Page 5 of 26 FirstFirst ... 3456715 ... LastLast
Results 41 to 50 of 255

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

  1. #41
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 12:12 AM
    Gender
    Lean
    Libertarian
    Posts
    34,601

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

    Quote Originally Posted by Somerville View Post
    You do know the country is still recovering from a rather nasty recession don' you? Remember the adage: There are lies, damned lies and then there are statistics

    If the economy is not doing as well as it once performed, tax revenues will be down - so even when expenditures are being cut, the percentage of revenues being spent may increase.
    So, in your opinion, the gov't should attempt to take more taxes when the economy is "down"? Just what exactly is the gov't doing to get the economy to improve? I never mentioned the percentage of revenue to expendatures (deficit/surplus), I mentioned the ratio of federal taxation/spending relative to the GDP. Cranking up the gov't spending (supported by borrowing) is only of value if it goes to improve the nations economic production, not to simply redistribute income from those that are still working to those that are not.
    Last edited by ttwtt78640; 12-10-12 at 11:59 AM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #42
    Professor
    Hairytic's Avatar
    Join Date
    Aug 2012
    Location
    Mississippi
    Last Seen
    10-01-13 @ 04:45 PM
    Gender
    Lean
    Progressive
    Posts
    1,592

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

    Quote Originally Posted by ttwtt78640 View Post
    What picture is that? Obama is running up the defict at over twice the rate that Bush did. Facts are not your friend using that lame argument. Under Bush, federal taxation was 17% of GDP and federal spending was 20% of GDP, under Obama, taxation is still 17% of GDP but spending is now 24% of GDP, that is a 20% increase in federal spending. Yes he did!
    You fail to see that a part of what has been spent under the Obama administration was obligated during the Bush administration. The most honest way to view this is to take in to account what each president's policies have cost the country. Here is a chart by Ezra Kline that explains it better than I can.
    Obama’s and Bush’s effects on the deficit in one graph - The Washington Post

    debt%20changes%20under%20bush%20obama.jpg

  3. #43
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 12:12 AM
    Gender
    Lean
    Libertarian
    Posts
    34,601

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

    Quote Originally Posted by Hairytic View Post
    You fail to see that a part of what has been spent under the Obama administration was obligated during the Bush administration. The most honest way to view this is to take in to account what each president's policies have cost the country. Here is a chart by Ezra Kline that explains it better than I can.
    Obama’s and Bush’s effects on the deficit in one graph - The Washington Post

    debt%20changes%20under%20bush%20obama.jpg
    Perhaps a look at reality is in order. Look at the Bush tax cuts effect on federal revenue (2003-2008) and the Bush spending during that time. Then look at 2009-present. Obama decreased federal revenue and increased federal spending (with one less "Bush war") to give us our current "wonder economy" and recent massive federal debt increase. Pay particular attention to these revenue/spending figures in relation to GDP. In spite of Obama "not liking" the Bush taxation/spending policies he kept all of it and added even more tax cuts and spending increases of his own. Yes he did!

    http://www.taxpolicycenter.org/taxfa....cfm?Docid=200
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #44
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 12:26 PM
    Gender
    Lean
    Libertarian
    Posts
    41,547

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

    Quote Originally Posted by ttwtt78640 View Post
    Perhaps a look at reality is in order. Look at the Bush tax cuts effect on federal revenue (2003-2008) and the Bush spending during that time. Then look at 2009-present. Obama decreased federal revenue and increased federal spending (with one less "Bush war") to give us our current "wonder economy" and recent massive federal debt increase. Pay particular attention to these revenue/spending figures in relation to GDP. In spite of Obama "not liking" the Bush taxation/spending policies he kept all of it and added even more tax cuts and spending increases of his own. Yes he did!

