The US Federal Budget is......Follow

Needs one more option:

e) Rape.

You should post that in the feedback forum.

Aren't you the fix-it guy?

It didn't like that I didn't have a question in there. It's better now.

Edited, Sep 27th 2007 4:21pm by Elinda

With a man whose economic insights are as complex as "Most of our imports come from other countries." it is no wonder that a trade deficit is occurring and that he is spending like a democrat in heat.

Oh well, my loonie is worth more than your 1$ bill (which is actually a bad thing economically speaking) but still kind of enjoyable!

f) Boring as hell.

That is nine trillion something...and thirty-two cents.

It must surely be time for the penny to go away.

Well, we are the "United States" of America, not "Americaland" (as has been pointed out many times before). The Federal government does regulate interstate trade in addition to international trade. Technically, when goods enter one state from another they are "imported". Although I'm reasonably sure he just goofed I figured I'd toss out a possible explanation for ya...


I'mk curious about the poll question. Are we talking about the US economy in general? Or just "the budget"? As in "this years budget"? The one in which the Dems have done everything they could to make up for spending cuts over the last decade or so?

Just the budget. I heard a news story this am and the person being interviewed (don't ask me who) referred to the budget as a 'crisis'...and emphasised the point by repeating the word at least once(dam left wing media!). So I was wondering if others thought it was in crisis mode, just a bit troubling, or 'ok'.

The story was all the way this morning, so my brief recount would be far from accurate, but he brought up the amount of our debt that's now being held by foriegn countries, the social security outlook (grim or merely spooked??), and some other stuff.

/shrug

Without knowing what exactly he thought the "budget" should be instead of what it is, I'm still not sure what he was talking about. A budget (in this context anyway) is a single set of things that the US government spends money on each year. I'm not sure how a budget is "in crisis", unless he's talking about fights over how much money should be spent and why (as in: we're having trouble passing a budget cause no one can agree on it).

Oddly, all the stuff he mentioned really refer to the economy in general, which I don't believe is "in crisis" at all. Unless he's trying to argue that the budget needs to be a certain way in order to deal with the economic conditions he's talking about. Which can still be read a couple different ways of course. A Liberal will say that we need to spend more money (and tax more to pay for it) so as to provide for benefits that we aren't currently providing and pay for it without increasing debt. A Conservative will argue that we should reduce the budget (or at least decrease the amount of increase if that makes sense) so as to reduce the amount we spend and therefore reduce the amount of debt.


Both sides can and will point to various economic indicators to support their point of course, so without knowing what exactly he was proposing we do, I'm not sure what to think of his statement or his claim.

Here in Italy, it currently takes me two wheelbarrows of twenty dollar bills to purchase a loaf of bread.

It's bad enough that even if a Euro was worth a buck, it'd still be stupid expensive for a Coke but, when converted, it comes out to about $4.50 for a can of soda.

The only thing that I know about Europe's common currency, is that AVERAGE inflation in various member countries didn't do anything when the changeover happened, but a lot of disposable, daily consumables like food and drink went up a HEAP in price, while a lot of one-off big-ticket household items like fridges and sound systems plummeted in price.

In reality most Europeans weren't worse off, but they all FELT like they were, because they were buying cups of coffee a lot more frequently than they were buying fridges. Also, tourists to Europe lose out by the deal, with no compensation.... and yet tourist income STILL doesn't cover the cost of maintaining Europe's incredible massive old palaces and their countless invaluable monuments and artwork.

not as bad as Michigans!!

or for some more HI-larious reading...

http://www.michigan.gov/som/0,1607,7-192--177036--,00.html