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Old 08-04-2011, 06:18 PM   #1
Peapeuddedbaw

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Default Compromise Budget Would Still Cost 1.3 trillion
I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue.

http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf
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Old 08-04-2011, 06:44 PM   #2
Erossycuc

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Yup, no surprise there. Even the 6.2 trillion dollar plan would leave us with hideous spending.
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Old 08-04-2011, 07:05 PM   #3
Varbaiskkic

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I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue.

http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf
ahoy Jviehe,

if that 1.3 trillion bothers ye, then all ye must do be to find a way to take the freedom and liberty to vote away from folks from the baby boomers on up.

that way ye could dash social security, medicaid and medicare to pieces.

otherwise, ye must work with the limitations that ye have.

- MeadHallPirate
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Old 08-04-2011, 07:27 PM   #4
Vapepreab

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I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue.

http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf
You know, it just does not seem that hard to get the fiscal house back in order. Since much of the problem lies in SS, Medicare, and Medicaid, adjusting the retirment age, with means testing ought to fix it. Am I wrong?

And of course IF, we stop allowing decent jobs being offshored, more folks would pay more in taxes, and even SS and the rest. No, this just does not seem such an unsolvable problem to me, yet those jackwags won't touch it!

I think a guy with good math skills and a 5th grade education could solve it, without impoverishing folks. Assuming we still have a middle class tax base here 30 years from now. And assuming we stop coddling the rich, and tax em more on those capital gains they reap from foreign investments. A one time tax on wealth of the rich should be considered, as we have to ask ALL folks capable of helping, to help and to feel the pain a bit. So, the problem can indeed be solved, if the lobbiests would take a 4 year vacation, or Congress would take a vacation from the lobbiests.
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Old 08-05-2011, 12:18 AM   #5
LindaSmithIV

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You know, it just does not seem that hard to get the fiscal house back in order. Since much of the problem lies in SS, Medicare, and Medicaid, adjusting the retirment age, with means testing ought to fix it. Am I wrong?

And of course IF, we stop allowing decent jobs being offshored, more folks would pay more in taxes, and even SS and the rest. No, this just does not seem such an unsolvable problem to me, yet those jackwags won't touch it!

I think a guy with good math skills and a 5th grade education could solve it, without impoverishing folks. Assuming we still have a middle class tax base here 30 years from now. And assuming we stop coddling the rich, and tax em more on those capital gains they reap from foreign investments. A one time tax on wealth of the rich should be considered, as we have to ask ALL folks capable of helping, to help and to feel the pain a bit. So, the problem can indeed be solved, if the lobbiests would take a 4 year vacation, or Congress would take a vacation from the lobbiests.
It's really strange. For 20 years Watchdog groups, Congressman, and the everyday Joe have told Congress of the problem with folks retiring now. Year after year Congress ignored it. They even borrowed against SS. Everyone has complained about offshoring, and outsourcing, and the damage it does to our economy. But that neither is ever addressed. We debate about a few million to planned parenthood and gays in the military.
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Old 08-05-2011, 12:33 AM   #6
VemyhemiHef

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I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue.

http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf
The budget itself is 3.7 TRILLION meaning with that we will be in arrears this year alone to the tune of 1.7 TRILLION dollars.

And democrats are fighting over 61 billion in cuts--or less than 2% of the 3.7 trillion dollar budget.

Amazing--isn't it?
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Old 08-05-2011, 12:49 AM   #7
Percocetti

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You know, it just does not seem that hard to get the fiscal house back in order. Since much of the problem lies in SS, Medicare, and Medicaid, adjusting the retirment age, with means testing ought to fix it. Am I wrong?

And of course IF, we stop allowing decent jobs being offshored, more folks would pay more in taxes, and even SS and the rest. No, this just does not seem such an unsolvable problem to me, yet those jackwags won't touch it!
You mean like outsourcing our oil to foreign countries and all the jobs and money that go with it to buy oil.

I think a guy with good math skills and a 5th grade education could solve it, without impoverishing folks. Assuming we still have a middle class tax base here 30 years from now. And assuming we stop coddling the rich, and tax em more on those capital gains they reap from foreign investments. A one time tax on wealth of the rich should be considered, as we have to ask ALL folks capable of helping, to help and to feel the pain a bit. So, the problem can indeed be solved, if the lobbiests would take a 4 year vacation, or Congress would take a vacation from the lobbiests. Again here's the problem with the guy with good math skills and a 5th grade education is that 40% of our kids drop out of school. And of course we have our teacher's union to thank for that.
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Old 08-05-2011, 12:55 AM   #8
Percocetti

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The budget itself is 3.7 TRILLION meaning with that we will be in arrears this year alone to the tune of 1.7 TRILLION dollars.

And democrats are fighting over 61 billion in cuts--or less than 2% of the 3.7 trillion dollar budget.

Amazing--isn't it?
Yeah and it's all over an abortion clinic. Just think when the Pub's try to cut 6 trillion over 10 yrs, the Dem's will die of a heat attack just having the thought of cutting an entitlement.
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Old 09-04-2011, 02:29 PM   #9
Peapeuddedbaw

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Well, this is what we get when liberals make the govt provide everything for them. The simple solution here is eliminate unconstitutional programs and lower taxes.
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Old 09-04-2011, 04:30 PM   #10
Vapepreab

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Well, this is what we get when liberals make the govt provide everything for them. The simple solution here is eliminate unconstitutional programs and lower taxes.
Yeah, that is like curing a horse by chopping off his head. It would cure the sickness, sure.

Send the jobs to china, then end the safety net for those unemployed and the old poor folks. that is the con way of fixing it. and that is why I find them so evil. Hell will be run by Cons. Only the rich will get a drink of hot water.
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Old 09-04-2011, 04:47 PM   #11
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OK, so cutting spending isn't going to get us to a balanced budget.
That leaves the way we used to balance the budget, back when we seemed to be more prosperous.
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Old 09-04-2011, 05:26 PM   #12
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OK, so cutting spending isn't going to get us to a balanced budget.
That leaves the way we used to balance the budget, back when we seemed to be more prosperous.
1957? Last time we didn't add to the debt. Didn't have most of the social spending we do now either.
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Old 09-04-2011, 05:47 PM   #13
Percocetti

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Yeah, that is like curing a horse by chopping off his head. It would cure the sickness, sure.

Send the jobs to china, then end the safety net for those unemployed and the old poor folks. that is the con way of fixing it. and that is why I find them so evil. Hell will be run by Cons. Only the rich will get a drink of hot water.
Yeah, yeah, yeah, same old song. How about bringing our oil jobs back home and closing our border. Two things you liberals will not do. So quit bitching.
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