2006 Budget - $3.5 Trillion Deficit????

[Displaced Bama Fan]

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Holy cow!

http://www.worldnetdaily.com/news/ar...TICLE_ID=53366

	Quote:
	A report scheduled to be released by the Treasury Department tomorrow is expected to show the true deficit in the Bush administration's 2006 federal budget to be an astounding $3.5 trillion in the red, not $248.2 billion as previously reported.

If this is true, he and every member of Congress that voted for the budget and any special spending, should be brought up on charges of treason.

Just a side note...this is not the overall federal debt, just one year of "borrowing" to pay for all our social programs and other "crap" our government spends...like a medical center at UAB.

[Displaced Bama Fan]

Bodhi - Where are you???? Tell me this is not real. Geez, I'm about to throw up. I literally have a gnawing in my stomach as a result of this article.

[Bama Reb]

Well, you know how politicians look at spending money. "Spend a billion here, and a billion there...keep it up and before long you're talking about real money!"

[jthomas666]

	Quote:	Displaced Bama Fan
	Holy cow! http://www.worldnetdaily.com/news/ar...TICLE_ID=53366 If this is true, he and every member of Congress that voted for the budget and any special spending, should be brought up on charges of treason. Just a side note...this is not the overall federal debt, just one year of "borrowing" to pay for all our social programs and other "crap" our government spends...like a medical center at UAB.

While I have no doubt that much of the earmarked spending is crap (bridge to nowhere), I wouldn't characterize the UAB medical center as crap. You might have problems with the federal government spending the money, but the cost v benefit is fairly evident (unlike the bridge to nowhere).

Yet more evidence that we need true lobbying reform, as well as term limits in the House to prevent the true crap (bridge to nowhere) from getting thrown in with legitimate projects.

It'd also help if the president would remember that he does, in fact, have a funky stamp that reads "VETO".

[Displaced Bama Fan]

You're right...non-Constitutional spending - which the UAB medical lab/center would have been part of.

The President needs a line item veto, but this one wouldn't have used it anyway.

[NYBamaFan]

This is not new, and it was not started by Bush. Historically, deficits have been defined as spending within a given year above tax revenue for that year. They have never included the future cost of having underfunded things like SS or medicare for future needs.

A great example that we discussed was the medicare Rx plan. The future costs of that bill will exceed 10 trillion dollars, but no one thought that this was important because the bill wouldn't come due until much later. Well, it will come due some day - and the person in office when it does come due will be blamed.

We are selling our future for social programs today. End them, and our country has a chance. Continue down this road, and we are screwed.

[Displaced Bama Fan]

We're already screwed.

[Bamaro]

DBF, that link has to be wrong. Even Dubya couldn't run up a deficit that big

[NOSty]

Would ya'll prefer our government to run a surplus?

During our last surplus, did our taxes go down? Were we being attacked all over the world or the attackers?

[Bamaro]

	Quote:	NOSty
	Would ya'll prefer our government to run a surplus?

YES

[Displaced Bama Fan]

	Quote:	NOSty
	Would ya'll prefer our government to run a surplus? During our last surplus, did our taxes go down? Were we being attacked all over the world or the attackers?

If they suspended all, and I do mean all, social programs and used the surplus to retire the debt.

[Bodhisattva]

	Quote:	Displaced Bama Fan
	Bodhi - Where are you???? Tell me this is not real. Geez, I'm about to throw up. I literally have a gnawing in my stomach as a result of this article.

I'm not sure if the specific deficit amount is correct, but NYBF's definition of how the government plays fast and loose with the numbers is right. It's a shell game. Spend like crazy today because the bill is not due until tomorrow. Come up with populist programs that people think they want; let our children's generation deal with the debt collector.

The government can shackle business with horrible legislation like Sarbannes-Oxley, which costs many times more than any derived benefit. Does the government have to adhere to its own rules? No. Does the government have to adhere to market-created accounting and finance standards? No. Government is incompetent, corrupt, hypocritical and expensive.

We are on a ship where the captain (President), the crew (Congress), and most of the passengers (citizens) are retarded when it comes to basic economic knowledge. The few that get it are doomed to suffer from a Cassandra complex.

[NOSty]

	Quote:	Bamaro
	YES

If you don't mind the gov't taking more than they need, there is a spot on the tax return to donate to the cause. Are you doing it?