29 DAYS SINCE DEFICITS DECLARED UNSUSTAINABLE

[RDANGELO]

On March 2nd, Federal Reserve Chairman Alan Greenspan declared that the current deficits were unsustainable. He also stated that the cost of making ****'s tax cuts permanent would add 1,8 trillion dollars to the federal debt. To this date , **** and the republican congress have proposed nothing substantial to reduce the deficits.
Currently , the cost of the operations in Iraq are not being included in the budget. The cost of this is estimated at 207 Bill by the end of this fiscal year. Also off the budget is the cost of transition for ****'s Social Security privatization plan ,which is estimated at 104.5 bill for the first year and 2.2 trill over the

www.nytimes.com/2005/03/02/business/02cnd-deficit.html?ex=1112418000&en=5f16f56dee602d3f&ei=5070st decade.

[BlueEyedSon]

1. SOMEONE PUT THE FEEDING TUBE BACK INTO THE US TREASURY

FOR GOD'S SAKE!

[wtmusic]

2. Something HAS to be done about Social Security!!!

Why can't the Democrats come up with any ideas?? :crazy:

[smirkymonkey]

3. Something's got to give...

this can't go on indefinitely and I predict an economic disaster is in the making.

[babylonsister]

4. As has been stated repeatedly,

if this admin can't manage the deficit, who in their right mind would think they have any ability to mess w/SS reform?
Reduce the deficit drastically, then we might talk about SS.

[opihimoimoi]

5. Those evil Pubs WANT us Bankrupt and Broke...better to buy us out

for cheap as we go homeless. Bastards....

[htuttle]

6. Who was the last Republican president to balance their budget?

Looking at the chart, it looks like it would have to be someone pre-Kennedy. The budget looks like it might have been balanced in FY 1968, but I think that was still LBJ's budget, not Nixon's.