US national debt

moreluck

golden ticket member
Obama said today......"There will be time for political campaigning...."

Please, he's been in campaign mode since Giffords was shot.

Now all at once he wants to focus on budget stuff. Focus is a good word re: Obama....he had focced all of us!
 

bbsam

Moderator
Staff member
Negative on the surplus. It was projected to exist, but in fact never did. Its that fuzzy government math your falling for just like most libs. Just remember that the surplus was just as much as a myth as Zeus was.
Oooops! Your "facts" seem to keep getting bitch-slapped around here lately. Thanks, Jones.
 

moreluck

golden ticket member
Instead of focusing on a deal, Scary Harry is already looking to see which bill should get paid first.........jumpin' the gun a bit!!
 

brett636

Well-Known Member

Thanks moreluck, and I will add this to it as well

click!

Jones, using the governments own fuzzy math to come up with its own fuzzy results is akin to using Enron's own accounting books to prove that it was not in any financial distress. I'm sorry to say, but your interjection into this debate has been an utter failure, and I stand by my original statement.
 

av8torntn

Well-Known Member
Thanks moreluck, and I will add this to it as well

click!

Jones, using the governments own fuzzy math to come up with its own fuzzy results is akin to using Enron's own accounting books to prove that it was not in any financial distress. I'm sorry to say, but your interjection into this debate has been an utter failure, and I stand by my original statement.

I always found it amusing that even though the national debt kept going up Clintonites kept claiming there was a surplus. In fact the national debt has gone up over 50 years in a row. If there were a surplus there would have been no need to borrow more money. The only truth here is that "fact"check.org is a very biased site that the leftists love to use.

What is even more horrifying is that our government claims we now have 14 trillion in debt. The actual number is much higher as this does not include the trillions(6-9) in debt that has been backed by Congress over the years (freddie, fannie, and sallie types). If you then add in "unfunded liabilities" that could be as much as another 100 trillion.
 

bbsam

Moderator
Staff member
So the CBO is a leftist organization, factcheck is in cahoots with them and the ENC and anyone who disagrees with you is hates america all because rush and Murdoch told you so? Because they wouldn't have their own agenda, now would they?
 

moreluck

golden ticket member
Apparently Boehner isn't negotiating now.....the pres. went crying to the press about how willing he was for a big deal to happen. Of course, it included tax hikes and Boehner has said from the start, tax hikes weren't on the table.

All I heard from Odrama was I was, I did , I went, I was willing to...........etc.

The first question of the press conf. was from a lady reporter.....simple question....."will the SS checks go out on Aug 3rd??" He never frickin' answered the question, but he talked for 20 mins !! He implied that if there was a problem, the Republicans would have to answer to the seniors of America and then immediately after that said that he wasn't into blaming anyone. He's a snake oil salesman! He lies and tries to use scare tactics. Whimp!
 

brett636

Well-Known Member
bbsam:859763 said:
So the CBO is a leftist organization, factcheck is in cahoots with them and the ENC and anyone who disagrees with you is hates america all because rush and Murdoch told you so? Because they wouldn't have their own agenda, now would they?

The CBO is a government organization, and while it in itself is supposed to be non partisan politicians wrote the rules the CBO has to go by and they know how to twist them to their liking. This is why the CBO is usually way off in its estimates on how much a new piece of legislation will cost or how much tax revenue a tax increase will bring in. It's no difference with the surplus. It never existed. End of story.
 

moreluck

golden ticket member
The CBO only gets the figures it is given to work through. If all the figures aren't given, then their results are messed up. Which is why Obamacare is going to cost tons more than what the Liar said. Junk in, junk out.

Obama just wants this big deal done so he can use it in his campaign speeches. "Look at me, I saved us all !" He talked at the press conf. about a big deal.....he has no plan, only talking points. He has nothing in writing about how he will reduce the deficit. He's a phony.
 

Jones

fILE A GRIEVE!
Staff member

A budget surplus occurs when the government's income exceeds it's spending over a given period of time, it's really that simple and there is no (rational) argument that this didn't happen under Clinton. Mr Steiner makes his case by essentially making up his own definition of what constitutes a surplus (basically he ties it to the debt level) and then saying that the Clinton surplus doesn't meet his own (made up) definition. That's fine for Mr Steiner because he's not a budget analyst and doesn't rely on getting paid for such faulty reasoning, otherwise he would go hungry most nights. You don't have to read too much on his site to realize that if the exact same surplus had occurred under Bush his "analysis" would reach the exact opposite conclusion than it did with the Clinton surplus.
 

DS

Fenderbender
There are several things wrong with this. First taxes on just those items would not be enough to fix this problem. I also have an ideological opposition to my government telling me what is and is not bad for me. It starts with cigarettes and alcohol and moves onto potato chips and fast food. Soon enough you have the government with the power to determine what consumables In this country will make it to the marketplace and which ones will not. I don't want my government to have that kind of power. Not to say we don't already tax those items, just not to the extent you do in Canada.

