Republicans so worried about the debt, yet they cause most of it.

[TNHarley]

Who cares if it gets to the point where we default and throw our economy into chaos like other countries. Like PR. Right derpy?

Explain how that would happen with the US' economy. Tell me exactly how the US would default on its debt. The only way that would happen is if Conservatives refused to raise the debt ceiling. That's the only way we default, from actions you shitbrains take.

Raise the debt ceiling is all we have to do! No problems here!

 

[AntonToo]

Is there any liberal talking point more worn out than, "tax cuts for the rich"??

Nice talking point there bud.

 

[BluesLegend]

Is there any liberal talking point more worn out than, "tax cuts for the rich"??

Well, since that's been central to your platform since 1980, no...it's not worn out. What's worn out are the claims that cutting taxes create growth, create jobs, and reduce deficits. None of those three things have ever happened from a trickle-down tax cut.

LMAO 1980 thanks for proving my point.

 

[BlindBoo]

Most of that was debt from prior administrations. Obama's policies and initiative added about a quarter of that.

OH GOODY - THAT OL' LIE...AGAIN!


"Obama 'inherited' all that debt and those economic / financial problems!"


Yes, Barak Obama DID 'inherit' a lot of that debt and those economic / financial problems ... FROM HIS FELLOW DEMOCRATS!


As we have gone through before - and as the snowflakes keep denying over and over:

Barry attacked Bush over the debt, calling him 'Un-Patriotic' for adding $4 Trillion in new debt in only 8 years. But let's break that down:

• During Bush's 1st 6 years as President- which included 9/11/01, the economic aftermath (closing of Wall Street, etc) after 9/11/01, and 2 on-going wars AND WITH A GOP-CONTROLLED CONGRESS - ONLY $2.5 Trillion in new debt was added IN 6 YEARS.

• Democrats took over a nearly-Super Majority Control of congress at the beginning of bush's last 2 years in office ... which means DURING BUSH'S LAST 2 YEARS IN OFFICE DEMOCRATS CONTROLLED THE ECONOMY & THE 'PURSE STRINGS' - SPENDING! Democrats held that Near Super Majority Control of Congress - control of the Economy and Spending until the end of Obama's 2nd year in office .... which means IF BARRY INHERITED ANYTHING, IT WAS FROM HIS FELLOW DEMOCRATS!

'Interestingly' enough, in Bush's last 2 years during which time DEMOCRATS controlled the Budget / the Economy / Spending, DEMOCRATS added $1.5 TRILLION in only 2 years, only $1 Trillion less than the Bush GOP-controlled Congress had in 6 years!


So, again, what snowflakes claim Obama 'inherited', he 'inherited' from his fellow DEMOCRATS who had a near super majority control of Congress the previous 2 years.

Almost immediately Barry acted to 'create Jobs' & 'help the economy'. His big idea was the FAILED nearly $1 TRILLION 'Stimulus Bill...that contained over 7,000 pieces of DNC-ONLY self/party-serving PORK, all at tax payer expense.

In the end as the US IG reported, the Stimulus failed to keep unemployment under 9% as promised, and the cost to tax payers for each job created was approx. $742,000! (Of course, Obama claimed to have created / saved more jobs than he actually did, according to the CBO.)

Obama took advantage of the Democrats having a near super majority of Congress for the next 2 years, and at the end of his 1st term - after 4 years - HE and his fellow Democrats had racked up almost $7 Trillion in new debt.

Of course, ever since then, like you, snowflakes have been trying to re-write history.

Method 3. How Obama's Policies Increased the Debt
Is it fair to blame any president for events over which he had no control? During Obama's terms, there was less federal income than usual. That is because the recession and the Bush tax cuts reduced tax receipts. At the same time, the cost of Social Security, Medicare, and other mandatory programs continued to increase.

