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Title: Debt Jumped $54.1 Billion in 8 Days Preceding Obama-Boehner Deal to Cut $38.5 Billion for Rest of Year
Source:
CNSNews
URL Source: http://www.cnsnews.com/news/article ... ed-54-billion-8-days-preceding
Published: Apr 9, 2011
Author: Terence P. Jeffrey
Post Date: 2011-04-09 12:37:53 by Hondo68
Keywords: None
Views: 5821
Comments: 8
House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) at the White House on Wednesday, April 6, 2011. (AP photo/Charles Dharapak) (CNSNews.com) - The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September. The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7. Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increase by $653.4 billion.
Poster Comment: Looks like the debt is rising faster, than the tiny budget cuts are lowering it. If this continues a real government shutdown is inevitable.
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#1. To: hondo68 (#0)
It's going to be hard to save any money when we spend $1 trillion a year on the military policing the world.
nothing a few more tax cuts can't fix. ;-)
Since January 3, 2011, Republicans have controlled the power of the purse.
How is it that back in the 1950's the country was going strong, and the top tax rate was 91%? Now the top rates have been slashed and the country is dire straights. Coincidence?
The borrow and bomb technique has long been popular with both corrupt parties. We're going to have to cut military spending, and lots of other stuff to survive as a nation.
I recall a re-run of MASH I saw where this uber right winger named Colonel Flagg... yes In the 1950's we didn't have rap music. Now we do. That is the problem.
There may be more to it than that. In the 50's we didn't have the EPA, NAFTA, "free trade", and a whole slew of government regulations killing the economy and outsourcing jobs. A healthy and free economy is able to support higher tax rates. If the socialists had any brains, they'd support less gov regulation, not more.
I recall a re-run of MASH I saw where this uber right winger named Colonel Flagg... We also had real "trickle down". The difference in the top and bottom salaries was a fraction of what it is today, so the pie was split a little more evenly. And please, don't tell me it was "socialism". In the 1950s, during the big Red Scare?
I could have sworn the CDS market was unregulated, wasn't it?
Since January 3, 2011, Republicans have controlled the power of the purse.
#2. To: Skip Intro, hond68 (#1)
It's going to be hard to save any money when we spend $1 trillion a year on the military policing the world.
#3. To: go65 (#2)
nothing a few more tax cuts can't fix. ;-)
#4. To: go65, Skip Intro, *The Two Parties ARE the Same* (#2)
nothing a few more tax cuts can't fix. ;-)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Godwinson posted on 2011-02-23 11:47:32 ET
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=18011&Disp=46#C46
#5. To: Skip Intro (#3)
Coincidence?
#6. To: A K A Stone (#5)
In the 1950's we didn't have rap music. Now we do. That is the problem.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Godwinson posted on 2011-02-23 11:47:32 ET
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=18011&Disp=46#C46
#7. To: hondo68 (#6)
#8. To: hondo68, skip intro (#6)
A healthy and free economy is able to support higher tax rates. If the socialists had any brains, they'd support less gov regulation, not more.
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