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Obama Makes New Budget Sales Pitch; GOP Strikes Back

You are conflating "debt" with "deficit."

In many ways, they are much the same thing...unless you want to pick apart the yearly fluctuations and expenditures....if so...find a damn economist with a couple months of free time.



And why is spending still at the same level three years after the supposed one-time "stimulus"?

Do you actually have such limited understanding of the way economy works...that you would expect a yearly change in the position of growth to be some huge increase...if so, just STFU.




No idea what you're talking about.

No....Really?
 
You very much do! Unless you cut the budget in accordance with a tax cut you are "spending money" on a tax cut...

wrong, tax cuts cost nothing. do they impact the ability of the government to spend (waste) money? of course, but those are not costs
 
wrong, tax cuts cost nothing. do they impact the ability of the government to spend (waste) money? of course, but those are not costs

Great point. Of course, give credit where credit is due. At least he put something out there. Still waiting on Harry Reid and his cronies to put something out. Been waiting since 2010 and he says we won't get one this year either. I'm sure my fellow Tea Partiers have seen this, but I doubt others have.

Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385
It can't get much simpler than that.
 
Great point. Of course, give credit where credit is due. At least he put something out there. Still waiting on Harry Reid and his cronies to put something out. Been waiting since 2010 and he says we won't get one this year either. I'm sure my fellow Tea Partiers have seen this, but I doubt others have.

Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385
It can't get much simpler than that.


Your mistake is assuming the average household is perpetual like a nation state is or a rockefeler household is.
 
This puts our spending in perspective with what the rest of the world spends on military:

This puts our spending in perspective with our own federal budget:

Defense Outlays.JPGHHS Spending.JPGDefense vs Healthcare.JPG
 
So obviously our current health care ain't doing so great financially.....what do you propose we do about that?

Ain't that the trillion dollar question. How about something that makes that line go down?
 
Your mistake is assuming the average household is perpetual like a nation state is or a rockefeler household is.

because..... government can print it's own money? because government has the ability to sell it's children into hoc whereas parents do not? what good thing can the government do that is not reflectable in the budget he gave?
 
And your suggestion is?

perhaps we could start with something that has already been proven to work?

I mean, there have been plenty of models that have demonstrated the one common general theme (allow health insurance to act like insurance and force people to cover non-catastrophic / regular costs themselves at the point of purchase); generally, let a market develop. I've posted (before) a whole host of programs that have demonstrated precisely that cost-cutting ability.
 
We couldn't even maintain a modern navy on that, and just when China is building up you want to cut our defenses. What did you do, take an oath to defend the Chinese constitution?

If we cut back to $250 billion we would still be spending more than twice as much as China. But we'll only do that when people decide to get serious about debt reduction.
 
Until they win control of the government again, at which point it'll be the same "spend, spend, spend" that we saw the first few years of the Bush administration. Not that the Democrats did anything to change that, but this idea that Republicans will balance the budget is laughable.

Romney has already promised big new tax cuts for the rich and increased military spending. That just sounds to me like the Bush Administration all over again.
 
This puts our spending in perspective with our own federal budget:

Because military threats to the US are proportional to our GDP??? That's not the way it works. We just need to spend more then the next biggest military spender. For the last decade we have spent almost as much as the rest of the world COMBINED!!!

We will never reduce our debt at this rate.
 
Because military threats to the US are proportional to our GDP??? That's not the way it works. We just need to spend more then the next biggest military spender. For the last decade we have spent almost as much as the rest of the world COMBINED!!!

We will never reduce our debt at this rate.

Dude, I am so sick of hearing you complain about military costs. The DOD is THE ONLY department of the friggin gov't that has actually cut its costs and presented a plan to be fiscally responsible. Whats your excuse for the FACT that the DOD has just proposed ANOTHER budget that cuts more spending while your POTUS wants to spend 1.3 Trillion dollars on the hope (he loves that word) that it will come back due to some huge economic turn around that he thinks is going to happen? Or, like I posted earlier, at least he put something on the table! Your Dem controlled Senate can't even tell us what they're spending! They have proposed no budget since 2009. We don't even know what our gov't is doing right now. Great transparency there. Not to mention that its criminal. But of course, you and people like you would say it was political posturing if the House brought charges against Harry Reid and the Senate for breaking the law. Its time for you and libs like you to pull your head out of your butt and recongnize the fact that Obama is trying to get re-elected and he doesn't care what it will cost to get him there.
 
If we cut back to $250 billion we would still be spending more than twice as much as China. But we'll only do that when people decide to get serious about debt reduction.

This from the guy who voted for the POTUS that increased our debt by 5 trillion in 4 years, probably voted for a Dem in the Senate that can't publish a budget, and scoffs at every attempt by a conservative to present a spending cut. Yeah, the right's the one not serious though huh?
 
Until they win control of the government again, at which point it'll be the same "spend, spend, spend" that we saw the first few years of the Bush administration. Not that the Democrats did anything to change that, but this idea that Republicans will balance the budget is laughable.

