 0bama to fail is not only unacceptable and unpatriotic, it could be considered blasphemous./
98 | pink freud Thu, Mar 26, 2009 10:04:27am |
New from politico on the 0-meeting:
"In this moment of national economic crisis, the top four questions under the heading of “Financial security” concerned marijuana; on the budget, people voted up questions about marijuana to positions 1-4; marijuana was in the first and third positions under “jobs”; people boosted a plug for legalizing marijuana to No. 2 under “health care reform.” And questions about decriminalizing pot occupied spots 1 and 2 under “green jobs and energy.”
Ok, NOW we know what these voters care about.
99 | Sharmuta Thu, Mar 26, 2009 10:04:33am |
re: #86 A.W.
Let's try a more positive spin on that. How about:
When Obama says he wants to bankrupt the US (even if he doesn't realize that this is what he is doing), I hope the American people wake up and refuse to go quietly into that commie red sunset.
100 | NukeAtomrod Thu, Mar 26, 2009 10:05:14am |
re: #61 Occasional Reader
When it comes to Obama's plan to deeply indebt my great-grandchildren, I HOPE HE FAILS.
You obviously hate America.
/ I'm about ready to move Reagan's remains to the Pet Sematary.
101 | alegrias Thu, Mar 26, 2009 10:05:18am |
We can all play constructive roles right now during Obama's early days.
Our local state & national politicians are choking on this price tag and we can help them do a Heimlich maneuver on Obama's outrageous bank heist against our wallets.
I'm volunteering with a local candidate who wants to reverse this horrible course. She was a spokesperson for Republicans and is eager to fight back in our state legislature. Gotta start the counter-obama revolution somewhere.
102 | Occasional Reader Thu, Mar 26, 2009 10:05:23am |
re: #79 kynna
None of the Obamabots I know would look at this chart and say anything but, "well, he needs to create this much debt because of everything George Bush did."
Ask them for specifics and they call you names.
Be sure to ask them how Ronald Reagan pulled us out of a deeper recession by doing almost exactly the opposite of what The One is doing.
103 | Leonidas Hoplite Thu, Mar 26, 2009 10:05:24am |
re: #90 JohnnyReb
I thought I saw a post somewhere today (possibly Drudge?) that said SS went negative last month.
Well, it is collecting a lot less following the massive layoffs of the past several months.
I wonder what the unemployment projection is for social security. Whatever it is, with all this hopeychangeysocialism I bet the assumption is too low.
104 | godfrey Thu, Mar 26, 2009 10:05:38am |
I'm often too polite, and I'm sure many lizards think I'm way too polite, but the only thing to say about this graph and the reality it depicts is that -- not to put too fine a point on it --- Obama and his pals are assholes.
105 | Honorary Yooper Thu, Mar 26, 2009 10:06:09am |
re: #94 Karmapolice
[Link: buzz.yahoo.com...]
If that's any indication of how well Obama's town hall talk went over, then Obama failed at his town hall talk.
106 | Irene NYC Thu, Mar 26, 2009 10:06:10am |
What still hasn't gotten through to most Americans is that a huge part of these deficits represent transfer payments to Obama's lackeys and will end up imploding our economy. At least that's my take on it.
107 | turn Thu, Mar 26, 2009 10:06:35am |
re: #69 itellu3times
Well yes, but in all fairness, why not?
Well I agree paying is paying regardless of where the money is budgeted, but it could be used as an accounting trick to make it appear he has reduced spending instead of the wind down of the wars as being responsible. I'm still searching for the actual vs CBO estimates ...
108 | Ward Cleaver Thu, Mar 26, 2009 10:06:41am |
re: #98 pink freud
New from politico on the 0-meeting:
"In this moment of national economic crisis, the top four questions under the heading of “Financial security” concerned marijuana; on the budget, people voted up questions about marijuana to positions 1-4; marijuana was in the first and third positions under “jobs”; people boosted a plug for legalizing marijuana to No. 2 under “health care reform.” And questions about decriminalizing pot occupied spots 1 and 2 under “green jobs and energy.”
Ok, NOW we know what these voters care about.
"Green jobs" = growing and harvesting marijuana.
109 | Kragar Thu, Mar 26, 2009 10:06:55am |
re: #99 Sharmuta
Let's try a more positive spin on that. How about:
When Obama says he wants to bankrupt the US (even if he doesn't realize that this is what he is doing), I hope the American people wake up and refuse to go quietly into that commie red sunset.
Kragaristan's future is looking brighter every day. I plan to have Hillary declare the US is the cause of all our problems and offer a substantial foreign aid package to assist us thru these trying times.
111 | simonml Thu, Mar 26, 2009 10:07:12am |
re: #79 kynna
None of the Obamabots I know would look at this chart and say anything but, "well, he needs to create this much debt because of everything George Bush did."
Ask them for specifics and they call you names.
I think what they are doing is intentionally making up for when Bush didn't spend all this money during his two terms.
Keep in mind the tax hike he'll force on this country to make up for this debt will further increase that same debt. Raising taxes lowers revenues. Its a fact
112 | pink freud Thu, Mar 26, 2009 10:07:18am |
re: #104 godfrey
I'm often too polite, and I'm sure many lizards think I'm way too polite, but the only thing to say about this graph and the reality it depicts is that -- not to put too fine a point on it --- Obama and his pals are assholes.
THAT DOES IT YOUNG MAN! You sit right there while I fetch the soap!
113 | Sharmuta Thu, Mar 26, 2009 10:07:19am |
re: #104 godfrey
I'm often too polite, and I'm sure many lizards think I'm way too polite, but the only thing to say about this graph and the reality it depicts is that -- not to put too fine a point on it --- Obama and his pals are assholes.
Yes- that was still rather polite. I think they're fucking commie pricks who can kiss my berry blue ass.
114 | tfc3rid Thu, Mar 26, 2009 10:07:34am |
re: #103 Leonidas Hoplite
Well, it is collecting a lot less following the massive layoffs of the past several months.
I wonder what the unemployment projection is for social security. Whatever it is, with all this hopeychangeysocialism I bet the assumption is too low.
There is a problem with Social Security? Who woulda known that? Amazing that we've tried to do something about saving it...
115 | Killian Bundy Thu, Mar 26, 2009 10:07:36am |
Bush spent like a drunken sailor?
