Eighty (80) Billion a year in taxes just to pay for the interest on the Bush deficits SO FAR!

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techs

Lifer
Sep 26, 2000
28,559
4
0
Originally posted by: rickn
Originally posted by: Sheik Yerbouti
And on cue, the apologists chime in. Yea zenny, it's all social security. And dumbya's brilliant plan was squashed by the liberal media.

zendari is just barely out of purberty, what's he got to worry about SS for. it won't be around for him
If the US is still a democracy there will be a Social Security for zendummy.
People seem to think that just because we don't have the money for SS somehow its is going to end? We don't have the money for our current budget but we are still spending like madmen.
No, what will happen, if we are a democracy, is SS will be cut somewhat, taxes will go way up and the US will sell off its assets and the budget for things like the military will go down to the absolute minimum.
Before seniors starve and die in the streets America will sell off its current assets and give up its military might. In fact I think that will be another countries price for bailing us out of our SS problem. We will sell our military might to some country like China.
And our kids will live in a world of tyrants where life is cheap.

 

1EZduzit

Lifer
Feb 4, 2002
11,833
1
0
Originally posted by: techs
Originally posted by: rickn
Originally posted by: Sheik Yerbouti
And on cue, the apologists chime in. Yea zenny, it's all social security. And dumbya's brilliant plan was squashed by the liberal media.

zendari is just barely out of purberty, what's he got to worry about SS for. it won't be around for him
If the US is still a democracy there will be a Social Security for zendummy.
People seem to think that just because we don't have the money for SS somehow its is going to end? We don't have the money for our current budget but we are still spending like madmen.
No, what will happen, if we are a democracy, is SS will be cut somewhat, taxes will go way up and the US will sell off its assets and the budget for things like the military will go down to the absolute minimum.
Before seniors starve and die in the streets America will sell off its current assets and give up its military might. In fact I think that will be another countries price for bailing us out of our SS problem. We will sell our military might to some country like China.
And our kids will live in a world of tyrants where life is cheap.

Yes, but that bad man Saddam is no longer in power and Iraq is a democracy.
 

GroundedSailor

Platinum Member
Feb 18, 2001
2,502
0
76
Originally posted by: BlancoNino
Don't forget that wars are expensive and so is the liberal introduced medicare and medicaid chunk of the pie chart.

The cost/benefit analysis of the war is heavily against us as opposed to the cost/benefit analysis of medicare and medicaid which helps everyday ordinary people. War benefits the military industrial complex. War is a destroyer.

The same money can be used in so many better ways to the benefit of this nation.


 

blackllotus

Golden Member
May 30, 2005
1,875
0
0
Originally posted by: 1EZduzit
Originally posted by: techs
Originally posted by: rickn
Originally posted by: Sheik Yerbouti
And on cue, the apologists chime in. Yea zenny, it's all social security. And dumbya's brilliant plan was squashed by the liberal media.

zendari is just barely out of purberty, what's he got to worry about SS for. it won't be around for him
If the US is still a democracy there will be a Social Security for zendummy.
People seem to think that just because we don't have the money for SS somehow its is going to end? We don't have the money for our current budget but we are still spending like madmen.
No, what will happen, if we are a democracy, is SS will be cut somewhat, taxes will go way up and the US will sell off its assets and the budget for things like the military will go down to the absolute minimum.
Before seniors starve and die in the streets America will sell off its current assets and give up its military might. In fact I think that will be another countries price for bailing us out of our SS problem. We will sell our military might to some country like China.
And our kids will live in a world of tyrants where life is cheap.

Yes, but that bad man Saddam is no longer in power and Iraq is a democracy.

Iraq is still a POS, democracy or not

EDIT: To be fair, I am not claiming it will always be that way
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
0
Originally posted by: blackllotus
Originally posted by: 1EZduzit
Originally posted by: techs
Originally posted by: rickn
Originally posted by: Sheik Yerbouti
And on cue, the apologists chime in. Yea zenny, it's all social security. And dumbya's brilliant plan was squashed by the liberal media.

zendari is just barely out of purberty, what's he got to worry about SS for. it won't be around for him
If the US is still a democracy there will be a Social Security for zendummy.
People seem to think that just because we don't have the money for SS somehow its is going to end? We don't have the money for our current budget but we are still spending like madmen.
No, what will happen, if we are a democracy, is SS will be cut somewhat, taxes will go way up and the US will sell off its assets and the budget for things like the military will go down to the absolute minimum.
Before seniors starve and die in the streets America will sell off its current assets and give up its military might. In fact I think that will be another countries price for bailing us out of our SS problem. We will sell our military might to some country like China.
And our kids will live in a world of tyrants where life is cheap.

Yes, but that bad man Saddam is no longer in power and Iraq is a democracy.

