G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes[W: 414]

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
By the way do you have any idea where the money comes from to fund the military and those salaries? How much are the 47% on non income tax paying public pay for those expenses?

Your figures are out of date. 51% did not pay income tax in 2009 according to the JCT. Of course, the reason that they didn't PAY any income tax that year is that they didn't OWE any income tax that year. Are you in the habit of paying taxes that you do not owe? If not, I don't see where you can have any objection at all to others doing just the same as you do.

And the bottom quintile by income hands over about 17% of its income in federal, state, and local taxes, so they do have plenty of "skin in the game" as the downscale like to call it, in fact probably more than they can properly afford in many cases. The top 1% pays about 29% of its income in total taxes and has so much money left over that they barely notice.

Total Tax Bill by Income Group, 2011

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
Your figures are out of date. 51% did not pay income tax in 2009 according to the JCT. Of course, the reason that they didn't PAY any income tax that year is that they didn't OWE any income tax that year. Are you in the habit of paying taxes that you do not owe? If not, I don't see where you can have any objection at all to others doing just the same as you do.

And the bottom quintile by income hands over about 17% of its income in federal, state, and local taxes, so they do have plenty of "skin in the game" as the downscale like to call it, in fact probably more than they can properly afford in many cases. The top 1% pays about 29% of its income in total taxes and has so much money left over that they barely notice.

Total Tax Bill by Income Group, 2011

So you believe working people earning an income owe nothing to fund the govt. that benefits them? Apparently you have no problem with the other 51% funding the entire Federal Govt. including military salaries and the debt service on the debt run up by that govt. all in the name of compassion?

I do suggest that you learn what your taxes fund rather than quoting the old liberal standby of state and local taxes. I gave you the line items in the Federal Budget along with the link showing those line items but as usual you ignored the link, the line items, as well as the amount of money that funded those line items. Please show me the trillions in savings Obama has proposed?

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Wrong, the biggest drivers of our debt is govt. spending on entitlements something you wil never understand.

How is that possible when as of December 31, the two biggies -- Social Security and Medicare -- had piled up a combined SURPLUS of $2,953 billion? That's a lot of money.

Conservative said:
Further like all liberals you keeping more of what you earn is an expense to the govt. but I don't see you sending extra to the govt.

Many people do. There is a whole separate Treasury account through which to accept donations from Mrs. Smith's 4th grade class to help reduce the deficit. That won't make for much of a tax code though. Taxes are not voluntary. Taxes are mandatory upon everyone. That includes you.

Conservative said:
You better tell the Treasury Dept that tax cuts are an expense to the govt. because they show taxes as revenue and any revenue reduction isn't an expense. Further how much do those 23 million unemployed/under employed/discouraged workers pay in FIT?

Do you think these people pay nothing? How absurd! And your numbers are out of date again. The correct one would have been 22.4 million.

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Better tell that to the Treasury Dept because they disagree with you and obviously have no idea how much smarter than you are than they when it comes to the budget of the United States.

LOL! No, they do not disagree with me, you simply don't know what you are talking about. The Combined Statement does not include line-item detail. Tables 4 and 5 in the MTS do not include line-item detail. Line-item is a budget-accounting term and construct. You have misused it in a vain attempt to appear knowledgeable.

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
How is that possible when as of December 31, the two biggies -- Social Security and Medicare -- had piled up a combined SURPLUS of $2,953 billion? That's a lot of money.

Many people do. There is a whole separate Treasury account through which to accept donations from Mrs. Smith's 4th grade class to help reduce the deficit. That won't make for much of a tax code though. Taxes are not voluntary. Taxes are mandatory upon everyone. That includes you.

Do you think these people pay nothing? How absurd! And your numbers are out of date again. The correct one would have been 22.4 million.

It really is hard dealing with people like you who have no concept of basic economics and math. Do you realize that the so called surplus in SS and Medicare is made up mostly of IOU's? How do those IOU's get funded?

Social Security IOUs stashed away - Washington Times

As for taxes being mandatory? You are so busy being envious of the rich that you ignore the income earning Americans that pay zero. Further you have no concept of what your taxes fund nor the ability to move from state to state to avoid paying higher state taxes. Your economic and understanding of the role of govt. and purpose of the various taxes ignorance is staggering.

22.4 million unemployed/under employed/discouraged workers is something you are proud of? You are a typical liberal out of touch with reality.

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
LOL! No, they do not disagree with me, you simply don't know what you are talking about. The Combined Statement does not include line-item detail. Tables 4 and 5 in the MTS do not include line-item detail. Line-item is a budget-accounting term and construct. You have misused it in a vain attempt to appear knowledgeable.

Line item details are under the line item. Absolutely amazing that you continue to show your ignorance. Defense is a line item, under defense are a lot of sub categories. You don't seem to comprehend the difference. the bottonline is all those subcategories make up Defense and add up to the total line item in the budget. We never were talking detail only the total for the individual line item which is made up of the subcategories.

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Do people like you ever admit when wrong on any subject?

Certainly, but it doens't happen often, and hasn't here.

Conservative said:
What is it about liberalism that creates this kind of loyalty that depends on a massive central govt. to provide that so called "free lunch" to you?

Well, thanks to a rather lucrative 40+ year career as an economist running the K Street-PA Avenue-Capitol Hill gauntlet, I'm not in need of depending on much of anything at this point. My family would appear set for generations.

Meanwhile, how is it that any right-winger can look around at the simple facts of the real world and still be one?

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
Certainly, but it doens't happen often, and hasn't here.

Well, thanks to a rather lucrative 40+ year career as an economist running the K Street-PA Avenue-Capitol Hill gauntlet, I'm not in need of depending on much of anything at this point. My family would appear set for generations.

Meanwhile, how is it that any right-winger can look around at the simple facts of the real world and still be one?

You don't want simple facts for if you did you would see a 16.3 trillion dollar debt, over 22 million unemployed/under employed/discouraged workers, a President who is going to spend us into oblivion and has no interest in lowering the debt for that is the way liberals get people like you. You become dependent on the govt. and then continue to elect the same arrogant liberals over and over again.

I see no evidence that you ever ran anything for if you ran your business like the govt. you would be bankrupt. Maybe a govt. bailout has bought your loyalty.

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
So you believe working people earning an income owe nothing to fund the govt. that benefits them?

People who do not OWE taxes do not PAY taxes. More than 20% of those who OWE no taxes are students who file a 1040 just to get back the taxes that were withheld from their summer or other part-time jobs. Another 25% OWE no taxes because their personal exemptions and standard deduction reduce their taxable income to zero. Do YOU use either of those to reduce YOUR taxable income?

Conservative said:
Apparently you have no problem with the other 51% funding the entire Federal Govt. including military salaries and the debt service on the debt run up by that govt. all in the name of compassion?

LOL! Individual income taxes covered a little less than 32% of federal outlays in FY 2012. By the way, that scary debt service of yours was lower in FY 2012 than it was in FY 1998.

Conservative said:
I do suggest that you learn what your taxes fund rather than quoting the old liberal standby of state and local taxes. I gave you the line items in the Federal Budget along with the link showing those line items but as usual you ignored the link, the line items, as well as the amount of money that funded those line items.

Pathetic. Federal income taxes are progressive because other federal txaes and state and local taxes are so highly regressive. Summary headings are not line-items, and the Combined Statement is not the budget.

Conservative said:
Please show me the trillions in savings Obama has proposed?

What would THAT be relevant to?

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang;1061372822]People who do not OWE taxes do not PAY taxes. More than 20% of those who OWE no taxes are students who file a 1040 just to get back the taxes that were withheld from their summer or other part-time jobs. Another 25% OWE no taxes because their personal exemptions and standard deduction reduce their taxable income to zero. Do YOU use either of those to reduce YOUR taxable income?

