hypocritexposer said:Even with the media focusing on the $17 billion in cuts instead of the bigger picture, most Americans aren't aware of what these "wasteful spending and unnecessary programs" Obama is claiming as budget cuts include:
– Nixing aid to states to pay for jailing illegal immigrants.
– Nixing abstinence only sex-education.
– Cutting in half a benefits program for the families of slain police and safety officers.
– Eliminating new funding for advanced-generation equipment to detect nuclear weapons and radiological materials at U.S. borders and ports and around New York City.
– Canceling plans to extend the border fence along the U.S.-Mexico border beyond the 670 miles already completed or planned.
– Cutting the budget of OLMS, the federal agency that investigates financial crimes that occur when union officials steal from their union.
jcummins said:OT....care to respond?
Oldtimer said:jcummins said:OT....care to respond?
When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
I gave Bush 5 years to see if his direction would work-- it didn't- as all it did was bring on the Bush Bust- and bankrupt the country...Now I'll give Obama and the Dems the same chance to bring things around with the new direction they are putting this same money....
Remember much of the money allocated in the last appropriations was to pay for the previous administrations policy spenditures and screw ups....
At least all this isn't going to buy Halliburton a sandflea ranchette in Iraq-- and much is going back into our own country...
Oldtimer said:jcummins said:OT....care to respond?
When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
I gave Bush 5 years to see if his direction would work-- it didn't- as all it did was bring on the Bush Bust- and bankrupt the country...Now I'll give Obama and the Dems the same chance to bring things around with the new direction they are putting this same money....
Remember much of the money allocated in the last appropriations was to pay for the previous administrations policy spenditures and screw ups....
At least all this isn't going to buy Halliburton a sandflea ranchette in Iraq-- and much is going back into our own country...
TexasBred said:Oldtimer said:jcummins said:OT....care to respond?
When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
I gave Bush 5 years to see if his direction would work-- it didn't- as all it did was bring on the Bush Bust- and bankrupt the country...Now I'll give Obama and the Dems the same chance to bring things around with the new direction they are putting this same money....
Remember much of the money allocated in the last appropriations was to pay for the previous administrations policy spenditures and screw ups....
At least all this isn't going to buy Halliburton a sandflea ranchette in Iraq-- and much is going back into our own country...
How many years did it take the new sheriff in town to clean up the mess you left OT??
Oldtimer said:When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
...
Mike said:Oldtimer said:jcummins said:OT....care to respond?
When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
I gave Bush 5 years to see if his direction would work-- it didn't- as all it did was bring on the Bush Bust- and bankrupt the country...Now I'll give Obama and the Dems the same chance to bring things around with the new direction they are putting this same money....
Remember much of the money allocated in the last appropriations was to pay for the previous administrations policy spenditures and screw ups....
At least all this isn't going to buy Halliburton a sandflea ranchette in Iraq-- and much is going back into our own country...
Go spew your lies to some 5 or 6 year that will believe it.. :lol:
With a deficit 4 TIMES what it was last year, you can say the words
"drunken sailor" with a straight face? :roll:
reader (the Second) said:TexasBred said:Oldtimer said:When your hero Bush- backslapped by a Republican controlled Congress- went on their drunken sailor spending spree--nobody said anything...Most chastised me for even questioning it....
I gave Bush 5 years to see if his direction would work-- it didn't- as all it did was bring on the Bush Bust- and bankrupt the country...Now I'll give Obama and the Dems the same chance to bring things around with the new direction they are putting this same money....
Remember much of the money allocated in the last appropriations was to pay for the previous administrations policy spenditures and screw ups....
At least all this isn't going to buy Halliburton a sandflea ranchette in Iraq-- and much is going back into our own country...
How many years did it take the new sheriff in town to clean up the mess you left OT??
Since when did you become a hopalong clone stalking OT?!
Oldtimer said:You have to remember Bush/Clinton/Repub controlled Congress took several years to run this country into the ruin its in- it isn't going to get fixed overnite--- but I'm not dumb enough to bank my money or future with those that stuck us here to fix it...... :shock:
We'll give the other guys their shot at it....
OK-- so remind me again how well we fared under GW's and the Republicans at the reins economic policies
President Barack Obama’s stimulus program could boomerang and destabilize on US-economy. No one is asking who will purchase the remaining $1 trillion of US Treasuries to be auctioned by September. Once that colossal amount of paper is bought, who will purchase another $5-trillion of Treasury paper over the next four years, as the US-government plunges deeper into insolvency? The Federal Reserve would be forced to print (monetize) vast quantities of US dollars to pay the principal and interest on the national debt that is not covered by tax revenue.
The United States has become dangerously dependent upon the whims of foreign investors, to help finance its massive budget deficits, and prevent a surge in long-term interest rates, which would have a devastating impact on the US economy. If bond or currency traders detect that big investors in US government bonds, such as China, Japan, OPEC, Russia, and Brazil, have ceased to buy US Treasury debt, or worse yet, are becoming net sellers, it could spark a sharp slide in US Treasury notes, sending yields sharply higher, and ignite a free-fall in the US dollar.
Already, the "green shoots" of future inflation are sprouting forth in the commodities market. Base metals, energy, grains, and fertilizer are charging higher, spurred along by China’s great sucking sound, as Beijing pursues a major effort to stockpile raw materials, with prices hovering near multi-year lows. Beijing is spending 4-trillion yuan on infrastructure, to bring its roads, ports, airports, power-generation capacity and other infrastructure systems up to speed.
China imported 57 tons of iron ore in April, up +33% from a year ago, setting a record for a third month. China’s State Reserves Bureau SRB may have imported 300,000 tons of refined copper in the first quarter of this year. Most base metals will experience "severe" supply constraints in coming years as a lack of investment and exploration prevents miners from meeting demand when the global economy recovers, Ernst & Young warned on May 12th. "When that happens, expect metal prices to set new record highs."