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White House predicts record $1.47 trillion deficit
Associated Press ^ | July 23, 2010 | ANDREW TAYLOR

Posted on 07/23/2010 12:10:35 PM PDT by Free ThinkerNY

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To: equalitybeforethelaw

Who wants to take a guess as to what the real figure ends up being? Anyone?

I say at least a few hundred billion higher than this latest estimate. Something like 1.7 trillion, because the new tax hikes will probably reduce government income by increasing unemployment further.

Yeah, I know, we have a long time to wait to get the actual figure.

How about a second prediction that won’t take as long to find out? Everyone predict when the next upward revision in the deficit will take place. I say right after the elections, let’s call it November 15, and I’ll guess it goes up another hundred billion from this one.


21 posted on 07/23/2010 1:00:44 PM PDT by drangundsturm
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To: the_devils_advocate_666

“If I did the math right that’s almost $5,000 for every single person in the United States.”

Yes, you are correct, and the total debt rings up at $70,000 for every American.


22 posted on 07/23/2010 1:04:08 PM PDT by perchprism (To those about to revolt, we salute you.)
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To: indylindy

I’m a young person and I didn’t vote for Obama. This is horrible.


23 posted on 07/23/2010 1:06:37 PM PDT by BenKenobi (We cannot do everything at once, but we can do something at once. -Silent Cal)
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To: drangundsturm

“How about a second prediction that won’t take as long to find out? Everyone predict when the next upward revision in the deficit will take place. I say right after the elections, let’s call it November 15, and I’ll guess it goes up another hundred billion from this one.”

The fiscal year ends prior to the elections so Nov. 15th won’t matter. But watch all the contractors owed money start complaining they are not getting paid as our gov’t is on a cash bais and spending does not count until the check is cut! This happened last year big time just prior to the fiscal year end.


24 posted on 07/23/2010 1:08:11 PM PDT by tired&retired
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To: Free ThinkerNY

Bush sucks....you know this is all on him.


25 posted on 07/23/2010 1:08:22 PM PDT by oust the louse (“When you subsidize poverty and failure, you get more of both.”)
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To: Free ThinkerNY

unemployment rate will average 9 percent next year

Wait a minute! This can’t be right! Biden and Obama have both said that they saved the nation. This just can’t be.


26 posted on 07/23/2010 1:12:39 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: oust the louse

Er, how can they know what the budget deficit is going to be when there is no budget?


27 posted on 07/23/2010 1:13:08 PM PDT by gthog61
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To: Red Badger

1470 BILLION DOLLARS!.............


Just think what would have happened had we not elected this team who have saved the nation. /s


28 posted on 07/23/2010 1:15:01 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: GeronL

Not to worry, once Obamacare kicks in, all will be well...!


29 posted on 07/23/2010 1:15:58 PM PDT by 444Flyer
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To: Free ThinkerNY

Rat logic.
Bush gave us debt

well yes he did, their logic is to put us more into debt but ignore saying so when on the TV .

I swear the rat voters have to be the dumbest voters this country has ever had along with this rat party


30 posted on 07/23/2010 1:17:18 PM PDT by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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To: tired&retired

that would be $1,400 billion in interest.

Oh common now. You’re using scare tactics. Keep in mind the savings we’re going to be experiencing with all the new programs, the new rules and regulations and the massive money we’ll get back from medicare fraud. /s


31 posted on 07/23/2010 1:19:18 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: drangundsturm

Who wants to take a guess as to what the real figure ends up being? Anyone?

We haven’t bailed out the states yet so it’ll certainly be higher. If they admit to 1.4T you know it’ll be higher.


32 posted on 07/23/2010 1:23:23 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: the_devils_advocate_666

I get $4580.00 per person. I had to use a spreadsheet. My calculator doesn’t have enough digits.

And, I pay more than that in income taxes.

So, the revenue plus deficit must be a huge number.

I would sure like to see the names and amounts on Gov checks.


33 posted on 07/23/2010 1:26:06 PM PDT by Cyber Ninja (Live and let live; is not working...)
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To: perchprism

You’re not even counting the TENS OF TRILLIONS in obligations we’ve racked up...promises that aren’t counted in the debt.


34 posted on 07/23/2010 1:33:11 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: OnTheDress
I get $4580.00 per person

I wonder how much it is per taxpayer?

35 posted on 07/23/2010 1:33:25 PM PDT by Mojave (Ignorant and stoned - Obama's natural constituency.)
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To: Joan Kerrey
Just as righteous as the unemployment rate recovery predictions last year...


36 posted on 07/23/2010 1:38:53 PM PDT by JerseyHighlander
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To: Free ThinkerNY

How big is a trillion?

See my tagline ...


37 posted on 07/23/2010 1:39:36 PM PDT by OldNavyVet (One trillion days, at 365 days per year, is 2,739,726,027 years ... almost 3 billion years)
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To: cranked

Of course it’s Bushies fault.


38 posted on 07/23/2010 1:39:45 PM PDT by MaxMax (Conservatism isn't a party)
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To: Free ThinkerNY

39 posted on 07/23/2010 1:41:58 PM PDT by Diogenesis (Article IV - Section 4 - The United States shall protect each of them against Invasion)
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To: Free ThinkerNY

Of course, this number will be higher than $1.42 trillion. White House projections hardly ever come in as expected. God, what a sorry bunch of dummies our nation has become!!


40 posted on 07/23/2010 1:42:42 PM PDT by WoodlandsTXFreeper2
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