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fiscal cliff

# fiscal cliff

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shoop
#1 Oct 9, 2013
Fiscal Cliff put in perspective

Lesson # 1:
U.S. Tax Revenue:\$2,170,000,000,000
Federal Budget:\$3,820,000,000,000
New Debt:\$1,650,000,000,000
National Debt:\$14,271,000,000,000
Recent Budget cuts: 38,500,000,000
Lets now remove 8 zeros and pretend its a household budge:
Annual family income:\$21,700
Money the family spent:\$38,200
New debt on the credit card:\$16,500
Outstanding balance on the credit card:\$142,710
Total budget cuts so far:\$38.50
Got it?. OK now
Lesson # 2
Heres another way of looking at the Debt Ceiling:
Lets say you come home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to your ceilings. What do you think you should do?
Raise the ceiling or remove the crap?

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Tis so
#2 Oct 9, 2013
shoop wrote:
Fiscal Cliff put in perspective
Lesson # 1:
U.S. Tax Revenue:\$2,170,000,000,000
Federal Budget:\$3,820,000,000,000
New Debt:\$1,650,000,000,000
National Debt:\$14,271,000,000,000
Recent Budget cuts: 38,500,000,000
Lets now remove 8 zeros and pretend its a household budge:
Annual family income:\$21,700
Money the family spent:\$38,200
New debt on the credit card:\$16,500
Outstanding balance on the credit card:\$142,710
Total budget cuts so far:\$38.50
Got it?. OK now
Lesson # 2
Heres another way of looking at the Debt Ceiling:
Lets say you come home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to your ceilings. What do you think you should do?
Raise the ceiling or remove the crap?
Why not blow the entire house all to pieces like the GOP is wanting to do?

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neighbor
#3 Oct 9, 2013
Tis so wrote:
<quoted text>Why not blow the entire house all to pieces like the GOP is wanting to do?
Well you can always stand there with your finger up your ass like the Democrats are and not do anything.

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Right Wing Nut III
#4 Oct 10, 2013
neighbor wrote:
<quoted text>Well you can always stand there with your finger up your ass like the Democrats are and not do anything.
The republicans should trade spending cuts for a raise in the debt ceiling and let the sinking ship of Obamacare sink on its own. This law is going to piss off millions upon millions of people.

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froggy
#5 Oct 10, 2013
Right Wing Nut III wrote:
<quoted text>
The republicans should trade spending cuts for a raise in the debt ceiling and let the sinking ship of Obamacare sink on its own. This law is going to piss off millions upon millions of people.
No negotiating with terrorists.

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it has been stated
#6 Oct 10, 2013
froggy wrote:
<quoted text>No negotiating with terrorists.
You're trivializing terrorists.

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Right Wing Nut III
#7 Oct 10, 2013
shoop wrote:
Fiscal Cliff put in perspective
Lesson # 1:
U.S. Tax Revenue:\$2,170,000,000,000
Federal Budget:\$3,820,000,000,000
New Debt:\$1,650,000,000,000
National Debt:\$14,271,000,000,000
Recent Budget cuts: 38,500,000,000
Lets now remove 8 zeros and pretend its a household budge:
Annual family income:\$21,700
Money the family spent:\$38,200
New debt on the credit card:\$16,500
Outstanding balance on the credit card:\$142,710
Total budget cuts so far:\$38.50
Got it?. OK now
Lesson # 2
Heres another way of looking at the Debt Ceiling:
Lets say you come home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to your ceilings. What do you think you should do?
Raise the ceiling or remove the crap?
The Liberals ignore the facts. Do not expect any intelligent comments, just ridiculous responses. They will never acknowledge that there is a national debt problem. It might threaten their benefits. We can't go on indefinitely with such a debt without it bankrupting the nation. What are they going to do when their benefits are stopped because the Government is broke. Head in sand.

