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Thread: Debt Crisis is Worse than we Think

  1. #111
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by cpwill View Post
    you are sort of correct - Democrats picked up the Senate and then after 2006 they had both chambers.


    but certainly I agree neither party can be trusted. that, after all, is why we need a balanced budget amendment
    BBA's are ineffective. The govt can still issue bonds (a form of debt) that is not on the budget.

    There's only one way to stop politicians from spending too much; elect politicians who won't do that.

    But they always do, regardless of party, and regardless of what they say.

    IMO, it's a fools errand to try to stop it. The best we can hope for is to limit the spending to that which we can afford by growing the economy, which requires spending
    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..

  2. #112
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Cole View Post
    In the last 50 years how often has the GOP controlled both houses and the presidency?


    Answer is 4 years. The economic mess that the country is currently in didn't happen all at once. Your partisanship seems to have you blinded. Both parties get/deserve their share of credit for the fiscal debacle we are experiencing.





    .
    I agree that both parties share some responsibility, but I do hold the republicans responsible for more spending than the dems for several reasons

    1) The dems don't campaign on cutting spending as an ideological matter. Sometimes they advocate for more spending, sometimes for less, depending on the economic situation

    2) The dems don't campaign for a small govt

    3) The dems haven't increased spending when they were in control the way republicans have

    4) The republicans only complain about spending when there's a dem in the white house

    5) Most of the debt was accumulated under republican presidents with the republican base remaining quiet about it
    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..

  3. #113
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    Re: Debt Crisis is Worse than we Think

    I also found this

    Distribution of Effective Individual Income Tax Rate, 2010, Baseline: Current Law with AMT Patch

    This is after stimulus and is more detailed. I find it interesting.

  4. #114
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    I agree that both parties share some responsibility, but I do hold the republicans responsible for more spending than the dems for several reasons

    1) The dems don't campaign on cutting spending as an ideological matter. Sometimes they advocate for more spending, sometimes for less, depending on the economic situation

    2) The dems don't campaign for a small govt

    3) The dems haven't increased spending when they were in control the way republicans have

    4) The republicans only complain about spending when there's a dem in the white house

    5) Most of the debt was accumulated under republican presidents with the republican base remaining quiet about it
    1. So in other words, you damn well know democrats spend too much, but because they don't campaign not to do so, it's not their fault? Are you serious or is this entire post a joke?

    2. Just a rehash of number 1.

    3. Bull, take a look at the debt per day of the past 3 presidents and come back to me on this one.

    4. The republican platform is about small gov't and freedom. They have always stuck to this. No matter who is in office.

    5. Uh, wanna check out when the tea party was originally formed?

    Damn, I'd given you credit for having at least an ounce of knowledge about history. Now I think you dropped out of that class before they took roll the first day.

  5. #115
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by dontworrybehappy View Post
    1. So in other words, you damn well know democrats spend too much, but because they don't campaign not to do so, it's not their fault? Are you serious or is this entire post a joke?

    2. Just a rehash of number 1.

    3. Bull, take a look at the debt per day of the past 3 presidents and come back to me on this one.

    4. The republican platform is about small gov't and freedom. They have always stuck to this. No matter who is in office.

    5. Uh, wanna check out when the tea party was originally formed?

    Damn, I'd given you credit for having at least an ounce of knowledge about history. Now I think you dropped out of that class before they took roll the first day.
    Not what I said at all

    1) I hold the dems responsible for the share of debt that they created.

    2) Not exactly the same, but related.

    3) I have. My position is unchanged

    4) repubs have expanded the size and the role of govt. Can you say Medicare D and the PATRIOT Act?

    5) I know when the teabaggers started...when bush* was almost out of office and it was clear that a dem would be winning the white house
    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..

  6. #116
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by dontworrybehappy View Post
    4. The republican platform is about small gov't and freedom. They have always stuck to this. No matter who is in office.
    Really? Free speech zones, Homeland security (bloated government), Patriot Act, Medicare D, flag burning amendment that have tried and failed to pass (Republican sponsered), amendment against gay marriage that failed to pass (Republican sponsered).

    Oh you meant freedoms REPUBLICANS support only. small govenerment and freedom my ass. And that was just when Bush was president. Republicans can lie and say they are for freedoms and small government, however, they are the ones that like to expand government and use it against freedoms they don't agree with.

    And before someone says that I am giving a free pass to Dems, I'm not they do it as well with other issues.

    It's really sad that politics today has come to this and has caused the problems it has. Politicians used to be public servants a long time ago, now they expect the public to be their servants.
    Last edited by TheNextEra; 07-31-11 at 04:06 PM.

  7. #117
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by TheNextEra View Post
    Really? Free speech zones, Homeland security (bloated government), flag burning amendment that have tried and failed to pass (Republican sponsered), amendment against gay marriage that failed to pass (Republican sponsered).

    Oh you meant freedoms REPUBLICANS support only. small govenerment and freedom my ass. And that was just when Bush was president. Republicans can lie and say they are for freedoms and small government, however, they are the ones that like to expand government and use it against freedoms they don't agree with.

    And before someone says that I am giving a free pass to Dems, I'm not they do it as well with other issues.

    It's really sad that politics today has come to this and has caused the problems it has. Politicians used to be public servants a long time ago, now they expect the public to be their servants.
    I don't know why, when the evidence is so weighed against it, but they really believe that the repubs say what they mean, and mean what they say
    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..

  8. #118
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    And yet, when the repubicans controlled the house, the senate AND the white house, they spent like mad, and increased deficits and doubled the national debt.
    Not this myth again.

    Spending per GDP.jpg

    Looking back the past 40 years:
    • Spending was at its lowest when Republicans had complete control.
    • Spending was at its highest when Democrats had complete control.
    • Spending was also quite high in the Reagan/Tip O'Neill years
    • Spending was moderate by comparison when Congress was controlled by the opposing party


    If you instead want to go the "House control the purse-strings" route, you'll also find a large difference between the parties:
    Democratic House: 21.0%
    Republican House: 19.2%

  9. #119
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Taylor View Post
    Not this myth again.

    Spending per GDP.jpg

    Looking back the past 40 years:
    • Spending was at its lowest when Republicans had complete control.
    • Spending was at its highest when Democrats had complete control.
    • Spending was also quite high in the Reagan/Tip O'Neill years
    • Spending was moderate by comparison when Congress was controlled by the opposing party


    If you instead want to go the "House control the purse-strings" route, you'll also find a large difference between the parties:
    Democratic House: 21.0%
    Republican House: 19.2%
    That chart is nonsense. It doesn't indicate what years, and it doesn't indicate any split congresses where one party holds one half of congress, and the other party the other. It's a mess

    And the Y axis isn't even labelled. Yeesh, what a mess
    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..

  10. #120
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    Re: Debt Crisis is Worse than we Think

    Its not just spending its tax cuts without cutting spending. That chart is not a practical view of our economic situation. Spending is one half of the budget. Sometimes spending is a good thing.

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