Republicans tout new deficit projection

[babylonsister]

http://thehill.com/leading-the-news/republicans-tout-new-deficit-projection-2007-07-11.html

Republicans tout new deficit projection
By Klaus Marre
July 11, 2007

Republicans Wednesday pointed to new deficit projections as evidence that their economic policies are working, while Democrats ridiculed the GOP for applauding that the federal government would be $205 billion in the red this year.

“Despite the unprecedented challenges we face, the United States is going to be back in the black,” President Bush said of the new projections. He has set a goal of returning to a surplus by 2012 and said the new figures show that his administration is on track to meet that target.

“The policies of low taxes and spending restraint have produced a clear and measurable record of success,” Bush said. “You can’t argue with what I’m telling you.”

The president then criticized Democrats for wanting to spend more and increase taxes.

snip//

“It is a sad commentary on President Bush’s fiscal record that he is crowing that the deficit will be ‘only’ $205 billion in the current fiscal year,” House Majority Leader Steny Hoyer (D-Md.) said. “Trying to pretend that heaping hundreds of billions of dollars of additional debt on our children is good news is the kind of Alice-in-Wonderland talk that voters soundly rejected last November.”

[rpannier]

1. When he says surplus by 2012

He means, all his wealthy corporate friends should be billionaires by 2012.

[smtpgirl]

2. When are the Iraq war funds going to be included in these

projections?

The *ush administration is doing it again, not giving up the "real" information.

[harlinchi]

7. I say the same thing every time the budget deficit is mentioned!

It should be against the law to discuss it without mentioning all of the relevant facts, like major expenditures not included or funds included to reduce it (like SS funds)!

[napi21]

3. I guess he doesn't pay any attention to David Walker, his own

Comptroller General and head of the GAO! I listened to a presentation he made that was broadcast on cspan over the weekend. He was speaking to some think tank groups because he was tired of being ignored by the WH & Congress! He has nothing but BAD things to say about this admin. fiscal policies, and also desperately dismal predictions for the future!

I tried to find a transcript on cspan, but it doesn't appear to be there! He really sounded like he knew what he was talking about, and his message is VERY FRIGHTENING!

[antigop]

8. Here is a transcript of Walker on "60 Minutes"

http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml?source=search_story

>>
(CBS) This segment was originally broadcast on March 4, 2007. It was updated on July 8, 2007.

When the stock market soars or plunges, everyone pays attention. But short term results aren't that important to the man you're about to meet. David Walker thinks the biggest economic peril facing the nation is being ignored, and for nearly two years now he has been traveling the country like an Old Testament prophet, urging people to wake up before its too late. Who is David Walker and why should we care?
>>

[Telly Savalas]

4. Am I missing something here?

The next two years in the projection should be based on appropriations bills which originate in the House, which last time I checked is controlled by the Democratic Party.

If the projections reflect this, then Democrats shouldn't complain about deficits. If the projections don't reflect this, then shouldn't the Democrats gently remind the White House and the press corps about their role in the fiscal process? Or are they just planning to waive that authority and let Bush do whatever the hell he wants for the next 18 months?

[papau]

5. This con job is sold by the media every year a GOP Pres puts it out - check the Nat'l Debt increase

and see what the real deficit is.

When I last looked it was a string of $500 billion deficits based on National Debt increases in every year of Bush 43 - when this year closes on 9/30 I'll post the results again - but I warned all - the media will never report the true figures.

[flaminbats]

6. wow..tax and spend nation-builders know best!

why didn't I trust them to start with?

they warned us that Bill and Hillary would raise taxes, while only increasing deficit spending. they told us liberals want to take away our guns, but now guns are only a threat to homeland security! :eyes: they said Janet Reno committed murder in Waco, Texas..yet such high standards were far too unrealistic on 9/11. they repeatedly attacked Clinton for deploying troops without an exit strategy, and then call liberals defeatists for making the same criticism of Bush. Republicans say all abortion is baby killing, yet spending money to fund student loans and help the poor only weakens our economy. Republicans say entitlements must be controlled to reduce deficit spending, and that taxes must be cut. they accuse liberals in Congress for trying to micromanage the war, that Jimmy Carter used the wrong strategy while trying to rescue the hostages in Iran.

so traditional conservatives know best..why fight wars we can't win, spend money we don't have, or even ask for God's forgiveness?