Federal deficit "revised"

[winnar111]

Originally posted by: heyheybooboo

Originally posted by: winnar111
Democrats pushing for another stimulus package, GOP resisting

http://news.yahoo.com/s/ap/200..._on_go_co/stimulus_two

WASHINGTON - With the economy the No. 1 issue just eight weeks from Election Day, majority-party Democrats are trying to push a second stimulus package through Congress to follow the tax rebate checks sent out earlier this year.

So far, Republicans aren't joining the march, echoing the reservations expressed by presidential nominee John McCain and the White House.

Pressure is building for lawmakers to do something ? anything, perhaps.

Democratic leaders plan to forge ahead with a $50 billion stimulus package in the short time Congress will be in session between now and the election.

"It's about jobs. Jobs, jobs, jobs, jobs ? a four-letter word," House Speaker Nancy Pelosi said Tuesday, discussing possible contents of a stimulus package.




So which party is spending now, again?

When George Bush took office the operating surplus of the Federal Gov't was $230 billion and the increase in the Federal Debt was $17 billion that year.

This fiscal year the operating deficit of the Federal Gov't will exceed $400 billion and the increase in the Federal Debt may well exceed $700 billion.

I see your $50 billion stimulus with a $200 billion bailout of Freddie and Fannie, a Federal Reserve that now accepts credit card debt as collateral from financial institutions and the $5 trillion debt of the Bush-Republican Crime Cabal

Uh huh. What was the deficit in 2006 when Pelosi took over Congress?

 

[TheSlamma]

Originally posted by: ProfJohn
Ok... the candidates stance on the deficit.

McCain is talking about a balanced budget, he may be able to do it, but at least he is talking about it.

Obama however does not even TALK about a balanced budget. He has NO plan to balance the budget and NO plan to cut spending. All he has are plans to increase spending.

And before you give me the "Obama is going to eliminate wasteful spending" BS please remember that McCain is saying the same thing, as did Bush, Clinton, Bush, Reagan and everyone else going back to Washington.

After the last 40 years you REALLY think a republican is even capable of balancing a budget? Please tell me what this mental block this is based on?

 

[RichardE]

Originally posted by: ProfJohn
Ok... the candidates stance on the deficit.

McCain is talking about a balanced budget, he may be able to do it, but at least he is talking about it.

Obama however does not even TALK about a balanced budget. He has NO plan to balance the budget and NO plan to cut spending. All he has are plans to increase spending.

And before you give me the "Obama is going to eliminate wasteful spending" BS please remember that McCain is saying the same thing, as did Bush, Clinton, Bush, Reagan and everyone else going back to Washington.

McCains plan still adds 1 trillion more to the debt. Not sure how 1 trillion dollars addition to the debt is a balanced budget, if you could tell me I am all ears.