Full Version: Barack Obama's financial plans
Gosh, CC, did you come up with that line all by yourself? Aren't you the clever one. At least we all know you are hearing Faux News with no problems, and actually retaining the crap and being able to recite it! Mom must be proud. Keep watching, as the brainwashing...um, I mean education is almost complete! You are just about there, CC! Oh, how I pray the day will come quickly when you will be fully transformed into a Faux News zombie-bot! I hear you even get a T-shirt! Oh, joy is the day!
There you go again. You know, you mindless autobots never cease to amaze me. Just because someone doesn't worship at the feet of Our Lord and Savior Barack Obama he's a right-winger. Just because someone criticizes Our Lord and Savior Barack Obama's horrible, pro-tax budget, he must watch FOX News.
Don't you people ever get tired of reciting the same, old talking points? Of course not, because you lack the intelligence to think for yourself as I do. I don't have the time or desire to watch TV news crap, whether it be the FOXes or CNNs of the world or even the local garbage. I have 4 HD DVRs at my place that are loaded with over 400 hours of programs from the last 10 months simply because I just don't have the luxury or time to sit down in front of the boob tube (I teach, I grade papers, I do lesson plans, I go to bed), which means I haven't become the unknowledgeable ideologue that you and your fellow pro-government, pro-taxes-on-the-middle-class, Obama-can-do-no-wrong Socialists have become.
Don't you people ever get tired of reciting the same, old talking points? Of course not, because you lack the intelligence to think for yourself as I do. I don't have the time or desire to watch TV news crap, whether it be the FOXes or CNNs of the world or even the local garbage. I have 4 HD DVRs at my place that are loaded with over 400 hours of programs from the last 10 months simply because I just don't have the luxury or time to sit down in front of the boob tube (I teach, I grade papers, I do lesson plans, I go to bed), which means I haven't become the unknowledgeable ideologue that you and your fellow pro-government, pro-taxes-on-the-middle-class, Obama-can-do-no-wrong Socialists have become.
Crew Chief you're a colorful character. It's just so hard to have an intelligent discussion of issues with someone who is not in touch with reality. I wish you well.
If you wish to see someone who is not in touch with reality, I'd suggest looking in the mirror. Illogical statements, blind allegiance to a socialist and his ideology, and the failure to realize what the real world is like is what makes you the one who is not in touch with reality.
Well, looky here...something mighty interesting I came across...via the internet. Despute them all you want, but hard numbers don't lie. Neither does the truth, as painful (for some) as it may be....
Now that the George W. Bush era has finally ended, we can do a tally of the national debt he has left to us, our children, and our grandchildren:
When Bush was sworn in on January 20, 2001, the national debt was $5,727,776,738,304.64.
When "W" left office on January 20, 2009, the national debt was $10,626,877,048,913.08.
The growth in the national debt during his eight years in office: $4,899,100,310,608.44.
The average yearly growth in the national debt during Bush's presidency: $612,387,538,826.05.
During much of Bush's tenure, he had a Republican majority in both the House and the Senate.
He claimed that tax cuts would pay for themselves - they did not. He claimed that tax cuts would result in growth - we are in the worst economic downturn since the Great Depression.
Let us hope that once the economy rights itself, we will find the political will to insist that we pay what it costs to run this country. We need to do it as a general principle of what is right for America, and not empty words conditioned upon every citizen agreeing with how every dollar in the government budget is being spent.
What George Bush did to this country profoundly weakened us. We worry about the effect of spending a trillion dollars to bring us back from an economic precipice because, during times of relative prosperity we were sold a bill of goods about how our budget would be balanced at some time in future, despite all evidence to the contrary.
There can be no more "magical thinking". No more tricks of accountancy. No more ignoring the costs of our aging population. This time, when we restore our economy to some semblance of health we need to pay as we go, not borrow as we cross our fingers (end of article)
I do not know the author, but I did check the facts, and they are just that...FACT. At least someone is now at the helm who is righting the ship. God Bless America!
Now that the George W. Bush era has finally ended, we can do a tally of the national debt he has left to us, our children, and our grandchildren:
When Bush was sworn in on January 20, 2001, the national debt was $5,727,776,738,304.64.
When "W" left office on January 20, 2009, the national debt was $10,626,877,048,913.08.
The growth in the national debt during his eight years in office: $4,899,100,310,608.44.
The average yearly growth in the national debt during Bush's presidency: $612,387,538,826.05.
During much of Bush's tenure, he had a Republican majority in both the House and the Senate.
He claimed that tax cuts would pay for themselves - they did not. He claimed that tax cuts would result in growth - we are in the worst economic downturn since the Great Depression.
Let us hope that once the economy rights itself, we will find the political will to insist that we pay what it costs to run this country. We need to do it as a general principle of what is right for America, and not empty words conditioned upon every citizen agreeing with how every dollar in the government budget is being spent.
What George Bush did to this country profoundly weakened us. We worry about the effect of spending a trillion dollars to bring us back from an economic precipice because, during times of relative prosperity we were sold a bill of goods about how our budget would be balanced at some time in future, despite all evidence to the contrary.
