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(Washington Post)   Bush proposes $2.4 trillion budget   (washingtonpost.com) divider line 415
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10038 clicks; posted to Main » on 02 Feb 2004 at 10:17 AM (10 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2004-02-02 11:12:27 AM  
Alexis
Okay, economics isn't one of my strongest points... all these trillions of dollars that we're in debt, I'm curious, who exactly do we owe this money to? Who are we borrowing it from?

It is my understanding that 66% of the National Debt is borrowed from US citizens in the forms of Bonds. The remaining 34% (or $1.46 trillion) is owned by foreign companies or goverments. Japan is currently the largest foreign holder, with Mainland China being the second largest holder. (TREASURY SECURITIES)
 
2004-02-02 11:12:49 AM  
setaanbomb:Clinton also never governed during a federal recession.

According to Bush, it was only a very small recession during the first few months of his presidency. They are all saying the economy is strong and growing. So your point is shot down faster than an Iraqi jet over Baghdad.
 
2004-02-02 11:12:59 AM  
I can just imagine the meetings held on this thing.

"OK, so it looks like the budget will be around $2.4 trillion"

"OK, and that includes the $400billion for Iraq?"

"Uh, no. We felt like that would best wait until after the election."

"Well, wont people get upset when they find out we'll really be spending over $3trillion?"

"Well, that's why we wont tell them until after you're in for another 4 years."

"Ok, sweet. Say, how *did* you cut the budget to under $3trillion?"

"Oh, we just took even more money away from agriculture and the environment, as usual. You know, things we dont need to care about since we'll be dead long before there's ever a problem."

"*gasp* But what about the planet we're leaving our children?"

"Hahahaha, good one George."

"Hahaha, Thanks. Pfft, children."
 
2004-02-02 11:13:44 AM  


half out taxes go to this
 
2004-02-02 11:13:53 AM  
zakarth, I am not competitive
As good as I get I can not give
And now to stay upon the topic:
Bush's outlook is myopic

At Kenneth Lay's feet did he study
How to cook books till they're muddy?
Unbalanced unchecked checks will bounce
As uncounted are off-shore accounts

By off-shore I imply Iraq
The monkey's monkey on our back
In a word it's irresponsible
Far more troublesome than tribbles.

/yo?
 
JPN
2004-02-02 11:14:04 AM  
re: In the large likelyhood this jackass gets re-elected, I think I'm moving to Candada.

do us a favor and get the fark out now. one less turd in the US is a good thing.
 
2004-02-02 11:14:40 AM  
[steele} - with news like this, how could you possibly think he will get re-elected? He's going to have to pull Osama out of a spider hole or something to make sheeple in America think about something other than the economy and gov't spending come November
 
2004-02-02 11:15:16 AM  
budget surplus = dot com bliss

budget deficit = morning after dot com stupidity

don't take it from me, take it from none other than tom daschle:

Daschle: "I think these surplus projections are the fiscal equivalent of the Dot-com stock market. They will continue to be volatile."


http://www.marketplace.org/shows/2000/07/18_mpp.html
 
2004-02-02 11:15:29 AM  
caiteach: Nearly everyone that makes 20,000 a year will pay income taxes. Some may not notice it because they establish their witholdings correctly. With tax credits and incentives the $20,000 income earner can pay near zero in INCOME taxes.

Robobagopiper: I see you're a moron, or blind, or maybe just illiterate. Here, I'll cover the spread for your self induced afflictions.

Q) Payroll Taxes are not

1) Income Taxes
2) Income Taxes
3) Income Taxes
4) Income Taxes
 
2004-02-02 11:16:19 AM  
I've never been to Candada, but I hears it is really coldada. I like Supercat, he had an album "Don Dada". I think if Bush wins I'll move in with Supercat.
 
2004-02-02 11:17:05 AM  
Sen. Ted Kennedy, D-Mass, called on Congress to reject Bush's spending plan, charging it was the "most antifamily, anti-worker, anti-healthcare, anti-education budget in modern times."

Heh, this made me laugh. Note how good ol' Ted doesn't complain about the size of the budget. He just levels all sorts of bizarre charges.

I mean, how is this budget "anti-healthcare"? After that giant Medicare perscription drug bill, its probably the most "pro-healthcare" budget in years. What's his solution, spend even more? He probably wants to up spending on education also, as the Democrats are heavily influenced by the Teachers Unions.

And how the heck is the budget "antifamily"? Or even "anti-worker"? Is it anti-puppies too?

It's crap like this that worries me, and makes me think that John Kerry would be even worse on the budget. Maybe he'd balance it out with tax hikes... you never know with him. He seems to be all over the map.
 
2004-02-02 11:17:32 AM  
Yes, but don't forget, United States is keeping us "safe" by sending their mighty military out on various expansionist misadventures. The Allied expeditionary force never really stopped going on expeditions after WW2 ended.

Just think, if we didn't live next to Big Brother some other country might invade us such as...

Well, no one really. No one in the world has the nads to invade Canada after seeing our Sea Kings in operation.
 
2004-02-02 11:18:16 AM  
2004-02-02 11:12:49 AM WorldCitizen
According to Bush, it was only a very small recession during the first few months of his presidency. They are all saying the economy is strong and growing. So your point is shot down faster than an Iraqi jet over Baghdad.

worldcitizen's point is that the economy is strong and that bush actually did a good job of it. this is encouraging news.
 
2004-02-02 11:18:30 AM  
Brandito: Like Alec Baldwin, you're lying. I created a website to commemorate this event.

http://www.branditoin30seconds.com
 
2004-02-02 11:19:33 AM  
doesn't make mathematical sense to me:

"The president's plan for the 2005 budget year, which begins next Oct. 1, proposes spending $2.4 trillion for all government activities, up 3.5 percent from the current year. Revenues will total $2.04 trillion, a sizable 13.2 percent increase that the administration forecasts will occur from growing tax receipts powered by a stronger economy."

"President Bush sent Congress a $2.4 trillion election-year budget on Monday featuring ... a record $521 billion deficit."

If spending increased 3.5%, but revenues will increase 13.2%... how can the deficit be a record? It seems like if revenues increse more than spending, the deficit would be less... right?
 
2004-02-02 11:19:46 AM  
Wow, those Republican patriots are certainly fiscally responsible, especially when they're playing fast and loose with your tax dollars.
I think in the future we should 'elect' more Harvard MBAs to the presidency. This clown's running the US budget into the ground far more efficiently than either Reagan or his daddy did.
 
2004-02-02 11:20:36 AM  
2004-02-02 11:07:48 AM [steele]
It doesn't matter, he'll still get re-elected. He could've proposed burning the Consitution, invading Poland, and killed a kitten during the State of the Union address and he'd still get re-elected. Why? I don't want to speculate, but it's probably because this country is full of morons.


Sadly, I bet this is what a lot of our left-leaning FARKers will be writing after this election. If you have a better proposal for how a political system should be run, speak up.
 
2004-02-02 11:20:58 AM  
The Republicans would NEVER allow a Democratic President/Congress to spend this kind of money.

I just don't understand how a party that runs on a platform of smaller government and reduced spending can justify this kind of behavior. This is a very liberal spending package. For all the bickering and cross party bad mouthing, they both seem to end up adopting the same policy once in office.

Meh. I'm voting Libertarian in 04.
 
2004-02-02 11:21:10 AM  
JPN

Hey, you must be one of those morons [steele] was talking about. How neat for you!

Look, I love my country, I really do. I just can't sit by and watch the Bush administration take every thing that is good about this country and sodomize it.

How could you?

~B~
 
2004-02-02 11:21:29 AM  
Rayonic:

Shut up. Education is good, unless you want a stupid population (republicans).

Go Bush. Way to take the EPA out of commission. Yeah, they're way less important than frickin marriage benefits, a 300 bil a year military and rich people.


Peace.
 
2004-02-02 11:23:04 AM  
Ah, is there ever a shortage of morons with wrong ideas screaming "The rich pay too much tax!"

Your country is being raped with huge spending and your rights being curtailed.

I would stay and argue, but I'm so sick of hearing the same wrongheaded, shortsighted ideas day after day. You idiots will reap what you sow. You'll all see. Can't say idiots like setaanbomb won't deserve what they'll get.
 
2004-02-02 11:23:17 AM  
Yeah, and I heard Ted Kennedy say the bill was anti-Farker too. Would anyone support GWB's spending plan then?

The simple fact is these numbers are not even the true cost of the whole proposed budget. What's left out is the cost of the war ongoing in Iraq and Afghanistan. Why would the administration leave out those figures?

Hmmmm.....could it be they are lying again?
 
2004-02-02 11:24:35 AM  
dingiswayo: haters only care about the size of the figure, not its proporation to the past.