Don't come crying to me, baby, Catawba made a claim that was untrue. And I slammed his ass down for lying, but good. PWNED!!!
 
Because military threats to the US are proportional to our GDP??? That's not the way it works. We just need to spend more then the next biggest military spender. For the last decade we have spent almost as much as the rest of the world COMBINED!!!

We will never reduce our debt at this rate.

Why dont do you actually read the chart? It's percentage of our spending NOT our GDP. When looking at the size of our budget percentage of Total Outlays is VERY relevant, and you can see defense as a total percentage of the budget is at all time lows. What's your obsession with what other countries are spending? We should make our fiscal and defense decision based on what other countries are doing? No, why don't we look at the budget as it stands and realize we can cut defense all we want and it still won't make a lick of difference.
 
Your mistake is assuming the average household is perpetual like a nation state is or a rockefeler household is.


Your mistake is assuming treating it like an average household wont balance it.
 
Dude, I am so sick of hearing you complain about military costs. The DOD is THE ONLY department of the friggin gov't that has actually cut its costs and presented a plan to be fiscally responsible. Whats your excuse for the FACT that the DOD has just proposed ANOTHER budget that cuts more spending while your POTUS wants to spend 1.3 Trillion dollars on the hope (he loves that word) that it will come back due to some huge economic turn around that he thinks is going to happen? Or, like I posted earlier, at least he put something on the table! Your Dem controlled Senate can't even tell us what they're spending! They have proposed no budget since 2009. We don't even know what our gov't is doing right now. Great transparency there. Not to mention that its criminal. But of course, you and people like you would say it was political posturing if the House brought charges against Harry Reid and the Senate for breaking the law. Its time for you and libs like you to pull your head out of your butt and recongnize the fact that Obama is trying to get re-elected and he doesn't care what it will cost to get him there.

So ... you seem to be arguing against defense cuts, and yet you support Ron Paul who would absolutely decimate defense spending -- to a degree far in excess of anything Obama has proposed. What's up with that?
 
Why dont do you actually read the chart? It's percentage of our spending NOT our GDP. When looking at the size of our budget percentage of Total Outlays is VERY relevant, and you can see defense as a total percentage of the budget is at all time lows. What's your obsession with what other countries are spending? We should make our fiscal and defense decision based on what other countries are doing? No, why don't we look at the budget as it stands and realize we can cut defense all we want and it still won't make a lick of difference.

What is the purpose of defense spending? Is it to defend us against other countries? I believe it is. Therefore it seems pretty reaonable to compare what we're spending to what others are spending.

OTOH, it doesn't make any sense at all to simply look at defense spending as a percentage of total spending, without considering the need for defense spending. DOD spending has shrunk as a percentage largely as a result of increased Medicare spending.
 
perhaps we could start with something that has already been proven to work?

I mean, there have been plenty of models that have demonstrated the one common general theme (allow health insurance to act like insurance and force people to cover non-catastrophic / regular costs themselves at the point of purchase); generally, let a market develop. I've posted (before) a whole host of programs that have demonstrated precisely that cost-cutting ability.

Seems that not all conservatives believe that Daniels' plan has been proven to work. Daniels and Obamacare, Round Two - Michael F. Cannon - National Review Online

What has been proven to work, however, is single payer. Virtually every other advanced country has it in some form and on average they pay about HALF what we do per capita on medical care.
 
wrong, tax cuts cost nothing. do they impact the ability of the government to spend (waste) money? of course, but those are not costs

They AT LEAST if not offset by budget cuts cost the interests that incurred by borrowing money to pay functions the tax cuts use to pay for.
 
Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385
It can't get much simpler than that.

Why do you think no Conservative President has ever cut the budget? Why do they always pass tax cuts and never touch the underlying spending? Because it's not that simple. Because they know that cutting government spending is generally contractive economic policy and causing a recession as President is the sure fire way to get voted out.
 
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Dude, I am so sick of hearing you complain about military costs. The DOD is THE ONLY department of the friggin gov't that has actually cut its costs and presented a plan to be fiscally responsible. Whats your excuse for the FACT that the DOD has just proposed ANOTHER budget that cuts more spending while your POTUS wants to spend 1.3 Trillion dollars on the hope (he loves that word) that it will come back due to some huge economic turn around that he thinks is going to happen? Or, like I posted earlier, at least he put something on the table! Your Dem controlled Senate can't even tell us what they're spending! They have proposed no budget since 2009. We don't even know what our gov't is doing right now. Great transparency there. Not to mention that its criminal. But of course, you and people like you would say it was political posturing if the House brought charges against Harry Reid and the Senate for breaking the law. Its time for you and libs like you to pull your head out of your butt and recongnize the fact that Obama is trying to get re-elected and he doesn't care what it will cost to get him there.


Romney proposes spending even more with less revenue which is going to mean even more debt. No thanks!
 
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