Comments for 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.
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Aotearoa1 year, 9 months ago
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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
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Endoscopy1 year, 9 months ago
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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
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capecoralMComment removed: Retracted by user45 Replies
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dunkirk1 year, 9 months ago
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ROFLMAO, he was dragged by a Republican congress? The same Republican controlled congress that 4 years agi generated a record 413 billion dollar debt? Seems if I remember right CLinton shut down the government when that fiscally (ROFLMAO) responsible Republican controlled congress refused to do just that.
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NoWayMan1 year, 9 months ago
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endo wrote: "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."
First, dems don't cripple defense spending, especially since the US spends more on defense than the rest of the world combined. AND was it the dems who secretly tried to remove money from things like R&D programs for bomb detection equipment? No, it was Bush who did that.
And Bush spends WAY MORE than any democrat ever spent. that's just the truth, so deal with it. "Bush spends like Reagan" would be a better comparison, since he's the guy who started the idiotic republican cycle of fiscal irresponsibility: spend spend spend way beyond our means.
I stopped reading right there since endo's first two points were so absolutely stoooopid.
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not2needy1 year, 9 months ago
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Welfare_Made_Me_RichComment removed: Retracted by user3 Replies
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MRCOFFEECAKE1 year, 9 months ago
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endo gets -17 with my vote.
How DARE you say that Bush spends like a Democrat?
Democrats would not be rewarding war profiteers such as the Carlyle group, Halliburton and Blackwater.
Did you know that Blackwater has been recruiting our own soldiers to sign on with them and stay to make "tons more money"?
Democrats would not reward Exxon and Texaco while airlines are struggling to pay fuel increases and BOTH of those expenses are passed on to the taxpayer with higher travel and home heating costs.
You still defend the indefensible.
You PATHETICALLY heap praise on a Republican congress that balanced the budget, but they have never lost power, so why don't you blame them for the deficit? Your "logic" is mind boggling, but whittled down to the point where only a fool would accept it.
Your scare tactics are representative of the ramblings of angry old people. Those same angry old people occupy congress and got us into this mess! Try thinking young,
it's refreshing!
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mesodude1 year, 9 months ago
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"You PATHETICALLY heap praise on a Republican congress that balanced the budget, but they have never lost power, so why don't you blame them for the deficit? "
--For the same reason they claim that Bush can't do anything about sky high gas prices (I'm guessing begging OPEC to increase oil production as he did last month doesn't qualify as "anything") and then turn around and tell us we should be grateful (when prices decrease temporarily) because Bush "gave" us lower prices. They're hypocrites.
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IcCaRus1 year, 9 months ago
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ok fellas
i have to speak up. all this "angry old people" talk is a little offensive, not to mention inaccurate.
some of us "angry old people" remember the 60s and 70s. we remember kent state, we remember watergate, the cover-up, the "enemies list", the "secret wars" in laos and cambodia.
first of all, WE taught YOU what social liberalism is. WE taught YOU what dissent and protest are.
and if we're "angry and old" its because weve been fighting these fascists who would hand our country over to the military-industrial corporate complex, and those whose goal for america is somwthing akin to "1984" for the last 40 years. thats enough to make anyone angry. as for old, given the alternative (DEAD) ill take old anyday!
its time for the next generation to get involved and take up the torch. do U have what WE did? will YOU stand up, protest, go to jail for what you believe, like WE did?
continued
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MRCOFFEECAKE1 year, 9 months ago
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But it was the angry old people (with archaic minds)
that you and we have been fighting since the days of Marie Antoinette..You see, you may believe that you are old,
but your mind is as young as ever...
It is only the former warriors who give up as they age that
fall out of the picture, but they do not grow old and angry.
They grow old and frustrated, but they should keep fighting and they won't be frustrated.
They say a conservative is a liberal who hasn't been mugged yet, but I say that a liberal who has been mugged was just in the wrong place that day and nothing should change their resolve.
The term was meant to paint the image of selfish, mean-spirited hateful, blame everyone else or, send someone else's kid off to war, in the case of the wealthy, to protect what is theirs, kind of "old man's mentality" that we have all been struggling to change for hundreds of years..
