View Full Version : Holy crap, dumbass on CNBC says "Budget Deficit has nothing to do with economy"
dblee
02-04-2008, 06:06 PM
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
02-04-2008, 06:16 PM
These fools need their heads examined. Bush's budget will crush the economy. 7% increase in military spending? WTF
kyleAF
02-04-2008, 06:18 PM
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
02-04-2008, 06:21 PM
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.
Dumbass must have missed that part about the annual expenditures on the debt service and interest.
Monotaur
02-04-2008, 08:09 PM
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.
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