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#1
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posted to rec.boats
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$17 billion is less than one half of 1% of the entire $3.55 trillion
FY10 budget. Interest costs will be over $172 billion for FY10, or ten times what the administration is proposing to save. $17 billion is about 2% of the $787 billion stimulus bill passed on February. $17 billion is less than 5% of the interest expense created by the stimulus bill. Legislation signed by President Obama has added $422 billion to FY2010 deficit, about 25 times the FY2010 savings proposed in this budget. The Federal government has already provided up to $173.4 billion in financial assistance to AIG, or ten times what the administration is proposing to cut from the budget. The Federal government has already provided almost $36 billion in TARP aid to the auto industry, or twice what he administration is proposing to cut from the budget. Since President Obama has taken office, total U.S. debt has increased by over $600 billion. $17 billion is less than 3% of new debt created during this administration’s first 105 days. Agencies reported improper payment estimates of $72 billion for fiscal year 2008 for a select group of programs. This represents about 4 percent of the $1.8 trillion of reported outlays for the related programs. |
#2
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posted to rec.boats
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On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports
wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. |
#3
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posted to rec.boats
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jps wrote:
On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. Would you explain how deficits that were created by pelosi's democrats and their pork barrel stimulus package and a budget that has more pie in the sky project is President Bushes fault? You will be blaming President Bush when you are standing in the unemployment line because obama required the the automakers to close the facility where you worked. |
#4
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posted to rec.boats
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Keith Nuttle wrote:
jps wrote: On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. Would you explain how deficits that were created by pelosi's democrats and their pork barrel stimulus package and a budget that has more pie in the sky project is President Bushes fault? You will be blaming President Bush when you are standing in the unemployment line because obama required the the automakers to close the facility where you worked. It's perfectly reasonable to blame Bush for the sinkhole we are in now. |
#5
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posted to rec.boats
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On Thu, 07 May 2009 18:07:15 -0400, Keith Nuttle
wrote: jps wrote: On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. Would you explain how deficits that were created by pelosi's democrats and their pork barrel stimulus package and a budget that has more pie in the sky project is President Bushes fault? You will be blaming President Bush when you are standing in the unemployment line because obama required the the automakers to close the facility where you worked. I'm a corporate officer and not covered by unemployment. I think Pelosi should get to ask for 6 more months about 10 times before you even start asking those questions. |
#6
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posted to rec.boats
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![]() On 7-May-2009, jps wrote: Bush's economy and keeping two wars off the books didn't help. Bush was, is and always will be an idiot, but he was also a soft belly pandering ass kisser. The U.S. economy is trashed by 1) the filthy government putting trade agreements into place allowing dumping into the U.S. while preventing exports to those same countries dumping, and 2) you losers buying the crap. It is nearly impossible to buy any functional product in the U.S. any more unless it is from a commercial or industrial supplier. Bush was a worm, as was the preceding jackass AND the current jackass for not explaining that to the ignorant masses. Multiply that by "Americans" not caring, and you have a 3rd world country. That status is evident everywhere you look. Well, 98% of the places you look. Might as well quit bitching and adapt. You're screwed for the long term. |
#7
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posted to rec.boats
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![]() "jps" wrote in message ... On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. This is Obama spending. Bush is long gone. Or the democratic leaches going into self denial over this? Obama is bankrupting the USA. Not only has debt grown, government prints/creates it for it's operations. 1/2 the reason the markets have been good in the last month is inflation, not any real gain. |
#8
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posted to rec.boats
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![]() "HK" wrote in message m... Keith Nuttle wrote: jps wrote: On Thu, 07 May 2009 14:47:34 -0400, Tom Francis - SWSports wrote: $17 billion is less than one half of 1% of the entire $3.55 trillion FY10 budget. Bush's economy and keeping two wars off the books didn't help. Would you explain how deficits that were created by pelosi's democrats and their pork barrel stimulus package and a budget that has more pie in the sky project is President Bushes fault? You will be blaming President Bush when you are standing in the unemployment line because obama required the the automakers to close the facility where you worked. It's perfectly reasonable to blame Bush for the sinkhole we are in now. And other than playing big spender with a big pork budget, what is he doing for all of America? Taxing more? The whopper deficit will have to be paid, or has the government decided to do a GM? |
#9
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posted to rec.boats
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![]() "Steve" wrote in message ... On 7-May-2009, jps wrote: Bush's economy and keeping two wars off the books didn't help. Bush was, is and always will be an idiot, but he was also a soft belly pandering ass kisser. The U.S. economy is trashed by 1) the filthy government putting trade agreements into place allowing dumping into the U.S. while preventing exports to those same countries dumping, and 2) you losers buying the crap. It is nearly impossible to buy any functional product in the U.S. any more unless it is from a commercial or industrial supplier. Bush was a worm, as was the preceding jackass AND the current jackass for not explaining that to the ignorant masses. Multiply that by "Americans" not caring, and you have a 3rd world country. That status is evident everywhere you look. Well, 98% of the places you look. Might as well quit bitching and adapt. You're screwed for the long term. Actually, is it worth giving a crap any more? I mean seriously? Even if things get better, Obama is just going to play robbing hood with the tax system. USA can kiss financial liberty away for what is going on now. As most people don't realize government is the biggest defunct debter out there. |
#10
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posted to rec.boats
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On Thu, 7 May 2009 23:59:47 GMT, "Steve"
wrote: On 7-May-2009, jps wrote: Bush's economy and keeping two wars off the books didn't help. Bush was, is and always will be an idiot, but he was also a soft belly pandering ass kisser. The U.S. economy is trashed by 1) the filthy government putting trade agreements into place allowing dumping into the U.S. while preventing exports to those same countries dumping, and 2) you losers buying the crap. It is nearly impossible to buy any functional product in the U.S. any more unless it is from a commercial or industrial supplier. Bush was a worm, as was the preceding jackass AND the current jackass for not explaining that to the ignorant masses. Multiply that by "Americans" not caring, and you have a 3rd world country. That status is evident everywhere you look. Well, 98% of the places you look. Might as well quit bitching and adapt. You're screwed for the long term. I don't think the current jackass rates as highly on the jackass scale when compared to the two previous. No need to review Bush. Clinton did a lot of pandering to the global economic interests. When you're riding high on an inflated market -- and taxes are rolling in from short term profits on short term thinking, a lot of water can move under the bridge while the few who understand the net effect are drowned out by the irrational, foolish masses. We've undercut our own industries, work force and failed to make the investments in our own country. We've failed to incent companies to keep their workforces here (or disincent them from moving their labor elsewhere). We haven't made education a priority. It's pretty depressing but I'd rather think about what can be done than wallow in pity. |
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