/must be Fleet Week in Washington now
116 | soxfan4life Thu, Mar 26, 2009 10:07:42am |
re: #99 Sharmuta
Let's try a more positive spin on that. How about:
When Obama says he wants to bankrupt the US (even if he doesn't realize that this is what he is doing), I hope the American people wake up and refuse to go quietly into that commie red sunset.
re: #104 godfrey
I'm often too polite, and I'm sure many lizards think I'm way too polite, but the only thing to say about this graph and the reality it depicts is that -- not to put too fine a point on it --- Obama and his pals are assholes.
I don't remeber who said it, but it sums up 0bama perfectly, if only his mother had been a little more pro choice.
118 | alegrias Thu, Mar 26, 2009 10:07:51am |
re: #83 debutaunt
...and grandchildren and great grandchildren...
* * **
Someone wrote:
The moving finger writes
and having writ, moves on
Nor all your piety and tears
can change a word of it.
We MUST ACT, not cry & whine & weep, to reverse Obama's bad policies NOW.
Nip them in the bud NOW.
Help your politicians get a backbone to support BETTER policies you can support.
119 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 10:08:08am |
re: #100 NukeAtomrod
You obviously hate America.
/ I'm about ready to move Reagan's remains to the Pet Sematary.
So we'll get a Zombie Reagan stalking the land?
120 | Kosh's Shadow Thu, Mar 26, 2009 10:08:09am |
re: #98 pink freud
New from politico on the 0-meeting:
"In this moment of national economic crisis, the top four questions under the heading of “Financial security” concerned marijuana; on the budget, people voted up questions about marijuana to positions 1-4; marijuana was in the first and third positions under “jobs”; people boosted a plug for legalizing marijuana to No. 2 under “health care reform.” And questions about decriminalizing pot occupied spots 1 and 2 under “green jobs and energy.”
Ok, NOW we know what these voters care about.
Obviously, the questions and voting were done by people getting stoned in their parents' basement.
The rest of us were working (or posting on LGF when we're supposed to be working)
121 | Leonidas Hoplite Thu, Mar 26, 2009 10:08:41am |
re: #115 Killian Bundy
Bush spent like a drunken sailor?
/must be Fleet Week in Washington now
I think you need to rearange that sentence
122 | Leonidas Hoplite Thu, Mar 26, 2009 10:09:09am |
re: #116 soxfan4life
I don't remeber who said it, but it sums up 0bama perfectly, if only his mother had been a little more pro choice.
OUCH!
123 | FloridaAnole Thu, Mar 26, 2009 10:09:12am |
That's OK - these deficits won't be a problem -- because Obama and his apparatichiki are so SMART. Lenin couldn't make it work, Stalin couldn't make it work, Mao couldn't make it work, Castro couldn't make it work, but by damn, our New Intelligentsia are smarter than anybody, and they can make it work! Yep, we're going to have a new People's Paradise; well, for some people, anyhow. As they say (qua Khruschev) - we've buried you!
124 | subsailor68 Thu, Mar 26, 2009 10:09:14am |
Mr. President,
In case nobody has filled you in, there are only three ways you'll be able to generate the revenue to cover this insanity:
1. Raise taxes.
2. Borrow the money (think treasury securities)
3. Print money.
Before you go "Oh cool!", you might want to think a minute:
Borrow money. Oops, the auctions aren't going so well are they? Even China's getting nervous.
Print money. Oops, that'll kick in inflation. And, if the unemployment numbers continue to rise - well, the combination is called stagflation. Ask your pal Jimmy Carter how that all worked out for him.
Oh yeah, the tax thing. The American people are starting to figure out they can't continue to pay for this kind of nonsense. (Check the numbers on your own blog comments, if ya don't believe me.)
Here's an idea for you: KNOCK IT OFF!
125 | NukeAtomrod Thu, Mar 26, 2009 10:09:23am |
re: #119 BeerDrinking_VictoryMonkey
So we'll get a Zombie Reagan stalking the land?
A homicidal zombie Reagan would be a great improvement over what we have now.
126 | badger1970 Thu, Mar 26, 2009 10:09:31am |
Powerline had this chart posted on Tuesday, the day after zero's blah fest. I see the red color bleeding downward. Of course zero's numbers are sooo much better.
127 | pink freud Thu, Mar 26, 2009 10:09:32am |
re: #117 Sharmuta
Nice post on the tax tables. Glad to see it's getting passed around. It needs to be seen.
128 | JohnnyReb Thu, Mar 26, 2009 10:09:43am |
re: #111 simonml
I think what they are doing is intentionally making up for when Bush didn't spend all this money during his two terms.
Keep in mind the tax hike he'll force on this country to make up for this debt will further increase that same debt. Raising taxes lowers revenues. Its a fact
The tax hikes that this mess needs to prevent hyperinflation will completely destroy the middle and most of the upper class.
129 | tfc3rid Thu, Mar 26, 2009 10:10:13am |
re: #128 JohnnyReb
The tax hikes that this mess needs to prevent hyperinflation will completely destroy the middle and most of the upper class.
Isn't that the point?
130 | simonml Thu, Mar 26, 2009 10:10:21am |
re: #116 soxfan4life
Oh come on. That's a little inappropriate.
131 | Right Brain Thu, Mar 26, 2009 10:10:25am |
All of this is contingent upon the ability to sell IOU's on the open market; both Britain and Germany had debt auctions in the past few months that failed, leaving them unable to continue living beyond their means. I have no idea what those two countries are to do now, their only solution is to raise the interest rate that they will pay, which of course compounds the problem.
President Obama, and to an extent Pres. Bush before him, don't seem to get it. Money is not guaranteed, its acquired in the open markets, and those markets recently refused to loan any more money to two similar countries, eventually it will happen here.
And then what?
132 | Occasional Reader Thu, Mar 26, 2009 10:10:37am |
re: #119 BeerDrinking_VictoryMonkey
So we'll get a Zombie Reagan stalking the land?
No, zombies are dull-witted. The Pet Sematary produces a reanimated but very intelligent corpse, that is turned to evil by a "manitou". Don't you read the classics?
/
133 | pink freud Thu, Mar 26, 2009 10:10:42am |
re: #120 Kosh's Shadow
Obviously, the questions and voting were done by people getting stoned in their parents' basement.
The rest of us were working (or posting on LGF when we're supposed to be working)
From the response posts (yahoo boards, etc), seems like lots out there are paying attention.
