Bush Budget Would Bring Record Deficits »
Posted By not2needy 1 year, 9 months ago in Business & FinanceWASHINGTON - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
Read Full Story at news.yahoo.com »
228 Views Share Story 71 Comments Report
Submitted By:
not2needy
Hi And Welcome
I am a Christian, Wife, Mother of one son, Liberal, and retired social worker. I enjoy my computer, gardening, reading, cooking and ...
Other Related Articles:
Why not submit a story?
RSS Join the Discussion
+ Add CommentShowing 240 of 264 Comments (view all)
-
Neutral
Aotearoa1 year, 9 months ago
This comment is below the standard viewing threshold View It »
Mite as well spend while he can cos his legacy is already set. The Demos in the Senate better put up a fight because the people come Novermber are going to remember all this when they vote. On that note I guess the repugs will have no chance in being the next commander in chief with the mess king george will leave the country with.
leve leva e malanga kae tau
Reply-
Neutral
Endoscopy1 year, 9 months ago
This comment is below the standard viewing threshold View It »
Democrats cripple defense and intelligence and complain when it has to be fixed. Bush spends like a Democrat and the Democrats complain. Explain this to me. Clinton was dragged kicking and screaming to a balanced budget when the Republicans took congress. He wanted to draw it down going to for several years. After it was forced on him he and the Democrats act like it was his idea. Where does most of the money go with Bush. Social programs and the Democrats whine that it is not enough. They want to make health care for children universal. They want to add to the stimulus probram that has been proven not to work.
Whine, whine, whine
Spend more, spend more, spend more
Budget deficit, budget deficit, budget deficit.
Raise taxes, raise taxes, raise taxes
Reply
-
-
Neutral
not2needy1 year, 9 months ago
This comment is below the standard viewing threshold View It »
FTA:
The Pentagon would receive a $36 billion, 8 percent boost for the 2009 budget year beginning Oct. 1, even as programs aimed at the poor would be cut back or eliminated. Half of domestic Cabinet departments would see their budgets cut outright.
Slumping revenues and the cost of an economic rescue package will combine to produce a huge jump in the deficit to $410 billion this year and $407 billion in 2009, the White House says, just shy of the record $413 billion set four years ago.
Yet again it's the poor who suffer, and rich rake it in.
Reply-
Neutral
Candida1 year, 9 months ago
This comment is below the standard viewing threshold View It »
I find it absolutely amazing that he can say with a straight face things like "Our formula for achieving a balanced budget is simple: create the conditions for economic growth, keep taxes low and spend taxpayer dollars wisely or not at all," while announcing a $410 billion deficit. (Actually $610 billion because the approximately $200 billion needed for the wars are not included.) I guess he means that achieving a balanced budget should be simple for for a competent leader, even though he could not manage go get even close to it.
Reply
-
-
Neutral
Bkumm1 year, 9 months ago
-
Neutral
BronxBomber1 year, 9 months ago
This comment is below the standard viewing threshold View It »
Yep! Bkumm! He wants to make cuts to Medicare, and Medicaid so that he can supplement tax breaks to the rich. He really was born in a wrong time. He really should've been born back in ancient Rome where despotic consuls were corrupted,and were dealt with promptly. They were 'cut' to the quick if you know what I mean.
Reply
-
-
Neutral
Eagle_Eye1 year, 9 months ago
This comment is below the standard viewing threshold View It »
"programs aimed at the poor would be cut back or eliminated"
That has been going on since Reagan and Bush 1!!!!
I can't wait till this shiz is over!!!! I wonder if we will ever get out of this hole he has dug us into?
I wonder if the world will ever respect America again....
Reply-
Neutral
blinkers1 year, 9 months ago
This comment is below the standard viewing threshold View It »
I wonder this too, EE.
It is truly disheartening to see the sinking regard in which America is held, around the world. But there are encouraging signs that, internationally, people do realise that these times are passing, and that there remains the promise, somewhere up ahead, that things will be change -- for the better.
Reply -
Neutral
pongping1 year, 9 months ago
This comment is below the standard viewing threshold View It »
As despicable as Bush is, he did not get us there alone. He has had a very willing Congress and was reelected. We the people have not been very responsible. We let ourselves be made to believe Britney Spears' latest episode has more bearing on our lives.
