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Debt ceiling cost to taxpayers: $1.7 billion

TheDemSocialist said:
What there is a "socialist country" now somewhere?! Which one!? China (not socialist). Cuba (not socialist). The old USSR (not socialist. Claimed to be fighting for basic socialism there whole existence) Vietnam (not socialist). DPRK (not socialist).
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Great so there there aren't any countries that you believe are socialist thus why do you describe yourself as a socialist since you don't have any country to really follow and learn from?
 
Conservative said:
Great so there there aren't any countries that you believe are socialist thus why do you describe yourself as a socialist since you don't have any country to really follow and learn from?
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So this went from a taxation thread to "lets argue about socialism"... Oh go figure....

But anyways no no country has ever been truly "socialist"... No i have plenty of countries to learn from. USSR, Cuba, Venezuela, some eastern European and Scandinavia countries, south American countries. Mainly socialist, communist, and other leftist leaders tho..
 
TheDemSocialist said:
So this went from a taxation thread to "lets argue about socialism"... Oh go figure....

But anyways no no country has ever been truly "socialist"... No i have plenty of countries to learn from. USSR, Cuba, Venezuela, some eastern European and Scandinavia countries, south American countries. Mainly socialist, communist, and other leftist leaders tho..
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Absolutely outstanding countries you have chosen to model yourself after, state controlled media, huge lower class, no middle class, high unemployment subsidized by the govt. Wonder where all that money comes from to take care of all those people? You don't believe Obama is trying to do that here? Obama record sounds like Venezuela or Cuba. Debt ceiling? What debt ceiling, just print money and stifle individual creativity and risk taking.
 
Conservative said:
Absolutely outstanding countries you have chosen to model yourself after, state controlled media, huge lower class, no middle class, high unemployment subsidized by the govt.
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Never said i wanted to "model myself after", thanks for putting words in my mouth....
I choose to learn from their success's.
I choose to learn by leaders, intellectuals, etc.

Wonder where all that money comes from to take care of all those people?
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Well when you have a country thats not trying to keep open hundreds of military bases around the world, giving hand outs to other countries (Ex. Israel), you can implement a extreme progressive taxation.

You don't believe Obama is trying to do that here?
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What implement progressive taxation or socialism?
I think he believe the rich should have a higher tax rate sure.
But is he trying to implement socialism? No. When has he ever tried or even said anything about the workers TAKING CONTROL OF THE WORKPLACE?

Obama record sounds like Venezuela or Cuba.
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:lamo
What world to you live in!?!?
Are you serious!?

Debt ceiling? What debt ceiling, just print money and stifle individual creativity and risk taking.
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Well im guessing sense OBama wanted to raise the debt ceiling that makes him a socialist right? Is this seriously your definition of socialism!? Well if it is i guess that makes republicans socialists too!!!! :scared:

Open a book? Check in to reality. Maybe try to find out what socialism is before you go on your babbaling "anything to the left of me is a socialist" bull****...
 
TheDemSocialist said:
:doh
Massive fail

Read the article. He was talking about quarter one! Your article adresses quarter 2...
First-quarter U.S. economic growth slows to 1.8% - Economic Report - MarketWatch


First-quarter U.S. economic growth slows to 1.8%
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Apparently this is the way Socialists do research



April 28, 2011, 10:29 a.m. EDT

First-quarter U.S. economic growth slows to 1.8%
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That was a prelimary report that was revised down to .4%, bea.gov. Doesn't do much for your credibility.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
 
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TheDemSocialist said:
Never said i wanted to "model myself after", thanks for putting words in my mouth....
I choose to learn from their success's.
I choose to learn by leaders, intellectuals, etc.


Well when you have a country thats not trying to keep open hundreds of military bases around the world, giving hand outs to other countries (Ex. Israel), you can implement a extreme progressive taxation.


What implement progressive taxation or socialism?
I think he believe the rich should have a higher tax rate sure.
But is he trying to implement socialism? No. When has he ever tried or even said anything about the workers TAKING CONTROL OF THE WORKPLACE?


:lamo
What world to you live in!?!?
Are you serious!?


Well im guessing sense OBama wanted to raise the debt ceiling that makes him a socialist right? Is this seriously your definition of socialism!? Well if it is i guess that makes republicans socialists too!!!! :scared:

Open a book? Check in to reality. Maybe try to find out what socialism is before you go on your babbaling "anything to the left of me is a socialist" bull****...
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Thanks for the good laugh tonight, "their successes?" Now that is really funny. Not a lot of credibility here
 
The premise of the original article is silly. $1.7 billion is precisely 0.1% of the FY 2011 US federal budget deficit. What a farce. Get worried about the other 99.9%.
 
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TheDemSocialist said:
Your article adresses quarter 2
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my article?

LOL!

"my" article addresses both q's 1 and 2

Gross domestic product expanded at a paltry 1.3% annual rate in the second quarter, the Commerce Department said Friday, below the 1.6% growth rate that economists anticipated.

But it was a drastic downward revision to first-quarter GDP growth that stole the show — and set economists on edge.

The new data on the inflation- and seasonally-adjusted value of all goods and services produced in the United States showed the economy barely grew at all in the January-through-March quarter, rising just 0.4% as opposed to the initially reported 1.9% improvement.
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wsj above
 
nijato said:
The premise of the original article is silly. $1.7 billion is precisely 0.1% of the FY 2011 US federal budget deficit. What a farce. Get worried about the other 99.9%.
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Right, as the saying goes, "a billion here, a billion there ... pretty soon you're talking about real money." :roll:
 
AdamT said:
You've got to be joking, right? The Republican position in this "democratic" process was that we, the minority, must get 100% of what we want and you, the majority, must get 0% of what YOU want or we are going to destroy the fu**ing economy!

Hey look, even more deficit reduction from those teabagger deficit hawks!

"WASHINGTON -- The congressional standoff that has partially shut down the Federal Aviation Administration has some curious math.

Lawmakers risk losing more than $1 billion in revenue from uncollected airline ticket taxes in a quarrel between Senate Democrats and House Republicans who are demanding a $16.5 million cut in rural air service subsidies.

The shutdown is less than two weeks old and already the government has lost more than $250 million in revenue because airlines' authority to collect ticket taxes has expired. The entire annual budget of the rural air services program is about $200 million."

Ah, but conservatives would tell us that those taxes are just passed on to consumers, so we're really benefitting from the non-collection of taxes ... right?

Err, wrong. With one or two exceptions, the airlines are simply pocketing the money they would have paid in taxes.
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Well a bunch of Republicans won the midterm, they kept arguing that Obama should do everything they wanted and get all their demands. Well that was BS, because in reality, nobody wants to take responsibility for what is passed. Nobody wants to be the fall guy, so all them pass the buck to the other party and drag their feet. Congress's approval rating is only 14 percent right now.
 
Taylor said:
Uhh... you're angry over this $1.7 billion?

Congress could have carried on for 54 years at that rate and still wouldn't have spent as much as this increase "to get us through 2012."

Spare us the fake outrage.
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I think the point is they could have got something done sooner and more effectively, and they could have also saved the tax payers money and got the same ****ty joke of a bill through. They all did the job half assed and dragged their ****ing feet the entire time. I want my government to do better than this, this is pathetic.
 
SheWolf said:
It does look really ridiculous...
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Only if you do not think about it. One day, one recurring 1.7b expense. Interest on the debt is 400b every year. I think you an see how quickly a higher interest rate can add up.
 
And don't forget, ALL interest rates in the U.S. are based on Treasury rates. If the government pays more to borrow, sooner or later (sooner) businesses and individuals will also pay more to borrow.
 
Conservative said:
Apparently this is the way Socialists do research
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I dont know how much more clear it can get...
..."the Commerce Department on Thursday said gross domestic product rose at a 1.8% annual rate between January and March, slower than the 3.1% pace in the prior three months."





That was a prelimary report that was revised down to .4%, bea.gov. Doesn't do much for your credibility.
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News Release: Gross Domestic Product[/QUOTE]

I think you should take a look at the study of your report: "Revised Estimates: 2003 through First Quarter 2011"
The other study of MarketWatch is from Jan to March......
 
SheWolf said:
Reminds of when they paid somebody thousands of dollars an hour do defend DOMA... ****ing idiots
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No, its because they don't care what the cost is.
 
DemSocialist: I'm not trying to take sides, but you are just not right. Q1 gdp growth was revised down to 0.4%.
 
Yep. And apparently this wonderful debt limit bill will have the effect of reducing GDP by .3%, eliminating over 300,000 jobs in the short term, and over a million jobs in the mid term. Thanks, teabaggers!!
 
Redress said:
Only if you do not think about it. One day, one recurring 1.7b expense. Interest on the debt is 400b every year. I think you an see how quickly a higher interest rate can add up.
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LOL -- are you being serious? We're on track to increase the debt something like 10 trillion over the next decade and you're whining about this being something significant?
 
TheDemSocialist said:
I think you should take a look at the study of your report: "Revised Estimates: 2003 through First Quarter 2011"
The other study of MarketWatch is from Jan to March......
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It says the same thing everyone has been saying: "In the first quarter, real GDP increased 0.4 percent"
 
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