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  • Obama, Republicans gear up for bruising U.S. budget fight

    From reuters.com

    Another dramatic showdown between Republicans and the White House over federal spending looks inevitable this fall, with scary talk of government shutdowns and default on government debt. While Capitol Hill analysts are not predicting catastrophe, they have several reasons to worry that the conflict just weeks away could be even worse than usual. The timing is particularly bad, they say, because the political climate in Washington is unusually frayed by a host of tangential issues not present in previous battles. Obama and Congress face two fiscal deadlines in quick succession. They must agree by October 1 on a ... (full story)

Only took this dude 5 years to create a useless budget. I guess when you like to spend trillions a year like it's nickels you are reluctant to want to budget.
When the facts change I change my mind, what do you do sir
The next meme begins to take shape. How is the USA national debt, has it been breached yet? I've lost track tbh. Glad some folk keep up to date...

http://www.usdebtclock.org/
BHO has created a budget before. Last one failed in the Democrat controlled Senate 99-0. Some might think that means it was a sham. The rest are fools.
Quoting Squeeze
The next meme begins to take shape. How is the USA national debt, has it been breached yet? I've lost track tbh. Glad some folk keep up to date...

http://www.usdebtclock.org/
Just take a look at (unfunded) liability per taxpayer(social security, medicare, fed.retirement funds) etc. --> $1,100,000 !. Unfunded liabilities do not show up in the deficit, if they would the deficit would be approximately be 5 trillion. But that would be very inconvenient.

America good luck and keep believing Europe is far worse !
One benefit the USA has bequeathed is excellent military terminology to sum up their perfect storm of economic incompetence and ruination; FUBAR, SNAFU and clusterfuck...

Quoting funske
Just take a look at (unfunded) liability per taxpayer(social security, medicare, fed.retirement funds) etc. --> $1,100,000 !. Unfunded liabilities do not show up in the deficit, if they would the deficit would be approximately be 5 trillion. But that would be very inconvenient.

America good luck and keep believing Europe is far worse !
The dems need to keep spending to prop up this bulls%*t U.S. economy and the entitlements so they can tell the American people how good things are in 2016 and get Hillary elected.
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  • Posted: Jul 26, 2013 7:10am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 6  /  Views: 1,632