Holy Diver

Interesting quote from the comptroller.


http://www.rawstory.com/news/2007/Go...g_or_0115.html

"The picture I will lay out for you today is not a pretty one and it’s getting worse with the passage of time," said David M. Walker, Comptroller General of the United States, in a Thursday morning hearing of the Senate's Budget Committee. "Continuing on our current fiscal path would gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately even our domestic tranquility and our national security," he warned.

Harry Boy

If Bush causes the Taxes to go up he won't grt any trouble from the democrats, raising taxes is right up their alley.

Bush has really lost it if he does anything to cause higher taxes, the Democrats will LOVE it but they will blame him

Is Bush turning into a Democrat, here are the two big things that make Bush look like "Jimmy Carter"

1--Slobbering, Gushing and Fawning all over the Criminal Illegal Alien.

2--Now he is going to cause Taxes to go up.

This could cause Aunt Nancy to "Have Sex With The President" she might even try talking him into running for a third term.

__________________
Harry Boy (Genius)

In The Absence Of Law And Order Society Will Surely Destroy Itself

Holy Diver

Ha!.....I'm predicting a third term. He'll claim wartime powers.

Pujo

Bush prefers the even uglier alternative to raising taxes: increasing debt.

BelichickFan

Tax receipts, not tax rates. Growing the economy and slowing spending rates would get it done without a disaster. The biggest problems are social security and, especially, medicare. We need to encourage people to save for retirement so that we can reduce the growth of these items.

Pujo

Don't forget mounting debt to offset that modest growth.

BelichickFan

Not sure what you're saying there. As a Republican, though, I don't disagree with the problem although I have a problem with the BS jab at Bush. Although he has exacerbated the problem, it wouldn't have been that much better had he never been elected.

Pujo

Are you kidding? How much money has the war in Iraq cost, again? No doubt a Democratic admin would be spending left and right, but they'd be hard-pressed to spend the kind of money Bush has in Iraq.

And besides, if it were Dems squandering money I'd be blasting them, too, I don't like others spending my money.

Real World

Hey, Bush has spent money like a liberal could never dream. EVERY administration wastes money, and NONE ever cut government, they only increase it. What Bush has done is mind boggling. He's the anti fiscal-conservative. Seriously, it's laughable when people call this guy a conservative in the common sense. He's a religious loon maybe, but not a conservative. Anyhow, how's this guy come to his conclusions? I thought I read an article that talked about us being balanced, annually that is, by 2010 or 2012? I know tax receipts are coming in higher than expected. Where's he come in with 2040? Now, I'm not trying to dispute his assessments, I'm merely curious as to how he came up with his figures. I'm a HUGE proponent of smaller, more fiscally sane government. I think most in here know that. Remember people, we're at close to $9 Trillion in national debt. As Austin Powers would say:

Ouch baby, very ouch!

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

BelichickFan

The war is expensive but :

1) Although it's cost a lot, it's cost is overstated as many of the costs (paying the military personnel, etc) would have been incurred in peace time too.

2) It's a (big) one time cost (plus interest). As opposed to social security and medicare which never go away and have large growth rates. Sort of like if you took $25K out of a bank account to buy a car, that's a large expense. But it's much more "expensive" to take it out of the stock market and lose all the growth the money would have earned.