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mesodude1 year, 9 months ago
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"Democrats cripple defense and intelligence and complain when it has to be fixed. Bush spends like a Democrat and the Democrats complain."
--Pure BS. If you cons thought national defense was so "crippled," what the hell made you think illegally invading Iraq while we were already in the midst of a war in Afghanistan was such a bright idea? Is that something you do when your military is "crippled"?
And it's funny that when the wingers were in charge under Clinton, you sure didn't hesitate to hold *his* feet to the fiscal responsibility fire. What happened to your tight grip on the purse strings when Chimpy stole into the White House in 2000?
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not2needy1 year, 9 months ago
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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.
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Candida1 year, 9 months ago
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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.
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Bkumm1 year, 9 months ago
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BronxBomber1 year, 9 months ago
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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.
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not2needy1 year, 9 months ago
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It almost seems like that's the kind of govt he has tried to establish here, only problem was, he didn't have enough time.
Given another few years, this would be Nazi Germany all over again. As it is we're headed toward being a third world country, with a few having it all, and the rest of us begging for table scraps.
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blinkers1 year, 9 months ago
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He said it himself, not2needy, some time ago -- the people he likes are the "Haves and the Have-mores", they are HIS people.
This flippant one-liner, thought gross at the time, turns out to encapsulate his entire economic thinking. If you're outside this group of super-rich super-powerful, you almost literally don't count. How despicable is that?
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Searchbeam1 year, 9 months ago
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Ante,
I wish we had a way to "Re-boot" the current Presidency and run a Virus check to remove all the hidden viruses and malware put in there by this hacker! And then put a firewall of Constitutional controls to stop his dirty hands from launching viral attacks again.
But because he is not a software, we cannot de-bug him!
So, the only things we can do is:
Impeachment Now, Vigilance Forever!
Peace and Blessings!
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Endoscopy1 year, 9 months ago
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Yes, The Gestapo is in the planning stages for later this year. He will use them to only let Republicans vote in the Senate to create a fast track amendment to the constitution so he can stay in office as emperor. Anybody saying anything against him will be taken out and disappear.
NOTHING in this administration or any other has any resemblance to the Nazis of Germany. They started a war that cost 40 million people their lives.
You are very foolish. You talk like an idiot when you Demoshrills compare any administration to the Nazis. You are very disgusting. You either are very ignorant about the Third Reich or you enjoy hate rhetoric. And this from the party that calls for hate speech laws.
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djn3nunez31 year, 9 months ago
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Nothing you say. What was the false pretense that Hitler used to invade Poland?
Where are the WMD in Iraq. Where is the link to the 9-11 attacker and Iraq. Where is the threat to the worlds remaining super power from a country that had seen 20 year of war and crippling sanctions.
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not2needy1 year, 9 months ago
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You won't get a response to that, all Endoscopy wants to do is support repugs regardless of what they do.
There's not a stronger republican than my sister, and even she can see the folly that is the Bush admin.
Endoscopy called me foolish and an idiot which isn't the first time he/she has questioned my intelligence, simply because i point out things about his party that he doesn't like. That makes me question his intelligence, since he chooses to support this GOON of a president, unquestionably simply because he's a repug.
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MRCOFFEECAKE1 year, 9 months ago
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The spewing from those few remaining apologists is equally as divisive as it has ever been...
The smart ones have slinked away with what little remaining dignity they can muster..
It just proves that sometimes even those few remaining Hitler supporters will just never get it..
You can feel sorry for them, laugh at them or ignore them.
What we awe doing here seems to be a fine blend of all three.
But, whatever you do, make sure you do not take them seriously!
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MRCOFFEECAKE1 year, 9 months ago
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The recipients of Corporate Socialism have the control
of our nation through lobbyists. If you do not see that by now, (and we know you don't) then you just proven that their self-serving corporate propaganda is working...
Those darn old poor people are robbing this country blind while they huddle together for heat and scrap to feed their families..
Damn them, they don't deserve quality schools, or health care, they should just learn to teach their own kids and learn how to die with dignity!!
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MRCOFFEECAKE1 year, 9 months ago
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I usually only give endo, capecoral or tanglang ONE response, in case they actually do have any useful information.
