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Obama has manipulated the Cons perfectly.
The 14th Amendment:
"The validity of the public debt of the United States, authorized by law...shall not be questioned."
Congress already spent the money...now it's time to pay. NO QUESTION ABOUT IT!
To be fair, we are overspending and some of it needs to be cut. At the same time though, tax cuts over the last thirty years have put us in a situation where we are collecting much less as a percentage of GDP than anytime in the past 60 years. This needs to change, and it means closing loopholes or simply raising taxes, and that does mean on everyone. However, since the super wealthy have received by far the greatest benefit from these tax cuts, they need to cough up a much bigger percentage than everyone else. And I'm tired of hearing about fairness. It has nothing to do about fairness. It has to do with paying our bills. And if you really want to bring up the fairness issue, it isn't fair that the super wealthy have increased their wealth so dramatically while the rest of Americans have seen theirs diminish. It's bad for everybody.
We don't need to raise taxes--we need more TAXPAYERS. I agree close some of these loopholes--and get rid of these ridiculous subsidies--aka corporate welfare. And then it's high time that the 50% of this country whom pay no Federal income tax--start paying some. It's not fair that the top 10% in this country pays 67% of the entire tax base revenue of it. It results in punishing success while rewarding failure. It's called wealth redistribution--aka socialism. And we see how well that is working in Europe right now.
There simply is not enough wealth in this entire country to pay for 64 TRILLION in unfunded liabilities--resulting with baby-boomers now entering social security/medicare at 18,000 daily which will continue for the next 15 years. Someone needs to get serious--about cutting the size and scope of the Federal Government with a very sharp knife. And it sure isn't Barack Obama.
View attachment 14076
1 billion dollars--$100.00 bills stacked on palets.
View attachment 14077
1 trillion dollars--$100.00 bills stacked on palets--NOTE: how small the man is in this chart.
Now if you liberals can tell us who we're going to tax to get 78--(14.3 trillion in red ink now with another 64 looming)--of the above trillion dollar chart to pay this tab-then let us know about it--
When the top 10% in this country have increased their wealth so dramatically over the last 20 to 30 years while much of the rest of the country have lost wealth, it is obvious to see where the redistribution of wealth has gone, and it certainly has not been to the lower 90%. The simple fact is that the top 10% are not paying anywhere near the going rates. Some are barely paying at all, and a great many are paying less than most middle class Americans.
We do need to increase the number of taxpayers, but it's not going to happen by giving the wealthy tax breaks so that they will create more jobs. The evidence is clear; the wealthy do not re-invest excess amounts of money into creating jobs. If they did, our economy would be booming instead of being in the dumps. Most job growth is created by middle income people who have a drive to make something more, not by those who already have more money than they know what to do with. Give the tax breaks to the little guys who actually are willing to start new businesses. It's not for everyone, and you can't just give those breaks to everyone hoping for the best.
Raise the debt ceiling or raise the debt ceiling.
They know damn well that if they do not raise the debt ceiling the ensuing economic collapse means:
I bet you're a part of the flock that actually believed we needed TARP too. Second, once the economic catastrophe is evident
We need to increase the # of taxpayers to EVERY ADULT CITIZEN EARNING EVEN $1,
Raise the debt ceiling or raise the debt ceiling.
They know damn well that if they do not raise the debt ceiling the ensuing economic collapse means:
Second, once the economic catastrophe is evident
Look around you, Chicken Little. An economic catastrophe is already evident. How much more debt do you think we can incur before we end up in a complete collapse anyway? The moment everyone else stops buying our debt it's all over and that isn't far away. We're on the cusp of having our credit rating downgraded from AAA.
40% of what the federal government is spending is borrowed money. The fact you don't see that as a problem is only indicative of how ignorant and selfish you are regarding this situation. Your opinion on this matter is invalid.
We need to increase the # of taxpayers to EVERY ADULT CITIZEN EARNING EVEN $1,
That goal was achieved a long, long time ago. Every American who earns even $1 of earned income pays 7.65% of it to the federal government in taxes.
America's back is to the wall. We know that politicians can't keep their hands off revenue. Social Security proved that. What needs to be done? Increase taxes on corporations that hire people and produce the goods that we need? Put the guitar down for a minute and think. What do we need to do? We need to cut spending. Why do democ-rats refuse to understand thet basic concept?
The Democrats have agreed to anywhere from 2 to 4 trillion in spending cuts. Where have you been?
