White House Trims FY 2006 Budget Deficit Forecast to $296 Bln

Discussion in 'Politics, Religion, Social Issues' started by zimv20, Jul 11, 2006.

  1. zimv20 macrumors 601

    zimv20

    Joined:
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    Location:
    toronto
    #1
    bloomberg

    and from daily kos:
    this is gonna hurt come winter.
     
  2. yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #2


    Oh my. This better be the last of the Bushes, because it's clear that they have no clue how to run a country.
     
  3. zimv20 thread starter macrumors 601

    zimv20

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    toronto
  4. AvSRoCkCO1067 macrumors 65816

    AvSRoCkCO1067

    Joined:
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    Location:
    CO
    #4
    ...at least it's decreasing...

    Not that I'm condoning the deficit; being a conservative, I hate deficits just as much as the next guy...

    ...but at least it's decreasing...:eek:
     
  5. yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
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    St. Louis, MO
    #5
    We wouldn't be in a defecit in the first place if Bush had an IQ in the double digits.
     
  6. AvSRoCkCO1067 macrumors 65816

    AvSRoCkCO1067

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    #6
    I'm not disagreeing with you....:confused: ;) :p
     
  7. mactastic macrumors 68040

    mactastic

    Joined:
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    Location:
    Colly-fornia
    #7
    It's actually not decreasing. Bush's economic team came out earlier in the year with numbers so high no one believed them at the time. Why? So that later in the year (closer to the midterms) they could trumpet their "success" at "reducing" the deficit by pointing to the originally over-inflated numbers and crow about how much better than their predictions they were doing. Problem is, their predictions were never meant to accurately reflect reality.

    The deficit is still rising...
     
  8. tristan macrumors 6502a

    Joined:
    Jul 19, 2003
    Location:
    high-rise in beautiful bethesda
    #8
    The US is screwed because interest rates are rising, and we're going to have to refinance our multi-trillion dollar debt over time at these higher interest rates. Imagine borrowing ten trillion dollars at 6% with the knowledge that next year you're going to have to borrow even more...
     
  9. solvs macrumors 603

    solvs

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    Location:
    LaLaLand, CA
    #9
    Um did I read that right? :confused:
     
  10. FFTT macrumors 68030

    FFTT

    Joined:
    Apr 17, 2004
    Location:
    A Stoned Throw From Ground Zero
    #10
    Gee, I wonder what the REAL budget deficit adds up to if you add in the emergency spending bills for the war in Iraq and Afghanistan, the amounts
    borrowed from social security and the black budgets?

    Just a wild guess, but I'll bet it's closer to $1 trillion +/-
     
  11. steamboat26 macrumors 65816

    steamboat26

    Joined:
    May 25, 2006
    Location:
    Arlington VA
    #11
    What a horrible president. That is why i am glad for this merchandise...
    [​IMG]
     
  12. Black&Tan macrumors 6502a

    Black&Tan

    Joined:
    Mar 4, 2004
    #12
    This is just too depressing. I'm going to have to lay off MR Politics soon...
     

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