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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
24219 posts

CBO: Feds Borrowing $4.8 billion Per Day

Forward?

The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Hit the gas, forward beeotches forward!


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
24219 posts

re: CBO: Feds Borrowing $4.8 billion Per Day
For our liberal friends, that's $4,800,000,000 per day in borrowed money. How long can we sustain that kind of blatant irresponsibility.

Spending cuts please....


Tim
LSU Fan
Texas
Member since Jan 2005
6411 posts

re: CBO: Feds Borrowing $4.8 billion Per Day
Don't worry, our dear leader has the printing presses running 24/7...



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SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
4103 posts

re: CBO: Feds Borrowing $4.8 billion Per Day
It's not spending. We need to raise revenue.

If we're borrowing $4.8bil a day, then we need to raise $480mil in taxes on the rich. That will solve everything.

At least that's Obama's "plan."
This post was edited on 12/8 at 2:17 pm


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Genius isn't he!


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LSUgusto
Member since May 2005
16762 posts

re: CBO: Feds Borrowing $4.8 billion Per Day
quote:

That will solve everything.
You forgot about bumping up spending to spur growth.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Yes another Porkulus bill that will solve everything, more shovel ready kickbacks to donors, that should do the trick!


TOPAL
LSU Fan
Member since Mar 2010
957 posts

re: CBO: Feds Borrowing $4.8 billion Per Day
But we won...This nation is fricked.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Perhaps, all we need to do is frick a certain portion of the citizens and bingo problem solved!


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Airline ticket fees? I wonder who pays the other $600 billion the benevolent one is spaeking of? Liar gonna fricking lie.


The plan calls for $1.6 trillion in new tax revenue over the coming decade, extending the 2 percentage point payroll tax deduction or something comparable to it, and $50 billion in stimulus spending on infrastructure projects.

The White House seeks $960 billion over the coming decade by increasing tax rates and taxes on investment income on upper-bracket earners, and $600 billion in additional taxes.

The only new spending cuts in the plan would come from administration proposals curbing health-care programs by $400 billion over the coming decade and modest cuts from non-health programs like farm subsidies and cutting Postal Service costs and through higher fees on airline tickets.

The plan would also boost spending by extending unemployment benefits for the long-term jobless, deferring looming cuts to Medicare payments to physicians, and helping homeowners refinance "underwater" mortgages.

Geithner also requested the equivalent of a permanent extension of the government's borrowing ability to avoid wrangling over the issue as in last year's summertime crisis over raising the so-called debt limit.

The measure would block $109 billion in automatic across-the-board spending cuts known as a sequester from striking the economy in January.

A senior Capitol Hill Democratic aide confirmed that the GOP description of the Geithner proposal is consistent with the latest Democratic position. The aide was not authorized to discuss the proposal publicly and would do so only on condition of anonymity.


fricking guy is amazing.


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TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4670 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
well, the obvious solution is to tax every working american an extra $40 a day.

It's that easy.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20439 posts
Online

re: CBO: Feds Borrowing $4.8 billion Per Day
Every working American? You mean the ones that actually earn enough to pay income tax? Tax burden is $51,950 dollar per person.


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