Spending

[dellinger63]

Originally Posted by Riot

Sorry, Dell. You can keep attacking the messenger, (which I find funny, as you can't attack the data), but the fact remains that the chart and the figures within it, originally published on the website with multiple verifiable references as to where the numbers came from, if you'd bother to check - clearly show the majority of our deficit is from the unfunded Bush Tax Cuts, and the unfunded wars.

What references, exactly, on the CBPP website that went into the chart do you think are not accurate?

Obama "mega budgets" - have you missed what happened this week? We just finished the current budget? What "mega budgets" do you think have been "put through"? (as we are far behind on budgets)
.

Bush's budget in his last year, 2008 was 2.982 Trillion (800 Billion for the wars.)

Obama's first year budget 2009 was 3.517 trillion and 2010 3.37 trillion so that's roughly 800 billion MORE over 2 years w/o the Iraq war and now we're going to cut 35 billion? LMAO. Add those budgets to the graph and project to 2016.

[Riot]

Originally Posted by dellinger63

Bush's budget in his last year, 2008 was 2.982 Trillion (800 Billion for the wars.)

A budget is not a deficit. A budget is what you spend every year. A deficit is what you owe, in total. They are not the same thing.

[timmgirvan]

Originally Posted by Riot

A budget is not a deficit. A budget is what you spend every year. A deficit is what you owe, in total. They are not the same thing.

Nobody, except the Govt., makes a budget that includes a deficit!

[Antitrust32]

Originally Posted by timmgirvan

Nobody, except the Govt., makes a budget that includes a deficit!

[joeydb]

Originally Posted by timmgirvan

Nobody, except the Govt., makes a budget that includes a deficit!

To quote Charlie Sheen: "WINNING"

[Riot]

Originally Posted by timmgirvan

Nobody, except the Govt., makes a budget that includes a deficit!

Except people who have mortgages, car payments, and credit card debt.

And just remember the Republican way to deal with your debt: when that mortgage balloon payment comes due, be sure to deal with it by cutting your income by working less hours, and spend less on food to cover the cost of your "budget deficit". You can fix your budget deficit by spending cuts and income giveaways! Slash your way to prosperity.

[timmgirvan]

Originally Posted by Riot

Except people who have mortgages, car payments, and credit card debt.

And just remember the Republican way to deal with your debt: when that mortgage balloon payment comes due, be sure to deal with it by cutting your income by working less hours, and spend less on food to cover the cost of your "budget deficit". You can fix your budget deficit by spending cuts and income giveaways! Slash your way to prosperity.

"less is more" Riot!

[joeydb]

Originally Posted by Riot

Except people who have mortgages, car payments, and credit card debt.

And just remember the Republican way to deal with your debt: when that mortgage balloon payment comes due, be sure to deal with it by cutting your income by working less hours, and spend less on food to cover the cost of your "budget deficit". You can fix your budget deficit by spending cuts and income giveaways! Slash your way to prosperity.

Your use of "income giveaways" is bass ackwards. It's the citizens who earn income and the government that leeches, not the other way around.

Tax cuts are not income giveaways.

[Antitrust32]

Originally Posted by joeydb

Your use of "income giveaways" is bass ackwards. It's the citizens who earn income and the government that leeches, not the other way around.

Tax cuts are not income giveaways.

exactly

[Riot]

Originally Posted by joeydb

Your use of "income giveaways" is bass ackwards. .

No, it's not. It is precisely correct. In accordance with our Constitution, we all contribute financially to our common good, we budget for it, obtained from taxes. That is our - America's - income. And you agree to that by being an American citizen. You pay taxes. It's part of your responsibility as an American.

Giving our countries income away, then screaming "Alas, how did we get poor?! We must cut spending", is ignorant of the totality of what got us here. Our countries income has crashed since 2000, down more than 10%, when we as a country have grown in population - thus we should be rolling in money, with less taxes being paid by all.

We are not. Ask yourself why.

And don't attribute it only to Bush's unfunded wars and unfunded Medicare giveaway. It was his unfunded tax cuts, too. In fact, that is the majority of what makes up our deficit. You can't spend what you don't have - so having a budget planned over years, but then giving the money away, so you have less money to both meet your budget and continue paying off the deficit, was unbelievably stupid. Where was all the public screaming about our deficit in the last 12 years, as it spiraled up out of control into trillion-land? As more corporate loopholes were placed into being, so this past year the top corporations in this country paid no income tax (and some even got billions back in credits) And that put us exactly where we are now.

If you are living on $100 a week to make your expenses, you don't cut your income to $70 a week then start bitching about spending as the cause of your troubles.

Once again: Clinton left us with a budget surplus and a rapidly decreasing deficit. Let's see what has made our deficit massive:



And tell me again, how well income giveaways - Bush giving away our income in the form of tax cuts to corporations and wealthy individuals - helped prevent our getting to this disastrous point in our countries financial existence? How great Reaganomics, "trickle down", has worked in the past? It's a proven bunch of hooey that has not worked.

And yet, unbelievably R- Paul Ryan wants to lower taxes for the wealthy from 35% to 25% in this next budget. How DARE he. The CBO has scored the Republican Ryan budget as adding trillions - trillions - to our debt over 10 years.

[Danzig]

http://www.slate.com/id/2291054/


an interesting article..have no idea if it's accurate or not.

[dellinger63]

Originally Posted by Riot

No, it's not. It is precisely correct. In accordance with our Constitution, we all contribute financially to our common good, we budget for it, obtained from taxes. That is our - America's - income. And you agree to that by being an American citizen. You pay taxes. It's part of your responsibility as an American..

That would be ideal, unfortunately fewer than 10% of 'we' pay for 90% of collected taxes. So 'we' actually 'all' don't contribute financially to our common good do 'we'?

[Danzig]

my total debt, mortgage, car, etc, doesn't add up to above a years salary for me and my husband. now, that's budgeting....ah, if only the govt could do the same. oh, and zero credit cards! i highly recommend it.

alexander hamilton knew how to make your debt work for you. no doubt he's turning in his grave.