New From CBO: Trillion-Dollar Deficits Will Return In Two Years

[Harpy Eagle]

How to Balance the Budget................Next Budget battle.........shut down the gov't indefinitely............INSTANT BALANCED BUDGET........

Mandatory spending bills will get paid first...........then down the line until Revenues are not there.......

There you go............No longer spend more than you take in............

Simple..........Right Libs...........Your concern is a message of HOPE............

Not unless you shut down the whole Govt, and not just some of it. Tell the military to stand down till there is funding. Tell the FBI/CIA/NSA/NASA/DOD/DOJ and more to all stop all work. Send home the Govt ATC folks, stop postal delivery and all food inspections.

Then see how fast they all come together.

 

[Harpy Eagle]

Your meat puppet faggot campaigned on cutting it in half during 2008.

He doubled it.

You are an imbecile.

Was it a trillion a year?

The Bush tax cuts were around three trillion. Two unpaid for wars.

The GOP got rid of sources of revenue and then turned the economy over to Obama keeping him from even trying to balance the budget.

In fact, they are such scum bags, they blackmailed him using the unemployed they created.

Unemployment benefits: not until Bush tax cuts pass, Senate GOP says

The GOP leadership are swine. You have to be mental to follow them.

Why does the revenue not turn into a mountain range.....................History must be wrong..............flatlined revenues forever..................If we raise taxes the revenue would be on MOUNT EVEREST..............

Geesh.........something is wrong............Can't trust history.

You were saying something about tax cuts are killings us........

Please continue.

Can you link to your source please?

 

[rightwinger]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

 

[rightwinger]

The Great Obama used trillion dollar deficits to rescue us from a Depression......Republicans squealed like little bitches

What excuse is there for Crooked Donnie to run a trillion dollar deficit in a booming economy?

tax cuts to corporations, what else ?

throw enough suckers a $1000 bonus so they wont feel it .. bada bing bada boom.

In a stock market that has tripled in the last decade, with four percent unemployment, we need to cut corporate taxes in half?

 

[eagle1462010]

How to Balance the Budget................Next Budget battle.........shut down the gov't indefinitely............INSTANT BALANCED BUDGET........

Mandatory spending bills will get paid first...........then down the line until Revenues are not there.......

There you go............No longer spend more than you take in............

Simple..........Right Libs...........Your concern is a message of HOPE............

Not unless you shut down the whole Govt, and not just some of it. Tell the military to stand down till there is funding. Tell the FBI/CIA/NSA/NASA/DOD/DOJ and more to all stop all work. Send home the Govt ATC folks, stop postal delivery and all food inspections.

Then see how fast they all come together.

And we are all going to die and have to eat dog food...........heard this before......cuts will mainly be in discresionary spending.....mandatory spending is first...........Some of those I suspect will be manatory......some not.....

We have a 6% gpd deficit yearly now..........94% would still exist............

So a 6% cut and we are all gonna die.......

Then MSM says granny gonna lose her SS..........and all the normal BS your side throws..........We've shut down the gov't in budget battles before..............and we are still here.......

Guess you didn't notice.

 

[rightwinger]

How to Balance the Budget................Next Budget battle.........shut down the gov't indefinitely............INSTANT BALANCED BUDGET........

Mandatory spending bills will get paid first...........then down the line until Revenues are not there.......

There you go............No longer spend more than you take in............

Simple..........Right Libs...........Your concern is a message of HOPE............

Idiot

 

[tycho1572]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

 

[Darkwind]

These are the outcomes (if any of this is to be believed) when everyone argues taxes ahead of spending.

Get the spending priorities straight and then talk about how to tailor taxes to meet that need.

It is called a 'balanced' budget.

You people always get it backward.

 

[eagle1462010]

 

[JakeStarkey]

Try talking to the GOP who were funding the budgets in Obama's admin.

 

[eagle1462010]

Social Security and Medicare are the LION in the room on Mandatory spending........it is in these areas that unfunded liabilities are going to take us off the cliff

 

[rightwinger]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

Rebuild our military?
We spend 46 cents out of every military dollar on earth

Where is the threat?

 

[eagle1462010]

Trends in Federal Tax Revenues and Rates

Federal Revenues: Trends and Projections
Over the past 40 years, federal revenues have ranged from nearly 21 percent of gross domestic product (GDP) in fiscal year 2000 to less than 15 percent in fiscal years 2009 and 2010, averaging 18 percent of GDP over that span. Most of the revenues–about 82 percent in 2010–come from the individual income tax and the payroll taxes used to finance Social Security, Medicare, and the federal unemployment insurance program. Other sources of revenues include corporate income taxes, excise taxes, estate and gift taxes–all together about 13 percent of revenues in 2010–and nontax revenues such as earnings of the Federal Reserve System, customs duties, fines, and various fees. Variation in individual income tax receipts, stemming from both policy changes and economic developments, has generated the largest fluctuations in revenues as a percentage of GDP.

