Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

[Flaylo]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

 

[Avatar4321]

And I care what a marxist revolutionary claims, because?

 

[Revere]

Behind every insolvent city or state is a union.

 

[PoliticalChic]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

 

[PoliticalChic]

Behind every insolvent city or state is a union.

. 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

 

[rdean]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

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.

 

[California Girl]

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.

 

[kiwiman127]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

You forgot:
2003 Medicare Part D
2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
2008 TARP

 

[NYcarbineer]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

All those programs were paid for until the Reagan revolution began the tax cut death spiral.

 

[NYcarbineer]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

You forgot:
2003 Medicare Part D
2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
2008 TARP

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.

 

[PoliticalChic]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

All those programs were paid for until the Reagan revolution began the tax cut death spiral.

Totally false.

 

[PoliticalChic]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

You forgot:
2003 Medicare Part D
2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
2008 TARP

I didn't forget anything...

what am I 'Scrubbing Bubbles'...working hard so you don't have to?
You are correct about "D" and I have no intention of defending Bush...

but could you name all of the Democrats who railed against the Iraq war at its inception...as well as those who opposed TARP?

If not, the point of my post remains: Democrats are terrible in the spending department.

 

[PoliticalChic]

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

You forgot:
2003 Medicare Part D
2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
2008 TARP

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.

Honesty is never a bar to your fantasies, is it?

 

[PoliticalChic]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

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.

Now deanie-weanie, the OP clearly stated that this thread was an indictment of the uncontrolled spending of Democrats,...whoever read the OP to you must have left out that part.

Could you define "only "rich people" ?

I hate to burden you in that way...let me help:

1. The unspoken assumption is that there is something morally wrong with inequalities. Where is the explanation of what would be a ‘fair share’ for the wealthy to give up? Irving Kristol, as editor of ‘Public Interest,’ wrote to professors who had written about the unfairness of income distribution, asking them to write an article as to what a ‘fair distribution’ would be; he has never gotten that article. Irving Kristol, “Neoconservative: the Autobiography of an Idea,” p. 166

2. Who are the rich that are so envied, and reviled? Entrepreneurs, small businessmen, corporate executives, doctors, lawyers, just plain Americans…not royalty. The reason to deprive them of rewards with no tangible benefits to oneself: envy.

a. Everyone, it seems, wants to believe that he is just as good as the next guy, and in a democracy, the government adds its authority by the ‘leveling’ process. “ But what his heart whispers to him, and the law proclaims, the society around him incessantly denies: certain people are richer, more powerful than he, others are reputed to be wiser, more intelligent. The contradiction between social reality and the combined wishes of his heart and the law, therefore incites and nourishes a devouring passion in everyone: the passion for equality. It will never cease until social reality is made to conform with his and the law’s wishes.” Pierre Manent, “An Intellectual History of Liberalism,” p. 107-8.

b. The tried and true strategy for coping with the knowledge that others are a cut above, is to find a way to bring down the more fortunate. “And so the leveling process grinds insensately on. The Wall Street Journal recently reprinted a Kurt Vonnegut story, which the paper retitled "It Seemed Like Fiction"…Vonnegut saw the trend and envisioned the day when Americans would achieve perfect equality: persons of superior intelligence required to wear mental handicap radios that emit a sharp noise every twenty seconds to keep them from taking unfair advantage of their brains, persons of superior strength or grace burdened with weights, those of uncommon beauty forced to wear masks.” Hard Truths About the Culture War


Envy, deanie....it's your envy.

 

[PoliticalChic]

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

You forgot:
2003 Medicare Part D
2003 Invasion of Iraq or Tax Cuts while involved in two wars (your choice)
2008 TARP

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.

The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) Economic Report of the President: 2010 Report Spreadsheet Tables
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116

 

[SwordofDamocles]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

All those programs were paid for until the Reagan revolution began the tax cut death spiral.

by rapiing the rich? Sounds as goofy as a fiscal liberal..hehe.

 

[California Girl]

Richard Trumka: Republicans Have Forsaken Any Claim to "Fiscal Responsibility"

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

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.

Destroying our housing market under the guise of 'helping the poor' to own homes that they couldn't afford. With friends like the Democrats, poor people don't need enemies. Damn, you are a fool if you think the Dems give a shit about the poor. They care about their votes - nothing else.

 

[Avatar4321]

First. the taxes are remaining the same for everyone thanks to the Republicans. The alternative could be a tax increase for everyone. How does that help anyone pay their bills?

Second, Fiscal responsibility is determined by spending, not by tax rates.

Though to be fair, no party has any strong claim to fiscal responsibility. If they did, we wouldnt be so in debt.

 

[Avatar4321]

1937 Social Security Democrats
1938 Fanny Mae Democrats
1965 Medicare Democrats
1970 Freddie Mac Democrats
1979 CRA Democrats
1992 Cuomo HUD/ Clinton Democrats
2010 Obamacare Democrats

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.

Destroying our housing market under the guise of 'helping the poor' to own homes that they couldn't afford. With friends like the Democrats, poor people don't need enemies. Damn, you are a fool if you think the Dems give a shit about the poor. They care about their votes - nothing else.

Definitely. They only want votes. By keeping people dependent on them.

If you wanted to truly help people save for old age, you would never be advocating for social security. Because it doesn't keep you secure in old age whatsoever. You are living on the edge of poverty at the whim of whatever politicians are in charge at the time.

If you want to help people save for old age, you teach them finance. you teach them how to make money and live off less than what they need. You teach them to work hard.

How does keeping people impovershed help them? It makes no sense whatsoever. "You're still poor because of us, vote for us to help keep you poor, because we care". It's the most ridiculous argument there is yet people listen to it.

 

[Dont Taz Me Bro]

Neither the Democrats nor the Republicans can claim fiscal responsibility. They've been giving us a bipartisan ass raping for a long time.