By Stephen Dinan - The Washington Times
* * *
The federal budget deficit will soar this year, the
Congressional Budget Office reported Tuesday, after President Obama and [the
Republican - in name only -] Congress gave up on austerity late last year,
embracing spending hikes and massive new tax cuts that have left the government
awash in red ink.
* TRUTHFULLY... I SEE NO VIABLE SOLUTION OTHER THAN
VIOLENCE...
* AS ALWAYS... I'M NOT "THREATENING." I'M
SIMPLY THROWING OUT MY ANALYSIS OF THE SITUATION AND GETTING TO THE BOTTOM
LINE.
* THE ONLY WAY TO "FORCE" CONGRESS TO DO...
WELL... THEIR JOB... WOULD BE FOR "SOMEONE" OR "SOME GROUP"
TO ISSUE AN ULTIMATUM AND WHEN IT WASN'T MET... TO ASSASSINATE BOEHNER, PELOSI, MCCONNELL, AND REID... AND THEN EACH MONTH THAT CONGRESS FAILED TO BALANCE THE
BUDGET... ASSASSINATE THE "NEW" SPEAKER, HOUSE MINORITY LEADER, SENATE
MAJORITY LEADER, AND SENATE MINORITY LEADER.
(*SHRUG*)
* AGAIN... NOT A THREAT. NOT A CALL TO VIOLENCE. NOT A
CALL FOR REVOLUTION. JUST... THE ONLY SCENARIO I CAN SEE AS HAVING A SHOT (GET
IT! A SHOT! I MADE A PUNNY!) OF PUTTING THE FEAR OF GOD INTO THESE CRETINS AND
THUS FORCING THEM INTO... DOING THEIR JOBS.
Adding to the problems is a projected rise in interest
rates, which will force the government to pay higher costs as it services the
trillions of dollars of debt that have already piled up over the last 15 years.
* FOLKS... REMEMBER... YES, UNDER OBAMA THE DEBT HAS
DOUBLED... YES, THE DEMS TOOK CONTROL OF THE HOUSE AND SENATE IN JANUARY OF
2007... BUT BEFORE THAT... BUSH WAS PRESIDENT AND THE REPUBLICANS CONTROLLED
CONGRESS ALL THROUGHOUT 2001... 2002... 2003... 2004... 2005... AND 2006.
(*SHRUG*)
CBO analysts say the deficit will reach $544 billion in
fiscal 2016, which is a 24% leap over last year’s total.
* THANK YOU SPEAKER RYAN! THANK YOU MAJORITY LEADER
MCCONNELL! THANK YOU PRESIDENT OBAMA!
It’s also deeper than what the analysts had projected in
August, when they had assured Congress deficits would continue to fall
slightly.
* OOPS...
(*SNORT*)
The difference is the year-end deal...
* Hmm... I'D SAY "CONSPIRACY"...
...House Speaker Paul D. Ryan and Mr. Obama reached to
boost spending and approve a series of special tax breaks.
* HA! HA! NOTICE THEY DON'T EVEN MENTION MCCONNELL - AS
IF THE SENATE HAS NO ROLE IN THE PROCESS...?!?!
(*SNORT*)
“That increase is largely attributable to legislation
enacted since August — in particular, the retroactive extension of a number of
provisions that reduce corporate and individual income taxes,” the CBO said.
Overall, spending will spike by 6% in fiscal 2016, to
reach $3.9 trillion, which is 21.2% of the country’s output as measured by
gross domestic product.
* JUST OUT OF CURIOSITY... IS THERE ANYONE READING THIS
WHO SUPPORTS THE RYAN-MCCONNELL-PELOSI-REID-OBAMA DEBT ACCUMULATION? ANYONE...???
ANYONE AT ALL BELIEVE THAT THIS IS HOW THE SYSTEM SHOULD WORK... THAT THIS IS
IN THE BEST INTERESTS OF THE AMERICAN PEOPLE?
By contrast the government will collect just $3.4
trillion in taxes, or 18.3% of GDP.
* "JUST..."
(*MANIACAL LAUGHTER*)
(*WIPING TEARS OF MIRTH FROM MY CHEEKS*)
And those trends will continue for the next decade, the
CBO report. Taxes will hold steady at about 18% of GDP, while spending will
rise from 21% to 23% — producing ever-worse budget news for the next president
to handle.
The CBO, which is the government’s official scorekeeper,
released a summary of its latest budget projections Tuesday. A full evaluation
is slated for next week, just ahead of Mr. Obama’s annual budget submission to
Congress.
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