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© Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Obama's $3.8 trillion budget heading to Congress
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adaydream
quest, you just don't understand. That $4Trillion was given away in one tax year. Those are not the tax cuts that just ran out or are running out. Those running out are only 600Billion a year.
Until Obama puts in for more money, your argument is unfounded.
Asura, The wars we're locked into because of the preceeding president. < :-)
guest
Your hero Obama has not reinstated any of those 4 trillion tax cuts, it must have been a good idea, right... Obama is the president now, not Bush, so the buck stops with him. its funny that you are so fixated on Bush, (the past) that you fail to realize that Obama is his clone, or even worse. You know Obama will be begging for more cash in 6 months but its OK because he is a demapublican.
Asara
$720 billion for weapons and bullets to kill whom?!
adaydream
So you agree that george bush gave away $Trillions in tax dollars. Thank you.
And that $4Trillion was in one tax year. This didn't even include the other dozen tax cuts he initiated. < :-)
guest
Those were temporary tax cuts, and if Obama disagrees, he could repeal them, or impose new taxes, but , he has not...
adaydream
You're wrong quest. Dead wrong. Even more than just the Wall Street thieves. < :-)
http://www.zmag.org/zmag/viewArticle/13998
During George W. Bush's first term alone, more than $4 trillion in tax cuts were passed. Studies show that approximately 80 percent of these cuts are accruing to the wealthiest 20 percent households and largely in turn to the highest income groups within that 20 percent.
http://www.gothamgazette.com/print/838
http://www.commondreams.org/views04/1022-26.htm
adaydream
Wow quest that's pretty good. You hope your speculation is correct. You'll even put it in an "I'm so positive" statement. Obama will never be like george bush. < :-)
guest
Bush never gave the Wall Street bankers billion dollar raises, and interest free money, with no strings attached.
guest
Give Osama six months, hell be begging for even more cash.
adaydream
Barack Obama budgeted the wars in this bill. george bush never put the wars in the budget. he sent special spending bills separately to the congress. < :-)
adaydream
Thanks Sarge.
You still don't prove my statement false. I very plainly said that george bush raised the national DEBT not deficit.
http://www.afn.org/~concord/coalition/debtdef.htm
So I'll repeat my statement a little more clearly. george bush spent more money then any other president and left this country deeper in debt than any other president period.
Do you understand the statement? < :-)
Sarge
Take a gander at this:
blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/
adaydream
Sarge, prove your statement. The first two sentences says the debt will crest. It doesn't say that Obama spent the national treasury.
Do us all a favor and show a link to your proof. < :-)
adaydream
Look at you denial of bush's facts.
This country has to recover from bush's spending spree with America's treasury.
I love how Sarge's republicans put this country in the tank, but they so innocently deny the facts. < :-)
Sarge
"Obama won't rid the country of the debt created by george bush ( George Bush )"
Of course not, the way he's going, he's going to create a debt that'll make Bush's debt look like a surplus.
"we'll come back no matter what bush ( Bush ) did"
We'll come back no matter what Obama does. It might take awhile though.
Sarge
Sushi: "Sarge successfully proves once again that he completely misunderstands this fiscal crisis"
How so?
adaydream
I love this chart. It really shows the republicans claim to fame.
http://www.google.com/imgres?imgurl=http://www.lafn.org/gvdc/Natl_Debt_Chart-2004.gif&imgrefurl=http://www.lafn.org/gvdc/Natl_Debt_Chart.html&h=868&w=961&sz=116&tbnid=JbpvvbKPGqTjLM:&tbnh=134&tbnw=148&prev=/images%3Fq%3Dus%2Bdebt%2Bchart&hl=en&usg=__g1ZKwbsO12OQR-RXEJLLmE4qrEw=&ei=D9tmS9_oDJCmNqittfgG&sa=X&oi=image_result&resnum=8&ct=image&ved=0CCAQ9QEwBw
This is also a real good chart.
http://www.google.com/imgres?imgurl=http://www.brillig.com/debt_clock/inflation.gif&imgrefurl=http://www.brillig.com/debt_clock/faq.html&h=407&w=474&sz=6&tbnid=yZqULcytMSqhMM:&tbnh=111&tbnw=129&prev=/images%3Fq%3Dus%2Bdebt%2Bchart&hl=en&usg=__ZgCVQImO6WhICnoPJZ4OJDgeZGc=&ei=D9tmS9_oDJCmNqittfgG&sa=X&oi=image_result&resnum=7&ct=image&ved=0CB4Q9QEwBg
Obama won't rid the country of the debt created by george bush, but we'll come back no matter what bush did. < :-)
Raja Kumar
Obama's perfect trillions circulations,finding the perfect money cure for USA.
Badsey
When is my next handout (stimulus)? I want to ramp up the fiat debt as much as possible to enslave the American populace.
goddog
Most of us xpats do not pay amerikan taxes anyway, so this means nothing to us.
TumbleDry
Odogma: what does "Other" mean in the graph.
Odogma
At http://online.wsj.com/article/SB124750836648634011.html is a simple graph ("Deep Impact") which explains, clearer than words will, precisely why Barack Obama will be a one term president, and why he is already becoming toxic to his own party.
SushiSake3
Sarge successfully proves once again that he completely misunderstands this fiscal crisis....
Sarge
"No president in history ever ran up a debt like george bush"
You must have missed the first two lines of this article:
"The national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year"
Obama is making George Bush look like a spendthrift.
adaydream
Oh Odogma, you're so funny. You're good buddy george bush did that before he left. You're real good about blaming Obama, but bush ran the debt up $6Trillion in 8 years. No president in history ever ran up a debt like george bush. Barack Obama will deal with it. He won't rid us of it, but he won't be a mill stone around our neck like bush. < :-)
Odogma
Obama, and the Soros people who back him, understand that to repeal democracy in America you need to destroy the economy.
GJDailleult
This makes it sound like the government deficit will cause problems in the future, when the reality is that the deficits are just a symptom of the dangerous problem that nothing was done about. Total debt in the USA is 50 trillion dollars or 350% of GDP. The private sector is maxed out and can't take on any more debt, so the government has to take it on to keep the economy from crashing down. That's the problem.
Welcome to the new Japan, although if things go as they have in Japan that might actually be a pretty good outcome. Things might end up much worse than in Japan.