Democrats Other Deficits

Money screams, right?

"Interest groups boost spending on 2010 congressional races" by T.W. Farnam, Washington Post  |  October 6, 2010

WASHINGTON — Interest groups are spending five times as much on the 2010 congressional elections as they did on the last midterms, and they are more secretive than ever about where that money is coming from....

The trends amount to a spending frenzy conducted largely in the shadows.

The bulk of the money is being spent by conservatives, who have swamped their Democratic-aligned competition by 7 to 1 in recent weeks.  

Related: Buying a Change of Congress 

 It is coming from them and the Chamber of Commerce.

The wave of spending is made possible in part by a series of Supreme Court rulings unleashing the ability of corporations and interest groups to spend money on politics.  

See: Clear the Court: Signing the Campaign Checks

Also see: Countering the Court: Your Political Fix

That bill was blocked. 

Conservative operatives also say they are riding the support of donors upset with Democratic policies they perceive as antibusiness.

“The outside group spending is primarily being driven by the political climate,’’ said Anthony Corrado, a professor of government at Colby College. “Organized groups are looking at great opportunity, and therefore there’s great interest to spend money to influence the election. You’ve got the possibility of a change in the control of Congress.’’

The increase in conservative spending has come both from established groups and from groups only a few months old. On the left, major labor groups such as the Service Employees International Union have ratcheted up their expenditures compared with 2006 but are unable to keep up with groups on the right.

One of the biggest spenders nationwide is a little-known Iowa group called the American Future Fund, which has spent $7 million on behalf of Republicans in more than two dozen House and Senate races....

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Also see: Democrats Caught With Drawers Down

How ironic the ruling party is getting screwed after they screwed you, Americans:

"Federal deficit hits $1.3 trillion, stirs outcry from GOP; Voter anger over spending may affect elections" by Martin Crutsinger and Andrew Taylor, Associated Press  |  October 16, 2010

WASHINGTON — The Obama administration said yesterday that the federal deficit hit a near-record $1.3 trillion for the just-completed budget year.

That means the government had to borrow 37 cents out of every dollar it spent as tax revenues continued to lag while spending on food stamps and unemployment benefits went up as joblessness neared double-digit levels in a struggling economy....  

If TAX REVENUES are LAGGING we are NOT in a RECOVERY! 

And GUESS WHO gets to PAY THAT OFF, American taxpayers?

Voter anger over deficits and spending is a big problem for Democrats this election year. Republicans are slamming Democrats, who may face big losses in November, for votes on Obama’s $814 billion economic stimulus last year and on former President George W. Bush’s $700 billion bailout of Wall Street.

Democrats say the recession would have been worse if the government hadn’t stepped in with those programs and note that most of the bailout, which began during the previous administration and was supported by many Republicans, has been repaid.

I'm so sick of being lied to. That's reason enough to turn them all out!

Outside of the bailout, the federal budget went up by 9 percent in the 2010 budget year to $3.5 trillion. Food stamp payments rose 27 percent as record numbers of people took advantage of the programs, while unemployment benefits rose 34 percent as Congress extended benefits for the long-term jobless. 

Yeah, the WARS, CORPORATE WELFARE, and AID to ISRAEL have NOTHING to DO WITH IT!   It's ALL because THIS GOVERNMENT is CARING FOR YOU, right?  

Un-flipping-real!!!!!!!!!!

Related: Senate Balks on Unemployment Benefits in Favor of Bank Bailouts

Extended only so far, worker.  Too bad you were not a Wall Street bank, bro.

The administration is projecting that the deficit for the 2011 budget year, which began Oct. 1, will climb to $1.4 trillion. Over the next decade, it will total $8.47 trillion.  

I can't pay that back, sorry.

Deficits of that size will constrain the administration’s agenda over the next two years and will certainly be an issue in the 2012 presidential race....  

Yeah, sure it will. It is ALL PART of their agenda!  

And IF it DOES CONSTRAIN their agenda, GOOD!  

That is why we are voting them out!


So far, the huge deficits have not been a threat to the country. That’s because interest rates have been so low coming out of the recession and the United States has been seen as a safe haven for foreign investors willing to keep buying US Treasury bonds. 

Except THAT is CHANGING in a BIG WAY! 

Don't expect to see the NEWSPAPERS telling you the rest of the world is preparing to DUMP the DOLLAR!

But the situation could change once the economy gains more momentum, analysts warn.  

Or if it doesn't.

“If we get to 2013 and policymakers don’t look like they have a credible plan to deal with the deficit, then interest rates are likely to rise significantly and that will jeopardize the recovery we have underway at that time,’’ said Mark Zandi, chief economist at Moody’s Analytics.

How does he even know we will be in recovery then?  

He thinks we are going to WAIT AROUND until 2013?

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