Stu Varney of Fox News Upset About Interest On The National Debt

[Full-Auto]

President dont spend money.

Congress does.

Learn about politics before you try to debate politics.

No shit? You mean the president is forced to sign what congress sends him?

WOW!!

Unfortunately the do nothing dems haven't swent him anything to sign except Obamacare.... even Reid has declared Obama's budget "dead on arrival".

Again? I havent heard.

 

[CrusaderFrank]

Progressives passed the 1974 Budget Impoundment Act and neutered the Presidents ability to control the purse strings, it must be repealed

 

[Cammmpbell]

Umm the debt was under 1 trillion when Reagan was president and the debt pretty much doubled under Reagans rule.
And how many times was the debt ceiling raised then?
18 times for those with selective memories.
And yet those same ones consider him a great president?

Well then....that must mean there is nothing to worry about...It was done 25 years ago and it should continue to be done. Why not? We are a nation that sees things OK as long as another party did it in the past.

10 billionb a week in interest is nothing....becuase 25 years ago Reagan was President.

Pathetic thinking.

Reagan took over a debt of about $1 trillion and he and Bush's daddy quadrupled it. The idea of cutting taxes for the wealthy and borrowing from foreign banks to cover the shortfall had never been done before. Then that goddamned Dick Cheney had the balls to say the debt didn't matter....Reagan proved it. All he proved was that funneling borrowed money into the hands of the wealthy through tax cuts is idiotic! Then Bush43 proved he could do the same thing, cut taxes twice, began to borrow from Communist Chinese banks for the first time in our history and doubled the debt from $5.7 trillion to nearly $12 trillion. The Republicans have never cut spending a goddam dime and all you can hear them harp about is lower taxes. At least the Democrats tax enough to pay their way.

They would be right now if the administration could get anything past Grover Norquist and that bunch of nagging asshole Republicans.

 

[zeke]

Now they hold up an ignorant stupid comment he made and say look Dick Cheney said it so it must be true! Debt and Deficits don't matter, Greece just has other problems!

And that dick sheney is an idiot just became news to Repubs in the last what...... 10 minutes or so.

Till that time he was a prophet to the right wing.

 

[zeke]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

 

[Cammmpbell]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

Revolt seems to be the world wide fad these days. Do you suppose this kind of shit might provoke one:

 

[CaughtInTheMid]

We weren't talking about disagreeing with policies, we were talking about the deficit hawks that didn't come pouring out of the woodwork until President Obama got in office. They never once said a peep on Fox "news" about Bush's spending or EVER mention Reagan's spending. Nope, it's only Obama's spending that have their panties in a wad. Funny that...

i've said for decades that until each party learns to police itself, fiscally, we're doomed. the last two presidencies are the perfect example of "do as i say and not as i do".

idiots.

President dont spend money.

Congress does.

Learn about politics before you try to debate politics.

i guess when someone speaks the truth about both parties not policing themselves, fiscally, the partisans have to nit pick posts to feel better about themselves. bravo.

 

[Skull Pilot]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

 

[Cammmpbell]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

 

[Stephanie]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

Can you people come up into the HERE AND NOW?

 

[Cammmpbell]

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

Can you people come up into the HERE AND NOW?

This was the here and now. The first year Obama was president he had to pour $450,000,000,000 of interest to pay on the existing debt. You didn't think the foreign banks were lending all that money interest free did you

Actually read this. Every figure is accurate and can be verified. Tax cuts, Trickle Down and VooDoo Economics have never worked.

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[Skull Pilot]

Greece has people rioting in the streets BECAUSE of the exact same course of action proposed by the Repubs. And that course of action is cut cut cut cut cut.

Think we will have riots in the streets if Repubs get their way?

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

When Reagan was president I was in high school and didn't really give a shit about politics.

I never voted for either Bush but you forget that Congress is just as much to blame as any president after all they hold the purse strings.

And btw you got a tax cut from Bush as well let's not forget that.

 

[mudwhistle]

The debt only matters to the right when a Dem is in the White HOuse.

sheeple are eager to be used.

Seeing as how the debt is twice what it was when he said it....it's starting to matter.

 

[Cammmpbell]

If we don't stop the trajectory of spending, deficits and debt we will end up just like Greece.

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

When Reagan was president I was in high school and didn't really give a shit about politics.

I never voted for either Bush but you forget that Congress is just as much to blame as any president after all they hold the purse strings.

And btw you got a tax cut from Bush as well let's not forget that.

Reagan got less than he asked for seven of his eight years. It's the tax cuts. Reagan cut taxes for the wealthy and then he and Bush41 proceeded to quadruple the national debt.

Clinton raised tax rates in 1993 and 1994 and proceeded to not only balance the annual budget but generated about $450 billion of surplus.

George W. Bush cut taxes twice, 2001 and 2003, used reconciliation to block Democratic opposition then proceeded to double the national debt again. They never cut a dime of spending. You can't cut taxes and continue to spend without taking on new debt. It's illogical to think you can.

 

[Skull Pilot]

Where were you when Reagan and the Bushes were cutting taxes for the rich and borrowing from foreign banks to fund it....that's when the debt went to hell in a handbasket.

When Reagan was president I was in high school and didn't really give a shit about politics.

I never voted for either Bush but you forget that Congress is just as much to blame as any president after all they hold the purse strings.

And btw you got a tax cut from Bush as well let's not forget that.

Reagan got less than he asked for seven of his eight years. It's the tax cuts. Reagan cut taxes for the wealthy and then he and Bush41 proceeded to quadruple the national debt.