I usually laugh at Klarissa and do not respond at all, because she, like luvmyprez are just blind, but she seems to
be a bit more conversational and less pro-Bush recently, so
I throw a response or two but expect no quality response.
The rest (libsRfunny, FSU and that ninny from Toronto are just always hateful wastes of time and here simply for entertainment..
Then there are the ant-Semites who cannot separate themselves from the Israeli issue and their rampant
hate for Jewish people. I don't even bother to do anything other than taunt their hatred and let them finish the "making fools of themselves" part on their own.
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Eagle_Eye1 year, 9 months ago
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"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....
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blinkers1 year, 9 months ago
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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.
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doggammitComment removed: Retracted by user
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pongping1 year, 9 months ago
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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.
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engineer1 year, 9 months ago
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GWHayduke1 year, 9 months ago
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Searchbeam1 year, 9 months ago
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Consider the $150,000,000,000 ($150 Billion) spent each year for the past 5 years on that godforsaken Iraqi war based upon lies, deceit and outright abuse of our Constitution, and think what could have been done with that money - $750,000,000,000 ($750 Billion) plus the $12Billion CASH that were stolen in Iraq (literally pallets of hard currency!).
And by staying focused on Afghan war, we could have captured Bin Laden and saved this world from Islamic terrorists that are wreaking havoc in Pakistan (and now Iraq).
This is not just failure of policy, but a TOTAL failure of all the safeguards that are supposed to protect us from an overzealous, atrocious and incompetent President!
When we vote in the primaries and caucuses to-day and in the nest two months, and in the general election this November, let us say a prayer that we will never elect an incompetent, ignorant and corrupt person to the highest office of our land, and then cast our vote for the very best we can find!
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PapaWolf1 year, 9 months ago
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Come on, searchbeam? Are you saying he's worse than Clinton? After all, Clinton did lie about sex.
Despicable!!!!
And didn't that lie directly lead to the squandering of our surplus, the attacks on 9/11, the subsequent anthrax attacks, the invasion of Iraq, spiraling oil prices, the prescription drug law giving pharmaceutical co's unfettered control of exorbitant pricing, ever-escalating health & grocery prices, & the collapse in the housing market?
After all, all of our current trials & tribulations can be traced back to that Godless, heathen Democrat Clinton.
Don't blame the corporate welfare, the illegal (did I say "illegal"?) invasion of Iraq, the squandering of billions on Bush. It was all Clinton's fault.
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mesodude1 year, 9 months ago
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"Come on, searchbeam? Are you saying he's worse than Clinton? After all, Clinton did lie about sex."
--And his affair ruined our image within the international community so much that he is hated by 80% or more of Europeans, today we are in Iraq virtually alone and we're reduced to begging our allies to help us in Afghanistan. Oh, wait...I'm thinking of our current President. Nevermind...
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UrbanLegends1011 year, 9 months ago
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I beg to differ. Most of the international community wondered why the US gave so much interest in his personal sexual activities. The public in many other countries of the world simply expect and figure their leaders aren't exactly paragons of virture when it comes to dipping their wicks, and don't really care too much about what the leaders are doing. They didn't understand why it was such an issue in the US.
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PapaWolf1 year, 9 months ago
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>>Most of the international community wondered why the US gave so much interest in his personal sexual activities.
That's the whole point. Apparently, lies about sex are more important to W & his supporters than lies about WMD's & threats to this country.
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Searchbeam1 year, 9 months ago
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I am sorry, guys!
I should have paid closer attention to that blue evening gown with mysterious stains on it!
I should have gone to Lucianne Goldberg to get all the detail of the "fluid situation" our country was in!
>>>fake crocodile tears>>>
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GHOSTWHOWALKS1 year, 9 months ago
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You haven't been listening, or missed the facts. Nothing is going to change with either Shrillery, Obama, McCain, or Rummy. A check of their plans reveals they will NOT make the things any better, only keep doing the same as we have now.
This time next year the debt will surpass 10 TRILLION dollars. We (our beloved Nation) are broke and every politician be they Republican, or democrat could give a ****** less.
