A breakdown of who is really paying taxes

[Toddsterpatriot]

A war of choice is not a Constitutional mandate!!!
And it was Clinton who kept the free spending GOP Congress in check! Once Clinton was replaced by the free spending Bush the GOP free spending Congress ran up 3.8 trillion in debt in 6 years, thats over 600 billion in debt per year. Clinton only ran up a little under 1.4 trillion in 8 years. Bush racked up just under 6 trillion in 8 years passing 12 trillion in GOP debt to Obama. Half of of the debt run up since Bush is the interest on the 12 trillion GOP debt, the other half is the continued spending on Bush policies like his wars, Medicare Part D, No Child Left Behind, etc. CON$ervatism = Generational Theft!!!

Defense of this country is a constitutional mandate
Free spending GWB added 700 billion on spending through 2008
not 2.5 trillion
He passed nothing onto BHO but a budget for the year of 3.1 billion, when BHO got thru with it it was 3.5 billion

The wars are a constitutional mandate. Job 1 is to defend this country and even Obama has agreed to that mandate

2009 United States federal budget - Wikipedia, the free encyclopedia

How can GWB have added the debt you liberals keep claiming when the federal defict for the year 2007 was 163 billion?
and how can the GOP policies have done this when this budget was the last GOP budget?
2007 United States federal budget - Wikipedia, the free encyclopedia

close to 50% of the total debt added under his watch was in 2009
A debt that no matter how you cut that year, BHO owns 50% of it
Now in hos defense as well as GWB defense the total collapse of revenue neither caused
Greed fro every person who had a part in that bubble did, no-one else

Iraq didn't attack this country, so no Constitutional mandate to attack anyone CON$ervoFascists feel like attacking.

Free spending GWB added 3.8 trillion to the GOP national debt his first six fiscal years, not the 700 billion you fabricated.

GWB added 500 billion to the GOP national debt in 2007 by borrowing 500 billion dollars, not 163 billion.

The government only borrowed 163 billion in 2007.

 

[edthecynic]

Defense of this country is a constitutional mandate
Free spending GWB added 700 billion on spending through 2008
not 2.5 trillion
He passed nothing onto BHO but a budget for the year of 3.1 billion, when BHO got thru with it it was 3.5 billion

The wars are a constitutional mandate. Job 1 is to defend this country and even Obama has agreed to that mandate

2009 United States federal budget - Wikipedia, the free encyclopedia

How can GWB have added the debt you liberals keep claiming when the federal defict for the year 2007 was 163 billion?
and how can the GOP policies have done this when this budget was the last GOP budget?
2007 United States federal budget - Wikipedia, the free encyclopedia

close to 50% of the total debt added under his watch was in 2009
A debt that no matter how you cut that year, BHO owns 50% of it
Now in hos defense as well as GWB defense the total collapse of revenue neither caused
Greed fro every person who had a part in that bubble did, no-one else

Iraq didn't attack this country, so no Constitutional mandate to attack anyone CON$ervoFascists feel like attacking.

Free spending GWB added 3.8 trillion to the GOP national debt his first six fiscal years, not the 700 billion you fabricated.

GWB added 500 billion to the GOP national debt in 2007 by borrowing 500 billion dollars, not 163 billion.

The government only borrowed 163 billion in 2007.

The government borrowed 500 billion in 2007, most of it from the SS surplus.

 

[Toddsterpatriot]

Iraq didn't attack this country, so no Constitutional mandate to attack anyone CON$ervoFascists feel like attacking.

Free spending GWB added 3.8 trillion to the GOP national debt his first six fiscal years, not the 700 billion you fabricated.

GWB added 500 billion to the GOP national debt in 2007 by borrowing 500 billion dollars, not 163 billion.

The government only borrowed 163 billion in 2007.

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

 

[edthecynic]

The government only borrowed 163 billion in 2007.

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

And other trust and pension funds.

