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Originally posted by SpaDe_
The actual number in 10 years based on the amounts that are authorized in the bill that just passed the house tonight would put us at 24.687 trillion in 2021. It is all spelled out right in the bill in black and white. They didn't even use any funny phrasing or try to hide it, they just put it right out there in the open.
Originally posted by BooKrackers
Well, what do you expect? Personally I don't think we'll make it to the end of the year but that's just me. I think they know something is about to happen...so if anything this was just a empty gesture to make people feel at ease until the SHTF.
Then its anything goes..
Originally posted by liejunkie01
I could'nt vote.
Why are you blaming me?
There it sits, lonely and forlorn on my shelf. A leather-bound copy of the 1999 Budget of the United States of America. A gift from President Clinton to the folks on his team, it was the first balanced budget in decades. But it wasn't supposed to be the last. Indeed, experts projected surpluses as far as the eye could see: $5.7 trillion in surpluses, to be exact. The surpluses were so strong that deep into the future—in 2009—the entire national debt was going to be zero. For the first time since Andy Jackson was president, the United States of America would not owe a dime.
There was no unforeseen earthquake, no tsunami, no hurricane that wiped out our surplus. It was instead a Republican House, a Republican Senate, and a Republican president who squandered the surplus. In full possession of the federal government for the first time since Eisenhower, the GOP—with, to be fair, some help from some very foolish Democrats—systematically dismantled the economic and fiscal policies that produced the strongest economy and largest budget surplus in our history. Specifically, they did four things: cut taxes (with a heavy tilt toward the rich), waged two wars on the national credit card (one of which was against a country that had nothing to do with 9/11 and posed no serious threat to America), passed a prescription drug benefit with no pay-for (the first entitlement in American history without a revenue source), and deregulated Wall Street (which helped turn the American economy into a casino and touched off the Great Recession).
I recap all that not to further depress you, Dear Reader. But it is striking how absent that history has been from the coverage of our current crisis. I can understand why the GOP doesn't want to remind folks of how they screwed the pooch. Indeed, they have a competing myth—that Washington went on a spending binge; radical young President Barack Obama went crazy with the national credit card. That, of course, is nonsense. But too few Democrats—and almost no media commentators—have countered the mendacious right-wing storyline.
Originally posted by MasterAndrew
Originally posted by liejunkie01
I could'nt vote.
Why are you blaming me?
who else would be to blame, these are your leaders.... citizens are not powerless.... yet something's wrong.