134 | yma o hyd Thu, Mar 26, 2009 10:10:43am |
re: #87 Dustyvet
YMA
Any news in Madame?
Hiya, {Dustyvet}!
She is definitely on the mend - not out of the woods by any means, but she started barking, tail is up and wagging, and she's eating.
She is still very sleepy - but right now she's sitting next to me, keeping an eye out for intruder cats who may walk across the wall at the back of the garden - thats a distance of about 50 feet!
She's trying so hard not to fall asleep while on cat-watch, bless her!
135 | Honorary Yooper Thu, Mar 26, 2009 10:11:05am |
re: #125 NukeAtomrod
A homicidal zombie Reagan would be a great improvement over what we have now.
Shoot, I'd take a robot with Nixon's head on it right about now*.
*Futurama reference.
136 | Kragar Thu, Mar 26, 2009 10:11:10am |
re: #125 NukeAtomrod
A homicidal zombie Reagan would be a great improvement over what we have now.
Can we build a giant cybernetic Nixon as well?
137 | Leonidas Hoplite Thu, Mar 26, 2009 10:11:16am |
138 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 10:11:23am |
re: #132 Occasional Reader
No, zombies are dull-witted. The Pet Sematary produces a reanimated but very intelligent corpse, that is turned to evil by a "manitou". Don't you read the classics?
/
Our own zombie being the exception, of course.
139 | Catttt Thu, Mar 26, 2009 10:11:24am |
There have been no layoffs at my company - in the financial industry, mind you - because we have NO DEBT and have been doing all kinds of cost cutting things, big and small, for A YEAR - to avoid layoffs. My company learned in 2000-1 that layoffs cost more than they save, in the long run, and PLANNED AHEAD.
I personally have NO DEBT - not even secured debt.
WHY WHY WHY should I fork over my hard-earned money to pay for a government that FORCED companies to make loans to people who are deadbeats to buy houses that were too expensive for them?
WHY should I pay taxes to a government that wants to spend my money on things like abortions in foreign countries and an Obama Youth Program I think is an awful idea and boondoggles for some congressman's family to pretend to have a company for a couple of years?
/steam coming out my pointy ears.
140 | Irene NYC Thu, Mar 26, 2009 10:11:33am |
Sometimes I wish I had a sock puppet so that I could say what I really think about Obama.
141 | AmeriDan Thu, Mar 26, 2009 10:11:34am |
re: #128 JohnnyReb
The tax hikes that this mess needs to prevent hyperinflation will completely destroy the middle and most of the upper class.
That appears to be the objective.
142 | Sharmuta Thu, Mar 26, 2009 10:11:50am |
re: #127 pink freud
Thanks for linking it last night. I'll be sending that along to a few people too.
143 | yma o hyd Thu, Mar 26, 2009 10:11:55am |
re: #94 Karmapolice
[Link: buzz.yahoo.com...]
Thanks - its really instructive!
Especially the Obamaton comments, teeheehee!
144 | alegrias Thu, Mar 26, 2009 10:11:59am |
re: #115 Killian Bundy
Bush spent like a drunken sailor?
/must be Fleet Week in Washington now
* * * *
Obama's spending like Stalinists drank confiscated vodka.
145 | Athos Thu, Mar 26, 2009 10:12:15am |
The Heritage Foundation has some additional information that accompanies their post on this graph...
:
-President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
-President Bush began a string of expensive financial bailouts. President Obama is accelerating that course.
-President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund.
-President Bush increased federal education spending 58 percent faster than inflation. President Obama would double it.
-President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already increased this spending by 20 percent.
-President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.
-President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
The left is already starting to mobilize to 'discredit' the graph - claiming that all of the Bush Iraq / GWOT expenditures were 'off budget' and therefore not included - that the huge leap from FY 08 to FY 09 is inaccurate because Bush TARP expenditures are included in FY09 - but that is what it is, and the current Administration is clearly excessively adding to it ($800B Porkulus etc). I think this graphic, and the data behind it in this report will resonate with middle America.
Middle America will look at this, then at their own personal and business budgets, and know that they cannot operate in this manner - and neither should the US Government.
147 | Kosh's Shadow Thu, Mar 26, 2009 10:12:19am |
re: #136 Kragar (Proud to be Kafir)
Can we build a giant cybernetic Nixon as well?
Only if we make sure there is no Kissinger to go with it.
148 | Occasional Reader Thu, Mar 26, 2009 10:12:20am |
re: #131 Right Brain
eventually it will happen here.
And rather ironically, the only thing that will make T bills continue to look like a "safe haven" is if the rest of the world is even more in the shitter.
So when it comes right down to it, Obama's plan depends on a continued global recession.
149 | lobo91 Thu, Mar 26, 2009 10:12:57am |
re: #107 turn
Well I agree paying is paying regardless of where the money is budgeted, but it could be used as an accounting trick to make it appear he has reduced spending instead of the wind down of the wars as being responsible. I'm still searching for the actual vs CBO estimates ...
It is an accounting trick.
It's not that he included the cost of the war in his budget projections, which is fine. It's that he included a projection of spending the same amount as we did last year in the budget for every year for the next decade.
Nobody believes that we're still going to have 140,000 troops in Iraq in 2019.
Basically, what he's done is the equivalent of my saying "I'm going to buy a new Cadillac every year for the next decade," and then "changing my mind," thus claiming that I've "saved" $50,000 a year.
150 | Athos Thu, Mar 26, 2009 10:13:14am |
re: #34 Sharmuta
I also stuck this in my favorites. I plan to use this a lot.
By the way- where's avanti?
My Clue-by-Four is ready and waiting....../evil laugh
151 | Dustyvet Thu, Mar 26, 2009 10:13:18am |
re: #134 yma o hyd
Hiya, {Dustyvet}!
She is definitely on the mend - not out of the woods by any means, but she started barking, tail is up and wagging, and she's eating.
She is still very sleepy - but right now she's sitting next to me, keeping an eye out for intruder cats who may walk across the wall at the back of the garden - thats a distance of about 50 feet!
She's trying so hard not to fall asleep while on cat-watch, bless her!
Please give her an ear itch and a tummy rub from me and Tiger...:)
152 | Occasional Reader Thu, Mar 26, 2009 10:13:23am |
re: #136 Kragar (Proud to be Kafir)
Can we build a giant cybernetic Nixon as well?
Thank you for your question, Clem.
