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Now, for a word about the record monster Bush/Hastert/Frist deficits

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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-04-05 08:56 PM
Original message
Now, for a word about the record monster Bush/Hastert/Frist deficits
Edited on Wed May-04-05 08:58 PM by swag
These Republicans just love to throw your grandchildren's money right down the toilet. What is it with them? They are completely fiscally incontinent. Watch your wallets!

http://www.bloomberg.com/apps/news?pid=10000103&sid=aVvp7sLirKec&refer=us
. . .
The Bush administration projects the federal deficit will reach a record $427 billion dollars in the current fiscal year, which ends Sept. 30. The most recent estimate from the Congressional Budget Office is for a deficit of $394 billion. The previous record was $412 billion in fiscal 2004.

``Under existing tax rates and reasonable assumption about other spending, these projections make clear that the federal budget is on an unsustainable path,'' Greenspan said. ``Unless that trend is reversed, at some point these deficits would cause the economy to stagnate or worse.''
. . .

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NorCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-04-05 09:52 PM
Response to Original message
1. That Chart...
is depressing to look at. Thank god I'm only 24 and can work the rest of my life to pay off the bills for an 8 year f**kup. Oh well, I guess we're going down soon anyway, might as well be in flames (started with ridiculously expensive gasoline in the face of record profits for Exxon-Mobil and the like). USA! USA! USA!
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Straight Shooter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-04-05 10:07 PM
Response to Original message
2. "Fiscally incontinent."
Brilliant sound bite.

:thumbsup:
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Starfury Donating Member (615 posts) Send PM | Profile | Ignore Wed May-04-05 10:14 PM
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3. Unfortunately, those numbers are actually optimistic....
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