You may be on to something. We had a surplus from the guy with the saxophone.

Wars are a huge expense and a huge part of the problem. We got nothing out of them either. Not even a discount on oil. How can this country fund anything when our jobs and a big chunk of our tax base is now working overseas? The big corporations still get the tax breaks but create no new jobs at home. I'd take their tax breaks away unless they were manufacturing here. Fair paying factory jobs are important to the middle class. You might not get rich, but at least you can pay your bills. I'd rather work one manufacturing job than three paper hat jobs or work at Walmart or Target.
Some of the problems were created by this administration but many were handed down from the past administration including a pretty big hunk of the deficit. We got nothing in return from any of these wars and if you think the world is any more secure because of them, think again. I also find it funny that no one on Wall Street was jailed for the economic damage they did. Ever wonder who their friends are? Think their retirement accounts were affected?

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Life...... It's sexually transmitted and always fatal

What do you get out of almost any war.

Absolutely Nothing. There's a song about it.

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Life...... It's sexually transmitted and always fatal

That was what I was waiting for.

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Life...... It's sexually transmitted and always fatal

I should have known you would be first with that. Had to be one of us geezers.

That's what I'm talking about!

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Life...... It's sexually transmitted and always fatal

Which is why I usually sign off like this:

Peace, Gridlok

For most of the 20th century and all of the 21st century (thus far) the United States of America has incurred a budget deficit. That is, for each of these years, the nation spent more money than it had on hand.

These annual deficits are amassed year upon year upon year and collectively become the national debt.

To finance these obligations, the United States Treasury sells bond issues -- usually abroad, but not always.

Now, the bearers of these Treasury issues are starting to clamor for their money as the bonds reach their maturity. Clouds of doubt regarding payback to these investors are now forming because of the recent credit-worthiness downgrade by Standard & Poors, long one of the objective gauges for fiscal soundness.

The deal recently struck between Congress and the administration was supposed to allay those concerns. But because so little federal spending cuts were actually legislated, it's exacerbated an already untenable situation. Mr. Obama -- or indeed, any president -- bears the responsibility for blame solely because he is the CEO, just as with any large complex corporation.

Bottom line?

"Excrement sandwiches" for everyone......

Gnome saing, mon?

Arjay

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"Here's why reliability is job one: A great sounding amp that breaks down goes from being a favorite piece of gear to a useless piece of crap in less time than it takes to read this sentence." -- BRUCE ZINKY