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Where did the Mammoth U.S. Budget Deficits Come From
Christian Science Monitor, by Peter Grier
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Original Article
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Posted By:Momoftwinteens, 9/29/2012 3:55:33 PM
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What’s the cause of the federal government’s huge budget deficits? That’s a question that is harder to answer in the particular than you might think. The general problem is obvious: Uncle Sam has been spending more money than he takes in. The specific reasons as to why this state of affairs exists are a mix of human decisions, economic circumstance, and the cumulative effect of time. Headline split by staff
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Comments: An interesting look at the deficit problem
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Reply 1 - Posted by:
bob913, 9/29/2012 4:00:32 PM (No. 8898869)
I can sum it up. Congress spent our money like drunken bums.
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Reply 2 - Posted by:
Time4AR2, 9/29/2012 4:04:07 PM (No. 8898878)
I can sum it up better:
A democratic Congress spent our money like drunken bums.
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Reply 3 - Posted by:
Ida Lou Pino, 9/29/2012 4:04:41 PM (No. 8898881)
Ummm - - where? Where did it come from?
Hmmm - - I'd say - - i'd say it was the cost of the bridge to the 21st century. We had to build it - - it was a shovel-ready job - - but it was really, really expensive.
Other than that - - it's probably no one's fault - - the deficit just kinda showed up one day - - and hey - - what can you do?
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Reply 4 - Posted by:
country boy, 9/29/2012 4:16:52 PM (No. 8898902)
I thought it has been pretty clear for some time
We have a type of Cloward–Piven strategy in place designed to turn our democracy into a dictatorship. Obama believes he will lead the country into this dictatorship.
http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy
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Reply 5 - Posted by:
St. Pitbull, 9/29/2012 4:33:55 PM (No. 8898939)
The next time that anyone hears a lib say that the dims are for "the little people", just spit in their face. The fact is that they have expanded government so much that it cannot do what it's few actual intended purposes are. The people who, through no fault of their own, truly need assistance aren't getting what they need to have a decent life at all from the dims. The dims have taken money which should have gone to them and spent it to buy the votes of the ignorant and lazy people that have no business being on welfare - like the obamaphone person (can't really tell the gender of it). As the people that you've just spit in their face wipe the spittle off their face, kick them in the groin and tell them that's from the truly needy people that the dims have screwed. Repeat as necessary.
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Reply 6 - Posted by:
oh-heck, 9/29/2012 4:56:18 PM (No. 8898975)
Tax cuts accounted for a further $2.8 trillion of the $11.7 trillion discrepancy. (Yes, the big kahuna here is Mr. Bush’s 2001 reduction in income-tax rates, which alone accounts for about $1.2 trillion in revenue foregone over the decade.)
By my math that leaves the remaining $1.6 trillion to Mr Obama's various tax cuts and credits. Keep in mind that the current admin was really fond of credits that were paid to taxpayers that had no tax liability.
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Reply 7 - Posted by:
faldo, 9/29/2012 5:17:37 PM (No. 8899004)
Cloward-Piven-McCain
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Reply 8 - Posted by:
sinic, 9/29/2012 5:41:51 PM (No. 8899024)
Obama and his liberal friends say it was a gift from George W. Bush.
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Reply 9 - Posted by:
sgtfox of the jarhead clan, 9/29/2012 7:28:30 PM (No. 8899206)
A fortune was spent buying votes with give away programs for the simple. It works every time with the same low intelligence tribal groups. Give them free phones and watch them jump and sing in the street like children.
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Reply 10 - Posted by:
snichols, 9/29/2012 7:33:35 PM (No. 8899217)
#6: Interesting that revenues went way up with the Bush tax cut...how can that contribute to the debt? Huh?
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Reply 11 - Posted by:
ColonialAmerican1623, 9/29/2012 10:34:57 PM (No. 8899483)
Refer to the article about over $1 billion spent for the royal grifters.
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Reply 12 - Posted by:
beancounter, 9/30/2012 12:28:37 AM (No. 8899582)
While we're asking why some pie-in-the-sky fantasy projection from 11 years ago is wildly off, why don't we ask why the unemployment rate didn't stay below 8% as projected.
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Below, you will find ...
Most Recent Articles posted by "Momoftwinteens"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Momoftwinteens"
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Where did the Mammoth U.S. Budget Deficits Come From
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Christian Science Monitor, by Peter Grier
Original Article
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Posted By: Momoftwinteens- 9/29/2012 3:55:33 PM
Post Reply
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What’s the cause of the federal government’s huge budget deficits? That’s a question that is harder to answer in the particular than you might think. The general problem is obvious: Uncle Sam has been spending more money than he takes in. The specific reasons as to why this state of affairs exists are a mix of human decisions, economic circumstance, and the cumulative effect of time. Headline split by staff
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Most Active Articles (last 48 hours)
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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The most shocking news you won´t see in the MSM today
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/9/2013 11:49:09 AM
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The murder trial of abortionist Kermit Gosnell largely is being ignored by the mainstream media, even in the face of grisly testimony, such as what we heard yesterday. Life News reports: ...a former employee described how she heard a baby scream during a live-birth abortion. Abortion clinic employee Sherry West described an incident which "really freaked (her) out" and related to the jury how she heard a child who was born alive following an abortion scream.
