Your tax dollars at work

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Originally posted by: drmilled
The "real" official stance of both Democrats and Republicans is they really don't give a damn about the ever increasing deficit because they are only there for the money and power afforded their position, the future be dammed.

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Originally posted by: BobOrme
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
SENATOR BARACK HUSSEIN OBAMA, MARCH 2006

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Originally posted by: BobOrme
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
SENATOR BARACK HUSSEIN OBAMA, MARCH 2006

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Originally posted by: jatki99
...I've also heard the O say on more than one occasion he's not gonna negotiate every time the debt ceiling issue comes up, he's simply not. HUH! How many F'n times does he plan on raising it between now and before he's finally gone? Does he wanna go actually try and double down and see if he can hit twice the GDP?

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Originally posted by: jatki99
That was how many trillions ago? roughly half of where we're at now..and climbing.

I've also heard the O say on more than one occasion he's not gonna negotiate every time the debt ceiling issue comes up, he's simply not. HUH! How many F'n times does he plan on raising it between now and before he's finally gone? Does he wanna go actually try and double down and see if he can hit twice the GDP?

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Originally posted by: hoops2
The GAO’s most recent report on the government’s consolidated financial statements identified major flaws in federal accounting that “(1) hamper the federal government’s ability to reliably report a significant portion of its assets, liabilities, costs, and other related information; (2) affect the federal government’s ability to reliably measure the full cost, as well as the financial and nonfinancial performance of certain programs and activities; (3) impair the federal government’s ability to adequately safeguard significant assets and properly record various transactions; and (4) hinder the federal government from having reliable financial information to operate in an efficient and effective manner.”

Translated from the bureaucratese, the GAO said the federal government can’t account for its assets or debts, doesn’t know what it owns, is unable to track accurately what it buys, has no idea if most of its programs work and can’t provide taxpayers with creditable data about its financial condition. If GAO was talking about a Fortune 500 company instead of the federal government, the Department of Justice and the Securities and Exchange Commission would be filing criminal and civil charges against the CEO and numerous other top executives.

There is no comfort for Obama from the non-partisan Congressional Budget Office, either. In its 2012 budget projections, CBO warned of "a growing imbalance between revenues and non-interest spending, combined with the spiraling cost of net interest, [that] would swiftly push debt upward in an unsustainable way.” The CBO added that “the explosive path of federal debt ... underscores the need for major changes in current policies to put the nation on a sustainable fiscal course."

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Originally posted by: Chilcoot

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Originally posted by: jatki99
That was how many trillions ago? roughly half of where we're at now..and climbing.

I've also heard the O say on more than one occasion he's not gonna negotiate every time the debt ceiling issue comes up, he's simply not. HUH! How many F'n times does he plan on raising it between now and before he's finally gone? Does he wanna go actually try and double down and see if he can hit twice the GDP?

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Maybe you could set an example by finally getting a job and helping pay for all the government benefits Americans have purchased for you.

Or is that too much fiscal responsibility for you?



Chez jatki99

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