OBAMA: 3.5 TRILLION DOLLARS DEFICIT in the NEXT 3 YEARS - New England Patriots Forums

***NEPatriot*** · 12-26-2009, 10:46 AM

tg347: Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association

Quote:

Given the cumulative deficit over the next three fiscal years of nearly $3.5 trillion according to OMB, Director Ramanathan stated that Treasury will need to remain extremely agile through its debt management approach and actions to confront challenges related to the fiscal and economic outlook.

Obama doesn't do anything to control our deficit. It's going up.

***IcyPatriot*** · 12-26-2009, 11:32 AM

It's what It's

***Patters*** · 12-26-2009, 11:35 AM

Quote:

Originally Posted by NEPatriot

tg347: Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association

Obama doesn't do anything to control our deficit. It's going up.

That's for sure.If you're not a risk taker willing to bet that our economic growth will sooner or later cover this deficit, his policies certainly must sound scary.

***NEPatriot*** · 12-26-2009, 11:52 AM

Quote:

Originally Posted by Patters

That's for sure.If you're not a risk taker willing to bet that our economic growth will sooner or later cover this deficit, his policies certainly must sound scary.

Was it risky to vote for Obama? It was not because you BANKED everybody's future on him.

***Patters*** · 12-26-2009, 11:57 AM

Quote:

Originally Posted by NEPatriot

Was it risky to vote for Obama? It was not because you BANKED everybody's future on him.

That's sort of what people do when they vote. So far, in my lifetime, the only bad bets were Carter and Bush II at least from an economic point of view, and both them were quite conservative. In fact Carter's big "accomplishment" was to deregulate the trucking industry, one the things that I think drove Harry Boy away from the Democrats.