Discussion in 'Politics' started by Penelope, Oct 5, 2017.
10 trillion added under Obama.
Democrat social programs account for 80% of federal spending. So how are Republicans responsible for most of the debt?
What I don't get is, why does It matter how much the rich pay? It's not like how much they pay will effect how much the government will redistribute.
They routinely create trillion dollar deficits every year cuz it's all Fed monopoly money that gets printed in the basement.
Usually left wing losers are very envious of successful people and they would rather steal from them instead of getting a job and supporting themselves
it's bullshit class warfare waged by the Democrats to create division in the electorate. There are fewer "RICH PEOPLE", so they vilify the few and tell the many to vote DEMOCRAT.
It's very transparent political opportunism, and the useful idiots lap that shit up like a thirsty dog.
RICH = BAD!
Hillary NEVER said what the fuck she means by "THE RICH SHOULD PAY THEIR FAIR SHARE"......because she is saying, "YOU GUYS ARE VICTIMS! VOTE FOR ME AND I WILL PUNISH THE RICH PEOPLE YOU ARE JEALOUS OF."
Hillary can pay her "FAIR SHARE" anytime she wants...she just need to send in more money to the government.
THERE IS NO MAXIMUM TAX....THERE IS ONLY A MINIMUM TAX....Rich Dems should pay WHAT THEY CLAIM IS THIER FAIR SHARE.
It's so funny to me that PROGS never want to talk about specifics.
It seems they don't even believe their own bullshit, because they can't defend it.
Progs, who are the "RICH" and what is their "FAIR SHARE" of taxes?
Get specific with numbers.
Should anyone earning over $50,000 pay 90% in taxes? What do you guys want?
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.
You started a thread making accusations & assumptions only based on nothing, which means Republicans have brain damage.
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.
Separate names with a comma.