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So lemme get this straight.....this is Obamao's idea of a spending freeze?
Introducing the 2011 Budget | The White House
3.8 trillion with a T.
Guy makes Bush seem logical. Its over for the Democrats.:thumbsup:
Wall Street Journal summarizes
U.S. Deficit to Hit All-Time High - WSJ.com
* Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
* Raise taxes on all Americans by more than $2 trillion over the next decade (counting health-care reform and cap-and-trade);
* Raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;
* Borrow 42 cents for each dollar spent in 2010;
* Run a $1.6 trillion deficit in 2010 â?? $143 billion higher than the recession-driven 2009 deficit;
* Leave permanent deficits that top $1 trillion in as late as 2020 â?? a time of assumed peace and prosperity; and
* Double the publicly held national debt to over $18 trillion.
Before the recession, federal spending totaled $24,000 per U.S. household. President Obama would hike it to $36,000 per household by 2020 â?? an inflation-adjusted $12,000-per-household expansion of government. Even the steep tax increases planned for all taxpayers would not finance all of this spending: The presidentâ??s budget would add trillions of dollars in new debt.
This Dude went to Harvard I promise.
so what was the yearly budget for previous years?
Here are a couple graphs I found with a quick search.......they are from the republicans but the #'s are the same
http://www.house.gov/budget_republic...presidents.pdf
damn those some scary numbers for real . i was confused wen that fool says just like american families using budgets, so will the governement, and then comes out wit that crazy trillion number calling that a low budget. I watched state of the union and a some news on the budget, only good thing i heard about the budget was he cutting pointless fundings like NASA.
if you think about 20,000 jobs at NASA is no big deal...well fuck me then. My wife works for a NASA subcontractor....the science people or anyone with a degree will be fine....its the assistants and secretaries and data people (lower middle class) that are screwed. All others will just be transfered to projects.
Here is a Law Professors blog breaking down the roughly 1.9 TRILLION in tax increases Obama has lined up for the working man and woman.
TaxProf Blog: President Obama's Budget Contains $1.9 Trillion in Tax Increases
Change we can believe in.
not to be overlooked, are the many new technology gadgets, that are a direct result of space science ... rumor has it, that the Volcano Vaporizer, was originally a Space Shuttle espresso maker :wtf: ... and, there's always that talk about reverse-engineering alien spacecraft, too :D