We, meaning most of the people, fall for the same platitudes, the feel good promises, and the I feel your pain bull crap every election and then cry because nothing gets done. Face it. We are either to stupid, or to dumb to see the writing on the wall. We are nothing but an supplier of money to these trough feeders.
I voted today and before I did I said a small prayer that I was making the right choice this time. Come November I'll do the same. When I walked into the voting place I already knew what the outcome would be. Why bother? No one was there but me.
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not2needy1 year, 9 months ago
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The fact that nothing will change is no one's fault but the American people. There were decent men running for pres, and they were poohpoohed until they dropped out, so this is what we are left with. Ron Paul would be a good president, even though he's not the smooth talker everyone loves, but he doesn't stand a chance either.
We scream for change, then vote for more of the same, so who do we have to thank for that? Ourselves!
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mesodude1 year, 9 months ago
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"Ron Paul would be a good president, even though he's not the smooth talker everyone loves, but he doesn't stand a chance either."
--I disagree that Ron Paul would make a "good" President or that he represents much in the way of change. Have you reviewed his voting record? He stood with all the Republicans who voted for each and every tax cut Bush gave out (including the war time tax cut to the ultra wealthy). He has also consistently voted stem cell research and SCHIP (while merrily collecting his 100% tax payer funded salary, health insurance and other bennies). How could anyone who is "pro-life) vote against making sure that every child in America is insured? No way.
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globalwarmer1 year, 9 months ago
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I agree with you Ghost, No one is going to change the way America does business. Candidates can say that we don't belong in these different countries but do you think for one second that if Obama or Paul was president that we would pull our troops from the middle east. Our military presence will remain through out the world no matter who likes it. We can only hope there are no major terrorist attacks on our soil because we are going to have enemies for generations to come.
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Jaydee401 year, 9 months ago
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I agree with you but ask why it can't change? Does the US think it can rule the entire world or are they going to push until they get attacked for real? Why not get along with everybody like they use to before things got out of hand.
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globalwarmer1 year, 9 months ago
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Real change would have to be radical and as long as corporate america rules the world I don't suspect we will see any real change in our life time. It does not appear that the US could protect herself from any real attack because we can't even afford the police action or whatever you want to call it in Iraq, how could we possibly win a REAL war. Perhaps if we keep making interest payments to China they wont be provoked to attack us besides why would you attack something you already own?
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IcCaRus1 year, 9 months ago
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in all honestly, a REAL war is the only kind we CAN win. its what our military was built to win, NOT an occupation, or a police action. but thats not my point....
THIS IS
"and as long as corporate america rules the world, I don't suspect we will see any real change"
there will be no REAL change, nothing dramatic anyway. the reason? simple really. anyone that wants REAL change and tries to make it happen will end up with a lead headache, if you get my drift.
theres FAR too much money at stake, and there are those who have no qualms about killing to protect their interests. if you doubt it, think of people who wanted REAL change and tried to make it happen. theyre all dead.
abe
john
bobby
martin
ghandi (both of them)
sadat
rabin
bhutto
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mesodude1 year, 9 months ago
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I don't understand how anyone can make this argument. All one has to do is compare this current President's administration to the last Democratic President's administration. Night and day. If anyone is expecting a President who will fulfill all their needs and never disappoint them, I wish them luck.
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djn3nunez31 year, 9 months ago
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Actually he ignored Congress. The bill they passed giving him authority to use military force insisted the UN be allowed pursue a diplomatic resolution to the Iraq WMD question. Bush didn't allow SCR 1441 to be fully implemented. His Administration is criminal and should have been impeached, removed from office and tried for crimes against humanity.
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pongping1 year, 9 months ago
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And what has Congress done? Roll over and play dead! At least scream their friggin' heads off. If not, they are in on it.
We need leaders and statesmen now more than any time since the Civil War and the Revolutionary period before that.
We are on a course to implosion.
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not2needy1 year, 9 months ago
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Every time Congress has failed to give Georgy a blank check and let him run rough shod over the country, Georgy goes on TV and tells the world how terrible they are and how EVERYTHING is all their fault.
If you noticed, he did that at his last state of the union message, blamed everything on Congress. Much like a lot of the posters on here blame every thing on Liberals.
