The idiots of the astroturf “teabagger” movement plan some big rallies (maybe even 4 or 5,000 people NATIONWIDE will attend!) for the 4th of July. Their corporate handlers/inventors have struggled to get even this handful active-but the MSM would make you believe that this “spontaneous” movement is more popular than Jesus.

When those morons gather with their misspelled signs and their FOX-fed chants, they will be addressed by some of the country’s prominent Rushpublican politicians. And there, of course, be the irony; the “teabagger” idiots are going to have in their midst the guys who created the debt that they claim to be so worried about-as the featured speakers at their pissy little rallies! How on Earth can you take people who are so damned STUPID as anything but idiots?

Yes, they’re dangerous idiots, to be sure…. but they’re idiots.

There are two basic truths about the enormous deficits that the federal government will run in the coming years.

The first is that President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.

The New York Times analyzed Congressional Budget Office reports going back almost a decade, with the aim of understanding how the federal government came to be far deeper in debt than it has been since the years just after World War II. This debt will constrain the country’s choices for years and could end up doing serious economic damage if foreign lenders become unwilling to finance it.

Mr. Obama — responding to recent signs of skittishness among those lenders — met with 40 members of Congress at the White House on Tuesday and called for the re-enactment of pay-as-you-go rules, requiring Congress to pay for any new programs it passes.

The story of today’s deficits starts in January 2001, as President Bill Clinton was leaving office. The Congressional Budget Office estimated then that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012. Today, the government is expected to run a $1.2 trillion annual deficit in those years.

You can think of that roughly $2 trillion swing as coming from four broad categories: the business cycle, President George W. Bush’s policies, policies from the Bush years that are scheduled to expire but that Mr. Obama has chosen to extend, and new policies proposed by Mr. Obama.

The first category — the business cycle — accounts for 37 percent of the $2 trillion swing. It’s a reflection of the fact that both the 2001 recession and the current one reduced tax revenue, required more spending on safety-net programs and changed economists’ assumptions about how much in taxes the government would collect in future years.

About 33 percent of the swing stems from new legislation signed by Mr. Bush. That legislation, like his tax cuts and the Medicare prescription drug benefit, not only continue to cost the government but have also increased interest payments on the national debt.

Mr. Obama’s main contribution to the deficit is his extension of several Bush policies, like the Iraq war and tax cuts for households making less than $250,000. Such policies — together with the Wall Street bailout, which was signed by Mr. Bush and supported by Mr. Obama — account for 20 percent of the swing.

About 7 percent comes from the stimulus bill that Mr. Obama signed in February. And only 3 percent comes from Mr. Obama’s agenda on health care, education, energy and other areas.

If the analysis is extended further into the future, well beyond 2012, the Obama agenda accounts for only a slightly higher share of the projected deficits.

How can that be? Some of his proposals, like a plan to put a price on carbon emissions, don’t cost the government any money. Others would be partly offset by proposed tax increases on the affluent and spending cuts. Congressional and White House aides agree that no large new programs, like an expansion of health insurance, are likely to pass unless they are paid for.

Well how ’bout that. Somewhere around 80% of the debt those “patriotic” teabaggers are so worried about was created by their monkey idol and his rubberstamp Rushpublican Congress. And yet, these cretins are looking to the very people that rubberstamped every monkey request to fix the problem?

Jesuski W. Christ, these are some exceptionally stupid people, aren’t they?

Tags: deficits, failure, rushpublicans, teabaggers

This entry was posted on Thursday, June 11th, 2009 at 1:03 pm and is filed under Jolly Roger, Republican'ts!, Stupidity. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.