CBO: Budget deficit hit record $1.4T in 2009

And to think, the socialist's health scare experiment, with an "estimated" $830 BILLION dollar price tag (I would be more inclined to say it will be twice that much, as they always lowball to reduce public outrage).

This is only the taxpayers share, realize health care prmiums will be going up too, as you will be required to have a plan that meets their plans requirements, not your wants or needs, but what they tell you you have to have.

It is a very sad day for all "tax paying" Americans

'WE'RE OUT OF MONEY'

Sat May 23 2009 10:32:18 ET

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers,$1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

----------

So Obama thinks we're out of money because we didn't spend enough on gov health care?

He's dummer than I thought or he thinks you the taxpayer are dummer than a rock.

Which is it?

US May Face 'Armageddon' If China, Japan Don't Buy Debt

Published: Thursday, 24 Sep 2009
CNBC

The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.

"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."

Robertson said inflation is a big risk if foreign countries were to stop buying bonds.

“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said.“It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”

Robertson said while he doesn’t think the Chinese will stop buying US bonds, the Japanese may eventually be forced to sell some of their long-term bonds.

“That's much worse than not buying,” he said.“The other thing is, they're buying almost exclusively short-term debt. And that's what we are offering, because we can't sell the long-term debt. And you know, the history has been that people who borrow short term really get burned.”

The only way to avoid the problem, he said, is to "grow and save our way out of it."

"The U.S. has to quit spending, cut back, start saving, and scale backward," Robertson said. "Until that happens, I don't think we're anywhere near out of the woods.”

Robertson is not very optimistic about the short-term.

“We're in for some real rough sledding,” he said.“ I really do think the recession is at least temporarily over. But we haven't addressed so many of our problems and we are borrowing so much money that we can't possibly pay it back, unless the Chinese and Japanese buy our bonds.”

http://www.cnbc.com/id/33004753

At first I was gonna type..."Are y'all Happy??" Then I thought, at some point someone is going to blame Former President Bush for this fiasco...then I looked to the right of my screen...
'Who's to Blame' is says! Bush/Obama/Polanski. I'm still laughing (not really).
I feel sorry for Polanski, in a small way. She is the next to be "distanced" from Candidate/now President Obama. "Distanced" like anyone in his past that might seem a 'bit too much'.
Hey, where is he going to Church now these days?

The laughing liberal wrote:

US May Face 'Armageddon' If China, Japan Don't Buy Debt
Published: Thursday, 24 Sep 2009
CNBC
The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.
"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
Robertson said inflation is a big risk if foreign countries were to stop buying bonds.
“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said.“It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”
Robertson said while he doesn’t think the Chinese will stop buying US bonds, the Japanese may eventually be forced to sell some of their long-term bonds.
“That's much worse than not buying,” he said.“The other thing is, they're buying almost exclusively short-term debt. And that's what we are offering, because we can't sell the long-term debt. And you know, the history has been that people who borrow short term really get burned.”
The only way to avoid the problem, he said, is to "grow and save our way out of it."
"The U.S. has to quit spending, cut back, start saving, and scale backward," Robertson said. "Until that happens, I don't think we're anywhere near out of the woods.”
Robertson is not very optimistic about the short-term.
“We're in for some real rough sledding,” he said.“ I really do think the recession is at least temporarily over. But we haven't addressed so many of our problems and we are borrowing so much money that we can't possibly pay it back, unless the Chinese and Japanese buy our bonds.”
http://www.cnbc.com/id/33004753

u will reTire 99 yr old?:)

The laughing liberal wrote:

'WE'RE OUT OF MONEY'
Sat May 23 2009 10:32:18 ET
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers,$1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
----------
So Obama thinks we're out of money because we didn't spend enough on gov health care?
He's dummer than I thought or he thinks you the taxpayer are dummer than a rock.
Which is it?

wait n C !:-0

900 billion for paperwork?

The laughing liberal wrote:

US May Face 'Armageddon' If China, Japan Don't Buy Debt
Published: Thursday, 24 Sep 2009
CNBC
The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.
"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
Robertson said inflation is a big risk if foreign countries were to stop buying bonds.
“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said.“It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”
Robertson said while he doesn’t think the Chinese will stop buying US bonds, the Japanese may eventually be forced to sell some of their long-term bonds.
“That's much worse than not buying,” he said.“The other thing is, they're buying almost exclusively short-term debt. And that's what we are offering, because we can't sell the long-term debt. And you know, the history has been that people who borrow short term really get burned.”
The only way to avoid the problem, he said, is to "grow and save our way out of it."
"The U.S. has to quit spending, cut back, start saving, and scale backward," Robertson said. "Until that happens, I don't think we're anywhere near out of the woods.”
Robertson is not very optimistic about the short-term.
“We're in for some real rough sledding,” he said.“ I really do think the recession is at least temporarily over. But we haven't addressed so many of our problems and we are borrowing so much money that we can't possibly pay it back, unless the Chinese and Japanese buy our bonds.”
http://www.cnbc.com/id/33004753

what about the Japanese men that got caught with 134 billion in bonds trying to get them to Switzerland? what ever happened-do you know?

Think of it as about half what the war in Iraq cost. And in return, other than about 4300 dead, we got...?

How true are video's...Will they send the honor student to Ophra's school? How much is sports? How many kids get hurt playing sports or get hurt on the play ground? Is it because they are black?

What is the majority population?

Are any American's slaves...? Where does Mrs Obama get her money?

Why would a people stay in America that has been so mistreated?>

Grow up Michelle and Obama...

How many blacks just took on their landowners rights? And names?

Is it fair to spread bullshit?

Cut our social services and see who is mistreated///

Cut out all social services...

What would that save the tax payer?

How many homes are built and have been built via socail services?