Federal Deficit

[skinnyman]

OMG the deficit grew $222.5 BILLION in Feb alone. This is freaking staggering and is the largest one-month increase in history. It's anticipated that the deficit for the year will alos be the highest on record.

http://finance.yahoo.com/news/February-federal-budget-apf-1010393433.html?x=0&sec=topStories&pos=main&asset=&ccode=

[alluprbdy]

Re: Federal Deficit

thats how we roll, borrow/borrow/borrow

[daved150]

Re: Federal Deficit

aaaaa....we can just make more money!! relax...dont freak out until we run out of trees!!! then we're fuked!!!

[Gordo]

Re: Federal Deficit

Blojama economics hard at work! I wonder how many people will honestly admit that they voted for this shit!

WALKER FOR PRESIDENT

[skinnyman]

Re: Federal Deficit

Now with this quake in japan....guess who'll provide resources to rebuild????

[daved150]

Re: Federal Deficit

Blojama economics hard at work! I wonder how many people will honestly admit that they voted for this shit!

WALKER FOR PRESIDENT

funny you mention this....i was reading something yesturday about matt damon, who ran around the world ranting and raving about this clown, is very disappointed in the job obama has done. he's not entirely sure that he'll vote for him again and he will not be campaigning for him....problem is? obama hasnt acted on his socialist agenda enough (paraphrasing obviously)

[JsJs24]

Re: Federal Deficit

OMG the deficit grew $222.5 BILLION in Feb alone. This is freaking staggering and is the largest one-month increase in history. It's anticipated that the deficit for the year will alos be the highest on record.

http://finance.yahoo.com/news/Februa...&asset=&ccode=

They always set new records for deficits. It seems they know no other way. Even the Republicans do it. As a matter of fact, every Republican since FDR has outspent the Democrats. But regardless of that, Obama has set a new precedent of spending. I honestly wonder if he is intentionally trying to destroy the dollar. That is not far fetched considering he is a socialist who hopes to one day be the head of the UN. All he has to do is destroy our dollar and then get us on a World Currency and his plan is pretty much complete. People don't consider this though because most people don't think, and trust these idiots in office that want nothing but power and money. I for one believe Ron Paul will prove correct in that the dollar will go bust in the next 5-7 years. Anyone who has a clue about monetary policy should at least consider this as highly possible.

[TheChosen1]

Re: Federal Deficit

aaaaa....we can just make more money!! relax...dont freak out until we run out of trees!!! then we're fuked!!!

Not really, we can start manufacturing money from marijuana plants. Of course, the problem then will be the druggies smoking dollar bills in the street.

Seriously though, you have to keep in mind that everytime our government put our country into a war, there will be a huge deficit. Afterall, every tank and aircraft cost millions of dollars, not to mention the fuel that they use.

[JsJs24]

Re: Federal Deficit

Not really, we can start manufacturing money from marijuana plants. Of course, the problem then will be the druggies smoking dollar bills in the street.

Seriously though, you have to keep in mind that everytime our government put our country into a war, there will be a huge deficit. Afterall, every tank and aircraft cost millions of dollars, not to mention the fuel that they use.

The spending is not merely from the wars, thought they do contribute significantly. But let's not forget TARP and the other bailouts. However, regardless of whether or not the wars are necessary and that wars always drive up budget deficits is not of importance. What is important is the fact that we have a $14 trillion dollar national debt that we are only paying the interest on. The dollar is not invincible, and in the future we may learn that the hard way. The problem could be remedied but it is hard to believe it will with the track record of politicians and their spending. All it will take is for the rest of the world to lose faith in our currency, which is already beginning to occur. Once countries like China stop buying U.S. Treasury Bonds we have no other option except to fire up the printing presses. But printing more money leads to rampant inflation. Maybe we will get out of this mess one day but I doubt it, primarily because the wars will never end unless we go broke. What will really be interesting is seeing how the government will deal with the next recession that occurs. This should come fairly soon considering the amount of money injected into the economy from government intervention. The Keynesian methods the government used in an attempt to get us out of the recession have done nothing but delay the inevitable the same way that FDR did in the 30s. This formula has been proven to be a failure time and again all over the world, Japan most notably. However, when the next recession occurs they will call it a double dip, but in reality it has been one long recession that will get worse. Right now we are seeing stagflation, though the government does their best to manipulate the numbers. High inflation with high unemployment is stagflation, and that is the case now. This is a recipe for disaster since those who are unemployed cannot afford to pay for things at pre-inflation prices, let alone post inflation. Now that oil is skyrocketing along with all other commodities businesses will start to feel the burden from reduced sales and higher materials and fuel costs. That leads to layoffs, companies moving overseas, companies going out of business, more people on unemployment, and more bailout requests. In the end, the government will have a choice to make - continue to provide bailouts and unemployment or refuse. If they do the former the deficit will grow significantly larger, which in turn causes other countries to lose confidence in the dollar.