The fairest method is to measure the debt incurred by Obama's specific policies. The Congressional Budget Office does this for every program. The CBO found that the largest contributor to the debt was the Obama tax cuts, which were an extension of the Bush tax cuts. They added $858 billion to the debt in 2011 and 2012.

The next largest was the American Recovery and Reinvestment Act. It added $787 billion between 2009 and 2012. It cut taxes, extended unemployment benefits, and funded job-creating public works projects. Like the Obama tax cuts, the ARRA was an attempt to stimulate the economy after the 2008 financial crisis

Obama increased military spending to an average of $800 billion a year. In fact, his security budget request of $895 billion in FY 2011 set a new record.

In FY 2013, he requested $851 billion. That happened even though he withdrew troops from Iraq in 2012 and eliminated the threat from Osama bin Laden in 2011. Obama spent $857 billion in contingency funds during his administration. That was more than the $850 billion Bush devoted to the War on Terror.

What about the Patient Protection and Affordable Care Act? It didn't add anything to the debt in Obama's first term. That's because most of its costs began in 2014. That's when it set up health insurance exchanges and extended coverage to more low-income people. In fact, tax increases offset costs to the tune of $104 billion between 2010 and 2019. For more, see Obamacare Costs.

Congress and Obama also negotiated the sequestration budget cuts. They cut the deficit by a small percent. When all these are added up, Obama's debt contribution was $983 billion between 2009 and 2017. (Source: Ezra Klein, "Doing the Math on Obama's Deficits," The Wall Street Journal, January 31, 2014.) Find out whether Trump or Obama Is Better for the Economy.

How Much Did Obama Add to the Nation's Debt?

What adds to the debt is the OUT OF CONTROL SPENDING OF MONEY THE GOVERNMENT DOES NOT HAVE.

I'm all for a balanced budget amendment. Term limits for Congress critters too.

 

[Cellblock2429]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

/----/ You think there was no debt when Dems ran Congress for 40 years?

 

[The Derp]

Because it was Obama that caused Bush to submit 1.3T Deficit budget for 2009.

RIGHT!?

 

[S.J.]

Is there any liberal talking point more worn out than, "tax cuts for the rich"??

Yes, that everyone who disagrees with a Democrat is a racist.

 

[The Derp]

I'm all for a balanced budget amendment. Term limits for Congress critters too.

Both of these sound really great in theory, but not in practice.

1. A BBA is pointless because government doesn't collect revenues all at one time, and the budget has to be nimble to handle emergency response to disasters like hurricanes, floods, earthquakes, pandemics, etc. A BBA would mean that if disaster funding ran out before a massive disaster hit late in the year (think Hurricane Sandy, which was in November), there would be no money left for a response because the budget had reached its cap.

2. Term limits don't solve the underlying problem of money in politics. If you put in term limits, but didn't do any campaign finance reform, you would just have a revolving door of party apparatchiks. So instead of having one shitty, corporate-owned politician for 30 years, you get 15 shitty, corporate-owned politicians for 2 years each (for the House) or 5 shitty, corporate-owned politicians for 6 years each (for the Senate). Term limits do nothing to stop the purchasing of political parties by special interests and in fact could make the problem even worse.

So, I like the thinking...but I think we can dig deeper for better solutions.

 

[The Derp]

/----/ You think there was no debt when Dems ran Congress for 40 years?

We've had a debt load since the 1840's. Your screeching about the debt today rings hollow because you didn't give a shit when Bush erased a surplus and produced 4 record deficits that doubled the debt.

And why are you so concerned about debt, anyway? What is your fear?

 

[AntonToo]

Most of that was debt from prior administrations. Obama's policies and initiative added about a quarter of that.

OH GOODY - THAT OL' LIE...AGAIN!


"Obama 'inherited' all that debt and those economic / financial problems!"


Yes, Barak Obama DID 'inherit' a lot of that debt and those economic / financial problems ... FROM HIS FELLOW DEMOCRATS!