If people earn anything they owe something for the govt. that they get benefits from. No income earning American should ever have a zero net income tax burden. Instead of going after those evil rich people get something from income earners paying nothing in FIT

LOL! Individual income taxes covered a little less than 32% of federal outlays in FY 2012. By the way, that scary debt service of yours was lower in FY 2012 than it was in FY 1998.

Zero interest rates are helping keep the debt service lower but I would have thought an economic genius like you would know that.

Pathetic. Federal income taxes are progressive because other federal txaes and state and local taxes are so highly regressive. Summary headings are not line-items, and the Combined Statement is not the budget.

Federal Income taxes fund the Federal Govt. or didn't you know that? Today we have a 3.8 trillion dollar budget that isn't funded by state or local taxes. We have a spending problem thanks to liberalism not a revenue problem

What would THAT be relevant to?

The claim of Obama's that he has proposed trillions in spending cuts

sangha · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
If people earn anything they owe something for the govt. that they get benefits from. No income earning American should ever have a zero net income tax burden. Instead of going after those evil rich people get something from income earners paying nothing in FIT

People who pay no income tax pay taxes

But you already knew that

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
It really is hard dealing with people like you who have no concept of basic economics and math. Do you realize that the so called surplus in SS and Medicare is made up mostly of IOU's? How do those IOU's get funded?

The old "worthless IOU's" gag-line? Gee, for a moment there, I thought you might turn out to be more of challenge than that. One of those rare occasions when I have to admit how wrong I was. Do you meanwhile have any idea what school districts do with the cash proceeds of school bond sales? They spend them for school purposes, that's what. And what do corporations do with the cash proceeds of corporate bond sales? Why, they spend them for corporate purposes. So what do you think governments do with the cash proceeds of government bond sales? Any idea at all? Would you in fact agree that no rational person would ever issue debt unless he in fact already had in mind a purpose to which the cash proceeds could very quickly be put?

As for worthless, US Treasury securities, are the safest, most secure investment vehicle in the history of the world. They are in fact the standard against which the safety and security of every other investment vehicle is measured. Didn't you know that? The Social Security Trust Fund is meanwhile just another investor when it comes to US Treasury securities. The full faith and credit of the United States Government stands behind every penny's worth of scheduled principal and interest, whether the investor is SSTF, the government of China, or your batty old Aunt Fanny.

Conservative said:
As for taxes being mandatory? You are so busy being envious of the rich that you ignore the income earning Americans that pay zero. Further you have no concept of what your taxes fund nor the ability to move from state to state to avoid paying higher state taxes. Your economic and understanding of the role of govt. and purpose of the various taxes ignorance is staggering.

My taxes might very well exceed your income. And despite idiot right-wing claims that millionaires flee places like Oregon, Maryland, and NYC in droves in order to avoid paying a few extra cents in income taxes, nobody with actual money actually does that at all. The numbers that clownies base their claims on result from those who were just above the millionaire line before the Great Bush Recession having fallen beneath it as the result of that catastrophe. The GBR really did a number on people who had been relying on capital gains, you know. In the real world that hacks prefer not to think about, the wealthy didn't get that way overnight and they are heavily invested in the roots they have put down over the years -- the vast and profitable networks of business, social, cultural, religious, educational, and charitable contacts they have brought together over many years. You are apparently so gullible as to believe that a person of wealth so deeply integrated into the fabric of a community such as New York, Portland, or Annapolis would simply sacrifice the labors of a lifetime, pull up stakes, and drag his family off to live in some unspeakable loserville backwater rather than pay a meaningless additional amount in state income taxes. The notion is incomprehensibly beyond belief. There is no explanation for how any person can have fallen for it.

Conservative said:
22.4 million unemployed/under employed/discouraged workers is something you are proud of? You are a typical liberal out of touch with reality.

Well, it isn't 23 million as you'd claimed, is it. And a year ago, it was 23.4 million, wasn't it. So in this reality that you profess to be so familiar with, that's a drop of one million in just the past year, isn't it.

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

sangha said:
People who pay no income tax pay taxes

But you already knew that

One of these days you are going to learn what your taxes actually fund, and I look forward to that day.