 

[JoeB131]

Not sure why Obama is better than Romney, my god we went from spending less than 3 trillion a year to close to 4 trillion in 2010
Whats worse is nothing to show for it
Romney is a blue dog democrat, or center right
BHO is off the cliff left

any-way that is the great thing about all of this, you have a choice

Every western democracy had to increase spending in the wake of this recession, which is what countries do when recessions hit.

I think neither one of these guys is levelling with us as to what needs to be done in terms of cutting and taxing.

 

[BillyV]

The government only borrowed 163 billion in 2007.

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

There seems to be some confusion throughout this thread about budget deficit and debt. The deficit is the difference between what the government spends in a year and what it receives in tax and other revenue. "Tax and other revenue" includes social security and medicare receipts; since it's being borrowed from within the government, it doesn't count as part of the deficit. In addition, the interest on the debt is estimated, usually at about 5% of the overall budget, which is much less than the actual amounts due. The debt, on the other hand, includes all borrowings, public and intergovernmental, and actual interest payments. So each year the debt goes up substantially more than the deficit would imply, which is why you can have a $163 billion deficit but add $500 billion to the debt (or in 2009, a budget deficit of $1.4 trillion, but $2 trillion in additional debt).

 

[JRK]

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

There seems to be some confusion throughout this thread about budget deficit and debt. The deficit is the difference between what the government spends in a year and what it receives in tax and other revenue. "Tax and other revenue" includes social security and medicare receipts; since it's being borrowed from within the government, it doesn't count as part of the deficit. In addition, the interest on the debt is estimated, usually at about 5% of the overall budget, which is much less than the actual amounts due. The debt, on the other hand, includes all borrowings, public and intergovernmental, and actual interest payments. So each year the debt goes up substantially more than the deficit would imply, which is why you can have a $163 billion deficit but add $500 billion to the debt (or in 2009, a budget deficit of $1.4 trillion, but $2 trillion in additional debt).

I even began a seperate thread explaining that
Policies from 1995 thru 2007 have not been that far off of deficit nutreal

 

[Toddsterpatriot]

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

And other trust and pension funds.

So the net debt added was $163 billion. Excellent!

 

[Toddsterpatriot]

The government borrowed 500 billion in 2007, most of it from the SS surplus.

The government borrowed $337 billion in cash from SS?

There seems to be some confusion throughout this thread about budget deficit and debt. The deficit is the difference between what the government spends in a year and what it receives in tax and other revenue. "Tax and other revenue" includes social security and medicare receipts; since it's being borrowed from within the government, it doesn't count as part of the deficit. In addition, the interest on the debt is estimated, usually at about 5% of the overall budget, which is much less than the actual amounts due. The debt, on the other hand, includes all borrowings, public and intergovernmental, and actual interest payments. So each year the debt goes up substantially more than the deficit would imply, which is why you can have a $163 billion deficit but add $500 billion to the debt (or in 2009, a budget deficit of $1.4 trillion, but $2 trillion in additional debt).

It's true, ed is confused.

 

[JRK]

The government borrowed $337 billion in cash from SS?

There seems to be some confusion throughout this thread about budget deficit and debt. The deficit is the difference between what the government spends in a year and what it receives in tax and other revenue. "Tax and other revenue" includes social security and medicare receipts; since it's being borrowed from within the government, it doesn't count as part of the deficit. In addition, the interest on the debt is estimated, usually at about 5% of the overall budget, which is much less than the actual amounts due. The debt, on the other hand, includes all borrowings, public and intergovernmental, and actual interest payments. So each year the debt goes up substantially more than the deficit would imply, which is why you can have a $163 billion deficit but add $500 billion to the debt (or in 2009, a budget deficit of $1.4 trillion, but $2 trillion in additional debt).

It's true, ed is confused.

All presidents done have done that
The bottom line is we were close in 02 06 and07
The wars are a constitutional mandate, without them we had 3 balanced budgets

I was in favor of adding a vat tax. A 2% Vat tax would have probably been enough and the country for the most would not have had an issue with that
The left kills me with this GWB doubled the debt, when in reality thru 08 all total 2.5 trillion was added, 50% of 09 (atleast 50%) is BHO

 

[starcraftzzz]

Not sure why Obama is better than Romney, my god we went from spending less than 3 trillion a year to close to 4 trillion in 2010

I see so you are so stupid that you think over time more money should not be spent. It is as if you are so stupid that you think it is a bad thing if a family spends more money then they did 20 years before.

