US Budget Deficit Reaches $1 trillion
 

USA! USA! USA! And that's only through June.

"A billion here, a billion there, pretty soon it adds up to real money."

I love the fact the current administration seems to have the idea everything we're doing is with play money.

BBC NEWS | Business | US budget deficit at $1 trillion

Are you serious right now? We all know how 1-sided this is...

Huh?

here we go again.

it didn't mean anything.

i should learn to type.

Yeah match that with me learning how to read and we should be fine.

Some interesting notes from the article, such as the idea of another economic stimulus package. Great idea since the first one did sooooo well.

The first one did work well.

I'm all for it. Maybe this time the D-bag repubs won't block money for the states...you know, they ones their from...who don't make any money.

Assuming money is spent in the right places, this deficit will promote HUGE growth, open up jobs, and advance our society. Of course, that's a big assumption- we know there are large chunks that are spent on things like gold plated toilet paper so some mayor in small-town Georgia can wipe his ass like a Pharaoh.

lol wut?

http://www.powerlineblog.com/archive...mb-410x250.gif

without the bailout we were looking at a full on depression.

From what I understand we've only spent 10% of the 1st stimulus bill. It's because most of the $ is only going to go to pay the banks after all the defaulted loans.

Alternate energy, and universal health care. Those would be the biggest stimuli to the economy.

A payroll tax cut wouldn't be bad either.

I don't know what that is............

I really think the best way to stimulate an economy (which is never feasible due to the power of lobbyists) is cut out all of the wasteful spending, which we have a s*()load of it. If we had tackled the energy problem head on back in the 80's, we would have a fuel that is much cheaper and as effective as what we are buying now. Also, I believe U.S. innovation is unmatched, so we would also be selling that technology to other countries. Oh well, the past is the past, but there are other things we could be doing too, like using hemp for paper.

Since insurance companies treat people's coverage outlines like the Bible (they put so much s*&( in there you don't know what to make of it, so you just quit reading it.), we need to find other paper sources. Hemp is very easily grown, and the reason we have problems in those areas is strictly because of the big oil and big lumber lobbyists. Truy despicable, and time for change.:o:

And instead we've shown how dependent we are on the big banks and given them the complete go ahead on ****ty loan practices in the future. It was a dead if you do, dead if you don't scenario...but please don't applaud it as being some short of great maneuver.

And so far on a thread stating the huge deficit we are running this year...the ideas we have gotten for stimulating are........*ta da*...increasing spending on unproven ventures and decreasing revenues. Hi USA! And I have little faith in the potus to fix this mess with his delving into cap n' trade, etc.

What would you suggest then?

Are you dense? Last time I checked a maneuver that saves money in the long run while helping stabilize the economy is a great maneuver.

I'm sure there will be some "what about the jobs" whine.

WE CANNOT AFFORD TO LOSE 1 MORE WAL*MART!

And it's given the banks the go ahead to continue with their horrible loan practices because they're completely aware that they are much too important to the economy to go under. At some point you have to let some of these companies go under instead of constantly running to their rescue whenever something goes wrong.

And really...stating that is has already saved money and stabilized the economy? What economy are you living in?

lmao...even those most against the stimulus conceded it would create jobs...and it still hasn't. The stimulus has been a bust.

I'm still asking for your proposed solution, and now "how it was a bust?"

Also, I'd like to know what jobs were exactly lost, because i'm willing to bet its mostly service industry BS.

I listened to Hayley barber speak this morning on how the economy/stimulus affected Mississippi and he said his jobs were fine, it was the gas that killed them.

I've got to believe its because the jobs in Mississippi are need-to-haves as opposed to some fresh out of college douche with a fiance degree sitting in a BoA office making 50k out of the gate.

They were underqualified, underskilled, and living way out of their price range. Those jobs shouldn't have existed to begin with, so what the stimulus brings back should be "real" jobs. What we don't need is more nail salons and beauty parlors.

My issue with the stimulus is that its highly regulated, which was a directed result of Paulsons incompetence. Its hard to tell a state where funding would go, especially if they've kept funding high on their own for what the stimulus is aimed to fix (in most states its education).

But ultimatly, the package failed because it was inadequate to being with. Not because financing job growth is a bad idea.

It doesn't tell banks to keep up with bad loan practices because the banks already see how much damage that has done. It would be like saying that taking a child to the doctor for a burn sees that it can continue to play with fire because mommy will be right there to fix the problem.

I'm currently living in the U.S. economy. My job typically isn't that booming in the summer but it was by far one of the busiest Junes (although this month has sucked, but July always sucks for me) I've ever seen. Travel businesses have gone up since the stimulus package and that directly relates to my field of work.

Being someone that works in the financial sector, just about everyone where I work and in surrounding firms agree that it has given many of these banks the green light on some of their lesser regarded loan practices.

I live in the US economy, too. In fact, I deal with company's balance sheets, etc for work, so I've got a decent grasp of how things are going as well. Stating that it's busier where you are than normal isn't really all that indicative of anything. Is it because you are in a driving distance and people that would normally fly to other destinations are now driving and choose vacations closer than when the economy was better? Maybe it's not as expensive as other places that are close by? Much more to it than just saying "it's busier here, stimulus was effective".

And I'd love to see anything you have on travel going up since the stimulus. As compared to when exactly as well? Earlier this year? Last year? When?

The orders I process come from everywhere in the U.S. and Canada. It isn't just here. I had more orders to process this spring than I've had in the past 2 springs. I may be wrong but more people wanting travel guides logically means more people are travelling or at least considering it.
I can't seem to find any article relating to it on the internet but I recall NBC having a report on it about a week back. Last year travel businesses did very poorly though.

Clearly doesn't factor in that a weaker American dollar makes it more attractive for foreigners to visit the United States these days, etc. Again, stating that because you believe more people are traveling [and I'm not sure the correlation you are trying to make is all that good of one], doesn't mean the stimulus is effective at all.

And Big3, I had something typed out and firefox crashed. I'll type it up tomorrow when I've got some sleep so hopefully it still makes sense then.

take your time. I'm around at work with nothing to do tomorrow.