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
The old "worthless IOU's" gag-line? Gee, for a moment there, I thought you might turn out to be more of challenge than that. One of those rare occasions when I have to admit how wrong I was. Do you meanwhile have any idea what school districts do with the cash proceeds of school bond sales? They spend them for school purposes, that's what. And what do corporations do with the cash proceeds of corporate bond sales? Why, they spend them for corporate purposes. So what do you think governments do with the cash proceeds of government bond sales? Any idea at all? Would you in fact agree that no rational person would ever issue debt unless he in fact already had in mind a purpose to which the cash proceeds could very quickly be put?

As for worthless, US Treasury securities, are the safest, most secure investment vehicle in the history of the world. They are in fact the standard against which the safety and security of every other investment vehicle is measured. Didn't you know that? The Social Security Trust Fund is meanwhile just another investor when it comes to US Treasury securities. The full faith and credit of the United States Government stands behind every penny's worth of scheduled principal and interest, whether the investor is SSTF, the government of China, or your batty old Aunt Fanny.

My taxes might very well exceed your income. And despite idiot right-wing claims that millionaires flee places like Oregon, Maryland, and NYC in droves in order to avoid paying a few extra cents in income taxes, nobody with actual money actually does that at all. The numbers that clownies base their claims on result from those who were just above the millionaire line before the Great Bush Recession having fallen beneath it as the result of that catastrophe. The GBR really did a number on people who had been relying on capital gains, you know. In the real world that hacks prefer not to think about, the wealthy didn't get that way overnight and they are heavily invested in the roots they have put down over the years -- the vast and profitable networks of business, social, cultural, religious, educational, and charitable contacts they have brought together over many years. You are apparently so gullible as to believe that a person of wealth so deeply integrated into the fabric of a community such as New York, Portland, or Annapolis would simply sacrifice the labors of a lifetime, pull up stakes, and drag his family off to live in some unspeakable loserville backwater rather than pay a meaningless additional amount in state income taxes. The notion is incomprehensibly beyond belief. There is no explanation for how any person can have fallen for it.

Well, it isn't 23 million as you'd claimed, is it. And a year ago, it was 23.4 million, wasn't it. So in this reality that you profess to be so familiar with, that's a drop of one million in just the past year, isn't it.

You do live in a dream world, one that defies reality. My bet is I pay more in taxes than you make. It really is sad that someone who claims to be as smart as you doesn't show it in their posts. You have no idea what a line item is, you have no idea what your taxes fund, you have no concept of debt service yet you claim to be not only rich but smart. I see neither. Try spending a govt. IOU at the grocery store. Didn't read the article on the IOU's did you?

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Line item details are under the line item. Absolutely amazing that you continue to show your ignorance. Defense is a line item, under defense are a lot of sub categories. You don't seem to comprehend the difference. the bottonline is all those subcategories make up Defense and add up to the total line item in the budget. We never were talking detail only the total for the individual line item which is made up of the subcategories.

Oh dear. If this had been a field sobriety test, you would have flunked. Line-item is the lowest level at which an expenditure is reflected. This would most typically be to fully-qualified object classification, but not all expenditures are as complex as that, so in some cases, sub-programs and even programs themselves can be the effective line-item. No line-item entries appear in the Combined Statement, nor do any appear in Congressional budget resolutions. They do appear in the budget and may or may not in the authorizing and appropriating legislation. Defense, by the way, is not a line-item -- it is a freaking Department.

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
You don't want simple facts for if you did you would see a 16.3 trillion dollar debt, over 22 million unemployed/under employed/discouraged workers, a President who is going to spend us into oblivion and has no interest in lowering the debt for that is the way liberals get people like you. You become dependent on the govt. and then continue to elect the same arrogant liberals over and over again.

Yes, I get this same sort of gibberish from the local cave-dweller community. Republicans, I think they still call themselves, though I'm not sure why. Meanwhile, the baton that was passed to Obama was a complete disaster in progress. Two failed wars plus the culmination of eight of the least competent years of economic stewadship in the history of the country. The only choice was between more debt and more disaster. Not a hard choice, really. Except for the people who were at fault for all this to begin with. Most of them don't seem to like seeing the economy turned around and set back on a proper path.

