PredFan
Diamond Member
Right...No control.You should be. Obama has no control over non discretionary spending.
That's why he has failed to submit a budget that would pass muster in the most leftist of congressional delegations in history, and only run the gubmint on one continuing resolution after another.
Just balloon the debt, wash your hands of it and say "non-discretionary spending!"
Fucking cowards....Every one of y'all.
The most basic point all you yayhoos continue to miss is that the biggest part of the yearly deficits are due to drops in tax revenue. 73% of Obama's deficits are due to losses in revenue, yet nobody wants to increase taxes, which is what needs to happen.
Bush got us to these spending levels; Obama just has not reduced them any. The biggest problem is that we can't get the economy growing again. While Cons tell us it is because of excess regulation and taxes being too high, the real truth is that having this huge debt hanging over our heads is scaring the bejesus out of everyone, so they are not spending. If we got revenues in line and attacked the debt problem, business would start spending again. The biggest lie we have been sold is that business won't invest because tax rates are too high. We all know it's a lie, and there is more than enough proof to back that up. We have the lowest effective tax rates in over 60 years, and the economy has been dead for the last four to five years, and it was stalled for the five to six years before that. The only reason there was any growth from 2000 forward was due to the housing bubble. Had all that paper money not been available, we would have seen a long recession much sooner. But since the housing bubble kept things afloat for a while, when it burst, it actually made things much worse.
Bottom line is that we need to get revenues back in line.
Dead wrong. we have a spending problem, not a revenue problem.