Debt Ceiling Deadline - August 2nd

A balanced budget would take into account all payments that are due for a certain year. Because all government bonds have a known maturity date, these pay downs of debt would be factored into that years budget.

 

lets hope these tea party lunatics will change that.

 

Yes they have. Obama has made Bush look like a miser.

 

Maybe you've heard of a little political movement called the tea party. WTF do you think everyone in the tea party is so pissed off about? Of course no one has forgotten. The reality is that as bad as the republicans were, everyone knows democrats would be far worse on raising taxes and intrusive government growth.

We've been sitting back watching the republican party turn into the democrat party lite. Bush was the final straw.

The tea party movement is about returning the republican party back to it's roots of limited government. If the old timers don't tow the line they'll be gone too.

 

Obamacare $152 billion? Dream on Libbie.

 

Plus I'm still unclear why Bush carries the cost of war that Obama doesn't end and the tax cuts that obama extended. I dare say that graph has an agenda, and so does the man who posts it.

 

OK, with a smile on my face and love in my heart I will try again.

But first an observation. If you lean to the right, you might consider reading some of the left's stuff, and vice versa. If all you read are the Fox Headlines, then all you know is what the headline writers want you to know.

You might try reading some other stuff too, such as CBO, PBS, Christian Science Monitor, there are lots of stuff out there that make it possible to understand reality, not understand what some zealot is feeding you.

Now, if you are going to complain about the Congressional Budget Office being biased, one way or the other, then don't bother with the rest of this.

The following is from the CBO Director's blog, from March 2011, relaying testimony on the most recent CBO analysis of the Patient Protection and Affordable Care Act (PPACA) (OBAMACARE for you FOX and TEA party guys) Here is the link to the whole blog (Which also addresses the financial SUCCESS of TARP for those interested)

Director's Blog » 2011 » March

If you are too busy to read the article here is the graph that you might want to study:



As you can see, contrary to "Dream On Libbie" stated above, the OBAMACARE bill actually reduces the deficit, at least by the analysis (their 3d, all consistent) of the most tuned in, substantive and non-partial body that I am aware of.

Yes, you may quibble with "the other" stuff, but remember the source was high level testimony, and the CBO website will give you all the details you need to be structure your position, and your posts, based on the best facts available.

You can thank me later. (Ooh, I would have ended with a zinger, a really good, one but I am not doing that anymore)

Read, it is the path to knowledge.

One more thing, the reason this analysis has a negative effect on the deficit and the analysis that is disputed shows a deficit increase, is the difference in time horizons for each analysis. Changing time horizons create a lot of confusion, in fact, subsequent to the testimony, CBO had to present a tutorial on the effects differing time horizons have on cost and revenue forecasts.

Finally, I am not saying the deal will play out this way, but I do believe this is the best info available.

geaux tigers

 

Used to say in the navy, you have to read the "froms" and the "tos."

READ the title: POLICY CHANGES. That is why. CHANGES.