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Federal Tax Receipts Plunge 31%

Discussion in 'Political Discussion' started by NEPatriot, Jul 16, 2009.

  1. NEPatriot

    NEPatriot Banned

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    http://fms.treas.gov/mts/mts0609.txt

    Obama spends more money than he gets in. :singing::singing::singing::singing:
    Last edited: Jul 16, 2009
  2. NEPatriot

    NEPatriot Banned

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    Re: Another bailed out bank goes down

    The Associated Press: Consumer prices jump, industrial production falls

    washingtonpost.com

    Last edited: Jul 16, 2009
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    This will serve to make the project deficit far higher than projected by the hapless administration 'experts'. Combined with the inflation that is percolating, the recipe for stagflation negative growth combined with inflation and deficts.

    This doesn't even factor in the carbon tax, the tax increase when the Bush tax cuts expire and the cost of national health care. Don't forget the cost associated with our high unemployment and the increase cost of servicing debt due to the rising interest rates.

    These guys are truly inept.
  4. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Remember the complaints by Republicans that Obama wasn't projecting enough optimism? Now they're complaining he projected too much optimism! It goes to show that projections by any administration primarily serve to garner support for their agendas. The goal of a political leader is to get his program passed believing that it's the programs that rights the wrongs (economic, social, etc.), not the individual pieces of the program. Obama, like his most successful predecessors, is moving quickly while his political capital is still high, and like his predecessors he's presently his programs in the rosiest light. Reagan never once promised that his massive deficit would help our economy, but instead talked only about his tax cuts.
  5. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

  6. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    I don't remember comments about optimism. I do remember many comments that his policies would not worked since this sort of policy never works and that the results would be what we are seeing now.


    I predicted a deficit over 2T this year when the stimulus was announced. I stand by that prediction.

    Would you like us to pray for a miracle? Oh wait you're an atheist. :D
  7. NEPatriot

    NEPatriot Banned

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    CBO says costs will rise as healthcare expanded | Politics | Reuters

    What do Democrats say?
    Get it done and worry about the cost later. It's Democrats' moto. Is it nice????
  8. scott c

    scott c Rookie

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    Unemployments high....the recession.....what a shock tax revenue is down.......do you ever think before you post?
  9. patsfan13

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    Problem isn't NEP here the problem is that the administration didn't think before porkulus was passed. They predicted 4% Gdp growth in Q4....:rolleyes:
  10. efin98

    efin98 Rookie

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    They won't see that until next year though at the earliest so that part could still come true :rolleyes:
  11. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    I'm betting it nev er happens the debt and spending will choke off any recovery, where is the free capital for investment with all borrowing the government is doing?

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