Dem Budget: 2 TRILLION in NEW TAX HIKES, Deep Cuts at Pentagon

[Soggy in NOLA]

Like it

EVERYTHING on the table....shared sacrifice for all

So, you're now willing to pay like, $1 in taxes and leave the ranks of the 50 per-centers?

I doubt it.

 

[Soggy in NOLA]

I don't agree. If the money is loaned out of SS to the general fund, then SS has bought treasuries,

they loan the money, they collect interest, the full faith and credit of the US is behind paying the money back.

Whatever the differences between that and, say, you or me buying a treasury bond are, are not differences that make a difference,

and if a difference doesn't make any difference, it's not a difference. I think I heard that last night

I could be completely wrong, but that's not my understanding of how the trusts work. I thought that all assets in the trusts were nonmarketable liabilities, i.e. no Treasury bonds.

The reason why people say that the trust fund doesn't really exist, or that it is all IOUs, or an accounting gimmick, is because, in the true tangible sense, that is correct. The trusts don't buy and sell US Treasury bonds. Instead, the government debits and credits the accounts within the trusts as if they really were buying and selling bonds, with the cash flowing through the government in the same manner as it would have had the bonds really existed. If there is a surge in SS receipts, the government debits the SS trust accounts and credits the Treasury, which has the exact same affect as the Treasury issuing a bond to the trusts for that amount of funds. The economics are exactly the same as issuing a bond to the trust, but they don't and instead just skip the middleman and issue nonmarketable government bonds to the trust, which don't "really" exist in the tangible sense.

Special-issue securities, Social Security trust funds

Well, if you had 100,000 in your IRA and it was all in US treasuries, it would essentially all be in IOU's, i.e., the government would have your money but they would owe you interest over time as well as your principal.

I'm not sure what the meaningful difference between that SS is.

The relevant point is that the payroll tax is real money and it belongs to Social Security. The surplus is invested in US govt. obligations by mandate. If the US government NOW wants to make drastic cuts in Social Security, whose fault is that?

The progressives.

 

[candycorn]

Wrong... taxes are high enough already, and have been for years. More taxes will only crush the delicate state of the economy further into the toilet.

What part about that are you liberals incapable of understanding?

Okay we preserved the Bush tax cuts for the foreseeable future...shouldn't the economy be booming about right now then?

This is where the Conservative argument falls flat. The tax cuts that happened while we're fighting 2 wars (unprecedented in history worldwide) should have, according to the Conservatives, set off runaway growth prosperity and cute puppies for all citizens.

Obama preserved them...don't lie and say he didn't.

What happened?

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA&feature=fvwrel]YouTube - ‪President Bush Addresses Nation on Economic Crisis‬‏[/ame]

Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

 

[rightwinger]

Like it

EVERYTHING on the table....shared sacrifice for all

So, you're now willing to pay like, $1 in taxes and leave the ranks of the 50 per-centers?

I doubt it.

Count me in

I currently pay more in taxes than you make

 

[Charles_Main]

SECURITY IS NOT PART OF THE DEFICIT PROBLEM! IT HAS A DEDICATED TAX AND IT'S OWN TRUST FUND.[/B]

And clearly you are a retard. It's "Trust Fund" as been being raped to cover the General Budget for years. Also, on the current track the SS taxes taken in will not cover money going out. SS is indeed a big part of our Debt Problem.

Please try and learn to deal with Facts. Nearly 1/3 if I remember right, Of all our Debt, Is in the form of IUO's Wrote against the SS trust fund.

Silly little Libs.

 

[Charles_Main]

Like it

EVERYTHING on the table....shared sacrifice for all

So, you're now willing to pay like, $1 in taxes and leave the ranks of the 50 per-centers?

I doubt it.

Count me in

I currently pay more in taxes than you make

Notice how lids always sit around and make claims about how much they make, and how much more they make than others. Of course we just have to take their word for it right.

Or should we ask you for a link?

lol

 

[Contumacious]

Like it

EVERYTHING on the table....shared sacrifice for all

So, you're now willing to pay like, $1 in taxes and leave the ranks of the 50 per-centers?

I doubt it.

Count me in

I currently pay more in taxes than you make

HUH?

Parasitic welfare recipients pay taxes?

Who would have thunketh?

.

 

[Toddsterpatriot]

Okay we preserved the Bush tax cuts for the foreseeable future...shouldn't the economy be booming about right now then?

This is where the Conservative argument falls flat. The tax cuts that happened while we're fighting 2 wars (unprecedented in history worldwide) should have, according to the Conservatives, set off runaway growth prosperity and cute puppies for all citizens.

Obama preserved them...don't lie and say he didn't.

What happened?

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA&feature=fvwrel]YouTube - ‪President Bush Addresses Nation on Economic Crisis‬‏[/ame]

Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

You mean TARP?
The bank portion of which has been repaid, at a profit.

 

[Charles_Main]

Okay we preserved the Bush tax cuts for the foreseeable future...shouldn't the economy be booming about right now then?

This is where the Conservative argument falls flat. The tax cuts that happened while we're fighting 2 wars (unprecedented in history worldwide) should have, according to the Conservatives, set off runaway growth prosperity and cute puppies for all citizens.

Obama preserved them...don't lie and say he didn't.

What happened?

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA&feature=fvwrel]YouTube - ‪President Bush Addresses Nation on Economic Crisis‬‏[/ame]

Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

 

[NYcarbineer]

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA&feature=fvwrel]YouTube - ‪President Bush Addresses Nation on Economic Crisis‬‏[/ame]

Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

There has been about 1.1 trillion in tax cuts since the recession began, all on the claim they were needed to stimulate the economy.

 

[Neotrotsky]

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?



Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

Papa Obama voted for TARP so it must have been good and he agreed with Bush


If fact Papa Obama liked it so much, his administration extended it to keep the Bush policy going

Obama Administration Extending TARP Until 2010

Come to think of it

Papa Obama has kept a lot of Bush polices going
Well, imitation is the sincerest form of flattery

 

[candycorn]

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?



Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

Papa Obama voted for the !st TARP so it must have been good and he agreed with Bush


If fact Papa Obama liked it so much, his administration extended it to keep the Bush policy going

Obama Administration Extending TARP Until 2010

Come to think of it

Papa Obama has kept a lot of Bush polices going
Well, imitation is the sincerest form of flattery

Way to run and hide.

Now you're changing your argument....earlier you said it was because Obama overspent that we are NOW having problems; you fail to respond to WHY Bush had to take $700B of our money if his tax cuts were working and it was so efficient.

C'mon, explain why Bush's spending was so good and Obama's was so bad. I'm guessing for someone with your level of intelligence is as simple as black and white.

 

[candycorn]

hmm, what could it be now,,,,

Papa Obama and the Left overspent
They wasted money on a Pork Bill that did no good
(why were they kicked out of office?)

When Bush tax cuts were first passed they worked pretty good for Bush
Actually, they worked faster. cost less and brought employment down
quicker. It is not the Bush tax cuts fault that they could not keep up
with the Lefts spending and bad economic decision making


Remember the "bad Bush days" of 5.3 percent unemployment?
I bet Papa Obama wishes he had those numbers


What if something does not work forever, it does not work?

If they worked, why did Bush ram through a $700B stimulus package in the waning days of his administration....are you going to blame that on Obama too?

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA&feature=fvwrel]YouTube - ‪President Bush Addresses Nation on Economic Crisis‬‏[/ame]

Well?

I know, when the liberal spends billions, it's pork.
When the allegedly conservative spends billions, it's a wise investment.

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

Here is the rollcall vote on the "bi-partisan support"



DEMOCRATIC YEAS 172 NAYS 63
REPUBLICAN YEAS 91 NAYS 108
INDEPENDENT
TOTALS 263 171

Gee...Bush and the Dems agreed with the bail out. But somehow when Obama and the Dems want to spend the money...it's pork; call it Socialism, and put disgusting images on the internet...

You guys are just too much...

Oh...so now bail outs are okay. I'm guessing unless Obama does them such as the GM and Chrysler bail outs.

 

[Neotrotsky]

I assume You are talking about TARP. Which of course was not a Stimulus Bill. It was a Bail out LOAN. And is being paid back.

And Bush Hardly Rammed it through. Unlike the Obama Stimulus which was passed on Nearly all Democrat Votes. Tarp Enjoyed Bi-Partisan Support. Rammed through? Really.