The Dems agree to spending cuts, but the other half of the coins is revenue increases. That's the only way to get a balanced budget.
Oh yeah, you also believe the nonsense that if ya make the rich richer they'll just run out and create jobs all over the place...don't think so....
Given ten years of Bush tax cuts, that theory is kinda defunct.
The Democrats have agreed to anywhere from 2 to 4 trillion in spending cuts. Where have you been?
Yeah, over a ten year period, which will still leave us with an excess of $1 trillion in deficits. Where have you been?
$1 trillion in deficits over ten years is one hell of lot better than the $6.9 trillion in deficits increased in the 8 years of Bush's presidency. WTF have the Repugs suggested - destroying the governement's credit? Ending Medicare?
The Dems agree to spending cuts, but the other half of the coins is revenue increases. That's the only way to get a balanced budget.
That is patently false. The budget can be balanced without another dime of revenue. They simply choose not to do it.
Oh yeah! Completely fucking over the American people...that's a plan.
Oh yeah, you also believe the nonsense that if ya make the rich richer they'll just run out and create jobs all over the place...don't think so....
And what do you think they do with the money? Bathe in golden bathtubs filled with $100 bills? Tell us, genius, how do jobs get created?
Job growth comes when there's a robust market for goods and services, and that only happens when there's equitable wealth distribution. Giving all the money to the wealthy and thinking that there going to create jobs just out of the goodness of their hearts is a bunch of crap. The more you tax the wealthy the more you force them into higher risk job expanding ventures. When you hold their taxes down, they invest in low risk, no job creating investments. Investing in gold doesn't create jobs.
Given ten years of Bush tax cuts, that theory is kinda defunct.
Only to a simpleton like yourself. The Bush tax cuts did spur job growth. In fact the unemployment rate was all the way down to 4.5%, but don't let facts get in the way of your partisanship. The financial crash introduced a whole new set of circumstances that changed the game.
Bush inherited the most robust economy in history from Clinton and then he proceeded to destroy it...or did you miss the economic collapse in 2008?
The economy is like an organism. It takes a set of factors working together to make it stronger or weaker, not just one.
Yes, and one of the major economic factors that led this country to be the economic mamouth that it has been for the last 70 years is a strong government and high taxation on the wealthy.
You just told someone in another thread they should go back to watching Oprah because they don't understand politics. Well, what the hell are you doing here? It's clear you have little education of the matters you like to run your mouth about.
The Democrats have agreed to anywhere from 2 to 4 trillion in spending cuts. Where have you been?
$1 trillion in deficits over ten years is one hell of lot better than the $6.9 trillion in deficits increased in the 8 years of Bush's presidency. WTF have the Repugs suggested - destroying the governement's credit? Ending Medicare?
Oh yeah! Completely fucking over the American people...that's a plan.
Job growth comes when there's a robust market for goods and services, and that only happens when there's equitable wealth distribution. Giving all the money to the wealthy and thinking that there going to create jobs just out of the goodness of their hearts is a bunch of crap. The more you tax the wealthy the more you force them into higher risk job expanding ventures. When you hold their taxes down, they invest in low risk, no job creating investments. Investing in gold doesn't create jobs.
Bush inherited the most robust economy in history from Clinton and then he proceeded to destroy it...or did you miss the economic collapse in 2008?
Yes, and one of the major economic factors that led this country to be the economic mamouth that it has been for the last 70 years is a strong government and high taxation on the wealthy.
You just told someone in another thread they should go back to watching Oprah because they don't understand politics. Well, what the hell are you doing here? It's clear you have little education of the matters you like to run your mouth about.
Is clear that you're a wingnut drone, that regurgitates whatever his masters tell him. You know nothing about the history of the economics of this country.
That is patently false. The budget can be balanced without another dime of revenue.
I think the Reps should put a plan out there detailing exactly what they will cut.
Let the American people see exactly what they will do.
Do that and throw it back in OL'BO's lap because his Dems ain't to good with budgets. In fact, they haven't had one for two years. Wonder how long it would take for em to actually put out a detailed plan of their cuts??
Is clear that you're a wingnut drone, that regurgitates whatever his masters tell him. You know nothing about the history of the economics of this country.
That is patently false. The budget can be balanced without another dime of revenue.
Only in Libertarian Lala Land.
The repugs have 2 choices:
Raise the debt ceiling or raise the debt ceiling. * * * *