/off to lunch
153 | NukeAtomrod Thu, Mar 26, 2009 10:13:29am |
re: #147 Kosh's Shadow
Only if we make sure there is no Kissinger to go with it.
Don't worry. He's working for Dr. Venture these days.
155 | Honorary Yooper Thu, Mar 26, 2009 10:13:44am |
re: #136 Kragar (Proud to be Kafir)
Can we build a giant cybernetic Nixon as well?
GMTA (see my #135).
156 | doppelganglander Thu, Mar 26, 2009 10:13:55am |
re: #134 yma o hyd
Hi, yma! Glad Madame is improving. Our Nina has an appointment with the veterinary ophthalmologist for next Tuesday. She's very lethargic, but she is eating and drinking. It's so sad to see her like this.
157 | Randall Gross Thu, Mar 26, 2009 10:14:28am |
Now this is a good talking point, a great message of the day. Don't say you want Obama to fail (even if you do)... instead show everyone how he is failing.
158 | simonml Thu, Mar 26, 2009 10:14:30am |
re: #145 Athos
The Heritage Foundation has some additional information that accompanies their post on this graph...
The left is already starting to mobilize to 'discredit' the graph - claiming that all of the Bush Iraq / GWOT expenditures were 'off budget' and therefore not included - that the huge leap from FY 08 to FY 09 is inaccurate because Bush TARP expenditures are included in FY09 - but that is what it is, and the current Administration is clearly excessively adding to it ($800B Porkulus etc). I think this graphic, and the data behind it in this report will resonate with middle America.
Middle America will look at this, then at their own personal and business budgets, and know that they cannot operate in this manner - and neither should the US Government.
The porkulus bill was necessary...
to get all the Dems reelected.
159 | alegrias Thu, Mar 26, 2009 10:14:35am |
re: #136 Kragar (Proud to be Kafir)
Can we build a giant cybernetic Nixon as well?
* * *
Nixon unfortunately fell for the argument that "Wage and Price" controls would work.
Fortunately Reagan was smarter in the economics department.
160 | Ceemack Thu, Mar 26, 2009 10:14:37am |
A trillion here, a trillion there, and pretty soon you're talking about real money.
It doesn't matter whether or not Rush Limbaugh wants Obama to fail, because he's already a failure.
161 | Karmapolice Thu, Mar 26, 2009 10:14:44am |
re: #143 yma o hyd
Thanks - its really instructive!
Especially the Obamaton comments, teeheehee!
I think their responses are hilarious. They use no logic, they forget history, and they're clearly startled that fewer and fewer people see their messiah as the solution.
162 | AMER1CAN Thu, Mar 26, 2009 10:14:50am |
hmm, me sees the change, but one must ask the great obama if he knows it's going in the wrong way.
163 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 10:15:16am |
The Adventures of Robot Nixon & Zombie Reagan. Sounds like a great comic book.
164 | Kragar Thu, Mar 26, 2009 10:15:36am |
re: #147 Kosh's Shadow
Only if we make sure there is no Kissinger to go with it.
I was thinking of Kissinger on a retractable chain in place of a left fist that could be used as a wrecking ball, but I'm willing to compromise
165 | godfrey Thu, Mar 26, 2009 10:15:42am |
Notice the down spikes start at the end of '01, which as we all know is around 9/11. The US economy took fright. Then the battle in Iraq started in '03, which got pretty expensive.
And yet, DESPITE all those major setbacks, W's administration edged back toward a balanced budget until, IIRC, Dems regained control of spending.
Then came the sharp down-spike in '08, which Congress and Obama have now spiked into the basement, dragging us all down with it.
166 | tfc3rid Thu, Mar 26, 2009 10:16:28am |
re: #165 godfrey
Dragged into the basement, or hell, whatever you prefer....
167 | KenJen Thu, Mar 26, 2009 10:16:58am |
Obamas aunt is facing deportation and his brother in Kenya is ill-maybe with cholera. I wonder what he's doing to help them.
168 | Guanxi88 Thu, Mar 26, 2009 10:17:10am |
re: #136 Kragar (Proud to be Kafir)
Can we build a giant cybernetic Nixon as well?
People of Earth! Put down your crack pipes and beer bongs and listen to me!
169 | jimc Thu, Mar 26, 2009 10:17:31am |
Everyone who voted for Barry should have to apologize publicly....How many times were the lunatic left complaining about how much the Iraq war cost? Where are these pukes now?
170 | Right Brain Thu, Mar 26, 2009 10:17:43am |
re: #148 Occasional Reader
Germany's external debt is presently 155% of its GDP
Ireland is 900%
France is at 210%
United Kingdom is at 456% !
The USA by comparison is at 84%.
China btw is at 5%.
171 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 10:17:48am |
re: #168 Guanxi88
People of Earth! Put down your crack pipes and beer bongs and listen to me!
I'm willing to meet you hippies half-way on this!
172 | alegrias Thu, Mar 26, 2009 10:17:49am |
re: #157 Thanos
Now this is a good talking point, a great message of the day. Don't say you want Obama to fail (even if you do)... instead show everyone how he is failing.
* * **
Thank you, Charles has made it abundantly clear, blogging for Obama to fail is STUPID, and Charles won't stand it on his blog.
We can & must offer better arguments to turn this ship of state in the right direction.
173 | Athos Thu, Mar 26, 2009 10:18:32am |
re: #52 vxbush
But this same image is at the Heritage Foundation. So who really created the image?
The WaPo created it and Heritage used it in their blog post.....the post credits WaPo as the creator.
174 | Killian Bundy Thu, Mar 26, 2009 10:18:55am |
Hey, let's more than double the national debt over ten years and accrue over a trillion dollars in annual interest payments, good thinking!
/how long before the Chinese stop paying for it?
175 | yma o hyd Thu, Mar 26, 2009 10:18:58am |
re: #151 Dustyvet
Please give her an ear itch and a tummy rub from me and Tiger...:)
Will do - with pleasure!
176 | alegrias Thu, Mar 26, 2009 10:18:58am |
re: #160 Ceemack
A trillion here, a trillion there, and pretty soon you're talking about real money.
It doesn't matter whether or not Rush Limbaugh wants Obama to fail, because he's already a failure.
* * **
Billions of people don't think Obama's ideas are going to fail, despite the evidence.
We HAVE to do a better job explaining WHY these ideas are NOT HELPFUL.
