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Thread: Poll shows Americans oppose entitlement cuts to deal with debt problem

  1. #281
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by whysoserious View Post
    What does that have to do with anything?? You mean when they took over and the Bush tax cuts still were not in effect? Keep up with the conversation, please. Who is in power does not have anything to do with the discussion.
    well, it does give us someone to blame....simple thinking but it is what it is....
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by UtahBill View Post
    and for no good reason, right?
    Ah, so government enacted unconstitutional programs for our own good eh....Well, how very American of them.

    The essentials we buy are only part of our economy, if the poor can barely afford essentials, the rich man selling non-essentials has no customers.
    And if the cost of those essentials keep rising as a result of increased taxation on the wealthy man that passes along the cost to keep his business afloat, then in the end who is really the recipient of the tax?


    well, it does give us someone to blame....simple thinking but it is what it is....

    Translation: "All conservatives, and people that don't agree with me are stupid."

    That is wonderful example of "Moderate" thinking Bill.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by j-mac View Post
    Oh please....the 'out of context' gambit? Really? haven't we debunked this myth that libs like you only pull out when caught red handed Joe....


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    J, context always matters. Because some don't understand that, they make serious mistakes in their reasoning. These mistakes have a serious effect on the way we discuss issues in this country, and it hurts us all. reading is about more than calling out words, it is about comprhension, understanding.

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  4. #284
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Catz Part Deux View Post
    McINTYRE: Farming corporate welfare



    Farm subsidies would be another good place to start chopping, vigorously, with a budget axe.
    we might pay more for our groceries, but that could be a good thing....we might eat less, and we are a nation of fat people...
    Oracle of Utah
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Aside from the issue that the public seems unable or unwilling to understand the various factors that are driving the nation's long-term fiscal imbalances and the measures that will be needed (spending and revenue) to address those imbalances, some political leaders also appear unfamiliar with the issues.

    Yesterday, The St. Augustine Record reported:

    He said the government needs to borrow more money to pay the interest on what it has already borrowed.

    "That's like getting a second credit card to pay the interest on the first," he said.
    Rubio: Raising debt limit would be 'catastrophic' | StAugustine.com

    That is not correct. U.S. revenue is sufficient to meet the nation's debt service costs. Were that assessment correct, the nation would be in Hyman Minsky's dreaded "Ponzi" situation. A debt crisis would have erupted well before that situation came to pass (and, depending on when the crisis erupted, interest rates could spike to the point where the nation wound up in such a situation), as creditors and would-be lenders would have calculated that the nation was approaching a situation that would entail severe risk of default.

    The U.S. is not in any such position. In fact, over the past 10 years, net interest payments have averaged just under 10% of tax revenue (assisted by recent abnormally low interest rates). Even if one takes the OMB's projections to 2016, net interest payments would amount to 14.7% of tax revenue (18.6% of revenue if one assumed interest rates at the 1940-2010 average). Hence, it is incorrect for Senator Rubio to argue that the U.S. needs a second credit card to pay the interest on its first credit card.

    Instead, the U.S. is in a situation where its tax revenue is not sufficient to meet all of its expenditures, hence the annual budget deficits. That's quite different from suggesting that it lacks the tax revenue to meet its debt service obligations. Substantial as the deficits are (>10% of GDP), the situation is nowhere near as dire as it would be if the majority of tax revenue was consumed by debt service costs. With credible fiscal consolidation, the U.S. need not approach that untenable situation.

  6. #286
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by j-mac View Post
    Ah, so government enacted unconstitutional programs for our own good eh....Well, how very American of them.
    And if the cost of those essentials keep rising as a result of increased taxation on the wealthy man that passes along the cost to keep his business afloat, then in the end who is really the recipient of the tax?
    Translation: "All conservatives, and people that don't agree with me are stupid."
    That is wonderful example of "Moderate" thinking Bill.
    j-mac
    Remember reading about the dust bowl, the great depression, the great wall street crash(es)? What would you have done to help the common citizen in those situations? Granted we have overdone it when it comes to helping the public survive disaster, typical of govt reaction. THey create billion dollar programs to solve million dollar problems. And who benefits the most from these programs? Opportunists who see a way to get another govt teat in their mouth, at taxpayer expense. If govt stopped buying crap that we don't need from businesses created for unnecessary programs, a lot of republican owned businesses would dry up and blow away....
    As for your translation, you got it wrong, my remark was aimed at both parties. If all you have is name calling, take a break....
    Oracle of Utah
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  7. #287
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    Nonsense.

    You're representing extremist economic theory as fact. Public spending has never been proven to affect private spending.
    You've got to be joking. When part of your income is taken away from you, of course private spending is affected.
    Give a man a fish, or he will destroy the only existing vial of antidote.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Boo Radley View Post
    It puts it in context. Explains what she means.
    it explains why she thinks healthcare is somehow "different". the logic there too is foppery - you can make the same argument about food and housing. but that's the "pragmatic" portion of the argument

    and then she went on to deal with the "yes but it's unconstitutional" portion of the argument by saying it was okay because Congress had the right to regulate mental activity. I quoted for you the relevant portion of the ruling where she explicitly utilizes that exact logic.

    your inability to answer it remains telling.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by UtahBill View Post
    we might pay more for our groceries, but that could be a good thing....we might eat less, and we are a nation of fat people...
    yes, but our poor are fatt-er, and it's not a little because the least expensive foods are also the worst for you.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by TurtleDude View Post
    He was right next to that deluded black woman who said now that Obama was president she no longer had to worry about paying for gasoline or her mortgage
    Just had to be a BLACK woman now didn't it?
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