To summarize the article, it basically states that the initial projection of a 427 billion dollar deficit was wrong and it actually is more like 333 billion. You may think that this is good right? Well, upon further reading of the article written by JONATHAN WEISMAN from the Washington Post Service, you'd think different. And reading the article made me more and more upset.
The 427 billion dollar deficit would have set a record and would have marked the 4th straight year it has risen. Sen. Jim DeMint, R-S.C., called the deficit numbers "misleading,"since "Congress is raiding Social Security to mask the true size of the deficit." So, to avoid setting a new record, they raid Social Security to bring that number down to 333 billion.
Another disturbing number, President Dubya took office in 2001 with a 128 billion dollar surplus. Four years later, that surplus is gone and now 427 billion dollars in debt (333 billion if you consider the new projection). Additionally, the White House is only including 37 billion dollars in the Iraq and Aghanistan War costs for 2006 and 13 billion in 2007. Now, it does not take a genius to realize that this war is costing more than just 50 billion dollars. The article does not mention if the current costs to pay for this War are included.
Take a second to let these numbers sink in. He took over the country with 128 billion dollars in the bank. A short four years later, he is 427 billion in debt. If he was a CEO, the board of directors would have his head on a platter. That's 555 Billion Dollars in 4 years. He is going to be in office for another 3 years. And according to this article he plans to cut the deficit in half by 2009. I have no doubt he could cut the deficit in half if he continues to raid Social Security. And if the monies to pay for his war, yes HIS war, are not included in the deficit.
Red States, thanks for voting this idiot back into office and letting him continue to screw up this Country for another 4 years.
1 comment:
I knew you wrote about the deficit and how they hadn't included the war money into it. But I don't remember anything about them trying to mask just how bad things are by raiding social security and how President Deer Caught in the Headlights has managed to spend 555 Billion Dollars in 4 years.
:)
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