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| $1.3 Trillion in Deficits Forecast Over Decade | |
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| Tweet Topic Started: Jan 26 2005, 10:06 AM (661 Views) | |
| Fesarius | Jan 26 2005, 02:33 PM Post #31 |
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Admiral
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Agreed--and I would not want this to occur even if we were not at war. ZBB, yes. I wonder if lump sum or line-item budgeting would work for something as complex as the national budget? |
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| Dr. Noah | Jan 26 2005, 03:07 PM Post #32 |
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Sistertrek's Asian Correspondant
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http://my.execpc.com/~jlohman/shields.html Lockheed and Martin Marietta merged this year to form Lockheed-Martin, a company that is expected to generate $11.6 billion in annual military sales. In a scenario of bizarre federal giveaways, U.S. taxpayers will spend $1 billion to cover the costs of related plant shutdowns and employee relocations, even though 30,000 workers will lose their jobs. Another $31 million in federal money will go to top officials of the two companies, one-third or their $92 million bonus package. In fiscal year 1994, U.S. taxpayers, via the Department of Defense, paid a total of $400 million to help Martin Marietta purchase the rockets division of General Dynamics and General Electric's aerospace division and to help GM Hughes purchase General Dynamics' missiles business. # Tax breaks for multinational corporations, costing at least $95 billion over seven years. # Business meals and entertainment write-offs, costing $44 billion over seven years. # Accelerated depreciation, costing $259 billion over seven years. # Tax breaks for insurance companies and their products, costing $204 billion over seven years. # Oil, gas and energy tax breaks, costing $21 billion over seven years. # Tax breaks for timber, agriculture and minerals, costing $10 billion over seven years. # Tax breaks for banks and other financial institutions, costing $7 billion over seven yea |
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| Admiralbill_gomec | Jan 26 2005, 03:44 PM Post #33 |
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UberAdmiral
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Do you have any actual NEWS sources? By the way, you do realize that Lockheed Martin was formed TEN YEARS AGO, right? You'd think some enterprising young crusading reporter from the LSM would jump all over this stuff... |
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| Dr. Noah | Jan 26 2005, 06:13 PM Post #34 |
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Sistertrek's Asian Correspondant
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If you got nothing to say about the content, attack the source. This isn't a blog. This is a law firm. |
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| Intrepid2002 | Jan 26 2005, 07:05 PM Post #35 |
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UNGH!
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In short, let's blame this on Clinton. |
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| Hoss | Jan 26 2005, 07:09 PM Post #36 |
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Don't make me use my bare hands on you.
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Well, as Clinton blamed everything on Reagan, this is about right.
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| Wichita | Jan 26 2005, 08:24 PM Post #37 |
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The Adminstrator wRench
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^^^^ Personal Response Hey, why not? :lol: We are blaming what happened during the Clinton Administration on George W. Bush ..... End of Personal Response |
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| Dwayne | Jan 26 2005, 08:28 PM Post #38 |
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Profanity deleted by Hoss
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I'm sick of those that wish to place blame on one politician or another. This is a nation that governs by the consent of the governed. IF YOU DON'T LIKE HIGH TRADE DEFICITS, EFFING QUIT BUY EFFING JAPANESE CARS, AND IF YOU EFFING DON'T LIKE HIGH BUDGET DEFICITS QUIT DEMANDING GOVERNMENT FREEBIES!!!!!Effing whiners need to get a life. |
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| 24thcenstfan | Jan 27 2005, 12:34 AM Post #39 |
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Something Wicked This Fae Comes
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I say we call it even and just blame it all on Newt Gingrich.
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| Dwayne | Jan 27 2005, 12:41 AM Post #40 |
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Profanity deleted by Hoss
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get back here!!! You're not getting out of this that easy!!!
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| somerled | Jan 27 2005, 03:25 AM Post #41 |
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Admiral MacDonald RN
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Now that's an idea that has merit. You can start with Halliburton , Aerospace Corp. , Alliedsignal Inc. , Avondale Industries , Boeing Company , Computer Sciences Corp. , Dyncorp , General Dynamics Corp. , General Electric Company , The IT Group Inc. , ITT Industries , Litton Industries, Inc. , Lockheed Martin Corp. , The Mitre Corp. , Newport Shipbuilding Inc. , Northrop Grumman Corp. , Raytheon Company , Rockwell Intern. Corp. , Science Applications International , Standard Missile Company , Textron Inc. , TRW Inc. , United Technologies Corp. And all those protected industries who are not operating in a really free market. And by the by , eventually all those loans taken out and the interest will have be paid back, hey it's not going to be money out of my pocket, I'm not resident in the USA or an american citisen. You can't live beyond your means for long without something giving. |
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| somerled | Jan 27 2005, 03:34 AM Post #42 |
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Admiral MacDonald RN
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He's the one who has blown all that money picking a fight (Iraq) and then finding it aint so easy to extract himself without loosing face bigtime. Not to mention giving a tax break to his main supporters at the cost of his less affluent countrymen. |
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| somerled | Jan 27 2005, 03:43 AM Post #43 |
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Admiral MacDonald RN
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You want a free market. He can a buy car manufactured anywhere in the world and it's not for you to comment , it's his choice , and he's probably buying a better product by buying a car manufactured in Japan or the EZ than anything he buy that is manufactured locally. So don't whine about his choice of car or electronics or fishing gear or what have you , just because it happens to made overseas - that's tough titties for uncompedative USA products and industries. (Many of whom are only there now because of government subsidies and protective policies.) It's not industry borrowing and consumer spending on imports that are the issue, it's the extreme government borrowing that is the problem. |
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| Wichita | Jan 27 2005, 07:24 AM Post #44 |
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The Adminstrator wRench
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Personal Response Works for me ..... The man has thoughts of running for president in 2008 ..... End of Personal Response |
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| Wichita | Jan 27 2005, 07:31 AM Post #45 |
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The Adminstrator wRench
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Personal Response Oh, now there's a good idea ... :rolleyes: Having the government get into the business of making ALL the goods that it uses .... worked well for the Soviet Union
.... well, before it disintegrated, of course ...... :lol: Governments needs certains goods to operate. There is no history to suggest that governments can produce those goods cheaper or of better quality than private industry can produce them. To claim an ordinary, everyday sales contract is somehow disasterous and unfair to the everyday taxpayer is just silly. ![]() End of Personal Response |
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IF YOU DON'T LIKE HIGH TRADE DEFICITS, EFFING QUIT BUY EFFING JAPANESE CARS, AND IF YOU EFFING DON'T LIKE HIGH BUDGET DEFICITS QUIT DEMANDING GOVERNMENT FREEBIES!!!!!

9:45 AM Jul 11