Math Lesson for the Feeble Minded

[ScreamingEagle]

I love how whininglittleasswarpdemoncraps blamed boooooosh for ten years but wail and sirene when somebody attempts to hold the black guy accountable. it's just ******* priceless.

yeah....priceless......except for a few Trillion give or take....

 

[BlindBoo]

He is the President, the one promoting a budget that will surpass $20 trillion of debt. What the **** would be the point of bitching about how much past presidents/Congresses contributed to that debt? We either deal with the situation we face today or we don't. Obama is the face of what we're dealing with today, just as Bush was a decade ago. Do you stand against more debt or not? That's all that matters.

It is a typical attempt to retroactively blame Obama for every economic problem we face.

Obama did not run up that $20 trillion debt by himself. He had decades of Republican and Democratic help.

The House controls the purse strings, and the last I checked, the GOP still has the majority there.

I would have been fine with the OP, except that it puts the entire blame for our shit sandwich on Obama with, "Are you Obama supporters OK with this? Do you even care?"


That's a bullshit, cowardly, ignorant tactic.

The proper question is "Are you Republicans and Democrats okay with this? Do you even care?"

This is not an Obama problem. This is not even a Democratic problem. This is a bipartisan problem, and any asshole who attempts to divert attention away from that fact the way the OP just tried to do is a dick. I bet he doesn't even have a clue what the annual interest on the debt we were paying at the end of Bush's term was.

not an Obama problem.....? not a Democrat problem.....?

'scuse me...

why hasn't there been a balanced budget for the last 4 years......?

or is ignoring the problem the real answer....?

Dwight Eisenhower was last Republican President to preside over a balanced budget.

 

[ScreamingEagle]

It is a typical attempt to retroactively blame Obama for every economic problem we face.

Obama did not run up that $20 trillion debt by himself. He had decades of Republican and Democratic help.

The House controls the purse strings, and the last I checked, the GOP still has the majority there.

I would have been fine with the OP, except that it puts the entire blame for our shit sandwich on Obama with, "Are you Obama supporters OK with this? Do you even care?"


That's a bullshit, cowardly, ignorant tactic.

The proper question is "Are you Republicans and Democrats okay with this? Do you even care?"

This is not an Obama problem. This is not even a Democratic problem. This is a bipartisan problem, and any asshole who attempts to divert attention away from that fact the way the OP just tried to do is a dick. I bet he doesn't even have a clue what the annual interest on the debt we were paying at the end of Bush's term was.

not an Obama problem.....? not a Democrat problem.....?

'scuse me...

why hasn't there been a balanced budget for the last 4 years......?

or is ignoring the problem the real answer....?

Dwight Eisenhower was last Republican President to preside over a balanced budget.

that was too optimistic....just a BUDGET would be nice....but i guess the Senate has other ideas....

 

[jillian]

Who was it that claimed deficits don't matter?

Interest free? Hahahahaha.

you forgot about how iraqi oil was going to pay for the war.

 

[ilia25]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion. You are incapable to see the facts contradicting your worldview, but those are the facts nonetheless. The deficit is shrinking -- from 1.5 trillion Obama has inherited in 2008 to 1 trillion in 2012.

This trend will continue unless Republicans cause a default and another recession by refusing to rise the debt limit.

Second, there is no chance in hell that the US will pay 5% interest on its whole debt in 2016. The government is not borrowing at variable rate. Currently it can borrow for 30 years at 3% fixed rate and for 5 years at 0.75%. And so it does.

 

[eflatminor]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion.

Whatever you say...

The deficit is shrinking -- from 1.5 trillion Obama has inherited in 2008 to 1 trillion in 2012.

Fiscal Year 2008 federal deficit - $459 billion
Estimated fiscal Year 2012 federal deficit - $1,089 billion

Total federal spending 2008 - $2,982,500,000,000
Estimated total federal spending 2012 - $3,795,600,000,000

Whatever you say genius...

 

[ScreamingEagle]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion. You are incapable to see the facts contradicting your worldview, but those are the facts nonetheless. The deficit is shrinking -- from 1.5 trillion Obama has inherited in 2008 to 1 trillion in 2012.

This trend will continue unless Republicans cause a default and another recession by refusing to rise the debt limit.

Second, there is no chance in hell that the US will pay 5% interest on its whole debt in 2016. The government is not borrowing at variable rate. Currently it can borrow for 30 years at 3% fixed rate and for 5 years at 0.75%. And so it does.

numbers are from the OMB......that's some "shrinking deficit" you got there....

The Captain's Comments - Pres. Obama's Deficits

 

[ilia25]

OK. Let's get real about spending cuts and taxes. Reinstate the whole of the Clinton Tax Schedule. Add 5% on those making more than a million, and make that on all income from whatever source. Cut Defensed spending by half. Adopt the Japanese Health Care System, and halve the cost of Health Care, with great improvements in results. Also takes the burden off of businesses, so small businesses are on equal footing with big business as far as health care is concerned. You want to play with Social Security? Then let's means test the upper end. And make the 6.2% tax that I pay go all the way up the scale on all income.

