Continued from here.
You will remember that following World War II, most of the industrial centers of the world outside the United States were in ruins.
Well, we want you to hold that idea.
It will be on the quiz.
For now, let us consider this:
The government’s budget deficit will surge past a half-trillion dollars next year, according to gloomy new estimates, a record flood of red ink that promises to force the winner of the presidential race to dramatically alter his economic agenda.
The deficit will hit $482 billion in the 2009 budget year that will be inherited by Democrat Barack Obama or Republican John McCain, the White House estimated Monday. That figure is sure to rise after adding the tens of billions of dollars in additional Iraq war funding it doesn’t include, and the total could be higher yet if the economy fails to recover as the administration predicts.
The result: the biggest deficit ever in terms of dollars, though several were higher in the 1980s and early 1990s as a percentage of the overall economy.
As you will notice, this post from the Huffington Post is a complete and utter bald lie by trained professionals.
Typical of American media, which have become reduced to parroting the headline provided by Washington agencies through sheer force of habit, HuffPo presented what they thought was a shocking enough piece of information, while concealing from you the actual depth and desperation of this economic moment in the history of the nation.
The $482 billion deficit the Moron (and Congress – let us not forget their role in this disaster) is leaving to his successor is underestimated by a good $80 billion dollars just for continuing operations in Afghanistan and Iraq.
Then, we have to consider that both McCain and Obama would likely continue the Moron’s charitable contribution to George Soros, Warren Buffet and Bill Gates – in the form of tax cuts aimed to fill the nearly empty coffers of wealthiest American families – HuffPo estimates this to be another $200 billion.
$482 billion + $80 billion + $200 billion = an adjusted $762 billion deficit.
Three quarters of a trillion dollars, and we have not yet had breakfast.
But, wait! There is more.
Typical of Washington, which makes laws we must follow while they do not, government accounting for spending does not conform to accepted standards – if your accountant were to treat your income and expenditures the way Washington does the nation’s, he would go to jail.
And, you would be his cell mate.
One thing for which the government does not account is all that Social Security money you have been paying in – allegedly to support your retired parents and grandparents.
Well, there is no Social Security Trust Fund – Social Security is paid for real time – the excess monies you pay in, sold to you as a means to “fix” Social Security, actually goes to kill Iraqis, cruise carrier groups around the Indian Ocean, and – of course – pay for those tax cuts to Soros, Buffet and Gates.
Charity does begin at home, does it not?
Your home.
So, by lying to you that your money was going to Social Security to help Grandma buy groceries, Washington was able to beat you out of another couple of hundred billion dollars.
In 2003, according to the New York Times, that excess FICA tax you paid to Washington allowed the Moron to hide $160 billion dollars of the deficit.
$762 billion + $160 billion = a whopping $992 billion dollar deficit.
I bet you thought we were finished.
Which only proves you are a silly, gullible, and naive ass.
Just the kind of idiot who could be sold a 60 year bill for containing a threat that doesn’t even exist, and hasn’t existed for nearly twenty years.
The excess monies you have been paying into Social Security, and, which has ended up supporting the troops in long, leisurely, cruises around the Mediterranean, will come due as the baby boomers retire.
A business with such a liability would have to tell Soros, Buffet, and Gates – and their other shareholders – that it was carrying this financial iceberg on its books.
Not so for America Inc.: so you have no way of knowing – unless you turned off American Idol and did some research with Google – that this bill is accruing, and adding to the real deficit each year.
The New York Times estimated in 2003 this bill was another $370 billion on your tab.
$922 billion + $370 billion = $1.3 trillion.
And, growing as we write this.
Oops.
I think you should have read the fine print when the Moron and his filthy NeoCon crew – and all the other Morons before him – seduced you with the idea of Full Spectrum Dominance.
Did we mention that the New York Times, in the same article, estimated the total liability to you for the unfunded Social Security Trust Fund at $10.5 trillion?
Yes.
$10,500,000,000,000
We would imagine they just rounded it down to the nearest half trillion dollars.
That was in 2003.
It is now 2008.
Do you know where your wallet is?
Boy, we sure do hope you invested wisely.
Because we did not include the price you will have to pay for all those young kids you sent off to murder 1.2 million Iraqis and Afghanis for absolutely no apparent reason.
For small things like shattered brains, limbs, psyches, and families – not too mention the odd suicide here and there.
You know, for the kids.
Linda J. Bilmes and Joseph E. Stiglitz have estimated this price tag at the mere pittance of a further $3 trillion.
We wonder when the collection agencies will begin harassing you at dinner.
Sucker.
Oh yeah, we almost forgot: Barack would like you to okay adding another 90,000 troops to shore up our creaky Full Spectrum Dominance.