As we have gone through before - and as the snowflakes keep denying over and over:

Barry attacked Bush over the debt, calling him 'Un-Patriotic' for adding $4 Trillion in new debt in only 8 years. But let's break that down:

• During Bush's 1st 6 years as President- which included 9/11/01, the economic aftermath (closing of Wall Street, etc) after 9/11/01, and 2 on-going wars AND WITH A GOP-CONTROLLED CONGRESS - ONLY $2.5 Trillion in new debt was added IN 6 YEARS.

• Democrats took over a nearly-Super Majority Control of congress at the beginning of bush's last 2 years in office ... which means DURING BUSH'S LAST 2 YEARS IN OFFICE DEMOCRATS CONTROLLED THE ECONOMY & THE 'PURSE STRINGS' - SPENDING! Democrats held that Near Super Majority Control of Congress - control of the Economy and Spending until the end of Obama's 2nd year in office .... which means IF BARRY INHERITED ANYTHING, IT WAS FROM HIS FELLOW DEMOCRATS!

'Interestingly' enough, in Bush's last 2 years during which time DEMOCRATS controlled the Budget / the Economy / Spending, DEMOCRATS added $1.5 TRILLION in only 2 years, only $1 Trillion less than the Bush GOP-controlled Congress had in 6 years!


So, again, what snowflakes claim Obama 'inherited', he 'inherited' from his fellow DEMOCRATS who had a near super majority control of Congress the previous 2 years.

Almost immediately Barry acted to 'create Jobs' & 'help the economy'. His big idea was the FAILED nearly $1 TRILLION 'Stimulus Bill...that contained over 7,000 pieces of DNC-ONLY self/party-serving PORK, all at tax payer expense.

In the end as the US IG reported, the Stimulus failed to keep unemployment under 9% as promised, and the cost to tax payers for each job created was approx. $742,000! (Of course, Obama claimed to have created / saved more jobs than he actually did, according to the CBO.)

Obama took advantage of the Democrats having a near super majority of Congress for the next 2 years, and at the end of his 1st term - after 4 years - HE and his fellow Democrats had racked up almost $7 Trillion in new debt.

Of course, ever since then, like you, snowflakes have been trying to re-write history.

Method 3. How Obama's Policies Increased the Debt
Is it fair to blame any president for events over which he had no control? During Obama's terms, there was less federal income than usual. That is because the recession and the Bush tax cuts reduced tax receipts. At the same time, the cost of Social Security, Medicare, and other mandatory programs continued to increase.

The fairest method is to measure the debt incurred by Obama's specific policies. The Congressional Budget Office does this for every program. The CBO found that the largest contributor to the debt was the Obama tax cuts, which were an extension of the Bush tax cuts. They added $858 billion to the debt in 2011 and 2012.

The next largest was the American Recovery and Reinvestment Act. It added $787 billion between 2009 and 2012. It cut taxes, extended unemployment benefits, and funded job-creating public works projects. Like the Obama tax cuts, the ARRA was an attempt to stimulate the economy after the 2008 financial crisis

Obama increased military spending to an average of $800 billion a year. In fact, his security budget request of $895 billion in FY 2011 set a new record.

In FY 2013, he requested $851 billion. That happened even though he withdrew troops from Iraq in 2012 and eliminated the threat from Osama bin Laden in 2011. Obama spent $857 billion in contingency funds during his administration. That was more than the $850 billion Bush devoted to the War on Terror.

What about the Patient Protection and Affordable Care Act? It didn't add anything to the debt in Obama's first term. That's because most of its costs began in 2014. That's when it set up health insurance exchanges and extended coverage to more low-income people. In fact, tax increases offset costs to the tune of $104 billion between 2010 and 2019. For more, see Obamacare Costs.

Congress and Obama also negotiated the sequestration budget cuts. They cut the deficit by a small percent. When all these are added up, Obama's debt contribution was $983 billion between 2009 and 2017. (Source: Ezra Klein, "Doing the Math on Obama's Deficits," The Wall Street Journal, January 31, 2014.) Find out whether Trump or Obama Is Better for the Economy.