The suggestions I have made would go far to balance the budget. But would never be adopted by any party.

Just raising the top tax rate to 70% -- the rates we lived with during decades before Reagan was elected -- will be enough to bring the deficits down to sustainable levels.

Just do away with the voodoo economics that were forced on us by Republicans 30 years ago, and we will be fine.

 

[Freemason9]

Liberals don't let facts permeate their ideology, but when money comes out of their pockets they turn violent!

Why on earth do you always blame these "Liberals" for the national debt? Hell, Ronald Wilson Reagan began the modern political theme of increasing federal spending and reducing taxes.

Reagan discovered that giving out freebies wins elections!

Don't blame fuckin' liberals. They may be blamed for many other things, but the neocons of the Republican Party started this federal debt debacle. Another name for the federal debt is Ronald Wilson Reagan.

Reagan began the slow destruction of this nation to win his elections.

 

[eflatminor]

OK. Let's get real about spending cuts and taxes. Reinstate the whole of the Clinton Tax Schedule. Add 5% on those making more than a million, and make that on all income from whatever source. Cut Defensed spending by half. Adopt the Japanese Health Care System, and halve the cost of Health Care, with great improvements in results. Also takes the burden off of businesses, so small businesses are on equal footing with big business as far as health care is concerned. You want to play with Social Security? Then let's means test the upper end. And make the 6.2% tax that I pay go all the way up the scale on all income.

The suggestions I have made would go far to balance the budget. But would never be adopted by any party.

Just raising the top tax rate to 70% -- the rates we lived with during decades before Reagan was elected -- will be enough to bring the deficits down to sustainable levels.

Certainly, increasing tax rates helped France generate the revenue they need, right? And when the UK did it, they saw an increase in tax revenue, didn't they? How about California's recent tax rate hike? Did their revenues increase or decrease?

You haven't a clue what you're talking about.

 

[PaulS1950]

The simple fact is that our representative government has been and is spending 1/3 more money than they collect in taxes. BOTH PARTIES are guilty of this. This is not about deficit spending it is about a debt that, if not paid, will be the end of the USA. At this point in time it is nearly useless to even consider paying that debt off. It would take over a 50% reduction in or national budget and thousands of years to pay off the debt. I don't see any polititian tackling that task and I don't see the people of the USA even considering that. What that leaves us with is the ruination of the USA. It doesn't matter whether you are liberal, socialist, republican or fascist. The place you live is going to be a hell on earth when it finally collapses in the next twenty years. You will be alive to see it and your children will be alive to see it. Whom ever has the most power when the collapse occurs will for whatever will replace the USA and its constitution.
The only proactive solution is to disolve the representative form of government that we have and institute a new constitution that ensures the rights and freedoms of the individuals who are citizens. We will need to educate people to do their own voting rather than leaving it up to some representative that they can later blame for what goes wrong.
The constitution will have to be protected by a court that determines the constitutionality of each law before it is passed. That way no majority can subvert or bypass the constitution to pass laws that do not reflect its integrity. Although we need a representative that can meet with other world leaders, that representative should have no power of law. The military will be under the direct control of the people through the joint chiefs of staff and a citizen vote.

 

[Freemason9]

The simple fact is that our representative government has been and is spending 1/3 more money than they collect in taxes. BOTH PARTIES are guilty of this. This is not about deficit spending it is about a debt that, if not paid, will be the end of the USA. At this point in time it is nearly useless to even consider paying that debt off. It would take over a 50% reduction in or national budget and thousands of years to pay off the debt. I don't see any polititian tackling that task and I don't see the people of the USA even considering that. What that leaves us with is the ruination of the USA. It doesn't matter whether you are liberal, socialist, republican or fascist. The place you live is going to be a hell on earth when it finally collapses in the next twenty years. You will be alive to see it and your children will be alive to see it. Whom ever has the most power when the collapse occurs will for whatever will replace the USA and its constitution.
The only proactive solution is to disolve the representative form of government that we have and institute a new constitution that ensures the rights and freedoms of the individuals who are citizens. We will need to educate people to do their own voting rather than leaving it up to some representative that they can later blame for what goes wrong.
The constitution will have to be protected by a court that determines the constitutionality of each law before it is passed. That way no majority can subvert or bypass the constitution to pass laws that do not reflect its integrity. Although we need a representative that can meet with other world leaders, that representative should have no power of law. The military will be under the direct control of the people through the joint chiefs of staff and a citizen vote.

But why do we have to pay off the debt? SERIOUSLY. And, who do we pay it to? Ourselves?

What happens if we don't worry about it? Anything? Because nothing's happened so far.

 

[ilia25]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion.

Whatever you say...

The deficit is shrinking -- from 1.5 trillion Obama has inherited in 2008 to 1 trillion in 2012.

Fiscal Year 2008 federal deficit - $459 billion

Fiscal year ends in September. In FY 2009 the deficit was 1.5 trillion, now down to 1 trillion.

numbers are from the OMB......that's some "shrinking deficit" you got there....

