Page 23 of 46 FirstFirst ... 13212223242533 ... LastLast
Results 221 to 230 of 459

Thread: Obama: I'll cut $4 trillion

  1. #221
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

    Re: Obama: I'll cut $4 trillion

    Would one of you Progressives here tell me what "spending reductions in the tax code" means? Do any of you believe that you keeping more of what you earn is an expense to the Federal Govt?

  2. #222
    User
    Join Date
    Apr 2011
    Last Seen
    12-14-11 @ 12:28 PM
    Lean
    Undisclosed
    Posts
    69

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    please cite evidence to prove your (bogus) assertion
    Receipts by Source Total non SS = 1,306.3 in millions
    Historical Tables Total Non-SS outlays 1,448,955 in millions

    Now you try and prove you bogus assertions using actual data, not an opinion piece written by someone.

    The accounting practices used allowed the government to borrow from the SSI "Trust Fund" without reporting that as deficit spending so it hid much deficit spending from 1987 until the past couple of years when the SSI expenditures were greater than the income.

    To be fair to Obama, some of his deficit spending is the actual deficit spending that was hidden in previous years by the embezzlement of funds.

  3. #223
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 03:24 PM
    Gender
    Lean
    Independent
    Posts
    36,129

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by ggh View Post
    Receipts by Source Total non SS = 1,306.3 in millions
    Historical Tables Total Non-SS outlays 1,448,955 in millions

    Now you try and prove you bogus assertions using actual data, not an opinion piece written by someone.

    The accounting practices used allowed the government to borrow from the SSI "Trust Fund" without reporting that as deficit spending so it hid much deficit spending from 1987 until the past couple of years when the SSI expenditures were greater than the income.

    To be fair to Obama, some of his deficit spending is the actual deficit spending that was hidden in previous years by the embezzlement of funds.
    gladly
    read it and weep: http://www.cbo.gov/ftpdocs/108xx/doc...icalTables.pdf
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #224
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 03:24 PM
    Gender
    Lean
    Independent
    Posts
    36,129

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Conservative View Post
    Would one of you Progressives here tell me what "spending reductions in the tax code" means? Do any of you believe that you keeping more of what you earn is an expense to the Federal Govt?
    please identify the post in which that expression was used. mysearch turns up only one post. yours
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  5. #225
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    please identify the post in which that expression was used. mysearch turns up only one post. yours
    That quote was in the Obama speech yesterday which apparently you didn't listen to. I further noted that you ran when the actual debt numbers were posted and how you actually left out intergovt. holdings which are future obligations thus debt
    Last edited by Conservative; 04-14-11 at 12:59 PM. Reason: grammar

  6. #226
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    please identify the post in which that expression was used. mysearch turns up only one post. yours
    Here is more evidence regarding the total debt which shows the dishonesty of Obama and his supporters who continue to claim that Clinton had a surplus

    Social Security IOU’s

    Social Security IOUs stashed away - Washington Times

  7. #227
    User
    Join Date
    Apr 2011
    Last Seen
    12-14-11 @ 12:28 PM
    Lean
    Undisclosed
    Posts
    69

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    ROTFL, sorry but you forgot to find one that did not combine the SSI trust fund dollars with the Non SSI spending. Do try again.

  8. #228
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Conservative View Post
    Here is more evidence regarding the total debt which shows the dishonesty of Obama and his supporters who continue to claim that Clinton had a surplus

    Social Security IOUís

    Social Security IOUs stashed away - Washington Times
    That dog won't hunt.

    By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are "special issues" of the United States Treasury. Such securities are available only to the trust funds.

    In the past, the trust funds have held marketable Treasury securities, which are available to the general public. Unlike marketable securities, special issues can be redeemed at any time at face value. Marketable securities are subject to the forces of the open market and may suffer a loss, or enjoy a gain, if sold before maturity. Investment in special issues gives the trust funds the same flexibility as holding cash.

    Data on trust fund investments provide a breakdown by interest rate and trust fund for any month after 1989.
    Trust Fund FAQs


  9. #229
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by pbrauer View Post
    That dog won't hunt.


    Trust Fund FAQs
    That income does hunt, where does the money come from to pay off those IOU's. I am amazed at how little you know about investments. We are broke and will have to borrow the money to pay off those IOU's. I just don't get it, what is it about the liberal ideology that creates such loyalty in the face of facts, logic, and common sense.

  10. #230
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Conservative View Post
    That income does hunt, where does the money come from to pay off those IOU's. I am amazed at how little you know about investments. We are broke and will have to borrow the money to pay off those IOU's. I just don't get it, what is it about the liberal ideology that creates such loyalty in the face of facts, logic, and common sense.
    I you buy U.S. bonds are they assets or IOU's?


Page 23 of 46 FirstFirst ... 13212223242533 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •