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Thread: Obama vows to cut huge deficit in half

  1. #91
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    Re: Obama vows to cut huge deficit in half

    [QUOTE]
    Quote Originally Posted by WillRockwell View Post
    nice bumper sticker...is that the extent of your knowledge?
    LOL.
    So you believe the Miss Amerika tripe?

    It's called a deficit. Didn't Reagan teach you that deficits don't matter?
    Ah... Regan showed conservatism worked, that tax cuts raise all boats to use a line from JFK (R-MA), and they increase government revenues. This has been documented as far back as the ancient Persians who said:
    "When taxes were low revenues were high and when taxes were high, revenues were low."

    The problem during Reagan's time was Democrat Congress. The spent like the drunkards they are.

    YouTube - Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13
    Bush spent it. That was the 2 trillion dollar surplus he started his regime with back in 2001. Conservative economics made it disappear quick Only government will take the responsibility to insure the poorest citizens are able to support their family.
    Ten Myths About Budget Deficits and Debt
    MYTH #3: The 2001 and 2003 tax cuts cancelled out the $5.6 trillion projected 10-year budget surplus.

    Fact: Those budget surplus estimates were based on unrealistic estimates.

    Many taxpayers have wondered what happened to the projected $5.6 trillion 2002–2011 budget surplus that the Congressional Budget Office (CBO) famously projected in January 2001. A popular mis*perception claims that the 2001 and 2003 tax cuts cancelled out the majority of this surplus.[4]

    In reality, this surplus projection was wildly unrealistic, as both the revenues and spending esti*mates were way off base.


    There is no such thing as a simple flat tax. In the case of a small business owner, just defining where income begins is a complex issue
    Anything is better than the mess we have. Just look at your party! Their most brilliant members, those who were nominated for Cabinet positions couldn't figure out how to "pay their fair share"! LOL.

    short-sighted Libertarian philosophy, which if actually practiced would eliminate roads, public services, Social Security, Medicare, education......
    Get rid of public services run by the government, social security isn't solvent it's a National Bernie Madoff Ponzi Scheme that makes Madoff's look like chicken feed, and Medicare is the PERFECT example why government should aggressively remove itself from social engineering.

    There is nothing in the Constitution that says government should be in the business of creating a collective, subsidizing losers, and social engineering.
    Last edited by zimmer; 02-24-09 at 11:03 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  2. #92
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by danarhea View Post
    I would rather see steady growth of half a percent to one percent per year with no cycles of boom and bust, which are caused by government intervention in the markets.
    You do realize that would not even keep up with labor market growth.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  3. #93
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    Re: Obama vows to cut huge deficit in half

    [QUOTE=zimmer;1057937427]
    LOL.
    Get rid of public services run by the government, social security isn't solvent it's a National Bernie Madoff Ponzi Scheme that makes Madoff's look like chicken feed, and Medicare is the PERFECT example why government should aggressively remove itself from social engineering.
    Right, and who will oversee our roads and bridges? Disney? Halliburton?
    Social Security works. When it approaches its limits Congress fixes it. Yet Republicans will never get over the fact that it was a Democratic administration which engineered the most successful retirement program in history.

    I know that Libertarians (which you seem to be, despite your claim of Conservatism) believe in "every man for himself", that the weak should quietly die off and private enterprise should run the country. There are countries that approach the Libertarian ideal, Somalia comes to mind, but America was founded on the principals of fairness and equal rights, so your dog eat dog utopia will have to flourish somewhere else.
    Last edited by WillRockwell; 02-24-09 at 11:09 AM.

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    Re: Obama vows to cut huge deficit in half

    [QUOTE=WillRockwell;1057937437]
    Quote Originally Posted by zimmer View Post

    Right, and who will oversee our roads and bridges? Disney? Halliburton?
    Social Security works. When it approaches its limits Congress fixes it. Yet Republicans will never get over the fact that it was a Democratic administration which engineered the most successful retirement program in history.
    I like Halliburton. Great company doing tough jobs well.

    Madoff's Ponzi Scheme worked for a while too. Then reality set in.

    Social security doesn't work. Look at their predictions, look at how many people paid in for each recipient and look at who got what at the start without putting any skin in the game.

    The program was successful as a political weapon for Democrats. That's what it was designed for, and that's how it is used.

    What is it about Socialists that they don't understand "freedom". Freedom of government intrusion in our lives. I don't want 500 pinheads telling me how I should live and where I should put my money. It's none of their ****ing business.

    But we have the modern Amerikan. Who thinks the Constitution is toilet paper, our lives are for government to shape; our lives and property being theirs to control.

    At least when the country was founded it was based on individual freedoms. Look at the great progress we've made... towards Marx and Lenin.

    Social Security is a massive Ponzi Scheme left for future generations to dig out of. Bush tried to get a small percent (2%?) into private hands... but the Dems said... No, no, no. Don't touch OUR money.

    Roads? States and Feds can do it, but beyond some infrastructure projects too big for states or private companies, the military and its associates Depts., government could get out the Mommy Dearest role.

    Private companies could also manage the roads for profit.

    We'd all be the better for it.
    Last edited by zimmer; 02-24-09 at 11:20 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by zimmer View Post

    Social security doesn't work. Look at their predictions, look at how many people paid in for each recipient and look at who got what at the start without putting any skin in the game.
    If nothing is done, Social Security will be fully solvent through 2042. That means worst case scenario, the program will have been fully solvent for around 110 years since its start.

    Please provide an example of any large trust in the private sector, in the history of civilization, anywhere on earth, that has been solvent and successful for that long.
    Last edited by SouthernDemocrat; 02-24-09 at 11:26 AM.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by zimmer View Post
    Social security doesn't work. Look at their predictions, look at how many people paid in for each recipient and look at who got what at the start without putting any skin in the game.
    Never mind that we do not have a choice, but to pay into SocSec.
    I guess the part of choice only believes in choice when its a choice they want to let you make.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Goobieman View Post
    Never mind that we do not have a choice, but to pay into SocSec.
    I guess the part of choice only believes in choice when its a choice they want to let you make.
    When you reach 65, you will appreciate having to pay into SS

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by WillRockwell View Post
    When you reach 65, you will appreciate having to pay into SS
    Actually, what I would REALLY appreciate is having the choice to pay into SocSec, so that when I turn 65, I would have a much better return on that $.

    But, that's a choice the party of choice won't let me have, and a choice the party of choice is more than happy to make for me.

    I wonder if that will “change”.
    Last edited by Goobieman; 02-24-09 at 12:04 PM.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by WillRockwell View Post
    When you reach 65, you will appreciate having to pay into SS
    More like, when i reach 65, the federal gov will appreciate my paying into the system.
    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

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by WillRockwell View Post
    When you reach 65, you will appreciate having to pay into SS
    Oh, and just so you know...
    My parents appreciate all the money you are giving them.
    Hopefully, my kids wont have to give any of theirs to you.

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