Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Parking Lot


Bush administration projects record 2009 deficit

Parking Lot


Reply
 
LinkBack Thread Tools Display Modes
Old 07-28-2008, 02:45 PM   #1
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 42
Posts: 86,487
Bush administration projects record 2009 deficit

WASHINGTON (AP) — The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday.

More...
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote

Advertisements
Old 07-28-2008, 03:27 PM   #2
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 53
Posts: 10,525
Re: Bush administration projects record 2009 deficit

here we go again
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 07-28-2008, 04:43 PM   #3
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 53
Posts: 10,525
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by firstdown View Post
Goverment as a whole has grown and grown and grown. Bush has done somethings I agree with but his spending and exspanding of goverment is not one of them. Its time to reduce all goverment (federal, state, and local) back to what they where suppose to be. I don't think that will happen anytime soon because Obama & McCain seem to be promising the moon to get elected. I guess we will see. Now if Obama wins the Dems can just blame Bush like they say some blame Clinton. Then this can go on and on from election to election until people realise goverment is the problem and not the solution.
can you say homeland security? and wasteful spending is the earmark this administration has lived by
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 07-28-2008, 05:24 PM   #4
Playmaker
 
Slingin Sammy 33's Avatar
 
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by dmek25 View Post
can you say homeland security? and wasteful spending is the earmark this administration has lived by
Budget has to be approved by Congress....after loading it with earmarks. Both sides of the aisle are to blame.
__________________
"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
Slingin Sammy 33 is offline   Reply With Quote
Old 07-28-2008, 09:24 PM   #5
Playmaker
 
GhettoDogAllStars's Avatar
 
Join Date: Aug 2006
Location: Denver
Age: 33
Posts: 2,761
Re: Bush administration projects record 2009 deficit

Bush has exploited this country and its people to the fullest. He's reckless and ignorant -- a dangerous combination. Homeland Security is the biggest waste of tax dollars I have ever seen. Those of you who think Bush is not to blame for our current situation are just fooling yourselves. Bush is responsible for damn near every problem we face today. It will be such a relief to have him out of office. It still blows my mind that people elected him into office twice. Fools.
__________________
To succeed in the world it is not enough to be stupid, you must also be well-mannered.
GhettoDogAllStars is offline   Reply With Quote
Old 07-28-2008, 10:15 PM   #6
Playmaker
 
Slingin Sammy 33's Avatar
 
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by GhettoDogAllStars View Post
Bush has exploited this country and its people to the fullest. He's reckless and ignorant -- a dangerous combination. Homeland Security is the biggest waste of tax dollars I have ever seen. Those of you who think Bush is not to blame for our current situation are just fooling yourselves. Bush is responsible for damn near every problem we face today. It will be such a relief to have him out of office. It still blows my mind that people elected him into office twice. Fools.
IMO here are the biggest problems we face today:

1) Dependency on foreign oil

2) Threat of terrorist strikes

3) Overspending by government (pork, unnecessary regulation & programs)

4) Social programs (SS & Welfare) that will either bankrupt the government or go bankrupt themselves unless real solutions are implemented.

There are many more, but these are the first major ones that come to mind. How is President Bush responsible for these problems? Has he contributed to some, certainly, but there is a Congress. Bush is not a monarch. Don't we as the people that elect Congress and the President bear some of the responsibility as well?
__________________
"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
Slingin Sammy 33 is offline   Reply With Quote
Old 07-28-2008, 11:04 PM   #7
Playmaker
 
70Chip's Avatar
 
Join Date: Jan 2006
Location: Manassas
Age: 44
Posts: 3,048
Re: Bush administration projects record 2009 deficit

The fault is not in the stars but in ourselves. We don't care about fiscal responsibilty so of course our representatives dont either.

