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Who exactly do you think we are fighting? It isn't blacks or Asians.Originally Posted by Spent
Load"*",8,1
I don't know about that; Most of the technology used in Vietnam was passed on from the Korean war.
Technology wise, the US military(now) is using state of the art equipment. The Tomahawk missile, alone, is extremely expensive. I can't imagine how many millions of dollars were sent into the sky, the first night we bombed Bagdad.
http://en.wikipedia.org/wiki/BGM-109_Tomahawk
Just imagine, every time we'd launched a Tomahawk missile, 1.2 million dollars was sent into the air; That's like having an F-15 shot down, every time we launch one.
Last edited by gamevet; 14 Nov 2007 at 07:40 PM.
Who exactly do you think we are fighting? It isn't blacks or Asians.
Countdown to the de facto end of the console generation: 5 exclusives
Most recent: Deadly Premonition: Director's Cut (4/30)
Next up: The Last of Us (6/11)
Later: Puppeteer (9/10), Beyond: Two Souls (10/18), Rain (TBA), Until Dawn (TBA)
It's only gonna get funner
Well, sorta, but a lot of the equipment we're using now isn't really all that new either (not all, but a good bit). The military during Vietnam was going through a rapid modernization (new jets, helicopters, the introduction of the M-14 to replace the M1 Garand which was replaced by the M-16 in only a short time period, new combat gear, etc, etc.). Mix all of that in with the fact that we were starting to field ICBM's in a massive quantity (and ICBM's sure aren't cheap), etc.
I get what you mean, but what was 1.2 million dollars back in the 1960's and 70's? Plus, a hell of a lot more of our soldiers were getting killed in Vietnam, especially from 66-69.
i drink it up!
China's a huge economic threat to you right now. If it ever became necessary (read: cost effective) to place levies and taxes on US goods to pay back the debt then countries would do it. Your dollar would be worthless, making it even hard (or impossible) for you to climb out of the hole. All of this for a stupid war for no real reason. The fall of Saddam Hussein was the only positive coming out of it, and it's yet to be seen if the new regime in place will even be any better when you pull out.
It's not like you're going to be going back to tell them off if they dick around. You wouldn't have the money.
Last edited by Drewbacca; 14 Nov 2007 at 11:04 PM.
when do you think the economic hegemonies are going to start popping up?
The EU already exists.
Ol' Dubya's knocking some foul balls this season...
fox newsFederal Budget Deficit for Fiscal 2009 Projected to Be $482 Billion
WASHINGTON — The White House on Monday reported a projection for a $482 billion budget deficit for the budget year ending in September 2009, a number that would be the highest number recorded.
The budget office predicts the economy will grow at a rate of 1.6 percent this year and will rebound to a 2.2 percent growth rate next year. That's a half percentage point more than predicted but also the widely cited "blue chip" consensus of leading economists. The administration also sees inflation averaging 3.8 percent this year, but easing to 2.3 percent next year — better than the 3.0 percent seen by the blue chip panel.
"The nation's economy has continued to expand and remains fundamentally resilient," said the budget office report.
Senior administration officials downplayed the impact of the number, with one noting that as a percentage of the U.S. gross domestic product, the deficit projection would be roughly 3 percent to 4 percent.
Another senior administration official said "a lot can happen" in 18 months that could worsen or improve the outlook, such as an improved economy leading to better tax returns, or increased spending under a new administration. The official specifically warned about the impact a Democrats.
"Democrats could blow the doors off spending and drive the deficit even higher," the official said...
...just Like Clinton did in '93 - '00. Gotta' luv that Fox News.
It is good to carry some powdered rouge in one's sleeve. It may happen that when one is sobering up or waking from sleep, a samurai's complexion may be poor. At such a time it is good to take out and apply some powdered rouge.
also: I like how they don't mention that it's a record deficit in the title, nor do they mention it could be another $80 bills once the final Iraq numbers come in.
Compare it to the yahoo one here.
White House sees record budget gap in 2009
By Jeremy Pelofsky and David Lawder
53 minutes ago
WASHINGTON (Reuters) - The Bush administration on Monday projected the U.S. budget deficit will soar to a record of nearly half a trillion dollars in fiscal 2009 as a housing-led economic slowdown cuts into government revenues.
The economic and fiscal deterioration will complicate efforts to bring the budget to balance and pose challenges for whoever takes over the White House in January, either Republican Sen. John McCain or Democratic Sen. Barack Obama.
"I believe whoever becomes the next president will have a very, very sobering first week in office," predicted Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat.
Reacting to the White House's new prediction that the budget deficit will hit $482 billion in the fiscal year that starts October 1, Conrad said that number easily could rise by an additional $80 billion when the full costs of the Iraq war are tallied next year.
The economy has been hobbled by the housing market collapse and soaring food and energy prices. In February, the Democratic-controlled Congress and President George W. Bush approved a $168 billion, two-year stimulus plan to ward off recession.
With the slowing economy and the cost of the economic stimulus plan, the White House said it thinks the deficit will hit a record $482 billion in fiscal 2009. However, it cut its forecast for the current fiscal year to $389 billion.
White House budget chief Jim Nussle cited the government stimulus checks and slower economic growth as primary reasons for larger deficits in 2008 and 2009. "The determination was made that getting the economy back on track was a higher priority than immediate deficit reduction," he told reporters.
In February, the administration forecast the deficit would hit $410 billion this year and drop to $407 billion in 2009.
The new report said the budget deficit would fall to $178 billion in 2010, and surpluses would emerge in 2012.
However, the deficit projections did not include the full amount of funding for the wars in Iraq and Afghanistan or costly tax law changes, and acknowledged it would be a "challenge" to reach surpluses in 2012.
EDIT: Fox did have the courtesy to include this:The deficit for 2007 totaled $161.5 billion, which represented the lowest amount of red ink since an imbalance of $159 billion in 2002. The 2002 performance marked the first budget deficit after four consecutive years of budget surpluses.
That stretch of budget surpluses represented a period when the country's finances had been bolstered by a 10-year period of uninterrupted economic growth, the longest period of expansion in U.S. history.
In his first year in office, helped considerably by projections of continuing surpluses, Bush drove through a 10-year, $1.3 trillion package of tax cuts.
However, the country fell into a recession in March 2001 and government spending to fight the war on terrorism contributed to pushing the deficit to a record in dollar terms in 2004.
Last edited by Doc Holliday; 28 Jul 2008 at 06:39 PM.
It is good to carry some powdered rouge in one's sleeve. It may happen that when one is sobering up or waking from sleep, a samurai's complexion may be poor. At such a time it is good to take out and apply some powdered rouge.
my rad is killer
GOOD THING I GOT MAD SHARES IN HALLIBURTON!!!!
SO LONG SUCKERS!!!
Well, at least we know the world needs us. We owe them lots of money.
But seriously, it's good to know that Bush is striving to be the best at what he does. He's a record breaker.
LOL @ Republicans warning about Democrats "blowing the doors off spending" in the same article that announces a record deficit. They seriously can't think that anyone believes that tired spiel anymore.
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