Cash for Clunkers Success

[gales0678]

Originally Posted by dellinger63

yea like the dems thinking the following is possitive proof the economy is improving

Bailouts for financial firms and billions in tax revenue lost because of the recession drove the deficit to a record $1.3 trillion in July, according to the independent Congressional Budget Office (CBO).

Tax receipts that have fallen due to the poor economy and increased spending to save car companies, banks and mortgage firms were major contributors to the federal deficit, according to CBO, which provides official budget numbers for Congress. The federal deficit grew by another $181 billion in July.

Spending through July of 2009 has increased by $530 billion, which is 21 percent over the same period in 2008. The bailout money for banks, Freddie Mac and Fannie Mae accounted for almost half of the spending increase. Unemployment benefits have more than doubled, Medicaid spending has grown by a quarter and Medicare spending has increased by 11 percent.

Tax revenue for the first three quarters of 2009 has fallen by approximately $350 billion, or 17 percent compared to the same period last year, due mostly to the effects of the recession on payroll, income and corporate taxes. A third of the decline is due to tax breaks in the stimulus, including the middle-class tax cut that President Obama campaigned on during last year's election.

The independent budget scorekeeper has projected the deficit to reach $1.8 trillion by the end of the fiscal year, Sept. 30. The deficit in 2008 reached $455 billion, which was a record at the time.

is the goal to increase the deficit cause if it is they're doing a heck of a job?

Beating the previous record set by Bush by 395% is something to be proud of and we haven't even seen the effect this healthcare bill and cap and trade will be. Maybe the goal is 1000%.

dell you're not going to convince anyone that this isn't bush's fault because people just like to keep on the blinders ..... jeb will be ready in '12

[SCUDSBROTHER]

Originally Posted by dellinger63

yea like the dems thinking the following is possitive proof the economy is improving

I'm talking about this Cash for Clunkers. You guys are way off on this. Any way to get people into the models of gas-saving cars (that you listed 1 thru 10) is terrific. It's almost like any loyal CONSERVATIVE/ LIBERTARIAN etc. is afraid we're gunna cut down on the gas we use. I can feel the fear in the desperately drawn up arguments being made. The fear of success is pretty obvious.

[Danzig]

as for the original subject of this thread....only 2% of all submissions by dealers has been paid thus far. yet another example of your govt. bureacracy in action. they are so efficient with time and money, it's really amazing.