That's my view anyway.

[trip]

Re: Federal Deficit

They always set new records for deficits. It seems they know no other way. Even the Republicans do it. As a matter of fact, every Republican since FDR has outspent the Democrats. But regardless of that, Obama has set a new precedent of spending. I honestly wonder if he is intentionally trying to destroy the dollar. That is not far fetched considering he is a socialist who hopes to one day be the head of the UN. All he has to do is destroy our dollar and then get us on a World Currency and his plan is pretty much complete. People don't consider this though because most people don't think, and trust these idiots in office that want nothing but power and money. I for one believe Ron Paul will prove correct in that the dollar will go bust in the next 5-7 years. Anyone who has a clue about monetary policy should at least consider this as highly possible.

js, as u know i've been thinking on this hard, and i hate that i have these type of thoughts, i don't think it's world currency, imho, it's electronic currency is the goal, think about it, if they can monitor everything u spend, they can tax with impunity, just go into your account and walla on your next statement, it has usa government tax, and once u have total control of where money flows, well then it's easy too shut down gun purchases etc.

i almost get this feeling it's not intentional but they are so freaking paranoid about terrorist bs, they have people who as u often say are willing to give up there freedom based on fearsssssssssss

matt damons point is well taken by many even me, it's become apparent he's running defense for wall street and large banks, if prosecution of crimes were to go forward, we'd be in 10 years of legal battles cause the banks are actually criminals in disquise, and thus you'd stall whatever economy we apparently have, so they sweep it under the rug, just like nixon which set the tone for if u have money and power u do not have to follow the law or pay for your sins

[JsJs24]

Re: Federal Deficit

Trip I believe too that they are seeking to have electronic currency. Still yet, there has to be a currency to peg others too. The UN and World Bank have expressed interest in having one world currency for all countries. This is a complicated topic. If you read through the bs you can see that they are trying to transfer the wealth from rich countries to poor countries, instead of merely from rich people of one country to the poor in that same country. This is socialism on a world-wide scale. Cap and Trade would help their plan come to be by punishing countries like ours who pollute more due to higher manufacturing, and transfer the money to the poorer countries to allow them to spend more on their economy so that they catch up with others. It is disgusting to me that we have politicians who believe in this but it is a fact. Most of the scum running our government are for this. So that's how I see it. They will get us off of cash but there will still be a currency, just not ours. Nobody likes us so they want to get us out of the superpower seat. Unfortunately for them China probably won't be on board with them, and will be the next superpower in my opinion. But I do believe this is all intentionally being done. Perhaps some of the politicians don't realize it but the ones that matter do. People like George Soros are very powerful and have an agenda. He does not hide the fact that he operates a shadow government and has plans for a one world government. He also has said that the U.S. is the only country standing in his way. But Hillary Clinton has expressed publicly that she thinks he is great and an important partner. I would imagine Obama feels the same. Soros owns almost every one of the major left wing media outlets and think tanks, and GE owns the rest, which the CEO is a large supporter of Obama. I don't mean to sound like a conspiracy nut but I don't believe it is a theory, these are facts. Our country is at serious risk for being fundamentally transformed as Obama said he would do. Meanwhile the sheeple sit back and watch it unfold, only most don't even realize it because they don't care enough to pay attention. Sports are more important to most people than the future of the country.

[trip]

Re: Federal Deficit

imho, a currency doesn't have to be pegged too anything, it just has to be decreed by law what is what

i don't see a transfer of rich to poor countries, what imho is going on, is assistance from governments to exploit the assets of poor countries, if a poor country has no natural resources they have zero too trade and no one cares about there people