Holy crap, dumbass on CNBC says "Budget Deficit has nothing to do with economy"

[dblee]

I don't know where they keep finding these retarded bulls.

Budget Details:

total of $3.1T

$2.3T in tax cuts through 2018

$560B cut in medicare

Deficit projected at over $400B annually




This is near record levels. Sheesh. Will the spending never stop?

[louisiana4liberty]

These fools need their heads examined. Bush's budget will crush the economy. 7% increase in military spending? WTF

[kyleAF]

The military desperately needs it to recapitalize. However, that's only because these no-win wars have been wearing us down for the past 17+ years...

Of course, the money will be blown on the current operations more than on revitalizing our struggling national defense.

And the deficit spending is gonna kill us anyway...

[dblee]

Their explanation is, "oh it doesn't matter, you can't look at the raw numbers you have to look at the % of the GDP it is, and it's less than 2%"

Rediculous. Somehow they forgot about our 10 trillion dollar debt and how this is contributing.

[N13]

Dumbass must have missed that part about the annual expenditures on the debt service and interest.

[Monotaur]

Their explanation is, "oh it doesn't matter, you can't look at the raw numbers you have to look at the % of the GDP it is, and it's less than 2%"

Rediculous. Somehow they forgot about our 10 trillion dollar debt and how this is contributing.

More like $50 trillion, if the government were forced to use the same bookkeeping standards that it forces corporations to use.