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Thread: Obama Makes New Budget Sales Pitch; GOP Strikes Back

  1. #41
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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    In your mind, something either has to the cause of all of the debt or none of it???
    Spending. If they kept spending in line anywhere near tax receipts we would not have overwhelming debt or gigantic deficit spending. How do you not get that?

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Catawba View Post
    In your mind, something either has to the cause of all of the debt or none of it???
    It is not in my mind, it is in your sentence structure.




    Quote Originally Posted by Catawba View Post
    No, they didn't, they were extended temporarily because the GOP was threatening to withhold unemployment payments unless the Bush tax cuts were continued. The Democrats even put up a bill to discontinue them for those that made over $250,000 and the GOP filibustered it down.
    Democrats control both houses of congress and the presidency, and you blame republicans. The Senate voted 81-19 to extend all tax rates and Obama signed it. That makes them the Obama tax cuts. Deal with it.

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by OpportunityCost View Post
    Or an increase in the tax subsidy of the Chevy Volt from $7500/car to $10,000/car; truly a worthy undertaking that benefits the poor. Or cutting the DC school voucher system which is outperforming the hell out of the DC public system on every available metric including cost per student, graduation rates, literacy rates, attendance and college entry after high school. The more we look into this budget the more we are going to see partisan winners and losers---thats an opinion and a prediction.
    Lets see your link for a tax credit increase for Chevy Volt only? I bet you will find it is for all electric cars. It would be extremely short-sighted and unwise to create future economic problems through peak oil and global warming while addressing our current economic problems

    Private schools with students of the same cultural and income levels perform no better than public schools.
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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Harshaw View Post
    You are conflating "debt" with "deficit."
    No, I am not. Our debt is our accumulated deficit over the years.



    And why is spending still at the same level three years after the supposed one-time "stimulus"?
    Because we have been a recession left by the last administration. You don't cut spending when you are in recession or you make it worse. The budget just submitted calls for $4 trillion less in spending over ten years, but I think much larger cuts to military spending is needed.




    No idea what you're talking about.

    You'll figure it out in November.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Catawba View Post
    No, I am not. Our debt is our accumulated deficit over the years.
    Yes, you are, because you posted about deficits. That's what I responded to.

    Or, you're just off on a red herring.

    Take your pick.


    Because we have been a recession left by the last administration. You don't cut spending when you are in recession or you make it worse. The budget just submitted calls for $4 trillion less in spending over ten years, but I think much larger cuts to military spending is needed.
    It wouldn't be a "cut" in spending; it would be a return to normalcy, and you're moving the goalposts again.


    You'll figure it out in November.
    Riiiight.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by OpportunityCost View Post
    Spending. If they kept spending in line anywhere near tax receipts we would not have overwhelming debt or gigantic deficit spending. How do you not get that?
    And who is the only president in the last 30 years that agreed to cut spending???

    It took 30 years of both spending too much (mostly on the military) and taxing the rich too little to create our debt and it will take the opposite to reduce our debt. That is the way we did it the one and only time we significantly reduced our deficit in the 1990s.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Fletch View Post
    Democrats control both houses of congress and the presidency, and you blame republicans. The Senate voted 81-19 to extend all tax rates and Obama signed it. That makes them the Obama tax cuts. Deal with it.
    Knowing the GOP would filibuster the unemployment cuts he signed it, yes.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Catawba View Post
    Because we have been a recession left by the last administration. You don't cut spending when you are in recession or you make it worse. The budget just submitted calls for $4 trillion less in spending over ten years, but I think much larger cuts to military spending is needed.
    Wrong, $4 trillion in "deficit reduction."

    Let's cut Defense spending to zero (having a military is soooo 20th century). What next? We'd still be running a $208 billion deficit.

    Federal Budget.jpg

    Quote Originally Posted by Catawba View Post
    You don't cut spending when you are in recession or you make it worse.
    Quote Originally Posted by Catawba View Post
    I think much larger cuts to military spending is needed.
    Wait, what? So only non-defense cuts impact the economy?
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by Rhapsody1447 View Post
    Wrong, $4 trillion in "deficit reduction."

    Let's cut Defense spending to zero (having a military is soooo 20th century). What next? We'd still be running a $208 billion deficit.

    Wait, what? So only non-defense cuts impact the economy?
    Nah, let's cut out all education, environment, and energy spending. That adds up to a whopping ... about 1/3 of military spending.


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    Re: Obama Makes New Budget Sales Pitch; GOP Strikes Back

    Quote Originally Posted by AdamT View Post
    Nah, let's cut out all education, environment, and energy spending.
    OK.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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