WASHINGTON -- The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue.
The administration wants to keep some of the unspent funds available for emergencies, but is considering setting aside a chunk for debt reduction, according to people familiar with the matter. It is also expected to lower the projected long-term cost of the program -- the amount it expects to lose -- to as little as $200 billion from $341 billion estimated in August.
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U.S. ran deficit of $176 billion in October
Government begins fiscal 2010 with 13th straight monthly deficit
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I am so full of evidence of the obivious, I think have become somewhat desensitized. Where is my outrage? Where?
ReplyDeleteIt is absorbed by the hive collective of lemmings that surround you daily.
ReplyDeleteWe all should use debt to pay debt!!
ReplyDeleteDon't worry. In 6 months or so you will notice your butthole bleeding from all the stimulis shoved up your bum. When bread is $50 loaf, you will be outraged, it just hasnt hit hard yet.
ReplyDeletehas anyone here seen the video iron mountain report? it is 2 1/2 hour documentary about the study conducted from 1961-63 regarding creating a world without war; they stated their objectives and plan implementation back then te video shows al gore brinig in a fictitious enviromental threat as well as universal health care as pilllars to collapse the us and enslave the world. yesterdays plan is todays headlines we are in the last days wake up more than liberty is at stake!
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