Level 7

Since: May 11

Location hidden

#365 Oct 15, 2013
Brian_G wrote:
<quoted text>How is not taxing part of your income, "giving the money away"? How about we repeal Obama's medical device tax; surely that will do more to help affordable healthcare than the Obamacare disaster.
America has the highest corporate tax rate in the world.
http://www.businessinsider.com/oecd-us-worlds...
Cut taxes, repeal intrusive regulations and stop wasteful government spending.
.
<quoted text>Those aren't the only choices. No and no; two very bad ways to address our budget problems.
Stop wasteful government spending; not obligation like debt interest or Social Security. Perhaps we should mean's test all benefits and entitlements.
Wow, you really must be sincere in your concern about the deficit, with your advocacy of deficit exploding tax cuts and all.

Good grief.
Lefty Larry

Utica, NY

#366 Oct 15, 2013
Lefty Larry wrote:
oops. my bad. that's Lefty Larry from UTICA. LOL
all documented here.
Hi folks! It's me again, Lefty Larry. I am sure y'all know me by my other topix personalities- truth dig and ben gleck. In case you're just joining us, my favorite thing to do is sit at my computer and watch the latest Nobel and Pulitzer moments by my favorite communist dictator, who's also masquerading as the "leader" of the most powerful and feared nation on earth, previously believed to be a republic, AND post misinformation and propaganda on topix. Just thought I'd bring you this public service announcement as a reminder of the truth and to give you warm rainbow fuzzies in your tummies as you fall fitfully to sleep... Sweet "red" dreams of you, me and satan.(666/Hail Satan!)
Lefty Larry

Utica, NY

#367 Oct 15, 2013
Lefty Larry wrote:
<quoted text>how in the world did you get that idea? i'm hetro myself but i acknowledge the LGBT community and support their struggle for absolute equality in every way including but not limited to gay marriage. you're right, "it's not a thing you catch" but you may want to re-think the "lifestyle choice" comment. not my job to spoon feed your education but for goodness sakes think before you speak (type). my poking at the other "Lefty Larry" has to do with his sock puppetry as he sometimes stalks me 'round here espousing his homosexuality in a "satirical" manner.
Hi it's me again. I am a born-again heterosexual who "chooses" to live the LGBT lifestyle because I find it's the only place that will accept my odd personality. Plus, I caught gay in my travels and am hoping to pass it off to someone else, and permanently rid myself of the affliction. It's also where I can find my favorite dictator's sausage to smoke. Just one question though, is satire a disease I can catch as well?

“I Luv Carbon Dioxide”

Level 10

Since: Dec 08

Location hidden

#368 Oct 16, 2013
Truth Dig wrote:
Wow, you really must be sincere in your concern about the deficit, with your advocacy of deficit exploding tax cuts and all.
Good grief.
Obama's new medical device tax increases consumer medical costs. Obamacare is a disaster and these budget deals have alrelady given us the sequester cuts.

Cut wasteful government spending, stop higher taxes and repeal intrusive regulations.

“I Luv Carbon Dioxide”

Level 10

Since: Dec 08

Location hidden

#369 Oct 16, 2013
Truth Dig wrote:
The government is running deficits. It has done so for 200 years, with rare exception. How is it that continuing to do something that we've been doing for almost 200 years is not a "crisis"? Our federal deficit, as a percentage of GDP, is the same as it was in the mid 1980s when Reagan was President. As for Obamacare, there is a Constitutional process for repealing it. There are plenty of laws I don't like. Maybe we should create a false financial crisis as blackmail to repeal those laws as well. Our country is unraveling because maniacs can't stand the fact that Obama is President and they can't get their own through normal governing processes.
We're now in world record debt and the Federal Reserve is flooding the markets with new cash through quantitative easing. We have high unemployment and more Americans on public assistance than ever before in history.
Truth

Utica, NY

#370 Oct 16, 2013
Truth Dig wrote:
<quoted text>
The government is running deficits. It has done so for 200 years, with rare exception. How is it that continuing to do something that we've been doing for almost 200 years is not a "crisis"? Our federal deficit, as a percentage of GDP, is the same as it was in the mid 1980s when Reagan was President.
As for Obamacare, there is a Constitutional process for repealing it. There are plenty of laws I don't like. Maybe we should create a false financial crisis as blackmail to repeal those laws as well.
Our country is unraveling because maniacs can't stand the fact that Obama is President and they can't get their own through normal governing processes.
The obvious difference is the level of debt caused by the deficit spending. As the total accumulated debt rises, the amount needed to pay it off with interest rises.

Any money the US government doesn't have it has to borrow. There is a legal limit on how much it can borrow called the debt limit. It's like the credit limit on a credit card and just like in someome's personal life there comes a point when the borrowing has to taper off in order to make any kind of progress in paying off the total debt. Under this president the amount of the natinal debt has increased by an amount greater than under all previous administrations combined Washington to Clinton and double what it increased under Bush II and he still has 3 1/2 years left.

In congress right now Democrats are pushing for another raise in the debt limit so they can borrow more money to pay for growing government. Republicans want to reign in spending so that in the future the continuous borrowing won't be necessary.

Take a look at the numbers and think of it in terms of your personal life. How long could you live on cash advances from your credit card before you reached a point where you couldn't afford to make the minmum payments? When you reach that point it's called default.
Lefty Larry

Utica, NY

#371 Oct 16, 2013
Truth wrote:
<quoted text>
The obvious difference is the level of debt caused by the deficit spending. As the total accumulated debt rises, the amount needed to pay it off with interest rises.
Any money the US government doesn't have it has to borrow. There is a legal limit on how much it can borrow called the debt limit. It's like the credit limit on a credit card and just like in someome's personal life there comes a point when the borrowing has to taper off in order to make any kind of progress in paying off the total debt. Under this president the amount of the natinal debt has increased by an amount greater than under all previous administrations combined Washington to Clinton and double what it increased under Bush II and he still has 3 1/2 years left.
In congress right now Democrats are pushing for another raise in the debt limit so they can borrow more money to pay for growing government. Republicans want to reign in spending so that in the future the continuous borrowing won't be necessary.
Take a look at the numbers and think of it in terms of your personal life. How long could you live on cash advances from your credit card before you reached a point where you couldn't afford to make the minmum payments? When you reach that point it's called default.
Meanie! Stop with all the obvious facts and figures. You're standing in the way of progress and change. Does it really matter wat the truths is if people get their ears tickled and feel good?
Lefty Larry

Syracuse, NY

#372 Oct 16, 2013
My marionette seems to be shy a few strings today. Awww... His sad little world is un-raveling. There there sweetheart. See? I told you that the bad men would stop trying to de-fund the law of the land. So put your head in your partners lap there and you 2 do what you do. Then try & get some rest. The big bad colored man isn't going to hurt you. Nitey nite.
Mao TseTung

Utica, NY

#373 Oct 16, 2013
lefty larry wrote:
<quoted text> fine with me that you play russian roulette with your own health care. so you never get sick and you never get injured. yup you'll show 'em! until of course your "luck" runs out. LOL ...and by all means DON'T engage in any preventative care. mine's covered 100% but you don't need that. nah... well no matter. all the crying and cheap theatrics you can muster won't change the fact that the ACA is the law of our land. so pay your penalty and be ignorantly blissful. say, is that a mole on your nose? any relatives ever have cancer? just ignore it and it'll go away. LOL
LOL...medicaid is pretty good insurance! All those preventative health screenings are covered. Gimme a break only on a "free" plan. Get a job!
Lefty Larry

Syracuse, NY

#374 Oct 16, 2013
Mao TseTung wrote:
<quoted text>
LOL...medicaid is pretty good insurance! All those preventative health screenings are covered. Gimme a break only on a "free" plan. Get a job!
Nah I won't come close to qualifying even for expanded medicaid. As a sole proprietor I buy my health plan through a trade group at real market pricing with no outside or employer contributions. All indications from both the group and my provider are that my exhorbinant premiums will greatly decrease as the ACA is fully implemented. I find it odd how you make such ignorant assumptions about my employment status. I don't know you but when I'm faced with folks that share you're sentiments we usually discover that I pay more in taxes than you gross.

Level 7

Since: May 11

Location hidden

#375 Oct 16, 2013
Brian_G wrote:
<quoted text>We're now in world record debt and the Federal Reserve is flooding the markets with new cash through quantitative easing. We have high unemployment and more Americans on public assistance than ever before in history.
There's nothing wrong with quantitative easing. It's standard monetary policy in light of our depressed economy. And our economic malaise, including high unemployment and public assistance rolls, has nothing to do with the federal deficit. Our deficit is caused by a bad economy, not vice versa.

What the Republicans threatened to do was harm the economy and permanently damage the full faith and credit of the United States, supposedly, because some day, possibly, at some time many years in the future, our debt would.... harm the economy and damage the full faith and credit of the United States. That was after the whole defund Obamacare fiasco.

You are a smart guy. I understand the opposition to Obama and Obamacare, the dislike of social programs, etc. But this tactic, to first shut down the government, then to threaten default, was crazy, and bad for the country.
Ta-da

United States

#376 Oct 16, 2013
Fresh out of his Bodshitava costume it's....
"Truth Dork" the welfare economy party brainwashed queen! Topix's own Liberetard and emotional ranting multipersonality idiot!

