Stop lying about the Budget

[M14 Shooter]

And you could eliminate all discretionary spending and you'd still have a deficit.

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

How about raising taxes on the top 1% and cutting the defense budget.

How many times do I have to post this?
-You could take every dime from every person making >250k and still have a $1000B deficit.
-You could cut defense spending to $0 and still have a $345B deficit.
Now what?

 

[M14 Shooter]

And you could eliminate all discretionary spending and you'd still have a deficit.

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

Almost all of the accumulated debt of the last 30 years can be attributed to increases in defense spending that were not paid for, via taxes, on a pay as you go basis,

Prove this. Good luck.

 

[Big Fitz]

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

How about raising taxes on the top 1% and cutting the defense budget.

How many times do I have to post this?
-You could take every dime from every person making >250k and still have a $1000B deficit.
-You could cut defense spending to $0 and still have a $345B deficit.
Now what?

apparently he likes slamming his face into this cardoor again and again.

 

[Big Fitz]

And you could eliminate all discretionary spending and you'd still have a deficit.

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

How about raising taxes on the top 1% and cutting the defense budget.

That's what Clinton did and he balanced the budget.

That's like saying to save money, I sold the car for cost, cancelled our insurance and got the neighbor to pay us that 1000 bucks he owed us! Our buget is balanced now because expenses are down and income is up!

As we quickly discovered under Bush the military was then inadequately funded and using obsolete equipment and therefore caused soldier deaths by being unprepared for the next war.

Good job!

 

[Big Fitz]

You people need to face reality. You're never going to get the budget balanced on the backs of the 'other' guys. It's politically impossible.

You mean like the "richest 1%" of the population backs?

 

[Big Fitz]

And you could eliminate all discretionary spending and you'd still have a deficit.

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

Almost all of the accumulated debt of the last 30 years can be attributed to increases in defense spending that were not paid for, via taxes, on a pay as you go basis,

and since most conservatives insist that defense spending is constitutional,

your idea, while appealing to the right, does nothing to solve the problem.

The near exponential growth in education costs, social security, medical care and other unconstitutional social spending has nothing to do with this debt does it?

What agencies are already bankrupt to the tune of trillions of dollars in future outlays? Ohhhh that's right. Social Security, Obamacare, Medicare, Medicaid. What department is failing our children while increasing it's costs and size at all levels? That's right! The unconstitutional Dept of Education!

You're awfully good at this!

 

[M14 Shooter]

You people need to face reality. You're never going to get the budget balanced on the backs of the 'other' guys. It's politically impossible.

For FY2009, if every penny from every person that made >$150k was taken as tax revenue, the deficit would still have been >$636B.

What then?

 

[NYcarbineer]

How about eliminating the unconstitutional usurpation of power via the federal government? How'd that do for ending the deficit?

Almost all of the accumulated debt of the last 30 years can be attributed to increases in defense spending that were not paid for, via taxes, on a pay as you go basis,

and since most conservatives insist that defense spending is constitutional,

your idea, while appealing to the right, does nothing to solve the problem.

The near exponential growth in education costs, social security, medical care and other unconstitutional social spending has nothing to do with this debt does it?

What agencies are already bankrupt to the tune of trillions of dollars in future outlays? Ohhhh that's right. Social Security, Obamacare, Medicare, Medicaid. What department is failing our children while increasing it's costs and size at all levels? That's right! The unconstitutional Dept of Education!

You're awfully good at this!

Social Security is funded by the payroll tax. Social Security, as is, is 100% solvent until 2037 and can pay 75% of benefits thereafter. Where's Social Security's money, you ask? It's invested in U.S. bonds,

money the U.S. borrowed to fund military spending that should have been paid for in taxes.

Reagan's military buildup, the first Iraq war, the second Iraq war, the Afghan war, and now the Libyan war were never paid for.

When will you pay for them? Ever?

 

[NYcarbineer]

You people need to face reality. You're never going to get the budget balanced on the backs of the 'other' guys. It's politically impossible.

For FY2009, if every penny from every person that made >$150k was taken as tax revenue, the deficit would still have been >$636B.

What then?

90% of the 2009 deficits were Bush policies continued.

Bush cut taxes while starting 2 wars. How is that sane? Bush cut taxes when the economy was doing well but we already had deficits ongoing . How is that sane?

 

[M14 Shooter]

You people need to face reality. You're never going to get the budget balanced on the backs of the 'other' guys. It's politically impossible.

For FY2009, if every penny from every person that made >$150k was taken as tax revenue, the deficit would still have been >$636B.
What then?

90% of the 2009 deficits were Bush policies continued.
Bush cut taxes while starting 2 wars. How is that sane? Bush cut taxes when the economy was doing well but we already had deficits ongoing . How is that sane?

Not surprisingly, you didn't answer the question.
Because I enjoy watching you embarass yoruself, I'll ask again:

After you take -all- the income from -everyone- making more than $150K, you still have a >$636B deficit to deal with.

How do you propose to do that?