"Holy crap, my credit bill is double. What will I do?"
"Holy crap, my salary doubled. What will I do?"

Common sense is the most expensive ideal ever.
 
2004-02-02 11:24:46 AM  
BrotherMaynard

It is my understanding that 66% of the National Debt is borrowed from US citizens in the forms of Bonds. The remaining 34% (or $1.46 trillion) is owned by foreign companies or goverments. Japan is currently the largest foreign holder, with Mainland China being the second largest holder. (TREASURY SECURITIES)


So we owe the money to ourselves? That doesn't really make sense to me... I mean, we've got bonds, which is money the government owes us, and then we've got the national debt, which is money we have to pay. Isn't the money for the bonds coming out of our own pocket? Can't the government just say "hey, let's just declare the national debt null and void", and start everything over at zero?

As far as foreign countries that we owe money to, what if we just told them we weren't going to pay them? I'm sure they'd biatch and moan for a bit, but really, what are they gonna do? Besides, if America was suddenly out of debt, wouldn't that help the global economy? Can't Japan and the others suck it up and take one for the greater good?
 
2004-02-02 11:24:53 AM  
various expansionist misadventures.

And the tag on his toe read: death by misadventure
Aint that some way to go? death by misadventure

From Death by Misadventure by John Hiatt.

Shower shave and defecate
This white rabbit's running late
I bid you all a fond ado
Except for you, yeah that means YOU!

;-)
 
2004-02-02 11:25:20 AM  
Will a real President please stand up?

No, no, not you gomer, go back to Texas.
 
2004-02-02 11:25:40 AM  
Why does everbody say they are moving to Canada if things get terrible in America? fark Canada, go to Belize or something. Try to get a tan while you are renouncing your citizenship.
 
2004-02-02 11:27:01 AM  
a sizable 13.2 percent increase that the administration forecasts will occur from growing tax receipts powered by a stronger economy."

So basically they're saying that the economy will grow 13% this year???
 
2004-02-02 11:27:41 AM  
Alexis, no we can't. Please take some economics classes at school next semester and get back to us. Null & void - that was a good one.
 
2004-02-02 11:28:07 AM  
Brandito: What's bad about spending more on healthcare for seniors, education for our children and better weapons for our soldiers?

The rabid Bush hatred is entirely nonsensical. The Congress is to blame for the spending. As voters we need to STFU, stop crying, and support candidates that ARE FISCALLY conservative and not because they say they are.

Follow your congressman's voting record for spending proposals. If your guy was a spend crazy asshole they FIRE HIM with your vote. Cry all day about Bush, but he can only sign what the Congress sends to him.
 
2004-02-02 11:28:19 AM  
setaanbomb

Dude?

I really hoped your link would have worked. I thought maybe it might have something to do with how quick I am in the ol'sack.

http://www.branditoin30seconds.com - more like in and out in 30 seconds.

"WHO TOLD YOU!?!"
 
2004-02-02 11:28:57 AM  
worldcitizen's point is that the economy is strong and that bush actually did a good job of it. this is encouraging news.

No, that's not my point. That is the point of the Bush Administration. They say it every time they get the chance. So, they can in no way, shape, or form legitimately use a bad economy as an excuse for deficit spending. So the whole, "Clinton only had surpluses because he didn't have a recession" argument falls completely flat on its face if you buy the Bush line on the strength of the economy.

That was not my opinion of the economy but Bush's opinion.
 
2004-02-02 11:29:32 AM  
PUFTAS said:
Rayonic:

Shut up. Education is good, unless you want a stupid population (republicans).

Ahem. I very much approve of publicly-funded education. I'd just rather see it reformed, so that all the huge sums of money we're throwing at it don't go to waste. We actually have one of the best-funded public education systems in the world, don'tchaknow.
 
2004-02-02 11:30:40 AM  
ANY BUT BUSH IN 2004
 
2004-02-02 11:30:45 AM  
Ok... I'll say it. Vote Dean. He is the only candidate who wants to repeal ALL of the Bush tax cuts. He is the only candidate who actually has balanced a budget. And he is the only candidate who will take the unpopular positions necessary to get the government's budget back under control. Kerry won't do shiat even if he can beat Bush.
 
2004-02-02 11:31:07 AM  
Heh...whatever it takes to finally Christianize America.
 
2004-02-02 11:32:22 AM  
sroth said:
Yeah, and I heard Ted Kennedy say the bill was anti-Farker too. Would anyone support GWB's spending plan then?

