Paying for the war off-budget was nothing new to me - but the other three accounting practices made me LOL at the sheer gall of the Bush administration.

Ultimately, whether the Obama administration takes Jay's advice or not, the GOP, their shills and Fark Independents^TM will stick their fingers in their ears and yell, "Nyah Nyah Nyah not listening Obama is a Tax-n-Spend^R Commie who isn't really President 'cause he was born in Kenya WHARRGRBLE...".

Meanwhile, the rest of us will accept the latest example of why Dubya was one of the worst Presidents evar, and focus more on how to dig ourselves out of this Bush Administration-driven morass.

It doesn't matter what the Fark Independents say about it. Obama knew he was taking over a complete mess and he still wanted the job. So now it's his problem, no matter how bad it is or how it came to be that way.

Mordant: It doesn't matter what the Fark Independents say about it. Obama knew he was taking over a complete mess and he still wanted the job. So now it's his problem, no matter how bad it is or how it came to be that way.

Yeah. You'd have to be nuts to want that job.

we should do what corporations do - take over a small country, put all our debt into that country and then sell off the assets to the highest bidder.

Eliminating the AMT - or at least rising the cap a couple hundred thousand dollars - should be a bipartisan issue. A big flaming bag of dicks for everyone who refuses to vote on reform.

I fully expect any number of people to use the "2.7T extra in deficit" as a talking point to bash Obama.

UNC_Samurai: Eliminating the AMT - or at least rising the cap a couple hundred thousand dollars - should be a bipartisan issue. A big flaming bag of dicks for everyone who refuses to vote on reform.

The people who write the tax code can't figure out how to pay their taxes and we STILL won't admit to ourselves that we need tax reform.

Massachusetts' off-budget spending is about the same as the on-budget spending. We've been fighting this fight for a while.

now that all of the lies are coming out on how all these executives (public and private) hid off book accounts, when will we get back from them the money they took for doing this.

rest assured fatcats, you day is coming.

snuffy: rest assured fatcats, you day is coming.

No one has the cajones to do anything about that kind of thing anymore. If anyone did, then THEY couldn't get away with it when they do it.

In the past the only way the people have been able to truly hold those accountable for their actions is with a bullet.

Funny they forgot to mention the annual looting of the "Social Security Trust Fund". Must have been an oversight.

Well, Junior was the "CEO President" and had a cabinet full of other former executives. Is anyone surprised they'd use accounting tricks to hide massive losses?

Mordant: It doesn't matter what the Fark Independents say about it. Obama knew he was taking over a complete mess and he still wanted the job. So now it's his problem, no matter how bad it is or how it came to be that way.

He's the only one, apparently. I wonder how long it'll be before they find a new Commerce secretary.

Obama better hurry up and pardon Bush before things get (more) nasty.

Hah. You think the off-budget spending is bad?

Wait until Obama has to explain to the country that the "trust fund" that Social Security "has" was spent as it came in- and that now to "draw" from the trust fund, we have to increase taxes.
Just wait.

I shutter to even think what would have happened if Kerry or Gore would have won. This country would be a disaster or worse. Thanks to the guidance of Jesus, W. brought dignity and stability back to this fine nation of the Lord.

Katie98_KT: Hah. You think the off-budget spending is bad?

Wait until Obama has to explain to the country that the "trust fund" that Social Security "has" was spent as it came in- and that now to "draw" from the trust fund, we have to increase taxes.
Just wait.

Um, you do know that that's been common knowledge for a really, really long time right? We knew that before Obama was even in politics.

Mordant: It doesn't matter what the Fark Independents say about it. Obama knew he was taking over a complete mess and he still wanted the job. So now it's his problem, no matter how bad it is or how it came to be that way.

yes
and the first step to cleaning up a mess, is admitting you have a mess and being honest about what the mess is

saying the the war spending were NOT deficit spending is just plain lying

now we have some "hope" that we will be honest about expenses
and honest about thinking about paying for what was spent
unless we really just want to leave it to the "children"

/bwhahahaahah

This simply can't be true. The GOP is the home of financial rectitude.

With a reporter's face like this, you know you're getting the best in psychopathic journalism.

TFA makes a good point in suggesting that if Obama is going to change the accounting practices, he really should have the last few years revised under the same standards. It's not like the GOP can be trusted to not make false equivalencies between the two systems.

Katie98_KT: Wait until Obama has to explain to the country that the "trust fund" that Social Security "has" was spent as it came in- and that now to "draw" from the trust fund, we have to increase taxes.
Just wait.

Where have you been for the last several decades?

What a laugh. It's incredible how dirty these guys are.

Exodus2001: I shutter to even think what would have happened if Kerry or Gore would have won. This country would be a disaster or worse. Thanks to the guidance of Jesus, W. brought dignity and stability back to this fine nation of the Lord.

Now that is a funny fake-troll.

- Removing the revenue from the Alternative Minimum Tax reform. Despite the yearly and almost certain Congressionally authorized "patch" to the AMT, the White House would always presume the AMT would not be corrected for that fiscal year, overstating revenue.

That is a trick? The amt was always fixed at the last moment in order to force the dems to actually go along. You cannot make a budget expecting future changes that are not 100% guaranteed. We should kill the AMT completely.

The war spending was BS. I never understood why it needed to be funded off the books by considering it emergency funding.

The medicaid thing was off my radar. So no comment there

How do you budget to pay for natural desasters? Really?? how do you do that?

Ah, the Examiner. Another KOS wannabe.

Huh. subby is being dishonest, or can't read. Probably both.

"The Obama Administration estimates those changes will result in budgets that are $2.7T deeper in the red over the next ten years."

They're future deficits, not past deficits Republicans hid. Obama is just changing rules that have been in place for decades prior (used by Republicans and Democrats alike).

Shrew2u: Paying for the war off-budget was nothing new to me - but the other three accounting practices made me LOL at the sheer gall of the Bush administration.

Why do you think Republicans never make taxes permanent but then after they are in effect they want them permanent?

It's so they can pretend that it won't cost as much as it does.

helix400: They're future deficits, not past deficits Republicans hid. Obama is just changing rules that have been in place for decades prior (used by Republicans and Democrats alike).

Yeah I remember when Clinton used to hide the spending on the Iraq and Afghanistan war.


HAhahaha

If that deficit spending is a 10 year projection... and a component of the deficit spending is from war spending.... does this mean that Obama is planing to continue funding the wars for the next 10 years?

How much have we budgeted for tar and feathers?

UNC_Samurai: Eliminating the AMT - or at least rising the cap a couple hundred thousand dollars - should be a bipartisan issue. A big flaming bag of dicks for everyone who refuses to vote on reform.


Well the democrats actually are the ones who are usually in the for front to raise this.

The Republicans never want to so they can count it on the books to make tax cuts that are are mostly for the rich.

heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

helix400: They're future deficits, not past deficits Republicans hid. Obama is just changing rules that have been in place for decades prior (used by Republicans and Democrats alike).

Hahahahahaah. Unbelieveable.

Bucky Katt: The GOP is the home of financial rectialtude.

SeismicJizzer: heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

Oh yea, his first 5 weeks have really kicked ass so far.

3_Butt_Cheeks:

Ah, the Examiner. Another KOS wannabe.

You're joking, right? Perhaps it was just their tailoring the paper to my very red area of residence, but the Examiner was always the hard-right paper. I used to refer to their "Senior Washington Correspondent" as "The White House Stenographer." They basically presented GOP press releases as journalism.

maxheck: You're joking, right?

You should keep arguing with the troll. Tell me how that works out for you.

SeismicJizzer: heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

Slash the budget. No fark'n way we will see that. The announced budget will only get bigger. The announced shortfalls at the writing of the budgets are going to be larger but the yearly deficits are going to be the same that they were going to be, if not larger. Obama's hands are tied. Right now he cannot increase revinue (raise taxes) and he is not going to cut anything (Kensian theory anyone?).

3_Butt_Cheeks: SeismicJizzer: heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

Oh yea, his first 5 weeks have really kicked ass so far.

haha I know, he got paycaps for his staff, got most of his staff confirmed, signed the ledbetter act, sCHIP, stimulus bill, announced his foreclosure plan and propose to balance the budget while banning Dubya's triky budget numbers.

In the process he has gotten high approval ratings from America while "seasoned" republican congress members have shameful approval numbers.

