U.S. deficit running at twice last year’s
Federal spending also rising at faster pace than last year. BUSH/CONGRESS STOP THE SPENDING! Can we afford Iraq?
MSN-The federal budget deficit is running at a pace that is more than double last year’s imbalance through the first four months of the budget year.
In its monthly review of the government’s finances, the Treasury Department said Tuesday that the budget was in surplus in January, but the deficit totals $87.7 billion so far this budget year, double the $42.2 billion imbalance recorded during the same period in 2007. The new budget year started last Oct. 1.
The Bush administration sent its final budget request to Congress last week, projecting that the deficit for all of 2008 will total $410 billion, very close to the all-time high in dollar terms of $413 billion in 2004.
The White House wants a $1.4 billion stimulus/national security package…for Mexico
By Michelle Malkin
The plan is called “The Merida Initiative.” Seems that the White House has had this plan in the works for nearly a year with little congressional input on either side of the border.
We can’t finish our own border fence, properly supply our immigration agents and border patrol with all the equipment and resources they need, or get our house in order. Yet, the Bush administration wants to fork over $1.4 billion to Mexico and Central America–with much of it going into the hands of corrupt law enforcement officials and government bureaucrats who have worked tirelessly to undermine our immigration laws. The funding is tucked into the 2008 supplemental budget.
Michelle Malkin
How much you want to bet McCain supports this as well as Democrats?
When Obama, Clinton and McCain Decisively Agreed
By Terence Jeffrey
One thing Barack Obama, Hillary Clinton and John McCain all have in common is that they voted to give retroactive Social Security benefits to illegal aliens who committed document fraud.
Indeed, McCain voted for it before he was against it.
Town Hall
Why worry about a deficit. We have three good candidates running who know a lot about deficits. They help create them. We will be electing experts in deficit spending.
quote:
Why Your Credit Card Now Charges 30 Percent
The Federal Reserve keeps trimming interest rates. But credit card costs are soaring.
Some major banks are doubling their rates for credit cards to nearly 30 percent — even for good customers.
Experts tell MoneyNews that U.S. banks, wounded by subprime mortgage losses, are scrambling for ways to make new revenues, fast.
Money News
Now, if you are paying “double” on your minimum payment, how is that going to help the “spending” the government is trying to “stimulate.” The $600 will probably go for another “minimum payment.”
If that turns out to be the case, paying down credit card debt, we will have borrowed from foreign sources, another $150 billion to pay down credit cards and who gets that money then? The poor? The middle class or does it go to the financial institutions paying multi-million dollar bonuses.
It is not somebody deserving a bonus I object to but, really, do these people charging 30% interest because of bad business policies (who gets credit cards) deserve a bonus?
The Economist recently ran an article that reported on a poll showing that Republican’ts are generally happier than Democrats.
The responding letter to the editor seems to fit this post.
To paraphrase,
“One would expect Republican’ts to be happier than Democrats for the same reason that a dog is happier than its owner.
Neither can even conceive of cleaning up its own mess.”
In a way that is true. Miserable dogs usually have miserable owners and happy dogs have happy owners. I have seen many dogs that soon as their master comes near they shake and hang their heads like the victims they are and beg for hand-outs.
Having had many happy dogs on our farm, they ran free, hunted, caught their own game, guarded the home and welcomed the sight of us.
I can see why Christians too, would be happier since they are raised under a “Master” that has their best interests at the forefront constantly. Being used to being “servants” to God, they can easily be servants to their other owner, society, where they try to do the best the can to serve their family, community and nation.
Many in the Democratic party are happy too, who serve God and have God as their owner and “Master.” But, many who seek more and more from government aren’t happy because there is always something more they think they should get from it.
Many in the GOP are unhappy too. They too, want government to provide more and more whether it is subsidies, grants, spending on their projects, etc.
Over all, as a nation, we are about to become a lot more miserable because both parties have lost their way and are asking for more and more from government and will never be satisfied no matter how much government gives them. Now that government is running out of ways to fund all the spending and debt is consuming the individual, city and state, the Federal government may soon find its 1/2 trillion interest payments too high as they try to increase spending for the increasing demands of citizens.
But, some people who do have God as a “Master” will be still be happy and living contently even if the nation is in the middle of a depression. They will have a network of friends to share burdens with, savings and investments, low debt, and living within their means. They will have skills they can use “to get by on.” They will learn new skills and won’t have to depend on government as much as others.
Being a “slave” or “servant” or “owned” isn’t bad. It is good if the “Master” is God. If it is a political party or government, it is bad. If you are looking for government to get you through, meet your needs, make life fair, especially the Federal government instead of state and local, then you are going to be disappointed. Even most state and local governments aren’t going to be able to “make life fair.” That is the job of individuals in how they treat each other and though they use state and local government, the responsibility still has to lie with the individual.
One more time . . .
At the end of 1999, America’s 280.8 million people each owed $20,140 on our Federal debt.
Today, our 303.8 million each owe $32,473 . . . 61.2% more in just eight years.