Government posts biggest monthly deficit ever

Discussion in 'The Back Room' started by BuckeyeT, Mar 7, 2011.

  1. BuckeyeT

    BuckeyeT Well-Known Member

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    To put things in perspective, every single month the federal government spends approx $1 thousand dollars over and above what it takes in for every man, woman and child in the country and has to borrow a like amount from willing investors to fund its operations.....and the biggest budget expenditures - entitlements - are growing much more rapidly than all the rest.....can the term "unsustainable" get any more obvious and yet the President's budget was silent on entitlements and Congress can't find their way to address more than a mere fraction of the shortfall.....

    http://www.washingtontimes.com/news/2011/mar/7/government-posts-biggest-monthly-deficit-ever/
     
  2. George Krebs

    George Krebs Well-Known Member

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    Obama is doing one hell of a job, isn't he. :lol:
     
  3. BuckeyeT

    BuckeyeT Well-Known Member

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    One of the biggest issues I have with his presidency to date is the complete lack of leadership exhibited thus far.....during the credit crisis he outsourced the "stimulus" package to Pelosi and her ilk and ended up with one of the greatest budget debacles in our nation's history....not stimulus, but pork-filled bloating of every federal agency created....

    Facing massive, record-setting structural deficits unsustainable by any measure, he formed a bi-partisan deficit reduction commission to develop recommendations to reduce the deficit......they did their work, developed their conclusions and delivered their report at the request of the President. His budget sent to Congress addressed none of it.......he punted, on first down. Terrible, terrible leadership......at a time when courageous leadership is vital to advancing the ball....
     
  4. George Krebs

    George Krebs Well-Known Member

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    He's a rank amateur. He had not one thing to recommend him to this office. He was a media creation of cartoonish magnitude. Besides the usual cheerleading of the entertainment industry, he benefitted from the entire mainstream media dropping all pretense of impartiality and openly cheering him on.

    Now we all know the truth. This is easily the worst president in the history of our country.
     
  5. Sid

    Sid Well-Known Member

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    George, I respectfully disagree. Until interest rates hit double digits, the prime rate gets up to the 20s, and we become a wimp country with our hostages held overseas, Jimmy Carter holds that title.
     
  6. gipper

    gipper Well-Known Member

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    Aw, let's just look at this as the second term of the Carter presidency.
     
  7. JO'Co

    JO'Co Well-Known Member

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    re: worst presidents

    - Franklin Pierce
    - James Buchanan
    - Jimmy Carter

    Others receiving votes:
    U.S. Grant, Warren G. Harding, Martin Van Buren, Millard Filmore

    It's difficult to judge a president in mid-term, but Obama definitely needs to hustle if he wants to avoid the first category which is the recognized bottom of the barrel...

    :idea: