Deficits: Then And Now

[PoliticalChic]

Oh, nooozzzz

Another Obama supporter running off and hiding.

 

[EdwardBaiamonte]

The author of this thread attacks a state with a surplus, thinking she is making some sort of a point about deficits and Democrats.

the simple point is that Democrats favor deficits to keep the welfare flowing to their ever growing dependent voting constituency and so killed every Republican effort to make deficits illegal.

That is simply false.

dear, you have to say why it is false! Notice a liberal is too stupid to know that a reason is necessary. What he really said was: "As a liberal I have feeling it is false but being stupid I have no reason to think its false so, being stupid, I'll believe in my feelings much like those who followed Hitler Stalin and Mao did.

 

[NYcarbineer]

The author of this thread attacks a state with a surplus, thinking she is making some sort of a point about deficits and Democrats.

the simple point is that Democrats favor deficits to keep the welfare flowing to their ever growing dependent voting constituency and so killed every Republican effort to make deficits illegal.

That is simply false.

dear, you have to say why it is false! Notice a liberal is too stupid to know that a reason is necessary. What he really said was: "As a liberal I have feeling it is false but being stupid I have no reason to think its false so, being stupid, I'll believe in my feelings much like those who followed Hitler Stalin and Mao did.

You didn't back up your claim with anything, why should I back up mine.

 

[EdwardBaiamonte]

I vote for whoever has the best policies at the time....I don't care what party that is.

that means you are being stupid. You should vote for a philosophy not a policy, but that means you have to have intelligence to know what policy goes with what philosophy..

 

[EdwardBaiamonte]

, why should I back up mine.

too stuipid as always!! You're asking me why reason is necessary but too stupid to know what you've asked.

 

[NYcarbineer]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

 

[EdwardBaiamonte]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

 

[PoliticalChic]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

There is, of course, the question as to whether the Democrats don't care about the costs...or they are oblivious.

1. The Social Security plan was that workers would pay for retirees, and, based on actuarial tables, those who died earlier than expected would add to the fund.

a. No one considered that life expectancy would increase?

b. No one considered that the balance of workers and retirees might change?

c. No one calculated the long-term costs?

d. Ida May Fuller, the first person to begin receiving benefits, in January, 1940, when she was 65- she lived to be 100. “…worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.”
Social Security History

 

[NYcarbineer]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

PAYGO was effectively controlling deficits until the Republicans abandoned it.

 

[NYcarbineer]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

There is, of course, the question as to whether the Democrats don't care about the costs...or they are oblivious.

1. The Social Security plan was that workers would pay for retirees, and, based on actuarial tables, those who died earlier than expected would add to the fund.

a. No one considered that life expectancy would increase?

b. No one considered that the balance of workers and retirees might change?

c. No one calculated the long-term costs?

d. Ida May Fuller, the first person to begin receiving benefits, in January, 1940, when she was 65- she lived to be 100. “…worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.”
Social Security History

Reagan saved Social Security.

 

[PoliticalChic]

1. 'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” 'http://www.nytimes.com/2010/10/17/magazine/17obama-t.html


2. "Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off."
Mondale says We re going to tax their ass off


3.‘As background to its estimates, the CBO notes that spending on Medicare, Medicaid, and Social Security will rise rapidly in the future, pushing up "primary" federal spending (excluding interest payments on the debt) from 18.2 percent of GDP today to 28.3 percent in 2050 and 35.3 percent in 2082. With interest payments included, spending will hit 41.8 percent of GDP in 2050 and 75.4 percent by 2082…."[t]he tax rate for the lowest bracket would have to be increased from 10 percent to 25 percent; the tax rate on incomes in the current 25 percent bracket would have to be increased to 63 percent; and the tax rate of the highest bracket would have to be raised from 35 percent to 88 percent. The top corporate income tax rate would also increase from 35 percent to 88 percent."
Peter R. Orszag, Director, Congressional Budget Office, letter to Representative Paul Ryan (R–WI), May 19, 2008, eons

 

[EdwardBaiamonte]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

PAYGO was effectively controlling deficits until the Republicans abandoned it.

why worry and go through hell for all of history when you could simple make deficits illegal and be done with this constant cancer on our economy. Simple, Democrats want to be sure the wlefare will keep flowing to their ever growing voting constituency. The only problem with the treasonous Democratic strategy is that the more it succeeds the more the country declines.

 

[NYcarbineer]

[


Then there's this:
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term
Obama pledges to cut nation s deficit in half - Feb. 23 2009

The deficit is now less than half of that.

if Democrats really cared about deficits rather than ever growing welfare
they would simply join with Republicans and make them illegal.

PAYGO was effectively controlling deficits until the Republicans abandoned it.

why worry and go through hell for all of history when you could simple make deficits illegal and be done with this constant cancer on our economy. Simple, Democrats want to be sure the wlefare will keep flowing to their ever growing voting constituency. The only problem with the treasonous Democratic strategy is that the more it succeeds the more the country declines.

Republicans busted the 2000 balanced budget, not Democrats.

 

[NYcarbineer]

1. 'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” 'http://www.nytimes.com/2010/10/17/magazine/17obama-t.html


2. "Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off."
Mondale says We re going to tax their ass off


3.‘As background to its estimates, the CBO notes that spending on Medicare, Medicaid, and Social Security will rise rapidly in the future, pushing up "primary" federal spending (excluding interest payments on the debt) from 18.2 percent of GDP today to 28.3 percent in 2050 and 35.3 percent in 2082. With interest payments included, spending will hit 41.8 percent of GDP in 2050 and 75.4 percent by 2082…."[t]he tax rate for the lowest bracket would have to be increased from 10 percent to 25 percent; the tax rate on incomes in the current 25 percent bracket would have to be increased to 63 percent; and the tax rate of the highest bracket would have to be raised from 35 percent to 88 percent. The top corporate income tax rate would also increase from 35 percent to 88 percent."
Peter R. Orszag, Director, Congressional Budget Office, letter to Representative Paul Ryan (R–WI), May 19, 2008, eons

The Republican counter to the so-called tax and spend liberal was to stop taxing and keep spending.

