Bush Leaves Biggest Budget Deficit Ever For Next President

WASHINGTON (CNN) — President Bush’s budget chief blamed the faltering economy and the bipartisan stimulus package for the record $482 billion deficit the White House predicted for the 2009 budget year.

White House projects record deficit for 2009 – CNN.com.

Jim Nussle, the director of the Office of Management and Budget, said the deficit would be about 3.3 percent of the nation’s gross domestic product, the measure of the nation’s total economy.

The fiscal year begins October 1, 2008.

The federal deficit is the difference between what the government spends and what it takes in from taxes and other revenue sources. The government must borrow money to make up the difference.

While the deficit would be a record in absolute dollar terms, Nussle said it would be below the 2004 deficit, 3.6 percent of GDP, and the record deficit of 1983, 6 percent of GDP, when compared with the size of the overall U.S. economy.

Now one needs to remember this is without including the money for Bush’s War or the one in Afghanistan.

For those who can’t say you can blame an economy on one person, you are right.  However, when that one person embodies a political ideology and follows through with that, and it tanks, horribly, you can hold him and it fully responsible.

Read more for why that is…

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The Cost of Stupidity Just Went Up

FARK.com: (3656470) As the national average for a gallon of unleaded regular gasoline reaches $4, keep in mind that mere months ago President Bush accused a reporter who asked about $4 gas of liberal bias

Dr.Zom : 2008-06-08 08:22:47 PM
Electing an oil man president and complaining when the price of gas goes up is like electing a pimp and complaining about the rising price of vagina.

And the truthiness flows…this particular piece of it coming from this story.

NEW YORK – The average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.

Prices at the pump are expected to keep climbing, especially after last week’s furious surge in oil prices, which neared $140 a barrel in a record-shattering rally Friday.

While Americans who have to drive will feel the biggest squeeze, the increased prices also translate into higher costs for consumers and businesses, who will be forced to shoulder increased transportation costs of food and anything else that needs to be transported.

[full story]

Really folks, is there any question left as to where the blame lies for this debacle?

Der Vassermeister Quote 2008-06-08 08:52:25 PM
Do you know the price per barrel of oil in February 200[3]? (For historical context, that would be the month before the Iraq invasion). The answer is that in February 200[3], the month before the Iraq invasion, the per barrel price of oil was [$35.87]. Thank you preznit numb nutz.
[note: had to edit for accuracy, but I liked the point. source]

Is This Like Scryentology?

Davenetics* : Frontline: Bush’s War

Frontline is always good. But they have outdone themselves with a remarkably detailed documentary on the incredibly disturbing lead up to, and execution of, what they call Bush’s War.

It really was a perfect storm of bad judgment, malicious intent, a power structure out of balance, a weak Natl Sec Adviser, a marginalized secretary of state, an all-powerful veep, a lazy Congress, and outplayed British PM, a foolishly managed French foreign policy, an ignored military leadership, an Oedipal complex hall of fame President, and a media that focused on Rumsfeld’s funny press conference delivery instead of highlighting the fact that he was wrong, horribly wrong, on just about any point that mattered.

Watch the documentary here.

Even today, the least focused on part of the story is that Osama bin Laden may very well end up dying of old age.

Catch up to the last 5 years in 2 hours.

Follow Me Off This Cliff, dangit.

Book Details U.S. Pressure On Allies Before War – washingtonpost.com

UNITED NATIONS — In the months leading up to the U.S.-led invasion of Iraq, the Bush administration threatened trade reprisals against friendly countries who withheld their support, spied on its allies, and pressed for the recall of U.N. envoys that resisted U.S. pressure to endorse the war, according to an upcoming book by a top Chilean diplomat.The rough-and-tumble diplomatic strategy has generated lasting “bitterness” and “deep mistrust” in Washington’s relations with allies in Europe, Latin America and elsewhere, wrote Heraldo Muñoz, Chile’s ambassador to the United Nations, in his book “A Solitary War: A Diplomat’s Chronicle of the Iraq War and Its Lessons,” set for publication next month.

He sure showed them.

You can too Engineer Society

How will the Iraq war end? | csmonitor.com

On one basic point, the US invasion of Iraq has been wholly successful: It toppled Saddam Hussein. That may not seem as important today as it did at one time, given that the invasion also did not find any of his vaunted weapons of mass destruction, and that the unintended consequences of his removal have proved to be numerous.

But many of Mr. Hussein’s neighbors considered him a source of instability. At least one US ally in the region remains grateful he is gone.

“Any Iraq will be better than Iraq under Saddam, because the Iraq of Saddam had the ability to threaten Israel,” says Shlomo Brom, a senior fellow at Tel Aviv University’s Institute for National Security Studies and former head of the Israeli Defense Force’s Strategic Planning Division.

Of the misjudgments made by the US prior to its initiation of hostilities, however, one of the most profound was its error in predicting how Iraqi society would react once freed of Hussein’s grip. Pushed by extremists, it split into ethnic and sectarian groupings. It turned out that few Iraqis – or, at least, not enough of them – had been waiting for the day they could found a Jeffersonian democracy.

“The main lesson of the invasion of Iraq is that you cannot engineer society,” says Mr. Brom.

I’m telling ya, it’s daaaamn easy to engineer society.   All you need to do is start with a society of robots. 

Then profit is only two steps away.