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Thread: Breaking: Agreement has been reached on raising the debt limit....

  1. #191
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    Re: Breaking: Agreement has been reached on raising the debt limit....

    Quote Originally Posted by dontworrybehappy View Post
    I seriously hope that the next time the debt ceiling increase comes up they actually make real cuts and do not raise the debt ceiling.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    I already gave you the debt service, cost of military, cost of SS/Medicare, and cost of Veterans benefits on a monthly basis but apparently you chose not to pay any attention. There is enough money to pay those obligations
    You provided some spending numbers; you have not provided revenue numbers.

  3. #193
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Yes, I believe I did since it is claimed that tax cuts have to pay for themselves. Since tax cuts aren't a line item expense there is nothing to pay for. You are claiming that tax revenue has to pay for all the spending regardless of how much that spending is. I rightly told you that tax cuts benefited and all tax payers and that means less of that so called liberal help is needed
    Semantics, meh. Those conservative economists say only about 30% of the lost revenue is recouped from tax cuts.
    To keep the debt in balance, revenues must equal spending.


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    Re: Obama: We have a deal

    Quote Originally Posted by PzKfW IVe View Post
    No.... by itself, it cannot; you must also make the choice to not also reduce spending.
    In the same way that jumping off a building will not by itself kill you. You have to also make the choice to not wear and use a parachute?

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post

    The Bush deficits:

    FY2002: 420,772,553,397
    FY2003: 554,995,097,146
    FY2004: 595,821,633,587
    FY2005: 553,656,965,393
    FY2006: 574,264,237,492
    FY2007: 500,679,473,047
    FY2008: 1,017,071,524,650
    FY2009: 1,885,104,106,599

    Debt to the Penny

    Any questions?

    Quote Originally Posted by Conservative View Post

    Yep, how did the Obama stimulus, Afghanistan surge supplemental, use and support of TARP, along with the other Obama supplementals in 2009 affect that 2009 deficit?
    We've been over this, how many times now?
    $200B of Obama's stimulus was applied to FY2009.

    What you're calling the "Afghanistan surge supplemental" was for all military support in Iraq and Afghanistan and was used to support two military fronts which Bush owns.

    According to you, Obama spent $60B of TARP funds in FY2009.

    Bush is responsible for the other $1.6+ trillion.

    Quote Originally Posted by Conservative View Post

    you got your ass kicked on the other thread ...

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    Re: Obama: We have a deal

    Quote Originally Posted by AdamT View Post
    You provided some spending numbers; you have not provided revenue numbers.
    Revenue numbers in 2010

    Receipt 2010

    Individual Income tax 898.5
    Corporate Taxes 191.4

    Total 1089.9

    SS/Unemploy/Other 864.8

    Excise Taxes 66.9


    2021.6

  7. #197
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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    We've been over this, how many times now?
    $200B of Obama's stimulus was applied to FY2009.

    What you're calling the "Afghanistan surge supplemental" was for all military support in Iraq and Afghanistan and was used to support two military fronts which Bush owns.

    According to you, Obama spent $60B of TARP funds in FY2009.

    Bush is responsible for the other $1.6+ trillion.



    You surely paid no attention to 2009 at all as you are probably too busy putting together your talking points. Facts always confuse a liberal. How does it feel to be among the declining number supporting Obama, 40% approval ratings?

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    Re: Obama: We have a deal

    Quote Originally Posted by AdamT View Post
    That is only true in the most literal sense.
    It is true, period.
    Every single dollar spend is subject to revision, every single benefit represented by non-discretionary spending can be reduced or eliminated.
    SocSec, Medicare - spending all entitlement programs can be cut.

    or stop paying the military
    This is covered by discretionary spending.

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    Re: Obama: We have a deal

    Quote Originally Posted by vvx View Post
    In the same way that jumping off a building will not by itself kill you. You have to also make the choice to not wear and use a parachute?
    Sigh.
    When you have $X, you can only run a deficit if you choose to spend >$X.
    This is true even when X goes down from one year to another.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post

    You surely paid no attention to 2009 at all as you are probably too busy putting together your talking points.
    treasury.gov is a talking point, is it?

    Quote Originally Posted by Conservative View Post

    Facts always confuse a liberal.
    Spits the Conservative who claimed all of the following numbers that the CBO added to their FY2009 budget forecast revision:

    $700B
    $500B
    $461B
    $180B
    $398B
    $180B

    Which one have you settled on?

    Quote Originally Posted by Conservative View Post

    How does it feel to be among the declining number supporting Obama, 40% approval ratings?
    Cries a Bush 19% JAR supporter.

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