Obama isn't serious about the deficit. He just wants to punish the wealthy. - Page 4 - TigerDroppings.com

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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
16563 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Soon my pity for you will turn into laughter.


Nimble, I have been laughing at this idiot from the start.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

How so? By empty rhetoric? Clearly everyone you have responded to is more successful than you are by any metric you choose to compare by. You sound like a broken down bitter old man that never succeeded at anything and wants to blame everyone for your failure but yourself. I likely pitied you when I was at LSU. I pity you now. Have fun languishing in your hate, filth, and misery. You really are unworthy of these people's contempt. UNDERACHEIVER. Try it on for size, it is what you are. Soon my pity for you will turn into laughter.


You didn't get anything right in your post. That is something that is common with you it seems






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NC_Tigah
LSU Fan
Member since Sep 2003
51752 posts
 Online 

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:


Sure, and it's an issue that the GOP has no credibility with.
"No credibility" is an overstatement.

But let's assume hypothetically a political party is all about running up the debt, all about increasing inflation, etc. Interest rates would rise, fixed salaries wouldn't, at least not to the same extent. It would create a world in which labor would be cheaper and life for the middle class would be harder. Life for the underclasses would be harder still, as interest costs squeezed out all viable safety nets in the budget. Yet those of us with large amounts of disposable income, significant investments, etc. would do just fine.

You attribute those efforts to the GOP. Maybe you're right. The OP points out correctly though that is exactly where Obama is taking us. His tax proposals raise painfully little revenue. He gives every indication of being willing to run debt through the roof. Without a vast broadening of the tax base (and at $20Tn even with a broadened taxbase), revenue will have to arise from a growing Nominal GDP.

Ramifications?

Considering the Fed's continual flood of money into the system, Real GDP cannot possibly compensate (especially given the anemic economic outlook and growth forecasts), so price level increase (i.e., inflation) will kick in. Milk, gas, electricity --- the necessities --- will cost more. The little guy will get totally screwed.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

No credibility" is an overstatement


The GOP has had enough power over the past 30 years to deal with the debt and they have failed to do anything about, especially when they had control of both the White House and both houses in Congress.

quote:

You attribute those efforts to the GOP. Maybe you're right.


There is no maybe about it. The GOP has no credibilty when it comes to the debt.

quote:

Ramifications? Considering the Fed's continual flood of money into the system, Real GDP cannot possibly compensate (especially given the anemic economic outlook and growth forecasts), so price level increase (i.e., inflation) will kick in. Milk, gas, electricity --- the necessities --- will cost more. The little guy will get totally screwed.


Im not arguing the ramifications of the debt and deficits. What I am saying is that the GOP should have done something about the debt along time ago if they wanted to maintain their credibility. They didn't and they lost credibility.






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
16170 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

The GOP has had enough power over the past 30 years to deal with the debt and they have failed to do anything about, especially when they had control of both the White House and both houses in Congress.


It took the voters only 2 years of Democrat control to see how much worse it could be. We're still trying to recover from that.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

It took the voters only 2 years of Democrat control to see how much worse it could be. We're still trying to recover from that.


YOu can thank George Bush, Hastert and the boys for going on a spending spree and cutting taxes when they had so much power. That is really where you lost credibility.

The GOP gets weaker every day






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NC_Tigah
LSU Fan
Member since Sep 2003
51752 posts
 Online 

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Obama isn't serious about the deficit. He just wants to punish the wealthy.
quote:

Im not arguing the ramifications of the debt and deficits.
Then you're in the wrong thread.







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NC_Tigah
LSU Fan
Member since Sep 2003
51752 posts
 Online 

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

YOu can thank George Bush, Hastert and the boys for going on a spending spree
Oh I'd agree wholeheartedly with that.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Then you're in the wrong thread.


I hopped in to talk about the war on the poor the GOP is waging.

Deal with it.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

I'd agree wholeheartedly with that.


How generous and big hearted of you






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NC_Tigah
LSU Fan
Member since Sep 2003
51752 posts
 Online 

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

How generous and big hearted of you
Deal with it.






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deltaland
Mississippi St. Fan
Member since Mar 2011
23430 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

THey're afraid democrats are going to take from them and give it to black people.


Has nothing to do with black people. They take more and more from the people who work hard, pay taxes and are successful and give to the people who don't do shite. It ruins the motivation for someone to go out and work or start a business. It creates a country based off of entitlements and in the long run will bankrupt this country as more and more people start taking advantage of government welfare, and this includes people of all races that do it.

There are hard working, successful black people in this country that don't want to pay for the moochers just as much as white conservatives don't want to. The notion that someone should receive money,housing, and food without having to work for it is just crazy.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


So, now we can all agree that the GOP is not to be listened to when it comes to the debt. Good deal.





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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
16563 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:


So, now we can all agree that the GOP is not to be listened to when it comes to the debt.


Where did he ever say that? Your head must be frozen, deal with it.






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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

nothing to do with black people. They take more and more from the people who work hard, pay taxes and are successful and give to the people who don't do shite. It ruins the motivation for someone to go out and work or start a business.


