38 DAYS SINCE DEIFICITS DECLARED UNSUSTAINABLE

[RDANGELO]

On March 2nd, Federal Reserve Chairman Alan Greenspan declared that the current deficits were unsustainable. He also stated that the cost of making ****'s tax cuts permanent would add 1,8 trillion dollars to the federal debt. To this date , **** and the republican congress have proposed nothing substantial to reduce the deficits.
Currently , the cost of the operations in Iraq are not being included in the budget. The cost of this is estimated at 207 Bil. by the end of this fiscal year. Also off the budget is the cost of transition for ****'s Social Security privatization plan ,which is estimated at 104.5 bil. for the first year and 2.2 trill over the decade.

Running these deficits has resulted in the US compiling 7 trillion dollars of debt. This means that as our country produces wealth,we have to use some of that wealth to pay off the debt instead of create jobs or provide for services.

The **** propaganda machine has portrayed him as strong and resolute leader, but the only people he has asked to make sacrifices in Iraq are the men and women he has ordered to put their lives on the line.If he believed the operation in Iraq is as important to the future of our country and the world as he says it is , he ought to have the guts to ask the American people to pay for it instead of wrecking our economic future buy running up the national debt.


www.nytimes.com/2005/03/02/business/02cnd-deficit.html?...

[mom cat]

1. And I thought that MY budget was in shambles!

[shimbo]

2. Americans are more concerned

about the Federal Deficit than the mainstream media indicates......


http://www.realmeme.com/miner/republicans.php

[newyawker99]

3. Hi shimbo!!

Welcome to DU!! :toast:

[lonestarnot]

5. Welcome to DU Shimbo and thanks for the link.

[Discord]

4. This should be a BIG platform for the Democrats in '06.

Strike out for the economic conservatives that are unhappy with the US economy and growing deficit. We could take the economic conservatives right out from under the Repukes but coming up with good economic strategies for states that we can unseat Repugs in.

Make it a top platform talk, and use votes made by Repukes in office against them to show their financial irresponsability for what it is.

They created this debt, time to hold them accountable for it at the polling booths.

[lonestarnot]

6. Without a DOUBT! n/t

[lonestarnot]

7. Welcome to DU RDANGELO!

:toast: