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Thread: Govt. borrows 46 cents of every dollar it spends

  1. #211
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    1974 Deficit was 2.3% of revenue
    2007 6.3%
    1973 6.5%

    2011 56.3%
    2010 59.8%
    2009 67.1%

    CBO | Historical Budget Data

    Just as I thought, you could not name a Republican presidential Administration that came close to balancing the budget.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Fisher View Post
    Dennis Hastert. Before that FDR. If you want to get into a partisan finger-pointing game, your best question would be who was the last GOP President who operated with a budget surplus. Slowing the rate of increase is obviously preferable to increasing it, but it does not address the problem at hand. Perhaps if we hit the fiscal pothole and people get all quaky in their panties, they will get an idea of what life will be like down the road if we do not do something more aggressive like, oh I don't know, taxing imports, placing an excise tax on unprocessed raw materials exported overseas., etc. beyond just some partisan class warfare "Sock it to the rich with a marginal rate increase that does nothing more than serve as political masturbation" mentality
    As half the country owns 1% of its wealth, its obvious to most where the increased revenues are going to have to come from to address our debt. 30 years of trickle down economics has finally caught up with us. Its time to pay the piper!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    As half the country owns 1% of its wealth, its obvious to most where the increased revenues are going to have to come from to address our debt.
    Psst.... No one has suggsted that we tax wealth....

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    Just as I thought, you could not name a Republican presidential Administration that came close to balancing the budget.
    That depends entirely on your subjective defintion of 'close'; given the rabid, bigoted partisanship you exhibit here, it's pretty clear that anything over 0.01% of revenue won't qualify.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    I've already admitted that some Democrats voted against the spending. However, every single GOP congressman voted for the wasteful spending.
    So much for the GOP claim they want to reduce the deficit!
    That's OK - I'll ask again:
    Why won't you admit you lied about a unanimous vote from Congress?

  6. #216
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    As half the country owns 1% of its wealth, its obvious to most where the increased revenues are going to have to come from to address our debt. 30 years of trickle down economics has finally caught up with us. Its time to pay the piper!
    The problem could just as easily be that all the democrats in those 30 years have adhered to obsolete and failed social welfare programs that hold people down while allowing the wealthy to send the middle class jobs overseas via globalized Clintonized trade policies. If the piper is gonna be paid, then why would you support the democrats who refuse to do anything to actually help poor people by giving up any control whatsoever to the states who are better equipped to adapt to the conditions on the ground?

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    Psst.... No one has suggsted that we tax wealth....

    Psst..... You haven't been paying attention....


    Five Facts About America's Pathological Wealth Distribution
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    Psst..... You haven't been paying attention....

    Five Facts About America's Pathological Wealth Distribution
    Speaking of not paying attention.... nothing on that site suggests that we tax wealth.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    Speaking of not paying attention.... nothing on that site suggests that we tax wealth.
    You'll eventually figure it out. I'll give you a hint - what did the US do (in the 1920's) the last time we had a wealth gap this big?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    You'll eventually figure it out. I'll give you a hint - what did the US do (in the 1920's) the last time we had a wealth gap this big?
    (This is great.... Catawaba is letting me set him up to look like an idiot...again....)

    I give up. Tell me.

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