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Thread: CBO report: Debt will rise to 90% of GDP

  1. #21
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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Councilman View Post
    Brace yourselves the worst yet to come and it's going to absolutely the last vestiges of our economy because that is Obama's goal as laid out by the Cloward & Pevin Strategy.

    Obama promise of fundamental change can't take place until he destroys the Nations economy so he can replace our whole system with Socialism/Marxism.

    His every move has been in that direction and liberals have their collective heads so up the shoot they don't see it.

    One can never have 20 20 hindsight until you pull your head out of ones ass.

    Those who stand for nothing fall for anything. Or put another way are Obamanites.
    ... and if it turns out Obama wasn't plotting a socialist takeover after all, I'm sure you are honorable enough to apologize to the people you claim are too stupid not to recognize it.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Councilman View Post
    Brace yourselves the worst yet to come and it's going to absolutely the last vestiges of our economy because that is Obama's goal as laid out by the Cloward & Pevin Strategy.

    Obama promise of fundamental change can't take place until he destroys the Nations economy so he can replace our whole system with Socialism/Marxism.

    His every move has been in that direction and liberals have their collective heads so up the shoot they don't see it.

    One can never have 20 20 hindsight until you pull your head out of ones ass.

    Those who stand for nothing fall for anything. Or put another way are Obamanites.
    ZOMG ARE YOU SERIOUS?!?!?? "Help! Help! The sky is falling! I have to go tell the king!" "Oh, help! The sky is falling!" "I saw it with my own eyes, and heard it with my own ears, and part of it fell on my head!"

    Umm, our corpracongress will never allow it, go back to bed Chicken Little

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by NoJingoLingo View Post
    ZOMG ARE YOU SERIOUS?!?!?? "Help! Help! The sky is falling! I have to go tell the king!" "Oh, help! The sky is falling!" "I saw it with my own eyes, and heard it with my own ears, and part of it fell on my head!"

    Umm, our corpracongress will never allow it, go back to bed Chicken Little
    Obama doesn't care one iota that the economy is in the crapper. That is by design.

    You rip it to shreds, then build it back like you want to. Just like Lenin said, you control their healthcare, you control everything.

    Obama is laying the foundation like a true martyr. He may be a one-termer, but he doesn't care. Get his ideology woven into the fabric, then let it spread virally like it did in Europe.

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by donsutherland1 View Post
    Apparently, the 'increased tax burden' results from the closing of a loophole under which taxpayers were providing a subsidy to the companies and then the companies were treating that subsidy (a tax-free income stream) as an expense for tax purposes.

    From CNBC:

    These announcements followed statements from manufacturers Deere and Caterpillar , which said on Thursday that they are expecting a combined $250 million in charges this year as a result of changes to the $2.5 trillion U.S. health care system.

    They can no longer deduct from their taxes the subsidies paid by the federal government for retiree drug benefits.

    News Headlines

    To illustrate what was happening, the following are the cases of two scenarios (using hypothetical numbers for illustrative purposes):

    Scenario 1: What will be required under the new law
    Annual health costs for retirees: $1,000,000
    The company pays $800,000 of those costs; the federal government provides a subsidy for the remaining $200,000
    The company has a tax rate of 20%

    The company's net after-tax health expenses for its retirees is: $640,000 calculated as follows:

    Company's payment: $800,000 less the tax benefit (20% * 800,000) = $640,000

    Scenario 2: What was going on
    Annual health costs for retirees: $1,000,000
    The company pays $800,000 of those costs; the federal government provides a subsidy for the remaining $200,000
    The company has a tax rate of 20%

    The company's net after-tax health expenses for its retirees is: $600,000 calculated as follows:

    Company's payment: $800,000 less:
    [the tax benefit from deducting its expense (20% * 800,000) + treating the federal subsidy as an expense for tax purposes (20% * 200,000)] = 600,000

    Under the latter scenario, taxpayers were not only paying $200,000 of the company's health costs via the tax-free subsidy, they were being forced to pay an extra $40,000 afterward, because the company was treating the subsidy as its own expense when, in fact, it was the taxpayers not the company who were actually incurring the expense.
    So the govt was taxing the subsidy and the company was deducting the tax?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Goldenboy219 View Post
    After it eclipses 100% will you see a serious spike in treasury yields. Either via coupon or face value.
    Gold is the only safe bet. Obama killed the U.S. Dollar..

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by NoJingoLingo View Post
    ZOMG ARE YOU SERIOUS?!?!?? "Help! Help! The sky is falling! I have to go tell the king!" "Oh, help! The sky is falling!" "I saw it with my own eyes, and heard it with my own ears, and part of it fell on my head!"

    Umm, our corpracongress will never allow it, go back to bed Chicken Little
    You and Obama both, Rush Limbaugh predicted the following:
    Obama is now going to use -- are you rolling? Okay, take two. Obama is now going to use his deceit and his propaganda skills to claim that the dire problems from his plan have not been realized. He's going to go out starting tomorrow in Iowa City and all next week when he goes out to sell this embarrassing piece of legislation, and he's going to say, "Where's all the sob stories? Where are all the dire problems? Has anybody pulled the plug on Granny?" He's going to go out and all of these fearmongering scare tactics supposedly made up by people like me are going to be held up as just that, nobody's pulled the plug on Granny or any of that.
    It's funny how predictable Liberals are, especially when it comes to deceit and the media. Everyone knows the negative implications of Obama's health care agenda won't begin immediately. The problems will slowly be started over the next several years. By 2014, it'll be realized how bad ObamaCare really is, and by then it will be too late.

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by American View Post
    So the govt was taxing the subsidy and the company was deducting the tax?
    No. The government was providing the subsidy and the company was deducting the subsidy as part of its expenses.

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Erod View Post
    Obama doesn't care one iota that the economy is in the crapper. That is by design.

    You rip it to shreds, then build it back like you want to. Just like Lenin said, you control their healthcare, you control everything.

    Obama is laying the foundation like a true martyr. He may be a one-termer, but he doesn't care. Get his ideology woven into the fabric, then let it spread virally like it did in Europe.
    Another chicken little... got any proof or are you running on full conspiracy fumes?

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Politics101 View Post
    You and Obama both, Rush Limbaugh predicted the following:


    It's funny how predictable Liberals are, especially when it comes to deceit and the media. Everyone knows the negative implications of Obama's health care agenda won't begin immediately. The problems will slowly be started over the next several years. By 2014, it'll be realized how bad ObamaCare really is, and by then it will be too late.
    Oh, I didn't know your messiah had made such an obvious prophecy. Let's ask him if the sun will rise tomorrow too.

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    Re: CBO report: Debt will rise to 90% of GDP

    Quote Originally Posted by Morality Games View Post
    ... and if it turns out Obama wasn't plotting a socialist takeover after all, I'm sure you are honorable enough to apologize to the people you claim are too stupid not to recognize it.
    I don't know how you can even say this, with all that has been going on.

    Either your totally ignorant of the last 2 years or your truly blind. Maybe both.

    The only thing Obama is going to turn out to be is a socialist who tore America apart to rebuild it. It's happening right now before our very eyes.

    How is it you don't see it again?

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