 

[Correll]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

Rebuild our military?
We spend 46 cents out of every military dollar on earth

Where is the threat?

We are treaty bound to protect Estonia from a very large, and heavily armed neighbor, on the other side of the world.


That type of capability is fucking expense.


Indeed, imo, we cannot do it, even now.


As things stand, we are unable to meet our obligations.


That's a big problem, that either requires massive additional spending, or reducing our commitments.

 

[rightwinger]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

Rebuild our military?
We spend 46 cents out of every military dollar on earth

Where is the threat?

We are treaty bound to protect Estonia from a very large, and heavily armed neighbor, on the other side of the world.


That type of capability is fucking expense.


Indeed, imo, we cannot do it, even now.


As things stand, we are unable to meet our obligations.


That's a big problem, that either requires massive additional spending, or reducing our commitments.

At some point, America has to say
Enough is enough

We are not the worlds policeman and we have almost a zero threat against our home front

Military spending comes at the expense of less money available for infrastructure, healthcare, education and social programs

 

[bendog]

I spent 4 years waiting for Ryan to put up a middle class tax cuts offset by other revenue and entitlement reform.

first W and then that sack of shit. I hope he goes ice fishing and falls in. LOL

 

[tycho1572]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

Rebuild our military?
We spend 46 cents out of every military dollar on earth

Where is the threat?

We are treaty bound to protect Estonia from a very large, and heavily armed neighbor, on the other side of the world.


That type of capability is fucking expense.


Indeed, imo, we cannot do it, even now.


As things stand, we are unable to meet our obligations.


That's a big problem, that either requires massive additional spending, or reducing our commitments.

At some point, America has to say
Enough is enough

We are not the worlds policeman and we have almost a zero threat against our home front

Military spending comes at the expense of less money available for infrastructure, healthcare, education and social programs

You’re an idiot who doesn’t understand the importance of having a strong military.
I can’t say that any nicer than I did.

 

[Correll]

It’s going to take time for President Trump to fix all the problems democrats created over the years.

You mean like not putting more money into the hands of billionaires?

No. I’m talking about rebuilding our military and repairing our infrastructure.

I still can’t understand how obama managed to double our debt while ignoring those issues.

Rebuild our military?
We spend 46 cents out of every military dollar on earth

Where is the threat?

We are treaty bound to protect Estonia from a very large, and heavily armed neighbor, on the other side of the world.


That type of capability is fucking expense.


Indeed, imo, we cannot do it, even now.


As things stand, we are unable to meet our obligations.


That's a big problem, that either requires massive additional spending, or reducing our commitments.

At some point, America has to say
Enough is enough

We are not the worlds policeman and we have almost a zero threat against our home front

Military spending comes at the expense of less money available for infrastructure, healthcare, education and social programs

I completely agree.

The Cold War is over. We should not be treaty bound to protect Estonia.


We need to wind down our commitments, and reduce military spending.

 

[rightwinger]

I spent 4 years waiting for Ryan to put up a middle class tax cuts offset by other revenue and entitlement reform.

first W and then that sack of shit. I hope he goes ice fishing and falls in. LOL

Like that was going to happen

Republicans sold out to their wealthy benefactors

 

[Harpy Eagle]

How to Balance the Budget................Next Budget battle.........shut down the gov't indefinitely............INSTANT BALANCED BUDGET........

Mandatory spending bills will get paid first...........then down the line until Revenues are not there.......

There you go............No longer spend more than you take in............

Simple..........Right Libs...........Your concern is a message of HOPE............

Not unless you shut down the whole Govt, and not just some of it. Tell the military to stand down till there is funding. Tell the FBI/CIA/NSA/NASA/DOD/DOJ and more to all stop all work. Send home the Govt ATC folks, stop postal delivery and all food inspections.

Then see how fast they all come together.

And we are all going to die and have to eat dog food...........heard this before......cuts will mainly be in discresionary spending.....mandatory spending is first...........Some of those I suspect will be manatory......some not.....

We have a 6% gpd deficit yearly now..........94% would still exist............

So a 6% cut and we are all gonna die.......

Then MSM says granny gonna lose her SS..........and all the normal BS your side throws..........We've shut down the gov't in budget battles before..............and we are still here.......

Guess you didn't notice.

As normal, in your partisan zealotry you totally missed the point.

My side is that we shut down the whole fucking Govt, not just a part of it. That is the only way you will get anything done.

As you so astutely pointed out, we have had battles and shutdowns before....AND NOTHING EVER CHANGES.

This is because the shutdowns are a joke and cause no pain for most people. As long as that is the case, nothing will ever change

So, again my side, of which there are very few of us, most are partisan zealots like you, says shut the whole damn thing down and let the average American feel some pain, then see how fast Congress cuts spending and comes to a deal.

But, this will never happen because your side will continue to all the status quo to continue.