White House projects record deficit for 2009

#1
OrangeEmpire

OrangeEmpire

The White Debonair
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#1
White House projects record deficit for 2009 - CNN.com

The deficit would amount to roughly 3.5 percent of the nation's $14 trillion economy.
The official pointed to a faltering economy and the bipartisan $170 billion stimulus package that passed earlier this year for the record deficit.
The fiscal year begins October 1, 2008.
The federal deficit is the difference between what the government spends and what it takes in from taxes and other revenue sources. The government must borrow money to make up the difference.
The official spoke on the condition of anonymity because the official is not authorized to speak publicly ahead of an official briefing later Monday by Office of Management and Budget Director Jim Nussle.
President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year.
The Bush administration has spent heavily on the wars in Iraq and Afghanistan, and faces a large budget shortfall in tax revenue because of Bush's tax cuts and a souring economy.
But the senior administration official says the budgetary problems stem from what is believed to be inadequate defense, intelligence and homeland security resources that were handed down from President Bill Clinton.
The nonpartisan Congressional Budget Office in March projected the deficit for the 2008 fiscal year, which ends September 30, would be $396 billion. It predicted the 2009 deficit to be $342 billion, if the president's proposals were adopted
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God Bless Government!

Thoughts?
 
#8
#8
emainvol said:
I bought about 458 dollars worth of liquor with mine, did that not help the economy?
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surprisingly no...i know i'm as shocked as you are. I seriously spend a couple of grand on Skoal every year. you would think that would help out tremendously
 
#15
#15
emainvol said:
Depends on what your definition of run of the mill is, a lot of Maker's Manhattans, Jack and Seven's, Terrapin Rye Ale, Hendricks Gin and Tonics, and Jagerbombs
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Always been a fan myself. I use to hang around a bunch of bouncers and bartenders in the Nashville area. They would make me some very interesting drinks. I think the most original name for a drink I ever had was a "Gorilla Fart", couldn't tell you what was in it.
 
#18
#18
emainvol said:
Depends on what your definition of run of the mill is, a lot of Maker's Manhattans, Jack and Seven's, Terrapin Rye Ale, Hendricks Gin and Tonics, and Jagerbombs
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Which one?

The traditional (pint of beer with a dropped shot of Jager)

or

New School (Red bull with center shot of Jager separated until downing the shot)
 
#24
#24
this sets up the very unpleasant thought of what will happen to emain if the Obamassiah is elected.
 
#25
#25
MG1968 said:
this sets up the very unpleasant thought of what will happen to emain if the Obamassiah is elected.
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:eek:lol:

I am having an election night party, complete with Obamabombs. As long as I lay off the whiskey I should be fine.
 
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