Oops! What's 2.3 trillion among friends?

[westvirginia]

 

What this means to the debt/deficit in concrete terms:

 

........ that means today's public debt of $14.2 trillion will balloon to $23.7 trillion by the year 2021. For each American who pays taxes, that represents a $260,000 liability. The jumbo-sized deficits have a real impact on taxpayers who will end up spending more of their money on interest. That's the case under Mr. Obama's budget, where interest payments nearly quadruple from $260 billion to $931 billion a year in 2021. That means 3.9 percent of the nation's entire productive output will be devoted not to funding present government operations, but to covering the excess spending of an administration long past.

 

[bushwacked]

It's the CBO, their projections aren't accurate. Or are they this time? We can't find out for sure until Az posts a right wing blog.

Edited March 21, 2011 by bushwacked

[Ursa Majoris]

 

What this means to the debt/deficit in concrete terms:

 

 

 

We should have a fogging a dead horse emoticon in here.

 

:sigh:

 

Taxes - historically low though most of the sheep still "think" they've gone up.

Spending - historically high, because the same sheep as mentioned above still want their Medicare, their SS and their rendition of God Bless America as yet another trillion dollar bomber fleet takes to the skies and yet another business attaches itself to the government nutsack.

War - entered into willy nilly, it seems, since the anti-spending sheep will have a cow if they can't walk around like so many bantam roosters with their little lapel pins showing how tough they are

Interest on debt - mushrooming because no-one wants to pay for what they've already consumed

 

The inability of much of the populace to add two and two is depressing.

Edited March 21, 2011 by Ursa Majoris

[SEC=UGA]

We should have a fogging a dead horse emoticon in here.

 

:sigh:

 

Taxes - historically low though most of the sheep still "think" they've gone up.

Spending - historically high, because the same sheep as mentioned above still want their Medicare, their SS and their rendition of God Bless America as yet another trillion dollar bomber fleet takes to the skies and yet another business attaches itself to the government nutsack.

War - entered into willy nilly, it seems, since the anti-spending sheep will have a cow if they can't walk around like so many bantam roosters with their little lapel pins showing how tough they are

Interest on debt - mushrooming because no-one wants to pay for what they've already consumed

 

The inability of much of the populace to add two and two is depressing.

 

You complete me (except I think that taxes could be lower... Yes, I am all for cutting out spending, surprisingly in many of the same places as you. But, also in many not supported by the left and this is where the disagreements begin.)

[Chavez]

You complete me (except I think that taxes could be lower... Yes, I am all for cutting out spending, surprisingly in many of the same places as you. But, also in many not supported by the left and this is where the disagreements begin.)

 

 

Well, the thing is that at this point I think what has to be done is cutting spending and RAISING taxes.

 

 

But good luck to the guy who runs on THAT platform.

[westvirginia]

We should have a fogging a dead horse emoticon in here.

 

:sigh:

 

Taxes - historically low though most of the sheep still "think" they've gone up.

Spending - historically high, because the same sheep as mentioned above still want their Medicare, their SS and their rendition of God Bless America as yet another trillion dollar bomber fleet takes to the skies and yet another business attaches itself to the government nutsack.

War - entered into willy nilly, it seems, since the anti-spending sheep will have a cow if they can't walk around like so many bantam roosters with their little lapel pins showing how tough they are

Interest on debt - mushrooming because no-one wants to pay for what they've already consumed

 

The inability of much of the populace to add two and two is depressing.

 

So obamessiah's folks keying up that budget for him are just a representation of america?

[WaterMan]

I say cut spending and lower all government salaries over $75k.