Author Topic: Neat budget US!  (Read 1226 times)

Offline crabofix

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Neat budget US!
« on: October 20, 2003, 03:38:25 PM »
US owes 370 billion  dollars for the next budget.

Offline AKWeav

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Neat budget US!
« Reply #1 on: October 20, 2003, 03:43:49 PM »
Pffft! Pocket change.:D

Offline Kieran

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Re: Neat budget US!
« Reply #2 on: October 20, 2003, 03:50:59 PM »
Quote
Originally posted by crabofix
US owes 370 billion  dollars for the next budget.


Dude, you're obsessed.

Really.

Offline Udie

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Neat budget US!
« Reply #3 on: October 20, 2003, 03:54:19 PM »
WTFG Congress!

Offline crabofix

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Re: Re: Neat budget US!
« Reply #4 on: October 20, 2003, 03:55:26 PM »
Quote
Originally posted by Kieran
Dude, you're obsessed.

Really.


Yep, and you´re posessed.

Offline crabofix

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Neat budget US!
« Reply #5 on: October 20, 2003, 03:58:27 PM »
Seriously, I was checking up what My little country Owe, in a total.
It was about 160 billion dollars, thats even more scary concidering the 9 millions that live here.

Offline Toad

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Perspective
« Reply #6 on: October 20, 2003, 04:01:02 PM »


That's in 1990 dollars across the board.

Quote
As you can see, except for a rise at the end of World War II, the Debt remained remarkably constant for nearly forty years when inflationary forces are taken into account. From 1983 on however, the Debt has just been rocketing upwards.

Notice on both graphs above that the Debt is continuing to grow from year to year which means that the United States is still spending more than its taking in.



So your point is we're a debtor nation that continues to spend?

Did you just notice this?
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!

Offline capt. apathy

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Neat budget US!
« Reply #7 on: October 20, 2003, 04:16:17 PM »
the sad part is that the debt we picked up durring the reagan/bush 80's was so much that the surpluses from the clinton years didn't even offset the interest. (as the graph shows the debt increasing even though we had budget surplusses for most of the clinton years)

Offline Udie

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Neat budget US!
« Reply #8 on: October 20, 2003, 04:24:06 PM »
Quote
Originally posted by capt. apathy
the sad part is that the debt we picked up durring the reagan/bush 80's was so much that the surpluses from the clinton years didn't even offset the interest. (as the graph shows the debt increasing even though we had budget surplusses for most of the clinton years)



 Just wondering here.   Everybody always talks about the debt in terms of Presidents.  ie... Reagan/Bush/ Clinton......   Why doesn't anybody ever talk about congress?  Did anybody find it just the least bit currious that the first year we had a Republican controlled congress (House and Senate) in like 30+ years was the first ballanced budget we had in those 30+ years?  Irregaurdless of who was in the white house.

 WTF are we supposed to do when the guys that are supposed to be the fiscaly responsible party and running up the debt too?  Oh yeah,  blame Bush....

Offline AKS\/\/ulfe

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Neat budget US!
« Reply #9 on: October 20, 2003, 04:34:04 PM »
Udie has a point, Congress is responsible for majority of the budget. Sure, a *few* things they don't control - but they control government spending. Last year's budget was late for approval, this meant that a lot of students couldn't be hired on or had to be let go from the federal government in the Washington, DC area.

Each agency or commission in the government has an appointed budget that it either uses all of, or doesn't use all of. It uses all of it, it's budget grows larger for the following year. It doesn't use all of it, the budget gets smaller.

Should see what happens when it comes time to report the budget useage, suddenly expensive brand new things that aren't neccesarily needed start showing up.

Can't really blame it on any single president, since it really all falls back on the entire federal government.
-SW

Offline capt. apathy

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Neat budget US!
« Reply #10 on: October 20, 2003, 04:51:43 PM »
the president ultimatly signs the laws or not.

as far as who can be blamed for what the cost of our present gulf war should land squarely on bush's shoulders.

Offline Udie

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Neat budget US!
« Reply #11 on: October 20, 2003, 05:03:41 PM »
Quote
Originally posted by capt. apathy

the president ultimatly signs the laws or not.

 Yup which is why they should get some of the credit/blame


as far as who can be blamed for what the cost of our present gulf war should land squarely on bush's shoulders.



 hehehe 80 billion?  160 Billion,  I've honestly forgot how much he's asked for the war in Iraq.  The whole debt is something like 370 billion.  Where's most of the debt coming from?

Offline capt. apathy

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Neat budget US!
« Reply #12 on: October 20, 2003, 05:06:51 PM »
tax cuts for the rich?

Offline Udie

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Neat budget US!
« Reply #13 on: October 20, 2003, 05:08:04 PM »
Quote
Originally posted by capt. apathy
tax cuts for the rich?



:rofl

Offline AKS\/\/ulfe

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Neat budget US!
« Reply #14 on: October 20, 2003, 05:10:42 PM »
The budget is not a law.
-SW