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(Miami Herald) Sad Obama's budget set to increase country's debt by 1 trillion a year over the next 10 years. This is bad news...for Obama's grandchildren   (miamiherald.com) divider line 152
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Dufus [TotalFark] 2009-03-21 08:33:14 AM  
No!, Say it ain't so! He is supposed to fix everything, balance the budget, and cure both the common cold and cancer.

They say he won't start raising the dead and walking on water until his second term.

/sarcasm

 
ragekage [TotalFark] 2009-03-21 08:45:18 AM  
Hmm... just breezing through the article, I don't see they took into account his tax increases or proposed budget cuts and such, which would, I suppose, be hard to do before he's fully announced them, but this seems a little disingenuous. Weird, huh? I wouldn't have expected news organizations to engage in that sort of behavior.

 
snuff3r [TotalFark] 2009-03-21 08:57:11 AM  
Is it possible to take an article whose headline has "could" in it seriously?

 
Mordant [TotalFark] 2009-03-21 09:05:15 AM  
I wonder why he has money in there for some kind of war... is he planning to have a war in Iraq or somewhere like that ?

Must be something planned, the last guy didn't have budget dollars allocated to any such thing... for some reason.

how strange, I wonder if he has other expenses in there that would look better if we pretended they weren't really there.

 
I_C_Weener [TotalFark] 2009-03-21 10:13:28 AM  
I've heard that the best way out of debt is to increase your debt, so this is certain to work.

 
cameroncrazy1984 [TotalFark] 2009-03-21 10:17:59 AM  
I_C_Weener: I've heard that the best way out of debt recession is to increase your debt, so this is certain to work.

Fixed for reality.

 
Crosshair [TotalFark] 2009-03-21 10:39:21 AM  
cameroncrazy1984: Fixed for reality.

According to Keynesian theory, yes. That is why Bush's stimulus checks and ban bailouts were such resounding successes...... Oh wait.

No, the reality is that we took upon too much debt to build a bubble economy. We don't build much anymore. We got drunk and this recession is the hangover. The governments solution is to just give us more alcohol.

The deflationary trends are going to be temporary, once those wear off, inflation is going to take off.

When inflation drives the price of the cheap bread bread to $5 a loaf, I'll be here saying "I told you so".

 
FredaDeStilleto [TotalFark] 2009-03-21 10:41:58 AM  
Crosshair: When inflation drives the price of the cheap bread bread to $5 a loaf, I'll be here saying "I told you so".

At that point, a TF subscription will run @ $25 a month.

 
GaryPDX [TotalFark] 2009-03-21 10:42:26 AM  
There are people who think this is a good thing?

/shakes head

 
cameroncrazy1984 [TotalFark] 2009-03-21 10:42:55 AM  
Crosshair: No, the reality is that we took upon too much debt to build a bubble economy. We don't build much anymore. We got drunk and this recession is the hangover. The governments solution is to just give us more alcohol.

No, the reality is a lot of stupid people made stupid decisions and now nobody is lending anybody any money. Spending is the key to restarting the economy. Bush's idea was that the private sector, pretty much by itself, would stimulate the economy. It didn't. Now the only entity that still has enough spending power to do so is the government. That's the major difference between the Bush stimulus and the Obama stimulus. Tax cuts didn't work the first time around. Unfreezing the credit markets should.

 
Mordant [TotalFark] 2009-03-21 10:44:30 AM  
Crosshair: When inflation drives the price of the cheap bread bread to $5 a loaf, I'll be here saying "I told you so".

How ? If cheap brad is $5 a loaf Then TF will be something like $30 and pretty much every product and service in the country will be through the roof as well. With the end of society in sight you'll still be hanging in here just to gloat at people ?

 
bronyaur1 [TotalFark] 2009-03-21 10:48:26 AM  
Did any of you people actually READ the damn thing, and compare it to Bush's and Clinton's budgets? Yes, more money is being spend, but much of the supposedly insane increase is actually a more reasonable accounting of items left off of prior budgets.

