Will Bush increase deficit spending to put off the predicted, looming recession for another year?

Question

Will building a house on a foundation of debt surely fall?

Oldvet (below) Does this mean that you slept through the 80s recession?

crikeyme_mate (below) Suggest you go to the Treasury Dep Site (below) and put in dates before making false statements.
http://www.treasurydirect.gov/NP/BPDLogin?application=np

try 01/03/2000 to 08/05/2007

AmericanPatriot (below) Did you say Home Ownership or Home Foreclosures were at an all time high?

Answer 1

This recession has been predicted and looming since the 60's. DO you have anything new?
No, it does not. It means I started a business back then and sold it 10 years ago with enough profit for my wife and me to retire. Slept through it? Hardly.

Answer 2

Comptroller General of the United States
David Walker

because congress and the president have spent more of our money then they have managed to raise in revenue the deficit is more than 7 trillion or more than two thirds that of the US Economy

When you factor in entitlement programs like social security and other entitlements Americas debt is near 46 trillion
thats:

4 times the size of the US Economy
More than $150,000 for every man , woman and child in America
$350,000 dollars for every full time worker in the nation

According to Walker every American would have to give up 90 percent of their income to fund just the current liabilities and unfunded promises in the future

Wake up Democrats and Republicans did this to us its not ones fault or the others but both. Maybe we should go Libertarian

Answer 3

He has to set even a miniscule foundation for the Republican Presidential nominee. His administration is now in a holding pattern and will do nearly everything for the Rebublican Party leading up to November 2008.

Answer 4

what deficit spending? every report that comes out since the tax rate cuts went into effect the debt has been shrinking, even in the midst of carrying on a war in iraq. what resession also? last i had checked, the employment rate for the country was around 95%, which is 'complete employment' for the country. it is always assumed 5% of the population isnt working because they are stay at home parents, between jobs, students, or things of that nature.

Answer 5

W's house of cards will come tumbling down, but not until he is out of office and no longer able to manipulate the facts, media or the Amercian people

Answer 6

What recession? Unemployment at record lows, NASDAQ breaking records, home ownership at an all-time high, consumer confidence up, consumer spending up, etc. What about that says recession?

You are uninformed my liberal friend.

Answer 7

gah Chi, i think the economy regarding these types of issues is really the only thing we honestly disagree on.
But I do doubt that deficit spending will stop. So I agree with that.

Answer 8

Thats what has been happening. Him putting off the recession is going to make the recession hit us that much harder.

Edit:

Here are the facts.

"Stock Market Plunges Following China Decline"

http://www.tigersharktrading.com/articles/7552/1/Stock-Market-Plunges-Following-China-Decline/Page1.html

"Blame Dollar Weakness on the Fed, Bush and China"

http://www.tigersharktrading.com/articles/9509/1/Blame-Dollar-Weakness-on-the-Fed-Bush-and-China/Page1.html

Would you like a nice cup of great depression with that?

Answer 9

The economy is like that bridge that just collapsed.

Answer 10

I REALIZE NOW THAT THE DEMOCRAT VOTERS ARE STUPID. DEMOCRAT VOTERS ARE A PUPPET ON A STRING FOR THE DEMOCRAT PARTY!! YOUR PARTY HAS GIVEN 100 BILLION DOLLARS TO KEEP ARE TROOPS IN IRAQ.