That Pesky Obama Deficit Chart Thany

Re(1) 'Let it come down', Obsidian Wings, Von
RE(3): Monthly Treasury Statement

To All,

The standard argument against:

is being fought again by libs in the comments section of Obsidian Wings. Von is 100% correct. The numbers from Bush's years are ACTUAL numbers and come from the 'Monthly Treasury Statement'. These numbers are actual expenditures - not budget projections. In fact BusHitlers budgeted deficits were generally FAR HIGHER than the actual deficts. Regardless, the Monthly Treasury Statement includes the annual war supplimental. That site is an exceptional resource. It is located at:

http://www.fms.treas.gov/mts

Use the September reports to get full Fiscal Year data.

And, yes, without the FY2007 war supplimental we were looking at a deficit of about $70 Billion. You can see the DOD splurge on receiving the supplimental.

And, the total cost of the war has been about $100 Billion/year. A cost President Obama has elected to continue.

And, Bush had a role in the FY2009 bloat. But had nothing to do with the 'Emergency Stimulus Bill ($860 Billion) nor any of the other 'emergency' spending that occured after January 19th (more auto and bank bailouts). He is responsible for TARP - which never was completely obligated (and will not be) and is now being paid back (at least in part). Will President Obama's 'Stimulus' be paid back. Nope. Splitting the blame will actually be fairly simple. Bush - TARP. Obama - Everything else. We will, however, have to wait till someone breaks it down. We have to wait to see if the banks are stupid enough to keep enslaving themselves via TARP bailout cash. I think it is clear they are staying far far away from the TARP Baby.

And, at what point in the Bush Presidency was there ANY talk of defaulting on Treasury debt or inflating our way out of paying it?

And, the evil BusHitler warned us in 2000 and 2004 that Social Security was heading into the red by 2008/09. And, yup, it shore is bubbas.

Son of Spendulus is the Master Spender

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Just a note, just a note...

The numbers for President Bush are actual. The numbers for President Obama are projected. The Bush numbers include any money spent during his administration for the war and TARP.

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/09/30	$ -127,165			2009/09/30	$ 1,750,000
2002/09/30	$ 158,520			2010/09/30
2003/09/30	$ 374,219			2011/09/30
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
Totals:	$ 2,002,079			Totals:			$ 1,750,000

President Obama has just authorized running a single year deficit that is 82% of President Bush's entire deficit accrued over eight years as President. President Bush did not play a part in the $840 Billion dollar Spendulus bill. President Bush did not play a part in the $410 Billion dollar Son of Spenulus. President Bush has not played a part in spending anything since President Obama gained control of the government.

Who is a better steward of the citizens contributions toward our Federal government???

President Obama, this thing is yours...

Social Security - Rolling Over...

Re(1): Monthly Treasury Statement FY2008
Re(2): Monthly Treasury Statement FY2009

I hate to break this to everybody, but BusHitler was right regarding Social Security. He campaigned on changing it in 2000 and 2004. He stated that FY2009 would be the year Social Secuirity revenue would be exceeded by Social Security expenditures.

That moron hit it on the mark.

Last fiscal year Social Security revenue/expenses were about even:

• Revenue: 658,045
• Expenditures: 657,799

This years projection, not so good:

• Revenue: 682,373
• Expenditures: 699,976

Folks, this is the first year that the government doesn't get to incorporate a Social Security surplus into its revenue stream to buy 'Bridges to Nowhere'!!!

Obviously, with unemployment being 7.6% rather than 4.6% the revenue from payroll taxes will reduce - but that was NOT incorporated into the projections!!! So it will be worse!!!

And, now President Obama wants to spend more money - with comments that it is the spending that counts, not judicious spending. Just spending.

Finally, BusHitler was right. The long term benefits of compounding interest investment requires a long term. He figured eight years. Then prayed four years would be enough. Bubbas, we gave him nothing (and, noting todays stock market collapse if you just watched your investments rather than moved them, nothing might have been for the best!!!).

Now, President Obama is six inches into the hole - a hole he probably knew nothing about. He was talking about Hope and Change. The time for small, incremental change is over!!! I Hope he can come up with a new financial Change that is not a killer!!!

Folks, we punched ourselved in the face.

Invest in The New 'Treasury Turd Bonds'

Re(1): 'It's not a bailout; it's the dollar's credibility', The Skeptical Optimist, Steve Canover

Let us postulate that the government funds the purchase of the cookies with Treasuries. If our brilliant government asset managers (maybe borrow some expertise from Fannie Mae or Freddy Mac) can melt, mash, and refine the assets - separating the turds from the chocolate - than you have at least two piles of assets. The pile over here is comprised of quite tasty chocolate chip cookies. Yummy. I think I saw Barney Frank romping and chomping on that pile. But, over here, a nauseating fecal smell permeates the atmosphere. The dogs come by, sniff, and walk away. Children run gagging from that pile of ‘assets’.

However, we know the truth, eh… Nobody will be able to refine these assets into their elemental parts. How are you going to know if grandma Boomer One bought a small, almost imperceptible, turd in her cookie while grandma Boomer Two owns an untainted treat. Anyone think any politician will have the heart tell Grandma One to give her cookie back – tell her she is gobbling on a turd. Upper lip quivering and feeling her pain or something. We all know everything will be dumped at fire sale prices because the government will not be able to sniff out the turds from the chips. Our government won’t even want to get on their knees and initiate the sniff test.

Regardless, assuming our vaunted government sniffers are up to the task, now what do we do?

1. Mix it all back together to hide the power of the stench and mark it down with a known turd to chip ratio. What happens to the Turd Tainted Treasuries? This is the most likely ‘solution’. Yippie, this asset lump has a turd to chip ratio of 5%. We can make a plan or something. However, Grandpa and the Chinese and the Saudi Sheiks will want a bit more of a return to cover their potential medical bills. But, at least they know they have a 5% chance of catching cholera.

