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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Fenton View Post
    He did ? Let me guess, your'e dishonestly attributing 100 percent of the FY2009 budget to Bush.

    Even though it wasn't passed until October 2008, even though Obama signed 9 out of the 12 spending appropriations bills contained in it. In a budget that was put forward by Nancy Pelosi.

    In a budget that Bush publicly threatened to Veto the massive spending increases that were contained in it.

    Talk about being partisan.
    Actually the 2009 fiscal year budget wasn't passed and signed until March 2009 and Obama's team knew that his base would blame the entire budget deficit on Bush which has turned out to be true. Guess in the liberal world when you sign your name on any budget it still belongs to the previous individual. Wonder how that works in real life?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Fenton View Post
    Reagan reduced spending as a percentage of GDP.

    Reagan's Presidency produced positive economic results and lifted this Country out of a malaise both economically and morally.

    Obamas presidency has only produced more mediocrity and struggle.
    Lol, morally, what a crock that is. Reagan increased the national debt by 186%!!!!!! Stick that in your pipe and smoke it. Better yet, condemn ALL public debt and not just when a democratic president contributes to it and earn some respect.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    So does it cost the taxpayers more money to fund a 1.7 trillion dollar debt or 7.6 trillion debt?
    Are you aware of what 2 trillion 1983 dollars are in today's money? It's like the 1968 minimum wage adjusted for inflation would be over ten dollars an hour today, so the MW has effectively gone down, and the republicans are fine with that, but don't touch the gawd damn Pentagon budget, not that republican sacred cow.
    Last edited by Montecresto; 02-04-15 at 09:29 PM.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    Lol, morally, what a crock that is. Reagan increased the national debt by 186%!!!!!! Stick that in your pipe and smoke it. Better yet, condemn ALL public debt and not just when a democratic president contributes to it and earn some respect.
    Stop making a fool of yourself and distorting the record. What exactly did we get for the 1.7 trillion dollars Reagan added the debt vs. what we got form the 7.6 trillion Obama has added. Think. By the way do you understand public debt vs. total debt? You really don't understand debt and debt service, do you? Please tell me how a 186% increase in debt affected the taxpayers and then how the 70% increase in debt also affected the taxpayers?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Stop making a fool of yourself and distorting the record. What exactly did we get for the 1.7 trillion dollars Reagan added the debt vs. what we got form the 7.6 trillion Obama has added. Think. By the way do you understand public debt vs. total debt? You really don't understand debt and debt service, do you? Please tell me how a 186% increase in debt affected the taxpayers and then how the 70% increase in debt also affected the taxpayers?
    That's just it, it has little effect on the tax payers, ITS DEBT. Had Reagan raised taxes to cover his spending, a much more logical approach, then tax payers would have been affected. As it is, for years now, the government (not just Obama's) services the interest on the ND. Nobodies paying down on it. But have fun trying to blame the increasing ND all on democratic presidents.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    That's just it, it has little effect on the tax payers, ITS DEBT. Had Reagan raised taxes to cover his spending, a much more logical approach, then tax payers would have been affected. As it is, for years now, the government (not just Obama's) services the interest on the ND. Nobodies paying down on it. But have fun trying to blame the increasing ND all on democratic presidents.
    President Reagan won the largest landslide victory in 1984 in Modern history so don't you think you might just be wrong about the tax increases?

    How old were you then? I was in my upper 30's. I find it interesting that many try to compare the 1.7 trillion dollar Reagan debt to the 7.6 trillion dollar Obama debt but ignore debt service isn't inflation adjusted and even if it were the debt for 8 years would be about 3.3 trillion today still much less than the 7.6 trillion of Obama's and the results couldn't be much further apart.

    You are right though, people ignore debt service which today is about 250 billion dollars a year, the fourth largest budget item and rising. when interest rates return to more normal range that debt service will be near the number one budget item

    By the way, I grew up a Democrat but that party left me. Please don't go there on debt because Obama alone has added more debt in 6 years than Reagan, GHW Bush, and GW Bush combined

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    Are you aware of what 2 trillion 1983 dollars are in today's money? It's like the 1968 minimum wage adjusted for inflation would be over ten dollars an hour today, so the MW has effectively gone down, and the republicans are fine with that, but don't touch the gawd damn Pentagon budget, not that republican sacred cow.
    The debt service paid on that 1.7 trillion dollar debt isn't inflation adjusted, it is real dollars, but if you want to adjust the debt to today's dollars you will find it amounts to about 3.3 trillion dollars in 8 years and the question is what did we get for it? 17 million jobs, doubling GDP.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    President Reagan won the largest landslide victory in 1984 in Modern history so don't you think you might just be wrong about the tax increases?

    How old were you then? I was in my upper 30's. I find it interesting that many try to compare the 1.7 trillion dollar Reagan debt to the 7.6 trillion dollar Obama debt but ignore debt service isn't inflation adjusted and even if it were the debt for 8 years would be about 3.3 trillion today still much less than the 7.6 trillion of Obama's and the results couldn't be much further apart.

    You are right though, people ignore debt service which today is about 250 billion dollars a year, the fourth largest budget item and rising. when interest rates return to more normal range that debt service will be near the number one budget item

    By the way, I grew up a Democrat but that party left me. Please don't go there on debt because Obama alone has added more debt in 6 years than Reagan, GHW Bush, and GW Bush combined
    Reagan's ND contribution adjusted for inflation in today's dollars would be closer to five trillion. And Bush presided over one of the largest increases in the size of government in history. Do you ever tire of blaming all Americas ills on one party? Not to worry, its a rhetorical question.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    President Reagan won the largest landslide victory in 1984 in Modern history so don't you think you might just be wrong about the tax increases?

    How old were you then? I was in my upper 30's. I find it interesting that many try to compare the 1.7 trillion dollar Reagan debt to the 7.6 trillion dollar Obama debt but ignore debt service isn't inflation adjusted and even if it were the debt for 8 years would be about 3.3 trillion today still much less than the 7.6 trillion of Obama's and the results couldn't be much further apart.

    You are right though, people ignore debt service which today is about 250 billion dollars a year, the fourth largest budget item and rising. when interest rates return to more normal range that debt service will be near the number one budget item

    By the way, I grew up a Democrat but that party left me. Please don't go there on debt because Obama alone has added more debt in 6 years than Reagan, GHW Bush, and GW Bush combined
    Reagan added 1.8, GHWBUSH added 1.5 and GWBush added 5, which is more than Obama, and the percentage that Reagan added to the ND dwarfs Obama's. You should want to see no ND, rather than no accumulation by democratic presidents alone.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    Reagan added 1.8, GHWBUSH added 1.5 and GWBush added 5, which is more than Obama, and the percentage that Reagan added to the ND dwarfs Obama's. You should want to see no ND, rather than no accumulation by democratic presidents alone.
    Reagan was in office 8 years, Bush 4, and GW 8, Obama's debt dwarfs them all and will far and away exceed their combined total at the end of his term. percentage change means absolutely nothing except to people who don't understand debt service

    GW Bush 4.9
    GHW 1.2
    Reagan 1.7

    Total 7.8

    Obama 7.6 trillion in 6 yrs

    Isn't it about time to stop trying to defend the indefensible?

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