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Thread: Obama: No Deal Without Tax Hikes

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by pbrauer View Post
    Obama hasn't put spending steroids, that's a fallacious argument, however Bush 43 did put spending on steroids - big time. Bush's last budget was 2009, not 2008 as you keep saying. The reason tax revenues went up after Reagan's tax adjustments was inflation that started in earnest during Ford's administration got worse during Carter's and partially through Reagan's administration. Wages were so low by comparison they had to be raised by the nation's employers. Higher wages mean more tax revenue for the government. Reagan gave the biggest tax breaks to the wealthy - the top marginal rate was lowered from 70% to 50%.

    The only spending problem we have is around the military industrial complex.
    Get someone to read the line item budget I posted. here is the 2008 budget. I pulled out the 2009 budget because it included TARP and some of the stimulus along with other Obama supplementals

    Defense 696.1 616.1
    International Affairs 45.2 28.9
    Gen. Science, Space 30.9 27.8
    Energy 11.5 ..5
    Natural resources/env 41.6 31.9
    Agriculture 23.2 18.4
    Commerce 30.1 27.7
    Transportation 92.5 77.6
    Community Dev 24.5 23.9
    Education/Train/Social 125.1 90.9
    Health 369.0 280.7
    Medicare 451.6 390.8
    Income Security 624.0 427.4
    Social Security 706.7 617.0
    Veterans Benefits 108.4 84.6
    Justice 55.2 47.1
    General Govt. 18.1 20.3
    Net Interest 196.9 252.8


    Total 3650.6 3063.9


    Are you ever going to respond to the tough questions asked of you? Doubt it so carry on with posting misinformation and false information

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by haymarket View Post
    from Conservative

    Really!!!!!!!!!!!

    The full faith and credit of the United States of America means nothing to you?

    The treasury notes held mean nothing to you?

    What kind of American patriot are you anyways?
    Huh? Being irresponsible is now patriotic? Pshaw!

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Conservative View Post
    Isn't that what I said, fiscal year 2009 which began on October. 1, 2008? Bush spent 350 billion of it by December and left 350 billion for Obama to spend. Most of what was released was paid back in 2009 so where did that go?

    Not sure what you want me to try over again, that is what I said, fiscal year 2009 is when TARP was spent.
    My apologies...

    It's just that at first-read, the way you worded your statement made it seem as if you were trying to say that TARP was enacted under Obama (again). Next time, I'll try to read slower, deal?

    As to your question, "Where did all the repaid TARP money go?" Treasury, I suppose, to get redistrubted elsewhere. Where exactly, I don't know. You'd have to ask Geithner, Bernanke or Congress about that.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by ReverendHellh0und View Post
    Bush was at fault for Taarp 1, obama was at fault for all that came after. This isn't really hard.




    Hey, when does it become Obama's fault for not fixing this mess?
    No, Obama wasn't the one who ran up the debt. Obama just has to pay the interest on the republican debt.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Conservative View Post
    Isn't that what I said, fiscal year 2009 which began on October. 1, 2008? Bush spent 350 billion of it by December and left 350 billion for Obama to spend. Most of what was released was paid back in 2009 so where did that go?




    Not sure what you want me to try over again, that is what I said, fiscal year 2009 is when TARP was spent.
    Paid back or not, it was still included in your #'s. And TARP included spending in FY2010
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Objective Voice View Post
    My apologies...

    It's just that at first-read, the way you worded your statement made it seem as if you were trying to say that TARP was enacted under Obama (again). Next time, I'll try to read slower, deal?

    As to your question, "Where did all the repaid TARP money go? Treasury to get redistrubted elsewhere? Where exactly, I don't know. You'd have to ask Geithner, Bernanke or Congress about that.
    No problem, thanks for the apology. The point I was making with regard to the repayment of TARP is that it should have gone back to reducing the deficit but didn't. You are right, it was redistributed elsewhere showing that obama has an addiction to spending.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    Why should I pay for your police? For you fire department? C'mon Con....why should I pay for your libraries or your parks?
    You don't pay for mine. You pay for yours.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    You have to love these guys.....Obama is responsible for all of Bush's failures.
    Clinton is responsible for the worst attack on our country that occurred on Bush's watch....oh...and Bush deserves credit for capturing and killing Osama Bin Laden despite the fact that he didn't really spend any time thinking about him or going after him.

    Its all gamemanship to the wingers.
    It's all about winning for them. Like this guy

    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Swizz View Post
    I'm not reading every article you throw at me.
    your loss, more power to you

    Are you arguing that I'm not correct?
    no, cuomo is

    except he's not so much arguing as acting

    and rahm the ram, governor omalley, governor malloy, governor moonbeam, the state assemblies in springfield and boston and trenton, the emergency managers of detroit...

    everyone's cutting, no one's taxing

    maybe you could write em a letter

    since you don't want to read

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    Re: Obama: No Deal Without Tax Hikes

    The only two massive spending measure that can be directly attributed to Pres. Obama would be the Stimulus and unemployment insurance extension (and the extension of the Bush tax cuts, if we can all agree that tax cuts in a recession cost the Treasury money because they aren't paid for when running deficits).

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