BBC News.
While they do have their slant on things, they're not as bad as some of the American services.
BBC News.
While they do have their slant on things, they're not as bad as some of the American services.
Submitted by GWB, final resolution approved by the House June 5 2008. Signed into law by President Obama Mar 11 2009.
Also from the wikipedia article you referenced:
"Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Tax cuts resulting from the American Recovery and Reinvestment Act of 2009 accounted for nearly half of the lost revenue."
http://en.wikipedia.org/wiki/2009_Un...federal_budget
It's typical to allow a new president to sign their own budget. In this case they added like 400 billion + in spending to it before it was signed. Which made it 400 billion more than the CBO projected on top of the fact they blindly chose to ignore the prospect of lower tax receipts.
The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
The tax receipt was already lower than the budget. It has been so, from Bushes first budget. Clinton handed over a budget that spent less than the tax receipt. Obama would have had to roll back Bush tax cuts, to return to at least the tax rate we had when tax receipts were higher than spending.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
It is by caffeine alone I set my mind in motion. It is by the beans of Java that thoughts acquire speed, the hands acquire shakes, the shakes become a warning.
-Kujako-
Can you agree that a HUGE portion of that deficit is the result of revenue shortfalls from the financial collapse of the US?
In 2009, revenues generated were 600 billion lower than expected while expenses were 400 billion greater than expected. About half those additional expenses were from TARP, and about half the reduced revenue was from the Stimulus tax cuts.
Last edited by Reeve; 2013-02-21 at 07:35 PM.
'Twas a cutlass swipe or an ounce of lead
Or a yawing hole in a battered head
And the scuppers clogged with rotting red
And there they lay I damn me eyes
All lookouts clapped on Paradise
All souls bound just contrarywise, yo ho ho and a bottle of rum!
I'm still trying to figure out if Oblivion thinks O'Keefe is a credible news source as he seems to.
I was certain it had been more than five, but I spent a while digging today, and you're right. I'm still no fan of Obama, and I do think NPR and PBS present their own slant to the news, but in this case, you're right and I'm wrong. I'm arguing a distinction without a difference here - I'm not going to demonstrate what I wanted, even if I was right (which I'm not).
In a way, that's actually a good thing - I do personally like NPR, and I'm glad to be convinced that they're being more evenhanded than I thought they were.
I doubt there are any reputable sources of news in any country, as they all seem to be financed and controlled by their respective governments to keep the masses controlled.
Ye, I'm a total lunatic me.