50 DAYS SINCE DEFICITS 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?...

The US trade deficit for February hit a recored 61.04 in February.Like Frankensteins monster,the free trade at any cost deficits are now out of control. Nothing the *administration does seems to do any good.

http://ap.tbo.com/ap/breaking/MGBIDBM3G7E.html

The stock market plunges. Is this the beginning of the end for the Bushco insane economic policies?


April 20th, the dow drops another hundred points.

[NVMojo]

1. People are not getting the urgency cuz Bush doesn't act like there is a

problem as he spends, spends, spends!!!

[RDANGELO]

2. and the MSM ignores it.

I guess they will until millions of people are out of their jobs.

[ltfranklin]

3. Don't worry...

The benefits of those tax cuts are going to kick in ANY day now. Yep, the economy shall soon rise again! Right? Right?

[ProfessorGAC]

4. Wrong!

A paper i published in 1992 (JUSE, 3Q02) spelled it out mathematically based upon decades of macroeconomic data from multiple capitalist/democratic systems.

The concept of deficit spending has always been intended to be short term, emergent, and nothing else. The idea of lowering taxes and then engaging in pseudo-emergency spending is prima facie unsustainalbe, and if Greenspan had the intellect of my pets, he would not have taken this long to figure it out.

He's a harlot who's interested solely in what's good for Al Greenspan.
The Professor

[indepat]

5. By returning an incumbant to office, the people ratified insane policies

in totum, be they economic, pre-emptive war, et al.