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Old 06-16-2014, 02:24 PM  
Taco John Taco John is online now
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FEDS TAKE RECORD $1.9 TRILLION IN REVENUE

Yes, this is a Drudge Headline. Yes, you can eat it if you don't like that. This should end the discussion about needing to raise revenues. Despite taking in a record $1.9 trillion, they're running a deficit of $436 billion.

The problem isn't that the rich aren't kicking in their "fair share." The problem is the pigs in DC will promise anything and everything in order to get elected.

This is why the tea party was willing to shut down the government. This is why they were willing to do the sequester. This is why the tea party is willing to replace conservative leaders. And it will keep on this way until those numbers get fixed.

http://www.cnsnews.com/news/article/...l-running-436b
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Old 06-17-2014, 11:47 AM   #61
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Originally Posted by FishingRod View Post
“Me and the other Libs” I bet cosmo and Loneiguana got a good chuckle out of that.
I know I chuckled over it.

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If the Fed can’t get by on 1.9 trillion dollars the suck at their jobs.
Yup!


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We need to be cutting and I am good with starting with the Salaries and benefit packages of our Congressmen and Senators.
Yup!

Also, I think needing a bigger than needed military to defend our borders ( which we're not doing) or even for some interests abroad, but much less, is for folks who generally feel insecure.
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Old 06-17-2014, 12:07 PM   #62
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Originally Posted by patteeu View Post
Why are you posting bogus graphs? "Current policies" don't ever last forever. Why does the segment related to Afghanistan/Iraq continue to increase all the way out to 2019 when we've already withdrawn from Iraq and we're in the process of withdrawing from Afghanistan in 2014?

The difference between the cost of an Iraq War and the cost of a new entitlement like Obamacare is that the Iraq War eventually ends so the costs are temporary whereas Obamacare's costs will continue to increase until the program is repealed or reformed or bankrupt, just like all the other entitlements.
Even if you want Tax cuts on the expense side it really isn’t possible to go back in time and know how the economy would have preformed had they never been passed. While rather pedestrian the economy during the Bush administration did have one of the longest periods of continued growth in most of our lifetimes. So what the total of taxes collected could have been is nothing but a guess. Likewise it safe to assume spending would also have been different but those numbers would also be speculation. I’m sure somone with the correct assumptions can go back and produce a graph showing a horrible recession that would have produeced even less revenue and higher Government spending had the tex cuts never happened.
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Old 06-17-2014, 12:12 PM   #63
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The Bush economy was a continuation of Greenspan's reckless increases in the money supply using cheap credit. Remember all those 0 %'s. Not good. This began under Clinton and continued under Bush. Afterall, wars get financed through inflation. This led to the bust of 2008.
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Old 06-17-2014, 02:42 PM   #64
Loneiguana Loneiguana is offline
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Quote:
Originally Posted by patteeu View Post
Why are you posting bogus graphs? "Current policies" don't ever last forever. Why does the segment related to Afghanistan/Iraq continue to increase all the way out to 2019 when we've already withdrawn from Iraq and we're in the process of withdrawing from Afghanistan in 2014?

The difference between the cost of an Iraq War and the cost of a new entitlement like Obamacare is that the Iraq War eventually ends so the costs are temporary whereas Obamacare's costs will continue to increase until the program is repealed or reformed or bankrupt, just like all the other entitlements.
Um, its called interest patty.

I'm sure you have heard of it.

What is the interest on 2 trillion?

I don't even think you are that stupid.
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Old 06-17-2014, 03:11 PM   #65
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Originally Posted by Loneiguana View Post
Um, its called interest patty.

I'm sure you have heard of it.

What is the interest on 2 trillion?

