Mr Lesko and his guides to Govt Grants does not address the point of this Blog. Our problem is not grants it is Govt Operations 487 Billion, Defense including the Iraq war 525 Billion, the interest of about 350 billion, Medicade of 194 Billion, other including military and Govt pensions of another 337 Billion.
My point is not his use of drugs but his total lack of achievements. He is an example of how anyone in America can be president so long as you have the right father.
If the government is EXPENDING 1 Trillion in grants, where does it show up in the Federal Expendatures? I suspect that Trillion dollars is a projection of the possible grants if everyone received every possible grant. Any payments from grants would show in the federal disbursements! If the Fed were paying Americans $1 Trillion in grants each year, the deficit would be $1.5 Trillion each year.
That is BS. Show me what you would cut to produce $675 Billion per year ! I agree we should cut the Pork which has been estimeted at 25-30Billion. Cuts in Medicade, education, Veteran benefits, border guards, help to the poor for home heating are not acceptable cuts. Neither are cuts in Social Security or Medicare. If you believe cuts in these social and retirement/health care programs would fly with the vast majority of Americans, you live in a drea
My surprise is how more than half the voters in America do not understand this!
President Bush has been understating the size of the Federal defict. He has been using two main distortions to accomplich this lie. First, he understates the cost of the War. Bush included 35 Billion on a line called "Proposed Supplemental" when he knows the costs per year are more then $80 Billion. That is a $50 Billion dollar understatement. The second m
I agree the drug use was a long time ago. It is a shame that today Bush can not come clean about what he did in the past. My problem is that given the resume of George W. Bush that was factual under another name, that person, given his accomplishments, might be the asst mgr of a 7/11. Two DWI Convictions Drug Use Lack luster college record (How does one get into Harvard with a "C" average?) Used Family influence to get int
I know that if you add Social Security and Medicare that both have a surplus to the Federal Budget that hs a large deficit, the result is that you reduce the Federal Budget deficit. It is called adding and subtracting-- Simple Math! I also know it is not being streight with the taxpayers! If George Bush had to certrify the Federal Budget results each year the way corporate CEO's are required to do under a law he had supported, he would be in violatio
Are you brain dead? Yes the study was completed by the associate director and a research associate of the Center For Economic Ane Policy Research using the data from CBO. They used the Unified Budget and removed Social Security and Medicare revenue and expenses to isolate the federal budget Revenue and expenses. That shows the actual federal deficit in 2003 was $600 Billion not $400 Billion as reported. Anyone who can not understand when you combin
I tried to add the link but it did not add it. Why?
I just used the URL and found the site; tTry www.cepr.net/real_budget.htm Use the "underline" between real and budget.
drmiler Go to the actual study. The Center For Economic And Policy Research sight the CBO data. The site is: http://www.cepr.net/real_budget.htm
drmiler my blog site is "Bush Truth" Yes, there are a lot of things going on that do not have anything to do with Bush. However, his actions, as our President, have a profound impact on your life and on my life. His policies, actions and statements have an impact all over the world. The source of the data used by the Center For Economic And Policy Research is the Congressional Budget Office.
What I do is uncover the truth. This is 100 % fact!. It is you that says that it is Bush bashing. I dare you to show that this accounting trick is not happening! If President Bush had to certify the financial statements of the Federal Budget like the law requires for corporate CEO's, he would be in violation of the law. Too bad that law does not cover the nations CEO! The reference is http://www.cepr.net/real_budget.htm
The final budget deception is that even the President’s projected deficit of $10 Trillion by 2008 is understated by trillions of dollars. The reason the actual deficit is understated is because the budget deficit is calculated using an accounting trick called the “Unified Budget”. The unified budget combines the Federal Budget with Social Security and Medicar
gideon MacLeish How did you determine that $8,500 per person is too high? Yes there is about $25 Billion of pork in the Federal budget which is the highest it has ever been . Why do the Republicans not remove it. They have control of Congress and the White House. Remove it and we are still about $450 Billion in the red!
I agree projections are not often correct. Bush projected a $5.7 Trillion surplus in 2001. How do you deal with reality. Debt 1980 $909 Billion Debt today $7.6 Trillion Interest paid by American taxpayers in 1980 $90 Billion Interest paid by American taxpayers in 2004 $313 Billion
The ecoinomic results of the 1990's clearly show that tax rates on the wealthy can be restored to the pre 2001 levels without creating negative results. That would go a long way to help balance the budget. The deficit is so great that there is no acceptable (to the vast majority) cuts that will balance the budget. That is reality!
Eastern Diamondback You ask an interesting question about Iran. I would not employ nuclear weapons, with the possible exception of a bunker busting type. I would consider conventional strike or a bunker busting nuclear weapon to destroy nuclear stockpiles or nuclear facilities. At the same time, we need to try and perfect the laser air born weapons system to eliminate any attemped strike aginst the United States. We need to prevent the importation of a nuclear weapon into the U
Daiwa First, 40% goes out of the united states. Much of the interest held by Americans is paid to high income Americans and does not return to the demand side. Poor people and middle income Americans do not hold a lot of the debt. The interest on the debt comes off the top and will take the general fund money needed for Social Security, Medicare, education and defense. It is not a doomsday scenario it is not a sound fiscal policy. The Fed
ProgressiveUSA The total interest last year paid on the $7.4 trillion national debt was $321.566 Billion. The reason is was so low is that interest rates are at a 46 year low. The OMB projection has the national debt at 9.994 trillion by 2008 and 11.114 trillion by 2010 . The historic interest rate paid on the national debt by the treasury is 5.1%. We could see the annual interest that American taxpayers will be shelling out by 2010 as hi
Daiwa I believe there are jobs that have been created that escape the BLS data. Many have been created because the existing companies have not expanded their employees. The household survey is a more comprehensive measure of the total jobs but there is no evidence that the creation of small business jobs has added anything close to 5 million new full time jobs. In addition, small business, especially new small businesses hire part time pe
drmiler There needs to be increased demand and a company must believe they can only meet that added demand by increasing their labor force. What we have sceen is that increases in productivity have occurred which has enabled companins to increase production without adding jobs. Without jobs the ability of the new workers to purchase goods and services does not take place. The unemployment data is not reportring the fact that job growth has NOT kept up with population growth. Th
Federal policies on taxes, federal spending and interest rates do have a big impact on jobs . The tax and spending policies is responsible for the deficit. Thus policies that would be more effective in stimulating jobs, not just corporate profits and productivity, would add jobs. This is one of the first economic recoveries that has not produced enough new jobs to keep up with population growth. The fiscal policy of cutting tax revenue while increasin
Kobrano I think you are correct. Thye Bush policies are designed to help some faction that supports him and the conservatives. If Bush converts Social Security, many Americans could be harmed and the cost will add to our debt. The place for individual equity accounts is over and above Social Security!
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