SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: i-node2/22/2009 11:50:54 AM
  Read Replies (1) of 1575774
 
This is an absolute crock.

Getting it back to a "half trillion" after blowing money the way he has in the first month?

The only reason it is more than a half trillion anyway is these ridiculous, wasteful attempts at propping up a lousy economy.

If you would could the $50 Trillion in SS & Medicare debt, a half trillion is totally immaterial anyway. Rounding error.

===============================================

Republican governors reacted skeptically Sunday to news that President Obama plans to halve the record budget deficits to more than a half trillion dollars by 2013, the end of the current presidential term.

Minnesota Gov. Tim Pawlenty told "FOX News Sunday" that the markets reacted badly to the $787 billion stimulus bill signed into legislation this past week -- the market is now down more than 41 percent off its mark of one year ago -- and it's only going to get worse if the president raises taxes.

Pawlenty said if voters think raising taxes will solve the deficit, he's got "hunting land for you in northern Minnesota."

South Carolina Gov. Mark Sanford, who vehemently opposed the stimulus bill, said cutting in half the annual deficit is a drop in the bucket.

"The operational deficit is a very small component of the larger deficit this country is running," he said.

An administration official, speaking on condition of anonymity, said Saturday that the president plans to cut back the annual budget deficit to $533 billion by time he ends his current term in office. That would be down from the $1.3 trillion deficit expected in fiscal year 2009.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News