Whats worse is nothing to show for it

I see so according to you nothing equals over 5million jobs 12 million less people in poverty, thousands of people not dead due to health problems etc etc etc etc

BHO is off the cliff left

I see so according to you implementing policies that Republicans proposed in 1990 is off the cliff left

 

[code1211]

Not sure why Obama is better than Romney, my god we went from spending less than 3 trillion a year to close to 4 trillion in 2010

I see so you are so stupid that you think over time more money should not be spent. It is as if you are so stupid that you think it is a bad thing if a family spends more money then they did 20 years before.

Whats worse is nothing to show for it

I see so according to you nothing equals over 5million jobs 12 million less people in poverty, thousands of people not dead due to health problems etc etc etc etc

BHO is off the cliff left

I see so according to you implementing policies that Republicans proposed in 1990 is off the cliff left

I, and you, don't know what you're talking about.

The Big 0 has actively campaigned against the economic recovery that he talks about supporting. He sues companies that are expanding and hiring to stop them, he sues companies to stop the recovery of fossil fuels, he stops the construction of the pipeline, he fabricates international law to shut down companies that hire non0union laborers and he bankrupts the country to support the UAW.

Regarding implementing the policies of one decade and applying them to the needs of another, invading Europe and conquering japan served pretty well to end the Great Depression. Since it worked then, do you suggest we do it again?

The income of the country has dropped. The spending must also drop, but the Big 0 sees this as the time to double up on all of the excesses.

This clown is using policies and plans that have been the goals of Liberalism my whole life in a time when the treasury is empty.

He claims he's trying to make the rich pay their fair share while what he is really doing is making our children pay OUR fair share.

He's a lying thief attacking the next generation.

 

[edthecynic]

The government borrowed $337 billion in cash from SS?

And other trust and pension funds.

So the net debt added was $163 billion. Excellent!

The net debt added to the GOP national debt was 500 billion.
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23

 

[edthecynic]

There seems to be some confusion throughout this thread about budget deficit and debt. The deficit is the difference between what the government spends in a year and what it receives in tax and other revenue. "Tax and other revenue" includes social security and medicare receipts; since it's being borrowed from within the government, it doesn't count as part of the deficit. In addition, the interest on the debt is estimated, usually at about 5% of the overall budget, which is much less than the actual amounts due. The debt, on the other hand, includes all borrowings, public and intergovernmental, and actual interest payments. So each year the debt goes up substantially more than the deficit would imply, which is why you can have a $163 billion deficit but add $500 billion to the debt (or in 2009, a budget deficit of $1.4 trillion, but $2 trillion in additional debt).

It's true, ed is confused.

All presidents done have done that
The bottom line is we were close in 02 06 and07
The wars are a constitutional mandate, without them we had 3 balanced budgets

I was in favor of adding a vat tax. A 2% Vat tax would have probably been enough and the country for the most would not have had an issue with that
The left kills me with this GWB doubled the debt, when in reality thru 08 all total 2.5 trillion was added, 50% of 09 (atleast 50%) is BHO

Through 2008 Bush added 4.2 trillion to the GOP national debt, and Bush owns 100% of fiscal year 2009 bringing his grand total to 6.1 trillion added to the GOP national debt.

09/30/2009 - $11,909,829,003,511.75
09/30/2008 - $10,024,724,896,912.49
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23
09/30/2005 - $7,932,709,661,723.50
09/30/2004 - $7,379,052,696,330.32
09/30/2003 - $6,783,231,062,743.62
09/30/2002 - $6,228,235,965,597.16
09/30/2001 - $5,807,463,412,200.06

 

[Toddsterpatriot]

And other trust and pension funds.

So the net debt added was $163 billion. Excellent!