Clinton raised tax rates in 1993 and 1994 and proceeded to not only balance the annual budget but generated about $450 billion of surplus.

George W. Bush cut taxes twice, 2001 and 2003, used reconciliation to block Democratic opposition then proceeded to double the national debt again. They never cut a dime of spending. You can't cut taxes and continue to spend without taking on new debt. It's illogical to think you can.

You say it was the tax cuts, I say it was the spending.

after all we spent exponentially more money than was lost in revenue by letting people keep more of their own money.

and you kept more of your own money too so stop trying to pretend you didn't.

But hey if you want to go back to the good old days of Clinton then you must want to pay higher taxes as well because in Willie's day a person making 22K- 53K was in the 28% bracket.

 

[editec]

US debt isn't the horrifying problem the GOP wants us to think it is.

What is a seriously problem is the fact that the growth of the GDP is so sluggish.

National debt/Gross domestic product is the real key to understanding the debt.

Well that and tax revenues, of course.

But as the GOP is responsible for the decrease in tax revenues that is causing the rise in national debt, that increasing ratio of debt to grosss national product is pretty much their responsibility, too.







.

 

[Skull Pilot]

US debt isn't the horrifying problem the GOP wants us to think it is.

What is a seriously problem is the fact that the growth of the GDP is so sluggish.

National debt/Gross domestic product is the real key to understanding the debt.

Well that and tax revenues, of course.

But as the GOP is responsible for the decrease in tax revenues that is causing the rise in national debt, that increasing ratio of debt to grosss national product is pretty much their responsibility, too.







.

We spent way more than was lost in revenue. To say that the entire debt is because of a revenue decrease is disingenuous.

 

[Cammmpbell]

When Reagan was president I was in high school and didn't really give a shit about politics.

I never voted for either Bush but you forget that Congress is just as much to blame as any president after all they hold the purse strings.

And btw you got a tax cut from Bush as well let's not forget that.

Reagan got less than he asked for seven of his eight years. It's the tax cuts. Reagan cut taxes for the wealthy and then he and Bush41 proceeded to quadruple the national debt.

Clinton raised tax rates in 1993 and 1994 and proceeded to not only balance the annual budget but generated about $450 billion of surplus.

George W. Bush cut taxes twice, 2001 and 2003, used reconciliation to block Democratic opposition then proceeded to double the national debt again. They never cut a dime of spending. You can't cut taxes and continue to spend without taking on new debt. It's illogical to think you can.

You say it was the tax cuts, I say it was the spending.

after all we spent exponentially more money than was lost in revenue by letting people keep more of their own money.

and you kept more of your own money too so stop trying to pretend you didn't.

But hey if you want to go back to the good old days of Clinton then you must want to pay higher taxes as well because in Willie's day a person making 22K- 53K was in the 28% bracket.

You're either ignorant or very naive. Right now the tax rates are at the lowest they've been in forty years....thanks to George W. Bush. The Republicans via Grover Norquist have pledged to allow no tax increases. I repeat.........that shit won't work. When we were paying for the massive debt following the 2nd world war all the way through the 1950's anyone who earned more than $300,000 per year paid 91% of the excess in federal taxes. The modern Republican talks about entitlements when they believe themselves to be entitled to all the freedom bought for this great republic and paid for in blood and the richest bastards among us send their elite offspring to an ivy league school while the children of what used to be the middle class go to some shithole 10,000 miles away and fight their wars of choice. The whole thing sucks these days. There will be a reckoning.

 

[Skull Pilot]

Reagan got less than he asked for seven of his eight years. It's the tax cuts. Reagan cut taxes for the wealthy and then he and Bush41 proceeded to quadruple the national debt.

Clinton raised tax rates in 1993 and 1994 and proceeded to not only balance the annual budget but generated about $450 billion of surplus.

George W. Bush cut taxes twice, 2001 and 2003, used reconciliation to block Democratic opposition then proceeded to double the national debt again. They never cut a dime of spending. You can't cut taxes and continue to spend without taking on new debt. It's illogical to think you can.

You say it was the tax cuts, I say it was the spending.

after all we spent exponentially more money than was lost in revenue by letting people keep more of their own money.

and you kept more of your own money too so stop trying to pretend you didn't.

But hey if you want to go back to the good old days of Clinton then you must want to pay higher taxes as well because in Willie's day a person making 22K- 53K was in the 28% bracket.

You're either ignorant or very naive. Right now the tax rates are at the lowest they've been in forty years....thanks to George W. Bush. The Republicans via Grover Norquist have pledged to allow no tax increases. I repeat.........that shit won't work. When we were paying for the massive debt following the 2nd world war all the way through the 1950's anyone who earned more than $300,000 per year paid 91%

And in 1945 the poorest workers were in the 23% bracket. Now they are in the 10% bracket.

In 1945 if you made 20K you were in the 60% bracket.

As I said you and the middle class are paying low rates.

But hey if you want to live in the past I'm sure you'd be happy as a pig in shit to be in the 60% bracket.

of the excess in federal taxes

.

There is no such thing as excess income.

The modern Republican talks about entitlements when they believe themselves to be entitled to all the freedom bought for this great republic and paid for in blood and the richest bastards among us send their elite offspring to an ivy league school while the children of what used to be the middle class go to some shithole 10,000 miles away and fight their wars of choice. The whole thing sucks these days. There will be a reckoning.

Last time I checked the military was voluntary so no one is sent anywhere against their will.

And yes when people spend more than they make there is always a reckoning.