There can be no more "magical thinking". No more tricks of accountancy. No more ignoring the costs of our aging population. This time, when we restore our economy to some semblance of health we need to pay as we go, not borrow as we cross our fingers (end of article)
I do not know the author, but I did check the facts, and they are just that...FACT. At least someone is now at the helm who is righting the ship. God Bless America!
So the answer is to spend even more, making Bush and the Republican Congress then look like paupers?
How anyone can make the ridiculous claim that we have someone righting the ship when that someone is spending gobs more than Bush and the GOP did during his entire 8 years is truly baffling. One doesn't right the ship by giving us trillion dollar budget deficits, by assessing the highest tax increases in this nation's history on the lower and middle class, by trying to get the government to run 1/6 of the economy via some disastrous health care bill that even he cannot explain.
The so-called party of frugality and budget consciousness spent like drunken sailors for many of Bush's years in office. However, what Our Glorious Leader and the Congress are doing is unprecedented.
I noticed, of course, that you conveniently forgot to mention what the budget deficit was when Bush left office and what it is now, during the Obama Administration; and don't forget the unemployment rate, which is going to approach the Jimmy Carter rate if something's not done.
This blame Bush for everything doesn't work anymore. Americans are tired of the lack of responsibility this president has. They're hip to his childish actions of blaming someone else for all his problems.
How anyone can make the ridiculous claim that we have someone righting the ship when that someone is spending gobs more than Bush and the GOP did during his entire 8 years is truly baffling. One doesn't right the ship by giving us trillion dollar budget deficits, by assessing the highest tax increases in this nation's history on the lower and middle class, by trying to get the government to run 1/6 of the economy via some disastrous health care bill that even he cannot explain.
The so-called party of frugality and budget consciousness spent like drunken sailors for many of Bush's years in office. However, what Our Glorious Leader and the Congress are doing is unprecedented.
I noticed, of course, that you conveniently forgot to mention what the budget deficit was when Bush left office and what it is now, during the Obama Administration; and don't forget the unemployment rate, which is going to approach the Jimmy Carter rate if something's not done.
This blame Bush for everything doesn't work anymore. Americans are tired of the lack of responsibility this president has. They're hip to his childish actions of blaming someone else for all his problems.
The damage done to our, and the world, economy by the deliberate actions of the wealthy to avoid taxation is incalculable but certain. And it appears that it will continue at least through Obama's term as president.
The not-so-hidden agenda of Republicans and so-called conservative Democrats is a disaster waiting to happen. Or as the link says:
When viewed since their institution marginal tax rates have been highest during good times and lowest just before disaster.
A free calculator gives "marginal rate" calculations.
The not-so-hidden agenda of Republicans and so-called conservative Democrats is a disaster waiting to happen. Or as the link says:
QUOTE
It’s bad tax policy, introducing tremendous uncertainty. It’s not very effective as a short-term stimulus to the economy. It’s grossly unfair. It’s likely over the long term to actually reduce growth. It’s extremely irresponsible fiscally. It’s dishonest and deceptive—in its design but especially in bringing Enron-style principles to government accounting. It ignores real needs and threatens government spending that would be good for the economy and society.
It is legalized robbery, and does not even constitute a true tax cut.When viewed since their institution marginal tax rates have been highest during good times and lowest just before disaster.
A free calculator gives "marginal rate" calculations.
It is also noteworthy that The Cato Institute, a group that claims to have been founded based on "a series of libertarian pamphlets that helped lay the philosophical foundation for the American Revolution", and The Heritage Foundation which is equally conservative, both suggest that tax revenues expanded as percent of GDP in the USA have increased since 1965.
However neither mentions that the same figure was higher in virtually the entire western world 2005.
The current meltdown in the world markets started and not in a country with higher actual tax revenues.
The Cato institutes interpretation of its own chart is flawed, in my opinion.
The drop in revenues in 1930 heralded The Great Depression.
Whether the two are connected is something that can be argued 'til hell freezes over - or until depression #2.
However neither mentions that the same figure was higher in virtually the entire western world 2005.
The current meltdown in the world markets started and not in a country with higher actual tax revenues.
The Cato institutes interpretation of its own chart is flawed, in my opinion.
The drop in revenues in 1930 heralded The Great Depression.
Whether the two are connected is something that can be argued 'til hell freezes over - or until depression #2.
Glenn Greenwald dissects today's front-page stories on Obama: going on his knees to Wall Street for campaign millions, restricting our privacy with new FBI snooping powers:
http://www.salon.com/news/opinion/glenn_gr...line/index.html
http://www.salon.com/news/opinion/glenn_gr...line/index.html
QUOTE(Bill W @ Jun 13 2011, 08:43 PM) 
Glenn Greenwald dissects today's front-page stories on Obama: going on his knees to Wall Street for campaign millions, restricting our privacy with new FBI snooping powers:
http://www.salon.com/news/opinion/glenn_gr...line/index.html
If financiers have any brains left they'll support him. Any of the Republicans will cause a depression and those Wall Street minions will be crashing through their million-dollar penthouse windows to commit suicide.
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