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Obama: I'll cut $4 trillion

Dittohead not! said:
How much is a trillion?

If you were the most generous boss in the world, with a workforce of 1,000 people making an average of $1,000 per hour, your payroll would be $1,000,000 per hour, or $40 million for a forty hour week, just over $2B per year. At that rate, it would take nearly 500 years to pay out a trillion.

A hundred dollar bill weighs one gram. A thousand, then weigh a kilogram, and a million weigh a metric ton and are worth $100 million. Ten tons = a billion, and 10,000 tons = a trillion. Currently, the deficit amounts to 15, 000 tons of hundred dollar bills. The budget = 37,000 tons, and the debt is 140,000 tons of hundreds.

Can you imagine a pile of hundreds that weighs 37,000 tons? If you were to load them into a train with a fork lift capable of lifting a ton, and if you could load one every ten minutes, it would take you 370,000 minutes to load that train. That's over 6,000 hours. Working ten hour days, it would take the fork lift operator more than 600 days, nearly two years. Taking only limited time off for vacations, probably working six day weeks, two operators would have to operate two fork lifts loading $100 bills one ton at at time to feed the federal government.

Mind boggling, isn't it?
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What's more mind boggling is that the Democratic Party is made up of drunken sailors. They are a childish party of ne'erdowells, whiners, weirdos and golddiggers.
 
lpast said:
What ryan has against his plan is...he want to increase COSTS for all middle class americans and then he wants to give the rich a full additional 25% cut in income taxs...if all you conservatives think once that becomes clear to most americans thats going to float I think your in for a surprise.
If your going to make a cut as drastic as 6trillion...you damn sure better make sure EVERYONE shares the pain and not the richest gain while everyone else takes it from behind.
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No, Ryan's plan does not give the rich an additional 25% cut in income taxes, it is revenue neutral. He proposes removing tax breaks and loopholes in return for a lower rate. Of course if everyone is supposed to share the pain, then perhaps we should insist that the 40% of Americans that pay no taxes start paying some.
 
ggh said:
No, Ryan's plan does not give the rich an additional 25% cut in income taxes, it is revenue neutral. He proposes removing tax breaks and loopholes in return for a lower rate. Of course if everyone is supposed to share the pain, then perhaps we should insist that the 40% of Americans that pay no taxes start paying some.
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Go read ryans proposal in its entirety and see the tax cuts he proposes and show me that 40% pay no taxs I dont believe that and dont include the 10% that are now unemployed not paying taxs for obvious reasons..and how much do you expect a part time walmart worker to pay in taxs btw ? or a full time walmart worker ? want them to pay 35% same as the rich...so a walmart worker that makes 10 bucks an hour 32 hrs is considered full time...makes 320 a week you want what 35% of that on top of state income taxs and Fica and unemployment insurance which they all pay...COOL...so you want a walmart worker to bring home less than 175.00 a week and pay rent and lifes necessities AND pay for their healthcare and save for their retirements and health care upon retirement....ROFL...arent you just wonderfully realistic
Lets do the fair tax thingy...you want a fulltime walmart worker making 320.00 a week to 15% flat tax and state income taxs and fica and unemployment insur and all other deductions then pay for lifes necessities and their health care and save for their retirement.
The rich are living in lalaland if you think all this is going to pass or even possible.. because you elected a handful of teaparty far righters.
Just for info..I was not a walmart worker and Im not a very wealthy man but I am quite comfortable and self sufficient in my retirement this isnt about what I want and my feelings are not based on my personal wants. Paul Ryans Plan doesnt effect me in any way. I just thinks its wrong.
 
lpast said:
Go read ryans proposal in its entirety and see the tax cuts he proposes
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I have read it, show where it provides a 25% cut in taxes to the "rich".

and show me that 40% pay no taxs I dont believe that and dont include the 10% that are now unemployed not paying taxes for obvious reasons..
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Tax Stats This of course does not include the credits that actually have many paying negative taxes.

and how much do you expect a part time walmart worker to pay in taxs btw ? or a full time walmart worker ? want them to pay 35% same as the rich...so a walmart worker that makes 10 bucks an hour 32 hrs is considered full time...makes 320 a week you want what 35% of that on top of state income taxs and Fica and unemployment insurance which they all pay...COOL
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To begin with, no one should be paying 35% of their income to the Federal Government.
What percentage of Walmart employees work only 32 hours a week and what is the median wage of a walmart worker?
No one should be paying FICA taxes because the whole Social Security/Medicare system is unconstitutional.