 

[Toro]

So the Bush income tax cuts had a significant impact on the Treasury.

Show that correlation = causation.

There have been several econometric studies concluding with strong statistical significance that income tax cuts reduce government revenues. The most recent one I know of was by Greg Mankiw, who was the Chair of President Bush's Council of Economic Advisers. Mankiw calculated that for every $1 decrease in federal income taxes, revenues declined by 83 cents.

From a political standpoint, its important to note that neither Bush nor his administration ever made the claim that income tax cuts would pay for themselves as Reagan and members of his administration did. In fact, Cheney once famously said that the lesson of Reagan was that "deficits don't matter."

 

[Ravi]

So the Bush income tax cuts had a significant impact on the Treasury.

Show that correlation = causation.

There have been several econometric studies concluding with strong statistical significance that income tax cuts reduce government revenues. The most recent one I know of was by Greg Mankiw, who was the Chair of President Bush's Council of Economic Advisers. Mankiw calculated that for every $1 decrease in federal income taxes, revenues declined by 83 cents.

From a political standpoint, its important to note that neither Bush nor his administration ever made the claim that income tax cuts would pay for themselves as Reagan and members of his administration did. In fact, Cheney once famously said that the lesson of Reagan was that "deficits don't matter."

The President's tax policies have strengthened the economy, as we knew they would. And despite forecasts to the contrary, the tax cuts have translated into higher federal revenues... t's time to reexamine our assumptions and to consider using more dynamic analysis to measure the true impact of tax cuts on the American economy.
Recognizing this, the President's recently submitted budget would create a new Dynamic Analysis Division within the Treasury Department to analyze major tax proposals. The evidence is in, it's time for everyone to admit that sensible tax cuts increase economic growth, and add to the federal treasury.


(Cheney)WSJ: No one claims "all tax cuts pay for themselves" - Brendan Nyhan

​

 

[Toro]

My mistake.

 

[Flopper]

I heard an Obama mouth piece on TV last night say "the US is cash strapped"

Well now, that is not actually the truth. Saying it that way makes it sound like were just not taking in enough money.

The truth is were taking in more money every year than ever before. By a long shot. The Truth is the BUSH tax cuts caused an increase in revenues to record highs.

It is not that were not taking in enough money, WERE ******* SPENDING TO MUCH!!!

Didn't hear the broadcast, but cash strapped usually means you have a cash flow problem which in itself dose not imply that revenues are too low or costs are too high. Of course we spend more than we collect in taxes. That's been going on for 10 years.

 

[M14 Shooter]

Didn't hear the broadcast, but cash strapped usually means you have a cash flow problem which in itself dose not imply that revenues are too low or costs are too high. Of course we spend more than we collect in taxes. That's been going on for 10 years.

Yes... beccause history began on 1-20-2001.

 

[Gadawg73]

If less folks are working then less revenue is taken in.
NOTHING to do with taxes not being high enough.
They are too high as it is.

 

[Ravi]

My mistake.

Thanks for not being a semantical asshole.

 

[Sheldon]

My mistake.

Thanks for not being a semantical asshole.

Wouldn't that depend on what you mean by asshole?

 

[Big Fitz]

Almost all of the accumulated debt of the last 30 years can be attributed to increases in defense spending that were not paid for, via taxes, on a pay as you go basis,

and since most conservatives insist that defense spending is constitutional,

your idea, while appealing to the right, does nothing to solve the problem.

The near exponential growth in education costs, social security, medical care and other unconstitutional social spending has nothing to do with this debt does it?

What agencies are already bankrupt to the tune of trillions of dollars in future outlays? Ohhhh that's right. Social Security, Obamacare, Medicare, Medicaid. What department is failing our children while increasing it's costs and size at all levels? That's right! The unconstitutional Dept of Education!

You're awfully good at this!

Social Security is funded by the payroll tax. Social Security, as is, is 100% solvent until 2037 and can pay 75% of benefits thereafter. Where's Social Security's money, you ask? It's invested in U.S. bonds,

money the U.S. borrowed to fund military spending that should have been paid for in taxes.

Reagan's military buildup, the first Iraq war, the second Iraq war, the Afghan war, and now the Libyan war were never paid for.

When will you pay for them? Ever?

So now I have to crush you too on this bullshit.

http://www.usmessageboard.com/3444690-post108.html

Social Security goes bankrupt

RealClearMarkets - Not In 25 Years, Social Security Is Bankrupt Now

Trust me, Social Security is bankrupt - BostonHerald.com

Medicare And Social Security Are Going Bankrupt And Obama Isn't Even Trying To Fix Them

American Thinker: Why Social Security Will Go Bankrupt Sooner Than People Think

Social Security Goes Bankrupt - HUMAN EVENTS

There. 6 sources from various sides of the spectrum saying your white house numbers are full of shit and the CBO agrees they are too.

 

[Ravi]

My mistake.

Thanks for not being a semantical asshole.

Wouldn't that depend on what you mean by asshole?

no, YOU

(how will we survive without dcon to laugh at?)