"White House budget director Jacob Lew said in a blog post that "CBO confirms what we already know: current deficits are unacceptably high and if we stay on our current course and do nothing, the fiscal situation will hurt our recovery and hamstring future growth."
Why did the AP print this?
Not a big deal... isn’t a $trillion the new billion? If he gets the quad-trillion estimates in the right ballpark, aren’t we then okay?
The list, ping
Let me know if you would like to be on or off the ping list
We can -- and will -- lie to you cracker-dhimmis at will. It is our religion.
Yep - and in a few days, the CBO will release another report that says that Saint Barry Hussein’s newest bright idea will cut the deficit by three trillion....
The CBO sways back and forth with the slightest political breeze.....
He is the Magic Man with no past, present, or future. He is what we are told to think for the moment.
The bottom line is that he cannot fail, and anything he does not deliver on is someone elses fault.
Overdrawn PING...
A true Balanced Budget Amendment is so desperately needed to the US Constitution. At the current levels of taxation, were the government waste and unconstitutional spending cut - the debt could be paid off in a “reasonable” time frame.
But the problem is - the Federal Government does what so many irresponsible consumers do - they max out their credit cards, then take out loans/2nd mortgages to pay off those credit cards. While making those loan payments, they then re-max out their credit cards... The difference being - consumers finally get to a point that no-one will give them another dime of credit. The government just keeps on printing money (via the Fed), and issuing more bonds that are mortgaging our grand children and beyond.
What is really frustrating - time and time again, when taxes are cut, government income goes UP. Why? Less taxes paid means more money spent in the economy, which means more people working, which means more taxes paid. Also - when someone who owns a business pays less tax - they are far more likely to add workers (especially if his or her business improves because more people have money not being stolen...errr...excised by the government.
But libs (on BOTH sides of the isle) don’t care. All they see is - give us more of your money... but even if you don’t have any more to give, we will spend it anyway... just hand me some more blank checks.
Why is it just the Republicans' responsibility to be adults?
This. Thus, when you add up the entire debt added by Obama it will exceed the debt created by evey single other President.....combined! We are sooooooo gone.
This SOB knows he’s a one-term president and most likely will not even be on the ballot, so he is determined to make America pay!
“White House budget director Jacob Lew said in a blog post that “CBO confirms what we already know”
Yes, namely that the budget picture is WAY worse than the official Obama budget numbers indicate and that we can’t rely on OMB to give us honest numbers.
The most charitable interpretation one could give to Lew’s comments is the following: “We already knew that the deficit would be $2.3T higher than we announced, but our boss didn’t want to let us make that information public.”
Forget “lies, damned lies and statistics.” This administration is working from the “pathetic lies, egregious lies, and unconscionable lies” playbook.
This should be grounds for, if not impeachment proceedings, criminal action against the dolts that tried to perpetrate this fraud on the American public.
2 Frigg’in Trillion? Willful destruction of the USofA!