177 | BeerDrinking_VictoryMonkey Thu, Mar 26, 2009 10:19:00am |
I gotta get some work done. I'm hitting that "new comments" button like a monkey in a crack experiment.
179 | Catttt Thu, Mar 26, 2009 10:19:35am |
re: #134 yma o hyd
Reminded me of this, for some reason:
Tabby cat terror for black bear
A black bear got more than it bargained for after straying into a family garden in the US state of New Jersey.The unwelcome intruder was forced up a tree - twice - by the family pet, a tabby cat called Jack.
The terrified bear was only able to make its escape when owner Donna Dickey called the hissing cat into the house.
180 | simonml Thu, Mar 26, 2009 10:19:37am |
re: #167 KenJen
Obamas aunt is facing deportation and his brother in Kenya is ill-maybe with cholera. I wonder what he's doing to help them.
He's screwed either way in those situations. Maybe we shouldn't make such a big deal out of his extended family's problems.
181 | subsailor68 Thu, Mar 26, 2009 10:20:38am |
re: #134 yma o hyd
Hi yma! It's nice to hear some good news on the pup!
On the subject of dogs (I'm not a vet by the way), my vet told me something very interesting. Falstaff had heartworms, and another vet had recommended the standard treatment (which as I'm sure you know is brutal). I switched vets, since Falstaff was already a relatively old dog, and I didn't want to put him through it.
The new vet told me that there was a shift in thinking about this. She recommended putting Falstaff on the heartworm treatment again - even though he had them. The new thinking is that there is a relatively short life span in the adult heartworms. IOW, they die off naturally. The problem is the spawning of new worms. The theory is that putting the dog back on the standard heartworm meds won't take out the adult worms, but do kill the new ones. After a certain period of time, the dog is heart-worm free again.
Not sure at this point where the science it, but it sure seems to be something worthwhile to ask the vet about if folks have the problem.
182 | JohnnyReb Thu, Mar 26, 2009 10:20:45am |
re: #174 Killian Bundy
Hey, let's more than double the national debt over ten years and accrue over a trillion dollars in annual interest payments, good thinking!
/how long before the Chinese stop paying for it?
Not very long from what they are saying lately. And there is no on, and I do mean no one left to buy it up if they quit.
183 | Leonidas Hoplite Thu, Mar 26, 2009 10:20:45am |
re: #176 alegrias
* * **
Billions of people don't think Obama's ideas are going to fail, despite the evidence.We HAVE to do a better job explaining WHY these ideas are NOT HELPFUL.
That requires people to read up on history. They'd rather watch drivel like American Idol and Survivor. Just sayin'.
184 | FloridaAnole Thu, Mar 26, 2009 10:20:52am |
And another thing -- shouldn't the deficits on the right hand side be colored BLUE? I mean, since the Dems/MSM (terrified that the populace would associate them with Socialists) hijacked conservative True Blue a decade or so ago, shouldn't they be showing their stolen true colors? Or is the WaPo hoping that readers will assume that this is a Republican "Red State" deficit? Or are they just reflecting standard accounting notation (i.e.) negative numbers/deficits are shown "in the red."
//
185 | unrealizedviewpoint Thu, Mar 26, 2009 10:21:00am |
This spending is needed to save us.
/dems
When it's too late, this will be said to Obama
186 | yma o hyd Thu, Mar 26, 2009 10:21:37am |
re: #156 doppelganglander
Hi, yma! Glad Madame is improving. Our Nina has an appointment with the veterinary ophthalmologist for next Tuesday. She's very lethargic, but she is eating and drinking. It's so sad to see her like this.
Hugs all round to you all, Nina included!
As long as she is eating and drinking, she is basically ok within ehrself, except for that growth. she is probably lethargic, or withdrawn, because its painful, poor little mite!
Prayers to give yo all strength to get through the coming four days, and that appointment!
187 | tomg51spence Thu, Mar 26, 2009 10:22:56am |
So the graph includes:
Optimistic growth
Low inflation
Excludes:
Social security shortfall
Cost of leaving iraq
Cost of healthcare
Any coverage of true institution failures?
Anything going wrong (like failure to auction debt)
Seems President Obama is climbing as high as he can before the fall.
188 | Guanxi88 Thu, Mar 26, 2009 10:22:59am |
re: #176 alegrias
* * **
We HAVE to do a better job explaining WHY these ideas are NOT HELPFUL.
"not helpful" - what, you in the State Department or something?
189 | FrogMarch Thu, Mar 26, 2009 10:23:08am |
obama is going to cut it in half! oh boy! hope and change!
190 | alegrias Thu, Mar 26, 2009 10:23:19am |
re: #169 jimc
Everyone who voted for Barry should have to apologize publicly....How many times were the lunatic left complaining about how much the Iraq war cost? Where are these pukes now?
* * **
That's a communist idea, making people CONFESS PUBLICLY.
Reagan voted for FDR 4 times and was a democrat, until he learned first hand how leftists and union thugs really operated.
We MUST help those who are high on leftism, to accept FACTS instead of fiction, but kindly.
191 | FloridaAnole Thu, Mar 26, 2009 10:23:25am |
re: #140 Irene NYC
Sometimes I wish I had a sock puppet so that I could say what I really think about Obama.
Me too -- except my sock puppet would get itself banned from LGF in record time.
192 | yma o hyd Thu, Mar 26, 2009 10:23:32am |
re: #170 Right Brain
Germany's external debt is presently 155% of its GDP
Ireland is 900%
France is at 210%
United Kingdom is at 456% !The USA by comparison is at 84%.
China btw is at 5%.
Well, PB0 better catch up with Ireland then, hadn't he!
////////////////
193 | KenJen Thu, Mar 26, 2009 10:23:55am |
re: #180 simonml
Im not making a big deal out of it. Just curious. Cute dog on avatar. What breed?
194 | jcm Thu, Mar 26, 2009 10:24:28am |
re: #165 godfrey
Notice the down spikes start at the end of '01, which as we all know is around 9/11. The US economy took fright. Then the battle in Iraq started in '03, which got pretty expensive.
And yet, DESPITE all those major setbacks, W's administration edged back toward a balanced budget until, IIRC, Dems regained control of spending.
Then came the sharp down-spike in '08, which Congress and Obama have now spiked into the basement, dragging us all down with it.
The recession of '01 actually began in Q3 '00 IIRC, Clinton and Co. fudged the data to help Algore in the election. The tech bubble burst on Mar. 10, '00, then just as that was settling out was 9/11. The economy took a double whammy.