If you limit the Federal government to the enumerated powers stated in the COTUS, you could have a tax rate far below even 10%.

Of course the Ryan plan will not pas, the Dems control the Senate and the White House and the only plan that either of them have is to tax the rich and spend even more.
 
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lpast said:
Go read ryans proposal in its entirety and see the tax cuts he proposes and show me that 40% pay no taxs I dont believe that and dont include the 10% that are now unemployed not paying taxs for obvious reasons..and how much do you expect a part time walmart worker to pay in taxs btw ? or a full time walmart worker ? want them to pay 35% same as the rich...so a walmart worker that makes 10 bucks an hour 32 hrs is considered full time...makes 320 a week you want what 35% of that on top of state income taxs and Fica and unemployment insurance which they all pay...COOL...so you want a walmart worker to bring home less than 175.00 a week and pay rent and lifes necessities AND pay for their healthcare and save for their retirements and health care upon retirement....ROFL...arent you just wonderfully realistic
Lets do the fair tax thingy...you want a fulltime walmart worker making 320.00 a week to 15% flat tax and state income taxs and fica and unemployment insur and all other deductions then pay for lifes necessities and their health care and save for their retirement.
The rich are living in lalaland if you think all this is going to pass or even possible.. because you elected a handful of teaparty far righters.
Just for info..I was not a walmart worker and Im not a very wealthy man but I am quite comfortable and self sufficient in my retirement this isnt about what I want and my feelings are not based on my personal wants. Paul Ryans Plan doesnt effect me in any way. I just thinks its wrong.
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the only way to control the deficit is to have a tax system where everyone has to pay more money everytime the government spends more. Once politicians cannot buy votes by promising handouts OTHERS have to pay for, the reckless spending will start to ease
 
lpast said:
Hmm interesting...to be fair and not overly partisan I think Obama' plan has a chance to be more popular than ryans overall
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Au contraire, Ryan is a better speaker than Obama. Yes, that's right, and he tells it like it is. Boener also has been very forthright. I do believe Obama is getting overwhelmed at this point, with people who are smarter than he is.
 
Marilyn Monroe said:
Au contraire, Ryan is a better speaker than Obama. Yes, that's right, and he tells it like it is. Boener also has been very forthright. I do believe Obama is getting overwhelmed at this point, with people who are smarter than he is.
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Thats only your opinion and of course its just as valuable as anyone elses opinion...but just an opinion none the less, I dont think ryan is anywhere near as good a speaker as obama and I dont like obama one bit
 
Marilyn Monroe said:
Au contraire, Ryan is a better speaker than Obama. Yes, that's right, and he tells it like it is. Boener also has been very forthright. I do believe Obama is getting overwhelmed at this point, with people who are smarter than he is.
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Let me tell you something.

Obama is setting up the GOP in a nice tidy box... Now the GOP will need a misinformation campaign so tall it could fall over.

Elections are won and lost not on who's actually the most fit to lead or anything like that...

The GOP needs to be very, very careful because Obama is gonna play the populist card and if it works, the GOP are going to look like the riches pet, raising taxes on the rich is relatively popular amog independents (folks that wins elections)

Be careful repubs, Obama is not as stupid as you think.
 
Harry Guerrilla said:
You could tax all the wealth that all the billionaires in the U.S. have and you still would only end up with even 10% of the money to pay off the debt.

