Page 10 of 13 FirstFirst ... 89101112 ... LastLast
Results 91 to 100 of 123

Thread: US debt jumps a record $328 Billion

  1. #91
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Yesterday @ 09:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    51,803

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Conservative View Post
    That is your opinion, mine differs but then mine is based upon civics and the understanding of leadership. The House did their job and Obama refused to negotiate and that is what shutdown the govt, basic civics 101. The qualities of leadership encompasses bringing the two opposite sides together and not giving campaign speeches demonizing the other side. There is no reason that ACA shouldn't be delayed for a year and that Congress be subjected to the same law and forced onto the law they created. We apparently are going to see a delay in implementation which would have prevented the shutdown. Now the American people can see exactly what a disaster Obama's ACA is
    Meanwhile, in reality land,
    1) the Democrats agreed to the GOP's spending levels months ago. The GOP went back on their deal.
    2) The GOP did nothing but demonize.
    3) Congress is not exempt. They must participate in the exchange.
    4) There actually is a good reason the individual mandate shouldn't be delayed: the mandate is a core provision to help offset the cost of all those people with pre-existing conditions signing up for insurance. Delaying it without also re-dumping everyone with a pre-existing condition would endanger the insurance industry.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  2. #92
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Yesterday @ 05:56 PM
    Gender
    Lean
    Libertarian
    Posts
    14,033

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    Meanwhile, in reality land,
    1) the Democrats agreed to the GOP's spending levels months ago. The GOP went back on their deal.
    2) The GOP did nothing but demonize.
    3) Congress is not exempt. They must participate in the exchange.
    4) There actually is a good reason the individual mandate shouldn't be delayed: the mandate is a core provision to help offset the cost of all those people with pre-existing conditions signing up for insurance. Delaying it without also re-dumping everyone with a pre-existing condition would endanger the insurance industry.
    Show me where the Senate agreed to the House budget.

  3. #93
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Yesterday @ 09:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    51,803

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    And plenty werent. The Treasury had enough revenue coming in to pay for what was still authorized.
    No, it did not. Not even close. Day to day revenue barely covers mandatory spending items. Discretionary spending would have to get axed almost entirely. This includes:

    -Roughly 90% of the DOD budget. Yes, we'd have to cut 90% of our military spending.
    -NASA. All of it.
    -Air Traffic Control
    -The EPA
    -Veterans affairs

    And so on. None of these programs would function.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  4. #94
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Yesterday @ 09:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    51,803

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    Show me where the Senate agreed to the House budget.
    Page 2: 'This Week' Transcript: House Speaker John Boehner - ABC News
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  5. #95
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Yesterday @ 04:39 PM
    Gender
    Lean
    Conservative
    Posts
    16,690

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    No, it did not. Not even close. Day to day revenue barely covers mandatory spending items. Discretionary spending would have to get axed almost entirely. This includes:

    -Roughly 90% of the DOD budget. Yes, we'd have to cut 90% of our military spending.
    -NASA. All of it.
    -Air Traffic Control
    -The EPA
    -Veterans affairs

    And so on. None of these programs would function.

    The big two mandatory spending programs (Social Secuirty and Medicare) already have dedicated revenue streams that fund them. Most other revenue streams would go to discretionary spending.

    The only mandatory spending that doesn't have a tax directly dedicated to it's funding is the service of the national debt... and if you feel some angst about that cost coming out of discretionary funding then WAKE THE F*CK UP and join us in the real world.

  6. #96
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Yesterday @ 04:39 PM
    Gender
    Lean
    Conservative
    Posts
    16,690

    Re: US debt jumps a record $328 Billion


    That isn't a budget, Deuce. But I think you know that.

  7. #97
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    Meanwhile, in reality land,
    1) the Democrats agreed to the GOP's spending levels months ago. The GOP went back on their deal.
    2) The GOP did nothing but demonize.
    3) Congress is not exempt. They must participate in the exchange.
    4) There actually is a good reason the individual mandate shouldn't be delayed: the mandate is a core provision to help offset the cost of all those people with pre-existing conditions signing up for insurance. Delaying it without also re-dumping everyone with a pre-existing condition would endanger the insurance industry.
    If there was a spending bill approved months ago then there wouldn't have been a shutdown. None of this negates the lack of leadership on the part of Obama and Reid who as long as they remain in power will have a divisive govt.

    The GOP spoke the will of the people since 38% approve of the ACA and the only power the GOP house has is to defund it. When that wasn't going to happen they proposed a one year exemption which looks like was the right thing to do.

    Congress is not forced on ACA, they have a choice

    Have you paid any attention to the role out and the website problems? The Federal Govt had three years to create a website to handle the issue and what we see today is typical govt. inefficiencies so imagine the implementation if it is this difficult to role out? Apparently the cost of failure isn't a problem for liberals.

    You want badly to believe what Obama tells you yet have not offered one economic prediction or policy that has done exactly what it was promised to do. I grew up a Democrat but apparently not today's Democrat because I don't understand how people like you can continue to support this incompetence?

  8. #98
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    No, it did not. Not even close. Day to day revenue barely covers mandatory spending items. Discretionary spending would have to get axed almost entirely. This includes:

    -Roughly 90% of the DOD budget. Yes, we'd have to cut 90% of our military spending.
    -NASA. All of it.
    -Air Traffic Control
    -The EPA
    -Veterans affairs

    And so on. None of these programs would function.
    So let me see if I have this right, you believe the 680 billion dollar expense budget is payable immediately and not monthly? You buy what this administration tells you and ignores reality. That doesn't help your credibility. There is plenty of money coming in monthly to pay mandatory spending which in my book is debt service, SS, Medicare, VA benefits, and military salaries. The rest should be shoveled back to the states where they belong.

  9. #99
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Yesterday @ 04:39 PM
    Gender
    Lean
    Conservative
    Posts
    16,690

    Re: US debt jumps a record $328 Billion

    On a related note, take a look at the CBO predictions for the next 11 years:

    2012
    Mandatory - $2,031b
    Discretionary - $1,285b
    Net Interest - $220b

    2023
    Mandatory - $3,617b (+78%)
    Discretionary - $1,415b (+10%)
    Net Interest - $823b (+274%)


    They have US deficit in 2013 running about $850 billion, but their assumption is that discretionary spending will only grow at 1% annually rate. So anyone hear believe that congress will only grow discretionary spending by 1% annually? Yeah, me either. One this is for sure, that debt is going to kill us.

  10. #100
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:52 AM
    Gender
    Lean
    Independent
    Posts
    16,257

    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    I stand by it. Had the recession not hit, and everything else being equal, the budget would have balanced in fy2008.
    Well, you are not in a position to offer such expertise; it's subjective conjecture on your part.

    The recession did hit! No need to regulate private mortgage securitization.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

Page 10 of 13 FirstFirst ... 89101112 ... 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
  •