With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.
"Now, who's not down with 50 Cent?"
Posted on 05/11/2009 7:27:58 AM PDT by george76
April Un-employment Rate (the real number) 15.8%
U.S. Bureau of Labor Statistics
U-6 ...Total unemployed, plus all marginally attached workers, plus employed part time workers..15.8 percent
http://www.bls.gov/news.release/empsit.t12.htm
If you owe money, pay it off ASAP and/or get FIXED rates. Now.
Yeah but to borrow from Larry the Cable guy...I don’t care who you are...that’s a lot of money
you see, Bush was stupid because he didn’t realize he had to spend even more and get us into even more debt than he already had. yeah that’s why everyone hated him. He didn’t spend enough.
Or, perhaps worse, what happens if they say “Yes, but only if you do ....”?
Obama will do it. Unless China wants Obama to cut spending and taxes.
That was just my way of expressing cynicism of our government's ability to handle money.
The same way they “invest” excess Social Security payments in Treasury paper.
With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.
BHO is the biggest criminal con artist our country has ever seen and he’s good at what he does.
50¢ of every dollar 0bama spends is borrowed...
I guess that’s the “change” he was promising us.
The IMF is now warning the US (in its own quiet, whispering ways) that its debt levels will soon become unsustainable and lead to crisis.
http://baselinescenario.com/2009/05/11/is-larry-summers-the-next-gordon-brown/
:’) China is trying to A) diversify its portfolio and B) come out of the tailspin caused by the various market crashes of the past year. Additional:
White House forecasts higher U.S. budget deficit
Reuters | Monday May 11, 2009 | Caren Bohan and Richard Cowan
Posted on 05/11/2009 8:17:24 AM PDT by counterpunch
http://www.freerepublic.com/focus/f-news/2248526/posts
“Annual deficits would never dip below $500 billion and would total $7.1 trillion over 2010-2019. Even those dismal figures rely on economic projections that are significantly more optimistic — just a 1.2 percent decline in gross domestic product this year and a 3.2 percent growth rate for 2010 — than those of private sector economists and the Congressional Budget Office.’
They are going to pull what the RATS in NJ did to Whitman. For the next 10 years they will blame Bush for their deficits and with a complicit media get away with it.
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