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pongping1 year, 9 months ago
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And Congress rolls over and plays dead and accepts the payola. Members need to display some backbone and take it right back to the people even louder rather than wasting time on junkets and fat-cat dinners. It is not a Lib-Con thing. We need a miracle I believe the situation is that dire! Ron Paul needs to scream. Others need to take his lead.
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mesodude1 year, 9 months ago
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Thanks for saying this. I think it's important for us to acknowledge the electorate's part in this. The one positive thing I can say about this administration is that it's finally made a lot of people angry enough to get off their butt's and vote.
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canadianrancher571 year, 9 months ago
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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.
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Jaydee401 year, 9 months ago
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Well said canadianrancher57, I liken it to watching your brother following a path of self destruction and not being able to help, some times you think the world would be a better place without them but you can't give up on them. If the people can get their country back all will be well but until then it's like living with a drunk, you can't believe a word they say, they are prone to fits of violence, and the bills are adding up causing people to think about leaving.
One thing to keep in mind is that this madness is catching, just like the 1930s, the US is far from being the only country with a government out of control. You would think we would have found a better way by now.
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Amazing11 year, 9 months ago
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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!
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not2needy1 year, 9 months ago
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BronxBomber1 year, 9 months ago
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not2needy1 year, 9 months ago
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Searchbeam1 year, 9 months ago
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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!
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blinkers1 year, 9 months ago
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The amount of time left for this out-of-touch, self-aggrandising administration and its incompetent, ill-advised leadership grows less by the day. No matter who replaces this addled fool, from either party, can only be an improvement.
Let the country and all people of goodwill look forward to BDCs -- Bush Departure Celebrations! They will be well-earned.
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blinkers1 year, 9 months ago
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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).
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Mdiar1 year, 9 months ago
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Mdiar1 year, 9 months ago
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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.
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nostalgia1 year, 9 months ago
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"try to recreate that industrial base we used to have"
By decree??
Won't happen as long as companies can manufacture overseas and ship the junk back here
Raise taxes and corporate fees PLUS recreate the industrial base - what industry would move back here to pay more taxes and fees??
"Reinstate alot of the social programs that are now gone"
Which ones are gone???
We can't even afford the ones we have now and it is only going to get worse - Medicare faces a larger deficit than SS
Medicaid is out of control
Raising taxes, fees etc by "bits" can't possibly finance the programs that are in danger of collapsing
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Searchbeam1 year, 9 months ago
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Don't spend it if you don't have it!
And also, stop feeding the Pig - the cash given to the oil companies!
ExxonMobil made a record profit of $40 Billion, and Chevron $19 Billion!
On the back of all of us!
Time to fire that Anti-Trust weapon again!
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nostalgia1 year, 9 months ago
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Well Searchbeam
Let's give it big agribusiness instead so we can produce more ethanol
Oh my that's what congress already did!
What were the results- increases in groceries - both corn based products AND meat. Farmers were paying more to feed their animals corn
Well that's A GOOD THING RIGHT?? Except they have created an ethanol glut!
Even Biotown USA a town renamed for biofuels a couple years ago couldn't make the economics of an ethanol plant built by VeraSun (VSE) work in this current market. Now another ethanol producer, BioFuel Energy Corp, has said it's halting work on its third planned plant due to a production glut and dropping ethanol prices.
Congress passed a huge transportation bill - including over $25 billion in pork. The bill was huge and wiped out the highway trust fund.
Now what are they going to do - raise gas taxes $0.40 per gallon
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nostalgia1 year, 9 months ago
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Gee but they want more fuel efficient cars and hybrids. Won't that decrease the amount of tax they collect? Of course they haven't considered that yet. $0.40 won't be enough
Seems the goal in DC is "let's see how much worse we can make it"
Very admirable goal - right?
Let's throw Anti-trust into the mix and see what happens. Don't think it through - JUST DO IT
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Searchbeam1 year, 9 months ago
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nostalgia,
I hope you are not saying that we should continue to feed this pig of big oil companies with your tax dollars and mine, are you?
Oil companies have been the sacred cows for the past 8 years! Anti-trust laws would take care of their price-fixing, monopolies and windfall profits, just like it did around the turn of the last century.
