Sunday, 22 February 2009

Saying doesn't make it so

Cutting deficits means economic pain. Saying you want a smaller deficit is easy. Implementing expenditure cuts and raising taxes is much harder.

How long do we need to wait before we hear something similar from Brown?

Feb. 21 (Bloomberg) -- President Barack Obama plans to cut the U.S. budget deficit to $533 billion by the end of his first term by increasing taxes on the wealthy and cutting spending for the war in Iraq, according to an administration official.

Obama wants to reduce the deficit because he’s concerned that over time, federal borrowing will make it harder for the U.S. economy to grow and create jobs, said the official, speaking on the condition of anonymity. The deficit Obama inherited on taking office last month was $1.3 trillion. The administration next week is to release an overview of its budget proposal for the 2010 fiscal year, which begins Oct. 1.

8 comments:

AntiCitizenOne said...

Punishing the productive for working productively never works.

Mark Wadsworth said...

What AC1 says.

Well it does work, actually, if your aim is to wreck the economy.

Anonymous said...

Haaahaahahahaaahaaaa! Obama is going to pass a trillion dollar plus stimulus package, spend trillions more on bailouts AND reduce the budget deficit? That's going to make Jesus look like an amateur for only feeding 5000 with 5 loaves of bread and 2 fish. IF he pulls it off. 'Change we can believe in', anyone?

AC! and Mark: 'by increasing taxes on the wealthy.' Didn't say anything about taxing the productive. At the current rate of bankrupcies and deflation, he'd have a hard time finding any of those to tax anyway.

dearieme said...

And it'll only be the admitted-to deficit - the huge probs with Social Security and Medicare will remain off-budget, I presume? Bah humbug.

K T Cat said...

At the end of his first term, Obama promises to trim the deficit until it's still higher than anything the Bush Administration ever had and will, in fact, be more than the combined deficits of 2006 plus 2007. And for this he gets credit!

Fantastic. Simply fantastic.

John East said...

First Blair, then Brown, now Obama, all with so much in common. To get one leader like these fantasist idiots might be considered unlucky. To get two is very bad luck, but to get three, and all around the same time too, suggests to me that there is something seriously wrong with our electorates.

Perhaps we are witnessing the end of Western civilisation?

Oct3 said...

I don’t think it is as easy as it sounds…
In the mean time, I just came across two helpful articles on 2008 taxes.

http://www.recessioninfocenter.com/2008_tax_tips_for_recession.html

http://www.recessioninfocenter.com/Taxes_in_recession.html

look said...

成人電影,情色,本土自拍, 寄情築園小遊戲, AV女優,成人電影,情色,本土自拍, A片下載, 日本A片, 麗的色遊戲, 色色網, ,嘟嘟情人色網, 色情網站, 成人網站, 正妹牆, 正妹百人斬, aio,伊莉, 伊莉討論區, 成人遊戲, 成人影城,
ut聊天室, 免費A片, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友, 本土自拍, 免費A片下載,

美女交友, 嘟嘟成人網, 成人貼圖, 成人電影, A片, 豆豆聊天室, 聊天室, UT聊天室, 尋夢園聊天室, 男同志聊天室, UT男同志聊天室, 聊天室尋夢園, 080聊天室, 080苗栗人聊天室, 6K聊天室, 女同志聊天室, 小高聊天室, 情色論壇, 色情網站, 成人網站, 成人論壇, 免費A片, 上班族聊天室, 成人聊天室, 成人小說, 微風成人區, 色美媚部落格, 成人文章, 成人圖片區, 免費成人影片, 成人論壇, 情色聊天室,


性愛,
成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲情色視訊, 情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, 視訊聊天, 免費視訊聊天室, a片下載, aV, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片,成人電影,情色,本土自拍,