Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

Discussion in 'Politics' started by Flaylo, Dec 17, 2010.

  1. Flaylo
    Offline

    Flaylo Handsome Devil

    Joined:
    Feb 10, 2010
    Messages:
    5,664
    Thanks Received:
    448
    Trophy Points:
    83
    Location:
    In some grass near you
    Ratings:
    +451
  2. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,572
    Thanks Received:
    8,171
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,211
    And I care what a marxist revolutionary claims, because?
     
  3. Revere
    Offline

    Revere BANNED

    Joined:
    Jan 23, 2010
    Messages:
    7,427
    Thanks Received:
    415
    Trophy Points:
    0
    Location:
    Watching you in my profile page
    Ratings:
    +415
    Behind every insolvent city or state is a union.
     
  4. PoliticalChic
    Online

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,943
    Thanks Received:
    15,708
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +25,074
  5. PoliticalChic
    Online

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,943
    Thanks Received:
    15,708
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +25,074
    . State, unlike federal, budgets, cannot run as deficits. “Virtually all states have balanced budget requirements, so they must take actions to close these deficits.” (State Budget Deficits for Fiscal Year 2004 are Huge and Growing, Revised 1/23/03) So, what to do? Simple: conjecture a better world!

    a. In 2008, states reported that their public-employee pensions were underfunded by a total of $438 billion. But independent estimates say the underfunding is closer to $3 trillion. Why? The states make up estimates of return at unbelievable levels: the median investment return factored in by state pensions is 8% a year! AEI - The Market Value of Public-Sector Pension Deficits

    b. “The official state estimate in underfunded pension liabilities to New Jersey’s public workers stands at $46 billion. It is one of the highest liabilities in the nation, averaging $5,200 per capita. The estimate is based on an assumed rate of return on pension assets of 8.25 percent –“
    National Taxpayers Union - Overvalued and Underfunded: New Jersey?s Pension Time Bomb

    c. Now, what happens if the state cannot pay the pensions? Taxpayers are legally obligated to make up any difference between what’s been promised and what can actually be paid. Pension Pulse: Pension Woes May Deepen Financial Crisis
     
  6. rdean
    Online

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,201
    Thanks Received:
    6,905
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +15,036
    Those darn Democrats. Helping people to put away money for their old age. Helping people own "homes". "Helping people".

    Republicans help 1.7% of the top income earners. I guess they feel "quality above quantity". For Republicans, only "rich people" matter. Everyone else? Not so much.
     
  7. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Fail&Won'tGo announced his departure from the board over a month ago... he has forsaken any claim to credibility.... Not that he had any credibility.... continual links to HuffyPuffy tend to kill a person's credibility anyway.

    Double fail for Fail&Won'tGo.
     
  8. kiwiman127
    Online

    kiwiman127 Comfortably Moderate Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    8,440
    Thanks Received:
    2,586
    Trophy Points:
    315
    Location:
    4th Cleanest City in the World-Minneapolis
    Ratings:
    +3,860
    You forgot:
    2003 Medicare Part D
    2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
    2008 TARP
     
  9. NYcarbineer
    Online

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    96,338
    Thanks Received:
    11,288
    Trophy Points:
    2,060
    Location:
    Finger Lakes, NY
    Ratings:
    +30,383
    All those programs were paid for until the Reagan revolution began the tax cut death spiral.
     
  10. NYcarbineer
    Online

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    96,338
    Thanks Received:
    11,288
    Trophy Points:
    2,060
    Location:
    Finger Lakes, NY
    Ratings:
    +30,383
    Of course she forgot. She's a partisan hack with a gargantuan contempt for facts.

    She left out the disaster of Reaganomics that is what started us down this trail of doom.
     

Share This Page