Tag: Federal Debt

Bipartisan Elephants, Endless Debt and Entitlements, Cats without Food … Oh My!

What IS all this fuss about?

Sometimes a picture is worth a 1000 rants.

CONGRESS OF THE UNITED STATES

CONGRESSIONAL BUDGET OFFICE – CBO

The Long-Term Budget Outlook

JUNE 2010 – (Revised August 2010)

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Image: Federal Debt Held by the Public as a Percentage of Gross Domestic Product

Under Two Budget Scenarios

CBO — The Long-Term Budget Outlook (pdf)

OK sometimes not … What does that Picture mean to me?

2035, Haah!  that’s like a quarter century from now …  you got to be kidding me …

Uh-Oh!  Did someone just let the cat out of bag?

Democrats See GOP Hypocrisy in Health Care Debate

Citing 2003 Medicare vote, Democrats see GOP hypocrites in debate over health care spending

Charles Babington, AP Writer

Dec 25, 2009

[…] when Republicans controlled the House, Senate and White House in 2003, they overcame Democratic opposition to add a deficit-financed prescription drug benefit to Medicare. The program will cost a half-trillion dollars over 10 years, or more by some estimates.

With no new taxes or spending offsets accompanying the Medicare drug program, the cost has been added to the federal debt.

[…]

Six years ago, “it was standard practice not to pay for things,” said Sen. Orrin Hatch, R-Utah.

http://abcnews.go.com/Business…

Watch out Orrin, speaking the blunt truth, is NOT a GOP strong suit,

best to stick to the Lock-step GOP Talking points, you guys NO best!

Leave the blunt talking to those with real guts, those like Alan Grayson & Co.