Obama to Bankrupt US

[vurbano]

http://news.yahoo.com/s/ap/20090322/ap_on_go_co/gregg_budget


Sun Mar 22, 9:47 am ET
WASHINGTON – The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.

But Sen. Judd Gregg of New Hampshire also says President Barack Obama's massive budget proposal will bankrupt the country.

Gregg says he has no regrets in withdrawing his nomination to become commerce secretary. He pulled out after deciding he could not fully back the administration's economic policies.

The senator said Obama's spending plan in the midst of a prolonged recession would leave the next generation with a country too expensive to live in.

Gregg appeared Sunday on CNN's "State of the Union."

[dantheman77]

the sky is falling (repeat)

[vurbano]

http://news.yahoo.com/s/ap/20090325/ap_on_go_co/congress_budget_13


Cantor: Obama's $3.6T budget out of mainstream



WASHINGTON – A leading House Republican is charging that President Barack Obama is pushing a federal budget so far out of the mainstream that even congressional Democrats are struggling with it.

House Minority Whip Eric Cantor asserted that the $3.6 trillion spending blueprint that Obama will personally push in a visit to Capitol Hill later Wednesday would burden future generations with staggering debts.

Interviewed on NBC's "Today" show, the Virginia Republican said he thought the country got a firsthand look Tuesday night as Obama sought to "defend a budget that is so far out of the mainstream" that significant members of his own party are wary of it.

[fallout2600]

Doesn't matter, we're already broke...

[cybok0]

the sky is falling (repeat)

LOL. :parachute-030:

[msmith198025]

Doesn't matter, we're already broke...

That is more or less accurate

[vurbano]

We are broke I agree but making the hole we are in 10 times deeper is madness.

[fallout2600]

It amazes me that no one can bring a better plan to the table...

[Carl]

The people with the deep pockets will have to suck it up.

[HDRoberts]

Correction, every president since FDR (and particularly since Reagan) has been slowly bankrupting the US. They have all been guilty of deficit spending.

[vurbano]

Correction, every president since FDR (and particularly since Reagan) has been slowly bankrupting the US. They have all been guilty of deficit spending.
Which one had a 3.6 trillion dollar budget?

[HDRoberts]

Which one had a 3.6 trillion dollar budget?

Inflation means nothing?

Intersting reading:
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
(I know it's wikipedia, but if there were any reason to doubt, a conservative could change the numbers as well as a liberal)

Perhaps the better measure is debt to GDP. As the number clearly show, who increased that ratio the most? Reagan and both Bushes.

[Derwin0]

Perhaps the better measure is debt to GDP. As the number clearly show, who increased that ratio the most? Reagan and both Bushes.But since Congress actually writes and passes the budgets, perhaps we should look at which party controlled Congress in those years.

[Carl]

Inflation means nothing?

Intersting reading:
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
(I know it's wikipedia, but if there were any reason to doubt, a conservative could change the numbers as well as a liberal)

Perhaps the better measure is debt to GDP. As the number clearly show, who increased that ratio the most? Reagan and both Bushes.

:thumbup::thumbup:

[vurbano]

3.6 TRILLION DOLLARS in his first 100 days.

[Carl]

lucky that's all it cost after the republicans ran things into the ground.

[HDRoberts]

But since Congress actually writes and passes the budgets, perhaps we should look at which party controlled Congress in those years.

Fair point, any anyone is welcome to calculate it. But to be fair, it's usually the president who drafts it, then it becomes a starting point for congress. Plus, the president has veto power.

But the fact is, for most around, here, when a Republican is in the Whitehouse, it's congresses fault, when it's a Democrat, it's his fault.

[froggigger]

Fair point, any anyone is welcome to calculate it. But to be fair, it's usually the president who drafts it, then it becomes a starting point for congress. Plus, the president has veto power.

But the fact is, for most around, here, when a Republican is in the Whitehouse, it's congresses fault, when it's a Democrat, it's his fault.

The bottom line is that government is out of control. Political party is pretty much irrelevant now.

[msmith198025]

The bottom line is that government is out of control. Political party is pretty much irrelevant now.

Bingo

[Derwin0]

Fair point, any anyone is welcome to calculate it. But to be fair, it's usually the president who drafts it, then it becomes a starting point for congress. Plus, the president has veto power. Unless Congress is controlled by a different party, then the budget draft is "Dead on Arrival" as quoted by Tip O'Neal when discussing Reagan's budget submittals. In each of the 8 years, the House started with it's own budget from scratch.


But the fact is, for most around, here, when a Republican is in the Whitehouse, it's congresses fault, when it's a Democrat, it's his fault.I blame both, but the onus is on Congress because that's where an actual budget is written and passed.
The Regan deficits, I blame the Democrats, because while Reagan called for cuts in spending, the Congress increased spending at a faster rate than the newly implemented tax cuts increased revenue.
I give credit for the surplus in the 90's to the Republicans, because if anyone cares to remember, Clinton was dragged kicking and screaming to the table when that first "balanced" budget was put on his desk. Remember the cries of poor kids starving? But he knew there was no way in hell to get re-elected in '96 without signing it.
Just the same, I blame the current deficits on the Republicans, because during the Bush years, there wasn't a spending program they didn't not like.

[vurbano]

I blame Congress. The DEM congress that has had control the last 2 years.

[fallout2600]

I blame both parties for the last 8 years of insane spending.

[Bob Haller]

strict term limits, publically funded campaigns with few no job perks. serving in congress must become SERVICE TO OUR COUNTRY, not a lifetime plush job.

untill we have this things will lurch along poorly

[Scott Greczkowski]

Bob I agree with you 100%!

(Holy crap the sky IS falling!) ;)

[Carl]

strict term limits, publically funded campaigns with few no job perks. serving in congress must become SERVICE TO OUR COUNTRY, not a lifetime plush job.

untill we have this things will lurch along poorly

:thumbup::thumbup: