There comes a time when…. you are that far in debt that no new projects, cutbacks MUST occur in the Government, there are essential parts of the government that must be there but the excess….  they must be cut.  NOW NEW PROJECTS, means NO HEALTH  CARE, NO CAP & TRADE, NO TAKE OVER OF ANY MORE INDUSTRIES WHATSOEVER! 

WASHINGTON (Reuters) – The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

This is especially bothersome when you keep hearing the Democrats keep spending more money and more money and have to have this and have to have this it is imperitave we get this done excuses.  The Democrats are the most irresponsible bunch of people I have ever in my life seen.  They don’t seem to understand if you have 99 cents you can’t spend $2.50 when you only have 99 cents.  The math does not add up and never will.  It doesn’t add up in my budget, it doesn’t add up in any business budget.  This is basic common sense.

 

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to Obama’s opponents, who say his spending plans are too expensive in light of budget shortfalls.

This means no new projects when you have shortfalls.  Someone with some brains can you get this stopped or are we going under because we have an inexperienced irresponsible man as President and the idiots in the Congress that have no common sense or the brains God gave them.  Yes I mean both branches of government.  You don’t have a clue!  WAKE UP!  Smell the coffee and do not even dare blame it on anyone else but yourselves, as long as you choose to blame George Bush for your irresponsible spending, then it won’t stop and you will be buried under trying to explain the TRUTH TO THE PEOPLE AS TO HOW YOU STOLE FROM THE PEOPLE for you own greed and need to be elected again.  Well let me tell you!  You won’t be elected again.  I don’t see you making changes because your priorities are so misplaced.  And you wonder why the majority of Americans are disgusted with you and wish you would just throw your hands up and resign your peositions.  Please do that because you are in over your head and have no idea how to get out.  Quit talking to ACORN and all affiliates, they are going to bury you, I think you care more about those organizations that you do the people of the United States and I am very very disgusted with you all!  Don’t try to throw the heat onto someone else, we are on to your game, you had your opportunity to the do the right thing and you did not do it.  SHAME ON YOU! 

 

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

 

“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.

You can’t see the people are suffering and screaming from the rooftops that the SPENDING NEEDS TO STOP!  This is and has been going on for months.  You had your chance in the short 7 months, most companies when they have a bunch of clueless idiots working in this manner, do you know what they do?  They fire you!  If we could void your contract and begin again, we would absolutely do that, because you all are the greediest, self centered bunch of idiots I have ever seen.  You want to call the people terrorists, if that makes you feel better and makes it seem it is my fault, that will be to your detriment in the future.  You want to blame let’s see who all you have blamed,  George Bush, Republicans, Right Wing Extremists, Auto Companies, Banks, Mortgage Companies, Astroturf, oh yea and the people are misinformed, no we are not.  We are the most informed public in history.  We have read the bills, we have paid attention and researched to find out just what is going on and no we are none of those things.  You want to be a bully, then fine but again that will do you no good because we have your number and are on to your games.  You can’t pull the wool over our eyes anymore, We are not stupid.  We gave you a chance and you blew it.  No more, No more spending, no more new projects, cutbacks in government for nonessential departments need to go.  If you want to know, why don’t you ask us what we need and don’t need, and don’t get your Acorn buddies to tell you what to do because you are illegally representing the wrong group of people, you are to represent THE PEOPLE, NOT ORGANIZATIONS, NOT GROUPS, NOT FOREIGN BODIES, NOT TERRORISTS, NOT EACH OTHER no one but the PEOPLE!

 

“Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out.”

 

The White House budget office will also lower its deficit forecast for this fiscal year, which ends September 30, to $1.58 trillion from $1.84 trillion next week after removing $250 billion set aside for bank bailouts.

 

Record-breaking deficits have raised concerns about America’s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.

 

Politically, the deficit has been an albatross for Obama, a Democrat who is pushing forward with plans to overhaul the U.S. healthcare industry — an initiative that could cost up to $1 trillion over 10 years — and other promises, including reforming education and how the country handles energy.

You know the more I think about this, I think Obama is truly trying to destroy America.  Why else would he continue on this path?  Who in their right mind would do such a thing other than someone who has a plan to destroy America because so far I have not heard one thing he likes about this place.  Why did you all not listen to the words he was saying when he was out trying to get elected.  He told you what he was going to do, but you didn’t listen.  He looked presidential.  What does that mean?  It doesn’t matter if he looks like a dog or a lizard, or whatever as long as he has a clue as to what he has to do in the manner that was important to the financial stability of this country.  He is more concerned with being buddies with everyone and staying in the white house to do his job but no he has to spend millions of dollars jetting around the world.  STAY IN YOUR OFFICE AND FIGURE OUT WHAT YOU SHOULD DO because what you are doing IS NOT WORKING!   Oh yea…. return every single dollar of unspent money to the taxpayer pronto.  ACORN money needs to be returned.  I do not want my tax money going to any organization and as for Foreign countries feeding those people, DON’T, We need it here.  America comes first. Get your priorities straight! 

DEFICIT WORRIES

 

Republicans have pounced on Obama for planning to spend too much when deficits are so high, and the issue is likely to loom large in next year’s Congressional elections.

 

Obama, who has promised to halve the deficit by the end of his four-year term and likes to remind constituents he inherited a $1.3 trillion deficit from former President George W. Bush, says bringing down healthcare costs is critical to long-term deficit reduction.

I call that a LIE!   The deficit and the spending of the OBAMA ADMINISTRATION HAS SPENT MORE THAN ALL THE PRESIDENTS COMBINED FROM GEORGE WASHINGTON TO GEORGE BUSH, that was and is IRRESPONSIBLE.  You can not tell me that George Bush spent that kind of money, he did not, oh he might have had to spend more money on that war that you and your cronies hated but you know George Bush didn’t spend near as much in 8 years as you did in 7 MONTHS!  So no don’t give me that garbage that George Bush left you a mess.  Quit being a crybaby and live up to your responsibilities as the people responsible for 300 million plus people.  If you CAN’T do it…. THEN RESIGN!

 

Treasury markets have been worried all year about the mounting deficit. The United States relies on large foreign buyers such as China and Japan to cheaply finance its debt, and they may demand higher interest rates if they begin to doubt that the government can control its deficits.

 

“It’s one of those underlying pieces of news that is liable to haunt the bond market at some point in the future,” said Kim Rupert, managing director of global fixed income analysis at Action Economics LLC in San Francisco, referring to the revised 10-year deficit projection.

 

Many economists think it is unlikely the government can curtail spending, which means taxes would have to go up to cover the rising costs of providing retirement and healthcare benefits to aging Americans.

 

Higher taxes, which could slow economic growth, are also a major concern of voters on both sides of the political divide. Obama has promised not to raise taxes on Americans making less than $250,000 a year.