31 DAYS SINCE DEIFICITS 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?... decade.

[ixion]

1. have 't you heard? deficits don't matter

it's just one of the 'messy' parts of speading 'Murikan freedom and democracry. :eyes:

[ClintonTyree]

2. I was talking to my Mom's financial advisor...........

about her investments. She gets a little confused about the entire thing. About a year ago I mentioned the deficit and it's affect on her portfolio, he said, "the deficit doesn't matter, the government can print as much money as they want".
He is no longer my Mom's financial adviser. Can you believe the stupidity of that remark, and from a supposed financial "professional". :eyes:

[screembloodymurder]

3. financial advisor.........

is a loose term. So is economist.

Consensus estimate of job growth for March: 220,000
Actual job growth for March: 110,000
Job growth below estimates for 8 of last 10 months

Any monkey could get 50% right. When do these Bush economists get fired. Perhaps we need a new school program: No economists left behind.