Barack Obama's Stimulus Plan Creates 'Trillion Dollar Deficits for Years to Come'

It's so funny to listen to Republicans who overnight have become the party of lowering deficits. Where were you for the past eight years?! These are the same Republicans who financed two wars and a tax cut to the filthy rich through deficit spending. China and Dubai now own us thanks to you. You have ZERO credibility.

So WHAT, exactly, would anyone PREFER??! People starving in the streets??!

Foolish folk have preferred to simply IGNORE larger realities, and specifically the exhaustion of "our" OIL endowment, 70% of which is now USED UP already, with the REMAINDER in low-capacity stripper wells, under water, way DEEP, or somewhere north of the Arctic Circle --- so that it is very EXPENSIVE to "produce". And THEN some silly fools thought they could get away with STEALING the "easier" stuff from OTHER people over in IRAQ --- which has certainly proved to very UN"economical".

The supposedly superior "free market" mythology has NOT successfully spontaneously motivated the innovation needed to actually ignite a "green-collar economic revolution" of the sort that would have been needed for this country to have AVOIDED falling into the hole it has now dug for itself (and has BEEN so doing for a very long time now already), or to climb back up out of same now that it has disappeared down into it.

So now "we" must hurry up and do the things THE HARD WAY that we long SHOULD have been doing. But "we" preferred to cling instead to "making money" (much of which, not having actually been real in the first place, has now largely evaporated) --- by SQUANDERING our FINITE real resources for as long as possible! Brilliant, people.

Well face reality. It is now time to pay the piper.

Nice spin Mark. 700 billion requested by Bush (remember him?) and passed by congress with support by both democrats and republicans. Don't forget Bush effectively buying AIG on the taxpayer's behalf. And Bush forwarding 15 billion to the auto companies in spite on Congress not passing it. I have no problem with deficits provided that there is something to show for it. Do I think 2.4 trillion was worth elections in Iraq and failure in Afganistan? No.

Obama has made it clear that to stimulate the economy it means tax cuts and spending. That means increasing the deficit. The money has to come from somewhere. When good times return, then the government can focus more on real fiscal responsibility and not simply burning money in pet wars in the middle east.

Mark,

Your statement, "Budget deficits returned after the collapse of the dot com bubble in 2000 and the resulting mini-recession. George W. Bush inherited this recession and implemented his 2001 tax cuts to turn it around. The tax cuts worked despite a minor little event known as the September 11th attacks. The Clinton Recession of 2000 ended in November 2001 as a result of the tax cuts." doesn't really explain the whole picture, in my opinion.

Bush's tax cuts to the upper class didn't turn the recession around. Low interest rates, the encouragement after 9/11 to "spend, spend, spend" so that the terrorists would not win, and Bush's (with congressional support) idea of an ownership society and deregulation that drove housing prices sky high. It was a false recovery, based not on job creation and durable goods, but on "equity" cash outs from falsely inflated housing values.

The problems we have now with the economy started with the housing bubble, the mismanagement of tax cuts and interest rates, and an ineffectual and de-fanged SEC.

To say that Bush and the GOP in congress were "slowly wittling away" at the budget deficit is like saying I was slowly filling my swimming pool with an eye dropper.

Deficits aren't "good again" - unfortunately, they are now necessary, given general consensus that the Great Depression was longer and deeper than it should have been because of the attempt to reign in spending.

Whether you're a Republican, Democrat or Independent, here is something that should cause a lot of introspection by every voter in America.



'545 People by Charlie Reese'



Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?

You and I don't propose a federal budget. The president does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does. You and I don't set fiscal policy, Congress does. You and I don't control monetary policy, The Federal Reserve Bank does.

One hundred senators, 435 congressmen, one president and nine Supreme Court justices - 545 human beings out of the 300 million - are directly, legally, morally and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered but private central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman or a president to do one cotton-picking thing.

I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits.

The president can only propose a budget. He cannot force the Congress to accept it. The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes.

Who is the speaker of the House? She/he is the leader of the majority party. She/he and fellow House members, not the president, can approve any budget they want.

If the president vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts - of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 pe ople.

When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair. If the budget is in the red, it's because they want it in the red. If the Marines are in IRAQ, it's because they want them in IRAQ.

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.

Above all, do not let them con you into the belief that there exists disembodied mystical forces like 'the economy,' 'inflation' or 'politics' that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses - provided the voters have the gumption to manage their own employees.

We should vote all of them out of office and clean up their mess!

And keep in mind this Congress only worked 93 days last year! The shortest season in history and at a time when we are at war and the economy is tumbling!

"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

Winston Churchill

Uncovered Photos of Obama's Secret Seventies Disco Funk Past

I AM SHOCKED!!!!!!!!!!!

www.dailysquib.co.uk/?c=122&a=1613

Lizzie, you can say that again!!!!!!!!!!!!!!!!!!!11

I'm sick and tired of hearing how BARACK OBAMA is America's first African-American President. Does anyone else think it's crazy. He's America's first BI-RACIAL President, his African-American heritage is limited to the SPERM his father donated to his mother. He was raised by ANGLO-AMERICAN mother and grand-parents, in non BLACK neighborhoods, and I'm sure for most of his formative years hung out with other Anglo-American children. SO QUIT TRYING TO FORCE FEED ME THE AFRICAN-AMERICAN GARBAGE AND TELL ME ITS PASTRY.