The U.s. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

[Vigilante]

More Obuma economic LIES uncovered!

The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny....

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

 

[Care4all]

budget deficit is NOT the same as National Debt....it never has been and it never will have the same meaning...

Budget DEFICIT is not the equivalent of National DEBT...

Obama with Congress has reduced the yearly budget deficit by almost 2/3's of what it was running when the president took office, period.

 

[AntiParty]

More Obuma economic LIES uncovered!

The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny....

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

The Cost of War in Iraq

 

[Bfgrn]

More Obuma economic LIES uncovered!

The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny....

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

No, the 'tricks' are misstating gross debt instead of debt held by the public.

What I learned from hanging out with deficit hawks - Salon.com

 

[S.J.]

And the stupid ass liberals on this board march along behind him in lockstep while he leads them over the cliff.

 

[Freemason9]

You will need more revenue if you are really committed to reducing the deficit.

 

[Joe Steel]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

 

[S.J.]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

Increasing taxes will ADD to the debt because it slows the economy and causes more unemployment. Less people working, less people paying taxes. Even the idiot Obama understands this simple fact.

 

[Joe Steel]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

Increasing taxes will ADD to the debt because it slows the economy and causes more unemployment. Less people working, less people paying taxes. Even the idiot Obama understands this simple fact.

Nonsense. Taxes are just a cost of doing business. If capitalists can make more money because of taxes, they don't mind paying them. That's what could happen. When we raise taxes to fund government wealth transfers, capitalists will make money.

 

[EdwardBaiamonte]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business.

When you call for a tax on business you are calling for a tax on yourself.

We have the tax on business only to pander to the pure ignorance of liberals who lack the IQ to know they are taxing themselves.

 

[EdwardBaiamonte]

Indeed. Our deficit and debt are the result of our wealth coddling tax policies.

top 1% pay 40% of all federal income tax, up from 20% under Reagan. NYS and CA get 50% of their budgets from top 1%, while bottom 50% pay no federal taxes. That is wealth coddling or poor coddling?

See why we say liberalism is based in pure ignorance?

 

[Joe Steel]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

 

[OnePercenter]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

NO, we have to increase and create income to increase tax revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 300 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure. Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[OnePercenter]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

Increasing taxes will ADD to the debt because it slows the economy and causes more unemployment. Less people working, less people paying taxes. Even the idiot Obama understands this simple fact.

Nonsense. Taxes are just a cost of doing business. If capitalists can make more money because of taxes, they don't mind paying them. That's what could happen. When we raise taxes to fund government wealth transfers, capitalists will make money.

Then explain off-shore and inversion.

 

[EdwardBaiamonte]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

Dear, as i said, you are an economic pure illiterate. Its like you are a child. An apple costs a dollar and a Rolls Royce costs $300,000. Each price reflects costs. Its not coincidence that Rolls costs more than apple. The guy who sells the apple cant charge a penny more lest he be undersold by competition. His profits are next to nothing. Add a tax or a fertilizer and he has to raise the price by the exact amount of the tax or fertilizer cost to maintain his next to nothing profits.

Do you understand now?

 

[OnePercenter]

Indeed. Our deficit and debt are the result of our wealth coddling tax policies.

top 1% pay 40% of all federal income tax, up from 20% under Reagan. NYS and CA get 50% of their budgets from top 1%, while bottom 50% pay no federal taxes. That is wealth coddling or poor coddling?

See why we say liberalism is based in pure ignorance?

Speaking of ignorance, you are trying to contrast and compare a percentage with actual dollars.

Why does the top 1% pay more?

Example: My effective Federal tax rate for 2013 was 3.6% or $954,000.00. What was your effective Federal tax rate and how much did you pay?

 

[EdwardBaiamonte]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

Increasing taxes will ADD to the debt because it slows the economy and causes more unemployment. Less people working, less people paying taxes. Even the idiot Obama understands this simple fact.

Nonsense. Taxes are just a cost of doing business. If capitalists can make more money because of taxes, they don't mind paying them. That's what could happen. When we raise taxes to fund government wealth transfers, capitalists will make money.

Then explain off-shore and inversion.

simple, Burger King gets acquired by foreign company and pays lower tax of foreign country. Further, when it wants to bring earnings in from off shore they are not subject to American tax so they can invest and built the American economy better from off shore.

It is extremely perverse and 100% liberal!!

Best solution is to eliminate corporate tax altogether to cause huge economic boom here!

 

[EdwardBaiamonte]

Indeed. Our deficit and debt are the result of our wealth coddling tax policies.

top 1% pay 40% of all federal income tax, up from 20% under Reagan. NYS and CA get 50% of their budgets from top 1%, while bottom 50% pay no federal taxes. That is wealth coddling or poor coddling?

See why we say liberalism is based in pure ignorance?

Speaking of ignorance, you are trying to contrast and compare a percentage with actual dollars.

Why does the top 1% pay more?

Example: My effective Federal tax rate for 2013 was 3.6% or $954,000.00. What was your effective Federal tax rate and how much did you pay?

yes it is a total rip off that the rich are the ones who almost exclusively support the government while nearly half get a free ride with no taxes and the incentive to always vote for higher taxes that they don't pay!

Liberals have turned democracy into theft!

 

[OnePercenter]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

Dear, as i said, you are an economic pure illiterate. Its like you are a child. An apple costs a dollar and a Rolls Royce costs $300,000. Each price reflects costs. Its not coincidence that Rolls costs more than apple. The guy who sells the apple cant charge a penny more lest he be undersold by competition. His profits are next to nothing. Add a tax or a fertilizer and he has to raise the price by the exact amount of the tax or fertilizer cost to maintain his next to nothing profits.

Do you understand now?

Unless he can convince consumers that his apples are tastier and more juicy than his competitions. A Rolls Royce figuratively is tastier and more juicy than a Dodge.

 

[OnePercenter]

Indeed. Our deficit and debt are the result of our wealth coddling tax policies.

top 1% pay 40% of all federal income tax, up from 20% under Reagan. NYS and CA get 50% of their budgets from top 1%, while bottom 50% pay no federal taxes. That is wealth coddling or poor coddling?

See why we say liberalism is based in pure ignorance?

Speaking of ignorance, you are trying to contrast and compare a percentage with actual dollars.

Why does the top 1% pay more?

Example: My effective Federal tax rate for 2013 was 3.6% or $954,000.00. What was your effective Federal tax rate and how much did you pay?

yes it is a total rip off that the rich are the ones who almost exclusively support the government while nearly half get a free ride with no taxes and the incentive to always vote for higher taxes that they don't pay!

Liberals have turned democracy into theft!

So the wealthy should pay less taxes than you?