Do you ever get any facts right?

Is the nearly 1 Trillion dollar Obama Stimulus, or the .5 Trillion Omnibus bill going to be Paid back?

Fucking idiots.

Papa Obama voted for the !st TARP so it must have been good and he agreed with Bush


If fact Papa Obama liked it so much, his administration extended it to keep the Bush policy going

Obama Administration Extending TARP Until 2010

Come to think of it

Papa Obama has kept a lot of Bush polices going
Well, imitation is the sincerest form of flattery

Way to run and hide.

Now you're changing your argument....earlier you said it was because Obama overspent that we are NOW having problems; you fail to respond to WHY Bush had to take $700B of our money if his tax cuts were working and it was so efficient.

C'mon, explain why Bush's spending was so good and Obama's was so bad. I'm guessing for someone with your level of intelligence is as simple as black and white.

I am not changing anything, you brought up Bush
But, if it makes you happy, Bush overspent-sure

But, Papa Obama has way out spent him and all other Presidents.

In fact

Barack Obama increased the national debt by over $3 trillion in just over 2 years.

Obama tripled the deficit in one year with his Pork stimulus plan.

Whatever Bush spent was "chump change" compared to Papa Obama.

In fact, Papa Obama Obama Will Spend More on Welfare Than Bush Spent on Entire Iraq War

 

[Steelplate]

I'll tell you what... if you "We are taxed too much already... time to take our paychecks back" people ever get your moronic way... I hope the hell you pay attention to your finances. because you're fucked if you don't... and I'll tell you what, it would do my heart good to see you guys get 80-100 more per paycheck and see you blow it on shit you don't need... then you get old... and you have jack shit prepared.

In truth... you assholes starving to death and homeless because you didn't want to be taxed and have any safety nets to help you... that would be perfect ironical justice.

 

[candycorn]

Papa Obama voted for the !st TARP so it must have been good and he agreed with Bush


If fact Papa Obama liked it so much, his administration extended it to keep the Bush policy going

Obama Administration Extending TARP Until 2010

Come to think of it

Papa Obama has kept a lot of Bush polices going
Well, imitation is the sincerest form of flattery

Way to run and hide.

Now you're changing your argument....earlier you said it was because Obama overspent that we are NOW having problems; you fail to respond to WHY Bush had to take $700B of our money if his tax cuts were working and it was so efficient.

C'mon, explain why Bush's spending was so good and Obama's was so bad. I'm guessing for someone with your level of intelligence is as simple as black and white.

I am not changing anything, you brought up Bush
But, if it makes you happy, Bush overspent-sure

Wow...way to confess the obvious.

But, Papa Obama has way out spent him and all other Presidents.

In fact

Barack Obama increased the national debt by over $3 trillion in just over 2 years.

Obama tripled the deficit in one year with his Pork stimulus plan.

Whatever Bush spent was "chump change" compared to Papa Obama.

In fact, Papa Obama Obama Will Spend More on Welfare Than Bush Spent on Entire Iraq War

Wow...way to go to an impartial source for the "real" story. LOL...

So why did Bush have to go to the $700B well if his tax cuts were working so wonderfully--to get back to the original question you're trying to tap dance around.

Tell us why. Will you please?


EDIT:

Oh by the way...Charles_Main NOW says that bail outs are perfectly okay....how do YOU feel about that seeing as how "Papa" Obama bailed out GM and Chrysler. Weren't you guys against bail-outs last week or at some time very recently?

 

[Neotrotsky]

Way to run and hide.

Now you're changing your argument....earlier you said it was because Obama overspent that we are NOW having problems; you fail to respond to WHY Bush had to take $700B of our money if his tax cuts were working and it was so efficient.

C'mon, explain why Bush's spending was so good and Obama's was so bad. I'm guessing for someone with your level of intelligence is as simple as black and white.

I am not changing anything, you brought up Bush
But, if it makes you happy, Bush overspent-sure

Wow...way to confess the obvious.

But, Papa Obama has way out spent him and all other Presidents.

In fact

Barack Obama increased the national debt by over $3 trillion in just over 2 years.

