Image: Budget Deficit Tops $1 Trillion For 1st Time
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First buzzed by: Spiritgirl

Budget Deficit Tops $1 Trillion For 1st Time

Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. » Full Story on CBS13
WV

Just the beginning.

posted Jul 13, 2009 |
+18
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9MM

it's ok
obuma said he would spend it wisely
that was a stroke of genius the way he spent it, wasnt it?

posted Jul 13, 2009 |
+13
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Feds Plot to Make Foreign
Bank Accounts Illegal

For American investors worried about the safety of U.S. banks, it will soon be too late to seek an alternative.

That’s because the new Democrat-controlled Congress has plans to make it virtually illegal for an American citizen to open a bank account in another country—even for legitimate business purposes.

It’s already very difficult. Many foreign banks no longer will do business with Americans due to the onerous reporting requirements of the U.S. Patriot Act.

Led by Michigan Senator Carl Levin, the Democrats believe foreign bank accounts allow ex-pats and others to avoid income taxes—at least $100 billion worth—and they are determined to collect it. In March 2009, Levin proposed new draconian rules to make it almost impossible for a U.S. citizen to open foreign bank accounts.

posted Jul 13, 2009 |
+16
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Bush was even for the bailouts.And he started these mess.Obama will go down in history as the most spending president.Bush will go down as the president with the most defecit in history.I think bush got us in this mess and it will take a long time to get out of it.

posted Jul 13, 2009 |
-19
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The Democrats are putting chains of debt on all of us. Obama is planning to add $1.8 Trillion to the national debt in 2009. This is unconstitutional!

Capitalism (Republicans) = power to the people

Socialism (Democrats) = power to the government

Our founding fathers wanted only a very small central government. They would NOT have liked Democrats very much.

“A government big enough to give you everything you want, is strong enough to take everything you have.” --Thomas Jefferson

posted Jul 13, 2009 |
+18
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The Democrats believe, "never let a crises go to waste." Here comes another Stimulus I am sure, because they want more Pork.

We will fall under a "World Bank," they will control all our income, borrowing, etc. I am certain our country will go bankrupt and a new currency will be issued. Just like Germany right after Hitler. We probably will get 25cents for every $. Who knows. I do not trust our Government.

posted Jul 13, 2009 |
+15
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Ladies and gentlemen, welcome to the United Socialist States of America. Our comrade Democrats in Washington are going to tax us all to death to pay for this reckless spending. Our founding fathers would have absolutely hated this. Oh yeah. Change we can believe in. Not. I don't know about you guys, but this is not change that I, personally, can believe in. I have no faith in Obama whatsoever.

posted Jul 13, 2009 |
+10
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s*** this is the cheap end of the DEAL

posted Jul 13, 2009 |
+6
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PD

Latest analysis of Sotomayor: http://blog.vdare.com/

Video: Eric Holder Admits–No Equal Protection For Whites, Christians
http://blip.tv/play/AYGQ1R2Pgjo

Reme
mber
the "STIMULUS" package? Guess what?
YouTube - Explosive Video Reich, Obamas economic advisor no "White Male Construction Workers"
Pressured, YouTube pulled the video.
Former Clinton Administration Labor Secretary, Robert B. Reich, Congressman Charles Rangel, (D-NY)
House Ways and Means Committee, January 7th, 2009
THE VIDEO YouTube pulled:
http://www.wntube.net/play.php?vid=1927

posted Jul 13, 2009 |
+9
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Our money has been stolen and even with our stolen money we now have the largest deficit ever. Hitler is doing exactly what we wants-destroying the country he hates while helping out the terrorists that he really works for at Al Qaeda through stealing our money and giving to the terrorists at Citigroup, Hamas, etc.

Stop funding terrorists, cut all the executive traitors and the legislative traitors salaries, and stop funding idiots and criminals. Wow what a novel idea.

posted Jul 13, 2009 |
+9
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It is no longer Democrats verses Republicans. It is us verses them. It is time to get rid of all the traitors who are stealing our money and handing our children, grandchilden, great grandchilden etc the bill.

posted Jul 13, 2009 |
+10
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0buzzard is spending us into slavery. His health care program costs "only" $1 trillion -- and it's money we don't have. His deficits are historic, at least four times the highest Bush deficit.

We have nearly 10% unemployment that's still climbing despite that phony "stimulus" package. Congress has maxed out our country's credit. We've got cap and trade tax and a VAT tax looming on the horizon. They're spending so much money it'll be impossible to pay it back in our lifetime even if the tax rate was doubled.

Bottom line is, our kids and grandkids will be serfs in the new collectivist utopia.

Goodbye liberty. Hello Obamunism.

posted Jul 13, 2009 |
+10
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We're in for one wild ride..............

I hate to see what is coming on..............

posted Jul 13, 2009 |
+10
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Better start telling everyone you know to scream and scream loudly in emails phone calls etc to the senators and congressmen and women and obama before we are ruined any further.

posted Jul 13, 2009 |
+7
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Fear not commrades. Enemy combatant Obama will wave his magic wand and money trees will magically arise across the land. You will get to plant the money trees as part of his gestapo (oops I mean unpaid civilian service corps). Put enemy combatant Obama isn't going to use the money on the money trees, that might actually help the country he hates. Instead he is going to have his gestapo chop them down into pieces of wood and give them to low life home borrowers who don't pay their bills, so they can attack people who have saved up for years to actually buy a home from getting the home that they deserve.

posted Jul 13, 2009 |
+6
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We borrowed more in the last 6 months than in the past 30 years. This year’s deficit is 4 times our highest previous deficit.

