$900,000,000,000 estimated to be borrowed by the Federal Government ...

[GenHoth]

Originally posted by: bamacre
Quit your bickering. Neither Obama nor McCain would do what is necessary.

Besides, its not like McCain has a chance anyway.

QFT, neither of them is going to fix the problem.

 

[heyheybooboo]

Originally posted by: GenHoth

Originally posted by: bamacre
Quit your bickering. Neither Obama nor McCain would do what is necessary.

Besides, its not like McCain has a chance anyway.

QFT, neither of them is going to fix the problem.

Obama has pledged to follow PayGo. Obama said:

"I am a strong believer in pay-go, adhering to pay-go means that if I couldn't find the revenues or reduce spending in other areas, then I couldn't pay for my proposals."

McRage, as typical, flip-flopped. After railing against the Bush Tax Cuts in 2002 for their violation of PayGo (which the Republican Congress let expire), McRage fudged and pandered and said he supports extending the Bush Tax Cuts (which he initially voted against).

 

[ElFenix]

up until late last year we'd been on track to balance the budget by may 09

 

[Blackjack200]

Originally posted by: winnar111

Originally posted by: Blackjack200

Originally posted by: winnar111
Sounds like we need more welfare and health care handouts.

Yeah, more tax cuts for the rich and a bigger military too.

Our military is a lot smaller than it was under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter. And the rich pay more taxes than under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter.

Of course the military is smaller, we outsource most of the operations to blackwater and other mercenaries.

Of course the rich pay more taxes. Everyone pays more taxes. The rich just pay a lower share than they used to.

Man, is it any wonder that all the dumb states vote republican?

 

[Mursilis]

Originally posted by: chess9

Deficits do matter. Those who say otherwise are idiots.

-Robert

From a political standpoint, they don't. Voters don't care about deficits. Most of them aren't saving much, and only think short-term. They want the gov't to bail their dumbasses out, and don't care how much it costs. How many voters can even tell you what the deficit (within $100B) or national debt (within $1T) is?

 

[Mursilis]

Originally posted by: heyheybooboo
Republican fiscal conservatism is a lie.

So's Democratic fiscal conservatism. When's the last time a Democratic Congress balanced the budget? And don't hold your breath waiting for this one either. It's too busy giving away billions to dumb, greedy bankers.

 

[Mursilis]

Originally posted by: heyheybooboo

Originally posted by: GenHoth

Originally posted by: bamacre
Quit your bickering. Neither Obama nor McCain would do what is necessary.

Besides, its not like McCain has a chance anyway.

QFT, neither of them is going to fix the problem.

Obama has pledged to follow PayGo.

On the campaign trail, he's said lots of things, but only fools believe him.

 

[StageLeft]

At least GSachs got their bonuses, so it's not all bad.

From a political standpoint, they don't. Voters don't care about deficits. Most of them aren't saving much, and only think short-term. They want the gov't to bail their dumbasses out, and don't care how much it costs. How many voters can even tell you what the deficit (within $100B) or national debt (within $1T) is?

Agree 100%.

 

[heyheybooboo]

Originally posted by: Mursilis

Originally posted by: heyheybooboo
Republican fiscal conservatism is a lie.

So's Democratic fiscal conservatism. When's the last time a Democratic Congress balanced the budget? And don't hold your breath waiting for this one either. It's too busy giving away billions to dumb, greedy bankers.

Nice duhversion.

You Fail and are simply intellectually dishonest, a partisan hack, troll and thread-crapping tool who has nothing of substance to add.

PayGo was first enacted in 1990 by the Democratic Congress as part of the Omnibus budget act and required all increases in direct spending or revenue decreases to be offset by other spending decreases or revenue increases. The recession of the early 1990s and The Gulf War limited the impact of the PayGo rules.

Following up on PayGo, the 1993 budget agreement raised some taxes (the "Clinton" tax rates under which Obama has proposed operating) and put a lid on discretionary spending for both defense and non-defense purposes. At this time the operating deficit in the Unified Budget exceeded $300 billion.

The deficit in the Unified Budget was $22 billion in the fiscal year ending September 30, 1997, and in FY 1998 the Federal budget reported a surplus of $69 billion, the first surplus since 1969. The surplus in FY1998 reduced Federal debt held by the public by over $50 billion.



Take your BS somewhere else.

Effectively for 3 years in FY1998, FY1999 and FY2000 the Unified Federal Budget was balanced

 

[LegendKiller]

Originally posted by: winnar111

Originally posted by: Blackjack200

Originally posted by: winnar111
Sounds like we need more welfare and health care handouts.

Yeah, more tax cuts for the rich and a bigger military too.

Our military is a lot smaller than it was under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter. And the rich pay more taxes than under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter.

The lethality of our military is far higher than what it was under any of those presidencies. Besides, we don't need a huge military.

I love all of these advocates for the "rich" when the vast majority of people here will never even get close to the point when Obama's plan results in a tax increase.

It's as if these idiots think the rich give a flying fuck through a rolling donut about them, yet they still advocate the rich's cause.

 

[bamacre]

Originally posted by: LegendKiller

Originally posted by: winnar111

Originally posted by: Blackjack200

Originally posted by: winnar111
Sounds like we need more welfare and health care handouts.

Yeah, more tax cuts for the rich and a bigger military too.

Our military is a lot smaller than it was under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter. And the rich pay more taxes than under Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, and Carter.

The lethality of our military is far higher than what it was under any of those presidencies. Besides, we don't need a huge military.

I love all of these advocates for the "rich" when the vast majority of people here will never even get close to the point when Obama's plan results in a tax increase.

It's as if these idiots think the rich give a flying fuck through a rolling donut about them, yet they still advocate the rich's cause.

Well, you don't have to be gay to support gay marriage.

With the current debt total, I'm not against the tax increases for the rich, but lowering taxes for everyone else at the same time is wrong, IMO. That's nothing short of buying votes.