Looks like the newbie has schooled these geezers on how to be a savvy politician.

bulldg4life:

maxheck: You're joking, right?

You should keep arguing with the troll. Tell me how that works out for you.

Oh, I know... But that one was silly even by troll standards.

That's okay. Bush hid the recession for two years and of course the white hot economy during that recession forced gasoline prices to record levels.

maxheck: 3_Butt_Cheeks:

Ah, the Examiner. Another KOS wannabe.

You're joking, right? Perhaps it was just their tailoring the paper to my very red area of residence, but the Examiner was always the hard-right paper. I used to refer to their "Senior Washington Correspondent" as "The White House Stenographer." They basically presented GOP press releases as journalism.

"Progressive Politics Examiner". Links to KOS and Huffpost.

Right wing craziness there!

Saiga410: SeismicJizzer: heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

Slash the budget. No fark'n way we will see that. The announced budget will only get bigger. The announced shortfalls at the writing of the budgets are going to be larger but the yearly deficits are going to be the same that they were going to be, if not larger. Obama's hands are tied. Right now he cannot increase revinue (raise taxes) and he is not going to cut anything (Kensian theory anyone?).

meh, Iraq alone will save $90 billion a year and raising the rates on dividends and capital gains to Clinton levels can accomplish that.

It's going to be tough, but needs to be done.

SeismicJizzer: haha I know, he got paycaps for his staff, got most of his staff confirmed, signed the ledbetter act, sCHIP, stimulus bill, announced his foreclosure plan and propose to balance the budget while banning Dubya's triky budget numbers.

Scratches head. How is he going to ballance the budget with all that added spending without raising revinue. He has gone on the record that he will not raise taxes in the near term, at least until 2011, 2012. He cannot raise taxes enough at that time to cover the shortfall. The change would be too great that it would direly affect spending and investments. Small changes are absorbable but a large one will put us into another tailspin.

Marcus Aurelius: Funny they forgot to mention the annual looting of the "Social Security Trust Fund". Must have been an oversight.

That's been going on forever and it is so commonplace nobody even thinks about it anymore.

helix400: Huh. subby is being dishonest, or can't read. Probably both.

No, this is normal for people. The media reports a large figure then understates the time frame. Like the diet pill ads that talk about losing 60 pounds (over 9 months) where if you do the numbers it would be the same as a good diet without the pills.

Shrew2u: Paying for the war off-budget was nothing new to me - but the other three accounting practices made me LOL at the sheer gall of the Bush administration.

Ultimately, whether the Obama administration takes Jay's advice or not, the GOP, their shills and Fark IndependentsTM will stick their fingers in their ears and yell, "Nyah Nyah Nyah not listening Obama is a Tax-n-SpendR Commie who isn't really President 'cause he was born in Kenya WHARRGRBLE...".

Meanwhile, the rest of us will accept the latest example of why Dubya was one of the worst Presidents evar, and focus more on how to dig ourselves out of this Bush Administration-driven morass.

PROTIP: The GOP is not alone with respect to corruption; greed has no political affiliation.

How do you budget ahead for natural disasters?

How do you budget ahead for whether or not congress will pass the AMT alteration?

How do you budget ahead for the cost of a war?

And which GOP congress is this? The one from before the Democratic Congress that has been in power for nearly three years now?

SeismicJizzer: 3_Butt_Cheeks: SeismicJizzer: heh Obama now wants to slash the budget by half in the next four years, this will definitely have the right wing frothing at the mouth.

The man is one step ahead of them each time.

Oh yea, his first 5 weeks have really kicked ass so far.

haha I know, he got paycaps for his staff, got most of his staff confirmed, signed the ledbetter act, sCHIP, stimulus bill, announced his foreclosure plan and propose to balance the budget while banning Dubya's triky budget numbers.

In the process he has gotten high approval ratings from America while "seasoned" republican congress members have shameful approval numbers.

Looks like the newbie has schooled these geezers on how to be a savvy politician.

"Most of his nominees approved". - Spin!

High approval ratings...Moonbats rank him ahead of MLK and Jesus. - Spin!

Nancy's stimulus package - Epic Fail.

Balance the budget? We'll see how he does that. Not a good start.

sCHIP - Not a good thing.

Foreclosure plan? - FAIL. More bailout bullshiite.