We have a serious spending problem - and it can't be disputed

[Dad2three]

For the first time in U.S. history, revenues to the federal government hit $3 trillion in a single year (2014). And yet our failed liberal government still ran up half a trillion in deficit spending. We do not have a revenue problem - we have a spending problem. And it cannot be disputed.

Furthermore, it is not even remotely possible to burn through $3 trillion unless you're actively trying to collapse a nation/economy. It's an astronomical amount of money that cannot be spent unless you throw it away intentionally - like spending over $300k to give bunnies Swedish massages 4x's a day (you can't make this stuff up folks - just click here).

Federal Tax Revenue Surpasses 3 Trillion for First Time Ever

Nothing like ignoring the fact that as a percentage of GDP, revenues are still significantly lower than they have been for the vast majority of the past 60 years.

Nothing like ignoring facts for propaganda. $3 trillion. It's absolutely unfathomable and completely outrageous. I could easily run the federal government off of $1 trillion while paying down the national debt at the same time.

Weird there is NO state or nation to EVER try the libertarian garbage at ANYTIME successfully right?

$1.5+ trillion on SS (keeps almost half of seniors out of poverty) and Medicare in 2013. $1 trillion huh? lol

Wingnutter

 

[Dad2three]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive. Even adding in State and Municipal spending, the US spends less as a percentage of GDP than most industrialized democracies.

If that was the total, you might be right. Now, add in state and local taxes and "fees", and just how much of a dollar does a person get to keep?

Mark

The average filer saw her effective tax rate drop from 22 percent in 1979 to 18.1 percent in 2010

Your taxes are really low in one chart - The Washington Post


Tax bills in 2009 at lowest level since 1950


Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950

Tax bills in 2009 at lowest level since 1950 - USATODAY.com

 

[Dont Taz Me Bro]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive.

A federal debt of $17 trillion most certainly is.

 

[Dad2three]

Except most civilized countries spend more than we do.

I do agree that we borrow too much, but here's the thing. borrowing is easier politically than taxing or cutting spending.

Soooo, spending like a drunken Marine makes me more civilized?

Borrowing is easy when rates are in the cellar...saving not so much. Perpetual low rates encourage debt and spending and discourage saving and investment. An economy that is dependent on citizens spending at the expense of saving is not sustainable. An economy that is depends on citizens taking on more debt to sustain their spending is a disaster waiting to happen.

"Every dollar spent by the government must be paid for either by taxes or by more borrowing with greater debt. The only way to make more tax cuts now is to have bigger and bigger deficits and to borrow more and more money. Either we or our children will have to bear the burden of this debt. This is one kind of chicken that always comes home to roost. An unwise tax cutter, my fellow citizens, is no real friend of the taxpayer." - Pres. Dwight D. Eisenhower” 1952 in his refusal to lower the top tax rate on the rich from 91%.

Then his worst nightmare came true 30 years later -REPUBLICAN Pres. Reagan lowered the top rate from 70% to 28%! And he TRIPLED the national debt from $1 Trillion to $3 Trillion.



CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2001-2010)

 

[BluesLegend]

To most liberals the solution to every problem is a tax increase.

 

[Dont Taz Me Bro]

Unconstitutional, liberal government continues to humiliate itself...

1. The National Institute of Health’s Center for Alternative and Complimentary Medicine spent$387,000 to study the effects of Swedish massages on rabbits.

2. The Department of Interior spent $10,000 to monitor the growth rate of saltmarsh grass. In other words, the government is paying people to watch grass grow. On the bright side, they have not started paying people to watch paint dry.

3. The National Science Foundation has granted more than $200,000 to a research project that is trying to determine how and why Wikipedia is sexist. Wikipedia’s War on Woman?

4. The National Institute of Health funded a study to see if mothers love dogs as much as they love kids. Regardless of the results, this experiment cost taxpayers $371,026.

5. The federal government has granted $804,254 for the development of a smartphone game called “Kiddio: Food Fight.” The game is intended to teach parents how to convince their children to try and eat new healthier food choices.

6. The National Endowment for the Humanities has provided $47,000 for undergraduate classes that teach students about laughing and humor.

7. The National Science Foundation spent $856,000 to teach mountain lions how to walk on treadmills as part of a research project whose aim was to better understand mountain lions’ instincts.

Top 7 Wackiest Examples of Wasteful Government Spending from Wastebook 2014

How much money did we spend on Republican war mongering and the military industrial complex?

 

[Dad2three]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive.

A federal debt of $17 trillion most certainly is.

Yeah, THAT'S why all the other nations are investing in the US right? They are concerned about our debt levels? lol

 

[Dont Taz Me Bro]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive.

A federal debt of $17 trillion most certainly is.

Yeah, THAT'S why all the other nations are investing in the US right? They are concerned about our debt levels? lol

Guess you've been missing this discussion.

Is the Dollar Dying Why US Currency Is in Danger

 

[Dad2three]

To most liberals the solution to every problem is a tax increase.

