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2010-02-01 Economy
White House to paint grim fiscal picture
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Posted by Steve White 2010-02-01 00:00|| || Front Page|| [11131 views ]  Top

#1 Arugula prices become totally unreasonable?
Posted by g(r)omgoru 2010-02-01 00:17||   2010-02-01 00:17|| Front Page Top

#2 Wehell, iff CNBC + FOX this AM is any measure, POTUS BAMMER + ADMIN is going to have another struggling week agz the Econo-Perts, GOP + DEM + CENTER.
Posted by JosephMendiola 2010-02-01 01:13||   2010-02-01 01:13|| Front Page Top

#3 why cant he just own up to it : He is the Manchurian Candidate and he'stotally fuqued US, as in US-a. thanks ,....guy
Posted by 746 2010-02-01 01:24||   2010-02-01 01:24|| Front Page Top

#4 Obama used his State of the Union address last week to tell Americans he would dig the country out of a "massive fiscal hole."

"You will dig. I will direct you where to pile it."

1.35 trillion deficit, and he's gonna fix it by cutting 30 billion. The man is fiscally ignorant.

Time to start planning on how to impeach this guy before he kills the country.
Posted by KBK 2010-02-01 01:38||   2010-02-01 01:38|| Front Page Top

#5 Clown.
Posted by lex 2010-02-01 02:29||   2010-02-01 02:29|| Front Page Top

#6 Deficits are expected to rise again toward the end of the decade due to the increasing cost of retirement and healthcare programs as the "baby boom" generation retires.

Well we'll just have to move to a 'needs based' social security and healthcare scheme. If you already have a pension, IRA, or 401k.... you've NO NEED for social security or medicare. [sarc off]
Posted by Besoeker 2010-02-01 02:51||   2010-02-01 02:51|| Front Page Top

#7 Besoeker - when I started paying social security in I was sure it'd be gone by 2015, but lately, I had been thinking I might actually see it.

House appreciation, social security, and 401k - a three-legged stool. Now, the first of those is gone, and the second certainly possible to go away, as you suggested. I sure hope the 401k comes back!
Posted by Bobby 2010-02-01 06:00||   2010-02-01 06:00|| Front Page Top

#8 "For the Love of Money" Yeah Nostalgia ----- It's the Carter years all over again! Hold on kids you ain't seen nothin yet.

Zero and his crowd had a year to "own the problem" did they do it ? NO! - Its Bush's fault. F-U ... The Dems have been in control of the finances since they won the Congress in 2006. They have F-d around for 4 years. No progress, just gets worse.

Zero, you were right, it is time for a change; dismiss as many Dems from the Congress as we can in 2010 and put the adults back in charge.
Posted by Slager Fleans1500 2010-02-01 07:07||   2010-02-01 07:07|| Front Page Top

#9 There is money in there to 'bailout' some 25 States.
Posted by Tom- Pa 2010-02-01 07:11||   2010-02-01 07:11|| Front Page Top

#10 
It's not a mistake, it's intentional.

http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy
Posted by Parabellum 2010-02-01 07:26|| http://sidemeat.wordpress.com/  2010-02-01 07:26|| Front Page Top

#11 Precisely #10. As we all now know, "reparations do not go far enough."
Posted by Besoeker 2010-02-01 07:29||   2010-02-01 07:29|| Front Page Top

#12  I sure hope the 401k comes back! See, he promised you 'hope' and now you have it!
Posted by Anguper Hupomosing9418 2010-02-01 13:11||   2010-02-01 13:11|| Front Page Top

#13 From what I've heard this incredible growing deficit is being CONSTRAINED by revenue increase shown in the budget from a massive infusion of new tax money from cap-n-trade.

If that doesn't pass (and I don't think it will, thank God) then the deficit will be even bigger!!

At this rate this dspicable moron will have increased our debt in 2 years by 4 times over the amount the 'pubs did in the 12 years they ran congress.
Posted by AlanC 2010-02-01 15:51||   2010-02-01 15:51|| Front Page Top

#14 Boy howdy! It looks like we will all need to be on khat to accept this fiscal insanity.
Posted by Alaska Paul 2010-02-01 16:17||   2010-02-01 16:17|| Front Page Top

#15 Borrow your way out of debt...

Why didn't anyone think of that before?
Posted by Bright Pebbles 2010-02-01 16:55||   2010-02-01 16:55|| Front Page Top

#16 I think it highly likely there will a cascading sovereign debt crisis by Christmas.

Arguably it's already started with the interest countries like Greece have to pay to sell debt rising rapidly. Making their deficits grow even faster.

Go long treasuries and bonds but make sure you get out when the defaults start.
Posted by phil_b 2010-02-01 17:48||   2010-02-01 17:48|| Front Page Top

#17 White House to cause grim fiscal picture

Fixed it for ya.
Posted by DMFD 2010-02-01 19:25||   2010-02-01 19:25|| Front Page Top

#18 QUIT SPENDING, YOU IDIOTS!
Posted by Barbara Skolaut  2010-02-01 19:31||   2010-02-01 19:31|| Front Page Top

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