Last edited by buck; 04-30-11 at 02:08 PM.
the president doesn't have a plan
and the president will never have a plan
he can never write his rhetoric into ITEMIZED form
which is why it is SEVEN HUNDRED DAYS since the united states senate PRINTED a budget
y'know, IN TIMES LIKE THESE
if immediate action is not taken to fundamentally restructure our budget then our big 3 federal social programs will cease to exist in their present form
meanwhile, observant americans see that all barack the slasher's got is a great speech, an excellent speech
which he aint even saying THAT anymore
when's the last time he said, tax the rich, when's the last time he said, 500 billion in medicare savings?
when do you expect him to hammer that stump next?
don't hold your breath
Last edited by The Prof; 04-30-11 at 02:08 PM.
In reading this thread, I am not surprised to see the partisan hackery on both sides of the aisle here. The way I see it, GOP batcrap crazy isn't any better that Dem batcrap crazy. But our nation will continue to bathe in batcrap crazy until they realize that the GOP-Democrat paradigm is to divide and conquer the American people. Until a valid third party comes along that truly represents the interests of the American people, the debate between batcrap crazy and batcrap crazy will continue.
The ghost of Jack Kevorkian for President's Physician: 2016
Service of the federal debt as a percentage of GDP in 1990 was 4.6%. Service of the federal debt as a percentage of GDP in 2010 (20 years later) is 2.7%.
This is the historic low for the U.S.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
Another way to look at it is that our deficit is running about $1.6 trillion, if interest rates were close to normal the deficit would be about $2 trillion.
which is precisely how service on the debt, mere interest alone, is fast approaching a full trillion dollars per year
because interest rates must someday return to normal
Fed members raise specter of higher interest rates - Forbes.com
Fed Likely to Raise Rates
Fed Official: Funds rate should hit 2.5% in year - MarketWatch
Minneapolis Fed Sees Higher Rates by Year End - WSJ.com
and with gdp today at 1.8%...
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump