Friday, March 20, 2009

U.S. Budget Deficit Forecast to Hit $1.8 Trillion This Year - First 100 Days of Presidency - Politics FOXNews.com


U.S. Budget Deficit Forecast to Hit $1.8 Trillion This Year - First 100 Days of Presidency - Politics FOXNews.com
Posted by Frank Smith at 20.3.09

18 comments:

Anonymous said...

With Preisdent Obama being in Southern California to campaign for re-election and appear on a comedy show as a guest(a privillege usually reserved for those who write diet books), Californians must have thought he was right about money falling from the skies as they found money blowing around all over the San Diego freeway today:

A group of narcotics suspects in a black truck led police on a roundabout road chase through San Diego Thursday, several times throwing money out onto roadways before finally stopping and being arrested, police said.

The pursuit began about 5 p.m. in the area of State Route 15 and Interstate 805. The fleeing driver soon exited southbound SR-15 at Ocean View Boulevard in Logan Heights and drove over various city streets before re-entering the freeway, this time heading north.

Officers chased the truck on the state route for several miles, then onto Interstate 805 through the city's central districts and into its north-coastal reaches.

In several spots -- including Serra Mesa in the area of Murray Ridge Road and Sorrento Valley near Mira Mesa Boulevard -- cash was hurled out of the truck, prompting passers-by to run onto the roadways to grab it, according to police.

March 20, 2009 at 4:51 PM
Anonymous said...

Obama has no executive skills and this is showing.....He has no clue what to do and the situation becomes more worse every day....Obama is becoming a joke with/with-out his teleprompter.

March 20, 2009 at 5:23 PM
Anonymous said...

President Barack Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates. Obama's $3.6 trillion budget for the 2010 fiscal year beginning Oct. 1 contains ambitious programs to overhaul the U.S. health care system and initiate new "cap-and-trade" rules to combat global warming.
Both initiatives involve raising federal revenues sharply higher, but those dollars wouldn't be used to defray the burgeoning deficit.

Can anyone say

TAX AND SPEND TAX AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND
Then:
TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX .............

March 20, 2009 at 5:47 PM
Anonymous said...

It's PAY to PLAY. Mr Obama, Pelosi & Reid are setting up welfare programs & union payoffs to buy votes with taxpayer dollars. They need to buy just enough votes to stay in power.

The middle class (like those here in New Britain) will pay the bill so the politically faithful like Rep. O'Brien and his welfare recipients and union slugs can live a middle class lifestyle as long as you vote for the liberal Democrat party.

March 20, 2009 at 5:50 PM
Anonymous said...

Goes to show you that someone who never ran so much as a candy store in his entire life has difficulty running the country. Who would have figured?

March 20, 2009 at 6:11 PM
Anonymous said...

It is funny watching Obama become the household joke that many of us knew he was all along. Take away that telepromter and he can't even have a normal conversation, because he can't speak without Axelrod pulling the strings. All he really is, is Axelrod's mouthpiece.

March 20, 2009 at 6:16 PM
Anonymous said...

Change we can believe in.

March 20, 2009 at 6:17 PM
Anonymous said...

TAX AND SPEND TAX AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND SPEND AND
Then:
TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX AND TAX .............

sooner or later, there is no one left to tax, so what then?

March 20, 2009 at 6:40 PM
Anonymous said...

When Government programs expand Socialism expands as well, so less Government would mean less Socialism.

Socialism in the form of Teacher Unions, College Professor’s Tenure, Public Schools, Government Run Health Care, Government Run Wall Street, Government Run Foreign Worker Programs, failure of the US Government to Secure our Borders and States not performing their US Constitutional duty to validate Citizenship when people register to vote and vote has lead to the raise of Socialism and the Fall Of The Republic.

The US Government has moved away from the US Constitution's Principals and Statures.

We The People no longer exists, we are govern by the Tyranny of the Minority and when the Obama Government gives Amnesty to 38 million illegal aliens, well the Republic and the Constitution will be a thing of the past, unless of course there is another American Revolution to restore the Republic.

March 20, 2009 at 7:20 PM
Anonymous said...

any town that could elect the likes of Sherwood, Trueworthy, Catzanro or little mac has already fallen to socialism, communism, or whatever you want to call it.

March 20, 2009 at 7:32 PM
Anonymous said...

Sara Palin is now the 7th governor to say thanks, but no thanks to Obama's FREE MONEY because of the socialist strings attached to it!

March 20, 2009 at 8:50 PM
Anonymous said...

" Anonymous said...
Goes to show you that someone who never ran so much as a candy store in his entire life has difficulty running the country. Who would have figured?"

Anonymous says...
Think about Tim O'Brien as Mayor of NB. Has he run a "candy store?" Has Sherwack or Gerratona?

March 21, 2009 at 8:18 AM
Anonymous said...

Did you ever think you would someday have a President that makes George W. Bush look like a superbrain?

March 21, 2009 at 1:36 PM
Anonymous said...

What would you say if Congress was about to pass just ONE LAW that would PERMANENTLY force YOU to fund the radical left-wing Obama-Pelosi agenda?

"For more than 60 years, American workers have decided whether to form a union with a private vote... neither management nor union organizers know how each individual worker voted. The secret ballot lets workers vote their conscience without risking job loss or physical assault for making the 'wrong' choice... . The EFCA would make it easier for union officials to pressure workers. Under the card-check process, union organizers would publicly solicit signatures on union authorization cards... Without secret ballots, union organizers know exactly who has signed union cards and who has not. In the past, union organizers have repeatedly approached and pressured-and, in some cases, threatened-reluctant workers. They have also used pro-union co-workers to solicit signatures, putting peer pressure on 'holdouts' to change their minds."

"Under Card Check, union organizers and their enforcers will be able to go into any small business, hospital or construction site and coerce workers into signing cards. If they get 50 percent plus one, the deal's done, and the workers are forced into a union. And if management and the new union fail to reach a negotiated contract, the federal government will just impose one. Coerced unionization allows for what is effectively a new, unaccountable form of forced taxation. Workers will have a portion of their paycheck going to the union to be spent as the bosses see fit, including political donations to parties and candidates that the workers may not even support.

Let's put that in more personal terms.

Let's say that union organizers come into YOUR workplace and through coercion or peer-pressure - or even physical intimidation - "convince" a simple majority of your co-workers to form a union.

At that point you only have two choices. You either join the union or face job termination. You can't opt-out!

And once you "join" the union, you are FORCED to pay union dues. Again, you cannot opt-out. You have no choice in the matter, and the union dues will come directly out of each and every paycheck you receive!

Not only will you have no choice but to have those union dues taken out of your paycheck every week, you will have little or no say in how those dues are spent!

How your hard-earned money gets spent will be up to the whims of union bosses. And make no mistake, your hard-earned money - this new-found windfall that the union will ration from your paychecks - will go, in large part, to fund advocacy for the very left-wing causes that you find repugnant.

But that's not all. When the union tells you to strike... you strike... no unemployment benefits... just a meager strike fund that does not even come close to paying the bills...

... during such a strike, you can't go to work until a union boss tells you it is okay - NO IFS, ANDS OR BUTS!

Perhaps that's why, according to polls cited by Gingrich, "77 percent of Republicans, 82 percent of Democrats and 79 percent of independents" oppose doing away with the secret balloting provisions that "Card Check" would ERADICATE!

But it gets worse. If the union bosses and the company management can't reach an agreement about your job, then bureaucrats in the Obama Administration would then FORCE an agreement on both parties.

In other words, government bureaucrats would be empowered to determine all aspects of your job - even down to the compensation you make, regardless of any agreement you and your employer come to.

"Section 3 of EFCA gives government officials the power to impose contracts on workers and firms. Government bureaucrats would set compensation and make most major business decisions at newly unionized companies. The bureaucrats writing these proposals would have no expertise in the company's operations or business model and would be unaccountable if their decisions drove the company into bankruptcy. Workers would lose all say over working conditions. EFCA would effectively create government-run workplaces."

To put it another way - and let's speak plainly here - if your boss doesn't knuckle-under to union demands, then some Obama appointee will simply step in and FORCE the union demands onto your employer!

That's essentially FASCISM!

March 21, 2009 at 2:16 PM
Anonymous said...

Fox News had an expert in Islamic culture on the show last night and she said this video amounts to the United States surrendering to the Mullahs.

She went on to say that their culture believes that you only negotiate over terms of surrender, and Obama's offer to negotiate will be taken as our surrendering to them, and that they only respect very masculine, forceful men, and that Obama's message will be taken as weekness on the part of the U.S., especially because of his wishy washy tone used in the video.

March 21, 2009 at 3:30 PM
Anonymous said...

www.baltimoresun.com/news/local/baltimore_city/bal-md.ci.tow21mar21,0,6300949.story
baltimoresun.com
City tows Secret Service van for violations
Vehicle on Jenna Bush detail had tickets
By Annie Linskey | annie.linskey@baltsun.com
March 21, 2009

Baltimore transportation officials towed a Secret Service van connected with former first daughter Jenna Bush's security detail yesterday, according to city and federal officials.

Adrienne Barnes, a spokeswoman for the city's Department of Transportation, said that the van was towed from a South Baltimore neighborhood for a "nonmoving violation." The vehicle had accumulated six tickets, officials said, but the total fines and specific violations were not immediately available. A second Secret Service vehicle was also ticketed, Barnes said.

