Thread: Will any of the intoxicated Obama followers notice this one.

I wonder what hes up to now,cutting middle class retirees off of thier social security and medicare benefits so he can fund projects like a high speed train from los angeles to las vegas,giving health care to illegals and the likes,and saving mice in pelosis home district?If this wasn't so sad it would be funny.

Can it get any more ridiculous then this?Obama is now worried about future debts?Sounds kind of scarey to me.


By JONATHAN WEISMAN
With a $787 billion stimulus package in hand, President Barack Obama will pivot quickly to address a budget deficit that could now approach $2 trillion this year.

He has scheduled a "fiscal-responsibility summit" on Feb. 23 and will unveil a budget blueprint three days later, crafted to put pressure on politicians to address the country's surging long-term debt crisis.


Reuters
President Barack Obama, left, meets Deere CEO Robert Lane at White House Friday. Obama defended his stimulus plan before business leaders.
Speaking Friday to business leaders at the White House, the president defended the surge of spending in the stimulus plan, but he made sure to add: "It's important for us to think in the midterm and long term. And over that midterm and long term, we're going to have to have fiscal discipline. We are not going to be able to perpetually finance the levels of debt that the federal government is currently carrying."

Along those lines, White House budget director Peter R. Orszag has committed to instituting tougher budget-discipline rules -- once the economy turns around. Those include a mandate that any "nonemergency" spending increases be offset by equal spending cuts or tax increases.

Officials say the budget blueprint to be released this month will also attempt to make public the full extent of the dire fiscal situation, by not repeating some of the accounting used in crafting President George W. Bush's budgets. Recent budget blueprints excluded from deficit projections the long-term costs of wars in Iraq and Afghanistan. Those budgets also didn't include the cost of preventing the alternative minimum tax -- instituted in 1969 to ensure the rich didn't escape taxation -- from hitting the middle class.

Officials are examining whether to include those costs. The budget will project out 10 years, not the five-year forecast instituted by Mr. Bush. And with the stimulus cost, the fiscal 2009 deficit in the document is likely to exceed the $1.2 trillion forecast by the Congressional Budget Office last month.

Obama aides say they aren't looking for quick action, but a start to the conversation. "We're going to bring some things to the table, but we're going to listen to everybody else," said Christina Romer, chairman of the White House Council of Economic Advisers, in an interview Friday. "It's a giant issue, and it's not one we can solve unilaterally."

The president met with 44 fiscally conservative "Blue Dog" Democrats this week and gave a nod to legislation that would set up commissions to deal with long-term deficit strains. The commissions would then present plans to Congress for an up-or-down vote.

"We feel like we've found a partner in the White House," said Rep. Charlie Melancon (D., La.), a Blue Dog co-chairman.

For Mr. Obama, the national debt has become a pressing dilemma. If he transitions too quickly from priming the economy with money to pulling back for the sake of fiscal rectitude, the president risks choking off whatever economic recovery he might spark in the next year. Ms. Romer points to the seesaw nature of the New Deal, when President Franklin D. Roosevelt would spend big one year and then back away the next, never allowing the economy really to get traction.

But if the administration waits too long to address the deficit, long-term interest rates may have to rise to attract buyers for all those Treasury bonds. That too could send the economy back into recession.

White House economic aides believe they have room to maneuver. Demand for Treasury bonds will remain strong for the next two to three years, a senior administration official said. But the White House also considers it imperative to signal how serious Mr. Obama is about a debt that could soar toward levels experienced by Japan, whose national debt equals the size of the country's economy. At just over 40% of gross domestic product, the U.S. debt is the country's highest in a decade.

That is manageable, administration economists say, but needs to be stabilized.

Projections for 2009 deficit range from Goldman Sachs's $1.43 trillion to $1.9 trillion from economic firm Strategas Research Partners. At 13.5% of GDP, a $1.9 trillion shortfall would more than double the peacetime record during Ronald Reagan's presidency, and approach the mark set in 1942 as the U.S. joined World War II.

Write to Jonathan Weisman at jonathan.weisman@wsj.com

http://online.wsj.com/article/SB123457407865686565.html

I'm an old timer, retired, Vietnam Vet, my spouse and I worked a total of 80+years between us to accumulate what we have, we receive ss pay monthly premium for Medicare and supplemental, yet we still incur some that insurance won't pay. I only state this to make a point and that is what I see unless changes come quick is selective health care for seniors based on some government bureaucrat deciding if you should live or die.

I read in the 60-70's that in time minorities would be in charge of America and resent the cost of old white people collecting SS/Medicare.

Are we there.????

America is fast become a dumping ground for the world's poor, we need as a nation to wake up.

You know, he got that new credit card in the mail, charged it to the max and now he's faced with the bill.

Buyers remorse Obama?

Hmmm, Obama has a degree in law, Bush had a degree in business. Which one do you think has better math skills?

Dixie

The worlds 'poor' will ensure that the 'democrats' stay 'in power' forever. But it will just make white democrat conservatives come over to the 'right' whatever right is offered, it wlll be McCain light, or some minority figurehead, like obama.

America is in big trouble, but the Democrats are going to be pissing ALOT of people off very soon.

I would say that even liberal programs do not like what 'obama' is doing, but alot of dumbocrats at dem underground are drinking the koolaid like it was going out of style soon.