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2012-10-19 Economy
B.O. spent $11 for every $7 revenue
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Posted by Fred 2012-10-19 00:00|| E-Mail|| Front Page|| [6463 views ]  Top

#1 No worries, ObamaCare will cover all types of treatments and procedures.

Posted by Besoeker 2012-10-19 02:13||   2012-10-19 02:13|| Front Page Top

#2 That link in #1 reminded me of how old-time physicians diagnosed diabetes mellitus - before there were any expensive lab tests.
Posted by Anguper Hupomosing9418 2012-10-19 11:16||   2012-10-19 11:16|| Front Page Top

#3 Obama's plan -

1. Spend everything anyone will lend you.

2. Declare Sharia. Outlaw interest.

3. Inflate the currency and pay back the principal only at 1,000th of the value.

Posted by Iblis 2012-10-19 11:17||   2012-10-19 11:17|| Front Page Top

#4 Spending $11 bucks for every $7 revenue? That is the essence of Champ's economic problems? Better also take a look at the deficit too, the impact of future commitments, and the growth of entitlements, welfare, and the interest on the debt. Taxmageddon hits in January and ObamaCare in 2014. All those people who voted for the "O" better take another look at the cost of voting for him. There is no free stuff only the shuffling around of who pays the bill. We cannot afford the economy we have.
Posted by JohnQC 2012-10-19 11:44||   2012-10-19 11:44|| Front Page Top

#5 B.O. spent $11 for every $7 revenue

..but he's been making it up in volume. Just ask Timothy Geithner or Ben Bernanke.
Posted by Procopius2k 2012-10-19 11:45||   2012-10-19 11:45|| Front Page Top

#6 a look at the deficit too, the impact of future commitments, and the growth of entitlements, welfare, and the interest on the debt
All of that is part of spending $11 for every $7 received in revenue, these issues are one and the same.
Solving US financial profligacy is very much like achieving 'victory' in Afghanistan -- no easy way out and there will be a great deal of kicking, screaming and foot-dragging no matter what is done or who has to do it.
Posted by Anguper Hupomosing9418 2012-10-19 11:59||   2012-10-19 11:59|| Front Page Top

#7 ...I'd recommend a phased withdraw. Working backward from calendar [last in, first out], start eliminating federal agencies that have come in being till you reach a point where income matches outlays.
Posted by Procopius2k 2012-10-19 17:28||   2012-10-19 17:28|| Front Page Top

#8 Start with firing the bunny inspectors and the Dept. of Education SWAT teams.
Posted by Anguper Hupomosing9418 2012-10-19 18:48||   2012-10-19 18:48|| Front Page Top

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