So, naturally... the solution is to further cut tax rates on the top 0.5% of household incomes, right?

 
GaryPDX [TotalFark] 2009-03-21 10:50:55 AM  
cameroncrazy1984: I_C_Weener: I've heard that the best way out of debt recession is to increase your debt, so this is certain to work.

Fixed for reality.


C'mon Cameron, you really do know better than that. What would happen if you took 50k in ones and threw them off a building to a crowd below? And what happens when that chunk is gone and they mob is screaming and you have to throw more? They play class wars in Europe..America was created to avoid all that mutant socialism crap.

It ends in chaos and destruction. Playing musical credit cards with money we don't have is sealing the destruction of America. This Utopian dream where morality is legislated and the government takes care of everyone is a fantasy..pure and simple fantasy perpetuated by power and greed in another form. Wake up dude.

 
Tor_Eckman [TotalFark] 2009-03-21 10:51:37 AM  
GaryPDX: There are people who think this is a good thing?

/shakes head


I know, right? News organizations should stop trying to predict the future and get back to reporting news.

 
GimpyNip 2009-03-21 10:52:38 AM  
Estoy molesto. Obama se burló de las personas con retraso.

 
priestrape 2009-03-21 10:53:03 AM  
GaryPDX: There are people who think this is a good thing?

/shakes head


it's not a good thing

getting your leg amputated is not a good thing

yet there are times when the doctor says, "I'm sorry, but we have to amputate that leg. You have gangrene"

Is the doctor wrong for wanting to amputate the leg?

 
ihatedumbpeople 2009-03-21 10:53:30 AM  
Yeah, it's gotta be awesome to get handed possibly the biggest shiat sandwich this country has ever been in.

 
D-Liver [TotalFark] 2009-03-21 10:53:49 AM  
ragekage: Hmm... just breezing through the article, I don't see they took into account his tax increases or proposed budget cuts and such, which would, I suppose, be hard to do before he's fully announced them, but this seems a little disingenuous. Weird, huh? I wouldn't have expected news organizations to engage in that sort of behavior.

Amazing how you were able do outdo a study by the Congressional Budget Office by "breezing through the article."

 
jgbrowning 2009-03-21 10:54:47 AM  
Conservative means not putting on the budget what you're spending.

That's The Same you can believe in!

 
Apik0r0s 2009-03-21 10:55:03 AM  
GaryPDX: There are people who think this is a good thing?

/shakes head



Buddy, if you and your mob think it's bad, I'm all for it.

Welcome to the world the GOP built, one where anything goes as long as Republicans oppose it.

Enjoy it, I know I am.

 
Mordant [TotalFark] 2009-03-21 10:55:14 AM  
priestrape: Is the doctor wrong for wanting to amputate the leg?

Depends, does he have a (D) after his name ? I bet he does, and I bet he'll try to blame that other guy who kept stabbing me in the leg with a rusty blade.

Stupid doctor.

 
Lost Thought 00 2009-03-21 10:56:29 AM  
That's wonderful, though taken in isolation, completely meaningless

/National Debt alone is not a bad thing
//Accumulating National Debt when other nations around the world are not is BAD
///Everyone is accumulating debt these days, so it is not so bad
////The world is all relative.

 
3_Butt_Cheeks 2009-03-21 10:57:28 AM  
snuff3r: Is it possible to take an article whose headline has "could" in it seriously?

"Your house COULD explode at any time."

Hmmm, you MAY want to investigate further.

 
GimpyNip 2009-03-21 10:57:35 AM  
priestrape: yet there are times when the doctor says, "I'm sorry, but we have to amputate that leg. You have gangrene"

Is the doctor wrong for wanting to amputate the leg?


I think the abjectly vain would rather die. Heather Mills wouldn't.

 
Lawnchair 2009-03-21 10:57:56 AM  
What's a few trillion?

img13.imageshack.us

 
GaryPDX [TotalFark] 2009-03-21 10:58:29 AM  
Apik0r0s: GaryPDX: There are people who think this is a good thing?

/shakes head


Buddy, if you and your mob think it's bad, I'm all for it.

Welcome to the world the GOP built, one where anything goes as long as Republicans oppose it.

Enjoy it, I know I am.


If that's what you think, you are in for a very messy train wreck. This is a Republic where Rule of Law prevails, not mob rule where anything goes. So just keep driving that train, Casey Jones.

 
saintstryfe 2009-03-21 11:01:56 AM  
This is another example of scary numbers - 1 trillion sounds bad, until you realize that's 100 billion a year. That's a lot, but not insurmountable when considering the production of the US, especially when we're out of recession.

And let's not forget the need for this budget is mainly because of the failed republican policies of the past. Our economy is stalled. Republicans would have you believe to fix the problems, you just need to empty the gas tank, clamp the lines and wait for a miracle.

 
immrlizard 2009-03-21 11:02:52 AM  
Since the world is going to end in 2012, why are we worried about the debt?

 
cameroncrazy1984 [TotalFark] 2009-03-21 11:05:04 AM  
The End is Near: Note that I am not advocating letting huge banks fail, but I am advocating forcing them to write-off their toxic debts, and to nationalize them for whatever time is necessary until they repay what the government puts in and they can stand on their own two feet.

Uh, I don't know how to tell you this, but isn't that pretty much what we are doing right now?

 
Mordant [TotalFark] 2009-03-21 11:05:48 AM  
saintstryfe: And let's not forget the need for this budget is mainly because of the failed republican policies of the past. Our economy is stalled. Republicans would have you believe to fix the problems, you just need to empty the gas tank, clamp the lines and wait for a miracle.

But as I understand it, Republican policies have only EVER failed because somehow the Dems ruined them. I have to believe that given unfettered power for several years they would straighten everything out and we'd be back to the utopia we had just 3 months ago (before the national nightmare began).

 
priestrape 2009-03-21 11:06:51 AM  
The End is Near: priestrape: yet there are times when the doctor says, "I'm sorry, but we have to amputate that leg. You have gangrene"

This would be a more apt comparison if you were like me and advocated letting the economy find its own bottom instead of trying to ease the pain. It's much better to take a straight punch to the jaw than a 10 minute indian burn, which is exactly what we're doing to ourselves by trying to spend our way out of it.

Right now, we're not cutting off the bad leg. We're doing everything but that in a futile attempt to save it, and in the meantime, the disease is spreading further up the leg.

Note that I am not advocating letting huge banks fail, but I am advocating forcing them to write-off their toxic debts, and to nationalize them for whatever time is necessary until they repay what the government puts in and they can stand on their own two feet.

The biggest problem the market and the economy face right now is the uncertainty of what else is to come. The current administration's plans are making that even cloudier. The market cannot react positively when it has nothing positive to react to.


I wish I had the confidence in my ability to understand the exponentially complex macro-economical factors involved in this problem and the wide range of potential outcomes that you have.

But I don't.

 
Alphax 2009-03-21 11:07:03 AM  
ihatedumbpeople: Yeah, it's gotta be awesome to get handed possibly the biggest shiat sandwich this country has ever been in.

The biggest shiat sandwich is in our mouths already. And the Party of No is trying to stop us from spitting it out.

 
cousin-merle 2009-03-21 11:08:14 AM  
saintstryfe: This is another example of scary numbers - 1 trillion sounds bad, until you realize that's 100 billion a year. That's a lot, but not insurmountable when considering the production of the US, especially when we're out of recession.

img1.fark.net

And let's not forget the need for this budget is mainly because of the failed republican policies of the past. Our economy is stalled. Republicans would have you believe to fix the problems, you just need to empty the gas tank, clamp the lines and wait for a miracle.