Cutting Medicare, Medicaid and defense (along with many others) is the only realistic way to do it.
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no one has suggested taxing such that the government takes the entirety of wealth of billionaires
but when we look back at 2000 when the shrub arrived on the scene, the government was throwing off a surplus
and dicknbush decided it was time to place the government into a deeper accumulated national deficit instead by reducing the tax burden primarily on the wealthy
that is much of what put us in today's fiscal conundrum
which is why we should now undo such stupidity
taxes are the lowest they have been in over a half century
do not mistake this to presume that spending should not be shaved. just as the deficit commission has presented, the solution involves increasing revenues while also decreasing expenditures
Obama, to his credit, echoed that when noting that republicans will express opposition to collecting more taxes while democrats will object to trimming government spending - especially for safety net programs
the reality is, the proposal of the deficit commission should be adopted

please again note that no one has come close to suggesting that the government appropriate the total wealth of every billionaire. stuff that straw man
 
American said:
What's more mind boggling is that the Democratic Party is made up of drunken sailors. They are a childish party of ne'erdowells, whiners, weirdos and golddiggers.
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and nothing in that post speaks to any element of Obama's proposal, explaining what about his ideas are found unreasonable
 
TurtleDude said:
what do you for living justabubba

I paid over 300K in FIT last year

how about you?
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onebilliondollars.jpg
 
justabubba said:
no one has suggested taxing such that the government takes the entirety of wealth of billionaires
but when we look back at 2000 when the shrub arrived on the scene, the government was throwing off a surplus
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No, there was no actual surplus under Clinton, he simply hid his deficit by embezzeling from the SSI trust fund. Of course Obozo can't do that now since (surprise, surprise) the projections for when SSI would start to pay out more than it took in were once again overly optimistic.
 
ggh said:
No, there was no actual surplus under Clinton, he simply hid his deficit by embezzeling from the SSI trust fund. Of course Obozo can't do that now since (surprise, surprise) the projections for when SSI would start to pay out more than it took in were once again overly optimistic.
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please cite evidence to prove your (bogus) assertion
 
While there was no surplus there is also no SSI Trust fund.
 
TurtleDude said:
a guy i grew up with was the son of a man who made millions in prefab home stuff. the son started his own company supporting that business. when dad decided to retire, he sold the business and moved to the Turks and Cacos. 50-75 million that the death tax won't get. as the economy globalizes more and more people can offshore and avoid the parasites. and those who depend on parasatizing others are going to have to take more and more from those who are left to sustain the habits of their addicted constituents
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I did the best I could, but admit I did not achieve nearly the kind of numbers that you friend above did. Enough to retire comfortably with a somewhat modest life style ( except perhaps for my wine cellar). But I will be damn if I send whatever will be in an estate, to put into a box to be doled out to underachievers. That is what tax accountants and financial advisors are for.

What most people on this site do not understand is that the debt they selfishly pile up is essentially an IOU for our kids. They will have to pay either through inflation or higher taxes. So it is really my son I am concerned about. Through his achievements he has been able to go to a great prep school and now now one of the best undergraduate business schools in the country.

I have mentioned to him that just as people of my generation moved to different states to advance their careers, that he should be comfortable to not limit his universe of where to ply his skills. Perhaps it will be in the U.S. perhaps U.K. or Hong Kong.

The U.S. for many years suceeded in part because we were able to attract the best talent in the world to live and work here. If the U.S. stays on the trajectory the opposite will happen over the next few decades. If the Obama philosophy wins the day ( it might with the percent of voters who are underachievers) then why should someone with the skills of someone like my son want to live under the yoke of having to pay for a bunch of hangers on.
 
Conservative said:
It has been proven over and over again yet you ignore it. Where is that surplus? It was a PROJECTED surplus based upon faulty assumptions. You cannot have a surplus and deficit increase each year

Debt by year

Government - Historical Debt Outstanding – Annual

Debt to the Penny (Daily History Search Application)
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and let's see what the CBO has to say:
http://www.cbo.gov/ftpdocs/108xx/doc10871/HistoricalTables.pdf

notice that during the clinton years the annual result went from negative to positive. until the shrub arrived to wreck the economy by handing out favors to wealthy friends
 
VanceMack said:
I dont care WHY he has come to the table...just THAT he has come to the table. The president doesnt pass budgets. Congress will still have the lead on this. If the house and the president are sincere then this is beneficial to the country. I hope like heck that they transcend partisanship and do the right thing. This will require hard work, sacrifice, and a willingness for all to make tough decisions.
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no, Congress does not pass budgets, not in this administartion.
you dont see what Obama is?
look,
the house passed a budget, thats thier job, but the Senate nor the president will let it through.

However when the house passed Obamacare, and the Senate was a vote short of being able to pass it, Obama simply bypassed the senate and went back to the house, and passed it.
If you dont see the hypocrisy and the my way or no way governing, I cant help you. lead you to water but you have to drink.

Obamas budget plan was not a budget plan, it was a speach, more rhetoric.
Budget plans have specifics, like the GOP plan. You want to cut the deficit, cut it, you want to play games, listen to Obama campaign himself into 2012.
 
lpast said:
Thats only your opinion and of course its just as valuable as anyone elses opinion...but just an opinion none the less, I dont think ryan is anywhere near as good a speaker as obama and I dont like obama one bit
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I also think Ryan & Boener are better looking than Obama. HA! Ryan has those huge blue eyes. Yowzer! Ryan says more when he's speaking than Obama does. He also isn't afraid to dig Obama. People feel we're going in the wrong direction. The Reps will have to play that card. We can't have another 4 yrs of Obama. If he gets to appoint another Justice to the SC, that's super scary.
 
justabubba said:
and let's see what the CBO has to say:
http://www.cbo.gov/ftpdocs/108xx/doc10871/HistoricalTables.pdf

notice that during the clinton years the annual result went from negative to positive. until the shrub arrived to wreck the economy by handing out favors to wealthy friends
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The CBO makes projections, the Treasury captures actual numbers. We pay debt service on the Treasury numbers, not the CBO. I continue to be amazed at how people through out the CBO Projections as accurate

By the way, debt is made up of public and intergovt. holdings. When you take money from intergovt. holdings(SS) and put it onto the budget you lower the deficit in public debt and will create a surplus but that isn't the total picture nor is it accurate in calculating the deficit by year which is public debt PLUS intergovt. holdings.
 
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Jetboogieman said:
Let me tell you something.

Obama is setting up the GOP in a nice tidy box... Now the GOP will need a misinformation campaign so tall it could fall over.

Elections are won and lost not on who's actually the most fit to lead or anything like that...

The GOP needs to be very, very careful because Obama is gonna play the populist card and if it works, the GOP are going to look like the riches pet, raising taxes on the rich is relatively popular amog independents (folks that wins elections)

Be careful repubs, Obama is not as stupid as you think.
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He's got the media with him, so it will be tough, but I wouldn't underestimate the GOP. Raising taxes on the rich is popular, but it's also very scary. Jobs creation could get stifled, unemployment may go up. He's playing that rich card to death. He's got class warfare down pat. Fact is he can tax the wealthy to death, and he's still going to have to hit the MC, eventually. I personally think he has no clue what he's doing.
 
shades said:
yea thats real cute and evrything, congrats,
but lets talk about NOW, novel idea I know for a Bush basher.
move on kid
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Not cute at all, dishonest is better, Debt EQUALS Public Deficit PLUS Intergovt. Holdings. Intergovt. holdings is where SS goes and where it was supposed to stay until LBJ put it on budget.
 
shades said:
yea thats real cute and evrything, congrats,
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the kudos go to the CBO for presenting the data to document clinton moved our nation from annual deficit to annual surplus

but lets talk about NOW, novel idea I know for a Bush basher.
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it appears you have (conveniently) missed the point
my earlier post referenced the revenue gain from taxing the rich as clinton did
the economy boomed and jobs were bountiful
then the shrub did the opposite, cutting taxes on the wealthy and the economy tanked

yet the republican mantra for any problem is "tax cuts"
we can see from our current economic malaise that "tax cuts" is certainly not the answer
it was not true during the dicknbush regime
it is not true TODAY

move on kid
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sorry, but i will speak the truth, especially in response to stupidity
 
Marilyn Monroe said:
He's got the media with him, so it will be tough, but I wouldn't underestimate the GOP. Raising taxes on the rich is popular, but it's also very scary. Jobs creation could get stifled, unemployment may go up. He's playing that rich card to death. He's got class warfare down pat. Fact is he can tax the wealthy to death, and he's still going to have to hit the MC, eventually. I personally think he has no clue what he's doing.
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Obama is a leftwing ideologue who believes in a large central govt. and the nanny state. I believe he knows exactly what he is doing and that is destroying the foundation upon which this country was built.
 
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