Do you know how much we pay on JUST INTERESTon the National Debt each year?

[Toddsterpatriot]

Think about where that debt came from.

Three trillion from the deficit creating Bush Tax Cuts.

Two unpaid for wars costing trillions.

Tens of thousands of young Americans maimed for life costing trillions more into the future.

A trillion from the Drugs for votes scam.

Trillions lost when the GOP deregulated economy finally collapsed.

Trillions lost from the millions of jobs moved to China from 2001 to 2008.

Trillions lost when over 40,000 factories closed from 2001 to 2008.

So what have we learned from that? That we need to vote more Republicans into office so they can finish the job they started under Bush.

Three trillion from the deficit creating Bush Tax Cuts.

Bush saved Americans $3 trillion with his tax cuts? Excellent!

Two unpaid for wars costing trillions.

Unpaid for, what the hell does that mean?
Unless checks bounced, all government spending is "paid for".

Trillions lost when the GOP deregulated economy finally collapsed.

Deregulated? That's hilarious! Bush added more regulations every year.

God you're dumb. Seriously. If you cut taxes and don't offset it with spending cuts, you create deficits. Not knowing that makes you stupid.

We paid for those wars with money we borrowed from China therefore increasing the deficit. Not knowing that makes you a moron.

Bush, the head of the party of deregulation added more regulations? Possibly, but not regulations that protected us from predatory insurance scams and bundled mortgages.

Where is the Money Going - Big Banks Back to Old Tricks Bundling Loans and Mortgages for Investments - AllGov - News

And not knowing that suggests you may be a tard.

However, there is a cure for such mental delusions. It's called "education". Get some.

If you cut taxes and don't offset it with spending cuts, you create deficits.

I agree, we need big spending cuts, right now!!!

We paid for those wars with money we borrowed from China

Man, I'm glad you're done with that "unpaid war" crap. Makes you sound like you live in your Mom's basement.

Bush, the head of the party of deregulation added more regulations?

Yes, that's why I laughed at your idiotic claim.

However, there is a cure for such mental delusions.

Moron, heal thyself!

 

[Contumacious]

1. 
   Do you know how much we pay on JUST INTERESTon the National Debt each year?

.

The PARASITIC majority pays NOTHING. So they don't give a shit about how high the national debt is.


.

 

[PaintMyHouse]

1. 
   Do you know how much we pay on JUST INTERESTon the National Debt each year?

.

The PARASITIC majority pays NOTHING. So they don't give a shit about how high the national debt is.


.

Majority? Well maybe if you count kids and the old, but calling them parasites, while accurate, is a bit rude don't you think?

 

[thereisnospoon]

The US WILL end up declaring bankruptcy and starting over.
We should elect a conservative POTUS in 2016 and restructure EVERYTHING and declare bankruptcy. Just start anew.
Step 1. Change to national sales tax. Tough shit if you think that's unfair to poor people. MUST be done.

It's also unfair to some businesses. I'm assuming you're advocating the repeal of the income tax and having a 15-20% sales tax instead. If that's true, you can say good bye to the used car business. Even today people do private sales so they can fudge the sale price and pay less in sales tax and that's at the 5-7% common today. Who's ever going to go to a used car lot in the future, if the sales tax is 15-20%? Congratulations, you've just flushed a man's business down the toilet.

So what?
Watch this everybody

 

[SmarterThanTheAverageBear]

We spend right now about $85K per adult per year to sustain our current welfare system.

That would be in excess of $10 trillion per year.

But according the the U.S. Govt Statistical Abstract, TOTAL Federal spending on everything (Welfare, defense, SS, everything) is around $4 trillion.

Perhaps you should open a book or two before making up your statistics like that.

Back to the subject:
We are currrently paying approx. $5,500 per year per family of fours, for interest ONLY on the National Debt. And if we borrow more, that will go up. And if interest rates rise, it will go WAY up.

The big-govt pushers should reconsider before telling us we don't need to pay off any of the National Debt.

What effect would it have on the economy, if every family didn't have to lose $5,500 every year?

That $4T figure is only counting DIRECT payouts, it doesn't cover the costs of administering the various programs.

Just another way the government fudges the numbers.