    Historical Federal Receipt and Outlay Summary
    yes, he did, with the advise and consent of Congress.

    and the voters returned him to Washington, along with most of Congress. What are we to make of that?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  5. #45
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 12:12 AM
    Gender
    Lean
    Libertarian
    Posts
    34,601

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

    Quote Originally Posted by Dittohead not! View Post
    yes, he did, with the advise and consent of Congress.

    and the voters returned him to Washington, along with most of Congress. What are we to make of that?
    Vote buying, ignorance of the voting public and a drooling, cheerleading press corps that embraced his moronic "class warfare" and "blame Bush" nonsnense. Yes they did!
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  6. #46
    Sage
    longview's Avatar
    Join Date
    Jan 2012
    Location
    Texas
    Last Seen
    Yesterday @ 06:06 PM
    Gender
    Lean
    Conservative
    Posts
    14,356

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

    I think most can agree, that our government is spending too much.
    The real question, is what and how to cut to fix it.
    Rising taxes is like increasing a junkie's heroine supply.
    We have to trim government.

  7. #47
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 12:26 PM
    Gender
    Lean
    Libertarian
    Posts
    41,547

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

    Quote Originally Posted by ttwtt78640 View Post
    Vote buying, ignorance of the voting public and a drooling, cheerleading press corps that embraced his moronic "class warfare" and "blame Bush" nonsnense. Yes they did!
    Yes, all of that, and the idiots who based their votes on party loyalty and/or those negative TV ads purchased for hundreds of millions in special interest dollars.

    Why is it that the voters can't see that campaign ads are made up almost entirely of pure, unadulterated BS?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  8. #48
    Sage
    longview's Avatar
    Join Date
    Jan 2012
    Location
    Texas
    Last Seen
    Yesterday @ 06:06 PM
    Gender
    Lean
    Conservative
    Posts
    14,356

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

    Quote Originally Posted by Dittohead not! View Post
    Yes, all of that, and the idiots who based their votes on party loyalty and/or those negative TV ads purchased for hundreds of millions in special interest dollars.

    Why is it that the voters can't see that campaign ads are made up almost entirely of pure, unadulterated BS?
    Propaganda and advertising are opposite sides of the same coin, they both convince people to
    buy or vote for something they don't really need, (and may not want)

  9. #49
    Sage
    Somerville's Avatar
    Join Date
    Apr 2012
    Location
    On an island. Not that one!
    Last Seen
    Yesterday @ 11:48 PM
    Lean
    Socialist
    Posts
    9,820

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

    Quote Originally Posted by ttwtt78640 View Post
    So, in your opinion, the gov't should attempt to take more taxes when the economy is "down"? Just what exactly is the gov't doing to get the economy to improve? I never mentioned the percentage of revenue to expendatures (deficit/surplus), I mentioned the ratio of federal taxation/spending relative to the GDP. Cranking up the gov't spending (supported by borrowing) is only of value if it goes to improve the nations economic production, not to simply redistribute income from those that are still working to those that are not.

    Don't know if this was deliberate obtuseness or you just refuse to see reality

    My words "If the economy is not doing as well " does, at least to me, indicate that the GDP is not as high as it was previously (inflation adjusted) therefore - even when the feds don't spend as much as previously, the amount spent may still be a larger percentage of GDP, despite a reduction in spending
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  10. #50
    Sage
    AliHajiSheik's Avatar
    Join Date
    Aug 2012
    Last Seen
    Yesterday @ 10:23 PM
    Gender
    Lean
    Undisclosed
    Posts
    6,383

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

    Quote Originally Posted by Hairytic View Post
    I agree, spending is a problem. We need to cut spending on the Millitary first. Most of that money goes to defense contractors that charge way too much for what we get. But the defense contractors have lobbiests that pay off congressmen to accept contracts that are way too high. We need to cut spending on the oil companies that have billions in profits. We need to cut spending on all corporate welare, with the exception of corporations who create jobs here in the US.

    The corporate Parasites are a huge problem, I agree. They cost us billions and do very little to help the economy. The CEOs ship jobs overseas and pay themselves millions in bonuses. Huge problem.

    Denying reality by watching Fox news is also a huge problem. Fox viewers are the most uninformed viewers in the US. Yes, ignorance is a problem, but its a free country so if the Fox news fans want to believe the manufactured news, so be it.
    Great, another person who wants to do something but wants his choice to be done first. We need the fiscal cliff.

Page 5 of 26 FirstFirst ... 3456715 ... 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
  •