Conservative said:
I see no evidence that you ever ran anything for if you ran your business like the govt. you would be bankrupt. Maybe a govt. bailout has bought your loyalty.

Well, I do direct my own local 501(c)(3) and sit on the board of a regional one. Then there's the LLC thing. It's enough to keep me busy.

Cardinal Fang · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
If people earn anything they owe something for the govt. that they get benefits from.

Not according to the Form 1040 instructions and tables. Maybe you should go check.

Conservative said:
No income earning American should ever have a zero net income tax burden. Instead of going after those evil rich people get something from income earners paying nothing in FIT

As you probably don't understand, a lot of the people with refundable tax credits pay no net income tax, but they do receive a lower refund because of taxes owed that were offset. So while they are paying taxes through smaller refunds, they still show up in the 51% (2009) who paid no net taxes.

Meanwhile, some rich people are evil, there's really no debate about that. But most aren't and the reason their taxes need to go up as we get back to business-as-usual here is only that such a step provides the best ratio of fiscal benefit to economic cost of any option on the table. Well, that plus the fact that these folks have been enjoying a free-money bonanza ever since those Bush tax cuts for the rich went into effect along with policies of diverting productivity gains into corporate profits rather than wage increases.

Conservative said:
Zero interest rates are helping keep the debt service lower but I would have thought an economic genius like you would know that.

Yes, thank you, I do know that. And unlike so many right-wing babblers, I even know that interest accrues not at market rates, but at the rate specified in each individual note. The current average interest rate on the public debt is 2.52% and with an average maturity of 65 months, even if market rates were to increase, it would be a good while for that to be reflected in actual interest due on the debt. And of course the best projections are that inflation and interest rates will be flat for the next three years at least.

Conservative said:
Federal Income taxes fund the Federal Govt. or didn't you know that?

Yes, I did know that, and it is also funded by payroll taxes, corporate income taxes, excise taxes, import duties, estate and gift taxes, and miscellaneous receipts. But the question at the time was over tax burden on low-income individuals and they face quite a steep one. An average overall tax bite of 17% for a group that only averages $13K per year in income is pretty hard to justify.

Conservative said:
Today we have a 3.8 trillion dollar budget that isn't funded by state or local taxes. We have a spending problem thanks to liberalism not a revenue problem.

No, we indeed have a revenue problem, as the following graph demonstrates quite clearly...

See the green line? That's actual federal spending in FY 1960 stated in constant 2005 dollars and then expanded at a rate of 3.25% per year to account for population and productivity growth. See the red line? That actual federal spending over the past 50+ years stated in constant 2005 dollars. See the blue line? That's actual federal revenue over the past 50+ years stated in constant 2005 dollars. See how the blue line goes completely kerflooey once George W Bush arrives on the scene? THAT'S where our problems lie.

Donc · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Wrong, the biggest drivers of our debt is govt. spending on entitlements something you wil never understand.

Show me how Social Security is contributing to our national debt. I admit Medicare needs our attention. Preferably by replacing it with national healthcare for ALL OF OUR CITIZENS.

eace

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Cardinal Fang said:
Not according to the Form 1040 instructions and tables. Maybe you should go check.

As you probably don't understand, a lot of the people with refundable tax credits pay no net income tax, but they do receive a lower refund because of taxes owed that were offset. So while they are paying taxes through smaller refunds, they still show up in the 51% (2009) who paid no net taxes.

Meanwhile, some rich people are evil, there's really no debate about that. But most aren't and the reason their taxes need to go up as we get back to business-as-usual here is only that such a step provides the best ratio of fiscal benefit to economic cost of any option on the table. Well, that plus the fact that these folks have been enjoying a free-money bonanza ever since those Bush tax cuts for the rich went into effect along with policies of diverting productivity gains into corporate profits rather than wage increases.

