Posted on 07/30/2008 1:09:22 PM PDT by SecAmndmt
Richard Viguerie: Bush White House hides true scope of federal deficit
(Manassas, Virginia) The following is a statement by Richard A. Viguerie, Chairman of ConservativeHQ.com, regarding the White House projection of a $482 Billion deficit for Fiscal Year 2009:
“The White House has issued figures indicating that President Bush and his enablers in Congress will leave his successor with a budget deficit of $482 Billion for Fiscal Year 2009, which is a record. How’s that for a legacy? “As shocking as this deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 Billion in war costs and $227 Billion 'borrowed' from the Social Security Trust Fund.
‘The real budget deficit is therefore $789 Billion.
“Under accounting trickery that would probably land the top officers of a publicly traded company in jail, the money borrowed from the Social Security Trust Fund -- and spent on anything and everything except Social Security payments -- is not counted towards the budget deficit, although it is part of our $9.49 Trillion national debt. “It’s way past time for Washington politicians to have their own Sarbanes-Oxley. “But this is how corrupt Washington has become. Besides the dangerous practice of massive deficit spending, which will saddle our children and grandchildren with trillions of dollars of debt, the Bush White House and Congress are conspiring to conceal the true nature and scope of the problem.
“This year’s budget deficit will actually be $307 Billion worse than the politicians are saying. This fraud on the American people is a conspiracy of silence by both major political parties. “In a stunning act of hypocrisy, the White House blamed the record budget deficit on the slowing economy and the $150 Billion stimulus package passed earlier this year. “No, Mr. President, the buck stops with you. Stand up and accept the responsibility, and your legacy, for massively expanding government.”
There is no “Social Security Trust Fund”!
““As shocking as this deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 Billion in war costs and $227 Billion ‘borrowed’ from the Social Security Trust Fund.”
The latter is how Clinton “balanced” the budget, also.
I sure am glad we had 8 years of “compassionate conservatism” /s
Making statements like this just prior to an election is not helpful to the Republican cause.
Well what are the Democrats hiding. Most of them have been there longer than Bush.
Ya you could have had Gore or Kerry.
You can go to the US Treasury website and get monthly and yearly statements for the receipts and outlays. The $482 billion FY09 budget deficit is simply all the receipts (federal revenue) paid against the outlays (on and off budget expenses). The difference if positive is a surplus, if negative is a deficit.
That's all.
“Making statements like this just prior to an election is not helpful to the Republican cause.”
I’m not interested in the “Republican cause”, if the last 8 years is what we get in exchange for our votes. I *am* interested in the restoration of limited government, true federalism, the rule of law, the Constitution, life, liberty, property rights, the 2nd amendment, and a judiciary which believes in original intent and strict construction.
If RepublicRATS want to support and elect the lesser of two evils, they deserve what they get. I’ll be supporting real conservatives and constitutionalists up and down the ticket, which definitely excludes Hussein Obama AND McCain.
“Ya you could have had Gore or Kerry.”
In hindsight, it would have been almost the same as what we have now.
Did he bother to speak out against it, as a good fiscal conservative should have?
What's your other option?
I’ll be supporting Chuck Baldwin, or none of the above if I’m not allowed to write him in. If the Republican party wants my support for the top of the ticket, they’ll need to find a different (conservative) nominee at the convention.
Yea, I see your point. /sarc
“In hindsight, it would have been almost the same as what we have now.”
Almost - sans Roberts and Alito.
Making statements like this just prior to an election is not helpful to the Republican cause.
Neither is saddling my children and grandchildren with a massive federal defecit.
There's plenty of blame to go around - the President has done his share, and so has Congress, both the current Democrat flavor and the Republican one which preceded it.
Interesting candidiate (Baldwin) (I went to his webpage), but fiscal conservatism is not a big emphasis of his (based on his website anyway)
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