Obama wants to control the entire country, private industry, banks, insurance companies, health care, energy. None of this is constitutional. The balance of power has shifted from the people, where it rightfully belongs, to the government. We -- and our kids and grandkids -- are being saddled with trillion dollar deficits.

It's time to sweep out Congress in 2010 and get back to the country our founding fathers envisioned.

posted Jul 13, 2009 |
+6
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NO to massive spending

NO to crippling taxation

NO to borrowing trillions from China

NO to cap and trade based on faulty science

NO to rationed healthcare

NO to socialism and government ownership of private companies and banks

I am a proud member of the party of NO.

posted Jul 13, 2009 |
+8
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Historian

Obama is rushing all these changes so quickly, no one in washington cares about us. How can we stop the cap & trade, the healthcares, the amnesty, the Union and GE and Gore and the likes pulling the strings on every part of our existance.

The rich will be poorer and the poor people aren't going to be better off either. So either way, we all loose and Obama and his thiefs are making this country into a 3rd world country.

the radical Obama-Pelosi-Reid team threatens to fundamentally change America’s role as a country of hope, opportunity, and freedom.

Transparency, Accountability, Fiscal responsibility. In Obamaland, these are proving to be nothing more than words. Case in point: Democratic staffers delayed releasing the final version of the Obama stimulus bill to put it into a format which people cannot "search" on their home computers

posted Jul 13, 2009 |
+6
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Never heard of Fenton Communications? It’s time you did. It’s the powerhouse propaganda machine that helped Moveon.org smear a four-star general, promotes endless environmental scares, does PR for Venezuela’s socialist strongman Hugo Chavez, and brags it can place its left-wing themes in the nation’s leading newspapers. Fenton is connected to the press, liberal lawmakers, pressure groups and trial lawyers -- an Axis of Evil if ever there was one.

posted Jul 13, 2009 |
+6
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But while the activist group claims to represent a growing “green” consensus among churchgoers, it’s anything but Christian. Not only does the EEN take money from pro-abortion, pro-homosexualist foundations, it gravely distorts the concept of Christian stewardship.

Democrats are not only hoping to silence conservative talk-radio hosts like Rush Limbaugh -- they're taking aim at religious broadcasters that stand in the way of a liberal social revolution. Once Obama's appointees gain control of the Federal Communications Commission (FCC), Obama's appointees plan to start filing complaints in order to shut Christian broadcasting down.

posted Jul 13, 2009 |
+6
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another first for barry and his chicago posse. george soros must be very proud

posted Jul 13, 2009 |
+7
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This is only the beginning. We will go bankrupt, and we will be left so weak, we will be controlled by our government. That is the only thing we have in store under Hitler. I can just picture all white people heading for the gas chambers under Obam. He is an arrogant evil beast out to mold this Nation into HIS idea of the kind of America we should be. He is absolutely a maniac in a suit. He is trying very hard to destroy and enslave us.
I wish he would be assasinated. Yes, I said it. He is assasinating America!!!!

posted Jul 13, 2009 |
+3
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Oh shut up Troll. Go do your suck your boyfriends itty bitty. Gay liberal extemists are the scurge of this Nation. Go to leper island, and phuck eachother to your hearts content. Make yourself happy

posted Jul 13, 2009 |
+2
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My butt is REALLY starting to hurt now...

posted Jul 13, 2009 |
+2
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By the end of the year it will be 2 trillion and in ten years it will be close to 12 trillion. Where in the hell is all that money coming from? It can't be us the taxpayer we have none left. Odumba is going to go after big business next and run them all out of the country. Then what is he going to do? The cash cow has officialy died and it's teets were swollen from all the suckling that took place before her demise. God help us all.

posted Jul 14, 2009 |
+5
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All of you who keep saying "Goodbye America" and "it's over" need to realize it isn't until you GIVE UP. That's what these LIBERAL LOSERS want you to do. DON'T! Write, call, and harass them until they can't stand it! I am and I ain't giving up what I've worked hard for without a fight!

posted Jul 14, 2009 |
+1
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Dan

Time to get this guy out of office. Start calling for him to step down.

posted Jul 14, 2009 |
0
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Hey, libs. How's that hopey changey feely thingy goin' for ya?

posted Jul 14, 2009 |
-1
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Yeah try to be unemployed and get ZERO

posted Jul 14, 2009 |
-1
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Joy

300 billion deficit at the end of Bush's term. Bush's 700 billion dollar stimulus and Obama's 780 billion dollar stimulus, what did you expect to happen. It if had not been for both stimuli, we would not have such a large deficit. We can only hope they do not continue to spend without tax revenue to make up the difference. The biggest problem as stated in the article - "the U.S. debt now stands at $11.5 trillion. Interest payments on the debt cost $452 billion last year — the largest federal spending category after Medicare-Medicaid, Social Security and defense." One can only hope that if there is a government health plan, it means that Medicare and Medicaid can be drastically cut freeing up federal and state funds and the billions spent on the uninsured. The government collects about 2 trillion in taxes each year and the governments should never spend more than we collect and put some aside to pay off the national debt.

posted Jul 14, 2009 |
0
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