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What will the deficit be?

  1. Higher in 2009

    6 vote(s)
    46.2%
  2. About Equal

    1 vote(s)
    7.7%
  3. Lower in 2009

    2 vote(s)
    15.4%
  4. Down to Zero in 2009

    0 vote(s)
    0.0%
  5. Through the Roof in 2009

    4 vote(s)
    30.8%
  1. Jan 23, 2005 #1

    selfAdjoint

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    When Bush leaves office in 2009, how will the federal deficit then compare with what it was when he took office in 2001?
     
  2. jcsd
  3. Jan 23, 2005 #2
    Deficit? What deficit? :rofl:

    Sadly, I don't think that is even a concern for this adminstration. If you are not the one footing the bill then why should you even care!?!

    Considering that only 10% and soon to be less of our economy is coming from production I really dont 'see' how a deficit coould be offset. How many 'services' could be applied to offset it? Maybe we should all down some high heels, stockings, and make-up in order to 'revive' the economy! :surprised
     
  4. Jan 25, 2005 #3
    selfAdjoint or to whomever else cares, this should be an indicator! From the Financial Times:

    Central banks shift reserves away from US

     
  5. Jan 25, 2005 #4

    russ_watters

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    Staff: Mentor

    For some background: http://money.cnn.com/2001/10/29/economy/budget/
     
  6. Jan 25, 2005 #5
    Ya, I know, it's FOX news! :rolleyes: Anyway, so much for being 'conservative'! If the way Jr. is spending us into oblivian is 'conservative', please show me some 'liberal' fiscal behavior!

    10-Year Federal Deficit Estimated at $855 Billion

    So adding in the 'wars'(~250 billion) and the S.S. scam(~2.5 trillion), we are going to see a deficit some 3-4 trillion dollars over the next 10 years! :surprised

    Makes me wonder what else they are planning!?! :bugeye:

    MORE TAX BREAKS, MORE WARS, MORE SPENDING!

    WHO WILL PAY? :eek:
     
  7. Jan 25, 2005 #6
    It'll be payed for the same way the defecit Reagan and Bush racked up was payed for. Some sensible Democrat's going to come in, raise taxes a little bit, cut the rate of growth of the government by alot (as Clinton did, then Bush made the Govt. grow at a huge pace again), and just do all the sensible things Clinton did and get it under control. Then, just as things are looking good, people are going to say "Hey, I want a damned tax cut, give ME an extra $300 a year baby, I could buy some ****ing tires or something!", then it'll all repeat all over again.
     
  8. Jan 25, 2005 #7
    Apparently that is how the cycle goes! But they have been known to 'break the bank', as demonstrated by the '29 bust!

    Seems Jr. and his crew are all about 'pushing the envelope' . If they break the system, they wont have to pay for it and I'm sure they'll be sitting pretty if the s**t hits the fan!

    Or maybe the plan is to 'devalue' the dollar to the point where foreign bond and currency holders will part with the holdings at a loss while they ride the wave of currency and bonds gaining value as the mess is cleaned up. Analogous to the way Japanese investors bought lots of land back in the late '80s only to turn around and sell it back at dimes on the dollar. Couldnt put anything past this crew expcept the motive for profit!
     
  9. Jan 25, 2005 #8

    selfAdjoint

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    The dollar will devalue of course, slightly if wise policies take place, or crashingly if Bush and company continue their folly. Sooner or late the Chinese and Japanese will wake up and reallize the bad effects to them of dumping dollars are outweighed by the prospect of being paid in shinplasters.
     
  10. Jan 26, 2005 #9
    I didnt realize the only manufacturing left were shinplasters! :surprised

    Looks like we'll have to all find an escort service to sign on with sooner or later! :yuck:
    _____________________________________________

    Update: Well selfadjoint, it looks like your crystal ball saw forward a day or so!

    Economist: China Loses Faith in Dollar

     
    Last edited: Jan 26, 2005
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