 

[EdwardBaiamonte]

1. 'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” 'http://www.nytimes.com/2010/10/17/magazine/17obama-t.html


2. "Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off."
Mondale says We re going to tax their ass off


3.‘As background to its estimates, the CBO notes that spending on Medicare, Medicaid, and Social Security will rise rapidly in the future, pushing up "primary" federal spending (excluding interest payments on the debt) from 18.2 percent of GDP today to 28.3 percent in 2050 and 35.3 percent in 2082. With interest payments included, spending will hit 41.8 percent of GDP in 2050 and 75.4 percent by 2082…."[t]he tax rate for the lowest bracket would have to be increased from 10 percent to 25 percent; the tax rate on incomes in the current 25 percent bracket would have to be increased to 63 percent; and the tax rate of the highest bracket would have to be raised from 35 percent to 88 percent. The top corporate income tax rate would also increase from 35 percent to 88 percent."
Peter R. Orszag, Director, Congressional Budget Office, letter to Representative Paul Ryan (R–WI), May 19, 2008, eons

The Republican counter to the so-called tax and spend liberal was to stop taxing and keep spending.

dear, the Republican counter was 30 Balanced Budget Amendments to make deficits illegal. Democrats killed everyone of them because passing one would in effect make Democrats illegal.

 

[Toronado3800]

1. 'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” 'http://www.nytimes.com/2010/10/17/magazine/17obama-t.html


2. "Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off."
Mondale says We re going to tax their ass off


3.‘As background to its estimates, the CBO notes that spending on Medicare, Medicaid, and Social Security will rise rapidly in the future, pushing up "primary" federal spending (excluding interest payments on the debt) from 18.2 percent of GDP today to 28.3 percent in 2050 and 35.3 percent in 2082. With interest payments included, spending will hit 41.8 percent of GDP in 2050 and 75.4 percent by 2082…."[t]he tax rate for the lowest bracket would have to be increased from 10 percent to 25 percent; the tax rate on incomes in the current 25 percent bracket would have to be increased to 63 percent; and the tax rate of the highest bracket would have to be raised from 35 percent to 88 percent. The top corporate income tax rate would also increase from 35 percent to 88 percent."
Peter R. Orszag, Director, Congressional Budget Office, letter to Representative Paul Ryan (R–WI), May 19, 2008, eons

The Republican counter to the so-called tax and spend liberal was to stop taxing and keep spending.

dear, the Republican counter was 30 Balanced Budget Amendments to make deficits illegal. Democrats killed everyone of them because passing one would in effect make Democrats illegal.

Ed man, come up with something new. Even PC is bragging on the Reagan return on inventment of his deficit spending.

I share your concerns buddy but at some time or other you just need to be able to credit card spend.

 

[EdwardBaiamonte]

you just need to be able to credit card spend.

dear, can you say why?

 

[Toronado3800]

you just need to be able to credit card spend.

dear, can you say why?

Ed, you kind of come off like you are trying to be mean sometime. Is that intentional? Then you ask a question with an obvious answer...

You can't imagine being broke but having a credit card which would allow you to spend $ on a new pair of tires so you can get to work the next day?

Or as a nation suddenly thinking you need a 500 ship navy program to drive the commies bankrupt? Or needing to fund WWII?

 

[NYcarbineer]

1. 'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” 'http://www.nytimes.com/2010/10/17/magazine/17obama-t.html


2. "Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off."
Mondale says We re going to tax their ass off


3.‘As background to its estimates, the CBO notes that spending on Medicare, Medicaid, and Social Security will rise rapidly in the future, pushing up "primary" federal spending (excluding interest payments on the debt) from 18.2 percent of GDP today to 28.3 percent in 2050 and 35.3 percent in 2082. With interest payments included, spending will hit 41.8 percent of GDP in 2050 and 75.4 percent by 2082…."[t]he tax rate for the lowest bracket would have to be increased from 10 percent to 25 percent; the tax rate on incomes in the current 25 percent bracket would have to be increased to 63 percent; and the tax rate of the highest bracket would have to be raised from 35 percent to 88 percent. The top corporate income tax rate would also increase from 35 percent to 88 percent."
Peter R. Orszag, Director, Congressional Budget Office, letter to Representative Paul Ryan (R–WI), May 19, 2008, eons

The Republican counter to the so-called tax and spend liberal was to stop taxing and keep spending.

dear, the Republican counter was 30 Balanced Budget Amendments to make deficits illegal. Democrats killed everyone of them because passing one would in effect make Democrats illegal.

Believe any myth you want.

 

[EdwardBaiamonte]

you just need to be able to credit card spend.

dear, can you say why?

Ed, you kind of come off like you are trying to be mean sometime. Is that intentional? Then you ask a question with an obvious answer...

You can't imagine being broke but having a credit card which would allow you to spend $ on a new pair of tires so you can get to work the next day?

Or as a nation suddenly thinking you need a 500 ship navy program to drive the commies bankrupt? Or needing to fund WWII?

dear, you are too slow to be here and have to learn things over and over and over. This is typical of a liberal. All agree that there are emergency exceptions to a balanced budget amendment and also strict rules about paying the deficit down after the emergency.

Liberals oppose because they don't want anything to interfere with their ever increasing welfare programs that are used to subvert America and buy votes.