Thanks for the good conversation. I still believe a lot of the money spent is being wasted on pet projects - pork barrel spending - that Obama said he would not allow. I am very concerned, too, about the money promised to Brazil for their off-shore drilling. This does not make sense to me, but I guess it should since George Soros has tremendous holdings in the company that will benefit from this drilling. Any comments on this?
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Obama admin's parting gift: 9 trillion in additional debt
- Thread starter 30ashopper
- Start date
Beach Runner
beats on hood
Obama's parting gift? Dear SBJ, is he planning on resigning already in the manner that the trail was blazed by Palin? Joe Biden -- my theory is that he is in early stages of dementia as evidenced by his frontal lobe not being able to filter out what he should not say. Don't want him as Pres. Then there's Plastic Surgery Victim Pelosi. OMC -- not her as President, unless she rules that every female gets a discount on designer bags, shoes, and aesthetic plastic surgery.
Who's next? Michelle Obama? Coolio with the style. Jeez, she wasn't wearing Daisy Dukes. Give a woman with a brain and in shape a break.
Who's next? Michelle Obama? Coolio with the style. Jeez, she wasn't wearing Daisy Dukes. Give a woman with a brain and in shape a break.
TooFarTampa
SoWal Insider
I did not know about this. It's kind of interesting, but I say if the Brazillian government (govt owns more than half of Petrobras) wants to drill off their own coast and reap both the benefits AND deal with the environmental consequences, they can choose to do this. However at this point I have no desire to see our beaches suffer for the benefit of U.S. private companies ... we need to put this off as long as possible. Our beaches are among the most beautiful in the world!
Can you imagine what would happen to Florida's economy if all of a sudden on the Gulf coast, people started tracking tar balls into their hotel rooms?
As for the U.S. involvement, the Import-Export Bank is loaning money to U.S. companies to compete for the job, which of course would create American jobs and benefits.
Ex-Im defends Brazil loan - Ben Smith - POLITICO.com
30ashopper
SoWal Insider
but these numbers aren't just during hard times, Obama is projecting that his budget framework will take a loss every year over the next ten. you're still ok with this??
i see it as proof that Obama overpromised during the campaign, he simply can't deliver all the legislation he promised without borrowing trillions to pay for it. i find this unacceptible personally.
Our problem is what do we cut? The major drags on the budget going forward are social security and medicare/medicaid. What the democrats are getting in the town ahll meetings IMHO has less to do with healthcare reform and more to do with the threatened cuts to Medicare. For us to get our financial house in order is going to involve a fair amount of pain. The Republicans showed they did not have the political courage to do it when they were in charge and Obama/Pelosi and company have thus far been even weaker.
30ashopper
SoWal Insider
Something tells me that if they really wanted to find something to cut, the target list would be very long... Was the government spending enough in 1995? Let's start by taking spending levels back to where we were then.
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snowman
Beach Lover
In other cultures, they don't call it overpromised, but a word that roughly translates to , "lied"
30A Skunkape
Skunky
Look for mandatory spending to continue at a brisk uptick as no politician dare talk about peeling away some social security and medicare dollars.