Reply -
Neutral
canadianrancher571 year, 9 months ago
This comment is below the standard viewing threshold View It »
EagleEye- there was a poll done up here and 52 percent of Canadians feared your present government as only 21 percent for Iran and 19 percent for Iraq, also 15 percent said they would give up their right to vote in our next election if they could vote in your upcoming election. I think as neighbors we would be the first to to stand beside you again as most Canadians know that everyone makes mistakes. Don't ever forget we are your biggest fan and we are pulling for you, but just not on your present course.
Reply
-
-
Neutral
Amazing11 year, 9 months ago
This comment is below the standard viewing threshold View It »
God forbid we should spend the taxpayer money on the PEOPLE. Instead, Bush is intent on spending it for WARS and OCCUPATIONS far away from the United States. That's really caring about the populace. That's such smart thinking. It will make us ever more hated in the world as his buddies at Halliburton and Blackwater line up for ever more no-bid contracts. This arrogant frat boy needs to be impeached! We need government OF, BY and FOR the PEOPLE. And every politician needs to start thinking about just how angry the populace is becoming.
It is time for a new tea party!
Reply -
-
Neutral
Searchbeam1 year, 9 months ago
This comment is below the standard viewing threshold View It »
How should we describe this trash can?
Drunken sailor?
Spoiled rotten kid of filthy rich and arrogant opportunist?
An as* looking for a hole?
Blight?
Incompetent, lazy imbecile?
A blister on the But* of capitalism?
Take your pick!
He is going to do a lot more damage before he leaves town!
Impeachment Now, Vigilance Forever!
Peace and Blessings!
Reply -
-
AtheismIsRealityComment removed: Retracted by user4 Replies
-
-
Neutral
blinkers1 year, 9 months ago
This comment is below the standard viewing threshold View It »
It's doubtless a good call, ANC, but I fear the inclination, resources, and time are all lacking. He will mosey on back to the ranch, come January 2009, put his feet up (even more than when he was POTUS!) and laugh and joke about the good old days, with his good old buddies.
(Maybe step out one or twice to read a prepared speech at the opening of his own library -- or some equally galling event).
Reply -
-
-
-
Neutral
Mdiar1 year, 9 months ago
-
Neutral
Mdiar1 year, 9 months ago
This comment is below the standard viewing threshold View It »
Anyway great post! Here is MY formula for an economy! First of all get out of Iraq! Secondly lets stop acting as the police of the world, though we should certainly remain vigilant and keep a standing army for defensive purposes. That'll save quite a bit of cash right there! Third of all raise taxes and don't raise spending, except where absolutely necessary. Reinstate alot of the social programs that are now gone and legalize marijuana (I know, I know, controversial) so we can save cash on trials involving it and tax the hell out of it as well. Do what Romney did in Massachusetts with fees... raise those a bit, at least the corporate ones. You know, fee to put up signs on the road for advertising and the like? Lastly, and I have no idea how to realistically do this at this point, try to recreate that industrial base we used to have. Also, lets try to regulate the medical industry a bit... not necessarily universal health care, but insure the pricing is fair.
Reply
-
-
-
-
Neutral
nostalgia1 year, 9 months ago
This comment is below the standard viewing threshold View It »
A budget from any president is a waste of time and effort!
It is Congress who controls the purse strings
An article in the local paper states that the budget is $3.1 trillion. The cuts are $18 Billion - chump change in DC
Do the math - isn't that less than 0.59%???
Congress is the one fiddling while Rome burns. Medicare, SS, Medicaid etc are spiraling out of control and Congress is doing NOTHING!
As these programs consume more and more of the budget we are nearing a tipping point - the budget will NEVER be balanced let alone pay down the debt
And listen to the people running for president - one new program after the other when they are unable to fund the current programs
The insanity which goes on in DC by ignoring the serious budget problems is absolutely astonishing!
Reply -
Neutral
budoinst1 year, 9 months ago
This comment is below the standard viewing threshold View It »
It just continues on and on. Our future generations will suffer most of their lives on account of this dolt. The debt is incredible, our real estate worthless, our dollar worthless, a war that seemingly cannot be won, hate and distrust in our own country, etc.
What have we done??!! Hopefully his last year will not be a continued free ride.
Reply -
-
-
Neutral
Endoscopy1 year, 9 months ago
This comment is below the standard viewing threshold View It »
What a bunch of whiners.
