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Originally posted by lel1111
reply to post by wutone
Hi there. I agree with much of what you're saying. There is a lot of waste in that many people being overpaid for what they "do." I just wish that the cost of living wasn't so high. Yeh, people can be greedy and buy unnecessary "stuff" but mortgages, rent, utilities is crazy. I wouldn't care if I was only paid $5 an hour if it didn't cost so much to just live - the basic necessities. Why DID everything become so expensive? Who puts value on things? Who says diamonds or houses or whatever is worth what they say they are? Yes demand is part of it, but for many other items. . .
The ballooning U.S. budget deficit rose by $83.6 billion in December alone and the budget deficit for the first three months of fiscal year 2009 has already surpassed the total deficit for the entire fiscal year 2008, the Congressional Budget Office said Tuesday.
Currently, for the fiscal year that began Oct. 1, the budget deficit is at $485.2 billion. In the previous fiscal year the deficit was $455 billion and the deficit total just $161 billion in fiscal year 2007.
The combined effect of plummeting tax revenues and increased spending on emergency measures is severely straining the budget. With the high level of unemployment, consumers reining in spending and businesses cutting back on production individual income tax revenues have been depressed by 6.7 percent compared to the same period last year. Corporate tax revenues are suffering even greater, declining by 45.5 percent over the same period one year ago.
Economists are anticipating the budget deficit to top $1 trillion for the fiscal year, not including the $775 billion stimulus package proposed by the Obama administration
Originally posted by marg6043
The problem is that this is not the only state that is facing this type of problem.
What bothers me the most is that there we have a government that is giving away billions of tax payer money to the corrupted banking institutions but here you see what they do when in comes to the citizens in this nation they just give the finger and tell them to bend over.
[edit on 16-1-2009 by marg6043]
Originally posted by lunarminer
Hey Ya'all. I want to toss something else out there.
Remember the summer of 2007, when Congress tried to ram that amnesty bill through? Remember when it failed repeatedly and Nancy Pelosi said that the defeat of the bill would result in severe economic consequences for the country?
Is it possible that the current economic "slump" is what she was talking about? What if this was all engineered to punish the electorate for refusing to accept the will of the ruling classes?
Originally posted by Divinorumus
Say, if the government won't return our over payment in taxes, can we garnish government employee paychecks and levy government bank accounts? It would seem fair turnaround to me.
Originally posted by marg6043
reply to post by Rockpuck
It's that what we are doing to the banking system injecting billions upon billions of taxpayer money and they are still asking for more?
BofA got 25 billion now they are sinking again and just got more 18 billions actually they actually wants about 200b put together, so much for the benefits that we the tax payer will get once the get out of their hole.
Look at citigroup they have been getting cash infusions since October of 2007, even got a billions on TARP money and what are they doing now? the are sinking again.
Is more of the so call bailout banks that are going to keep leaching tax payer money before they can get profitable enough to make a difference on the tax payer pockets and the nation.
I doubt that we the tax payer will ever be getting anything from them.
Originally posted by marg6043
I wonder when the rest of the states around the nation that are in the same situation will start doing the same.