Whatever happened to balanced budgets?
1997 was the last time the Federal Government balanced its budget. This occured under President Clinton and a Republican controlled Congress.
When President Bush entered office, he actually inherited a budget surplus for the first time in decades. However, he quickly ran up huge budget deficits and doubled the national debt over eight years. During his tenure, Republicans controlled Congress for six years, while Democrats controlled Congress for two years.
Now, the non-partisan Congressional Budget Office (CBO) projects President Obama will preside over even bigger budget deficits and double the national debt in just five years. And through at least 2010, Democrats will also control the Congress.
So, since 1997, whether it’s the Republicans or the Democrats, they’re simply not getting the job done. America, the buck stops with us. Ultimately, it’s up to us to hold them accountable.
rem said:
US ran a budget surplus of .5 trillion 1998-2001. This is an example of Washington slight of hand.
how can you have a budget surplus when national debt was up by 400 Trillion per year?
answer
Social security Ponzi scheme. Government takes surplus revenues from social security, spends it,counts it towards general revenue and issues an IOU.
the mess were in is the result in incest between Washington and Wall St.
who sits on the board of the Fed Reserve.
The bankers that the Fed reserve is supposed to regulate. Washington is more interested in protecting their turf than regulating things.
You cant have political campaigns receiving money from Wall St. Even Obama's campaign took money from AIG.
what outrageous about AIG is the bonuses was a surprise. wheres the due diligence. how do you even know they needed 180 billion.
what a mess.
obama didnt even know what percentage of GDP came from financial'.
“I think its around 40% and thats a problem…” its more like 70% …how do I know that and he doesnt?
anyways im Canadian. if it makes you feel better were getting shafted by our government here too.
Good luck with you cause.
March 29th, 2009 at 5:28 pm
Tammy said:
Has anyone seen heard the broadcasts by Dr. Bob Basso calling for a million man march? He's saying that the Tea Parties are just the beginning and we should use them to take back the country. Obama supposedly got mad at this and called him up and told him he wanted to see him at the White House to discuss his “disturbing videos”. The Jerry Doyle Show was interviewing Dr. Basso and then they got a call telling them not to tell the public about it!
The twitter alert comes from http://grou.ps/zapem
The videos are on Youtube originally. WOW!!! Where the heck is the media??? Rick, can you please get on this???
March 30th, 2009 at 4:53 am