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United States loses its AAA Credit rating from S & P

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donc said:
Total monetary cost of Obamas inherited wars, beginning in 2001 $1,235,658,045,121 and climbing.

Obamas inherited cost of the bush tax cuts (besides costing us our AAA rating)$2.5 trillion.

Add the numbers up and see what the true cost of the inheritance from Americas most incompetent administration is.:2wave:


Cost of War to the United States | COSTOFWAR.COM

http://www.ctj.org/pdf/bushtaxcutsvshealthcare.pdf
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What costs, Obama said he was going to end the wars. Tax cuts aren't an expense, Obama approval rating at 39%, and in 2011 he generated these results

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
Conservative said:
A sad day for skier Lindsey Vonn......
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Very funny!

Idjits-43826915921.jpeg
 
AdamT said:
Wait, did he say that the essence of bipartisanship is to give up a little to get a lot? Was he singing the praises of compromise?!
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So compromise with us anytime you want to. Let's have trillions in spending cuts now with a promise of tax increases in the out years.
 
QUOTE=Conservative

Tax cuts aren't an expense,
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$2.5 Trillion looks like an expense to me.


First President in U.S. History to have our credit downgraded on his watch!
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If it wasn't for the $2.5 Trillion tax cuts we would not be thinking about AA+ now.
 
donc said:
$2.5 Trillion looks like an expense to me.




If it wasn't for the $2.5 Trillion tax cuts we would not be thinking about AA+ now.
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Then you need glasses, no accountant will ever support that claim. How is keeping more of what you earn an expense to the Federal Govt. I gave you the line item expenses and nowhere does tax cut appear as an expense. That is nothing more than liberal talking points that the brainwashed buys.
 
donc said:
When $2.2 trill don't get collected in taxes while two wars are going on.
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That doesn't make it an expense, it makes it less revenue. Do you know the difference between revenue and expense? Obviously not, nor do you understand that FIT tax revenue went up AFTER the tax rate cuts of Bush and Reagan when fully implemented. Frustrating for you, I know.
 
donc said:
Two unfunded wars and you don't call that an expense? :shock:
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Wars are an expense, tax cuts aren't. The wars didn't create the 14.5 trillion dollar debt. how about unfunded social programs, unfunded Great Society. Unfunded New Deal, unfunded now SS trust fund? You pick on wars because you don't like wars, no one does but to claim that tax cuts are expenses to the govt. is totally and completely false and foolish.
 
QUOTE=Conservative

Wars are an expense, tax cuts aren't. The wars didn't create the 14.5 trillion dollar debt.
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Hhhmm...Where is this money coming from?

Cost of War to the United States | COSTOFWAR.COM


You pick on wars because you don't like wars, no one does but to claim that tax cuts are expenses to the govt. is totally and completely false and foolish.
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If we had the dough that the tax cuts diverted from the treasury we would have $2.5 trillion less debt at this time and we would still have our AAA rating.You can spin like a top all night if you want but facts are facts.:2wave:
 
donc said:
Hhhmm...Where is this money coming from?

Cost of War to the United States | COSTOFWAR.COM




If we had the dough that the tax cuts diverted from the treasury we would have $2.5 trillion less debt at this time and we would still have our AAA rating.You can spin like a top all night if you want but facts are facts.:2wave:
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You just cannot admit that you are wrong, the war is an expense and has to be paid out of revenue. Whether or not there is enough revenue or not doesn't make it an expense. You really need to get some help. Go talk to your accountant and ask them if you keeping more of what you earn is an expense to the govt. because you send them less revenue. That may be one of the dumbest arguments I have ever heard.

We would have 2.5 trillion less debt if we didn't spend the money. With this govt. has nothing to do with the amount of revenue. The fact is we have more revenue from the tax cuts and you cannot explain it.
 
Conservative said:
You just cannot admit that you are wrong, the war is an expense and has to be paid out of revenue. Whether or not there is enough revenue or not doesn't make it an expense.

We would have 2.5 trillion less debt if we didn't spend the money. With this govt. has nothing to do with the amount of revenue. The fact is we have more revenue from the tax cuts and you cannot explain it.
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Who pays this non expense?:shock:
 
Conservative said:
Doesn't make any difference, revenue shortfalls are not an expense to anyone.
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Revenue shortfalls are an expense when combined with two none funded wars as well a bordering on idiocy.:2wave:
 
Conservative said:
Then you need glasses, no accountant will ever support that claim. How is keeping more of what you earn an expense to the Federal Govt. I gave you the line item expenses and nowhere does tax cut appear as an expense. That is nothing more than liberal talking points that the brainwashed buys.
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As an accountant (at least by training), I must agree that revenue reductions are not an expense. They do, however, have the exact same result on the bottom line. Hence, the primary point is valid and discussion is about form rather than substance (wasting time in the academics and not facing the issue).
 
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Phys251 said:
You concede my point, then. Kthxbai
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What a troll reply. Is that really your response? If so, only one word comes to mind: :failpail:

On second thought, maybe a second word comes to mind: pwned-56304.jpg
 
upsideguy said:
As an accountant (at least by training), I must agree that revenue reductions are not an expense. They do, however, have the exact same result on the bottom line. Hence, the primary point is valid and discussion is about form rather than substance (wasting time in the academics and not facing the issue).
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The problem for liberals is that the tax rate cuts saw an increase in revenue after fully implemented and liberals cannot explain it. Liberals always ignore human behavior and the benefit to the taxpayer and the economy from those tax cuts. I see no valid point in discussing lost revenue that didn't happen.
 
donc said:
Revenue shortfalls are an expense when combined with two none funded wars as well a bordering on idiocy.:2wave:
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Demo's controlled the purse for four years unobstructed, that is evidenced by their forcing through such social spending programs as the Health Care law, and the Stimulus. But you want us to believe that they were powerless to stop the wars that in 10 years didn't cost as much as Obama, and demo spending hikes of one year?

Listen, it is simple. When you have a monetary shortfall in your house, but you wanted to spend on some things like say, a new car, or some new power equipment, do you do it anyway? Do you spend without the money to buy it? My guess is no, and that is what we are asking our government to do now....Reign it in.


j-mac
 
Conservative said:
Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
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bush* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have caused our credit downgrade
 
Misterveritis said:
Do you really want to go there? It would take me about a day. I can review your post history and develop a reasonably accurate assessment of your actual political beliefs and contrast them with your professed beliefs. I can probably find enough individual information to develop a history. Maybe I will.
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This should be fun.

You will have to bring it here though.

http://www.erisbarandgrill.com/forum/index.php

I strongly disagree with the latest infraction I have received and have chosen to leave this place where the admins actually allow people to talk.

To those who provided interesting conversation, thank you very mush.
 
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donc said:
WOW,three weeks to turn a child in to a stone socialist...gotta get that recipe.:lamo


MAN reading some of your post is better than the funny papers.
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Posting lies like that is what rightwingers do when they're losing. I call it "Retreat and Repeat"

I noticed that there are several rightwingers who constantly repeat the same lies over and over in this thread.
 
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