Topic: US budget deficit nearing $500 billion

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February 3rd, 2006   Post 1
Duty Honor Country
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Post; US budget deficit nearing $500 billion


http://news.google.com/nwshp?tab=wn&...8059.htm&hl=en

Take your pick of articles, the story is the same. The President is requesting another $120 billion for the War on Terror and hurricane relief. The headline for USATODAY.COM reads "Deficit could hit $500B with Congress' OK."

This is insane. The United States government needs to wake up. We cannot expect to spend 20% more than we collect in taxes and expect to prosper economically. Once upon a time, republicans were not about big givernment. However, that is what we got right now. This needs to stop. Does anyone else see where I am coming from???
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February 3rd, 2006   Post 2
Whispering Death
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Gear

I do doody, but you see, I currently can't hear you because I'm distracted by a very shiny object what is is... oh yeah Gay Marriage! I'll worry about crippling economic collapse and poverty later, I'm sure that's important or whatever but gay marriage, oh my god, I have to vote republican.
 
February 3rd, 2006   Post 3
Young Winston
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Quote:
Originally Posted by Doody
http://news.google.com/nwshp?tab=wn&...8059.htm&hl=en

Take your pick of articles, the story is the same. The President is requesting another $120 billion for the War on Terror and hurricane relief. The headline for USATODAY.COM reads "Deficit could hit $500B with Congress' OK."

This is insane. The United States government needs to wake up. We cannot expect to spend 20% more than we collect in taxes and expect to prosper economically. Once upon a time, republicans were not about big givernment. However, that is what we got right now. This needs to stop. Does anyone else see where I am coming from???
I hate to say this Doody but you are starting to sound like a ....Liberal!
 
February 3rd, 2006   Post 4
mmarsh
Tribunus Laticlavius
 
Gear


Add to that, the $70 Billion Bush asked for yesterday for the Iraq adventure...

http://www.mercurynews.com/mld/mercu...s/13778059.htm

But I think Whispering Death is on to something, its Gay Marriage issue thats making the Washington D.C Red ink run for sure! Just you wait, they will try and resurrect the anti-gay marriage amendment issue again to keep all the plebs distracted...
 
February 3rd, 2006   Post 5
Rabs
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Quote:
I hate to say this Doody but you are starting to sound like a ....Liberal!
Or a true conservative advacateing finacial responsability.
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February 3rd, 2006   Post 6
PJ24
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Gear

Quote:
Originally Posted by Young Winston
I hate to say this Doody but you are starting to sound like a ....Liberal!
I don't see where he sounds like a liberal at all. If you look at past US politics, conservatives have generally been the most fiscally conservative and liberals the opposite. Are current admin is very liberal when it comes to handling money.

I am not even close to being a liberal, I'm very conservative, although I do not cow tow any party lines, and I agree 110% with him.

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Ugh.
 
February 3rd, 2006   Post 7
Duty Honor Country
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Quote:
Originally Posted by Young Winston
I hate to say this Doody but you are starting to sound like a ....Liberal!
Please don't get mad at this comment. Young Winston and I go way back. That was one of those jabs freinds take at one another. He may thing I was a republican but he may surprised to find out I am an independent. I swing both ways to get the best of both worlds.

As for Gay Marrage vs the national deficit, I really do not see the comparison. Right now, gay marrage does not affect me one bit. Although I do not agree with it, I am not about to take up the sword for a crusade against gay marrage. There are way more important things to worry about.

The budget deficit affects us all more than you realize. Right now we live in a fanticy world. Every congressman and senator knows we are deep in the red but no one wants to do the evil deed of raising taxes or cutting spending. Sooner or later we are going to have to raise taxes. THere is no way around it. If we are ever to reduce the $8 trillion in national debt, we are going to have to cut spending like we mean it.

The way our government blows needless money is mind boggling. FEMA definately struck out with Katrina. They send 10,000 people to live in New York City where rent is well over $2000 a month for a family appartment. Then we got those nice $60,000 trailors that was bought with emergency funding. When I was at HorseShoe Bend National Park, I stayed at a state park that had 200 of those things. Only half were in use. FEMA should have sent some of those displaced by Katrina to Clarksville, TN. $60,000 could get you a nice appartment for 9 years or so because rent is only $500 a month for a 3 bedroom appartment.

SOme of you will argue that we are at war. Well yea, the war has cost about $440 billion since 9/11/2001 according to USA Today. I guess 2007 figures are about $150 billion for the war give or take. That still leaves over $300 billion that is still considered budget deficit. The thing that bloggles my mind is that we are so deep in the red when the economy has been pretty decent. What is going to happen when things really turn south for the US economy?

I do have a theory on why no one really cares too much about the budget deficit. The American people are about as good as the government when it comes to budgeting. The amount of credit card debt per a house hold blew by $9,000 after this Christmas and Americans saved a dismal -.5% of their income in 2005.

I have written enough for now. I am looking forward to more debate

Doody

Last edited by Duty Honor Country; February 3rd, 2006 at 22:55.
 
February 3rd, 2006   Post 8
Whispering Death
Tribuni Angusticlavii
 
 
Gear

Quote:
Originally Posted by Doody
As for Gay Marrage vs the national deficit, I really do not see the comparison. Right now, gay marrage does not affect me one bit. Although I do not agree with it, I am not about to take up the sword for a crusade against gay marrage. There are way more important things to worry about.
I was giving a delightfull bit of social commentary on how the "values voters" where what most people voted for.

Life, liberty, pursuit of happiness? economy? war? Bah!
 
February 3rd, 2006   Post 9
Duty Honor Country
Milforum Moderator
 
 
Oh yes, I am well aware of that. THere be many people in this country that will vote for someone only based of thier views on abortion or gay marrage. The recent Supreme Court nominations showed us all that.

I am really going to see who says they are going to "attempt" to cut spending. I think John McCain comes to mind as being one of those people who realize how much waste is in government spending. He is far from perfect, but he does more to highlight the issue than most.

But we all know governmnet officials say one thing but can do the exact opposite.
 
February 8th, 2006   Post 10
ASTRALdragon
Centurion
 
 
Gear

Forgive me for not staying awake in my economics class, but what happens if the federal deficit is too high? Inflation? US dollar is kicked off world markets? Please explain. Thanx in advance!