The problem is not a tax problem. It's not that our government takes in too few tax dollars its that our government spends too much. It doesn't matter how much you raise taxes our politicians will jump at the chance to use that extra revenue to buy themselves votes. We need our constitution amended so that no matter who is in charge our government cannot spend more than it recieves. It's been proven in these modern times that our politicians are equivalent to children when it comes to money and the only way to control them is to limit the amount of money they can spend.

brett636,I feel I have to respond.I realize that this extra tax revenue would not be enough.
A also question the importance of what your ideological ideas are,considering the facts are in regarding alcohol and tobacco.
Our government is far from perfect,but I think adding fast food,pop,chips to the list of unnecessary consumables to the tax list,
is a profitable way to make money,and our government has nothing to do with what is sold in the marketplace.
I also know the mess you are in was not caused by overtaxing.
I also think that as a person with the right to vote,all the talk of children and politicians is a moot point.
The biggest hurdle you have to overcome in my eyes is that these small increases would not affect you
or your lifestyle,but at the same time would add millions,and possibly billions over time to the coffers.
I feel a brotherhood with America,although most Americans don't know or care where or what Canada is.
I have respect and admiration for it's accomplishments,and offer my simple opinions with a sincere desire
to help.
 

moreluck

golden ticket member
Why isn't anyone putting an end to this whacko spending.......it's a spending problem, not a revenue problem. The gov't just writes checks for this crap. When Obama was first elected, he appointed someone as a Czar to ferret out this bogus spending & fraud. Whatever happened to that guy? What has he found out? Is he still paid?

Even stimulus money was sent to prisoners and to dead people.

Stop spending money to keep a shrimp on a treadmill.

$25 billion spent and not accounted for.

White House concluded that at least $90 billion was being burned on the altar of “programs that were deemed either ineffective, marginally adequate, or operating under a flawed purpose or design.”

$100 million in unused flight tickets.

Medicare Buys Shoes For Amputees & Walkers For Paraplegics

Earned Income Tax Credit Overpayments

Redundancy Piled on Redundancy

Why isn't someone stopping this stuff??????????????????
 

av8torntn

Well-Known Member
A budget surplus occurs when the government's income exceeds it's spending over a given period of time, it's really that simple and there is no (rational) argument that this didn't happen under Clinton. Mr Steiner makes his case by essentially making up his own definition of what constitutes a surplus (basically he ties it to the debt level) and then saying that the Clinton surplus doesn't meet his own (made up) definition. That's fine for Mr Steiner because he's not a budget analyst and doesn't rely on getting paid for such faulty reasoning, otherwise he would go hungry most nights. You don't have to read too much on his site to realize that if the exact same surplus had occurred under Bush his "analysis" would reach the exact opposite conclusion than it did with the Clinton surplus.


You do realize that the CBO also projected that the Bush budgets would have a surplus somewhere in the neighborhood of 170 billion dollars?
 

wkmac

Well-Known Member
I considered wearing a thong for about a moment. I admit it would accentuate my already gorgeous behind, but then I saw our OMS' thong peeking out as she bent over for something. Yuck! It looked like she was flossing her! My thoughts went downhill from there. Forever ruined any chances of seeing my beautiful butt in one of them!

Now wait a minute, we're all friends here and what good are friends if we can't offer advice and opinion. And not that this crowd is lacking in either one! :happy-very:

OK menotyou, here's what you do, put on the thong, take a pic and post it here and after we've looked at it, we'll let you know just how gorgeous that behind of your's really is!

You do trust us don't you?

Besides, I've got a 50/50 chance of causing bbsam to have a "sticky keys problem" on his computer keyboard and that alone would be worth the laugh and not that we would not enjoy looking at your bodacious badonkadonk either!

Come to think of it, why not put a tax of 1 cent a view on free internet porn and I'd bet in a years time the entire public and private debt of the entire world would be paid off!
:happy-very:

DS,

The junk food might seem a good idea but the problem is that gov't helped create the junk food industry to begin with. Farm subsidies, drugs, american job loss, violence and even mexican illegals are all inter-connected if you are willing to connect the dots.

The only way to save the whole system is to somehow re-inflate the bubble and all the extreme spending by Uncle Sam is towards those ends but it's not working and won't. The only way out is a process of debt repudiation and it's not the first time America has gone to the rodeo .

I do agree if people want to keep the status quo, spending cuts only won't do it. Most people, even the ones here calling for cuts won't tolerate extreme cuts across the board so some measure of tax increase or most likely a reduction in tax deductions and other loopholes (an increase if you will) will be necessary to keep the ship of state afloat. I say let it sink but then I'm an extreme minority of one even here so there you go!

:wink2:

When they told us in 2008' that the economy was on the verge of collapse, both repubicans and democrats in kneejerk reaction and little thought upped the debt limit, borrowed huge sums of money and did whatever was asked and didn't bat an eye. Completely bi-partisan, no one questioned it for the most part. Now we're told the worst will happen, 2012' nightmare a year early and there's no bi-partisanship, so little concern to act to save the ship of state from so-called doomsday.

Makes you wonder if there really is a doomsday scenario when you think of it all like that!

:surprised:

Bernays and Lippmann again?
 
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