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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (35786)	8/19/2010 11:24:07 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "1.42 Trillion deficit in 2009 and 1.47 Trillion deficit in 2010" Yep, the last Bush fiscal year budget and the first Obama budget --- both while under the revenue-depriving effects of the Great Recession. Nearly half of that (for both years) is recession's effect. As it falls away, (even before we begin to take serious deficit-reducing actions in the coming years which I believe we must, we will, and is inevitable), the federal deficits fall steeply until about two year AFTER the next Presidential election in 2012. (I.e., they fall sharply as the deficit recedes until about 2014....) So we need to take strong and effective action in the next two-to-three-years to make sure we reduce deficits even further. Best possible choice would be to enact a Balanced Budget amendment now that would TAKE EFFECT by, say, 2013 or 2014. If we did it would be 'problem SOLVED'... all over but the shouting by special interests who previously had benefited from the pork barrel spending.