T Nation

Budget Deficit to Hit $2 Trillion

“The 2009 budget deficit could be close to $2 trillion, or 12.5 percent of gross domestic product, more than twice the record of 6 percent set in 1983, according to David Greenlaw, Morgan Stanley’s chief economist. Two weeks ago, budget analysts said the measures might push deficit to as much as $1.5 trillion.”

http://www.bloomberg.com/apps/news?pid=20601109&sid=anUDEEEP1_M0&refer=home

As the dollar gets destroyed…note to self: Swiss Francs and gold, BUY!

The hilarious thing is how the modern American GOPer (faux-conservative) doesnt understand how running these massive defecits are hidden tax increases.

It’s a strange planet when the Dems look like the more fiscally conservative option. Not that the GOP is a conservative party anymore…

If only we’d cut the pork!

Just keep making the minimum payments and we’ll be fine.

[quote]Floortom wrote:
The hilarious thing is how the modern American GOPer (faux-conservative) doesnt understand how running these massive defecits are hidden tax increases.

It’s a strange planet when the Dems look like the more fiscally conservative option. Not that the GOP is a conservative party anymore…[/quote]

Stop with the partisan bullshit. Both dems AND republicans are guilty of spending money like a drunk stripper.

There is no damn difference anymore.

I agree with your notion that the GOP, for the most part, is a bunch of panty-waisted liberals.

We need a new true conservative movement in this country. The revolution of 1994 lasted only about a year.

How people can support left-wing agendas, regardless of party affiliation, and gladly pay the taxes required to support them, is beyond me.

What the hell happened to this country?

[quote]Floortom wrote:
The hilarious thing is how the modern American GOPer (faux-conservative) doesnt understand how running these massive defecits are hidden tax increases.

It’s a strange planet when the Dems look like the more fiscally conservative option. Not that the GOP is a conservative party anymore…[/quote]

As a general rule, things that can’t last forever don’t. We can’t keep running this type of a deficit and it not catch up with us eventually. Presumably, the money for this idiotic bailout is going to just add to the deficit. But pretty soon, the Baby Boomers are going to start collecting medicare and SS, and that will represent another massive entitlement that will contribute, perhaps becoming large enough to consume the entire GDP without reform.