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Obama inherits long-lasting deficit
Azerbaijan News.Net Wednesday 7th January, 2009
US President-elect Barack Obama has admitted he expects to inherit a US budget deficit approaching $1 trillion.
Obama, after meeting with his economic team, said the trillion-dollar deficit could stretch into coming years.
He said he and his team would instill responsibility into future budget choices.
Obama, who takes over from President George W. Bush on January 20th, is seeking quick action from Congress on a package of spending and tax-cut measures that are likely to total nearly $775 billion over next two years. Email this story to a friend
Comments on this story
` ~galljdaj+ 01-08-09, 08:23 AM |
Obama inherits long-lasting deficit
Saddly Obama, is playing the same game as lil bush, and not working for the Peoples!
Oh he has nice words and show crumbs for the People, and that is far different than the bald lies of lil bush.
But, Obama is playing the politic game, not leading the UNITED STATES!
He is not focused on fixing the broken and ommitted Plans of the past 30 years, which is the cause of Our Current Depression!
He is adding to the Problems! Smoke and Mirrors!
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Anonymous 01-08-09, 01:25 PM |
Hey men, you got a Quarter ?
Start counting days from January 20th to 6-or-9 months after, the forthcoming Republican Party’s fundraising luncheon/dinner speeches, Republicans will start to criticize the Negronomics leading the United States at a wrong direction to a dead-end zone, caused the $1.3 trillion federal deficit of national debt to let your grandchildren generation-and-generation to burden on this highest-tax wrapper.
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wakado 01-08-09, 09:08 PM |
He has been talking shits now it time for him to do something beside talking and promises thing that very impossible to do.Hw can sweet talk anybody and I hope all those sweet talk can been in motions or results.
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Anonymous 01-09-09, 05:50 AM |
not unless you have 2 dimes change.
Unregistered;122790: Start counting days from January 20th to 6-or-9 months after, the forthcoming Republican Party’s fundraising luncheon/dinner speeches, Republicans will start to criticize the Negronomics leading the United States at a wrong direction to a dead-end zone, caused the $1.3 trillion federal deficit of national debt to let your grandchildren generation-and-generation to burden on this highest-tax wrapper.
scams by US bankers with Government certified AAA bonds allowed america to live beyond its means -its own wealth creation -set off this financial mess as americans couldnt keep up the interest payments on the credit house loans credit cards etc.
american living standards will drop massively without the trillions of foreign supplied credit flowing through the economy.
In a normal economic downturn Keynesian spensing might kickstart the economy a bit.
With the credit freeze up capitalism is on panic leave.
Past Deficit spending for militarism and wars by past Replublican and democrats mean that more deficit spending by obama to try and fix the mess on top of the ongoing deficit war spending will ensure US insolvancy.
Obama is not the “cause” of this spending just a pretend messiah.
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Anonymous 01-09-09, 12:27 PM |
Negronomics is just a so-called Obama’s promotional gimmick to make people think Obama is an economic savior. Actually has or has not Obama studied the Economics 101 course before in college ? Those age 19 to 30 who have been voted for 2008 Obama think they have 8 years of fu_k-up life with George W. Bush, they will have another 4 more years of fu_k-up life with black Obama again. Those housewives and women who have voted for 2008 Obama, Negronomics to put one pound of pork dipped in the water for an hour and later get 1 1/2 pounds of pork; will a housewife want to pay 1 1/2 pounds of water-immersed pork priced money for a pound of pork within 1/2 pound of water ? American people don’t expect Negronomics will add up $1.3 trillion federal deficit of US huge national debt to taxpayer families and let our children generation and grandchildren generations to burden on paying the highest tax later on.
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