Obama's spending is WAY out of control...

[Larry Gude (Premo)]

White House: Budget deficit to top $1.8 trillion - Yahoo! Finance

WASHINGTON (AP) -- With the U.S. economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing 50 cents for every dollar it spends this year.

The deficit for the current budget year will rise by $89 billion to above $1.8 trillion -- about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall Street bailout, the cost of President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.

He is well on his way to being a one term president. It's one thing to be a little worse than the previous batch of spendthrifts. It's another to be exponentially worse.

This is insane.

[aps45819 (Premo)]

Didn't congress INCREASE his proposed budget?

The productive taxpayers are like the crazy drunk girl in the back of the bar, everybody is lining up to get a shot

[cwo_ghwebb]

Originally Posted by Larry Gude

White House: Budget deficit to top $1.8 trillion - Yahoo! Finance




He is well on his way to being a one term president. It's one thing to be a little worse than the previous batch of spendthrifts. It's another to be exponentially worse.

This is insane.

Unfortunately, the damage will be done. New entitlements never get rescinded for fear of angering the mob. And the stimulus money forced upon the states ensures new entitlement programs that have to be funded by the states after the stimulus money is no longer available.

The taxpayer gets nailed on two fronts in the future. Higher federal and state taxes to pay for the 'changing of America'.

Disaster recovery is expensive.

[glhs837]

sssshhhhhhhh, repeat after me.........

We can no longer afford to spend as if deficits don't matter and waste is not our problem

The One has spoken, and shall not be gainsaid by the like of you, Mr. Gude.

[aps45819 (Premo)]

Originally Posted by Beaver-Cleaver

Disaster recovery is expensive.

By you best estimation, how much money will it be necessary to borrow and spend to become debt free?

[Pete (Premo)]

Originally Posted by Beaver-Cleaver

Disaster recovery is expensive.

Except when Bush does it, then it is "Spending like a drunken sailor".

Originally Posted by aps45819

By you best estimation, how much money will it be necessary to borrow and spend to become debt free?

I'd prefer we not "borrow and spend" anything - but I'm not POTUS.

I don't know how to fix the problems.

To quote Bill Cosby, "I don't know the key to success, but the key to failure is trying to please everybody."

[vraiblonde]

What freaking "disaster"????? I was doing just fine, and I'll bet the vast majority of you all were, too.

Originally Posted by vraiblonde

What freaking "disaster"?????

The eight year disaster that just came to an end about four months ago.