Entitlements are out of control. Democrats want us to get more out of control like Britain is. They are telling people to self treat arthritis and heart disease to cut costs in health care.
It is a fallacy that companies pay taxes. Taxes are treated like any other cost of doing business. At the end of the day there will be left a reasonable profit. The customers pay for all expenses and profit. therefore the customers of the business pay the tax. The most foolish companies to tax is the defense industry or any other business that sells to the government. The government is paying the taxes that those companies give. It is just indirect.
The rich are not paying enough taxes.
top 10% of people pay 67% of the taxes
bottom 50% of people pay 3% of the taxes
But don't let facts get in your way of your rants.
Reply-
baddad59Comment removed: Retracted by user
-
-
-
-
Neutral
Obaku1 year, 9 months ago
This comment is below the standard viewing threshold View It »
And the top 1% own 75% of the assets, and their income increases, INCREASE, each year by MORE than the total income of the bottom 20% !!!!
The real income, not measured in a rapidly inflating dollar, of the bottom 80% falls, FALLS, each and every year.
The Federal Reserve accepts worthless paper (T bills) from the government, in exchange it gives the banks more worthless paper - "dollars", which they use to continually paper over the yawning chasms in their balance sheets. Mountains of paper dollars chase after a dwindling pile of resources, day after day, week after week, year after year.
There are $50 trillion dollars out there in government promises than can never be kept, promises to pay that will never, can NEVER, be met. And many times that in the 'derivatives' market. Add to that the adjoining mountains of municipal debt, consumer debt and corporate debt (from 'leveraged' buyouts) and you might begin to see what will happen when these mountains of filth collapse.
Reply -
Neutral
quackpot1 year, 9 months ago
This comment is below the standard viewing threshold View It »
The ultra rich ONLY pay 67% of the taxes? When they control nearly ALL of the wealth?
SHAME SHAME SHAME on welfare for the ultra-rich.
Oh pardon, the Ultra-rich are far fewer than the top 10% and they pay FAR FAR FAR less than the 67%.
STOP WELFARE FOR THE RICH
Reply -
Neutral
ADAGUY1 year, 9 months ago
This comment is below the standard viewing threshold View It »
"It is a fallacy that companies pay taxes"
What do you use for brains when you're sitting down?
If the comment above were true, why do so many companies, (like Haliburton and Stanley Bostich) move their offices off the US mainland to avoid taxation? I'll bet they don't know that they aren't paying taxes! Perhaps you should tell them the good news!
Reply
-
-
-
Neutral
Mdiar1 year, 9 months ago
This comment is below the standard viewing threshold View It »
I don't think Bush can veto a budget refusal as Congress sets the budget anyway. More specifically I believe the House sets it. All that Bush has done is suggest a budget to Congress and they have the ability, if they wish to, to simply ignore him as they vote it down.
Reply
-
-
Neutral
nikkibabe1 year, 9 months ago
This comment is below the standard viewing threshold View It »
This is what happens when uneducated neo conservatives who are opposed to gays and abortion put a total idiot in charge of the economy.
Anti Gay Anti abortion = total economic collapse.
. inherit surplus, leave in debts
. give tax relief to warren buffet, bill gates & then cut medicare & medicaid, children's health programs and hospitals.
. invade and occupy another country and run up $ trillion in loans from China to pay for it.
Reply -
-
-
-
-
Neutral
miklkit1 year, 9 months ago
-
-
Neutral
Searchbeam1 year, 9 months ago
-
-
-
baddad59Comment removed: Retracted by user
-
-
-
-
Neutral
charliebrown081 year, 9 months ago
This comment is below the standard viewing threshold View It »
You all seem to forget about all the handouts that the CLINTON FAMILY took from the Saudis and are still taking. Slick Willie Clinton has been making millions from a company who cheats old people on fixed incomes. Congress has been controlled by demwits for the last 2 years and was only controlled ny Repubs for a few years before that and before that was controlled by demwits for over 40 years, and don't forget also that it was a dem pres that got us into it in the first place, even this war.
Reply
-
More News
Daily Finance
Michael Mauboussin's 'Think Twice': A cautionary tale for investors
Alternative energy down on the farm: A still-untapped resource
In a Congress of millionaires, Republican Anh Cao voted for poor New Orleans
Tom Sosnoff: A Q&A with the $600 million man behind Thinkorswim
Why the coming natural gas boom isn't all it's 'fracced' up to be
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.