Comments on: U.S. Headed For Record Deficit In 2009

Bush Administration Blames $482B Budget Deficit On Slumping Economy, Stimulus Payments

Ok, this is pure speculation - nothing at all to back it up. Pure speculation.
Since Reagan, I have had this little suspicion that the reason Republicans have run up such huge deficits (it seems to be so outta character, on the surface) is to give themselves ammunition to attack the "entitlement" programs that they so dearly hate. They can use the "entitlement" programs as excuses for the the deficits they keep running up. But, like I said, it''s just speculation.

[tbweb]

In light of this disastrous financial news, the next U.S. President, no matter who it is, should be given 2 terms, 8 years in office. The first term should be used to get the United States financial house back in order and the second term should be to realize the new Presidents agenda. This may sound a little on the extreme side but our financial house is that out of order, in that bad a shape thanks to fiscally responsible Republicans! All Democrats really need to do is focus on the Republican mismanagement of the U.S. Treasury to the tune of a $9 trillion National Deficit and a $482 billion dollar Budget Deficit and Republicans should go hide their fiscally irresponsible faces! It`s really hard to believe Republicans allowed this financial nightmare.

[pirmin3]

Mission Acomplished GOP. Bankrupt the USA and line your pockets.

[lucasnico]

So, you don''''t think the attach on 9/11 had anything to do with tanking the economy?

Posted by payasyougo

you mean the attack? yes, and yes.... both on bush''s watch....game over, please deposit 400,000,000,000,000,000,000,000,000,000 more quarters

[mrbrill]

C''mon folks, quick complaining about the fiscal irresponsibility of Bush and the Repugs. At least the richest 1% received a hefty tax cut!! What? None of you are among the wealthiest 1%?

[irliberal]

The republicans used to say they were fiscal conservatives. They don''t even bother to say that anymore, because, of course, everyone would simply laugh in their faces.

Now the republican party is just about hating minorities and promoting your religion. The moral crusaders have run up a debt so large that it will take generations of pain to fix it.

[neobrian-2009]

King W Inherited a Surplus ,bleW IT BIG -TIME
Without Question ,.The Stupidest,Biggest MORON to Ever walk the halls of the white house,..
W is THE WORST Resident to Ever Occupy this Office
A TOTAL DISGRACE !!!!!! And You " Shrubbies " So Futile in Your Limp Attempts to Uphold this Gutless Coward of a Viagra recipient !
Rove,Shrub,Dicck And ALL YOU Brain-Dead Shrubbies should Be waterboarded Daily before joining Your Other Inmates in GOPMO Prison,..Forced to endure daily hunting trips with Dicck in the desert searching for clean water,while Claiming ''''Executive Privilege" to drink Oil !
Screw Each GOP Sect Member the Way They Have Screwed The Public! Endlessly ! (Repeated For Erichshyt )

[sharncedar]

"The result: the biggest deficit ever in terms of dollars, though several were higher in the 1980s and early 1990s as a percentage of the overall economy"

Like I post below, that''s nonsense. The real GDP has hardly risen since 1980, if you factor out the pure crapola, the unecessary real estate trades, the loans being sold and resold by the same 3 guys, etc. The overall real economy per capita is not growing, its been shrinking for years. The only "growth" in it at all is due to explosive population growth, the 40 million illegals that have flooded into the country since 1980. That''s almost a 20% growth in population, and real GDP has grown less than 20% in the same period.

It is a huge lie to claim that these current deficits have any historical precedent, other than idiot and ruined nations in the failure column of history. This is an insane debt by an insane government. It is completely impossible to pay off this debt without crippling the US economy and parlyzing the gevernment for 100 years. Run the numbers. This debt is a suicidal burden, we are way past the point of failure and collapse. it would take a severe restriction on every American for some 50 years, a life of drudgery and poverty with little or no government services and even higher taxes, to even begin to pay off these debts.

[timdgrim]

Can we put that on MasterCard? And..about what will our minimum monthly payment be?

[sharncedar]

"The deficit numbers for 2008 and 2009 represent about 3 percent of the size of the economy, which is the measure seen as most relevant by economists."

This kin dof measure, to compare debtsd against GDP, only makes sense if your measure of GDP measures genuine productive activity. We have had a phonier and phonier GDP measure every year. It includes activities that are mere derivatives, such as financial institution activity where they move the same non-money around in a million ways to churn their business model but which has no actual goods or services or tangible productive actions associated with. This GDP is vastly inflated, and thus the deficit as portion of GDP is vastly, hugely, underestimated.

Thus we plunge headlong towards financial ruin with the dumbest Congressmen and government officals this side of Zimbabwe. A dumb people with a dumb government will not prosper. America is not only dumb, it worships and idolizes stupidity. The result is inevitable ruin.

[taotxzen]

Bush Leaving Next President Record Federal Budget Deficit- $482 billion (Not Including Iraq Fiasco!)