I don't think agribusiness should be subsidized either.
The only support we can afford to give should be directed at wind, solar, ocean waves and geothermal energies, because they do not disturb the ecological and agricultural balance, and would yield rewards far more that the investment made.
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nostalgia1 year, 9 months ago
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No we shouldn't be feeding the oil companies.
But Congress seems to be determined to "feed" someone. Now it's big agribusiness
Did you see any coverage of the demonstrations in Mexico City??
"Tens of thousands of farmers on foot and on lumbering tractors clogged Mexico City Thursday to protest the lifting of corn tariffs under a free trade agreement, which they say is hurting their pockets."
I caught it on the BBC
Mexican farmers said big agribusiness in the US will flood Mexico with cheap corn and put them out of business
Big agribusiness from here will undercut the prices Mexican farmers get
Our own government will help them do it because the taxpayers here are subsidizing big agribusiness
More out of work Mexicans won't be a good thing!
Do you think Congress even considered any of this??
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Searchbeam1 year, 9 months ago
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nostalgia,
You bring up some very interesting points!
What started as a way to support small family farmers from extinction has become a bonanza for multinational Agro-Conglomerates that have now become so big that they are out of the reach of countries and governments. They flex their muscles against any lawmaker who stands in their way, just the same way NRA, Pharma giants and oil Colossus's do. Political corruption has put a stranglehold on our institutions of democracy.
The trade agreements like NAFTA, CAFTA and WTO- controlled FTAs have destroyed our industrial power and we have become economic slaves of a communist country like China which holds trillions of dollars of our debt!
Circumstances and conditions such as these create revolutions!
There is a way to fix it, but we must have the numbers and political will to do it!
Peace and Blessings!
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Mdiar1 year, 9 months ago
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I have to agree about the industrial base, that was more wishful thinking. The only way it could be done, realistically, is if people would stop purchasing products from those companies who outsource or a tariff is placed. I'm not sure if any of the programs are actually gone but I do know that we've lost alot of what was spent on them. Something is not right however when a company is making record profits around the time the prices of the said company are soaring. That tells me that the prices could be cheaper or that the tax they pay could be higher. The fees will be raised only a bit, true, but every little bit helps anyway... The fact is with debt how it is were going to have to raise taxes. With this bailout were going to have to raise taxes. Its inevitable. If we must then cut the social programs as much as necessary as well to get out of this debt.
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nostalgia1 year, 9 months ago
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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!
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budoinst1 year, 9 months ago
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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.
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Endoscopy1 year, 9 months ago
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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.
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flyonthewallzz1 year, 9 months ago
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Let's say Mr. Buffets secretary earns $70 thousand a year and live in a city like Philadelphia where city wage tax is 7%.
If so she would have more than 37 % of her weekly pay removed from her check.
I you have a pay stub handy it is simple math.
I t is valid to bear in mind that the employer splits Social Security cost and also pays into unemployment insurance.
If Mr. Buffets $46 million was in wages (earned income) he would have hit the Social Security cap in the first week.
In 2003 according to the White House Receipt data about $714 billion was brought in by Social insurance contributions. And about $794 billion was brought in by personal income tax.
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Obaku1 year, 9 months ago
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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.
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quackpot1 year, 9 months ago
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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
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ADAGUY1 year, 9 months ago
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"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!
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Mdiar1 year, 9 months ago
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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.
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nikkibabe1 year, 9 months ago
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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.
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miklkit1 year, 9 months ago
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Searchbeam1 year, 9 months ago
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charliebrown081 year, 9 months ago
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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.
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texangelwings1 year, 9 months ago
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We can't keep spending monies we don't have to spend! Does GW take care of his own finances? I don't want him to handle my finances! Congress better stop him, now!
Social Security is being drained as we speak, to pay for the war! I was listening to CSPAN yesterday and two congressman stood there and admitted that they have borrowed money from SS to help pay the bills and that is why SS is going broke! They can give me my $105,000.00 that I have paid into SS, plus what I have paid into medicare account and I will take care of myself!
Thanks to all for the great comments above!
Thanks not2needy, good article!
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