The CBO predicts (click title to entry - thank you) a deficit of $1.5 trillion for 2011, but then steadily falling amounts through 2014. Good news? Not really. The CBO had to make assumptions about US policies its officials seem to have little faith will be implemented....
The President HAD a plan to BEGIN incredible deficit reduction which would 'in turn' begin to destroy the debt, BUT, "The Republicans" held the people making LESS than $250.000 per year hostage and demanded "The Bush Tax Cuts for The Wealthy" survive until 2012.
YES, we do. And we know those 'tax HOLIDAYS' for the wealthy produce NO JOBS !Do we KNOW the 'Bush Tzx Cuts for the Wealthy" are hugely disproportionate to the people making LESS than $250,000 per year.Hello?
YES, we do. And we know those 'tax HOLIDAYS' for the wealthy produce NO JOBS !Do we KNOW the 'Bush Tzx Cuts for the Wealthy" are hugely disproportionate to the people making LESS than $250,000 per year.Hello?
...With the economy recovering and some government spending programs ending, the 2012 shortfall will be $1.1 trillion, representing about 7 percent of US gross domestic product, say the CBO’s budgeteers. In 2013, those figures will be $704 billion and 4.3 percent of GDP, and in 2014 they’ll be $533 billion and 3.1 percent of GDP.
That’s what the CBO predicts, anyway. But here’s the interesting thing: the CBO does not appear to really trust its own deficit projections for 2012 and beyond.
Why is that? Because the CBO can only crunch numbers and make predictions based on existing law. And CBO officials sound as if they do not believe that Congress and the White House will permit a number of scheduled money-saving moves to happen....
It is time for all Democrats to start calling Republican lawmakers on Capital Hill and demanding they STOP catering to the wealthy. The Congressional seats in the country where the Plutocracy was able to PLACE DOUBT in relation to Republican candidates having a NEW CREED in life and Conservative Democrats were ousted are especially important and we know exactly where that occurred from the 2010 elections.
The Democrats have to demand SERIOUS changes to the deficit and national debt by raising taxes on the wealthy and WINDFALL profits to bring down all the NECESSARY programs to date that stopped the economic slide of the country beginning with the investment banking collapse.
The other reason the Democrats need to make DAILY CALLS to their own lawmakers and soft Republican candidates is to demand JOB CREATION and STABILIZING the government budget at current levels for the next five years because we know that increasing jobs incresases the tax base and is serious deficit and debt reduction.
It is upto nearly half the populous of the USA, the Democrats, to bring about the necessary pressure on the House in places where we know the 'hard core' corrupt are without sincere influence. The electorate in 2006 and 2008 did the right thing by putting Democrats in the House in a majority, but, they were sadly deceived by the rhetoric of the Right in 2010 and we have to help them reclaim their country and protect the course President Obama has thoughtfully placed it on.
FORM POLITICAL ACTION COMMITTEES.
PUT YOURSELVES TO WORK doing the job the President desperately needs you to do.
GET THE JOB DONE !
FORM POLITICAL ACTION COMMITTEES.
PUT YOURSELVES TO WORK doing the job the President desperately needs you to do.
GET THE JOB DONE !