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froggy
#8 Oct 10, 2013
it has been stated wrote:
<quoted text>
You're trivializing terrorists.
Nope.
froggy
#9 Oct 10, 2013
Right Wing Nut III wrote:
<quoted text>
The Liberals ignore the facts. Do not expect any intelligent comments, just ridiculous responses. They will never acknowledge that there is a national debt problem. It might threaten their benefits. We can't go on indefinitely with such a debt without it bankrupting the nation. What are they going to do when their benefits are stopped because the Government is broke. Head in sand.

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Informed Opinion
#10 Oct 10, 2013
froggy wrote:
<quoted text>No negotiating with terrorists.
Great post.

Let's hope Obama let's the ship sink so the Right Wingers pay the price for their lunacy.

Right Wingers, having
bankrupted America, left us with huge deficits, doubled national debt, 3 wars, and a Recession of epic proportions just can't be trusted to act like grown-ups

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Right Wing Nut III
#11 Oct 11, 2013
Informed Opinion wrote:
<quoted text>
Great post.
Let's hope Obama let's the ship sink so the Right Wingers pay the price for their lunacy.
Right Wingers, having
bankrupted America, left us with huge deficits, doubled national debt, 3 wars, and a Recession of epic proportions just can't be trusted to act like grown-ups
The Lunatic Liberals have the Senate and President. What are they doing about the biggest threat - the growing debt?

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Right Wing Nut III
#12 Oct 11, 2013
Informed Opinion wrote:
<quoted text>
Great post.
Let's hope Obama let's the ship sink so the Right Wingers pay the price for their lunacy.
Right Wingers, having
bankrupted America, left us with huge deficits, doubled national debt, 3 wars, and a Recession of epic proportions just can't be trusted to act like grown-ups
The roots of the recession started in Clinton's terms. When he decided it would be a great ides if everyone could own a house. Loans were given to anyone, even those who could not possibly pay it back.
Hence the housing crisis and recession when all these loans were defaulted years later. Clinton started the bubble, basically another give away that grew into a bubble under Bush.

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Truth
#13 Oct 11, 2013
Right Wing Nut III wrote:
<quoted text>
The roots of the recession started in Clinton's terms. When he decided it would be a great ides if everyone could own a house. Loans were given to anyone, even those who could not possibly pay it back.
Hence the housing crisis and recession when all these loans were defaulted years later. Clinton started the bubble, basically another give away that grew into a bubble under Bush.
Close but actually started with Ron shipping millions of us jobs overseas.
Willy was forced into signing nafta which was the final blow to our economy.

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Informed Opinion

United States

#14 Oct 11, 2013
Right Wing Nut III wrote:
<quoted text>The roots of the recession started in Clinton's terms. When he decided it would be a great ides if everyone could own a house. Loans were given to anyone, even those who could not possibly pay it back.
Hence the housing crisis and recession when all these loans were defaulted years later. Clinton started the bubble, basically another give away that grew into a bubble under Bush.
Oh those pesky facts:

Right Wing Wacko Bush inherited a budget surplus and a strong economy.

Then, as Right Wingers do, he commenced to financially rape America for his rich friends.

RWW Bush Tax Cuts for the Rich cost America \$2.5 Trillion Dollars.

.....According to CTJ, the Bush tax cuts that were passed up through 2006 (the 2001 and 2003 cuts as well as other smaller cuts in 2004, 2005 and 2006) ended up costing the Treasury approximately \$2.1 trillion in foregone revenue from 2001 to 2010. CTJ claims that if you add interest payments, that number goes up to around \$2.5 trillion.

The Iraq War cost us \$6 Trillion Dollar Debt.

.....The U.S. wars in Afghanistan and Iraq will cost taxpayers \$4 trillion to \$6 trillion, taking into account the medical care of wounded veterans and expensive repairs to a force depleted by more than a decade of fighting, according to a new study by a Harvard researcher.

The Great RWW Bush Recession cost us \$12.8 Trillion Dollars.

.... The financial crisis and the Great Recession have taken a heavy toll on the U.S., and now one public interest group said it has calculated that cost: at least \$12.8 trillion.

That over \$20 Trillion Dollars wasted by Right Wingers the last time they were in charge

\$20 Trillion Dollars borrowed and spent that we grown-ups and our children now have to pay back.