I think it's more along the lines of there was no preventative maintenance on the vehicle for 30 years, so now we have to spend even more money fixing problems that used to be minor.

 
priestrape 2009-03-21 11:09:51 AM  
Alphax: The biggest shiat sandwich is in our mouths already. And the Party of No is trying to stop us from spitting it out.

this is what I don't understand. Those who are the loudest voices decrying the stimulus package have been demonstrably wrong about virtually every decision the government has made for almost 9 years now.

Why do they think we'll believe there's really a wolf again?

 
saintstryfe 2009-03-21 11:13:17 AM  
cousin-merle: saintstryfe: This is another example of scary numbers - 1 trillion sounds bad, until you realize that's 100 billion a year. That's a lot, but not insurmountable when considering the production of the US, especially when we're out of recession.



And let's not forget the need for this budget is mainly because of the failed republican policies of the past. Our economy is stalled. Republicans would have you believe to fix the problems, you just need to empty the gas tank, clamp the lines and wait for a miracle.

I think it's more along the lines of there was no preventative maintenance on the vehicle for 30 years, so now we have to spend even more money fixing problems that used to be minor.


A fail tag doesn't really answer anything, merle.

And if there's been no preventative maintenance, well, of the last 30 years, Republicans have been president nearly 20 years of it! And when you consider Clinton's Republican-ish stand on most things economic, well I can't really say I'm shocked.

 
Bob Dolemite [TotalFark] 2009-03-21 11:17:05 AM  
saintstryfe: And let's not forget the need for this budget is mainly because of the failed republican policies of the past.

dumbest shiat ive ever read

 
cousin-merle 2009-03-21 11:19:46 AM  
saintstryfe: A fail tag doesn't really answer anything, merle.

Try reading the article (or headline) again and try to imagine why you get the fail on that statement.

And if there's been no preventative maintenance, well, of the last 30 years, Republicans have been president nearly 20 years of it! And when you consider Clinton's Republican-ish stand on most things economic, well I can't really say I'm shocked.

I am well aware. I know the right likes to paint Clinton as some kind of super-liberal so that their far right ideologues seem mainstream, but he governed center-right.

 
Mordant [TotalFark] 2009-03-21 11:20:24 AM  
Bob Dolemite: saintstryfe: And let's not forget the need for this budget is mainly because of the failed republican policies of the past.

dumbest shiat ive ever read


True. The successful Republican policies of the past have done a lot of the damage. When they've failed it usually ends up costing less.

 
milk_plus 2009-03-21 11:21:01 AM  
Undoing the work of a GOP president and GOP congress will take generations.

 
cousin-merle 2009-03-21 11:21:36 AM  
Bob Dolemite: dumbest shiat ive ever read

So you don't think that the Republican mantra since Reagan of starving the beast and underfunding programs in order to bankrupt them has anything to do with the massive spending that we have to incur just to get back on track? I think they're sorta related.

 
texanb4 [TotalFark] 2009-03-21 11:22:59 AM  
i158.photobucket.com

Just saying...what we needs is another Pearl Harbor/911 so all the haters can shut the fark up and rally blindly behind the beloved leader.

And monkeys will fly out of my butt.

 
bartink 2009-03-21 11:23:06 AM  
Crosshair: According to Keynesian theory, yes. That is why Bush's stimulus checks and ban bailouts were such resounding successes...... Oh wait.

No, the reality is that we took upon too much debt to build a bubble economy. We don't build much anymore. We got drunk and this recession is the hangover. The governments solution is to just give us more alcohol.


The same could have been said for the great depression, and yet it was Keynesian spending that saved our ass there.

Crosshair: The deflationary trends are going to be temporary, once those wear off, inflation is going to take off.

When inflation drives the price of the cheap bread bread to $5 a loaf, I'll be here saying "I told you so".


You just made my list of silly predictions. Congrats.

