Posted on 03/23/2011 10:03:04 AM PDT by Slyscribe
At the end of the first quarter of fiscal 2011, the federal government had over $1 trillion in unspent funds that could be used to reduce future deficits.
Yet Congress seldom uses these "unobligated funds" for deficit reduction, preferring instead to spend the money.
That may be changing with the government running trillion-dollar shortfalls and a GOP House brimming with fiscal hawks.
(Excerpt) Read more at investors.com ...
Some pigs are more equal than others.
How about give it back to the taxpayers and let us reduce our debt then everyone wins
Isn’t the total deficit around $15 Trillion?
And SS is on the verge of being bankrupt?
Sent to Drudge.
So where did this money come from? A printer somewhere?
I wonder how true this is? I mean, after Glenn exposed the tape yesterday of the Union Leader(s) conspiring to bring down JP Morgan and the US economy...part of that plan, was getting the public to believe “there is still money in the govt” and that they are hoarding it, etc.
Just sayin’
So where did this money come from? A printer somewhere?
Like Michael Moore and that Lerner dude from the SEIU are out there saying....we aren’t broke, it’s just that the money is in the hands of the wrong people! /sarc
“.....brimming with fiscal hawks.”
HooHoooHawHawHaw...guffaw....(wipes eyes)......
Who’s HogBerg kidding here...”fiscal hawks” can’t even figure out how to eliminate 40yr old obsolete 100 billion dollar agencies......
Stupid really.
How selfish or crooked is their thinking to agree to such subterfuge on the American people/ No! rather they talk of raising taxes, cutting funds from social security. It is sobering to realize the mind sets of our legislative, judicial, and executive branches and all auxiliary cabinets and bureaucracy. God help us in America and restore us to honesty, integrity, and responsibility, right of private property, and freedom/liberty of choice in our lives. Less governmental controls. Much less. Thank thee, Father for hearing this prayer. Amen
IBD is a credible publication, IIRC.
No need to spend $1 trillion in unspent funds when you can tax the hell out of people for the next 200 years.
See Obama&Co.plan
The 0bama regime will find a way to throw it down a rathole.
No, the government has an excess of funds stolen from people who actually work for a living.
The banks lose if we reduce our debt and stop paying interest. It’ll never happen, Al.
“The banks lose if we reduce our debt and stop paying interest. It’ll never happen, Al.”
You’re right. The Fed creates the money out of thin air as a loan; therefore the bills are certificates of debt. If all the debts were paid off, there would be no money. See “The Creature From ? Island (forgot the name of the Island but that’s the name of the book) by G. Edward Griffin
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