Going through old FiredUp Missouri blogposts is always painful, but sometimes you come up with some real gems. There was a time when Roy Temple was posting where he complained about the deficit.
From the Democratic Leadership Council to your ears:
With these vastly more realistic assumptions, Lemieux calculates that the budget deficit will reach a cool half-trillion next year, and will total $6.1 trillion a decade from now, or an alarming five percent of the gross domestic product. The national debt, which we were seriously talking about retiring altogether towards the end of the Clinton administration, would reach $10 trillion a decade hence. At that point, annual debt service alone would be $526 billion, considerably more than today's defense budget. And then, mind you, things would really start to get down and dirty due to the retirement of the baby boom generation, and the massive new Social Security and Medicare costs that phenomenon will entail. Indeed, according to Lemieux, on the Bush administration's present trajectory, deficits will rise from 6 percent of GDP in 2015 to 12 percent by 2025, while the national debt will grow from 60 percent of GDP to 120 percent by 2025.
It's very important for Democrats and responsible Republicans to start talking about these numbers in a simple and vivid way as part of the evaluation of the Bush administration's stewardship of the national budget and the national economy in 2004. These folks are on a reckless path in which our nation's solvency, the vibrancy of our national economy, the ability of government to provide for the common defense and other common needs, and the opportunities to be enjoyed by future generations, are all being sacrificed to a monomaniacal determination to cut taxes on the wealthy without the courage to cut spending to make ends meet.
A couple of things. The deficit this year could actually reach $2 trillion dollars. The long term Obama budgets include trillion dollar deficits that are only cut in half with 4-5% growth. And the promised net spending cut has been replaced by trillion dollar stimulus, cap and trade, and union, and healthcare proposals that are pitched as job creators, even when 2 million jobs have been lost since that stimulus was passed.
The internet does way back folks. It's time we start digging up what these lying hacks have been pushing. If there was concern from the Democrats in 2003, why is there no true action now when they hold the House, Senate, and White House? Does it make any sense? Are they really this stupid, this blind to what is happening? I'm almost afraid to answer that.
I beg to differ that nothing is happening. This administration has been working hard and hit the ground running right from Day 1. Of course it will cost money to reverse the trend and it will take time to reach the goal. Instead of going into depression, the market is still there.
Evelyn Guzman
http://www.debtchallenges.com (If you want to visit, just click but if it doesn’t work, copy and paste it onto your browser.)
Posted by: Evelyn Guzman | 07/04/2009 at 06:04 AM