Those are projections form more than a year ago.

 

[ilia25]

OK. Let's get real about spending cuts and taxes. Reinstate the whole of the Clinton Tax Schedule. Add 5% on those making more than a million, and make that on all income from whatever source. Cut Defensed spending by half. Adopt the Japanese Health Care System, and halve the cost of Health Care, with great improvements in results. Also takes the burden off of businesses, so small businesses are on equal footing with big business as far as health care is concerned. You want to play with Social Security? Then let's means test the upper end. And make the 6.2% tax that I pay go all the way up the scale on all income.

The suggestions I have made would go far to balance the budget. But would never be adopted by any party.

Just raising the top tax rate to 70% -- the rates we lived with during decades before Reagan was elected -- will be enough to bring the deficits down to sustainable levels.

Certainly, increasing tax rates helped France generate the revenue they need, right? And when the UK did it, they saw an increase in tax revenue, didn't they? How about California's recent tax rate hike? Did their revenues increase or decrease?

The new French tax rates are only scheduled to kick in in 2013, genius. As for the UK, the tax revenues drops during the recession, particularly in the top brackets. So it proves nothing.

 

[eflatminor]

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion.

Whatever you say...



Fiscal Year 2008 federal deficit - $459 billion

Fiscal year ends in September. In FY 2009 the deficit was 1.5 trillion, now down to 1 trillion.

Yes, in Obama's first year in office, the deficit hit $1,413 billion. A new record. Well done! Federal spending was bad under Bush, it REALLY took off under Obama:
2008 - $3.0 trillion
2009 - $3.5 trillion
2010 - $3.5 trillion
2011 - $3.6 trillion
2012 - $3.8 trillion

But you keep telling us what a fiscal conservative your dear leaders is...

 

[Charles_Main]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Do you think the rest of the world is going to loan us all the money we want at zero per cent interest forever? Where are U.S. businesses going to get loans for expansion if the federal government soaks up all available credit? When will this bubble burst?

Are you Obama supporters OK with this? Do you even care?

To answer your question. No, they do not care, they think we can go on like this forever. They actually believe we need to spend more.

Obama said it last night. He said 1 time that we need to cut spending, but then went on to say we need even more tax increases and "we need to invest more in teachers, police, and infrastructure" Which is him saying we need to spend more, not less.

America is getting exactly what it asked for when it re-elected Obama.

I said before the election that this was it, this was our last chance to reverse course and head back toward Fiscal Sanity. We blew it. In Another 4 years it is going to be even harder to defeat this entrenched, Welfare state, Mentality.

 

[ilia25]

At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

1% = $200 billion

2% = $400 billion

3% = $600 billion

4% = $800 billion

5% = $1 trillion (1/4 of federal budget)

Your problem is that you are right-winger, hence you CANNOT do math.

First, our debt will be less than 20 trillion.

Also, I would like to remind all the math challenged right-wingers out there that Japan owes more than 14 trillion while having 3 times smaller economy than the US and its population is shrinking.

And yet Japan can borrow for 20 years at 1.7%.

 

[cutter]

So? **** the future generations. Who cares about those yet to be born? We're ENTITLED to live this way.

Maybe that's why liberals are all pro abortion. They refuse to burden their children with their debt. Liberal thinking say's burden YOUR children, not their own.

 

[eflatminor]

Just raising the top tax rate to 70% -- the rates we lived with during decades before Reagan was elected -- will be enough to bring the deficits down to sustainable levels.

Certainly, increasing tax rates helped France generate the revenue they need, right? And when the UK did it, they saw an increase in tax revenue, didn't they? How about California's recent tax rate hike? Did their revenues increase or decrease?

The new French tax rates are only scheduled to kick in in 2013, genius. As for the UK, the tax revenues drops during the recession, particularly in the top brackets. So it proves nothing.

And already the rich are fleeing France...and tax revenues are down. Any chance the recession in the UK is being exacerbated by their higher tax rates? Naw, couldn't be!

But you just keep telling us that higher tax rates will fix our spending problem.

 

[depotoo]

OK. Let's get real about spending cuts and taxes. Reinstate the whole of the Clinton Tax Schedule. Add 5% on those making more than a million, and make that on all income from whatever source. Cut Defensed spending by half. Adopt the Japanese Health Care System, and halve the cost of Health Care, with great improvements in results. Also takes the burden off of businesses, so small businesses are on equal footing with big business as far as health care is concerned. You want to play with Social Security? Then let's means test the upper end. And make the 6.2% tax that I pay go all the way up the scale on all income.

The suggestions I have made would go far to balance the budget. But would never be adopted by any party.

Just raising the top tax rate to 70% -- the rates we lived with during decades before Reagan was elected -- will be enough to bring the deficits down to sustainable levels.

Just do away with the voodoo economics that were forced on us by Republicans 30 years ago, and we will be fine.

you have fallen for that line -hook line and sinker, haven't you?
Too bad it is inherently false.