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ROFL. Gee, why might the Fed's activities not end up in the fiscal budget?
Yawn.
...about the budget so, let's start here:
The caption on the YouTube site says, “Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.”
Deficit Now Projected at $1.8 Trillion for 2009
That's a 50% increase.
In case you're poor at math, and I'm pretty sure Marcus is, the $1.8 Trillion Obama budget deficit is more than the deficit of the Bush administration for the first 7 years, combined...and we were recovering from 9/11 and fight two wars.
ROFL. Gee, why might the Fed's activities not end up in the fiscal budget?
Yawn.
Certainly, they have no impact on the budget...
And, I guess you didn't see the other two bits in the post.
So Obama gets hit with Bush's work. Whoopde ingdo.
Bush didn't write the budget...What is Bush's work?
Gee, who instigated TARP?
Who inflated it beyond all reason and then, started nationalizing the banks and industry under its umbrella?
Who said every penny would be accounted for and available for public inspection and the, ooops, that won't be available until 2010, if at all.
Further, who set the precedent that the federal government's responsibility is to bail out financial services firms?
And I opposed the idea when it was proposed.
So, we agree the bailout were a bad idea. Obama has taken that bad idea to heights never imagined.
You would oppose the man whose likeness will appear on Rushmore?
Not everyone agrees on everything.
I'm starting to use the excuse that I inherited all problems that come into my life.
It doesn't work out too well in the real world for a little ol' guy like me though
At least I know my government likes to help with my inherit..ance.
It's hardly a novelty.
Some were raised better than others I suppose.
Looks like Obama is using Bush tactics. Like not including the war expenses in the budget, instead opting to use a supplemental funding bill.
I didn't like it when Bush did it, and I don't like it now when Obama is doing it.
http://www.spurstalk.com/forums/show...9&postcount=36
CD's take sounds plausible to me, but in principle I think the money should be normally appropriated.
HAHAHHAHAHA. I love it!!!!!!!!!!!! Blame BUSH.
You make it sound so trivial.
Is Bush partly to blame? The answer IMO is pretty obviously yes. That this conclusion is widely repeated does not diminish its veracity.
Why cannot Bush be assigned blame? I didn't vote for Obama, BTW, so you can drop that meme.
It's rather obvious that Bush set the stage for Obama and that in many respects, the current administration is merely a continuation of the prior one. If you actually desire a small, limited federal government, I'm not sure how Bush is somehow free from criticism.
Current financial crisis = Bush's fault, duh.
I wouldn't say it that way.
Sommers and Rubin were the architects of the bubble. The repeal of Glass-Stegall and the CFMA of 2000 were both Clinton era measures. They made the financialization of the economy possible.
Ergo, Clinton shares the blame.
Come on. There was a deficit before Bush. Who set the stage for him? Obama just spent a load of money and noone knows where it all went to. Thats the problem today. Why would congress do this? Obama said CHANGE, CHANGE,CHANGE. Bull . He is a liar.
Because they were afraid their political donors were going to fail. It wouldn't have been much different with a President McCain IMO.Obama just spent a load of money and noone knows where it all went to. Why would congress do this?
I thought you said it was all Phil graham and repug dereg?
Bull . It's a democratic congress. The package would be much much much more fare,not even close to a trillion dollars,FAR-less earmarks(i would love to say zero but they are politicians) and they would have read the entire bill if McCain were prez.
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