CBO: Debt could double GDP by 2037

LOL. Thought so.

Just so we're clear, the foundation of your plan says Fuck you to the working middle class and poor. "You're not working hard enough, work harder".

So all your fellow republicans on this site who are self admitted poor are just not working hard enough, right? Two Thumbs, Stephanie, Big Fritz, etc...they just need to work harder right?

Got it.

What it says is equal treatment for all.. not just when it benefits you... not something to be thrown aside when you want something from someone else...

Do you have to work harder?? Nope... But you don't get to say you want a cellphone at the expense of the government... You do not get something for nothing and do not get a zero bill for things others must pay for.. Well, that is unless you truly earn nothing...

How much you want to bet that if people had to actually pay an equal % share of the bill, that there would be a lot more call against huge spending?? Easy to vote for handouts and other things when you ain't paying for it...

I am a conservative, and no apologies for it... and when I was a young adult making $7 an hour, I had to make due.. Wasn't easy in the military either making $800 a month.. and yep, would have been a little harder making $640 a month... Wasn't easy when I started working a second job when my then wife gave birth, during whatever off time I had... But never once did I think, no matter how hard it was, that it was someone else's job to make up for my income standing... it was my job to get where I wanted or needed to be... and if I didn't do it, it was my place to deal with the consequences of my decisions... I was not owed, nor should anyone be owed pampering for poor decisions...

Simply put, your bill is not someone else's to pay

You could have just said "Fuck the poor and the middle class".

Yeah.. equal treatment is fucking everyone.. that is seriously the platform you run on... well, until you scream for equal treatment when it benefits you...

When it comes to your personal situation, you fuck yourself if you don't do what you have to to take care of yourself... others do not exist to take care of the personal responsibilities of others thru force...

What you simply say is you want equal treatment when it benefits you or your cause, and fully support unequal treatment of others when it benefits you or your cause... otherwise known as you simply support tyranny based on your subjective whims
 
"...there isn't a long term consequence..."

Do you use the same logic when considering your credit card bill, or mortgage?

If people used your logic, no one would ever take out a mortgage in the first place.

Different having a mortgage where you have to borrow more to make the interest only payment

And, most of us don't have a press that turns out money....

Friend Polk seems not to be aware of the result of an ever-more inflated currency.
 
We could start by doing something about this:

defense_spending_by_country.png
 
See, brainwashed dupes, you don't just cut social programs and taxes on the rich (who alone have prospered under voodoo- 273% wealthier while the rest and the country are slowly ruined), you cut all and make all share the sacrifice.

Romney's ACTUAL plan- Cut taxes on rich, destroy Medicare/aid, Health Reform, raise pentagon spending, cut regs on Wall St, worry about debt in 2035...BRILLIANT

You are duped. Change the channel.
 
'The federal debt is expected to be 70% of the gross domestic product by the end of this year, and could be double the GDP by the year 2037 unless major changes are made, the Congressional Budget Office reports.

"Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945," says a new CBO report. "Consequently, the amount of federal debt held by the public has surged.

"By the end of this year," the report added, "CBO projects that the federal debt will reach roughly 70 percent of gross domestic product (GDP), the highest percentage since shortly after World War II."

trillion.jpg


CBO: Debt could double GDP by 2037

I guess you missed the part where this forecast was based on not letting the Bush tax cuts expire.
 
We could start by doing something about this:

defense_spending_by_country.png

Oh agreed... there are indeed places to cut defense spending.. but to bring it down to the rest of the world?? Nah.. I like having a military advantage

But do not forget, the national defense is something the fed is actually constitutionally charged to do.... it's not constitutionally charged to take care of personal responsibilities of the citizenry, nor is it charged to be a protection nanny over choices or mistakes... nor is it charged to be your personal trough of funds for your adult education and so many more things
 
'The federal debt is expected to be 70% of the gross domestic product by the end of this year, and could be double the GDP by the year 2037 unless major changes are made, the Congressional Budget Office reports.

"Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945," says a new CBO report. "Consequently, the amount of federal debt held by the public has surged.

"By the end of this year," the report added, "CBO projects that the federal debt will reach roughly 70 percent of gross domestic product (GDP), the highest percentage since shortly after World War II."

trillion.jpg


CBO: Debt could double GDP by 2037

I guess you missed the part where this forecast was based on not letting the Bush tax cuts expire.

Who are the Congressional Democrats running on ending the Obama middle class tax cuts again?


LOL
 
We could start by doing something about this:

defense_spending_by_country.png

Oh agreed... there are indeed places to cut defense spending.. but to bring it down to the rest of the world?? Nah.. I like having a military advantage

But do not forget, the national defense is something the fed is actually constitutionally charged to do.... it's not constitutionally charged to take care of personal responsibilities of the citizenry, nor is it charged to be a protection nanny over choices or mistakes... nor is it charged to be your personal trough of funds for your adult education and so many more things

Nothing in the Constitution justifies overspending on the military.
 
We could start by doing something about this:

defense_spending_by_country.png

Oh agreed... there are indeed places to cut defense spending.. but to bring it down to the rest of the world?? Nah.. I like having a military advantage

But do not forget, the national defense is something the fed is actually constitutionally charged to do.... it's not constitutionally charged to take care of personal responsibilities of the citizenry, nor is it charged to be a protection nanny over choices or mistakes... nor is it charged to be your personal trough of funds for your adult education and so many more things

Nothing in the Constitution justifies overspending on the military.

Nothing in the constitution justifies spending on college loans or grants at all...

But the constitution does DIRECTLY charge the federal government with national defense... sorry.. you know those strictly laid out and specific powers granted to the government in that very document
 
I think we have a winner for idiotic post of the day....

Please, tell me how chaos will befall the nation from having to spend 65 trillion dollars out of a pool of over 1,000 trillion?

Uhh.. that 1,000 trillion is not all the government's to do with as they choose...

If you spend 65 trillion and take in 35 trillion and are now in debt more than your intake in 1 or 2 years, you are indeed in trouble and have consequences...

Unless, like you libs want, you just decide that everything is yours for the taking.. Well, I won't say unless, because as your debt and spending addiction grows, more and more people will not stand for it and fight back

The entire 1,000 trillion doesn't have to belong to the government. They only need to find a way to collect 65 trillion of it. That's 6.5%. Holding all other government spending constant, that would result in an economy where government revenue equals 40% of GDP. That's far less than many European nations run today. And that's assume an apocalyptic scenario were the economy does not grow at all in the next 75 years.
 
If people used your logic, no one would ever take out a mortgage in the first place.

Different having a mortgage where you have to borrow more to make the interest only payment

And, most of us don't have a press that turns out money....

Friend Polk seems not to be aware of the result of an ever-more inflated currency.

Covering the cost doesn't require any inflation. It only requires knowing the economy will grow at an average rate above zero for the next 75 years.
 
'The federal debt is expected to be 70% of the gross domestic product by the end of this year, and could be double the GDP by the year 2037 unless major changes are made, the Congressional Budget Office reports.

"Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945," says a new CBO report. "Consequently, the amount of federal debt held by the public has surged.

"By the end of this year," the report added, "CBO projects that the federal debt will reach roughly 70 percent of gross domestic product (GDP), the highest percentage since shortly after World War II."

trillion.jpg


CBO: Debt could double GDP by 2037

You gotta be schittin' me

Reagan cut taxes for the rich and quadrupled the national debt. Clinton took a debt mess, balanced the budget and left a surplus. George W. Bush took a surplus, cut taxes twice using reconciliation to block Democrat opposition and doubled the debt again.

The first day of the first Obama budget, October 1, 2009 the annual interest on Reagan-Bushes debt was almost half a trillion dollars. You people make my arse crave lime juice:


Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00
 
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