US Faces OMINOUS FISCAL Picture With Huge Deficit (Chic. Tribune)

[Beetwasher]

Comptroller General David Walker's most troubling briefing paper shows the federal budget growing progressively larger until spending reaches nearly half the economy's total output in 2040.

--snip--

http://story.news.yahoo.com/news?tmpl=story&cid=2027&e=1&u=/chitribts/usfacesominousfiscalpicturewithhugedeficit

[laruemtt]

1. guess they didn't factor this in

when they endorsed * last week.....

[Jacobin]

9. Yep. These guys are so delusional

and so predictable.

Deficits are bad, so let's support the big deficit candidate.

Iraq war was prolly a bad idea, so let's support the idiot who did it.

forking dingbats

[UpInArms]

2. it's crap like this (the truth) and then these freaks of nature

have the audacity to endorse the biggest hosebag in the world.

:argh:

[gratuitous]

3. Gee, we had budget surpluses when Clinton left

And now we're looking at record deficits. The major difference seems to be the person sitting in the Oval Office. Nice endorsement there, Trib. Care to reconsider?

[phantom power]

4. reconsider? Never! Wolf! Wolf!

Wolf Wolf Wolf!!!

[Supersedeas]

11. Chicago Tribune Endorsement means A LOT...do they even vote by their endo

[robbedvoter]

5. Largest? We're # 1! We're #1!

[VolcanoJen]

6. Yet, the Chicago Tribune endorses President Bush.

Interesting. :eyes:

[Gabi Hayes]

7. of Course! they exemplify the PIPA (PIPPA?) poll thesis, which

posits that those of that particular Bush pathology are IMMUNE to facts; that they are incapable of living in the world of observable truth, and exist in the benighted age of PERCEIVED wisdom, imperivous to the empirical, much the same as the Catholic church took FOUR HUNDRED years to admit Galileo is right.

the only difference between the Catholics and the flat earthers is that the latter will never come to the realization that all is round

[tlcandie]

8. If this wasn't so truly insane it would be hilarious!!!

Snipped from the original article..

<snip>
"We start with a haircut," he said, thumbing through the pages that show federal spending starting to explode as Baby Boomers reach retirement. "The next page is a scalp, and then we go to decapitation and finally disembodiment."
<snip>

[Tight_rope]

13. LOL...That truly is ludicrous & I doubt any babyboomers will be retiring!

[Ahriman]

10. Nobody cares. They'll bankrupt us before anyone in ever pays attention.

[Chicago Democrat]

12. Basically its going to be Germany in 1923.... or Britain in 1946

Our currency is going to become worth less and less. The nice thing about national debt (denominated in dollars) is that we can always pay it off by just printing dollars. Isn't it amazing that the world continues to lend us money??

I really think the answer is, they have little choice. A hoveled America really does hurt the world. Not to say that the world can make our lives very difficult and that the US is definately in decent. The real losers in this Ponsi scheme are the millions of pensioners and small investors and the US currency.

I don't know what to do...Where and what are "safe havens"?

[Tight_rope]

14. Welcome to DU Ahriman!