GWB and the congress did not help by the spending.
The current financial is not a natural cycle, it was caused by government tweaking the housing markets. Now the "solution" proposed by the Administration and Congress is to tweak the entire economy.
A recipe for disaster.
195 | yma o hyd Thu, Mar 26, 2009 10:24:46am |
196 | That's Mr. President to you Thu, Mar 26, 2009 10:25:02am |
I think this post presents an excellent opportunity to discuss the three main thrusts of what my plan was designed to do:
(1) Create more union jobs
See all of that "red ink"? Well it turns out that making "red ink" employs a lot of union members. More so than making black ink. When I discovered this fact, I got on my BlackBerry and emailed all of my staff - "I want Red Ink everywhere!" Clearly, this has been carried out.
(2) Create an opportunity to blame Republicans
Rahm likes to say "Don't waste a good crisis." Well I like to say "Why let a good crisis end?" I get to say things like "we inherited this" and "George Bush ran up bigger deficits than anyone" and so forth. Clearly, we can ride this one for several election cycles.
(3) Destroy wealth as opposed to just redistributing it
As many have mentioned here before, wealth distribution efforts have almost always fallen short in industrialized economies. They lead to lower productivity and burden the economy with a larger welfare state. Well I was sent to Washington for Change. I can't think of a more novel and innovative approach to wealth distribution that simply destroying wealth. Tax the crap out of producers while radically expanding the ruling public sector and use every opportunity and resource of the government to demonize wealth creation as greed, selfishness, risky and unpatriotic.
198 | Perplexed Thu, Mar 26, 2009 10:25:33am |
Well, when our money is as worthless as Zimbabwe's it will hurt the rich as well. The good thing is that we could pay our mortgage off with pocket change. Every time the budget deficit is brought up DA ONE spouts off with "we inherited this deficit" while failing to acknowledge that his actions increase that deficit by at least 1-2 orders of magnitude.
He and the 'rats should have problems the next election cycle, but with voter fraud rampant (ACORN) there might be no time left to deal with problems. Couple this to the gross violations of the US Constitution and we have some serious issues.
199 | Leonidas Hoplite Thu, Mar 26, 2009 10:25:52am |
re: #197 Iron Fist
And we'll get the inflation anyway. I don't see how hyperinflation can be avoided at this rate. I don't know whether to pay off my credit cards or max them out (Shit or go blind? Shit or go blind? Shit or go blind? Shit or go blind?)
:-)
Payoff your credit cards and use the extra cash flow to buy gold.
200 | simonml Thu, Mar 26, 2009 10:25:53am |
re: #193 KenJen
Im not making a big deal out of it. Just curious. Cute dog on avatar. What breed?
Half Chihuahua half Pomeranian. I nicknamed that the "yippiest breed ever."
201 | Guanxi88 Thu, Mar 26, 2009 10:26:21am |
re: #170 Right Brain
Germany's external debt is presently 155% of its GDP
Ireland is 900%
France is at 210%
United Kingdom is at 456% !The USA by comparison is at 84%.
China btw is at 5%.
So, is this how Barry plans to restore us to a world-leadership position?
202 | Athos Thu, Mar 26, 2009 10:26:26am |
re: #165 godfrey
Notice the down spikes start at the end of '01, which as we all know is around 9/11. The US economy took fright. Then the battle in Iraq started in '03, which got pretty expensive.
And yet, DESPITE all those major setbacks, W's administration edged back toward a balanced budget until, IIRC, Dems regained control of spending.
Then came the sharp down-spike in '08, which Congress and Obama have now spiked into the basement, dragging us all down with it.
Excellent points. VDH, in his Pajamas Media blog hits this homerun -
Despite his stalwart efforts to keep us safe for seven years after 9/11 (and we will in time come to appreciate the magnitude of his Trumanesque achievement), had Bush left something akin to a balanced budget, it would have been far easier now to have convinced the public of the pernicious legacies of the far larger Obama deficits (remember the new Orwellian subtext, “We must borrow and spend in order to save and cut”). What are conservatives to say of Obama’s $1.7 trillion annual deficit? “My God in Heaven, that rascal trumped our $500 billion shortfall three-times over!”
The odd thing is that despite 9/11, Katrina, Iraq, and the tax cuts, had Bush just kept discretionary domestic spending at the rate of inflation, we would have been near budget surpluses by 2005. By January 2007 when Bush had lost the Congress and wished to repent and reform, the game was lost and there was no chance of financial sobriety. Now, our best and brightest suggest that taxing and spending, and printing and borrowing money will lead to financial stability, as if it has in the past in prewar Germany, present -day Zimbabwe or 20th-century Argentina—or 1979 America.
California, once again is a canary in the coal mine - over the last 6 years, spending increased 40% while revenues increased 25%. If California increased its spending at the rate of inflation, then it would not be in the current fiscal crisis.
203 | Perplexed Thu, Mar 26, 2009 10:26:40am |
re: #167 KenJen
Obamas aunt is facing deportation and his brother in Kenya is ill-maybe with cholera. I wonder what he's doing to help them.
NOTHING. They can't vote for him.
204 | Athos Thu, Mar 26, 2009 10:28:45am |
re: #194 jcm
I wish I could give your comment a dozen updings! Well said!
205 | alegrias Thu, Mar 26, 2009 10:29:17am |
re: #183 Leonidas Hoplite
That requires people to read up on history. They'd rather watch drivel like American Idol and Survivor. Just sayin'.
* * **
I disagree with your premise. One could argue it's a better use of your time to watch American Idol & survivor than to suffer through Obama's press conferences.
Please give the American people the benefit of the doubt. Plenty of former FDR democrats became Reagan supporters because Reagan had a higher opinion of Americans and their abilities, than the democrats.
We can appeal to people's higher values for self-determination regardless of their education level.
206 | yma o hyd Thu, Mar 26, 2009 10:29:37am |
re: #181 subsailor68
Hiya - thats really interesting!
Thankfully - heartworms are not at all common in the UK - they thrive in warmer climates.
They have only been seen here occasionally, since we got this 'Pet Passport', which allows, under great restrictions, dogs to go on holidays with their owners - to Spain and such countries. Thats where they get infected.
I have to say that most vets here are on top of their science, even the older ones - and while tis expensive, they do treat the animals better and faster and with more consideration than quite a few human doctors treat their human patients ...
