I had fish and chips tonight. It was delicious.
As a percentage of GDP, total federal expenditures are declining under Obama. This is a fact. Arguments that attempt to use total expenditures as a benchmark for fiscal responsibility year over year are foolish on their face. This is because as time goes on, there are more people in the country using more services. More people mean more cars on the road, more planes in the air, more people in court and more kids in school. Therefore the government must build more roads and runways and courthouses and schools. Luckily it also means there are more people producing more goods and paying more taxes. This is called economic output. Evaluating federal spending requires a knowledge of the economic output over that same time period to provide context and allow temporal comparisons. So thanks for the terrible argument gnu guy, you've opened your mouth and removed all doubt about the basic economic knowledge of the average conservative.
Conservatives tanked the economy and ran up HUGE deficits under Bush claiming deficits don't matter while they are in office. Then they used the debt to push their austerity solutions which ended up causing double and triple dip recessions in places like the UK. Meanwhile Keynesian economic models are vindicated once again under Obama as the US economy has been growing steadily and our deficits are shrinking. I don't see how conservatives have the balls to say that liberals don't understand economics. All conservatives can do is use 10 year budget projections (which are always wrong) to try to instill fear of the future in the public. They have been claiming that our debt will lead to unsustainable interest rates for 20 years now. They are the party of Chicken Little and never ever the party of viable solutions to our problems. In economic terms, they are bankrupt.
+yep, Goebbels took poison and killed all his children, real smart !!
Really. Goebbels was much smarter than Hunter.
Landsnark, I disputed the statement that "Obama has cut spending" because it is literally false. I also dispute your statement that "Your taxes are lower...blah blah blah" because mine are not.
Not here to insult anyone, unless they are obnoxious enough to compare Jack Hunter to Joseph Goebbels, but I think I have a right to dispute outright lies.
The federal government gets by without having to provide transparent and honest financial statements.
The U.S. Treasury’s "balance sheet" does list liabilities such as public debt, but it does not include the massive unfunded liabilities of Social Security, Medicare and other federal future obligations.
A conservative estimate of Washington’s unfunded liabilities for the year ending in 2011 is $87 trillion. That’s more than 500 percent of our 2011 GDP of $15 trillion.
When the accrued expenses of the government's entitlement programs are counted, it becomes clear that to collect enough tax revenue just to avoid going deeper into debt would require over $8 trillion in tax collections annually.
That is the total of the average annual accrued liabilities of just the two largest entitlement programs, plus the annual cash deficit.
Washington would have to collect $8 trillion in tax revenue, not to pay off our national debt and have reserves against unfunded liabilities, but just to avoid accumulating more debt.
Recent IRS data show that individuals earning $66,000 and more a year have a total adjusted gross income of $5.1 trillion.
In 2011, corporate profit came to $1.6 trillion. That means if Congress simply confiscated the entire earnings of taxpayers earning more than $66,000 and all corporate profits, it wouldn't be enough to cover the $8 trillion per year growth of U.S. liabilities.
Face it we are broke... and your knowledge of economics is rudimentary at best.
Somethin smells fishy alright.
A combination of budget cuts and economic growth will pare the deficit to the lowest level since 2008, the Congressional Budget Office said in its first comprehensive analysis of the government’s finances since last month’s deal to put off the so- called fiscal cliff.
Next year’s gap will be $616 billion, the nonpartisan agency said.
The long-term budget outlook nevertheless remains grim, with baby boomers steadily swelling the ranks of Medicare and Social Security beneficiaries, according to a CBO report.
The government will rack up at least $7 trillion in deficits over the next decade, the agency said,
pushing the publicly held debt up to almost $20 trillion by 2023!
Although modest progress has been made on short-term fiscal issues, the CBO outlook shows us that the nation has by no means solved its debt problem,” said Michael Peterson, president of the Peter G. Peterson Foundation, which promotes deficit reduction.
The CBO also said it anticipates economic growth will be slow this year, with real gross domestic product rising by just 1.4 percent, in part because of budget-cutting in Washington.
It predicted faster growth next year, with the economy expanding by 3.4 percent. The jobless rate will remain above 7.4 percent through next year, according to the CBO.
I think maybe someone was right about economics..and its not the pimp.
That's fun, gnu name. The debt is shrinking. Federal spending is in decline. Your taxes are lower today than they have ever been before in your life and likely ever will again.
These are facts.... except I cannot be sure your taxes won't continue to lessen. Here is where you insult me and just say it isn't so.
Fish drip: "Obama has cut spending" Federal spending: 2007/4.9 trillion, 08/5.3, 09/6.0, 10/5.9, 11/6.1, 12/6.2 trillion dollars.