How Much Did Obama Add to the Nation's Debt?

What adds to the debt is the OUT OF CONTROL SPENDING OF MONEY THE GOVERNMENT DOES NOT HAVE.

I'm all for a balanced budget amendment. Term limits for Congress critters too.

Conservatives ARE NOT FOR BALANCED BUDGETS....not really anyway.

First priority for them is tax-cut religion which pretty much guarantees that we will never collect the revenues required for ANY spending at all.

They want (and get) a tax-cut rain or shine, in war or peace, in prosperity or poverty, in surpluses or deficits as far as the eye can see.

 

[LordBrownTrout]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

Wrong. O racked up 8 trillion. More than all previous presidents combined.

Yeah, to pay for Bush's 2 wars off the books, Bush's unfunded Medicare part D, Bush's bankster bailout, and Bush's tax cut which blew the Clinton surplus.

There was never a surplus. At that time, we were 4 trillion in debt.

 

[AntonToo]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

Wrong. O racked up 8 trillion. More than all previous presidents combined.

Yeah, to pay for Bush's 2 wars off the books, Bush's unfunded Medicare part D, Bush's bankster bailout, and Bush's tax cut which blew the Clinton surplus.

There was never a surplus. At that time, we were 4 trillion in debt.

You clearly do not know a difference between a budget surplus and total national debt.

 

[Mikeoxenormous]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.

The War on Poverty Has Cost $22 Trillion - NCPA
www.ncpa.org/sub/dpd/index.php?Article_ID=25288

U.S. National Debt Clock : Real Time

$20,204,000,000,000

Want to try again?

BULLSHIT.

Biggest components of of those programs SS and Medicare are PAID FOR with payroll taxes and in fact have been running surplus for years (REDUCING deficits)

The final component is Medicaid - a program that pays for medical care of low income people that couldn't possibly afford it otherwise. Even conservatives nowadays believe that the program is necessary.

Would the Medicaid program be needed if everyone had a job? Would anyone need medicare or social security, if more people were allowed to save more of their own money to invest, instead of being FORCED to contribute to the ponsi schemes?

 

[AntonToo]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.

The War on Poverty Has Cost $22 Trillion - NCPA
www.ncpa.org/sub/dpd/index.php?Article_ID=25288

U.S. National Debt Clock : Real Time

$20,204,000,000,000

Want to try again?

BULLSHIT.

Biggest components of of those programs SS and Medicare are PAID FOR with payroll taxes and in fact have been running surplus for years (REDUCING deficits)

The final component is Medicaid - a program that pays for medical care of low income people that couldn't possibly afford it otherwise. Even conservatives nowadays believe that the program is necessary.

Would the Medicaid program be needed if everyone had a job? Would anyone need medicare or social security, if more people were allowed to save more of their own money to invest, instead of being FORCED to contribute to the ponsi schemes?

I concede, in the magical unicorn and rainbow land in your head, Medicaid is not needed.

So I tell you what, as soon as you conservatives bring us that heaven on earth I'll 100% support phasing out Medicaid program...because no one will be left needing it.

 

[The Derp]

Raise the debt ceiling is all we have to do! No problems here!

How else would the government default on its debt?

 

[Mikeoxenormous]

neither party gives 2 shits about the debt. Republicans act like it, but its not sincere. At least the dems are open about it.

Why does the debt bother you so much? You realize we've carried a debt load since the 1840's, right? The debt will never, ever be fully paid off and pretending that it will by way of tax cuts (!) is irresponsible.

See? lol they are very open.
Who cares if it gets to the point where we default and throw our economy into chaos like other countries. Like PR. Right derpy?