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Obama says he´s ´determined as ever´ for gun bill
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Associated Press, by Nedra Pickler
Original Article
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Posted By: Desert Fox- 4/8/2013 10:27:49 PM
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HARTFORD, Conn. -- With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he´s "determined as ever" to honor their children with tougher laws. Obama´s gun control proposals have run into resistance on Capitol Hill, leaving their fate in doubt. Efforts by Senate Democrats to reach compromise with Republicans over expanding required federal background checks have yet to yield an agreement, and conservatives were promising to try
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Kim Jong-un Wants Phone Call from Obama - report
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Korea Broadcast Service, by Staff
Original Article
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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White House: Planned GOP gun filibuster cowardly
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Washington Times, by Dave Boyer
Original Article
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Posted By: Dreadnought- 4/8/2013 11:08:31 PM
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Beginning a week of high pressure on gun control, the White House on Monday accused some Republican senators of cowardice for planning to filibuster gun legislation without allowing the full Senate to vote on President Obama’s initiatives. “If they oppose this legislation, have the courage to say so on the floor and vote no,” said White House press secretary Jay Carney. “Don’t block it. Don’t hide behind a procedural action to prevent a vote. That’s the wrong thing to do, and that’s how the president clearly feels.”
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´Mickey Mouse Club´ star Annette Funicello dies at 70
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Los Angeles Times, by Dennis McLellan
Original Article
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Posted By: JoniTx- 4/8/2013 1:18:00 PM
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Annette Funicello, the dark-haired darling of TV´s “The Mickey Mouse Club” in the 1950s who further cemented her status as a pop-culture icon in the ´60s by teaming with Frankie Avalon in a popular series of “beach” movies, died Monday. She was 70. Funicello, who was diagnosed with multiple sclerosis in 1987 and became a spokeswoman for treatment of the chronic, often-debilitating disease of the central nervous system, died at Mercy Southwest Hospital in Bakersfield, Walt Disney Co. spokesman Howard Green said. Funicello and her husband, Glen Holt, had moved from
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Chelsea Clinton doesn´t close door to public office
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USA Today, by Catalina Camia
Original Article
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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Special ops veterans’ group calls for select probe of Benghazi attack
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Fox News, by Catherine Herridge
Original Article
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Posted By: JoniTx- 4/8/2013 7:00:09 AM
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More than 700 Special Operations veterans are urging members of Congress to back a select committee to investigate last year’s Benghazi terrorist attack, according to a letter first obtained by Fox News. The letter from the group, “Special Operations Speaks,” supports the appointment of a special committee tasked with the single mission of investigating the attack that left Ambassador Christopher Stevens and three other Americans dead, and shut down the CIA operation in an annex of the Benghazi consulate, in the Sept. 11, 2012 attack. “Congress must show some leadership and provide answers to the public
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Obama flying 11 relatives of Sandy Hook victims to D.C. on Air Force One so they can back gun control in person
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Associated Press, by Staff
Original Article
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Posted By: BuckeyeRon- 4/8/2013 4:05:18 PM
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President Barack Obama is bringing 11 relatives of those killed in the shooting at Connecticut´s Sandy Hook Elementary School to Washington on Air Force One on Monday so they can personally encourage senators to back gun legislation that faces tough opposition. A nonprofit organization that works with the families, Sandy Hook Promise, said that after Obama´s speech on gun control in Hartford, he is flying with relatives of seven children and one staffer killed during December´s massacre at the school. The White House says Obama is going to argue that lawmakers have an
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Updated: White House, McCain blast Cruz for threatening filibuster over guns
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Houston Chronicle, by Joanna Raines
Original Article
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Posted By: JoniTx- 4/8/2013 4:55:05 PM
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There was growing buzz over the weekend that a bipartisan agreement on gun control — a deal that would expand background checks — could hit the floor as early as this week. However, any deal could be derailed by the looming threat of a Republican filibuster involving Texas Sen. Ted Cruz. With Cruz standing proudly in the way of any gun legislation, Democrats are trying to make him pay a political price — and even a couple of high-profile Republicans are questioning his tactics.
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North Korea´s Army Is Full of Jumping, Leaping, High-Kicking Martial Artists
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Atlantic, by Connor Simpson
Original Article
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Posted By: Pluperfect- 4/8/2013 5:48:23 AM
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Amid all of the very real threats of war and stuff from North Korea, you´d think American intelligence officers want as much video footage of the enemy as possible. Well, here is one video featuring North Korean exercises and Kim Jong-Un holding a gun, and we´ll say this: they certainly get points for presentation. Remember the clap-happy report from Dennis Rodman´s diplomatic basketball vacation? This video comes courtesy of the same Youtube channel that gave us that Rodman video. It appears to be the same state news channel.(Snip for video)This latest dispatch from North Korea´s state television
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Gay Connecticut couple accused of raping adopted children will face trial
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New York Daily News, by Erik Ortiz
Original Article
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Posted By: Drive- 4/8/2013 8:52:23 AM
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The case of a same-sex Connecticut couple accused of repeatedly raping and abusing two of their nine adopted boys is headed for trial. Married couple George Harasz and Douglas Wirth of Glastonbury were supposed to be sentenced Friday in Hartford Superior Court under a plea deal, but instead withdrew from their agreement with prosecutors. The men had already pleaded no contest in January to one felony count each of risk of injury to a minor — a reduction from even more serious charges related to sexual assault....
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