Only in your imagination

quote:

There are hard working, successful black people in this country that don't want to pay for the moochers just as much as white conservatives don't want to. The notion that someone should receive money,housing, and food without having to work for it is just crazy.


Southern whites used to been down with progressive politics until LBJ and the boys said Jim Crow had to bend. Thats when the shite hit the fan and southern whites have been mad at Democrats ever since.






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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
16563 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Southern whites used to been down with progressive politics until LBJ and the boys said Jim Crow had to bend. Thats when the shite hit the fan and southern whites have been mad at Democrats ever since


Only in your imagination.






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NC_Tigah
LSU Fan
Member since Sep 2003
51752 posts
 Online 

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Where did he ever say that? Your head must be frozen, deal with it.
He's a Troll.
I try to reel him out of the garbage every so often. Probably not worth the effort. He wants to wallow in the refuse. Let him. Leave him be.

At least with the GOP's approach, pursuit of happiness and upward mobility is possible.

What is the Democrat solution:
- Gifting and grifting to keep the little guy dependent.
- Keeping the little guy in place. No disproportionate mobility.
- Convincing the little guy he cannot leave the Plantation. Convincing him he isn't capable of leaving. But if he agrees to stay, he'll get a biscuit or two thrown his way by the Government.
- It is about metering out miniature aliquots of happiness in amounts decided by a defacto politburo.
- It's about maintaining a world in which no one is happy, but everyone is gets a just enough sunshine pumped in the rump to justify continuing the Hungergames.













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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

He's a Troll. I try to reel him out of the garbage every so often. Probably not worth the effort. He wants to wallow in the refuse. Let him. Leave him be.


I've been pretty much King of the Ring in every thread I've participated in.

I win. Just like Obama.

quote:

least with the GOP's approach, pursuit of happiness and upward mobility is possible.


It's that way with the Democratic opproach.

quote:

What is the Democrat solution: - Gifting and grifting to keep the little guy dependent. - Keeping the little guy in place. No disproportionate mobility. - Convincing the little guy he cannot leave the Plantation. Convincing him he isn't capable of leaving. But if he agrees to stay, he'll get a biscuit or two thrown his way by the Government. - It is about metering out miniature aliquots of happiness in amounts decided by a defacto politburo. - It's about maintaining a world in which no one is happy, but everyone is gets a just enough sunshine pumped in the rump to justify continuing the Hungergames


Only in the alternate universe you live in






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deltaland
Mississippi St. Fan
Member since Mar 2011
23430 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

Only in your imagination


Really? So please explain to me how giving a person non taxed welfare checks, free housing and free food helps the economy? It doesn't, because that person gives nothing back to society. It ruins that person's will to go find a job. When faced with the choice of finding a minimum wage job and having to work themselves up the chain to make good money, or just doing nothing and receiving more benefits than a minimum wage job, which would you choose?

People will take the easy way out every time....welfare all together (food stamps,housing, money) should be so minimal that a minimum wage job is a step up so that person has incentive to work. It has nothing to do with race either, it has to do with the ever increasing entitlement community in this country of all races.






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
16170 posts

re: Obama isn't serious about the deficit. He just wants to punish the wealthy.


quote:

YOu can thank George Bush, Hastert and the boys for going on a spending spree and cutting taxes when they had so much power. That is really where you lost credibility.


The level of inaccuracy in that statement is astounding. Let's look at the numbers from the White House's site...

Fiscal Year.......Receipts........Outlays...........Defecit (in Billions)
2001.............1,991,082.....1,862,846........+128,236
2002.............1,853,136.....2,010,894........-157,758
2003.............1,782,314.....2,159,899........-377,585
2004.............1,880,114.....2,292,841........-412,727
2005.............2,153,611.....2,471,957........-318,346
2006.............2,406,869.....2,655,050........-248,181
2007.............2,567,985.....2,728,686........-160,701
2008.............2,523,991.....2,982,544........-458,553
2009.............2,104,989.....3,517,677......-1,412,688
2010.............2,162,724.....3,456,213......-1,293,489
2011.............2,303,466.....3,603,061......-1,299,595
2012 estimate..2,468,599.....3,795,547......-1,326,948

From looking at the numbers we see:

-From 2001-2008, the average deficit is -250B
From 2009 til Present, the average deficit is -1.3T, this means the current President has presided over a deficit that is more than 5x what his predecessor had.

-Receipts (revenues from taxes) jumped to historic levels and have remained at neat-historic levels ever since 2005 (the first year of the Bush tax cuts).

-Deficits were dropping until FY 2008 (last year of Bush, we can blame fricking TARP for a lot of that)

-From FY 2009 (the last time a budget was passed by Congress) until Present, spending each tear gas been higher than any two years prior to 2009 combined.

Conclusion: The Bush tax cuts brought in historic levels of revenue (that is a concrete fact, proven by government accounting's own numbers) yet spending under the Obama administration far outpaces that of every other administration. Thus "revenues" aren't the problem, spending is and anyone arguing anything otherwise either can't do basic math or is so mired in party-first politics that they purposely refuse to see it.






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