 

[thereisnospoon]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

When is this country going to come of the stupid coma and realize we have to tighten our belts and raise taxes.

Increasing taxes will have the opposite affect.
IN fact the moment following the announcement of a tax increase, the economy begins and immediate slide.
No, you're not getting any more money. You get enough.
Tell your lefty brotherhood to figure out a pathway to that wonderful place called fiscal responsibility.

 

[thereisnospoon]

Think about where that debt came from.

Three trillion from the deficit creating Bush Tax Cuts.

Two unpaid for wars costing trillions.

Tens of thousands of young Americans maimed for life costing trillions more into the future.

A trillion from the Drugs for votes scam.

Trillions lost when the GOP deregulated economy finally collapsed.

Trillions lost from the millions of jobs moved to China from 2001 to 2008.

Trillions lost when over 40,000 factories closed from 2001 to 2008.

So what have we learned from that? That we need to vote more Republicans into office so they can finish the job they started under Bush.

Three trillion from the deficit creating Bush Tax Cuts.

Bush saved Americans $3 trillion with his tax cuts? Excellent!

Two unpaid for wars costing trillions.

Unpaid for, what the hell does that mean?
Unless checks bounced, all government spending is "paid for".

Trillions lost when the GOP deregulated economy finally collapsed.

Deregulated? That's hilarious! Bush added more regulations every year.

Lib talking points.
Be mindful of whom you are addressing.

 

[thereisnospoon]

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

Number of Federal employees in this case.

Oh, I'd say cutting federal employment by at least a third would be a great start.
Starting with those non essential employees that every time it snows more than 2" in DC and environs, are told to stay home. Of course WE still get to pay them.

 

[PaintMyHouse]

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

Number of Federal employees in this case.

Oh, I'd say cutting federal employment by at least a third would be a great start.
Starting with those non essential employees that every time it snows more than 2" in DC and environs, are told to stay home. Of course WE still get to pay them.

Go for it.

 

[CowboyTed]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Actually for the millionth time... Obama Reduced Spending...

 

[CowboyTed]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

When is this country going to come of the stupid coma and realize we have to tighten our belts and raise taxes.

Increasing taxes will have the opposite affect.
IN fact the moment following the announcement of a tax increase, the economy begins and immediate slide.
No, you're not getting any more money. You get enough.
Tell your lefty brotherhood to figure out a pathway to that wonderful place called fiscal responsibility.

Actual some empirical proof please... Voodoo Ecomomics at work...

 

[TooTall]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Actually for the millionth time... Obama Reduced Spending...

Not too hard to do when he got an extra $787 billion to spend his first year in office.

 

[Contumacious]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

When is this country going to come of the stupid coma and realize we have to tighten our belts and raise taxes.

Increasing taxes will have the opposite affect.
IN fact the moment following the announcement of a tax increase, the economy begins and immediate slide.
No, you're not getting any more money. You get enough.
Tell your lefty brotherhood to figure out a pathway to that wonderful place called fiscal responsibility.

Actual some empirical proof please... Voodoo Ecomomics at work...

Excuse me retard, did you look at your paystub? Did you file a tax return in April?


Do you look at your receipts when you go to the store?

 

[zeke]

ould you have used that $5,500 for something else last year?

I know that you have never studied anything about economics. But in that study you will find a very basic tenant of capitalism. ALL DEBT IS PAID. Either by the credit grantor or by the credit recipient.

The government debt is OUR debt. It was run up on our behalf by people we elected. You don't like the way that money was spent and neither do I (though for different reasons I am sure) but it is still our debt and must be paid.

The alternative is to stick it to the credit grantors and that will not work either. They won't lend us any more money if we default on our debt. The top 1% will quit buying T bills and government bonds IF they are not going to receive their interest payments.

So what is it that you want to be done?

And according to people like you, 50% of the people in this country pay no taxes, the middle class pays around 15% taxes and according to you all the ultra wealthy pay the vast majority of income tax.

So what you have done is used a population average to boost your numbers when in fact it is the ultra wealthy shouldering most of the debt. Of course they received most of the benefits from this debt so seems fair to me.
Tax them even more and they can pay even more. They have 40% of the wealth so they can afford a little more debt.

 

[TooTall]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

Well, those are the actual numbers, to the penny!

So I guess that makes you as stupid as Gowdy said you were since you foamed at the mouth based on your "FEELINGS" before actually looking up the numbers.

Government - Interest Expense on the Debt Outstanding

We are not paying $383 billion/year on the pre-Obama debt dumbass. We paid that amount of interest in the year 2009. And, $415,688,,781,248.40 is not less than $383 billion.

 

[Toddsterpatriot]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Actually for the millionth time... Obama Reduced Spending...

Obama Reduced Spending...

When? Where?

 

[edthecynic]

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

Well, those are the actual numbers, to the penny!

So I guess that makes you as stupid as Gowdy said you were since you foamed at the mouth based on your "FEELINGS" before actually looking up the numbers.

Government - Interest Expense on the Debt Outstanding

We are not paying $383 billion/year on the pre-Obama debt dumbass. We paid that amount of interest in the year 2009. And, $415,688,,781,248.40 is not less than $383 billion.

FISCAL year 2009, dumbest ass, Bush's last fiscal year. And $415,688,781,248.40 is less than $450 billion in 2011 the year YOU said the interest would be higher in fiscal years 2012 - 2014.

 

[TooTall]

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

Well, those are the actual numbers, to the penny!

So I guess that makes you as stupid as Gowdy said you were since you foamed at the mouth based on your "FEELINGS" before actually looking up the numbers.

Government - Interest Expense on the Debt Outstanding

We are not paying $383 billion/year on the pre-Obama debt dumbass. We paid that amount of interest in the year 2009. And, $415,688,,781,248.40 is not less than $383 billion.

FISCAL year 2009, dumbest ass, Bush's last fiscal year. And $415,688,781,248.40 is less than $450 billion in 2011 the year YOU said the interest would be higher in fiscal years 2012 - 2014.

FY 2011 $454,393,280,417.03. Who was President in 2011? Do you even know?
The interest paid in FY 2012 dropped slightly below FY 2009 and went back up in 2013 and 2014.

2009 was Bush's budget, but Obama added a $787 billion dollar stimulus and spent a lot of it in 2009. That added to the national debt and the increase in debt increased the interest paid on the debt. Of course the fact that the debt has almost doubled in six years and interest rates have halved do help lower the interest paid. When the feds quit printing funny money and interest rates return to normal, the country will be in deep doo doo.

Now, go suck a root, I am through telling you that a 4 is larger than a 3.

 

[edthecynic]

2009 was Bush's budget, but Obama added a $787 billion dollar stimulus and spent a lot of it in 2009.

Not according to the Right at the time. Then they claimed Obama spent only 10% of the stimulus in 2009, only showing yet again that the Right is ALWAYS on both sides of EVERY issue depending on which way the wind blows at the moment.

 

[TooTall]

2009 was Bush's budget, but Obama added a $787 billion dollar stimulus and spent a lot of it in 2009.

Not according to the Right at the time. Then they claimed Obama spent only 10% of the stimulus in 2009, only showing yet again that the Right is ALWAYS on both sides of EVERY issue depending on which way the wind blows at the moment.

This from Politifacts.

"Ordinarily, an incoming president has little or no influence over spending that was approved under his predecessor. So in normal circumstances,allspending for fiscal year 2009 would have been rightly tied to Bush, and fiscal 2010 would be the first year for which Obama would have prepared a budget and signed the major spending bills. And for the most part, big spending programs that require no yearly appropriations, including Social Security and Medicare, did indeed continue to operate during fiscal 2009 under the policies in effect under Bush.

But in Obama’s case, he quickly pushed through Congress and signed a large economic stimulus measure containing a combination of tax cuts and new spending in fiscal 2009. And while Bush had signed full-year appropriations for the Pentagon, the Department of Homeland Security and veterans programs, he had left the remainder of government agencies that need annual appropriations funded only through March 2009.

But it’s also true that Obamasigned a number of appropriations bills, plus other legislation and executive orders, that raised spending for the remainder of fiscal 2009 even above the path set by Bush. By our calculations, Obama can be fairly assigned responsibility for a maximum of $203 billion in additional spending for that year.