All wasted.

How insane must someone be to put Right Wingers back in charge ?

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Just a thought
#15 Oct 11, 2013
Informed Opinion wrote:
<quoted text>
Oh those pesky facts:
Right Wing Wacko Bush inherited a budget surplus and a strong economy.
Then, as Right Wingers do, he commenced to financially rape America for his rich friends.
RWW Bush Tax Cuts for the Rich cost America \$2.5 Trillion Dollars.
.....According to CTJ, the Bush tax cuts that were passed up through 2006 (the 2001 and 2003 cuts as well as other smaller cuts in 2004, 2005 and 2006) ended up costing the Treasury approximately \$2.1 trillion in foregone revenue from 2001 to 2010. CTJ claims that if you add interest payments, that number goes up to around \$2.5 trillion.
The Iraq War cost us \$6 Trillion Dollar Debt.
.....The U.S. wars in Afghanistan and Iraq will cost taxpayers \$4 trillion to \$6 trillion, taking into account the medical care of wounded veterans and expensive repairs to a force depleted by more than a decade of fighting, according to a new study by a Harvard researcher.
The Great RWW Bush Recession cost us \$12.8 Trillion Dollars.
.... The financial crisis and the Great Recession have taken a heavy toll on the U.S., and now one public interest group said it has calculated that cost: at least \$12.8 trillion.
That over \$20 Trillion Dollars wasted by Right Wingers the last time they were in charge
\$20 Trillion Dollars borrowed and spent that we grown-ups and our children now have to pay back.
All wasted.
How insane must someone be to put Right Wingers back in charge ?
Obama has raised the national debt more than any president in history and you want to blame it on Bush. History will show Obama to be the worst President in our history. He is the best thing that ever happened to Jimmy Carter.

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Informed Opinion
#16 Oct 11, 2013
Just a thought wrote:
<quoted text>Obama has raised the national debt more than any president in history and you want to blame it on Bush. History will show Obama to be the worst President in our history. He is the best thing that ever happened to Jimmy Carter.
Thanks for agreeing with the facts presented and documented, but then you jump into the irrational swamp.

Having agreed Right Wingers created and saddled Obama, and the rest of us, with over \$ 20 Trillion Dollars in unfunded debt, you simply ignore that astounding, overwhelming, Earth altering event, and spout off silly political platitudes.

Just think - without that Right Wing \$20 Trillion Dollar debt, we'd have a huge budget surplus.

Those of us paying for Right Wingers lunatic policies that cost us \$ 20 Trillion Dollars, 3 wars, and a nation where wealth is concentrated in a very select few, will just keep battling away to repair the damage.

Ironically, when we have the country repaired, a balanced budget, no wars, paying down the debt, reasonable employment, and some moderate grown-ups in power,

Right Wingers will manage to get another Ray-Gun or Bush elected and the whole thing will get blown up again.

It's just the nature if things.

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Oh my
#17 Oct 11, 2013
Informed Opinion wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Oh those pesky facts:
Right Wing Wacko Bush inherited a budget surplus and a strong economy.
Then, as Right Wingers do, he commenced to financially rape America for his rich friends.
RWW Bush Tax Cuts for the Rich cost America \$2.5 Trillion Dollars.
.....According to CTJ, the Bush tax cuts that were passed up through 2006 (the 2001 and 2003 cuts as well as other smaller cuts in 2004, 2005 and 2006) ended up costing the Treasury approximately \$2.1 trillion in foregone revenue from 2001 to 2010. CTJ claims that if you add interest payments, that number goes up to around \$2.5 trillion.
The Iraq War cost us \$6 Trillion Dollar Debt.
.....The U.S. wars in Afghanistan and Iraq will cost taxpayers \$4 trillion to \$6 trillion, taking into account the medical care of wounded veterans and expensive repairs to a force depleted by more than a decade of fighting, according to a new study by a Harvard researcher.
The Great RWW Bush Recession cost us \$12.8 Trillion Dollars.
.... The financial crisis and the Great Recession have taken a heavy toll on the U.S., and now one public interest group said it has calculated that cost: at least \$12.8 trillion.
That over \$20 Trillion Dollars wasted by Right Wingers the last time they were in charge
\$20 Trillion Dollars borrowed and spent that we grown-ups and our children now have to pay back.
All wasted.
How insane must someone be to put Right Wingers back in charge ?
Yep, candidate Bush agreed that he would inherit a surplus, and being a far-sighted fiscal conservative quickly devised numerous ways to deplete it.