Cloward–Piven strategy
The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty".
Cloward–Piven strategy - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Cloward–Piven_strategy

Why do you think other countries and very rich people are buying up precious metals and other commodities? If the dollar ever does tank, what will you use to purchase food, clothing or even shelter? Establishment liberals are loving what is going on, as every day it brings them closer to ruining America and there will be no one to protect you. Police and soldiers will go back to their own homes and protect their own families while the rabid liberals will be burning cities, punching women and robbing you blind. Oh yeah, that is happening in the inner cities right now, never mind...

 

[The Derp]

Would the Medicaid program be needed if everyone had a job? Would anyone need medicare or social security, if more people were allowed to save more of their own money to invest, instead of being FORCED to contribute to the ponsi schemes?

Most people on Medicaid are already employed. They qualify for Medicaid because their employers pay them shit wages. If you want fewer people on Medicaid, raise wages starting with the Minimum Wage. It really is that fucking simple.

Do you honestly believe that someone making the median income of $53K can save for retirement?!?!? Do you also realize that only 50% of workers in this country have a 401k, and of those people, most don't have and won't have enough for retirement? What fantasy world do you live in?

 

[LordBrownTrout]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

Wrong. O racked up 8 trillion. More than all previous presidents combined.

Yeah, to pay for Bush's 2 wars off the books, Bush's unfunded Medicare part D, Bush's bankster bailout, and Bush's tax cut which blew the Clinton surplus.

There was never a surplus. At that time, we were 4 trillion in debt.

You clearly do not know a difference between a budget surplus and total national debt.

All too much. Any surplus after expenditures are made is supposed to pay down our national debt. If our national debt was O and revenus exceeded expenditures after govt was funded after the fiscal year ended in september, there would a real surplus.

 

[AntonToo]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

Wrong. O racked up 8 trillion. More than all previous presidents combined.

Yeah, to pay for Bush's 2 wars off the books, Bush's unfunded Medicare part D, Bush's bankster bailout, and Bush's tax cut which blew the Clinton surplus.

There was never a surplus. At that time, we were 4 trillion in debt.

You clearly do not know a difference between a budget surplus and total national debt.

All too much. Any surplus after expenditures are made is supposed to pay down our national debt.

Oh so you are saying surplus is possible after all. Good on you.

Look, annual surplus is simply positive budget balance for the year, whether you use it to pay down debt or send a check back to everyone does not really matter to it being a budget surplus for that year.

Further - in current political climate WE DON'T HAVE TO WORRY ABOUT ANY SURPLUS EVER.

 

[Mikeoxenormous]

and yet want to give the rich tax cuts, (how ignorant is that) They must have brain damage.

and what will happen to global terrorism they ask , since they do not want to do anything about gun laws in the US, who by the way most mass shooters are white males and US citizens and even some vets, who in the hell cares.

The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.

The War on Poverty Has Cost $22 Trillion - NCPA
www.ncpa.org/sub/dpd/index.php?Article_ID=25288

U.S. National Debt Clock : Real Time

$20,204,000,000,000

Want to try again?

BULLSHIT.

Biggest components of of those programs SS and Medicare are PAID FOR with payroll taxes and in fact have been running surplus for years (REDUCING deficits)

The final component is Medicaid - a program that pays for medical care of low income people that couldn't possibly afford it otherwise. Even conservatives nowadays believe that the program is necessary.

Would the Medicaid program be needed if everyone had a job? Would anyone need medicare or social security, if more people were allowed to save more of their own money to invest, instead of being FORCED to contribute to the ponsi schemes?

I concede, in the magical unicorn and rainbow land in your head, Medicaid is not needed.

So I tell you what, as soon as you conservatives bring us that heaven on earth I'll 100% support phasing out Medicaid program...because no one will be left needing it.

Why was it that welfare was only allowed for 2 years when "I did not have sexual relations with that woman" was in office? Because the contract with America would cut off welfare after 2 years and people had to find work or go to school. His economy was touted as a great one, only because Newt brought the contract for the woman abuser to sign.