Nope, to the conservatives it's been tax cuts, don't remember Dubya/GOP huh?

 

[C_Clayton_Jones]

"We have a serious spending problem - and it can't be disputed"

No, we have a serious rightwing demagoguery problem.

We have a serious problem of rightists adhering blindly to failed, unwarranted conservative fiscal dogma.

And we have a serious problem of ignorant, partisan republicans seeking to oversimplify a complex issue.

 

[Dad2three]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive.

A federal debt of $17 trillion most certainly is.

Yeah, THAT'S why all the other nations are investing in the US right? They are concerned about our debt levels? lol

Guess you've been missing this discussion.

Is the Dollar Dying Why US Currency Is in Danger

PLEASE give me ONE time conservatives have EVER been correct on ANY policy, much less the economy? LOL


Yeah and interest rates and inflation have skyrocketed the past decade, IF we listened to cons!!!

 

[Dont Taz Me Bro]

We have a serious problem of rightists adhering blindly to failed, unwarranted conservative fiscal dogma.

Yeah, because living within one's means is such an absurd concept.

 

[Dad2three]

3 Trillion in a 18 trillion dollar economy? That is hardly excessive. Even adding in State and Municipal spending, the US spends less as a percentage of GDP than most industrialized democracies.

If government spending is more than 10% of GDP, government is too big and is spending too much. Additionally, outside of MAJOR national emergencies, if government needs to borrow to spend, it is spending too much.

I don't expect fans of big government to agree.

OPINION from a Klown who would've been a Torry, a confederate, an isolationists during both WW's, fighting the things that created the worlds largest middle cl;ass, like Teddy's trust busting, labor laws, union rights, civil rights, SOCIAL SECURITY, etc



CONS ARE NEVER ON THE CORRECT SIDE OF HISTORY!

 

[BluesLegend]

To most liberals the solution to every problem is a tax increase.

Nope, to the conservatives it's been tax cuts, don't remember Dubya/GOP huh?

Is MY money lib, sorry if that offends you.

 

[Dad2three]

We have a serious problem of rightists adhering blindly to failed, unwarranted conservative fiscal dogma.

Yeah, because living within one's means is such an absurd concept.

We had the means, Ronnie and Dubya CHOSE to GUT them


"Starving the beast" is a political strategy employed by American conservatives in order to limit government spending by cutting taxes in order to deprive the government of revenue in a deliberate effort to force the federal government to reduce spending.


Before his election as President, then-candidate Ronald Reagan foreshadowed the strategy during the 1980 US Presidential debates, saying "John Anderson tells us that first we've got to reduce spending before we can reduce taxes. Well, if you've got a kid that's extravagant, you can lecture him all you want to about his extravagance. Or you can cut his allowance and achieve the same end much quicker."

Starve the beast - Wikipedia the free encyclopedia

 

[Dad2three]

To most liberals the solution to every problem is a tax increase.

Nope, to the conservatives it's been tax cuts, don't remember Dubya/GOP huh?

Is MY money lib, sorry if that offends you.

PAY YOUR GAAAADAMM BILLS YOU LEACH!!!


Benjamin Franklin, Founding Father, American diplomat, statesman, and scientist; letter to Robert Morris, December 25, 1783:

"All the property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of: But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it."

 

[Dont Taz Me Bro]

To most liberals the solution to every problem is a tax increase.

Nope, to the conservatives it's been tax cuts, don't remember Dubya/GOP huh?

Is MY money lib, sorry if that offends you.

He's no liberal; he's a dyed in the wool greedy Marxist.

 

[The Rabbi]

For the first time in U.S. history, revenues to the federal government hit $3 trillion in a single year (2014). And yet our failed liberal government still ran up half a trillion in deficit spending. We do not have a revenue problem - we have a spending problem. And it cannot be disputed.

Furthermore, it is not even remotely possible to burn through $3 trillion unless you're actively trying to collapse a nation/economy. It's an astronomical amount of money that cannot be spent unless you throw it away intentionally - like spending over $300k to give bunnies Swedish massages 4x's a day (you can't make this stuff up folks - just click here).

Federal Tax Revenue Surpasses 3 Trillion for First Time Ever

Nothing like ignoring the fact that as a percentage of GDP, revenues are still significantly lower than they have been for the vast majority of the past 60 years.

Link?
So what?
It is record revenue that has done nothing to reduce the deficit.
Reagan was right. The only way to cut spending is to cut revenue and starve the beast.

 

[Dan Daly]

How much money did we spend on Republican war mongering and the military industrial complex?

You mean how much have both statist, interventionist parties spent on war mongering and the military industrial complex? Way too fking much.

 

[JoeB131]

Sadly, it's what both major parties are about. Take off the party blinders, my friend, before you trip and hurt yourself.

You know what, buddy. The only time we passed balanced budgets in my lifetime was when Bill Clinton was president. He also gave us peace and 3% unemployment and an awesome stock market.

"Oh my God, he lied about a blow job! Let's impeach him!!!"