Tuesday, July 07, 2009
Thursday, June 11, 2009
RE(3): Monthly Treasury Statement
And, yes, without the FY2007 war supplimental we were looking at a deficit of about $70 Billion. You can see the DOD splurge on receiving the supplimental.
And, the total cost of the war has been about $100 Billion/year. A cost President Obama has elected to continue.
And, Bush had a role in the FY2009 bloat. But had nothing to do with the 'Emergency Stimulus Bill ($860 Billion) nor any of the other 'emergency' spending that occured after January 19th (more auto and bank bailouts). He is responsible for TARP - which never was completely obligated (and will not be) and is now being paid back (at least in part). Will President Obama's 'Stimulus' be paid back. Nope. Splitting the blame will actually be fairly simple. Bush - TARP. Obama - Everything else. We will, however, have to wait till someone breaks it down. We have to wait to see if the banks are stupid enough to keep enslaving themselves via TARP bailout cash. I think it is clear they are staying far far away from the TARP Baby.
And, at what point in the Bush Presidency was there ANY talk of defaulting on Treasury debt or inflating our way out of paying it?
And, the evil BusHitler warned us in 2000 and 2004 that Social Security was heading into the red by 2008/09. And, yup, it shore is bubbas.
Saturday, March 07, 2009
Just a note, just a note...
The numbers for President Bush are actual. The numbers for President Obama are projected. The Bush numbers include any money spent during his administration for the war and TARP.
|President Bush||President Obama|
|2001/09/30||$ -127,165||2009/09/30||$ 1,750,000|
|Totals:||$ 2,002,079||Totals:||$ 1,750,000|
President Obama has just authorized running a single year deficit that is 82% of President Bush's entire deficit accrued over eight years as President. President Bush did not play a part in the $840 Billion dollar Spendulus bill. President Bush did not play a part in the $410 Billion dollar Son of Spenulus. President Bush has not played a part in spending anything since President Obama gained control of the government.
Who is a better steward of the citizens contributions toward our Federal government???
President Obama, this thing is yours...
Sunday, February 08, 2009
Re(2): Monthly Treasury Statement FY2009
I hate to break this to everybody, but BusHitler was right regarding Social Security. He campaigned on changing it in 2000 and 2004. He stated that FY2009 would be the year Social Secuirity revenue would be exceeded by Social Security expenditures.
That moron hit it on the mark.
Last fiscal year Social Security revenue/expenses were about even:
- Revenue: 658,045
- Expenditures: 657,799
This years projection, not so good:
- Revenue: 682,373
- Expenditures: 699,976
Folks, this is the first year that the government doesn't get to incorporate a Social Security surplus into its revenue stream to buy 'Bridges to Nowhere'!!!
Obviously, with unemployment being 7.6% rather than 4.6% the revenue from payroll taxes will reduce - but that was NOT incorporated into the projections!!! So it will be worse!!!
And, now President Obama wants to spend more money - with comments that it is the spending that counts, not judicious spending. Just spending.
Finally, BusHitler was right. The long term benefits of compounding interest investment requires a long term. He figured eight years. Then prayed four years would be enough. Bubbas, we gave him nothing (and, noting todays stock market collapse if you just watched your investments rather than moved them, nothing might have been for the best!!!).
Now, President Obama is six inches into the hole - a hole he probably knew nothing about. He was talking about Hope and Change. The time for small, incremental change is over!!! I Hope he can come up with a new financial Change that is not a killer!!!
Folks, we punched ourselved in the face.