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"That's the money you'll be spending with Geithner (and Obama)...."
Posted on 02/01/2010 7:22:35 AM PST by John W
Thought this needed started. Live stream at the link once the man is ready.
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"That's the money you'll be spending with Geithner (and Obama)...."
you guys have to check the thread with the pic of Obama BOWING to the Tampa mayor.
re: how much the DOW will drop today...
It started out being UP by 50 or so. I will never understand how it all works. I would have thought such a huge deficit would scare the hell out of investors.
Go figure!
An alternative would be to get the federal government out of it altogether.
They can simply come up with a budget, divide the number by the population, then charge the states based on population.
At that point you have a single number: The federal budget is $10,000 per person in the US, for example.
The states can collect it any way they like, and turn it over to the feds.
This solves a couple of problems:
1) no need for federal intrusion into personal lives anymore. The government interacts with the states only.
2) The states have control over the money. They give it to the federal government, not the otehr way around. The fed can’t withold money from teh states for political reasons.
“Mr. Pres::cough::ent, your healthcare bill contains required cost-benefit analysis for all potential care provided to U.S. citizens. Will you be using the same cost-benfit analysis prior to providing medical care to non-U.S. citizens in Haiti? If not, please explain to the U.S. citizens why you feel they should receive lesser care than what you are providing to third world nations at U.S citizen taxpayer expense. thank you “
I dare say that would change the states’ interest in census head counts and illegal immigration.
Seriously, the problem with education isn't going to be solved by this. In Stockton Ca, a city with no ,majority race, the high school graduation rate is less than 50%. I can guarantee that giving more money to the Education department in DC is not going to put a dent in this problem.
For starters, not all kids are college material and they have nothing but college prep classes in high school. A pretty dumb move, but some pretty ignorant educators.
When he utterred
“We inherited.....”
I turned it off. I am so tired of him blaming Bush again and again.
What did he do? What a joke he is.
In case you've forgotten, that approach to government funding is one of the big reasons why we live under the Constitution now, rather than the Articles of Confederation....
Here is the hook Conservatives should be watching for in this sudden concern by Dear Reader and the Democrats for “Deficit Reduction” The White House propaganda machine is equating tax cuts and spending. They are laying the public relations foundation for why they will resist any calls to cut taxes.
We must have tax cuts if we are to have any hope to get this economy growing again. They know this is politically popular. 61% of voters in the latest Rasmussen poll favor tax cuts over additional spending to get the Economy moving. Democrats know they are on the wrong side of this issue with the public so they are trying to create a election year campaign line for their candidates to use to justify why they oppose tax cuts .
Democrats, having increased spending to record levels, will now use “Deficit Reduction” as their excuse to resists any calls to reduce taxes. They will also offer up the fraudulent notion that “Freezing spending” will cure the Deficit.
No it will not.
Just freezing spending at it’s current overly high rates will not cure the deficit. Only a combination of increasing revenues and cutting spending will fix the Deficit. We can only get the increase Government revenues by growing the economy. Raising taxes stifles economic activity thus leading to less revenues over time.
On the other hand, Tax cuts increase revenues over time by increasing economic activity. Government revenues increased when JF Kennedy cut taxes, it increased when Ronald Reagan cut taxes, it increased when GW Bush cut taxes. So watch for this deceit about “Deficit reduction” from the 0 regime and the Democrats. It sounds really wonderful and responsible on the surface, but it is, in fact, just another lie.
Can someone please explain how, with this record deficit, both the NASDAQ and DJIA are BOTH UP!!???
He is on the media as much as big brother....never off.
No, I didn't know that. And I can see where there would be problems if too many states refused to turn over money.
With this budget, we will be spending more than $40 billion every four days.
Nope - not even close to being true. Bush's final budget was rejected by the Democrat Congress. Instead they passed a continuing resolution which funded the government through March 2009. It was in February 2009 that Congress passed a new budget for 2009 which increased spending by 8%, and Obama signed it. Add to that the so-called 'stimulus' bill, the S-CHIP bill, and the second round of TARP spending, and you see a dramatic increase in spending that took place AFTER Obama took office.
The deficit for Bush's last year in office was somewhere between $400-500 billion. Obama quadrupled that in his first year. In fact, his first year had more deficit spending than any other President has had in an entire four-year term.
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