CBO: Trillion dollar deficits for the next decade

American Thinker ^ | 03/06/10 | Rick Moran

[Psycho_Bunny]

This level of spending is treason.

[Jack Hydrazine]

Not just for the next decade but for the next 50 years.

[hattend]

Sit back, Citizen

American Idol and Dancing With the Stars is on.

Go back to sleep

FUBO

[Jack Hydrazine]

Thinking about how fast money is being spent I wouldn’t be surprised to see a quadrillion dollar budget in the not-so-distant future.

[EGPWS]

Trillion dollar deficits for the next decade

Enjoy your slumber tonight America, we are taken care of cradle to grave.

[Parley Baer]

If he is trying to bring America down to size and ruin the country he is right on track to do so. I just hope there is enough people in this country come November who understand the consequences of this much spending.

[hattend]

We won’t last 50 years with this spending. We’ll balkanize long before that. Who will be the first to secede? Texas or Alaska?

[MNJohnnie]

Proposed tax cuts for the middle class account for nearly a third of that shortfall

NO, they do not.

Tax cuts do not cause deficits, SPENDING causes deficits. Kennedy, Reagan and Bush 2 all generated much higher levels of revenue by cutting taxes that then generated booming economic growth that in turn generated rising government revenue.

The problem has always been that because of base line budgeting Government spending ALWAYS increases year after year, it never ever decreases.

We do not have a taxing problem in this country, we have an out of control spending problem.

[EGPWS]

Who will be the first to secede? Texas or Alaska?

Who will be the first payment to China?

[Jack Hydrazine]

California. They’ll go ahead and rejoin Mexico.

[bergmeid]

It’s all about HIS legacy. This is money WE are spending on HIS LEGACY. It’s all about him.

When is the left going to wake up? Do they realize they will have to pay too?

[GOPJ]

Bump to the top.

[MNJohnnie]

Who will be the first payment to China?

We'll send them our nukes as a down payment.

It will be up to them to figure out how to catch them.

[jsh3180]

Nothing to see here, move along...........

[American Dream 246]

I always think about that question: why in the world would the left - that includes a lot of people I know who have a lot of money - that includes Hollywood - that includes all these workers who are loosing their jobs, and whining after they all voted for the one...why in the world would these people be leftists??? Don't they understand that when economy is booming because taxes are low, they have much more job opportunities - that the wealthy pay less taxes so they can give more to charity and create jobs??? This is always a stunning question to me.

Besides stupid PC and protecting terrorists and monstruous affirmative actions with teachers who can't even write - may be not even read...besides these moronics aspects of the leftists, why don't they understand that life is much better for eveybody under capitalism - low taxes and meritocracy???

[Gaffer]

It surely is. Somehow, I don’t think Obama and his leftist comrades really care. What they are about is equalization - not the kind one would normally think about, but the equalization that results in wealth taking and redistribution on a piecemeal basis. In other words, they will take everything of value from anyone who owns it and dole it out to others on a regular basis - so long as they toe the party (Red) line.

[Former Proud Canadian]

The US is in a heap of trouble.

The CONSERVATIVE Canadian government just came in with a budget. It forecasts a $55 billion deficit this year and a BALANCED BUDGET within five years. That translates to a $550 billion deficit since Canada is one tenth the size of the USA.

I think this is great news for Canada. I just wonder what is going to happen to us when our biggest trading partner and ally commits financial suicide.

[Gaffer]

If we're gonna have to give something up to China I say eff Hawaii- give them that! ....let those leftist bastards see what real oppression is like!

[skeeter]

I don’t think most people quite understand how this much government debt will personally affect them.