Shorter Fish Pimp: write things that are literally untrue, put false quotes in other peoples mouths, claim anyone who disagrees with his nonsense is hateful.
usa TAX DOLLARS are being spent overseas in over a thousand military bases some as old as 1898 in countries who pay us zero pennies to be there... we can reprogram NDAA 880 billion into USA GREEN UNION LIVING WAGE JOBS here in USA defending our borders, expelling gangs, pimps, dopers & the violent illegal aliens WHILE REWARDING ALL PACIFIC WORKERS WITH CITIZENSHIP to build up our nation's potential.... revive C.C.C. HR 188 Civilian Conservation Corps putting unemployed people in clothing, a bunk, mess halls and tools in their hands doing the job of energy conservation and transition away from fossil fuel burning and slow cancer nukes....we can sell off our military assets to NATO without dis-armament.... true tea party people would want to get out of women's bedrooms and doctors clinics and make America safer, but most like Jack Hunter are obsessed with theocracy, empire and war crimes of Obusha....@LarryAccomplish 843-926-1750 vote Green Party May 7th NOT THE REAL REPUBLICAN Colbert-Busch who gives 1500 corporation dollars to Sanford without apology SHE IS NOT ONE OF US.... incompetent and not ready for real policy debate in Congress.... I am.... Larry_Carter_Center@yahoo.com all her Rethuglican clones are for forcing women to stay pregnant and deny BASIC MARRIAGE EQUALITY RIGHTS UNDER LAW.... LuLu has done nothing to help labor or women or civil rights while my whole life is all about justice and progressive cause ACTION .... she is NOT ONE OF US
Wanna know when the national debt has traditionally seen big increases? When we were at war. It costs a hell of a lot of money to wage a war.
"Lets hope Graham gets a pink slip soon. He is a Republican In Name Only." A Republican doesn't have to be in lockstep with other's on all of the issues about all that can be demanded of someone is to attempt to be a team player.. This notion that the ideal American stands in front of a tv monitor down at the local horse track with eight or nine hundred dollar bills clinched in hand with a death grip as the other hand disappears from sight after a big swig from that bottle of wild turkey in the papersack in the meantime a whiskey river races from the corner's of his mouth in an effort to be the first off his chin. After the races he is headed to the gun club to get Chuck Norris's autograph?? What? Leave Graham alone he's a good enough Republican he may not be just like Bubba here but he's a thoughtful guy.
As long as there is a deficit, then the national debt is increasing.
You know that we have to pay interest on the national debt right, Fish Pimp?
You know that the interest increases each year, as the debt does, right?
You know that global interest rates are at historic lows, but that it won't last forever, right?
You know that within a decade or two the US could be spending 20-25% of federal revenue on the interst to carry the debt, right?
You know that would require even more debt, and it would spiral quickly, right?
So, what's the plan?
Lindsey OUGHT to fear those DEEP cuts at the present, smarty pants. Hey HUNTER JACK follow this; cutting spending as you and Jim DeMent would have us do would act on the economy in the same general job losing manner as a steep runup in taxes would do. L.G. is correct because in our present slow recovery such a colossal removal of cash from the economy would essentially be a vacuum effect on our military bases stateside not to mention every agency that doles out cash locally... This idea people have gotten in their heads about how cutting back on spending MUST happen now in a big way is wrong, according to Fed chairman Bernanke the economy will adjust overtime to increased cuts, but to make a big upfront cut has is being proposed by yourself and former Senator DeMint will cause a huge SHOCK to the job market.. Wrong move.
Shorter Jack Hunter: Republicans should elect broken clocks and blind squirrels.
Yes Betty, most Americans are ignorant of economics. A recent poll by Bloomberg found that most Americans believe that the federal deficit is rising (62%) or about the same (28%) as it was last year. Only 6% of Americans know that the deficit is shrinking at the fastest rate since WWII (go ahead, Google it). So a whopping 94% of Americans are either wrong or don't know the truth about our economy and the problems we face. The truth is that Obama has cut spending and increased revenue that has dropped our deficit from 8.7% of GDP in 2011 to about 5.3% of GDP in FY2013.
The tea party should be applauding, I wonder why they are not? No, I know why. It's a movement full of hacks who want only to shred the social safety net, some out of greed, others out of hate.
"Unfortunately most Americans are ignorant when it comes to the subject of economics and therefore don't have the understanding to clearly articulate the economic problems we face, much less offer viable solutions. So it's no wonder that many tea parties have gotten off base. "
Yep, the Tea Party does not understand economics.
Unfortunately most Americans are ignorant when it comes to the subject of economics and therefore don't have the understanding to clearly articulate the economic problems we face, much less offer viable solutions. So it's no wonder that many tea parties have gotten off base.
It is easier to gravitate to emotional responses regarding social issues because most people have some opinion they are emotionally bound to. Not so with economics, to our overall detriment. Little do people realize that faulty economic decisions are the direct cause of social problems. Trying to correct social ills without first correcting economic ills puts the cart before the horse.
Two news stories caught my eye this morning. There is a
proposal for a government program to provide free condoms
to boys in high school, and the sequestration. Could there
possibly be a better illustration of the difference between
Democrats and Republicans?
Obama can't afford the air traffic controllers to keep
the local airport open overnight, but he will accommodate
the needs of horny teenage boys. Obama can't afford the
regularly scheduled maintenance of aircraft carriers, but
he will provide government birth control for a loose lipped
I say keep the air traffic controllers, retrofit the air
craft carrier; and let the school boys' parents buy them
rubbers; and somebody please put a tip jar on that
Georgetown night stand, and let the boys who are
gettin' some rake her sand trap.
The difference between Democrats and Republicans?
Priorities, son, priorities.”
Heck, the muslims kill more of their own with all these car bombs in the market places women, children old people , so what' s the problem with the drones killing a few ?
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