The US of A is waaaaaay over the cliff!!! Financial doom

[Megadoom]

http://money.cnn.com/2009/04/14/pf/taxes/_federal_tax_revenue/index.htm?cnn=yes

We can't keep this up forever - in the last 40 years the US has spent more then it brings in 36 out of those years. This year and last is unprecidented. This is beyond crazy and the gravity of it all is catching up to us. Looks like 2011 to 2012 we'll be falling at terminal velocity.



Obama -

[Megadoom]

BTW - The road runner is China. 

[anarchist]

this is what i was waiting for.

[Fitzwaryn]

Not a problem. Congress repealed the Law of Gravity. It's on page 856 of the Bailout bill, paragraph 3, subsection 4.

(don't bother to look. I have NO idea what's on page 856)

[dilbo]

(don't bother to look. I have NO idea what's on page 856)

neither do any of the congressmen who voted for it!

[anarchist]

Not a problem. Congress repealed the Law of Gravity. It's on page 856 of the Bailout bill, paragraph 3, subsection 4.

(don't bother to look. I have NO idea what's on page 856)

 

[transplant]

(don't bother to look. I have NO idea what's on page 856)

neither do any of the congressmen who voted for it!

classic

[transplant]

Wow, that is a bit of a record for deficit spending. 90% of the time we (as a nation) couldn't balance out checkbook.

[Fitzwaryn]

(don't bother to look. I have NO idea what's on page 856)

neither do any of the congressmen who voted for it!

Truer words have seldom been spoken. lol

[Annihilatrix]

I'm struck by the lack of a ladeedaa ending paragraph as is typical on these MSM articles--straight down doom.
-trix

[slow_dazzle]

(don't bother to look. I have NO idea what's on page 856)

neither do any of the congressmen who voted for it!

Bwahaha - I find that a witty one too. Good one.

Reading the article, one thing struck me: the repeated references to compared to last year, or words to that effect. I'm no fan of either of the big two US parties but the sub-text seemed, to me anyway, to be it's worse than it was last year and it's the new president's fault. And read the comment about defense spending. It has risen but only modestly, as if to say, the government largesse hasn't really been due to defense spending.

Major doom ok but it's aimed at apportioning blame to the incoming administration. At least, that was my take on it.

[picasso moon]

I don't see any problem,the gov't will just say everything is gonna be alright, just keep on doing what you're doing. 

[Megadoom]

(don't bother to look. I have NO idea what's on page 856)

neither do any of the congressmen who voted for it!

Bwahaha - I find that a witty one too. Good one.

Reading the article, one thing struck me: the repeated references to compared to last year, or words to that effect. I'm no fan of either of the big two US parties but the sub-text seemed, to me anyway, to be it's worse than it was last year and it's the new president's fault. And read the comment about defense spending. It has risen but only modestly, as if to say, the government largesse hasn't really been due to defense spending.

Major doom ok but it's aimed at apportioning blame to the incoming administration. At least, that was my take on it.

Bush was not a fiscal conservative by any stretch and neither is Obama. Obama should be apportionately to blame - was it not him who passed a huge stimulus packadge, was it not him who has apportioned his entire cabinet for the benefit of GS, was it not him who is increasing military spending in Afghanistan, was it not him who is distributing bailouts to banks, insurance, and investment firms?

Bush is gone, it's Obama's ball now, and he's a big spender. I see little of it going for the changes our country and world demand.