The net debt added to the GOP national debt was 500 billion.
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23

You left out the assets.
Accounting fail.

 

[Toddsterpatriot]

It's true, ed is confused.

All presidents done have done that
The bottom line is we were close in 02 06 and07
The wars are a constitutional mandate, without them we had 3 balanced budgets

I was in favor of adding a vat tax. A 2% Vat tax would have probably been enough and the country for the most would not have had an issue with that
The left kills me with this GWB doubled the debt, when in reality thru 08 all total 2.5 trillion was added, 50% of 09 (atleast 50%) is BHO

Through 2008 Bush added 4.2 trillion to the GOP national debt, and Bush owns 100% of fiscal year 2009 bringing his grand total to 6.1 trillion added to the GOP national debt.

09/30/2009 - $11,909,829,003,511.75
09/30/2008 - $10,024,724,896,912.49
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23
09/30/2005 - $7,932,709,661,723.50
09/30/2004 - $7,379,052,696,330.32
09/30/2003 - $6,783,231,062,743.62
09/30/2002 - $6,228,235,965,597.16
09/30/2001 - $5,807,463,412,200.06

Bush owns 100% of fiscal year 2009

Obama didn't spend any money in fiscal year 2009?
Are you sure?

 

[edthecynic]

All presidents done have done that
The bottom line is we were close in 02 06 and07
The wars are a constitutional mandate, without them we had 3 balanced budgets

I was in favor of adding a vat tax. A 2% Vat tax would have probably been enough and the country for the most would not have had an issue with that
The left kills me with this GWB doubled the debt, when in reality thru 08 all total 2.5 trillion was added, 50% of 09 (atleast 50%) is BHO

Through 2008 Bush added 4.2 trillion to the GOP national debt, and Bush owns 100% of fiscal year 2009 bringing his grand total to 6.1 trillion added to the GOP national debt.

09/30/2009 - $11,909,829,003,511.75
09/30/2008 - $10,024,724,896,912.49
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23
09/30/2005 - $7,932,709,661,723.50
09/30/2004 - $7,379,052,696,330.32
09/30/2003 - $6,783,231,062,743.62
09/30/2002 - $6,228,235,965,597.16
09/30/2001 - $5,807,463,412,200.06

Bush owns 100% of fiscal year 2009

Obama didn't spend any money in fiscal year 2009?
Are you sure?

No he didn't. Bush's fiscal spending ended Sept 30, 2009. Obama's calendar year 2009 spending starts Oct 1.

 

[Toddsterpatriot]

Through 2008 Bush added 4.2 trillion to the GOP national debt, and Bush owns 100% of fiscal year 2009 bringing his grand total to 6.1 trillion added to the GOP national debt.

09/30/2009 - $11,909,829,003,511.75
09/30/2008 - $10,024,724,896,912.49
09/30/2007 - $9,007,653,372,262.48
09/30/2006 - $8,506,973,899,215.23
09/30/2005 - $7,932,709,661,723.50
09/30/2004 - $7,379,052,696,330.32
09/30/2003 - $6,783,231,062,743.62
09/30/2002 - $6,228,235,965,597.16
09/30/2001 - $5,807,463,412,200.06

Bush owns 100% of fiscal year 2009

Obama didn't spend any money in fiscal year 2009?
Are you sure?

No he didn't. Bush's fiscal spending ended Sept 30, 2009. Obama's calendar year 2009 spending starts Oct 1.

I'm pretty sure the failed stimulus spent money before Sep 30, 2009.

When did Bush sign the 2009 fiscal year budget?

 

[edthecynic]

Bush owns 100% of fiscal year 2009

Obama didn't spend any money in fiscal year 2009?
Are you sure?

No he didn't. Bush's fiscal spending ended Sept 30, 2009. Obama's calendar year 2009 spending starts Oct 1.

I'm pretty sure the failed stimulus spent money before Sep 30, 2009.

When did Bush sign the 2009 fiscal year budget?

There was no "failed" stimulus.

 

[Neotrotsky]

Sure,
If you were Solyndra or some other friend of Papa Obama