Obama tripled the deficit in one year with his Pork stimulus plan.

Whatever Bush spent was "chump change" compared to Papa Obama.

In fact, Papa Obama Obama Will Spend More on Welfare Than Bush Spent on Entire Iraq War

Wow...way to go to an impartial source for the "real" story. LOL...

So why did Bush have to go to the $700B well if his tax cuts were working so wonderfully--to get back to the original question you're trying to tap dance around.

Tell us why. Will you please?

I hope you know that an Ad hominem argument does NOT prove one's point.
Facts are facts

Truth is hard for the Left, in fact, it is their worst enemy


The TARP money that was paid back?
Sure, Bush had to go to it because of the failed liberal policies of Freddie mac and Fannie mae that created a housing bubble
Gee, everybody knows that.....

 

[candycorn]

I am not changing anything, you brought up Bush
But, if it makes you happy, Bush overspent-sure

Wow...way to confess the obvious.

But, Papa Obama has way out spent him and all other Presidents.

In fact

Barack Obama increased the national debt by over $3 trillion in just over 2 years.

Obama tripled the deficit in one year with his Pork stimulus plan.

Whatever Bush spent was "chump change" compared to Papa Obama.

In fact, Papa Obama Obama Will Spend More on Welfare Than Bush Spent on Entire Iraq War

Wow...way to go to an impartial source for the "real" story. LOL...

So why did Bush have to go to the $700B well if his tax cuts were working so wonderfully--to get back to the original question you're trying to tap dance around.

Tell us why. Will you please?

I hope you know that an Ad hominem argument does NOT prove one's point.
Facts are facts

Truth is hard for the Left, in fact, it is their worst enemy


The TARP money that was paid back?
Sure, Bush had to go to it because of the failed liberal policies of Freddie mac and Fannie mae that created a housing bubble
Gee, everybody knows that.....

Liberal policies. Duck-dodge-dive--and dodge again...right Patches?

He had 8 years to fix the "liberal policies". He did nothing. I know...he was busy fighting Osama bin Hussein or right?

So here are the facts:

Bush passes Tax cuts. Spends $700B. And you're okay with that.

Obama preserves the Tax Cuts. Spends $1000B. And you're not okay with that.

Too fucking funny.

 

[hortysir]

Senate Democrats have drafted a sweeping debt-reduction plan that would slice $4 trillion from projected borrowing over the next decade without touching the expensive health and retirement programs targeted by President Obama

I thought they proposed $4T in spending cuts.

How and in what universe is borrowing less equal spending cuts especially when it's been proposed to raise revenue through higher taxes?

You're just getting the money from a different source.
You haven't solved a fucking thing!



And "over the next decade"??!!!
I pray that 5 1/2 years of that isn't presided by this same blundering organizer.

 

[Neotrotsky]

Wow...way to confess the obvious.




Wow...way to go to an impartial source for the "real" story. LOL...

So why did Bush have to go to the $700B well if his tax cuts were working so wonderfully--to get back to the original question you're trying to tap dance around.

Tell us why. Will you please?

I hope you know that an Ad hominem argument does NOT prove one's point.
Facts are facts

Truth is hard for the Left, in fact, it is their worst enemy


The TARP money that was paid back?
Sure, Bush had to go to it because of the failed liberal policies of Freddie mac and Fannie mae that created a housing bubble
Gee, everybody knows that.....

Liberal policies. Duck-dodge-dive--and dodge again...right Patches?

He had 8 years to fix the "liberal policies". He did nothing. I know...he was busy fighting Osama bin Hussein or right?

So here are the facts:

Bush passes Tax cuts. Spends $700B. And you're okay with that.

Obama preserves the Tax Cuts. Spends $1000B. And you're not okay with that.

Too fucking funny.

The TARP money that Papa Obama voted for and extended as President which has been paid back, counts as debt?
Lib math, no wonder we are in such trouble

Papa Obama's Pork Bill is spent - gone

When it became an issue they did try to fix it.
But Barney Frank told us everything was OK

[ame=http://www.youtube.com/watch?v=63siCHvuGFg]YouTube - ‪McCain's Early Recognition of Fannie/Freddie Crisis‬‏[/ame]


Truth is hard for liberals, it is their worst enemy