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Record $482 Billion '09 Deficit Forecast Next President's Options May Be Limited July 29, 2008
"The federal budget deficit will grow to a record $482 billion in the fiscal year that begins in October, the White House said yesterday, driven by war costs, tax rebates, and a slowing economy that will leave the next president little room to fulfill costly campaign promises. White House budget director Jim Nussle said unexpectedly slow economic growth, sharp declines in housing prices and an unanticipated increase in inflation will help drive next year's tide of red ink close to half a trillion dollars, up sharply from February's $407 billion estimate.
"We are not happy about the deficit," Nussle conceded" SOURCE
No kidding.
While everyone looks forward to Senator Biden and Governor Palin's debate on Foreign policy, who really cares? This is not diminish the importance of that debate (She's outmatched and no amount of prep will fix this), but hey - It's the Economy Stupid!
The Governor's convention tirade did little to introduce the American citizens to a workable action plan to address the Nation's most critical need - The Economy. I certainly don't believe the Governor should Command the Military and after the latest unemployment news and the Governor's propensity to leave small budgets with big debts, how in the world will she manage the Big One?
This is the most complex, powerful Economy on the Planet. It isn't driven by Oil revenues, and buoyed by giving folks windfall taxes, or tax rebate gimmicks. It's driven by favorable environments for working class folks and an educated and inspired youth driving innovation and new products to solve our daily needs.
Do you believe the Governor is qualified to lead the US Economy and will tell the citizens the truth about where it's headed?
Both Mc Cain and Palin do not know anything about Economics. I found today that one of Mc Cain's economic advisors is Carly Fiorina. What does Carly Fiorina know about Economics? As far as I know, she was fired from her job as a CEO at HP, absolutely pathetic.
I found today that one of Mc Cain's economic advisors is Carly Fiorina. What does Carly Fiorina know about Economics? As far as I know, she was fired from her job as a CEO at HP, absolutely pathetic.
She knew enough to get a great severance package: $21,000,000.
She's gotta know about how 'regular' people live, right?
Maybe this thread should read: How on Earth will McCain and Obama address this?
No it shouldn't. The Governor has sequestered herself from the media, and a look at her prior record of accomplishments doesn't appear to inspire confidence in her ability to lead on economic issues. The Vice President could be Commander in chief and President and there is nothing to say one should not be examined with a critical eye of their policies, positions and past. Stop tuckering.
Record $482 Billion '09 Deficit Forecast Next President's Options May Be Limited July 29, 2008
"The federal budget deficit will grow to a record $482 billion in the fiscal year that begins in October, the White House said yesterday, driven by war costs, tax rebates, and a slowing economy that will leave the next president little room to fulfill costly campaign promises. White House budget director Jim Nussle said unexpectedly slow economic growth, sharp declines in housing prices and an unanticipated increase in inflation will help drive next year's tide of red ink close to half a trillion dollars, up sharply from February's $407 billion estimate.
"We are not happy about the deficit," Nussle conceded" SOURCE
No kidding.
While everyone looks forward to Senator Biden and Governor Palin's debate on Foreign policy, who really cares? This is not diminish the importance of that debate (She's outmatched and no amount of prep will fix this), but hey - It's the Economy Stupid!
The Governor's convention tirade did little to introduce the American citizens to a workable action plan to address the Nation's most critical need - The Economy. I certainly don't believe the Governor should Command the Military and after the latest unemployment news and the Governor's propensity to leave small budgets with big debts, how in the world will she manage the Big One?
This is the most complex, powerful Economy on the Planet. It isn't driven by Oil revenues, and buoyed by giving folks windfall taxes, or tax rebate gimmicks. It's driven by favorable environments for working class folks and an educated and inspired youth driving innovation and new products to solve our daily needs.
Do you believe the Governor is qualified to lead the US Economy and will tell the citizens the truth about where it's headed?
Yes she is qualified her experience as governor has given her a background in dealing with many people, departments, and budgets. While there is no single answer to fix it she is certainly as or more capable as the rest of the candidates in dealing with it.
"Sam Shields, who lives in the Kuskokwim River town of Bethel, also is among the 610,768 people who are receiving the dividend this year. The state's estimated population is just under 680,000 people.
Shields said the money is desperately needed in his community, where he recently saw a whole chicken selling for $23 at the local grocery store. Gasoline is going for almost $6 a gallon, but that price is expected to reach the $8 mark when the last barge of the season delivers its load of fuel." SOURCE
Wow. This exactly the opposite of what the lower 48 needs from an experienced Governor who claims to be fiscally responsible.
"Sam Shields, who lives in the Kuskokwim River town of Bethel, also is among the 610,768 people who are receiving the dividend this year. The state's estimated population is just under 680,000 people.
Shields said the money is desperately needed in his community, where he recently saw a whole chicken selling for $23 at the local grocery store. Gasoline is going for almost $6 a gallon, but that price is expected to reach the $8 mark when the last barge of the season delivers its load of fuel." SOURCE
Wow. This exactly the opposite of what the lower 48 needs from an experienced Governor who claims to be fiscally responsible.
Wait, the LAST BARGE of oil arrives? Let me think.. supply = none (i.e. last barge) demand = continues.. so I'd say thats about right..
Since you continue to post this statement all over this website, maybe the price of fuel will hit $6 a gallon here if the Democrats get their own way, after all, they are the ones proposing that we stop drilling, and thereby conume our "last gallon" of oil..
What was the price of a chicken before Palin became Governor? Ohh, you dont know, you just decided to repeat something someone else said..
Record $482 Billion '09 Deficit Forecast Next President's Options May Be Limited July 29, 2008
"The federal budget deficit will grow to a record $482 billion in the fiscal year that begins in October, the White House said yesterday, driven by war costs, tax rebates, and a slowing economy that will leave the next president little room to fulfill costly campaign promises. White House budget director Jim Nussle said unexpectedly slow economic growth, sharp declines in housing prices and an unanticipated increase in inflation will help drive next year's tide of red ink close to half a trillion dollars, up sharply from February's $407 billion estimate.
"We are not happy about the deficit," Nussle conceded" SOURCE
No kidding.
While everyone looks forward to Senator Biden and Governor Palin's debate on Foreign policy, who really cares? This is not diminish the importance of that debate (She's outmatched and no amount of prep will fix this), but hey - It's the Economy Stupid!
The Governor's convention tirade did little to introduce the American citizens to a workable action plan to address the Nation's most critical need - The Economy. I certainly don't believe the Governor should Command the Military and after the latest unemployment news and the Governor's propensity to leave small budgets with big debts, how in the world will she manage the Big One?
This is the most complex, powerful Economy on the Planet. It isn't driven by Oil revenues, and buoyed by giving folks windfall taxes, or tax rebate gimmicks. It's driven by favorable environments for working class folks and an educated and inspired youth driving innovation and new products to solve our daily needs.
Do you believe the Governor is qualified to lead the US Economy and will tell the citizens the truth about where it's headed?
We know how Obama will handle it
LOUSY!!!
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huh?