Yes, thank you, I do know that. And unlike so many right-wing babblers, I even know that interest accrues not at market rates, but at the rate specified in each individual note. The current average interest rate on the public debt is 2.52% and with an average maturity of 65 months, even if market rates were to increase, it would be a good while for that to be reflected in actual interest due on the debt. And of course the best projections are that inflation and interest rates will be flat for the next three years at least.

Yes, I did know that, and it is also funded by payroll taxes, corporate income taxes, excise taxes, import duties, estate and gift taxes, and miscellaneous receipts. But the question at the time was over tax burden on low-income individuals and they face quite a steep one. An average overall tax bite of 17% for a group that only averages $13K per year in income is pretty hard to justify.

No, we indeed have a revenue problem, as the following graph demonstrates quite clearly...

View attachment 67141142

See the green line? That's actual federal spending in FY 1960 stated in constant 2005 dollars and then expanded at a rate of 3.25% per year to account for population and productivity growth. See the red line? That actual federal spending over the past 50+ years stated in constant 2005 dollars. See the blue line? That's actual federal revenue over the past 50+ years stated in constant 2005 dollars. See how the blue line goes completely kerflooey once George W Bush arrives on the scene? THAT'S where our problems lie.

You are so right, we need a massive central govt that spends 3.8 trillion dollars a year, has record numbers on food stamps, 23 million unemployed/under employed/discouraged, 40 plus million below the poverty level all to keep liberals in power. You are right, we don't have a spending problem, we need fewer rich people to pay for that 3.8 trillion dollar budget.

Liberal arrogance on full display, higher taxes, lower economic growth, and high unemployment! You must be so proud.

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Whipsnade said:
Show me how Social Security is contributing to our national debt. I admit Medicare needs our attention. Preferably by replacing it with national healthcare for ALL OF OUR CITIZENS.eace

Right, we totally understand how effecient the Federal Govt. is by knowing that every Federal Program cost what it was supposed to cost, did what it was supposed to do, and solved every social problem. Had SS and Medicare been left off budget as it was intended there would be enough money today to fund retirees and future retirees but since SS and Medicare money has been spent on everything other than SS and Medicare there aren't enough workers or money today to meet obligations.

Did you ever find that 600 billion a year that the rich are paying in taxes? Let me know when you figure out that people keeping more of what they earn aren't an expense to the govt?

Donc · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative;1061373802 Had SS and Medicare been left off budget as it was intended there would be enough money today to fund retirees and future retirees but since SS and Medicare money has been spent on everything other than SS and Medicare there aren't enough workers or money today to meet obligations. ?[/QUOTE said:
There still is plenty of money to pay for SS, it’s just in interest bearing bonds held by the Gov.Would you feel better if our Gov borrowed the money to pay SS from China?:shock:

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Whipsnade said:
There still is plenty of money to pay for SS, it’s just in interest bearing bonds held by the Gov.Would you feel better if our Gov borrowed the money to pay SS from China?:shock:

Where exactly does the money come from to pay for those interest bearing bonds? You simply don't have a clue.

Donc · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
Where exactly does the money come from to pay for those interest bearing bonds? You simply don't have a clue.

The same place that it comes from to to pay for the $3.4 trillion loss of our revenue because of the Wars, bush tax cuts and prescription drug plan. Didn't you learn anything about "cause and effect" in school?

Conservative · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Whipsnade said:
The same place that it comes from to to pay for the $3.4 trillion loss of our revenue because of the Wars, bush tax cuts and prescription drug plan. Didn't you learn anything about "cause and effect" in school?

You didn't answer the question, where does the money come from to pay the bonds? Just take 600 billion a year from the rich?

Donc · Jan 20, 2013

Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

Conservative said:
You didn't answer the question, where does the money come from to pay the bonds? Just take 600 billion a year from the rich?

Reading comprehensions not your strong point eh?

The same place that it comes from to to pay for the $3.4 trillion loss of our revenue because of the Wars

, bush tax cuts and prescription drug plan. Didn't you learn anything about "cause and effect" in school?