Cassius:
"The fault, dear Brutus, is not in our stars,
But in ourselves, that we are underlings."
__________________
This Monkey's Gone to Heaven

Last edited by 70Chip; 07-28-2008 at 11:10 PM.
70Chip is offline   Reply With Quote
Old 07-28-2008, 11:20 PM   #8
Living Legend
 
GTripp0012's Avatar
 
Join Date: Mar 2006
Location: Evanston, IL
Age: 27
Posts: 15,994
Re: Bush administration projects record 2009 deficit

At some point in Bush's first term, they just decided that a balanced budget isn't all that important. I totally disagree with that, but this wasn't a case of presidential incompetence, just that no one bothered to even attempt to balance expenses with revenue (a conscience decision).

If this debt never really comes back to bite us, we can say that congress and the Bush Administration were right on this one. But, I'm pretty sure it will bite us in the balls sooner or later.
__________________
according to a source with knowledge of the situation.
GTripp0012 is offline   Reply With Quote
Old 07-28-2008, 11:28 PM   #9
Registered User
 
The Goat's Avatar
 
Join Date: Jan 2008
Posts: 5,662
Re: Bush administration projects record 2009 deficit

Sort of coincidental really. A thread started earlier had a link singing the praises of the voodoo theory of supply-side economics. Any honest person who pays attention to public policy knows that since supply-side was adopted by the conservative movement this country has been heaped w/ $10 trillion in debt (was about $1 trillion prior to supply-side). Yet, there's still a large, and somehow growing cohort of Americans, who promote tax cuts for the rich, very rich and unfathomably rich. Then when a report of even bigger deficits is released most people scratch their head and point to programs like Social Security and Medicare, which are separate from the regular budget and funded by the middle class for the middle class (at different stages of life albeit).

Doesn't make a lot of sense. But it does say something about where we're headed.

In other news our lousy neighbors to the north are set to be completely debt-free by I believe 2014. Debt reduction was written in to Canada's federal law last year. Bastards!
The Goat is offline   Reply With Quote
Old 07-28-2008, 11:59 PM   #10
Playmaker
 
GhettoDogAllStars's Avatar
 
Join Date: Aug 2006
Location: Denver
Age: 33
Posts: 2,761
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by Slingin Sammy 33 View Post
IMO here are the biggest problems we face today:

1) Dependency on foreign oil

2) Threat of terrorist strikes

3) Overspending by government (pork, unnecessary regulation & programs)

4) Social programs (SS & Welfare) that will either bankrupt the government or go bankrupt themselves unless real solutions are implemented.
I wouldn't say the threat of terrorist strikes is one of our biggest problems. However, it is made to look like our biggest problem, so that the powers can control the people through fear.

So, that would leave:

1.) Foreign Oil
-- The price of oil has risen more dramatically during Bush's term than at any other time in history. Demand is through the roof. I would guess a lot of the demand for oil is coming from our government and their operations in Iraq. The Bush administration lied about Iraq. That one's on them -- not the American public. While Bush isn't responsible for all of the increased demand, he's certainly responsible for a large part of it, and he's not doing anything to help the situation. He's only made it worse.

2.) Government Overspending
-- From the article:
"House Budget Committee Chairman John Spratt, D-S.C., said the new deficit figure confirms 'the dismal legacy of the Bush administration: under its policies, the largest surpluses in history have been converted into the largest deficits in history.'"

This administration spent $482 Billion (with a 'B') over the budget -- in one year! Never has this country overspent so much -- never. The previous record of $413 Billion was also set by Bush, in 2004.

It's hard to imagine how anyone could excuse Bush for that.

3.) Social Programs
-- I wouldn't just say social programs are one of our biggest problems. It's too general. Social programs can be great, and it's a shame that most of America's social programs are worthless. This is definitely not Bush's fault, but this problem pales in comparison to the previous two.

Quote:
Originally Posted by Slingin Sammy 33 View Post
There are many more, but these are the first major ones that come to mind. How is President Bush responsible for these problems? Has he contributed to some, certainly, but there is a Congress. Bush is not a monarch. Don't we as the people that elect Congress and the President bear some of the responsibility as well?
I agree that the public is ultimately responsible. However, our government doesn't work the way it is supposed to, and what we are left with is what I like to call a "Virtual Monarchy". The people who make most of the important executive decisions -- the Presidential Cabinet -- are appointed, not elected. In addition, for any citizen to truly do their duty as a participant in the democracy, they would have to spend all of their time doing it. There is far too much going on in government every day.
__________________
To succeed in the world it is not enough to be stupid, you must also be well-mannered.
GhettoDogAllStars is offline   Reply With Quote
Old 07-29-2008, 10:06 AM   #11
Playmaker
 
GhettoDogAllStars's Avatar
 
Join Date: Aug 2006
Location: Denver
Age: 33
Posts: 2,761
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by firstdown View Post
I have conceed that its both parties and everyone in DC which has grown goverment way past what it should have ever been. But if you want to play the blame game then OK. 2007 def was 170 bil this year 468 (something like that) and who controls spending now? If we look at when gas started shooting up in price, housing going to sh!t, economy, it was after the dems took control of congress. They also voted on all these spending bills which have us at such a deficit. Do I believe they are to blame for all of this? No, but I'm using your blame game. Maybe the dems are willing to let all of this happen so they can use it to win an election.
Well, I guess your reasoning doesn't work very well, considering that Republicans controlled both the Senate and the House (as well as the Presidency) during 2004 -- the worst budget deficit since 2008.

Republicans controlled the Senate and House from 2003 to 2007. When exactly do you think the housing market and gas prices started going to shit? Dems have had control for one year, the previous 4 years controlled by Republicans, and you want to blame the Dems? LOL.

For the record, I consider myself a Republican. However, I'm not partisan, and I blame those who I think are responsible -- regardless of political affiliation.
__________________
To succeed in the world it is not enough to be stupid, you must also be well-mannered.
GhettoDogAllStars is offline   Reply With Quote
Old 07-29-2008, 10:26 AM   #12
Living Legend
 
That Guy's Avatar
 
Join Date: Jun 2004
Location: Springfield, VA
Age: 32
Posts: 16,628
Re: Bush administration projects record 2009 deficit

as a % it's not the biggest, but that is a pretty big number.

that doesn't even account for the 35 TRILLION in unfunded obligations to medicare...
washingtonpost.com
__________________
Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!
That Guy is offline   Reply With Quote
Old 07-29-2008, 10:28 AM   #13
Quietly Dominating the East
 
Hog1's Avatar
 
Join Date: Mar 2005
Location: Naples, Florida
Posts: 10,017
Re: Bush administration projects record 2009 deficit

I no longer am naive enough to believe that any politician or group of them has as an agenda, a genuine desire, and feasible plan to accomplish the general reduction of a govt (and the attendant waste) that is becoming more and more disfunctional, and an ever growing burden to the citizenry of the US.
TOOO much money involved, crossing too many hands.
I will vote, and I have been more personally involved than ever before in calling my elected officials, etc.
HOWEVER, I think the saddest testmonial of all is that, in the most powerful country on earth, that Obama, and Mccain are the best we can field?????
__________________
Goodbye Sean..........Vaya Con Dios
thankyou Joe.......
“God made certain people to play football. He was one of them.” – Joe Gibbs
Hog1 is online now   Reply With Quote
Old 07-29-2008, 10:35 AM   #14
Living Legend
 
Monkeydad's Avatar
 
Join Date: Mar 2006
Location: PA
Age: 36
Posts: 16,270
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by Mattyk72 View Post
WASHINGTON (AP) — The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday.

More...
A Democrat-controlled Congress will do that.
__________________
Not sent from a Droid, iPhone, Blackberry or toaster
Monkeydad is offline   Reply With Quote
Old 07-29-2008, 11:30 AM   #15
Playmaker
 
Slingin Sammy 33's Avatar
 
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
Re: Bush administration projects record 2009 deficit

Quote:
Originally Posted by GhettoDogAllStars View Post
I wouldn't say the threat of terrorist strikes is one of our biggest problems. However, it is made to look like our biggest problem, so that the powers can control the people through fear.
Terrorist strikes are and will continue to be a major threat for the forseeable future as long as fundamental Islamists are teaching that the U.S. is the "great Satan" and openly declare jihad against us. I guess 9/11, the first WTC attack, the USS Cole, Khobar (sp.) Towers, numerous attacks against U.S. embassies are just "made to look like problems". Let's not forget the subway attacks in England or the train attacks in Spain, all very real. When we take the view that these attacks are not a threat and ignore the problem it only grows worse.