Senate Budget Committee Chairman Sen. Kent Conrad, D-N.D., right, accompanied by House Budget Committee Chairman Rep. John Spratt Jr., left, look over a chart giving the Bush administration medals for the highest budget deficits, Monday, July 28, 2008, during a news conference on Capitol Hill in Washington. (AP Photo/Susan Walsh)

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WASHINGTON %u2014 The government''s budget deficit will surge past a half-trillion dollars next year, according to gloomy new estimates, a record flood of red ink that promises to force the winner of the presidential race to dramatically alter his economic agenda.

The deficit will hit $482 billion in the 2009 budget year that will be inherited by Democrat Barack Obama or Republican John McCain, the White House estimated Monday. That figure is sure to rise after adding the tens of billions of dollars in additional Iraq war funding it doesn''t include, and the total could be higher yet if the economy fails to recover as the administration predicts.

The result: the biggest deficit ever in terms of dollars, though several were higher in the 1980s and early 1990s as a percentage of the overall economy.

[neobrian-2009]

Erichshyt
Your Imagination is as Bad as Your Hero ''W''
Sorry to Disappoint You,..But,Everything I Wrote Is TRUE,..Did W go in with a Surplus ?
Did He Blow Every Opportunity He`s been Given ?
He IS a Total DISGRACE & YOU Are Too If You Think He`s Not!
Record Prices
Mortgages being defaulted on at Record rates
A War Based On Lies
Sinking Valuation of the Dollar
The Most Arrogant,Inept,Corrupt Administration in Our nation`s Once Proud History,..
Take a trip to other countries,..listen to others,..Read Something other than the comic strip,..Watch something other than FAUX Noise !
Get A Life !
You Just Might Learn something,...You Think I`m a Raging Lunatic ? I might get in to a rage when I think of how Our country has been Devastated by These Re-Con Criminals !The Way Corporape CEO`s have pillaged our people,..The Oil Companies have Hijacked our Government !
Call me What You Want ! Everything I Write Is TRUE ! Don`t feel sorry for this Raging Lunatic,...The Only thing I drool over is My Beautiful Brasilian Girl Friend,..Who is an International Relations Attorney ,..

[vnveteran72]

Apparently Shrub failed to mention the 2.5 $Trillion$ missing from the Pentagon that Rummy admitted to PRIOR to 9/11. $482 Billion???.....Chump Change....
The USA is Going Down the Tubes fast, and no amount of Lying and Spinning by Shrub is going to stop it.
He''s finally put the Crowning Jewel on his Lifetime Career as a Galactic ******-Up......LMMFAO
Worst President in History.
No one else even comes close.

[erichsh]

Posted by neobrian at 10:22 PM ....

I can only imagine the spit flying from this raging lunatic''s mouth as he pounds on the keyboard.... take it easy, slow down turkey, before you have a stroke.

[payasyougo]

"who has jammed this nation''''s economy so far down the drain we may never recover.... gotta love Bush!! "

The 2002 performance marked the first budget deficit after four consecutive years of budget surpluses.
----
So, you don''t think the attach on 9/11 had anything to do with tanking the economy?

[lucasnico]

and the ticking timebombs from cutbacks in intelligence and the military that resulted in 9/11 and North Korea nuke program. More worried about getting laid than keeping the country safe.

Both were quite a distraction from US policy.

Posted by payasyougo

well now let''s see........who was in office 9/11.... who was handed thousands of pages about Osama and the Taliban threat..... whose immediate reaction was to go into Afg....whoops, make that Iraq with no credible reason.... who has jammed this nation''s economy so far down the drain we may never recover.... gotta love Bush!!

[neobrian-2009]

King W Inherited a Surplus ,bleW IT BIG -TIME
Without Question ,.The Stupidest,Biggest MORON to Ever walk the halls of the white house,..
W is THE WORST Resident to Ever Occupy this Office
A TOTAL DISGRACE !!!!!! And You " Shrubbies " So Futile in Your Limp Attempts to Uphold this Gutless Coward of a Viagra recipient !
Rove,Shrub,Dicck And ALL YOU Brain-Dead Shrubbies should Be waterboarded Daily before joining Your Other Inmates in GOPMO Prison,..Forced to endure daily hunting trips with Dicck in the desert searching for clean water,while Claiming ''Executive Privilege" to drink Oil !
Screw Each GOP Sect Member the Way They Have Screwed The Public! Endlessly !

[payasyougo]

"When George W. Bush and the fascist took power in 2000. Bill Clinton handed them a Balanced Budget and a Surplus!..."
-------
... and the ticking timebombs from cutbacks in intelligence and the military that resulted in 9/11 and North Korea nuke program. More worried about getting laid than keeping the country safe.

Both were quite a distraction from US policy.

[vietnam21]

Sparky and numbskull, Do yall know how much do we give it away each year ??????you know what I would do with that money here in the state ?????

[payasyougo]

"The deficit numbers for 2008 and 2009 represent about 3 percent of the size of the economy, which is the measure seen as most relevant by economists. By that measure, the 2008 and 2009 deficits would be smaller than the deficits of the 1980s and early 1990s, ** when Congress and earlier administrations cobbled together politically painful deficit-reduction packages. ** "
---------

Clearly since then they have not made that mistake again.