Level 7

Since: May 11

Location hidden

#377 Oct 16, 2013
Truth wrote:
<quoted text>
The obvious difference is the level of debt caused by the deficit spending. As the total accumulated debt rises, the amount needed to pay it off with interest rises.
Any money the US government doesn't have it has to borrow. There is a legal limit on how much it can borrow called the debt limit. It's like the credit limit on a credit card and just like in someome's personal life there comes a point when the borrowing has to taper off in order to make any kind of progress in paying off the total debt. Under this president the amount of the natinal debt has increased by an amount greater than under all previous administrations combined Washington to Clinton and double what it increased under Bush II and he still has 3 1/2 years left.
In congress right now Democrats are pushing for another raise in the debt limit so they can borrow more money to pay for growing government. Republicans want to reign in spending so that in the future the continuous borrowing won't be necessary.
Take a look at the numbers and think of it in terms of your personal life. How long could you live on cash advances from your credit card before you reached a point where you couldn't afford to make the minmum payments? When you reach that point it's called default.
As I've stated previously, the country is over 200 years old. For virtually our entire history, we have been in debt. With extremely rare exception, nearly every single year, for over 200 years, we've added to our accumulated national debt. That's a fact. How many households are over 200 years old and "spending more than it takes in" every single year? The reason why we can do this is because the country has no expiration date. No date of reckoning when our debt must be paid off. We also borrow in our own currency, print our own money, and can raise an unlimited amount of money through taxation and printing. Households cannot do that.

Interest rates are zero. The government can borrow for free. Right now. If there is any time to borrow money, it's now, when there is no charge for it. To borrow your household analogy, when is the better time to get a mortgage? When interest rates are at record lows, or when rates are at record highs?

The debt has increased. That's what happens during depressions. You can look it up. As the economy recovers, the deficit recedes. As it has been doing the past few years. In fact, the deficit, as a percentage of GDP, is NOW at the same level as it was in the mid 1980s. It will be even lower next year, and even lower the year after that.

As everyone but a crazy person knows, defaulting on the national debt would have gravely hurt the economy and the forever injured the full faith and credit of the United States. The very things you claim you are worried the national debt will do... sometime in the unknown future.
Former lefty

Utica, NY

#379 Oct 16, 2013
Everyone needs to see a video called

Agenda:grinding America down

It's on Vimeo. Look it up
Ta-da

United States

#380 Oct 16, 2013
Truth Dig wrote:
<quoted text>
As I've stated previously, the country is over 200 years old. For virtually our entire history, we have been in debt. With extremely rare exception, nearly every single year, for over 200 years, we've added to our accumulated national debt. That's a fact. How many households are over 200 years old and "spending more than it takes in" every single year? The reason why we can do this is because the country has no expiration date. No date of reckoning when our debt must be paid off. We also borrow in our own currency, print our own money, and can raise an unlimited amount of money through taxation and printing. Households cannot do that.
Interest rates are zero. The government can borrow for free. Right now. If there is any time to borrow money, it's now, when there is no charge for it. To borrow your household analogy, when is the better time to get a mortgage? When interest rates are at record lows, or when rates are at record highs?
The debt has increased. That's what happens during depressions. You can look it up. As the economy recovers, the deficit recedes. As it has been doing the past few years. In fact, the deficit, as a percentage of GDP, is NOW at the same level as it was in the mid 1980s. It will be even lower next year, and even lower the year after that.
As everyone but a crazy person knows, defaulting on the national debt would have gravely hurt the economy and the forever injured the full faith and credit of the United States. The very things you claim you are worried the national debt will do... sometime in the unknown future.
Please get off Chris MathewsDick already? Your "facts" are MSNBC fiction goof.
Unbelieveable

Utica, NY

#381 Oct 16, 2013
Ta-da wrote:
<quoted text>Please get off Chris MathewsDick already? Your "facts" are MSNBC fiction goof.
And all he's doing is trying to justify and rationalize why it's no big deal to exponentially keep layering on the debt. "No big deal. We've always been in debt. No need to worry your little heads." Just another day in paradise for the lefty libbys. Amazing mentality. SMH>>>

“I Luv Carbon Dioxide”

Level 10

Since: Dec 08

Location hidden

#382 Oct 17, 2013
Truth Dig wrote:
There's nothing wrong with quantitative easing. It's standard monetary policy in light of our depressed economy. And our economic malaise, including high unemployment and public assistance rolls, has nothing to do with the federal deficit. Our deficit is caused by a bad economy, not vice versa.
There's nothing wrong with a bubble until it bursts; the Fed is pumping trillions into the markets. This is the famous trickle down theory, the government 'creates' wealth for bond and share holders hoping that money will find its way to the middle class and poor. The thing is, most smart investors know this is a bubble, so they hold on to reserves instead of creating jobs. Obama has created an uncertain investment environment, where tomorrow he may claim he can't make the interest payments on US bonds.

