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epicsurvivor“Find me a one-handed economist,” President Harry Truman used to say, expressing his frustration at his economic advisers’ tendency to say “On the one hand, Mr. President…, but on the other hand.”
This story from Christian Science Monitor is chock full of two-handed predictions…
Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.
Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates.
Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product.
The possibility of a balanced budget should be heady news for this embattled Administration, embroiled in a divisive foreign policy. And as campaign craziness season begins in earnest, look for both sides to claim credit for the improved economic situation, seeing it as either evidence that supply-side economics has worked again, and that the ’01 tax-cutting program should be made permanent, OR as proof that tax-cuts should be phased out in 2010 as scheduled, and needed investments to the social infrastructure should be made.
Tags: trend | surplus | substantially | spending | shrinking | rising | REVENUE | Released | percentage | Outlook | ongoing | NUMBERS | grown | gross | federal | faster | economy | Economist | Domestic | deficit | costs | campaigns | budget | barely | averaged | analyzed | according | TREASURY | Politics | Iraq | guantanamo | Europe | department | afghanistan
Filed under: business and economy, Election 2008, News and politics, Now Public
Everything good written or said about the Bush administration always comes with a “BUT”. Nobody can just say it’s working, let’s get behind this. It doesn’t mater what the subject is, if it’s working, there is “BUT”.
Speaking of “BUTTS”, it’s almost two years away and the dhems are starting to eat their own. Do you think anyone will be left standing come Nov. 2008?
Hillary Clinton, Obama in Hot Exchange Over Hollywood Heavyweight’s Comments
“We aren’t going to get in the middle of a disagreement between the Clintons and someone who was once one of their biggest supporters. It is ironic that the Clintons had no problem with David Geffen when was raising them $18 million and sleeping at their invitation in the Lincoln bedroom,” Obama campaign communications director Robert Gibbs said in a statement that was e-mailed to the news media.
Pass the popcorn, this should be good.
Pass the popcorn nothing. It’s like sitting on the front row of a Gallagher show, he’s about to bring out the ‘sledge-o-matic’ and you have to scramble for your sheet of plastic to keep the ‘splatter’ off. You know it’s gonna get messy, but you are laughing your a55 off all the same.
Yep! More like that. Great analogy N2L, it’s gonna be worth the price of admission.
Tax cuts, like abstinence, have worked every time they have been tried.
Dhimmicrats despise both methods equally, because they work.
/they don’t need no stinkin’empirical results
Eve must have been the liberal in the Garden of Eden, thus the doom and gloom outlook all the time. Lib’s are descended from Eve, and have an inbred need to screw things up. So where would they be if all was well with the world?
/sarc (just in case) The sky looks very angry
I think Eve must have been the moderate, and the evil serpent was the liberal. It spoke with forketh-tongue, and was venomous, after all.
Wait a minute…I thought, from your perspective, the sky would look very happy.(?)
It Does, just CMA from the lightning strike in case I just may be wrong. But you may be on to something with the snake theory. Hhuummmm, fits pretty well.
That storm you are looking at is supposed to get here by Friday night.
It seems to be stuck over Eureka, dang’it, so don’t wait up for it.
We could sure use some more rain. After two dry years, the wet January we had really helped fill our lakes back up, and it would be nice to be near capacity when the spring rains start.
WE have reserves from last year but, where I live there is plenty of springs and such. Even Hot Springs! Imagine that…
We had an extremely wet 04, so we went into 05 well stocked. Good thing, cause by the spring of 06 watering restrictions were in effect for the whole area, and ranchers were getting hurt big time, selling off all but a breeder stock, as they couldn’t afford to feed and water them.
Hot Springs are way cool.
Okay, time for a link dump.
The Earth was warming before global warming was cool.
9/11 attacks ‘an incident’
It’s official: San Diego paper a propaganda organ.
Arguing from ignorance.
“Hot Springs are way cool”
I don’t go to them, there’s people there. Naked Hippies, mostly. But Mrs. D loves them. (the hot springs)
Saw a house from either the late 1800s or early 1900s that was heated by water piped in from the hot springs on one of the home shows on television.
Course, the downside is that the hot springs come with a volcano.
Seems that what Geffen was totally pissed about was that then President Clinton pardoned Marc Rich instead of Leonard Peltier, as he had particularly requested. (Imagine that, the outgoing President would prefer to pardon a guy that was guilty of income tax evasion over a murderer. Go figure.)
So if they was living on a volcano, why did they need hot water piped in?
I ain’t never let know hippies get in my way of enjoying what the world has to offer. I can always add a few bubbles for them, as I leave.
“Course, the downside is that the hot springs come with a volcano.”
