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Thread: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by UtahBill View Post
    If you want such comments to stop, try rewording your own posts.....
    My post wasn't directed to you.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Ok, I have no problem with that, the point is where has the money gone? Obama deficits are almost 3 trillion in 2 years. Some of that deficit was TARP and much of TARP has been repaid. What did Obama do with the money?
    You seem to be sitting on some sensitive information. By all means, do enlighten us all.
    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: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Ok, I have no problem with that, the point is where has the money gone? Obama deficits are almost 3 trillion in 2 years. Some of that deficit was TARP and much of TARP has been repaid. What did Obama do with the money?
    Stealfromus package, mosque reconstruction, billions sent to the Palestinian Authority, Cash for Clunkers, the Omnibus bills, $200 billion trips to India, Michelle's vacations to Spain; and that's just for starters.

    There's no telling how much it cost to get Obamacare passed. Printing costs, alone, probably ran into the millions.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by apdst View Post
    Stealfromus package, mosque reconstruction, billions sent to the Palestinian Authority, Cash for Clunkers, the Omnibus bills, $200 billion trips to India, Michelle's vacations to Spain; and that's just for starters.

    There's no telling how much it cost to get Obamacare passed. Printing costs, alone, probably ran into the millions.
    Well what do you expect from a Community Organizer? Results matter in the "Big Leagues" not so with a Community Organizer.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    They took the risk, risk that you wouldn't take so why shouldn't they keep what they earned? How does that hurt you? Looks to me like you want to pick and choose what someone else makes, why? What gives you that right?
    What risk are they taking, they use computers to do their trading?

    How Speed Traders Are Changing Wall Street - 60 Minutes - CBS News

    (CBS) It may surprise you to learn that most of the stock trades in the U.S. are no longer being made by human beings, but by robot computers capable of buying and selling thousands of different securities in the time it takes you to blink an eye.

    These supercomputers - which actually decide which stocks to buy and sell - are operating on highly secret instructions programmed into them by math wizards who may or may not know anything about the value of the companies that are being traded.


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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by pbrauer View Post
    What risk are they taking, they use computers to do their trading?

    How Speed Traders Are Changing Wall Street - 60 Minutes - CBS News
    So what? You jealous? How is that hurting you or your family? Do you realize they pay taxes on what they earn? Why the class envy?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by apdst View Post
    Stealfromus package, mosque reconstruction, billions sent to the Palestinian Authority, Cash for Clunkers, the Omnibus bills, $200 billion trips to India, Michelle's vacations to Spain; and that's just for starters.

    There's no telling how much it cost to get Obamacare passed. Printing costs, alone, probably ran into the millions.
    Yeah **** eh, ain't these people ever heard of an i-Pad?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Well what do you expect from a Community Organizer? Results matter in the "Big Leagues" not so with a Community Organizer.
    Results matter with a community organizer; just different kinds of results. To a community organizer, entitlements = profit.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Erod View Post
    No, military power is sacred, not spending. We don't want to cut the military (as liberals do), but we are all for controlling costs and looking for economic efficiencies as long as the mission remains the same.

    There's a HUGE difference between spending on useless politically generated entitlements and the cost of having and continually developing the best military in the world.
    if it's the "best in the world" how come we have 16 million illegals that just walked across?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Grow the economy and the numbers increase. BEA.gov will give you the breakdown of revenue and expenses as they were spent, so does the U.S. Treasury site. The numbers I gave you came from bea.gov because captures history in a form that even you can understand. Go to bea.gov, go to Gross Domestic Product, click on most frequently requested tables and go to revenue and expense. You will learn a lot there.
    Well, thanks for proving my point. Your tax receipt numbers were way off. From your site, which I also use a lot, that's why I was questioning your receipts by year by the way. Guess you just can't learn a lot.

    U.S. Department of Commerce. Bureau of Economic Analysis

    Federal Tax Receipts by year:
    2000 - $2.085 Billion
    2001 - $2.048 Billion
    2002 - $1.885 Billion
    2003 - $1.907 Billion
    2004 - $2.039 Billion
    2005 - $2.315 Billion
    2006 - $2.552 Billion
    2007 - $2.681 Billion
    2008 - $2.531 Billion
    2009 - $2.227 Billion

    These numbers are nowhere near where you had posted previously. And less than is expected for 2011 by the way ($2.589 Billion).

    There is no historical evidence that reduced taxes increases net revenues from tax receipts. Even a conservative foundation admits this:

    The Tax Foundation - Five Myths about the Bush Tax Cuts

    Myth on the Right: The Bush tax cuts caused revenues to go up.
    Republican spokespeople and other tax-cut enthusiasts have asserted that the tax cuts passed in 2001 and 2003 actually increased revenue. They often point to rising revenues from 2004 through 2007 following the tax cuts in May 2003. Unfortunately, as any Economics 101 student will tell you, correlation doesn't prove causation. Yes, revenue did rise, but we have to answer the question: Would it have risen anyway?

    We can never be absolutely sure how the economy would have reacted if the tax cut legislation had failed for some reason in 2001 and 2003, but the consensus among experts is that the economy would have grown in the mid-2000s with or without the Bush tax cuts. That doesn't mean the tax cuts had no feedback effect at allópeople reported more taxable income than they would haveóbut those beneficial effects were not so great that the tax cuts could have "paid for themselves."

    The most damaging result of this myth is that Republican lawmakers feel less pressure to propose spending cuts. Why bother when cutting a tax rate will raise more revenue?
    Not really, VA is about 100 billion a year, Defense should be about 750 billion aa year, Justice should be about 50 billion a year. The total expenses of what the Constitution requires is about 1.8 billion dollars.
    We also have to pay interest on our current debt, so you need to add another $250 Billion or so.

    So, you think Social Security, Medicaire and Medicaid should not be government programs? If so, fine, but the states will have to fund them then so federal taxes will go down but state taxes will go up, a lot if they are to be funded properly.

    Please name for me one projection or prediction that Obama Wh has made that has beena accurate. I will take the Treasury data any day, that is the bank account of the nation
    That's fine, but as I proved above you are using the wrong numbers.

    We have a law on the books called unfunded mandates. The states get help from the Federal Govt. on mandated programs by the Federal Govt. Many states are going to opt out of Medicaid if the Federal Govt. keeps sending down mandates without the money to fund them long term.
    What are you trying to point out here? I've said above that Medicaid outlays by the federal government are not being properly funded. So, I guess we agree.

    Right, but it is funded by your withholding taxes as a line item on your paystub. That money goes to the state not the Federal govt.
    Again, you are reiterating my points from previous posts. The Federal government does pay into Medicaid programs, but does not have the related revenue from tax receipts to fund those payments.

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