Obama to propose $3.99 trillion budget

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michal1980

Diamond Member
Mar 7, 2003
8,019
43
91
Because he's like all Keynesian economists. Economy bad, spend more, economy good, double down on spending.
 
P

PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
Bad economy: "we need government to spend more, to get the economy back in gear. Right now is the worst time to cut back, we need to spend more!"

Good economy: "times are good, we can finally do all that stuff we couldn't afford to do before. Spend more!".

Result: 18 trillion in debt and counting.
 
ivwshane

ivwshane

Lifer
May 15, 2000
33,373
16,760
136
Repubs--"but what about the middle class and the growing wealth gap?!"

Obama--"here's a budget that will address some of that"

Repubs--"more government spending and tax increases!"

Obama--"it's spending on needed infrastructure and tax decreases for the lower and middle class paid for by tax increases on the wealthy by raising taxes on capital gains and profits kept out of America"

Repubs--"sorry, no! Try helping the middle class some other way, we've got to protect the wealthy. And no we have no ideas on how to do that"

Damned if you do and damned if you don't.

Either lead, follow, or get the fuck out of the way!
 
glenn1

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
I'm fine with the infrastructure spending. The tax cuts should be in rates instead of yet more credits further cluttering the tax system. I'd rather cut bottom rate from 10% to 8% for example rather than child care credits, etc. as it stupidly gives arbitrary benefits to some poor persons but not others.

Oppose the expansion of DoD funding. Oppose further subsidizing the higher education complex even though "free" 2 year college would benefit some; if anything we should start exploiting the MOOC model more and "traditional" colleges far less.
 
boomerang

boomerang

Lifer
Jun 19, 2000
18,883
641
126
PokerGuy said:
Bad economy: "we need government to spend more, to get the economy back in gear. Right now is the worst time to cut back, we need to spend more!"

Good economy: "times are good, we can finally do all that stuff we couldn't afford to do before. Spend more!".

Result: 18 trillion in debt and counting.
Click to expand...
Remember too that it's not their money they're spending. Of course it's no longer our money but it's not their money, it's just money. Oh, along with the borrowed money. Lots of that.
 
C

chowderhead

Platinum Member
Dec 7, 1999
2,633
263
126
ivwshane said:
Repubs--"but what about the middle class and the growing wealth gap?!"

Obama--"here's a budget that will address some of that"

Repubs--"more government spending and tax increases!"

Obama--"it's spending on needed infrastructure and tax decreases for the lower and middle class paid for by tax increases on the wealthy by raising taxes on capital gains and profits kept out of America"

Repubs--"sorry, no! Try helping the middle class some other way, we've got to protect the wealthy. And no we have no ideas on how to do that"

Damned if you do and damned if you don't.

Either lead, follow, or get the fuck out of the way!
Click to expand...

Clinton surplus and path to paying down the debt
Republicans get in and want tax cuts and engage in 2 unfounded wars
Obama elected
Republican want tax cuts
Look at Kansas as to what the model of the modern Republican Party.
 
BoberFett

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
chowderhead said:
Clinton surplus and path to paying down the debt
Republicans get in and want tax cuts and engage in 2 unfounded wars
Obama elected
Republican want tax cuts
Look at Kansas as to what the model of the modern Republican Party.
Click to expand...

And which blue state's public school system is responsible for the nonsensical jumble of words you just typed?
 
F

fskimospy

Elite Member
Mar 10, 2006
87,679
54,677
136
TheSiege said:
http://www.usatoday.com/story/news/nation/2015/02/02/obama-budget-399-trillion-republicans/22695611/

Really? While I agree with some of his new ideas, community college, and STEM financing. I am just baffled that we can't reduce our deficit. And why do we need more defense spending?

Anyway, its DOA, so I guess its moot. But there it is
Click to expand...

The deficit is currently down to its historical average, just so you know. Considering that we still have no inflation, why would you want to cut spending more considering weak wage growth, etc?

The economy still isn't good. It's better than it was, but it's not good. This obsession with the deficit is what has screwed over so many other countries, and I'm sure you don't want us to end up like them.
 
G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
I like the infrastructure plan. But really?

The plan includes a $478 billion public works infrastructure program for roads, bridges, and transit systems, to be financed by taxes on overseas earnings.
Click to expand...

So expect to see more companies not bringing money back stateside.
 
F

fskimospy

Elite Member
Mar 10, 2006
87,679
54,677
136
Genx87 said:
I like the infrastructure plan. But really?

So expect to see more companies not bringing money back stateside.
Click to expand...

Unlikely. Obama's new corporate tax plan probably deserves its own thread, but that's specifically accounted for.
 
Matt1970

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
eskimospy said:
The deficit is currently down to its historical average, just so you know. Considering that we still have no inflation, why would you want to cut spending more considering weak wage growth, etc?

The economy still isn't good. It's better than it was, but it's not good. This obsession with the deficit is what has screwed over so many other countries, and I'm sure you don't want us to end up like them.
Click to expand...

The historical average that brought our lovely $18 Trillion debt?
 
Matt1970

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
ivwshane said:
Repubs--"but what about the middle class and the growing wealth gap?!"

Obama--"here's a budget that will address some of that"
Click to expand...


200.gif
 
Matt1970

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
ivwshane said:
I'm guessing you are the one on the right? You shouldn't sell yourself short like that, I'm confident you can do more than the low intelligence work they do;)
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The hilarity out of you just won't stop. Tell me another.
 
Doc Savage Fan

Doc Savage Fan

Lifer
Nov 30, 2006
15,456
389
121
I don't get how taxing the rich is supposed to significantly help the middle class? Also, it seems to me like the definition of "rich" is now eroding into the upper middle class.
 
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C

cubby1223

Lifer
May 24, 2004
13,518
42
86
Please
http://www.reuters.com/article/2015/02/01/us-usa-budget-tax-idUSKBN0L51IX20150201

Obama and the Dems are either (1) strictly playing the election game, or (2) really don't have a clue how much businesses don't need to be headquartered in the U.S.

Businesses are not climbing over one another for the opportunity to be centered within the U.S.

ivwshane, whether you want to admit it or not, you are a shill who enjoys the game of conflict and argument against those you wish to look down upon, far more than you care about any accuracy over the things you talk about.
 
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Lash444

Golden Member
Sep 17, 2002
1,708
64
91
I am always amazed at how many times I see Republicans point out that the national debt is 18 trillion under Obama.

It would be like Pete Carroll doing a press conference and saying that he couldn't believe how bad of an interception Wilson threw at the end of the game.

I guess if you didn't know shit about football, you could chalk that one up on the QB.
 
M

michal1980

Diamond Member
Mar 7, 2003
8,019
43
91
Lash444 said:
I am always amazed at how many times I see Republicans point out that the national debt is 18 trillion under Obama.

It would be like Pete Carroll doing a press conference and saying that he couldn't believe how bad of an interception Wilson threw at the end of the game.

I guess if you didn't know shit about football, you could chalk that one up on the QB.
Click to expand...

I know Obama contributed ZERO to that debt. ZERO right? /S
 
glenn1

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
Doc Savage Fan said:
It was Bush's fault. Get with the program!
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In Eskimospy's view it's Bush's fault the figure is so low. He would have had far higher stimulus and probably would be ok if it was $118T in debt. Only 18 is for pikers who don't believe in the magic of Keynesian Stimulus™.
 
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