207 | alegrias Thu, Mar 26, 2009 10:30:23am |
re: #188 Guanxi88
"not helpful" - what, you in the State Department or something?
* * **
Rummy Rumsfeld always said that--it's understatement, get it?
208 | Leonidas Hoplite Thu, Mar 26, 2009 10:30:25am |
re: #205 alegrias
* * **
I disagree with your premise. One could argue it's a better use of your time to watch American Idol & survivor than to suffer through Obama's press conferences.Please give the American people the benefit of the doubt. Plenty of former FDR democrats became Reagan supporters because Reagan had a higher opinion of Americans and their abilities, than the democrats.
We can appeal to people's higher values for self-determination regardless of their education level.
Fair points, thank you.
210 | unrealizedviewpoint Thu, Mar 26, 2009 10:30:50am |
re: #202 Athos
California, once again is a canary in the coal mine - over the last 6 years, spending increased 40% while revenues increased 25%. If California
increased its spending at the rate of inflation,simply decreased its democrats then it would not be in the current fiscal crisis.
213 | tutor turtle Thu, Mar 26, 2009 10:32:44am |
Looking at that graph, I feel like I've been tossed out of an airplane, sans parachute... And my "intelligent" friends still can't see past the unicorns. All long the lines of, G*d helps those who help themselves...
I read an article by Ann Coulter (two years ago?) after 0-Bummer was swept, mysteriously unopposed, into his congressional seat, and seemed to be poised for the presidential run; she urged everyone to read Alinsky's "Rules for Radicals" to understand his play book. Based on the fact when BHO taught a community organizing class at U Chicago, there is a picture of him, in the classroom, with Alinsky's talking points up on the black board. This photo appeared on a BHO campaign flyer. Although it may seem akin to closing the barn door after the horses are loose, I still think it's worth a read to understand the method to his insanity, maybe even head off the worst that is yet to come. Gen. George Patten read Rommel's book after some devastating losses, and used it to his advantage in the African campaign, why not get some inside baseball on this Marxist? What could it hurt?
214 | jimc Thu, Mar 26, 2009 10:33:26am |
re: #190 alegrias
* * **
That's a communist idea, making people CONFESS PUBLICLY.Reagan voted for FDR 4 times and was a democrat, until he learned first hand how leftists and union thugs really operated.
We MUST help those who are high on leftism, to accept FACTS instead of fiction, but kindly.
I didn't say make them, the should have to as in being compelled by their own guilt...
215 | unrealizedviewpoint Thu, Mar 26, 2009 10:33:32am |
re: #209 Iron Fist
Punished with a baby! You know, sometimes I don't think Obama really thinks very much about what he is saying. By his own statements he seems to be saying that he should have been aborted. I don't believe he has thought his position through to that point, though.
Imagine -
216 | godfrey Thu, Mar 26, 2009 10:33:34am |
re: #213 tutor turtle
I've read it. It's definitely O's playbook. Emmanuel's, too.
217 | alegrias Thu, Mar 26, 2009 10:34:01am |
re: #194 jcm
The recession of '01 actually began in Q3 '00 IIRC, Clinton and Co. fudged the data to help Algore in the election. The tech bubble burst on Mar. 10, '00, then just as that was settling out was 9/11. The economy took a double whammy.
GWB and the congress did not help by the spending.
The current financial is not a natural cycle, it was caused by government tweaking the housing markets. Now the "solution" proposed by the Administration and Congress is to tweak the entire economy.
A recipe for disaster.
* * * *
President Bush had to spend on the War on Terror, plus to replenish the military which Clinton pruned to spend as "Peace Dividend".
It's true Bush didn't veto more wasteful spending, but he rightly spent his capital trying to win the wars that started on his watch, and defending our country.
218 | realwest Thu, Mar 26, 2009 10:35:41am |
re: #98 pink freud
Y'all should notice that Politico also has a story up about the GOP's proposed "positive" alternate budget proposals: [Link: www.politico.com...]
219 | formercorpsman Thu, Mar 26, 2009 10:35:59am |
Thank you Charles, (sincerely) for giving this face time. For all of the disagreements people might have over how far right, how far center, how far left, what issues the sides must champion, this is an issue that really has no party affiliation if we are to examine it in the most honest of terms.
Along side terrorists with WMD capability, this is just as much a dire threat to our Republic as any. It enslaves our future generations to the greed, and incompetence of our past.
This is truly scary stuff.
Although I take him with a grain of salt, Dick Morris wrote an article a couple of months ago, as it relates to this massive debt. It was an interesting read. I will try to look it up if I have time, it seems to dovetail perfectly with what you have here.
221 | Mr. In get Mr. Out Thu, Mar 26, 2009 10:43:01am |
As a reminder, this graph needs to be shown everyday.
222 | jcm Thu, Mar 26, 2009 10:48:07am |
re: #217 alegrias
* * * *
President Bush had to spend on the War on Terror, plus to replenish the military which Clinton pruned to spend as "Peace Dividend".It's true Bush didn't veto more wasteful spending, but he rightly spent his capital trying to win the wars that started on his watch, and defending our country.
Very, true. I should have clarified... Domestic Spending.
223 | DaddyG Thu, Mar 26, 2009 10:48:11am |
re: #36 MandyManners
I hope everyone who refused to vote for John McCain because he wasn't conservative enough is fucking happy now.
Classic Karma Gold.
What frightens me about the stimulus money and bailout money is that no one seems to know where it is going. I fear instead of building infrastructure and providing services the money is really going for bad debt, political favors and federal administrivia. Nothing this administration has said or done dispels that fear.
Georgia's constitution requires a balanced budget and we're practicing good old fashioned belt tightening. Too bad congress has repeatedly declined to show that kind of self discipline.
224 | lawhawk Thu, Mar 26, 2009 10:52:39am |
That chart is pretty bad, but it's even worse when you start calculating the culmulative effect of all that debt. Obama is more than doubling it in his first year (60 days!). He then goes on to double it again. He also has no problem running higher debt than Bush did at any part during Bush's term in office.
Yet Obama says that the problem is inherited.
Well, in a manner of speaking, it is.
Politicians have inherited this belief that they can spend money with no regard for the fiscal impact it has down the line. They are fiscally irresponsible and no one wants to deal with the repercussions.