Iraq is still a POS, democracy or not

EDIT: To be fair, I am not claiming it will always be that way

I think 1EZduzit was being sarcastic.
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
0
Originally posted by: alchemize
It's sick and neither party gives a crap.

Really unfortunate that the American public is usually WAAAAY ahead of Congress on just about everything.
 

Legend

Platinum Member
Apr 21, 2005
2,254
1
0
Both parties are increasing spending.

However, Republicans are supposed to be fiscally conservative. If anything they've proved to be more liberal than democrats recently. At least Democrats are going to use it on social programs.

But fvck them both, I'm voting Libertarian.
 

Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
Its really amazing how jaded AMericans have become towards politicians of all sorts the last few years. We've finally realized they dont give a crap about us, as long as we keep voting them into office.
 

Specop 007

Diamond Member
Jan 31, 2005
9,454
0
0
Originally posted by: Sheik Yerbouti
Originally posted by: BlancoNino
Don't forget that wars are expensive and so is the liberal introduced medicare and medicaid chunk of the pie chart.

Trumped up wars based on lies are even more expensive. Yea, those damned liberals that want to help the poor and the elderly. You're an ass. If it wasn't for medicaid I would have died 11 years ago, it paid for most of my heart surgery, and my parents use medicare to assist them with the numerous prescriptions they use as well as doctors appointments.
Maybe we should take these dregs of society out to a field and shoot them. They serve no useful purpose, right? I mean what actual contributions to society do they make? I hope you and zenny get your wish and subsequently need the aforementioned policies and they aren't there.

Its nice to see you can piss your money away on internet connections, computers and games while *I* pay to for all your medical coverage.

Maybe you should man up and be a RESPONSIBLE ADULT and pay for your own health care.
Oh gee, that scary scary word "Responsible"......... :disgust:
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: techs
http://www.publicdebt.treas.gov/opd/opdpenny.htm

From this site I get that the US deficit when Bush tool office was 5.7 trillion dollars.
As of yesterday, April 20 it was at 8.34 Trillion. We still have about 2/3 of a year to go on our project 500 billion deficit for this year which adds another 322 billion to the deficit by the end of 2006. Which makes a total of Bush deficit since he took office of 3 TRILLION dollars.

At 3 percent interest the US government is paying 90 billion in interest every year JUST ON WHAT BUSH HAS BORROWED HIS FIRST 6 YEARS IN OFFICE.
How much is 90 billion? The entire Buish tax cut for one year for 98 percent of all Americans was 175 billion dollars. So every two years we are paying BACK one years tax cut.

Hey,, lets say Bush only puts us another 800 Billion in the whole in his last two years.
That means that we will be paying about 115 Billion dollars every year from now on, JUST ON BUSHES deficit.

Wow. Just wow.


Adjust for inflation and you will find that the interest payments are largely unchanged. That still does not excuse the overspending in DC.
 

marincounty

Diamond Member
Nov 16, 2005
3,227
5
76
I think you need to add in the approximately $200 billion they are spending (stealing) from Social Security every year. The deficits are way worse than you can imagine. Does anyone remember "surpluses as far as we can see"?
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: marincounty
I think you need to add in the approximately $200 billion they are spending (stealing) from Social Security every year. The deficits are way worse than you can imagine. Does anyone remember "surpluses as far as we can see"?

SS maybe being raided more, but the net interest payments are largely unchanged if you adjust to inflation.
 

43st

Diamond Member
Nov 7, 2001
3,197
0
0
Originally posted by: Engineer
Originally posted by: alchemize
It's sick and neither party gives a crap.

QFT! :beer:

One party of the two would not be in Iraq right now.
One party of the two would not sell out the environment.
One party of the two would not have the CIA spy on it's citizens.
One party of the two would not have killed FEMA when it was needed.

So you have lobbiest money, corruption, and blow jobs left. And those are not party specific. I'll take that chance anyday.
 

rchiu

Diamond Member
Jun 8, 2002
3,846
0
0
Originally posted by: bamacre
Originally posted by: JacobJ
I believe that bush is very purposefully trying to destroy our government.

If he were, what's in it for him and his cronies?

All those money he spent has to go some where right? Hint, which industry made the biggest bug during Bush's term, and what kinda business Bush was in before he got into politics.
 

maluckey

Platinum Member
Jan 31, 2003
2,933
0
71
I don't get the big deal here..the United States loses/spends 107 million per year just to to make pennies that nobody can use to buy anything at all. With the world shortages of copper, one would think that the govt. could eliminate the penny and save the money and resources for industry in the future.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: maluckey
I don't get the big deal here..the United States loses/spends 107 million per year just to to make pennies that nobody can use to buy anything at all. With the world shortages of copper, one would think that the govt. could eliminate the penny and save the money and resources for industry in the future.

