Back to politics
DBAsupport.com Forums - Powered by vBulletin
Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Back to politics

  1. #1
    Join Date
    Aug 2002
    Location
    Colorado Springs
    Posts
    5,253

    Back to politics

    So, now that i'm all refreshed, and realising that I don't have to spend the next four years defending govt policies, let me bring to everyone's attention this ... http://slate.msn.com/id/2109203/

    Some choice snippets ...
    If the lame-duck Congress doesn't raise the statutory $7.384 trillion debt limit, which was intentionally breached in October, by Nov. 18, the world's greatest power will run out of cash.

    Congress, with the White House's blessing, left town before the election without dealing with the debt limits—but not before passing an appalling, special-interest-written, corporate tax bill that will deprive the government of more than $100 billion in future revenues. That double irresponsibility—the lousy tax bill and the ignored debt limit—was a fitting end to the past four years of essentially one-party rule.
    ...
    A Republican Congress working with a Republican president created the massive new Medicare prescription-drug entitlement, passed a new, subsidy-crammed farm bill, committed hundreds of billions of dollars to war efforts, and loaded up on pork-barrel spending. Meanwhile, taxes were reduced—on wage earners, investors, and companies. The end result: We collected about the same amount of taxes in fiscal 2004 as we did in fiscal 1999. But we spent 34 percent more. The total national debt has risen 30 percent in the past four years.
    ...
    It's only the willingness of the Chinese and Japanese central banks to buy our debt that keeps us afloat.
    ...
    And so, while the moral-values crowd may have won, the fiscal orgy in Washington is sure to continue. Given Bush's mandate and his stated desire to fix the Alternative Minimum Tax (a huge tax reduction), make the temporary tax cuts permanent (ditto), and transform Social Seucrity (massive borrowing), his pledge to halve the deficit by 2009 is absurd.
    Would anyone like to guess what the national debt will be in four years time? I'm think somewhere around $9 trillion.
    David Aldridge,
    "The Oracle Sponge"

    Senior Manager, Business Intelligence Development
    XM Satellite Radio
    Washington, DC

    Oracle ACE

  2. #2
    Join Date
    Nov 2000
    Location
    Pittsburgh, PA
    Posts
    4,026
    I don't have to guess, the whitehouse stated that it will be 9.3 trillion in four years. don't worry about paying off the national debt though, I heard that Bush is going to sell off the federal government to the highest bidder. We won't get to vote anymore but we will get free cable tv.
    this space intentionally left blank

  3. #3
    Join Date
    Aug 2002
    Location
    Colorado Springs
    Posts
    5,253
    Originally posted by gandolf989
    I don't have to guess, the whitehouse stated that it will be 9.3 trillion in four years. don't worry about paying off the national debt though, I heard that Bush is going to sell off the federal government to the highest bidder. We won't get to vote anymore but we will get free cable tv.
    They reckon 9.3? Then I'm changing my guess to 12.

    So much for small government.
    David Aldridge,
    "The Oracle Sponge"

    Senior Manager, Business Intelligence Development
    XM Satellite Radio
    Washington, DC

    Oracle ACE

  4. #4
    Join Date
    Nov 2000
    Location
    Pittsburgh, PA
    Posts
    4,026
    Originally posted by slimdave
    They reckon 9.3? Then I'm changing my guess to 12.

    So much for small government.
    If you are interested in small government then run your local school board.
    We have got 4 more years of big government and deficits staring us in the face.
    this space intentionally left blank

  5. #5
    Join Date
    Aug 2003
    Location
    Virginia
    Posts
    392

    Uh huh.....

    We have got 4 more years of big government and deficits staring us in the face.

    Really now, and that differs from anyone in the last, oh I don't know, mmmmmm 70 years!
    Rick

    Sigh.....those were the days my friend, I thought they'd never end.
    I too remember when this place was coo.


  6. #6
    Join Date
    Aug 2002
    Location
    Colorado Springs
    Posts
    5,253

    Re: Uh huh.....

    Originally posted by Alchemy
    We have got 4 more years of big government and deficits staring us in the face.

    Really now, and that differs from anyone in the last, oh I don't know, mmmmmm 70 years!
    Differs from Clinton -- I know "Monica Lewinsky blah blah blah" but at least he could do math.

    As the article I linked to says these aren't tax cuts, they're tax deferments. Someone has to pay eventually.
    David Aldridge,
    "The Oracle Sponge"

    Senior Manager, Business Intelligence Development
    XM Satellite Radio
    Washington, DC

    Oracle ACE

  7. #7
    Join Date
    Nov 2000
    Location
    Pittsburgh, PA
    Posts
    4,026

    !

    Originally posted by slimdave
    Differs from Clinton -- I know "Monica Lewinsky blah blah blah" but at least he could do math.

    As the article I linked to says these aren't tax cuts, they're tax deferments. Someone has to pay eventually.
    And I'm moving to Cayman Islands before the check comes!
    Isn't that where the wealthy hide their money?
    this space intentionally left blank

  8. #8
    Join Date
    Jan 2001
    Posts
    3,131
    I remember when this place was cool.

  9. #9
    Join Date
    Nov 2002
    Location
    Geneva Switzerland
    Posts
    3,142
    Mr.H why involve the Swiss?

  10. #10
    Join Date
    Jan 2001
    Posts
    3,131
    Originally posted by DaPi
    Mr.H why involve the Swiss?


    Better?
    I remember when this place was cool.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Click Here to Expand Forum to Full Width