 
GimpyNip 2009-03-21 11:23:10 AM  
See, the brilliant thing about having two parties is that instead of attacking the gvt, you guys attack each other over partisan beliefs. The GVT farked up, and will continue to fark up. Can we get a generation that doesn't need party designation to endorse their vote? Can we get a generation that can actually evaluate something, anything, without politically slanting it. For all the complaints Farkers have about pigeon holing things, they sure do a great job of it on the Tics tab.

 
Guess_Who 2009-03-21 11:24:45 AM  
Bob Dolemite: saintstryfe: And let's not forget the need for this budget is mainly because of the failed republican policies of the past.

dumbest shiat ive ever read


Agreed.

 
Bob Dolemite [TotalFark] 2009-03-21 11:26:57 AM  
cousin-merle: So you don't think that the Republican mantra since Reagan of starving the beast and underfunding programs in order to bankrupt them has anything to do with the massive spending that we have to incur just to get back on track? I think they're sorta related.

sorry man, i fundamentally disagree with social policy. to rest the blame on the shoulder of one political party in this country is farking asinine. "oh, the GOP got us here". bullshiat. farking politicians got us here. if you really think that the democrats are some kind of blessing from god and the only people who can solve the country's problems, you're retarded. i see what's going on with many democratic leaders who are unethical at best, and i think to myself, "wow, we really are farked".

and the beast needs to be slain. i don't get what it is with people and their dependence on the government, and i certainly don't get people who "defend" other people by saying that the government should help them.

 
cousin-merle 2009-03-21 11:28:01 AM  
GimpyNip: See, the brilliant thing about having two parties is that instead of attacking the gvt, you guys attack each other over partisan beliefs. The GVT farked up, and will continue to fark up. Can we get a generation that doesn't need party designation to endorse their vote? Can we get a generation that can actually evaluate something, anything, without politically slanting it. For all the complaints Farkers have about pigeon holing things, they sure do a great job of it on the Tics tab.

You're so much wiser by placing all the blame on the nebulous evil that is "the government". I wish I was as smart and edgy as you are.

/the government is just made up of people; maybe we should pick people that aren't actively trying to break it

 
Sir Daniel Fortesque 2009-03-21 11:28:57 AM  
Didn't they add an extra digit last time? So funny that everyone here suddenly cares about the debt.

 
bartink 2009-03-21 11:30:27 AM  
Bob Dolemite: dumbest shiat ive ever read

Which is precisely what we say when reading your posts.

 
crappie 2009-03-21 11:32:34 AM  
Bob Dolemite: cousin-merle: So you don't think that the Republican mantra since Reagan of starving the beast and underfunding programs in order to bankrupt them has anything to do with the massive spending that we have to incur just to get back on track? I think they're sorta related.

sorry man, i fundamentally disagree with social policy. to rest the blame on the shoulder of one political party in this country is farking asinine. "oh, the GOP got us here". bullshiat. farking politicians got us here. if you really think that the democrats are some kind of blessing from god and the only people who can solve the country's problems, you're retarded. i see what's going on with many democratic leaders who are unethical at best, and i think to myself, "wow, we really are farked".

and the beast needs to be slain. i don't get what it is with people and their dependence on the government, and i certainly don't get people who "defend" other people by saying that the government should help them.


No cause when I'm paying taxes I prefer it goes to America and American infrastructure.
Not Iraq and Israel and other christian soldier agendas

Your gonna pay and it's gonna be spent, it just depends where and what

 
Bob Dolemite [TotalFark] 2009-03-21 11:33:40 AM  
bartink: Which is precisely what we say when reading your posts.

is that like the royal "we"? are you the representative for everyone in this thread? do you know what they are thinking, and what is best for them?

why don't you try just talking about yourself first, before you go after such lofty goals by using "we" statements.

this collective bullshiat idea that your kind like, is a complete crock of shiat. you do not represent anyone but you

 
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