We've discussed this before and I'm all for elimination of the penny. Also, there is very little (if any) copper in pennies any more.
 

techs

Lifer
Sep 26, 2000
28,559
4
0
Originally posted by: maluckey
I don't get the big deal here..the United States loses/spends 107 million per year just to to make pennies that nobody can use to buy anything at all. With the world shortages of copper, one would think that the govt. could eliminate the penny and save the money and resources for industry in the future.
Pennies are almost all made of nickel. Very little copper.

 

BlancoNino

Diamond Member
Oct 31, 2005
5,695
0
0
I say we slash ALL federal government funding except for the military and homeland security (homeland security can be kept but should be restructured and less expensive).

I say we heighten the war efforts to the max (more troops, more tanks, more bombs, etc) so that we can get our jobs done with and get this stuff done with.

With an expensive war out of the way and the money we save on slashing the stupid handouts we can pay off the debt and get this stuff out of the way.

http://www.nationalpriorities.org/index...com_content&task=view&id=37&Itemid=110

I don't know how biased that website is, but I've seen some where it's completely anti-military and they twist the pie chart to make it look like we spend too much on military and I've seen ones that twist it to make it look like we spend too much on social programs.

But as you can see, we can save a lot of money if we slash all this other stuff and shift the funding (especially education and transportation) back to the states. Hell if we just slash medicaid ALONE we would be able to pay back the interest every year AND start eliminating the debt. Man I'm a genius!
 

techs

Lifer
Sep 26, 2000
28,559
4
0
Originally posted by: BlancoNino
I say we slash ALL federal government funding except for the military and homeland security (homeland security can be kept but should be restructured and less expensive).

I say we heighten the war efforts to the max (more troops, more tanks, more bombs, etc) so that we can get our jobs done with and get this stuff done with.

With an expensive war out of the way and the money we save on slashing the stupid handouts we can pay off the debt and get this stuff out of the way.

http://www.nationalpriorities.org/index...com_content&task=view&id=37&Itemid=110

I don't know how biased that website is, but I've seen some where it's completely anti-military and they twist the pie chart to make it look like we spend too much on military and I've seen ones that twist it to make it look like we spend too much on social programs.

But as you can see, we can save a lot of money if we slash all this other stuff and shift the funding (especially education and transportation) back to the states. Hell if we just slash medicaid ALONE we would be able to pay back the interest every year AND start eliminating the debt. Man I'm a genius!
If there is ANYTHING we have learned it should be that modern industrial countries cannot go back to policies that worked when those countries were farmland.
What we should be learning is that the modern industrial country cannot compete with governments that work with industry to achieve economic and strategic goals, like S. Korea, China.
We need an effecient system of government service to compete. Not the failed policies of the 1920's.

 

BlancoNino

Diamond Member
Oct 31, 2005
5,695
0
0
Originally posted by: techs

If there is ANYTHING we have learned it should be that modern industrial countries cannot go back to policies that worked when those countries were farmland.
What we should be learning is that the modern industrial country cannot compete with governments that work with industry to achieve economic and strategic goals, like S. Korea, China.
We need an effecient system of government service to compete. Not the failed policies of the 1920's.

How are medicare, medicaid, and social security policies related to helping the industry achieve economic and strategic goals?

 

Specop 007

Diamond Member
Jan 31, 2005
9,454
0
0
Originally posted by: techs
Originally posted by: maluckey
I don't get the big deal here..the United States loses/spends 107 million per year just to to make pennies that nobody can use to buy anything at all. With the world shortages of copper, one would think that the govt. could eliminate the penny and save the money and resources for industry in the future.
Pennies are almost all made of nickel. Very little copper.

7/10ths of a cent worth of copper.
 

brownzilla786

Senior member
Dec 18, 2005
904
0
0
Originally posted by: K1052
Originally posted by: Lemon law
Techs,

You are too much of an optimist------even if we are paying 3%--much of that is short term debt---and in event of inflation can well go up to 15% at a drop of that hat. Which means--bottom line---China nows owns us.

Another of those GWB gifts that keep giving and giving and giving.

But in the words of the immortal Alfred E. Newman-----"what me worry"---which seems to explain the American electorate.

But I am not merely worried---I am damn near scared to death.

Everyone always says China, China, China when actually Japan holds almost three times as much of our public securities.
http://www.ustreas.gov/tic/mfh.txt

Japan owns us, china owns the world
 

DickFnTracy

Banned
Dec 8, 2005
126
0
0
Originally posted by: techs
Originally posted by: maluckey
I don't get the big deal here..the United States loses/spends 107 million per year just to to make pennies that nobody can use to buy anything at all. With the world shortages of copper, one would think that the govt. could eliminate the penny and save the money and resources for industry in the future.
Pennies are almost all made of nickel. Very little copper.


Pennies are about 98% zinc not nickel.

Are you ever right about anything?