225 | tomg51spence Thu, Mar 26, 2009 11:10:42am |
Congress will need to figure out how to cancel existing programs in order to right the budget in the future.
Is there any precedent?
226 | songbird Thu, Mar 26, 2009 11:27:51am |
re: #2 Sharmuta
I want to protest!
Las Cruces, New Mexico Tax Day Tea Party!
On Facebook
On the national Tax Day Tea Party Web Site
229 | Dasher Thu, Mar 26, 2009 11:44:55am |
This chart is a little different. It is the sequential federal debt increase per fiscal year. The deficit number excludes some times like SS surpluses so that the numbers look better.
230 | Dasher Thu, Mar 26, 2009 11:49:15am |
re: #225 tomg51spence
Congress will need to figure out how to cancel existing programs in order to right the budget in the future.
Is there any precedent?
The only program to ever be actually cut is defense.
231 | A.W. Thu, Mar 26, 2009 11:50:43am |
re: #99 Sharmuta
All i can say is i just keep wishing this was all a nightmare and i was about to wake up. I am seriously at the "is he screwing up on purpose?" stage. I am continually stunned at how bad he is at his job. this makes me miss the good old days of clinton's early days in office. Say what you will about clinton, but he had some administrative talent.
Guys, seriously, I hope you realize this is what happens when you elect a man who has never run anything more than a campaign. mccain was mainly a senator, too, but at least he led a squadron. But God, i wish we were wise enough to have elected Rudy Guiliani. He wouldn't have taken the oath of office on the bible, but on the severed head of Osama bin Laden.
232 | RaiderDan Thu, Mar 26, 2009 11:52:55am |
I noticed the Washington Post closed the article for comments?
Hmmm. Why in the WORLD would they do that?
233 | RaiderDan Thu, Mar 26, 2009 11:55:02am |
And if nobody else said it already.
This graphic is RACIST!
234 | tomg51spence Thu, Mar 26, 2009 12:13:35pm |
re: #230 DasherThe only program to ever be actually cut is defense.
I was afraid of that. Cut the federal governments biggest responsibility.
Perhaps the new health care, green energy, and so on can be touted and written as needed for national defense, then have defense contractors enact them - Ratheon windmills and healthcare equipment, GE electric cars and MRIs, Halliburton tents and food for the displaced.
Then we can cut defense spending down the road.
235 | Dreader1962 Thu, Mar 26, 2009 12:13:44pm |
Note that in 2012, even the White House 'rosy' estimate shows a larger deficit than Bush's worst deficit in 2008.
It gets even worse the farther you go forward, into 2019. This is supposed to be CHANGE? How is Obama different from that nasty ol' Bush when it comes to fiscal responsibility?
237 | Dasher Thu, Mar 26, 2009 12:42:58pm |
re: #235 Dreader1962
Note that in 2012, even the White House 'rosy' estimate shows a larger deficit than Bush's worst deficit in 2008.
It gets even worse the farther you go forward, into 2019. This is supposed to be CHANGE? How is Obama different from that nasty ol' Bush when it comes to fiscal responsibility?
Bush was a piker.. Obama deficits will exceed those of the sum of all 43 presidents who preceded him combined.
238 | Killer Tomato Thu, Mar 26, 2009 12:50:49pm |
re: #226 songbird
I want to protest!
Las Cruces, New Mexico Tax Day Tea Party!
On FacebookOn the national Tax Day Tea Party Web Site
I went on the site - I copied the logo onto a blank 8 1/2 x 11 sheet of paper and included the website address. Underneath that I listed the event locations and times for 3 of the states in this area (MA, RI, NH). I'm printing a bunch of these out and will be posting them on the community bulletin boards of local grocery stores, etc., and handing them out to family, friends, co-workers, etc.
239 | code red 21 Thu, Mar 26, 2009 1:09:04pm |
re: #14 Ringo the Gringo
If I were more conspiratorial minded, I'd say he was trying to bankrupt the country.
He is so he can remake it in the vision he has for a new socialist heaven on earth where everyone is equally miserable.
241 | Smorgasbord Thu, Mar 26, 2009 4:28:49pm |
FEDERAL GOVERNMENT ISSUES ZERO ALERT
THE FEDERAL GOVERNMENT IS ISSUING THE FOLLOWING ALERT
Due to the increased demand of our zeroes, they are now in short supply. Please conserve your zeroes. The Federal government needs all we can get. During the wars in other countries we asked you to conserve certain items so that our soldiers fighting over there would have the food and supplies they needed.
Your country is calling on you again to show your patriotism by conserving our zeroes. This time we need more zeroes. There are more zeroes going out than coming in. Please cut back on your use of them. If you have any extras, please turn them in to us.
Please send your extra zeroes to:
Secretary of the Treasury
Timothy F. Geithner
1500 Pennsylvania Avenue NW
Washington DC 20220
He will make sure they are distributed where they are needed most. He is an expert on zeroes.
Secretary Geithner feels that if we can link enough of the zeroes together we can end our financial crisis. Right now there aren’t enough zeroes to form a long enough link. You could be “THE MISSING LINK” that supplies the zero that makes the number big enough to end the financial crisis. It is your duty as a citizen of the USA to do your part in saving, collecting, and sending us your zeroes.
You could start a local drive to collect zeroes, just like they did during the wars to collect metals and other items. Any patriotic citizen would be proud to give your group their extra zeroes. You will be a hero to your community and to your county.
As we did with the wars we fought all over the world, we need to pull together as a nation to end the financial crisis. We need to send Secretary Geithner all the ammunition he needs to fight this war. He needs your zeroes. It would be tragic if we were only one zero short of our goal. Don’t be THAT missing zero. If a soldier runs out of bullets, they have little chance of serving. If Secretary Geithner runs out of zeroes, we could loose this war.
TRAVELING IN OTHER COUNTRIES
If you travel to other countries, and they let you get some zeroes, please get as many as you can. Even if you can only get a few, that will help us end this economic crisis that much sooner. A zero is the same in any country, so the ones they use in the country you visit will work her in the USA. There is no limit on how many you may bring into the USA. Customs has been alerted, and any zeroes you bring in will be collected there. They will expedite the transfer of your zeroes to Secretary Geithner.
WAYS TO SAVE YOUR ZEROES
(1) When you pay for items, don’t pay in even dollars. Pay the exact cents of the bill. That will give you two zeroes on most transaction.
(2) Pay for each item individually instead of all of them at once, following rule number (1).