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Thread: Obama aide: Debt limit fight could be "catastrophic"

  1. #61
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by j-mac View Post
    I have never been dishonest about my beliefs have I now...Don't you wish you could say the same?


    j-mac
    believe what you like j, i believe that you can't think outside the box and that the prospect of having to examine your beliefs terrifies you, easier to just keep your head in the sand.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by randel View Post
    believe what you like j, i believe that you can't think outside the box and that the prospect of having to examine your beliefs terrifies you, easier to just keep your head in the sand.

    Oh that is such bull shat, and you know it. I have not only formally debated on the liberal side, but hold some beliefs that are staunchly defended opposingly by conservatives, like on the Gay Marriage issue. No, see the real problem here is that you have been outed, and can't handle that the side of the debate you have now chosen to defend is a losing propisition. Historically, you can not defend that for all of liberal utopian blather, it has never worked out the way they envision it would. And when confronted with that, the response is usually that they haven't been allowed to do enough of it....Well, let me tell you Stallin did enough of it, and Millions died, Mao did enough of it, and Millions died...How many would you like your liberal ideals to kill?


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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by dontworrybehappy View Post
    And the unsustainable path we are on will continue. Republicans could have been the ones who stood up and said no to this, but no, they keep it going.

    This country is in need of a major surgical procedure we can ironically call "cuts." You can put them off for a little while, but you have to do the surgery or we will die as a nation. I'd rather the surgery sooner rather than later, but it seems that according to the left, it's "acting like an adult" to continue to put off this surgery. Well if that's the case, i'm proud to be childish.
    If you want to cut the budget, then you elect a Congress and a president that will cut the budget. You don't vote to default on our obligations.
    Last edited by Kandahar; 01-03-11 at 08:43 PM.
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Expenses

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Medicare 451.6
    Income Security 624
    Social Security 706.7
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9


    Total 3537.6
    Given that social security and medicare are covered through payroll taxes and are generally well funded currently you really cant cut from those


    These leaves 2.4 trillion dollars in spending that can be cut to meet a 1.4 trillion dollar deficit. That math means $1 trillion dollars in spending from the following programs

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Income Security 624
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9

    I cant see defence not getting at least a 20 % cut, while programs like income security and health would have to see at least 50% in cuts.
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Conservative View Post
    Tax cuts don't cause deficits except in your own mind.
    This is a perfect example of the infantile views I'm talking about...the idea that you can get something for nothing. If cutting taxes actually increased revenue, then why would conservatives even care about spending? We could just cut taxes to pay for all the spending we wanted.

    Quote Originally Posted by Conservative
    What is costing the govt. money now are the additional 4 million unemployed that Obama has helped create with his stimulus plan.
    Would you care to explain how you imagine a stimulus INCREASES unemployment?

    Quote Originally Posted by Conservative
    Why liberals are against keeping more of what they earn is beyond me. It isn't the government's money, it belongs to the people that earned it.
    Regardless of whose money it is, the fact is that the tax cuts are in place and it's a lot of money that the government does not have, that it otherwise would. Now the question is whether we're going to make good on our obligations that result from such policies, or whether we're going to default on them.
    Last edited by Kandahar; 01-03-11 at 08:43 PM.
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Lord Tammerlain View Post
    Given that social security and medicare are...generally well funded....
    Would you care to revise or retract the portion of your post quoted above? If so, now is the time to do it.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Why doesn't America just raise taxes on young working people so that benefits to old people aren't cut? Bingo, we have a winner. Haha.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Albert Di Salvo View Post
    Why doesn't America just raise taxes on young working people so that benefits to old people aren't cut? Bingo, we have a winner. Haha.

    Or just kill off the old people.


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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Lord Tammerlain View Post
    Given that social security and medicare are covered through payroll taxes and are generally well funded currently you really cant cut from those


    These leaves 2.4 trillion dollars in spending that can be cut to meet a 1.4 trillion dollar deficit. That math means $1 trillion dollars in spending from the following programs

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Income Security 624
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9

    I cant see defence not getting at least a 20 % cut, while programs like income security and health would have to see at least 50% in cuts.
    Maybe Defense can be cut 20% but then where would we get the money to defend Canada? With regard to SS and Medicare they are being funded but the SS "trust fund" has billions in IOU's as Presidents from both parties have used the money on budget. Those IOU's have to be repaid.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Conservative View Post
    Maybe Defense can be cut 20% but then where would we get the money to defend Canada? With regard to SS and Medicare they are being funded but the SS "trust fund" has billions in IOU's as Presidents from both parties have used the money on budget. Those IOU's have to be repaid.
    Sorry, who are you defending us from?

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