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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Sunday, January 18, 2009

OUR EVER GROWING DEFICIT

From The Patriot Post:

Regarding the federal budget deficit for 2009, the prevailing assumption has been that the U.S. faces a deficit of $1.2 trillion. Scary as that number sounds, it appears to be too low. The Congressional Budget Office is now putting the number at $1.8 trillion, which supposedly accounts for the additional stimulus spending that Congress and Obama's administration have planned. But even that estimate appears optimistic when the numbers are crunched. Some budget experts are projecting a deficit of $2 trillion, which seems more realistic when accounting for the Troubled Asset Relief Program ($750-$850 billion) and the Democrats' next stimulus ($825 billion). The new figure would be more than 15 percent of GDP. The Democrats will want to blame President Bush and the Republicans for this mess, but before the Democrats took control of the purse strings, the federal deficit never exceeded two percent of GDP.

And House Republican leader John Boehner claimed:
"There was no Republican input at all involved in what House Democrats outlined [Thursday]."

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