2. Keep them separate. Wait till the good assets grow in value enough to cover the cost of the turds under the tarp. All the while paying the rent on the gym where the two piles are stored (the cost of borrowing required to purchase the original pile of tainted assets). Might be a while. Then hire someone to start shoveling the turds into the toilet bowl. Don’t want this to be a SuperDome thang, eh…

Here, however is my solution!

Since the brilliant government flaks are obviously in charge – and worthy of managing a trillion dollars – they obviously have some handle on what they are buying. That is, they must have some idea of how big the pile under the tarp is in relation to the one Barney Frank has been traipsing in. Have confidence. Now, in my opinion the government should fund the ORIGINAL purchase of the asset mix via two different instruments. Something like a Ginnie Mae for the yummy cookies. And, a brand new ‘Treasury for Turds’ bond for the not so good cookies. If someone buys the ‘Treasury for Turds’ bond he/she is speculating that there will still be some chips in the mess. Probably a good bet, eh. Then get to the refining.

Here, is my offer to those who want part of the action via my personal assets:

I’ll buy the second ‘Treasury for Turds’ bond.

You buy the first.

Hopefully, the bond will have a cute design like a Disney stock certificate. Maybe a collector’s item.

Thank You Senator Obama

Re(1): 'Obama says no place for Palin daughter story', The Politico, Jonathan Martin

Senator Obama, I cannot vote for you because politically I do not agree with the direction you are taking. To be fair, I can barely lean in wahtever direction McCain wobbles into.

However, I have always thought you a gentleman and a decent person. I gave you a longer look than I have given any Democrat for President in my sensible voting lifetime.

Children and non-politicizing family should not be hassled during an election.

My concern - and the major reason I averted my eyes from your candidacy - are the zealots that track you. Democratic Underground and DailyKOS adherents are not folks I want to be around.

Kinda like Bill Ayers, eh - zing!!!

Choices Made…

Re(1): 'The Fourth Turning', William Strauss and Neil Howe

Senator McCain:

An Artist who got kicked in the teeth chose a GenX Reformer with a background of challenging the establishment while sending her child off to a Fourth Turning war. Governor Palin definitely defines the ‘Nomad’ in Strauss & Howe’s ‘The Fourth Turning’. She is an energetic leader who is unafraid to make the hard call needed to get the job done. She obviously is not a dutifull follower of entrenched 'experts'. So, let me mention some others in that Archetype:

• Francis Drake
• Nathaniel Bacon
• George Washington
• Ulysses S. Grant
• David Eisenhower
• David Petraeus

Yup, many of them are wartime leaders. Another example would be Harry Truman, eh… They are the leaders of men that decide the conflicts of their era. They are not necessarily the Prophets of Ideas – but, as you can see by the list, they are not devoid of game changing punch in that realm either.

If Governor Palin follows the Archetype her traits will be as follows:

Positive Reputation	Negative Reputation
Savvy	Unfeeling
Practical	Uncultured
Perceptive	Amoral

Senator Obama:

A Prophet who lives the life of a Nomad selected an Archetypical Artist from the previous saeculum. This is a generation that seems to get lost in the mix. Some behave like Prophets, others Nomads. This archetype comes to flower AFTER the Fourth Turning conflict and erects the foundations that stabilize the next four generations (United Nations, NATO, Warsaw Pact, Civil Rights Movement, etc.). Biden's archetype is this generations GenX children.

I think Biden, however, will simply get lost in this the crisis era. He has made NO mark yet – so why should he in the time remaining. He is too old, his values too conflicted, and his positives are too dreamy to be useful in a time of conflict. His negative traits overwhelm those positives in a Fourth Turning. To be fair I will document those traits as follows (and invite you to come to your own conclusions on his role in this Fourth Turning):

Positive Reputation	Negative Reputation
Caring	Sentimental
Open-Minded	Complicating
Expert	Indecisive

An interesting dynamic, eh. The patterns became clear while watching reruns of CSPAN and listening to replays of talk radio this weekend. Palin fits the era, Biden does not. McCain flows in and out but is tough and decisive, Obama sits dead center as a Prophet but is weak and indecisive and picks someone elses choice for Vice President.

Interesting times we live in, eh.

Time to Select the Company and Platoon Leaders

McCain has selected his XO…

I t should be obvious - and the timing is right. Republicans must select their next batch of Senate and Congressional leader. Take the initiative! Place those selections in the public eye. Make those selections reformers – not Joe Biden or Ted Stevens or Robert Byrd Lites. May I STRONGLY suggest you look at some of the folks on McCain’s short list. No more pork barrel pigs or stodgy time servers.

Prove you are on board.

Do not wait till January.

Do it now, elect reformers, and step into power after the November elections.

That is what WE want.

McCain Selects His XO

Senator McCain picked a challenging, but impressive, XO.

He wanted someone loyal. Not all decisions made in the Oval Office are 100% righteous. Not all are made with 100% certitude. Not all are black or white. All, however, should be made honorably and with concern.

Similarly, he wanted someone who would challenge him if the decision process became a dishonor. If one became flippant.

Anyone out there think Governor Palin will be a toady. This is a two edge sword, but it is obvious that a real leader wanted a real XO.

McCain has picked XOs before.

• Character and Leadership
• Talent and Promise
• Wanted an XO
• Got One.

PS. Whatever one may think of the other potential selections (Romney, Pawlenty, Cantor, etc.) it is apparent now that the Republican bench is quite big, quite promising, and quite effective. The Democrats, not so much…