Should we just add that to your tab?
To be continued
Is serious left criticism of government’s share of GDP possible? (15)
Continued from here.
You will remember that following World War II, most of the industrial centers of the world outside the United States were in ruins.
Well, we want you to hold that idea.
It will be on the quiz.
For now, let us consider this:
Bush Leaving Next President Record Federal Budget Deficit
As you will notice, this post from the Huffington Post is a complete and utter bald lie by trained professionals.
Typical of American media, which have become reduced to parroting the headline provided by Washington agencies through sheer force of habit, HuffPo presented what they thought was a shocking enough piece of information, while concealing from you the actual depth and desperation of this economic moment in the history of the nation.
The $482 billion deficit the Moron (and Congress – let us not forget their role in this disaster) is leaving to his successor is underestimated by a good $80 billion dollars just for continuing operations in Afghanistan and Iraq.
Then, we have to consider that both McCain and Obama would likely continue the Moron’s charitable contribution to George Soros, Warren Buffet and Bill Gates – in the form of tax cuts aimed to fill the nearly empty coffers of wealthiest American families – HuffPo estimates this to be another $200 billion.
$482 billion + $80 billion + $200 billion = an adjusted $762 billion deficit.
Three quarters of a trillion dollars, and we have not yet had breakfast.
But, wait! There is more.
And, you would be his cell mate.
One thing for which the government does not account is all that Social Security money you have been paying in – allegedly to support your retired parents and grandparents.
Well, there is no Social Security Trust Fund – Social Security is paid for real time – the excess monies you pay in, sold to you as a means to “fix” Social Security, actually goes to kill Iraqis, cruise carrier groups around the Indian Ocean, and – of course – pay for those tax cuts to Soros, Buffet and Gates.
Charity does begin at home, does it not?
Your home.
So, by lying to you that your money was going to Social Security to help Grandma buy groceries, Washington was able to beat you out of another couple of hundred billion dollars.
In 2003, according to the New York Times, that excess FICA tax you paid to Washington allowed the Moron to hide $160 billion dollars of the deficit.
$762 billion + $160 billion = a whopping $992 billion dollar deficit.
I bet you thought we were finished.
Which only proves you are a silly, gullible, and naive ass.
Just the kind of idiot who could be sold a 60 year bill for containing a threat that doesn’t even exist, and hasn’t existed for nearly twenty years.
The excess monies you have been paying into Social Security, and, which has ended up supporting the troops in long, leisurely, cruises around the Mediterranean, will come due as the baby boomers retire.
A business with such a liability would have to tell Soros, Buffet, and Gates – and their other shareholders – that it was carrying this financial iceberg on its books.
Not so for America Inc.: so you have no way of knowing – unless you turned off American Idol and did some research with Google – that this bill is accruing, and adding to the real deficit each year.
The New York Times estimated in 2003 this bill was another $370 billion on your tab.
$922 billion + $370 billion = $1.3 trillion.
And, growing as we write this.
Oops.
I think you should have read the fine print when the Moron and his filthy NeoCon crew – and all the other Morons before him – seduced you with the idea of Full Spectrum Dominance.
Did we mention that the New York Times, in the same article, estimated the total liability to you for the unfunded Social Security Trust Fund at $10.5 trillion?
Yes.
$10,500,000,000,000
We would imagine they just rounded it down to the nearest half trillion dollars.
That was in 2003.
It is now 2008.
Do you know where your wallet is?
Boy, we sure do hope you invested wisely.
Because we did not include the price you will have to pay for all those young kids you sent off to murder 1.2 million Iraqis and Afghanis for absolutely no apparent reason.
For small things like shattered brains, limbs, psyches, and families – not too mention the odd suicide here and there.
You know, for the kids.
Linda J. Bilmes and Joseph E. Stiglitz have estimated this price tag at the mere pittance of a further $3 trillion.
We wonder when the collection agencies will begin harassing you at dinner.
Sucker.
Oh yeah, we almost forgot: Barack would like you to okay adding another 90,000 troops to shore up our creaky Full Spectrum Dominance.
Should we just add that to your tab?
To be continued
This entry was posted on July 29, 2008 at 10:01 am and is filed under General Comment, economics, political-economy, politics, shorter work time with tags budget, budget deficit, budget surplus, cold war, containment, current account, CURRENT ACCOUNT DEFICIT, leon keyserling, National Secuirty, National Security Council, National Security Council Memorandum, nitze, NSC-68, political-economy, shorter work week, soviet union, The Economy, trade, TRADE DEFICIT, trade surplus, Trickle Down Economics, Truman, war, war on iraq. You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.