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42 DAYS SINCE DEFICITS DECLARED UNSUSTAINABLE

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RDANGELO Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-13-05 05:25 AM
Original message
42 DAYS SINCE DEFICITS DECLARED UNSUSTAINABLE
On March 2nd, Federal Reserve Chairman Alan Greenspan declared that the current deficits were unsustainable. He also stated that the cost of making ****'s tax cuts permanent would add 1,8 trillion dollars to the federal debt. To this date , **** and the republican congress have proposed nothing substantial to reduce the deficits.
Currently , the cost of the operations in Iraq are not being included in the budget. The cost of this is estimated at 207 Bil. by the end of this fiscal year. Also off the budget is the cost of transition for ****'s Social Security privatization plan ,which is estimated at 104.5 bil. for the first year and 2.2 trill over the decade.

Running these deficits has resulted in the US compiling 7 trillion dollars of debt. This means that as our country produces wealth,we have to use some of that wealth to pay off the debt instead of create jobs or provide for services.

The **** propaganda machine has portrayed him as strong and resolute leader, but the only people he has asked to make sacrifices in Iraq are the men and women he has ordered to put their lives on the line.If he believed the operation in Iraq is as important to the future of our country and the world as he says it is , he ought to have the guts to ask the American people to pay for it instead of wrecking our economic future buy running up the national debt.


www.nytimes.com/2005/03/02/business/02cnd-deficit.html?...
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ElectricIron Sweeney Donating Member (130 posts) Send PM | Profile | Ignore Wed Apr-13-05 06:14 AM
Response to Original message
1. The future does not exist
For capitalism. Next hour, next minute, next physical need or desire; but no firm fast notion of a future. So don't expect them to react with fear.
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patricia92243 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-13-05 06:22 AM
Response to Original message
2. A headline stating how many day it has been since Bush said we wanted Osam
Ossama dead or alive. The Republicans would sure be doing this if it were a Democrate President. AAR needs to do this also - keep a "clock" on Bush failures to deliver.
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