Page 5 of 10 FirstFirst ... 34567 ... LastLast
Results 41 to 50 of 94

Thread: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

  1. #41
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 03:19 AM
    Gender
    Lean
    Independent
    Posts
    54,705

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Mr. Invisible View Post
    Well of course the problem is deeper than campaign finance reform. The US is a militaristic global empire that has no qualms about fulfilling its foreign policy objectives by any means necessary. I was just bringing up campaign finance reform as an example.
    There is plenty of room for cuts in defense spending...believe me...but as it is, cumulative defense spending is 19.27% of the total fed budget. Social Security is 20.04% of the total ANNUAL fed budget. Healthcare is 22.62%. Unemployment is 14.48%. 57.14% of the annual budget is in those three social spending programs. Add in defense and in those 4 programs alone you have 76.41% of the debt. An additional 6.3% goes just to paying the interest on the debt and that has climbed since our nations credit rating went down. Add in the discretionary budget and vet benefits and that is another 7.5% ANNUALLY. You find that sustainable? The country doesnt...thats why we keep adding annual debt via deficits and raising the debt ceiling.

    The*President's*Budget for*Fiscal Year 2012 | The White House

    Unless people start getting realistic and serious about the cuts and stop playing idiotic games to pander to their parties...none of this is going to matter.

  2. #42
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by VanceMack View Post
    An additional 6.3% goes just to paying the interest on the debt and that has climbed since our nations credit rating went down.
    Actually, and ironically, it has gotten cheaper since the credit downgrade. The rate on the 10 year Treasury note is almost a full point lower today than it was the week before the downgrade.
    Last edited by AdamT; 11-21-11 at 08:19 PM.

  3. #43
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 03:19 AM
    Gender
    Lean
    Independent
    Posts
    54,705

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by AdamT View Post
    Actually, and ironically, it has gotten cheaper since the credit downgrade. The rate on the 10 year Treasury note is almost a full point lower today than it was the week before the downgrade.
    Sweet...we should get downgraded more often then. And since the dems and reps in congress ARE going to bump us up another 10 trillion in debt over the next years, eventually Im sure it will pretty much pay for itself!

  4. #44
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Why are we are in Afghanistan again?

  5. #45
    200M yrs of experience
    Frolicking Dinosaurs's Avatar
    Join Date
    Aug 2008
    Location
    Southeastern USA
    Last Seen
    05-07-12 @ 12:19 AM
    Gender
    Lean
    Other
    Posts
    2,166

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by 1Perry View Post
    Why are we are in Afghanistan again?
    Maybe it has something to do with eradicating the government (Taliban) that harbored and protected the group (al Qaeda) that killed thousands of our citizens on our own soil in 2001?

  6. #46
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Frolicking Dinosaurs View Post
    Maybe it has something to do with eradicating the government (Taliban) that harbored and protected the group (al Qaeda) that killed thousands of our citizens on our own soil in 2001?
    So I suppose we will be done when the entire population has been eradicated.

  7. #47
    Politically Correct

    Join Date
    Oct 2010
    Last Seen
    12-13-17 @ 08:33 PM
    Lean
    Other
    Posts
    2,850
    Blog Entries
    8

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by AdamT View Post
    Another is for charitable giving, which you probably don't want to eliminate when so many people are relying on charity.
    How about qualifying the charity deduction so that the charity has to be for the benefit of Americans? I think it's ridiculous that you can deduct donations to foreign charities.

    I agree with you that the housing-related deductions can wait.
    (avatar by Thomas Nast)

  8. #48
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Krhazy View Post
    How about qualifying the charity deduction so that the charity has to be for the benefit of Americans? I think it's ridiculous that you can deduct donations to foreign charities.

    I agree with you that the housing-related deductions can wait.
    I wouldn't support that, but I wouldn't filibuster over it either. People are worse off in other parts of the world. Is it better to give $50 bucks here so kids can have nice presents at Christmas, as opposed to giving $50 to a charity in sudan that might save a few kids' lives?

  9. #49
    Banned
    Join Date
    Mar 2009
    Location
    Naperville, IL
    Last Seen
    09-24-12 @ 02:14 PM
    Gender
    Lean
    Moderate
    Posts
    11,963

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    The GOP tanked the super-Comm to protect hedge funds.

    Well done tea baggers... Well done.

  10. #50
    Skeptical Optimist
    Rhapsody1447's Avatar
    Join Date
    Aug 2006
    Last Seen
    09-20-17 @ 02:57 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,510

    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Senator Toomey reports that Republicans offered $250 billion in new revenue for the $1.2 trillion in cuts, said that Democrats refused to make a deal unless there was $1 trillion in new taxes. While I do support some increases in revenue purely for the sake of getting a deal done, $1 trillion in new taxes is absurd. I'm curious to see the Democratic response to this.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

Page 5 of 10 FirstFirst ... 34567 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •