Sinfest

Sam · Joined: 09 Jul 2006 Posts: 8834

The presentation of the CBO's data is simplified to make a dramatic 'point.'

The reason why that line has grown so significantly is because Obama has changed the rules of presenting our surplus to more accurately represent the actual costs being incurred by present policy, not to mention that the projection includes the credit restoration spending that Bush (rightfully!) called for. That, along with the potential revision category, makes for a somewhat unrepresentative 'Oh Shit!' graph.

Each previous year's tally for the deficit as tallied under the CBO, for instance, completely omitted the costs of the wars in Afghanistan and Iraq. Obama restored that tally to the official deficit projection. And now, in response to this, people are trying to turn it into visual data that misses the real issue.

If the general point they're trying to make is 'we are spending a shit-ton of money right now' .. yes, duh? The economic crisis is new, so the spending necessity is new. There's a reason to spend, now. It's because we're trying to salvage our economic infrastructure from what would happen to it if the fed just sat back and let 20-30 years of our economic development go down the shitter. Everyone else is doing this too, because it's the only viable option. The Republicans would be spending about as much money, they would just have approved a bill that spends money in marginally different ways. Russia is spending money to hit the Keynesian quotient. So is China. So is Europe.

Mindslicer · Posted: Tue Mar 10, 2009 12:32 am Post subject:

For all the uproar about how the costs of the wars in Iraq and Afghanistan weren't accounted for in the annual budgets under Bush, if the total hidden costs for all the so-called Global War on Terror operations combined from fiscal years 2001-2008 (roughly $805.1 billion) were added to the 2008 budget, it would be approximately equal to the January '09 projection.

Sam · Joined: 09 Jul 2006 Posts: 8834

Lasairfiona · Posted: Thu Dec 08, 2011 5:46 am Post subject:

Blagojevich gets 14 years.
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zeezee · Joined: 08 Jul 2007 Posts: 4410 Location: saint louis

don't drop the soap, blago.
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WheelsOfConfusion · Joined: 09 Jul 2006 Posts: 11133 Location: Unknown Kaddath

Was his hair sentenced separately?

zeezee · Joined: 08 Jul 2007 Posts: 4410 Location: saint louis

eureka00 · Joined: 09 Jul 2006 Posts: 1775 Location: Pretzel City

As a lifetime resident of the great state of Illinois...I say GOOD RIDDANCE!!
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Dogen · Joined: 10 Jul 2006 Posts: 9281 Location: Bellingham, WA

I used to think the whole "Chicago Machine" thing was silly, or just a story, or something kept alive by each party to be able to claim the other party was corrupt... but then Blagojevich came along, and was sentenced to jail time for corruption. He became governor after their previous governor was sent to jail for corruption. I mean... seriously, Illinois?
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mouse · Joined: 10 Jul 2006 Posts: 15441 Location: under the bed

apparently corruption really is an illinois tradition

eureka00 · Joined: 09 Jul 2006 Posts: 1775 Location: Pretzel City

Don't forget to mention the mob now. Their fingers are on everything.

Also, The Godfather game banner ad is up while I'm posting this. Hahaha..oh god they're watchin me.
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Darqcyde · Posted: Fri Dec 09, 2011 3:29 am Post subject:

I'd rather the Mob than a Mexican Drug Car--*gunshots*
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