DEMOCRATS/LEFTISTS Still Pushing To Ruin America!

Discussion in 'Economy' started by 007, Mar 27, 2012.

  1. 007
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    007 Charter Member Supporting Member

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    House Dems Introduce $3.6T Budget Plan



    House Democrats on Monday night introduced their 2013 budget plan to compete with the Republicans' proposal on the chamber floor this week.

    Sponsored by Rep. Chris Van Hollen (Md.), senior Democrat on the House Budget Committee, the $3.6 trillion proposal is not expected to pass, but nonetheless provides the Democrats with a comprehensive plan from which to distinguish their policy priorities from those of Republicans this election year.

    The proposal adopts much of President Obama's job-creation agenda, including tens of billions of dollars for near-term stimulus spending on infrastructure and other federal programs, while keeping Medicare and other entitlement benefits largely intact. The budget adds $6 trillion to deficits over 10 years, compared to $6.4 trillion for the president. It contains $643 billion less in spending, and $219 billion less in revenue.

    House Dems introduce $3.6T budget plan - The Hill's On The Money
     
  2. TakeAStepBack
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    TakeAStepBack Gold Member

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    :lmao:
     
  3. starcraftzzz
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    starcraftzzz Senior Member

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    OMG policy that create jobs are going to destroy America!
    OMG policy that don't leave seniors without health care and make health care spending skyrocket are going to destroy America!
    OMG not giving millionaires millions more in tax breaks is going to destroy America!
     
  4. likeabird03
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    likeabird03 Active Member

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    Both will destroy America. 65% of our budget deficit last year was monetized by the federal reserve. When hyperinflation hits, Social Security and "Jobs Bill" will be the least of our worries.
     
  5. itfitzme
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    itfitzme VIP Member

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    And this hyperinflation concept is based on what?
     
  6. DSGE
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    DSGE VIP Member

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    Yeah, I call bullshit. Source please.
     
  7. editec
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    editec Mr. Forgot-it-All

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    The deficit is not America's major problem.

    Debts can be written down or written off.

    They're largely bullshit anyway.

    We owe that money to the people to whom we gave the right to issue currency in the first place.
     
  8. sparky
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    sparky VIP Member

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    and therein lies the entire budgetary debacle ......~S~
     
  9. likeabird03
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    likeabird03 Active Member

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    65% of our deficit is monetized through the federal reserve as demand from other parties just as China fell dramatically, this is called Quantitative Easing so the sheep won't freak out. If you think this has no inflationary effect you have no understanding for economics or history.
     
  10. likeabird03
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    likeabird03 Active Member

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    They could be written off - but do you think that would have no effect on our economy in the process? Do you not even have an understanding of what effects interest rates and what effect interest rates has on the economy?
     

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