Furthermore, its anti-boobie and anti-kitten, at the same time!

...sigh, will anyone save our poor budget?
 
2004-02-02 11:32:31 AM  
KyngNothing: No, that 13% is the forecasted increase in Tax Revenue.
 
2004-02-02 11:32:59 AM  
setaanbomb
Budget Surplus doesn't mean shiat when 10% of your workforce is unemployed, the waiting period for a routine physical is 60 days and macro-economic growth is non-existent.

60 days, eh? I think you've been given a bum steer from your ministery of propaganda...

My wife just called our pediatrician and got a 12:30 appointment for our son.
You people never cease to amaze me.
 
2004-02-02 11:33:13 AM  
Wow, those Republican patriots are certainly fiscally responsible, especially when they're playing fast and loose with your tax dollars.

Ever notice how the parts of the country that generate all the wealth happen to be the liberal leaning parts of the country? So why is it that the states most needing support from the fed are the ones who scream the most about state's rights and fiscal conservativism.
 
2004-02-02 11:33:15 AM  
Yes, you have to love the lower class/working/middle class white guys who scream for the right of the wealthy to pay no more a percentage of taxes than they pay. You can almost hear the wealthy laughing their asses off at them. And the "Thanks, suckers" once they regain their breath. I know if I was wealthy I'd certainly be doing exactly that.
 
2004-02-02 11:34:21 AM  
Aren't Republicans supposed to shrink government? They haven't in 75 years. As someone how beieves that small government made this country great; so basically my choice between Dems and Reps comes to who I think will expand the government to a lesser degree. Bush has just pushed me to the Liberatarian party.
 
2004-02-02 11:34:35 AM  
"We actually have one of the best-funded public education systems in the world, don'tchaknow."

Understatement of the century. The nation as a whole spends about 700 billion on education annually.
 
2004-02-02 11:35:27 AM  
HotWingConspiracy
Why does everbody say they are moving to Canada if things get terrible in America? fark Canada, go to Belize or something. Try to get a tan while you are renouncing your citizenship.

We're working on that!
http://www.cbc.ca/news/indepth/background/turksandcaicos.html
 
2004-02-02 11:35:59 AM  
Go Bush! Dig that hole baby!
 
2004-02-02 11:36:28 AM  
And that, WorldCitizen, is why you are not.
 
2004-02-02 11:37:43 AM  
never odd or even: The race for the Executive as a third party is meaningless with a Congress made up of the same Democrats and Republicans. These seats don't often change hands, but if they were you may actually see some changes in Washington.

Third parties have to make headway in the Congress before they even remotely have a shot at the Executive.
 
2004-02-02 11:39:29 AM  
setaanbomb

I personally don't think there's a thing wrong with helping our the elderly with their medical. I just want some of that pie too when I get to be that age. The way things are going, that might not happen.

I don't think spending a little money on our military is a bad thing either. But in all reality, should we go further in debt? There are things that our government could do to allocate dollars aplenty to our service men and women that wouldn't force the tax payers any more money. Here's an idea...Decriminalize drugs. The War on Drugs obviously isn't working. Think about all the money we could move from this program into our military, or healthcare. All I'm saying is that all it would take for us to get back on the right path is some creative governing by our elected officials. I don't want to pay for Bush's budget. Why can't we put some of that money we're wasting on other crap to some good use?

~B~
 
2004-02-02 11:39:29 AM  
setaanbomb,

You obviously have no idea how this system works. The president proposes a budget to Congress. This $2.4 trillion budget was written by the Bush Administration, and Congress has been giving him whatever he wants. Albiet, Congress will probably make this budget even bigger once everyone throws in their district's pet project, but most of this irresponsible spending is Bush policy.
 
2004-02-02 11:40:02 AM  
Pablo_Roo

Alexis, no we can't. Please take some economics classes at school next semester and get back to us. Null & void - that was a good one.


Yeah, you're right, I probably oughta do that. I'd probably understand the situation a little better. About the debt, though, I'm serious... what if whoever ran the treasury or whatever got a list of all the people we owe money to and sent them a letter saying, "Yeah, you know that money we owe you? Well, you're not getting it. Ever. --Best Regards, The Government"? I mean, there's nothing actually physically or logistically stopping us from doing that. What would the consequences be, and how would they compare to whatever positive results being out of debt would bring? After all, the entire money system is a totally artificial constuct and follows whatever rules we define for it.
 
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