$3.5T Not As Big As You Might Think

[bendog]

Obama's Fiscal Legacy: A Comprehensive Overview of Spending, Taxes, and Deficits

The analysis in this paper begins with the 10-year budget baseline that Obama inherited in January 2009 and measures subsequent tax and spending changes.

www.manhattan-institute.org

Almost all increases in spending during the Obama years occurred in the first two years.

That's true, but the question is why spending didn't decrease when we exited the recession. That's not necessarily a diss at Obama. Deficits were declining even though the Gop house refused any deal to curtail social spending for a tax hike to move towards a more balanced budget.

 

[Lesh]

They are opposed to raising the debt ceiling because the leading democrats are self-identified socialists who plan to tank the bipartisan infratruture deal for a 3.5 T stimulus bill that nobody knows whats in it.

One has nothing to do with the other and blow your "self identified socialists" out your ass.

Neither AOC nor Sanders is in a leadership position

 

[jknowgood]

Get rid of all tax loopholes and exceptions made for Congress.
Eliminate Lobbyists, and gifts.
There should be no profiteering from public office while you are in office.
Ban insider trading for Congress
Produce a balanced budget amendment to The Constitution.

Then I will discuss your Pork Filled garbage bill.

I say suspend their pay and benefits till they come up with a balanced budget.

 

[bendog]

Oh shut up, Obama promised families would save $2500 a year on insurance. It went up evey year. You're such a liar.

Well, I got to keep my kid on insurance which included at no out of pocket all of her wellness, and insurance covered my colonscopy as wellness that was not covered before. I'm not an Obamacare fan, though.

 

[Lesh]

That's true, but the question is why spending didn't decrease when we exited the recession.

Does your household spending decrease? Do your bills go down?

The INCREASES largely stopped...did you expect massive cuts in military spending?

 

[bendog]

One has nothing to do with the other and blow your "self identified socialists" out your ass.

Neither AOC nor Sanders is in a leadership position

Riiiiight.

Progressive leaders on Tuesday declared that a majority of their 100-member caucus still plans to tank President Joe Biden’s infrastructure bill this week without a firm commitment that party leaders can finish their broader social spending package.
And now they have a key ally across the Capitol: Sen. Bernie Sanders.

"I hope that if there is no agreement here in the Senate, we've got to maintain the dual track and it should be defeated,” Sanders (I-Vt.) said Tuesday, following up his remarks with tweets urging House progressives to vote against the infrastructure bill sans a broader agreement.


Liberal Democrats in the House are vowing to oppose the vote Thursday without key details about what the Senate’s most vocal centrists will support — information that was still not immediately anticipated after Biden’s high-stakes meetings with both Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona on Tuesday.

Progressives dig in as Pelosi tries to save key vote

“I think a lot of us want to make sure we have an assurance that, in fact, there’s going to be a reconciliation bill," said Rep. Jim McGovern.

www.politico.com

 

[Smokin' OP]

Yeah so did you claim all of Obama's plans.......yet the debt increased by $10 trillion.........ooops

You're FOS, as usual.
Obama added $8 trillion to the debt, in 8 years.
Meanwhile, Trump claimed:

After he took office, Trump predicted that economic growth created by the 2017 tax cut, combined with the proceeds from the tariffs he imposed on a wide range of goods from numerous countries, would help eliminate the budget deficit and let the U.S. begin to pay down its debt. On July 27, 2018, he told Sean Hannity of Fox News: “We have $21 trillion in debt. When this [the 2017 tax cut] really kicks in, we’ll start paying off that debt like it’s water.”

Nine days later, he tweeted, “Because of Tariffs we will be able to start paying down large amounts of the $21 trillion in debt that has been accumulated, much by the Obama Administration.”

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

Wow, and that only took 4 years.

 

[Meister]

Most if not all of it IS paid for by raising taxes on capital gains and higher income folks

Bullshit, take all the money from your "rich", add it up, and see what you come up with.
I'll wait.

 

[jknowgood]

Of course not, republicans claim to love the country and are the true 'patriots' but they don't want to support it, just like Trump.
That's what the working and middle class are for.

September 26, 2016
“The only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax,” Clinton said.

Trump quickly retorted: “That makes me smart.”

You believe Hillary? Fact is, Biden owes $500,000 in back taxes. He tried to screw the government out of.

 

[Crepitus]

President Trump tried to implement all of that

And now you're back to posting total bullshit lies and crazy talk.

I knew it wouldn't last.

 

[Smokin' OP]

They are opposed to raising the debt ceiling because the leading democrats are self-identified socialists who plan to tank the bipartisan infratruture deal for a 3.5 T stimulus bill that nobody knows whats in it.

Guess you don't know the meaning of the debt ceiling.

It's like a credit card bill, it's the end of the month and the bill Trump accumulated is due, now his cult doesn't want to pay, just like Trump.

 

[mudwhistle]

Of course not, republicans claim to love the country and are the true 'patriots' but they don't want to support it, just like Trump.
That's what the working and middle class are for.

September 26, 2016
“The only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax,” Clinton said.

Trump quickly retorted: “That makes me smart.”

Absolute lies.
Democrats think being a patriot is bringing millions of people here that hate America (and paying them more than people on Social Security get).
Republicans look through the spending list that Democrats have produced and say that they cannot accept this.
Saying no to ridiculous spending isn't being unpatriotic, nor is not wearing a mask or not getting vaccinated.
Democrats used to say that Climate Change is causing unrest in the Middle-East....and now they're saying that COVID is causing millions of people to flock to our Southern Border. No.....Biden promising them $3600/mo, free health care, and free junior college is causing people to flock to our Southern Border. His refusal to send them back or force them to wait in Mexico is bringing them here by the millions.

 

[Crepitus]

Cool, then there is no urgency to pass it this year.

Not what I said.

 

[hadit]

Net costs. That means cost minus revenue streams

You seem not to understand what you are saying

It doesn't cost $0, as Quid Pro is saying. I thought social media platforms and the talking heads on TV were all about stopping elected officials from spreading lies.

 

[mudwhistle]

Guess you don't know the meaning of the debt ceiling.

It's like a credit card bill, it's the end of the month and the bill Trump accumulated is due, now his cult doesn't want to pay, just like Trump.

Oh....Trump spent it....not Congress?
Civics classes taught me a Republican president cannot spend one dime without the approval of Congress. This is why he had so much trouble building the wall.
You can blame Nancy Pelosi for all of the spending under Trump.

 

[Meister]

Is there anything in the bill that you agree with? Have you read it? Do you know every thing that is in it?

There should be several things in the bill that both sides could agree on?

And if there is, what?
It's all or nothing with those progressives.

 

[Smokin' OP]

You believe Hillary? Fact is, Biden owes $500,000 in back taxes. He tried to screw the government out of.

You're a moron.
Trump's reply was on video, 'that makes me smart'.
Why did he say that.

$500,000 in taxes?

I heard it was $2.5 million, from Q NUT daily.

Biden said the lizard people will pay for it.

 

[my2¢]

If $3.5T trillion isn't so big then what-the-heck, the IRS shouldn't miss at all my measly $25K annual donation. Don't you think?

 

[SassyIrishLass]

It actually costs $0.

Left wing math.

More like left wing meth

 

[Lesh]

Death Panels are real. If you live in a blue state and are getting government health care they can refuse coverage for some conditions under the Affordable Care Act.

WTF are you talking about?