.
Truth Dig wrote:
What the Republicans threatened to do was harm the economy and permanently damage the full faith and credit of the United States,
Obama, the Democrats and the left wing press made it seem like the Republicans were at fault, but the Democrat Senate was as much to blame. Cruz's filibuster ended; if it hadn't you could fairly blame the Republicans.

.
Truth Dig wrote:
supposedly, because some day, possibly, at some time many years in the future, our debt would.... harm the economy and damage the full faith and credit of the United States.
What other outcome is there, if we continue to borrow, spend far more than we get in revenue and inflate the markets with new money from the Fed? Would you use that strategy for your family budget? How does it not end in disaster?

.
Truth Dig wrote:
That was after the whole defund Obamacare fiasco.
Delay, defund and repeal. Obama has already delayed the employer mandate and made the Congress and their staff exempt from most of Obamacare's costs; what makes the ACA immune to congressional legislation?

.
Truth Dig wrote:
You are a smart guy. I understand the opposition to Obama and Obamacare, the dislike of social programs, etc.
The issue isn't dislike; Obamacare is a disaster. Have you visited the website?

.
Truth Dig wrote:
But this tactic, to first shut down the government, then to threaten default, was crazy, and bad for the country.
Obama's tactic is to continue to spend money as he pleases, then blame Republican for not raising his credit limit. He acts like an outsider, a campaigner, not a leader.
Truth

Utica, NY

#383 Oct 17, 2013
Truth Dig wrote:
<quoted text>
As I've stated previously, the country is over 200 years old. For virtually our entire history, we have been in debt. With extremely rare exception, nearly every single year, for over 200 years, we've added to our accumulated national debt. That's a fact. How many households are over 200 years old and "spending more than it takes in" every single year? The reason why we can do this is because the country has no expiration date. No date of reckoning when our debt must be paid off. We also borrow in our own currency, print our own money, and can raise an unlimited amount of money through taxation and printing. Households cannot do that.
Interest rates are zero. The government can borrow for free. Right now. If there is any time to borrow money, it's now, when there is no charge for it. To borrow your household analogy, when is the better time to get a mortgage? When interest rates are at record lows, or when rates are at record highs?
The debt has increased. That's what happens during depressions. You can look it up. As the economy recovers, the deficit recedes. As it has been doing the past few years. In fact, the deficit, as a percentage of GDP, is NOW at the same level as it was in the mid 1980s. It will be even lower next year, and even lower the year after that.
As everyone but a crazy person knows, defaulting on the national debt would have gravely hurt the economy and the forever injured the full faith and credit of the United States. The very things you claim you are worried the national debt will do... sometime in the unknown future.
As I said, it's not the debt. It's the level of debt. The US sells bonds in order to generate cash to run the country. Those bonds have to be paid back at some point with interest to whoever invested in them. Just like with your credit card you can't keep taking cash advances and requesting credit limit increases. The is a tipping point where your ability to generate revenue (that's working and earning a paycheck for a person and raising taxes for the government) doesn't keep up with your ability to pay. And you are dead wrong when you say "can raise an unlimited amount of money through taxation and printing". The amount of taxation is definitely finite and as with any other commodity, the more money we print the less each dollar is worth.

You are right. As a depression/recession ends the deficit spending goes down. It goes down because the economy picks up and more people work, spend and pay taxes. Right now our economy is being propped up by the Federal Reserve with billions of dollars every month. It's why interest rates are low and the stock market is in record territory. If you watch closely, and anyone with a 401k or investment portfolio should, when the Fed talks about scaling back on quantitative easing the market reacts immediately and in a negative way. At some point this practice will end and there will be consequences.

You comparison with what happened in the past is not valid. This is unexplored territory. The national debt is at over-the-top unprecedented levels and never has the Fed executed this level of quantitative easing. I think we have a bubble and the more borrowing the US does the worse the consequences are going to be when the bubble finally bursts.
frank

Utica, NY

#384 Oct 17, 2013
Former lefty wrote:
Everyone needs to see a video called
Agenda:grinding America down
It's on Vimeo. Look it up
Great video!! Changed my life!!
Truth

Utica, NY

#385 Oct 18, 2013
Truth Dig wrote:
<quoted text>
The debt has increased. That's what happens during depressions. You can look it up. As the economy recovers, the deficit recedes. As it has been doing the past few years.
The debt and the deficit are two different things. Interelated but two different things. The deficit is the amount that the US government will have to borrow in order to fund itself at current budgetary levels. This years deficit is projected to be around $750 billion. The debt is the cummulative total of the deficits. That stands at just north of $16.7 trillion and is rising every day.

The deficit 'recedes' when people work, spend and pay taxes. This recovery has not seen job growth like many recoveries in the past. You have heard that job growth is flat and unemployment is still at betweent 7% and 8% haven't you? That's why the deficit, and as a result, the debt both continue to climb at unprecedented rates and why the president and Democrats in congress want in an increase in the debt ceiling.

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