http://abcnews.go.com/Politics/story...
...In pushing for across-the-board reductions in income tax rates, plus a possible repeal of the estate tax and a reduction in rates for married couples, the president-elect is not only attempting to keep a major campaign promise, but to satisfy conservative Republicans.

Bush said today he is confident the size of the tax relief plan is appropriate. But with estimates varying about the size of the blossoming budget surplus, Bush will face pressure from Democrats and Republicans in Congress to horse-trade on the size and shape of the cuts.

I think everybodys going to be looking for a combination of additional spending plus a tax cut, says political analyst Stu Rothenberg.Ultimately it will be a package.

And Bush has pledged additional spending measures that would also eat into the surplus.

There has to be more spending on education, adds Rothenberg.Hes committed himself to that.

White House budget projections released last week show the surplus at roughly \$2 trillion, after Social Security and Medicare are accounted for, but some analysts dispute those figures.

Changing Rationale, But the Plan Remains the Same

Even as Bush remains firmly committed to the tax cut, his rationale for enacting it has changed. During the campaign, when economic projections were rosier, Bush said a reduction in the basic income tax rates would be a way of giving citizens money that was rightfully theirs.

The surplus is the peoples money, Bush said frequently during his stump speeches.

But after Election Day  and even before the outcome of the presidential race was fully resolved  Bush and his running mate, Dick Cheney, had begun saying that a tax cut would be necessary to stoke an economy showing signs of cooling, a position they continue to play up.

I think its really important for members of the Congress to understand that the tax relief plan I put forward is an integral part of economic recovery, Bush said Wednesday.

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Right Wing Nut III
#18 Oct 11, 2013
Informed Opinion wrote:
<quoted text>
Thanks for agreeing with the facts presented and documented, but then you jump into the irrational swamp.
Having agreed Right Wingers created and saddled Obama, and the rest of us, with over \$ 20 Trillion Dollars in unfunded debt, you simply ignore that astounding, overwhelming, Earth altering event, and spout off silly political platitudes.
Just think - without that Right Wing \$20 Trillion Dollar debt, we'd have a huge budget surplus.
Those of us paying for Right Wingers lunatic policies that cost us \$ 20 Trillion Dollars, 3 wars, and a nation where wealth is concentrated in a very select few, will just keep battling away to repair the damage.
Ironically, when we have the country repaired, a balanced budget, no wars, paying down the debt, reasonable employment, and some moderate grown-ups in power,
Right Wingers will manage to get another Ray-Gun or Bush elected and the whole thing will get blown up again.
It's just the nature if things.
The debt keeps going up and up under Obama, what to you Liberal lunatics propose?

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froggy
#19 Oct 11, 2013
Right Wing Nut III wrote:
<quoted text>
The debt keeps going up and up under Obama, what to you Liberal lunatics propose?
No one is biting. Cuts may need to happen especially to big AG., big oil, and other corporate welfare. Extortion is not how you go about it. Maybe the tea party congress could start by showing up and actually working on a solution. Did you know that only 21 bills were passed from Jan. 1st- August 1st? Maybe they could try doing what they get paid to do.

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Oh my
#20 Oct 11, 2013
froggy wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
No one is biting. Cuts may need to happen especially to big AG., big oil, and other corporate welfare. Extortion is not how you go about it. Maybe the tea party congress could start by showing up and actually working on a solution. Did you know that only 21 bills were passed from Jan. 1st- August 1st? Maybe they could try doing what they get paid to do.
They are, they were elected to repeal Obamacare and they had over 40 votes on it.

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