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Home » News » Budget

Wednesday, September 24, 2008

Deficit could top $1 trillion

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junglejim123

This is just another excuse from Obama on why he wont be delivering ANYTHING to us. He didnt do anything for illinois and he wont accomplish much for us. He does plan to give away at least 50 billion to other nations - he knows how he wants to help other countries but he doesnt have any concrete "do-able" plans for America. Empty suit- I'll tell ya later _ isn't working anymore Bammy !!!
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WiserNow

Speaking of idiots, there's SD right on cue! Your buddies Chris Dodd and Barney Frank are up to their necks in this financial mess. The top money recipients from these two criminal agencies are all Democrats, and Obama is near the top of every list, not bad for a junior senator! Why don't you post the list SD ? The ones that look something like "Dodd, Obama, Kerry, Clinton". Its the same names at the top of every list, just a different order. Obama voted against more oversight on these agencies in 2005 ... that would be McCain's bill he helped defeat. Just another Move-On fool.
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psygone

WHAT?!?!? a $1 Trillion federal budget deficit??? How did this happen? Do these Republicans, the Bush Admin the McCain-Palin campaign have no shame? Not the slightest embarrassment to the depths of their sheer cowardice, incompetence, stupidity and inability to lead this nation? -------------------------- In 39 days we'll have answers to these questions.
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jmsheehan21

This $1 Trillion estimate must be based on the assumption that the assets that the Feds wouold buy with the $700 billion are wort zero. That is clearly way off base. In fact, the Feds may in the long run make money on the deal. These assets will increase in value as the markets sre assured. Also, the assumption that McCain tax cuts will cost the government $139 billion is also contrary to what we know about tax cuts. The Bush tax cuts actually increased the government's take by a huge amount. The problem is excess spending not low taxes.
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