Secret Service spokesman Ed Donovan confirmed that one vehicle was towed and said the federal agency is paying the tickets. The van is used by her agents, and does not transport Bush, he said.

Barnes said that the agent in charge of a regional Secret Service office paid the fines and picked up the van from a Pulaski Highway impound lot yesterday afternoon.

Children of former presidents receive protection until age 16, according to the Secret Service's Web site. It was not immediately clear why Bush, 27, is still entitled to that security.

A neighbor recalled seeing a boot on the vehicle yesterday. It had been parked outside the former first daughter's house for months. "It just sits there," said the neighbor, who asked to remain anonymous. "These are in spots that are designated for the Secret Service cars. These were taken away from general public's parking. Only their cars are parked there."

The neighbor was amused yesterday when a sign appeared on the van's window indicating that the vehicle would be towed. "I've just got to laugh," the neighbor said. "They can keep an eye on her, but not their own vehicles."

Bush and her husband, Henry Hager, bought a two-story rowhouse in South Baltimore in April, a month before the two were married. They moved to the city when Hager accepted a job with Constellation Energy.

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March 21, 2009 at 5:13 PM
Anonymous said...

does anyone else, besides Obama, think that this is the right time to increase annual spending by over $2 trillion dollars?

I know it's like toilet paper, we can just print more!

March 22, 2009 at 2:03 PM
Anonymous said...

GOP Sees Obama's Budget As A Disaster
GOP Sees Obama's Budget As A Disaster
By Philip Elliott


Published on 3/23/2009 in Home »Nation, World »National News
Washington - Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.
But a White House adviser dismissed the negative assessments, saying she is “incredibly confident” that the president's policies will “do the job” for the economy.

In a TV interview, Obama himself laughed when discussing the dire state of parts of the economy - and ascribed his laughter to “gallows humor.”

White House Council of Economic Advisers chairwoman Christina Romer insisted that the nation's flailing economy will be rebounding by 2010.

Administration officials - and the president himself - have taken a cheerier tone despite economic indicators that are anything but positive.

”I have every expectation, as do private forecasters, that we will bottom out this year and actually be growing again by the end of the year,” Romer said.

The president, in an interview that aired Sunday on CBS News' “60 Minutes,” talked about the need to spend taxpayer money to save financial firms and the auto industry.

”I just want to say that the only thing less popular than putting money into banks is putting money into the auto industry,” Obama said with a laugh.

Interviewer Steve Kroft asked how that laughter might be perceived, given the economy's troubles.

”There's got to be a little gallows humor to get you through the day,” Obama said. “If you had said to us a year ago that the least of my problems would be Iraq, which is still a pretty serious problem, I don't think anybody would have believed it.”

Republicans say Obama's budget is no laughing matter.

Senate Republicans predicted $20 trillion annual deficits and a weakened dollar if Obama and his Democratic allies get their proposed $3.6 trillion budget plan passed.

”The practical implications of this is bankruptcy for the United States,” said Sen. Judd Gregg, R-N.H. “There's no other way around it. If we maintain the proposals which are in this budget over the 10-year period that this budget covers, this country will go bankrupt. People will not buy our debt; our dollar will become devalued.”

Sen. Susan Collins, a Maine Republican who sided with Obama on his $787 billion economic stimulus plan, said she couldn't support the White House plan this time.

”It would double the public debt in five years, triple it in 10 years. ... That is not sustainable. It poses a threat to the basic health of our economy,” Collins said.

Sen. Richard Shelby of Alabama, the top Republican on the banking committee, said Obama would have to scale back his budget, given a Congressional Budget Office report Friday that the president's plan would produce $9.3 trillion in deficits over the next decade - more than four times the deficits of Republican George W. Bush's presidency.

Shelby predicted that number could reach $20 trillion in coming years as Obama guides the country to “the fast road to financial destruction.”

The CBO predicted a deficit of $2.3 trillion worse than what the administration projected. Romer downplayed those numbers.

”There is a question whether CBO is right. So we know that forecasts - both of what the economy is going to do and of what the budget deficits are going to do - are highly uncertain,” she said.

Asked the level of her confidence in an improving economy, Romer was concise: “Incredibly confident. ... We absolutely think that they are going to do the job for the American economy.”

Vice President Joe Biden's economic adviser said the administration was open to negotiate with lawmakers. “We don't expect these folks to sign on the dotted line,” Jared Bernstein said.

However, he added, “What we do expect and what we are going to stand very firm on, because this president, this vice president have made this clear, that there are these priorities that brought them to the dance here: energy reform, health care reform, education, all done in the context of a budget that cuts the deficit in half over our first term.”


Regional

March 23, 2009 at 8:02 AM

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