Spending cuts not expected to dent $1.5 trillion deficit - PowerStrokeNation : Ford Powerstroke Diesel Forum
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post #1 of 36 (permalink) Old 04-12-2011, 08:32 PM Thread Starter
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Spending cuts not expected to dent $1.5 trillion deficit

Spending cuts not expected to dent $1.5T deficit - Politics - More politics - msnbc.com

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WASHINGTON The $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion.

Most of the agreed-to spending cuts either affect future budgets or amount to accounting gimmicks that won't reduce actual spending.

The Treasury Department reported Tuesday that the deficit already totals $829.4 billion through the first six months of the budget year a figure that until 2009 would have been the biggest ever for an entire year. For March alone, the government ran a deficit of $188 billion.

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post #2 of 36 (permalink) Old 04-12-2011, 09:03 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

But but but Suns says were all good!!!

We all have to have our handouts... Give me Give Me GIVE ME!!!

Do they even make buckets big enough to bail us out now?

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post #3 of 36 (permalink) Old 04-12-2011, 09:07 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

Suck a cock CSI. I've never said such a thing or are you too retarded too comprehend any of my posts?

I was just about to comment how that piddly 38 billion is nothing in the ocean of debt we have. Something I've said before.

This debt is a crisis!

I'm officially...Stroke-less.
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post #4 of 36 (permalink) Old 04-12-2011, 09:10 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

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Originally Posted by Suns_PSD View Post
Suck a cock CSI. I've never said such a thing or are you too retarded too comprehend any of my posts?

I was just about to comment how that piddly 38 billion is nothing in the ocean of debt we have. Something I've said before.

This debt is a crisis!

Your the first to jump in about how great spending trillions in stimulus was... ya, it was really great for my kids, and there kids and more then likely there kids... but by then we will be a province of China...

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post #5 of 36 (permalink) Old 04-13-2011, 04:36 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

Sir, I have pointed out previously in threads going back a year or more that EVERY MAJOR ECONOMIST OF EVERY PARTY AFFILIATION agreed that the Stimulas plan was necessary for recovery of the US economy. The fact that we have recovered from a technically the Greatest recession in 70 years that also began under 100% Republican leadership should not be lost on anyone.

The stimulus plan was an intelligent investment that has paid for itself both in interest payments and payback, saved untold American jobs, created larger taxable incomes, kept people off unemployment, etc...

As a whole our government wastes tremendous amounts of $$ on so many useless programs and wars. But the stimula plan as a whole was not a waste. It is exactly why the Federal government needs to have a certain amount of power to enact substantial policies and change.

I love how people that clearly are NOT economists claim to know exactly what our nation needs in direct opposition to what the trained economist say it needs. Maybe these same people should go explain to a farmer how to grow crops, or explain to a tractor machanic how to diagnose an engine, or teach a Five Star General how to run a war, or show an F&I person how to calculate their financial transactions? I mean really...

I'm officially...Stroke-less.
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post #6 of 36 (permalink) Old 04-13-2011, 10:19 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

Wow... just wow.

So how do we pay for it?

How about your kids?

I do believe by the time my great great great grand kids are in there golden years we might have paid down 50% of it...

Ya us.

9% unemployment is something to be excited about??? WOW.

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post #7 of 36 (permalink) Old 04-13-2011, 10:21 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

Quote:
Originally Posted by Suns_PSD View Post
Sir, I have pointed out previously in threads going back a year or more that EVERY MAJOR ECONOMIST OF EVERY PARTY AFFILIATION agreed that the Stimulas plan was necessary for recovery of the US economy. The fact that we have recovered from a technically the Greatest recession in 70 years that also began under 100% Republican leadership should not be lost on anyone.

The stimulus plan was an intelligent investment that has paid for itself both in interest payments and payback, saved untold American jobs, created larger taxable incomes, kept people off unemployment, etc...

As a whole our government wastes tremendous amounts of $$ on so many useless programs and wars. But the stimula plan as a whole was not a waste. It is exactly why the Federal government needs to have a certain amount of power to enact substantial policies and change.

I love how people that clearly are NOT economists claim to know exactly what our nation needs in direct opposition to what the trained economist say it needs. Maybe these same people should go explain to a farmer how to grow crops, or explain to a tractor machanic how to diagnose an engine, or teach a Five Star General how to run a war, or show an F&I person how to calculate their financial transactions? I mean really...
So Paul Krugman is every major economist?

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post #8 of 36 (permalink) Old 04-13-2011, 11:54 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit

Quote:
Originally Posted by Suns_PSD View Post
Sir, I have pointed out previously in threads going back a year or more that EVERY MAJOR ECONOMIST OF EVERY PARTY AFFILIATION agreed that the Stimulas plan was necessary for recovery of the US economy. The fact that we have recovered from a technically the Greatest recession in 70 years that also began under 100% Republican leadership should not be lost on anyone.

The stimulus plan was an intelligent investment that has paid for itself both in interest payments and payback, saved untold American jobs, created larger taxable incomes, kept people off unemployment, etc...

As a whole our government wastes tremendous amounts of $$ on so many useless programs and wars. But the stimula plan as a whole was not a waste. It is exactly why the Federal government needs to have a certain amount of power to enact substantial policies and change.

I love how people that clearly are NOT economists claim to know exactly what our nation needs in direct opposition to what the trained economist say it needs. Maybe these same people should go explain to a farmer how to grow crops, or explain to a tractor machanic how to diagnose an engine, or teach a Five Star General how to run a war, or show an F&I person how to calculate their financial transactions? I mean really...
False

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
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post #9 of 36 (permalink) Old 04-14-2011, 11:44 AM Thread Starter
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Re: Spending cuts not expected to dent $1.5 trillion deficit

I was wondering who would refute that "fact".

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post #10 of 36 (permalink) Old 04-14-2011, 02:39 PM
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Re: Spending cuts not expected to dent $1.5 trillion deficit


It's already happening....but if the US Debt is allowed to continue to grow, the foreign countries that fund our excessive spending by buying futures (bonds, treasury notes, etc) won't want to buy anymore...

The US Treasury reputation/rating is already feeling pressure.

Suns......IMO...it's unlikely you'll look back on your position in 20 years, look your kids in the eye...and still support this position.

If some is good, more must be better.
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