Comments on: 2008 U.S. Budget Deficit Bleeding Red Ink

First 4 Months Of Budget Year At Nearly $88B, Double Amount Recorded For Same 2007 Period

[mcv57]

The budget isn''''t the only thing bleeding on the Bu$h watch...

Posted by inventagod

The sad truth, the troops don''t realize they are being exploited by a big oil and criminals in the White House. They actually think they are protecting us, can you imagine that.

[davewrite1]

Ever since Ronald Reagan and supply side economics the strategy has been clear: To spend so much on right wing causes like war, weapons, and subsidizing the rich that the mountains of debt would squeeze out every penney that could arguably be used to lift up the lives and hopes of John and Jane Doe. It looks like Bush, under the guise of religion and patriotism, will sink America.

[inventagod]

The budget isn''t the only thing bleeding on the Bu$h watch...

[byeneocons]

Apparently our President, D/ck Cheney, was wrong when he said "Reagan proved deficits don''t matter."

[singingrick]

The Bush Budget Deficit Death Spiral


Lenders talk about a %u201Cdebtor%u2019s death spiral.%u201D It occurs when borrowers get so far in over their heads they begin borrowing money just to cover the interest payments on past borrowings. The borrowers have to do this to keep the lending flowing but they can no longer plausibly pay down the principal. As new debt compounds on old, bankruptcy becomes imminent. Further lending is foolhardy. Foreclosure is only a matter of time.

The U.S. is starting to look like it is entering just such a death spiral. It is foretold not simply by the large and growing deficits, nor by the fact that their carrying costs will rise quickly as interest rates rise. Rather, it is the fact that these trends are becoming irreversible, a structural part of the U.S. economy.

[mcvet]

Not to worry folks! The Fascist will cut your taxes, cut spending and balance the budget NEXT time! ROFLMAO We sure bought a big lie when we bought this garbage from the "Republican''s" and Bush! Had enough? Vote Democrat in the fall and lets start the long slow process AGAIN! Sieg Heil Bush

[nwcruiser]

Worry!

[byeneocons]

Sure hope we can get another conservative christian Republican in the White House to clean up this mess.

[displeased]

Wait until the trillion dollar bill gets pass on the thieves in Congress and the Senate.
Posted by mcv57

It wouldn''t be an issue if the thief in the White House didn''t bomb away the surplus that your so called "thieves" in congress and senate left behind.

[iceman_1960]

In the immortal words of D*ick Cheney, "Help is on the way."

A Democratic administration will be taking over in January.

[mcv57]

"2008 U.S. Budget Deficit Bleeding Red Ink"

We have barely started the year. Wait until the trillion dollar bill gets pass on the thieves in Congress and the Senate. The U.S. Budget Deficit is going to have massive hemorhage out the ying yang.