Quote:
1.) Foreign Oil
-- The price of oil has risen more dramatically during Bush's term than at any other time in history. Demand is through the roof. I would guess a lot of the demand for oil is coming from our government and their operations in Iraq. The Bush administration lied about Iraq. That one's on them -- not the American public. While Bush isn't responsible for all of the increased demand, he's certainly responsible for a large part of it, and he's not doing anything to help the situation. He's only made it worse.
Bush got bad intel due to our Human Intelligence network being dismantled by the Clinton Admin (not to say he still wouldn't have made poor decisions with better intel) and made some strategically poor decisions in the execution of the Iraq War. However if he lied, so did a majority of the Congress and several leading Democrats.

This rise is similar to the spike during the Carter Administration. Many factors go into the oil price, the actual use of oil by the U.S. military is not even on the radar as a major factor. The major factors spiking the oil price are increased demand from China, India and other developing countries (I believe U.S. demand has gone down slightly or remained constant over the last year or so) and unrest/instability to the oil supply, Iran/Israel potential war, Venezula - Chavez, political instability in Nigeria. The U.S. involvement in Iraq has been a constant since 2003.

Our problem with the dependency on foreign oil is still the same, spike or not in oil prices. Congress hasn't approved (Repub or Dem controlled) drilling in key areas where we know there are vast reserves, new refineries, new nuclear power plants, greater research into new power sources other than combustible engines. This should've been addressed aggressively after the spike in oil prices and the Mid-East turmoil in the Carter years and hasn't been.

Decreasing dependence on foreign oil will also greatly reduce the U.S. dollars from funding many governments hostile to the U.S.

Quote:
2.) Government Overspending
-- From the article:
"House Budget Committee Chairman John Spratt, D-S.C., said the new deficit figure confirms 'the dismal legacy of the Bush administration: under its policies, the largest surpluses in history have been converted into the largest deficits in history.'"

This administration spent $482 Billion (with a 'B') over the budget -- in one year! Never has this country overspent so much -- never. The previous record of $413 Billion was also set by Bush, in 2004.

It's hard to imagine how anyone could excuse Bush for that.
Nothing like using a quote from a Democrat to state a case against Bush....Pretty hypocritical of the Chariman of the House Budget Committee to blast Bush for the budget deficits. His committee forwards the final House version of the approved budget to the House floor for a vote. The CONGRESS must pass the budget, they have the ultimate control on the Gov't purse-strings. For him to blast Bush on this is ridiculous, it's like two guys robbing a bank, getting caught, and the gunman who went into the bank puts all the blame on the getaway driver. They are both very responsible.

Quote:
3.) Social Programs
-- I wouldn't just say social programs are one of our biggest problems. It's too general. Social programs can be great, and it's a shame that most of America's social programs are worthless. This is definitely not Bush's fault, but this problem pales in comparison to the previous two.
Social Security, Medicare & Medicaid are the biggest expenditures of the Federal government each year (close to 50%). By no means are these problems that pale in comparison to the other two. The solutions will take some work, but we've got to take action now and not push this off on future generations.

Quote:
I agree that the public is ultimately responsible. However, our government doesn't work the way it is supposed to, and what we are left with is what I like to call a "Virtual Monarchy". The people who make most of the important executive decisions -- the Presidential Cabinet -- are appointed, not elected. In addition, for any citizen to truly do their duty as a participant in the democracy, they would have to spend all of their time doing it. There is far too much going on in government every day.
But the President that appoints the cabinet is elected, and the Congress and Judicial systems do have significant oversight of the Executive branch.
__________________
"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
Slingin Sammy 33 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 01:01 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.32970 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25