I don't even think you are that stupid.
I see you aren't any better at accounting than you are at logic. Interest doesn't explain the flaw I pointed out. That flaw comes from the anti-reality assumption that all policies will continue as they were when the chart was created. I thought I already mentioned that.
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Old 06-18-2014, 08:08 AM   #66
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Originally Posted by patteeu View Post
I see you aren't any better at accounting than you are at logic. Interest doesn't explain the flaw I pointed out. That flaw comes from the anti-reality assumption that all policies will continue as they were when the chart was created. I thought I already mentioned that.
Um, it's projecting debt out that far from those policies, not projecting continuing policies. It's saying, because of these current policies, this is the debt that will build up.

And debt carries interest.

This is one of the best cases where you show to be a stick your head in the sand cheerleader.
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Old 06-18-2014, 08:23 AM   #67
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Old 06-18-2014, 08:42 AM   #68
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Originally Posted by Loneiguana View Post
Um, it's projecting debt out that far from those policies, not projecting continuing policies. It's saying, because of these current policies, this is the debt that will build up.

And debt carries interest.

This is one of the best cases where you show to be a stick your head in the sand cheerleader.
It's a nonsense graph based on nonsense assumptions, including the nonsense assumption that current policies (from whenever the graph was made) will continue through 2019.
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Old 06-18-2014, 05:46 PM   #69
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Originally Posted by patteeu View Post
It's a nonsense graph based on nonsense assumptions, including the nonsense assumption that current policies (from whenever the graph was made) will continue through 2019.
According to patty logic, The costs of World War Two aren't a part of our deficit anymore because it ended years ago.

/stupid cheerleader is stupid.
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Old 06-18-2014, 06:32 PM   #70
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According to patty logic, The costs of World War Two aren't a part of our deficit anymore because it ended years ago.

/stupid cheerleader is stupid.
As a matter of fact, the costs of WWII aren't a part of our deficit (other than possibly a small expenditure for pensions and healthcare for the surviving participants).
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Old 06-18-2014, 08:46 PM   #71
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Originally Posted by patteeu View Post
As a matter of fact, the costs of WWII aren't a part of our deficit (other than possibly a small expenditure for pensions and healthcare for the surviving participants).



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The debt-to-GDP ratio hit its all-time record of 113% by war's end. Debt was at $241.86 billion in 1946, about $2.87 trillion in current dollars. Unlike after World War I, the US never really tried to pay down much of the debt it incurred during World War II
http://www.theatlantic.com/business/...-chart/265185/

/whats the interest on 2 trillion patty?
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Old 06-18-2014, 11:44 PM   #72
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http://www.theatlantic.com/business/...-chart/265185/

/whats the interest on 2 trillion patty?
First of all, you should learn the difference between the way the words debt and deficit are used when talking about our federal budget.

When you get that straight, you can learn about how we're constantly retiring debt previously incurred as we borrow more to fund the ever-growing leviathan we call government. WWII debt has long since been retired.
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Old 06-19-2014, 08:00 AM   #73
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Originally Posted by patteeu View Post
First of all, you should learn the difference between the way the words debt and deficit are used when talking about our federal budget.

When you get that straight, you can learn about how we're constantly retiring debt previously incurred as we borrow more to fund the ever-growing leviathan we call government. WWII debt has long since been retired.


You have any evidence of that patty? Cause I provided some that shows we haven't.

And apparently you don't know how our debt collects interest.
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Old 06-19-2014, 08:12 AM   #74
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You have any evidence of that patty? Cause I provided some that shows we haven't.

And apparently you don't know how our debt collects interest.
JFC, Lone Iguana has got to be the most stupid poster on this site.

Like he said, figure out the difference between DEBT and DEFICIT.

Moron.
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Old 06-19-2014, 08:18 AM   #75
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JFC, Lone Iguana has got to be the most stupid poster on this site.

Like he said, figure out the difference between DEBT and DEFICIT.

Moron.
I do know the difference.

Yes, I know I used the wrong word a few posts up.

But, if this is yours guys only defense for our War debt... then you guys are really grasping for straws.
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