Swamps, they always do. We can kill the muslim crazies, but if Mother Nature awakes, we’re boiled.
Yeah, but how much money did the murderer have, versus the vast wealth of Rich? Clintoon is as obvious as the cellulite on Shrilleries thighs.
The hot springs are peaceful. I just don’t care to bathe with more than one other at a time. Well…since I’ve been married anyway.
Well, seems as if Geffen felt he was entitled to have a murderer sprung because of his fundraising.
That’s your story and you’re sticking to it, huh, Robert D?
I approve of the way Prez Bush has handled the economy; I wish more could be done about social security reform, but doesn’t look like that can happen.
What I don’t understand is the way the borders have not been secured. The best reason I can come up with is that he has information to the effect that the situation within Mexico is severe enough that he thinks it is in our best interests to keep it open, but that seems pretty far fetched.
Yeah swamps, after a divorce at age 30, I had more fun than should be allowed while I was single. When I said I Do this time, well you know.
Swamps, how’s that RamCharged knee?
Swamps, the border thing becomes a little more clear when you hear about the 45% of our oil that comes from Mexico. If we go after the Iran, we need Mexico. I’m pretty sure on the 45%, I heard it today, but as always you can fact check it. But it does explain some strange non-action from Bush.
I’ve been married my entire adult life.
N2L, that knee is a LOT better since it warmed up the past couple days! I could probably go running on it and if it hadn’t been raining this evening, I would have tried it out.
Don’t think it’s 45%, but it’s a bunch.
That aside, there has to be a very clear answer as to why our border isn’t sealed, and they ain’t telling.
Especially with Chavez showing his solidarity with Iran. I really do think GW will do what he thinks is best for the country and hang the political ramifications.
How long since you rolled on that wheel?
Might be some other parts that might be all rusty, by now.
You raise a good point, with the increase of radical leftard governments gaining strength in South America. A democratic, and economically strong Mexico is a good buffer to the Marxist governments in SA.
“I’ve been married my entire adult life.”
Comment by SwampWoman — February 22, 2007 @ 12:12 am
Congrats Swamps, that was my intention too. But some young ones just can’t handle it. Or should I ask, have you been married to the same man, all of your adult life?
(ducking now)
Henh.
Sigh. No exercise whatsoever now since I came down with that cough/cold/fever thing over Christmas. I had recovered enough to try a 3 (or maybe 4) mile run, but the coughing was bad enough I decided to postpone exercise another week the day before the ram whacked me.
Yes, to poor SwampMan, Robert D. The man is a saint (except when he’s a total a**).
Dang, Swampie.
Better get out the WD40, you gonna have some rusted up bolts, and what nots.
Just like he says I’m an angel (except when I’m a total bitch). The bitch part, of course, is when I want him to do something that he doesn’t want to do, like use the remote.
Swamps, sounds good to me!
It shows, too (boy does it show). Gad, I hate middle age and would like a do-over for even 10 years ago.
Dang, fading out y’all.
Think I will make like Prodi, and leave.
/henh
“Middle” age? I have to live to be over 100 to for this to be middle age. Middle age must be around 35-40.
I need to go move blind mama ewe from an open to covered pen for the rest of the night because I’m afraid it will storm before morning; I’m still keeping her and her lamb separate from the other ewes and lambs. Lamb’s front legs have finally straightened out after a week of corrective taping and physical therapy.
/New job–sheep physical therapist.
G’nite N2L.
Well, y’all men do have a tendency to wear out sooner….
Most of my grammaw’s relatives lived into their 100s. On the other hand, Grandpa died in his 40s of esophageal cancer. Wuh oh.
Yeah, g’night, N2L. Hope you’re feeling better, those chest colds really kick my butt. Even when somebody offers to rub my chest with that vapo-rub stuff.
That’s the sad part. The “Big C” don’t care how well you live. I used to hate the saying ‘when your numbers up, it’s up’ but it seems to be true. But there’s always the bus story when crossing the street.
One last thing.
So far, the cold hasn’t gotten into my chest, only a teensy bit.
Found this link over at B5. I’ve got it bookmarked.
Tanker Brothers.
found your link dump, it posted at #15
One more link, so I can close all these windows.
Debunking The War For Oil Theory.
Uhh…one more.
Ann Coulter.
Sorry nuke, had waaaaay too many open windows open.
/night
hehee, nite
Dang, I love Ann Coulter’s way with words.
/Not jealous of her appearance, just the way she puts words together.
Well, I’ve wandered off and read N2L’s links, and it appears that y’all may have gone to sleep. Goodnight, then, and have a good tomorrow.
i was reading too.
Nt swamps
G’nite all. Tried your suggestions nuke. Thanks,