http://finance.yahoo.com/news/CBO-Obama … amp;ccode=
You can bet if the CBO says Obamas numbers are off by 2.3 trillion the REAL numbers are at least double THAT! This president this " spectator in chief" is out of touch with reality along with the rest of the socialist democrats!
It's also disheartening that at the end of the article it says:
"Conversely, the report is a sobering blow to House Republicans charged with developing a budget blueprint that could satisfy its core supporters in the tea party. Republican lawmakers had already acknowledged that they won't be able to generate a budget that comes to balance by the end of the decade."
I thought the Reps were going to straighten this mess out. Now it's the end of the decade? What happened to the campaign promises?
The republican leadership has displayed weakness in budget negotiations. This is evident in the tax cut compromise and the recent CR due to expire in April. Some Tea Party freshman have been corrupted by the system but the fact that 54 republicans voting against the CR provides hope going forward that the necessary cuts will be made. Still the debt is quite large at 14 trillion and deficits of 1.5 trillion every year means 1 or 2 hundred billion in cuts wont do anything to bring those numbers down. The democrats 4 billion in cuts is an insult! Raising taxes on the rich wont be enough to balance the budget everyone will have to pay more, much more which will mean high unemployment for decades!
We new people of honor and courage to tell Americans the.truth and to do.what is painful and necessary not politicians whose only consideration is how this crisis can be used to maintain power.
Right. Or how about this little ray of sunshine tucked behind the thunderclouds toward the middle of the article...
"Friday's report actually predicts the deficit for the current budget year, which ends Sept. 30, won't be as bad as the $1.6 trillion predicted by the administration and will instead register $200 billion less."
Ah the liberal's demi-God Obama putting us into further debt was confirmed by the CBO. And now the libs want the Republicans who came into office to fix it. Now let me get this straight. The Great Shiny was elected into office because he is the anti-Bush and he ends up being a lot like Bush in more ways than one - hellooo Guantanamo is still there. And he spends a lot more than Bush with the lib dems like Frank contributing to the real estate bubble. And now the libs expect the Repubs to fix it all in one year but get upset when we expect Obama to fix it even though he hasn't with his great trillion dollar bill that was supposed to energize the economy.
Now, he bombs Libya without Congress's consent.
by lady_love1586 years ago
http://blog.heritage.org/2011/08/25/mor … a-economy/In true 1984 double speak the WH is pointing to the CBO report on the economy as proof their policies are working! Lol! Really? Working to do what? Destroy...
by American View6 years ago
I cannot wait to hear the responses on this one. A day after Obama was threatening how he will not pay the armed services, not pay Social Security, not fund Medicare, and more. "we do not have the money to pay...
by Ron Montgomery6 years ago
Not so much
by Gary Anderson6 years ago
I have been watching the Yahoo boards and people are furious at the Republicans, especially the Tea Party. They are getting the lion's share of the blame for the debt downgrade. Here's why:1. Obama wanted a grand plan....
by Doug Hughes6 years ago
My Hat's off to Steve Benen for this column from which I post a portion."1980: Ronald Reagan runs for president, promising a balanced budget 1981 -1989: With support from congressional Republicans, Reagan runs...
by lady_love1586 years ago
http://www.thedenverchannel.com/money/2 … etail.htmlBarack is history! Destined to be remembered for his socialist policy failures and for proving Keyesnian economics is the economics of fools! 7 out of 10...
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