Alan Simpson Calls GOP Refusal To Raise Revenue ‘Absolute Bullshit’

If your total debt increased by $1000 but your total assets increased by $100,000, did you have a good year or a bad year?
Good and bad are meaningless relative terms, but what can be concluded from the numbers you gave is your expenses were $101,000.

Damn you're dense.
Debt increased by $1000 and assets increased by $100,000 means your networth increased by $99,000.
It doesn't say anything about your income or expenses.
You really shouldn't comment on anything involving math.
It's obvious you know less than even Obama.
You can play all the word games you want, net worth has nothing to do with the federal budget.

The fact remains the total debt rose in 2007 by 500 billion so therefore there was 340 billion in supplemental deficit spending in addition to the 160 billion admitted deficit spending.
Take your word games and shove them where the sun doesn't shine! :asshole:
 
Good and bad are meaningless relative terms, but what can be concluded from the numbers you gave is your expenses were $101,000.

Damn you're dense.
Debt increased by $1000 and assets increased by $100,000 means your networth increased by $99,000.
It doesn't say anything about your income or expenses.
You really shouldn't comment on anything involving math.
It's obvious you know less than even Obama.
You can play all the word games you want, net worth has nothing to do with the federal budget.

The fact remains the total debt rose in 2007 by 500 billion so therefore there was 340 billion in supplemental deficit spending in addition to the 160 billion admitted deficit spending.
Take your word games and shove them where the sun doesn't shine! :asshole:

Here's a link for you......

Social Security Trust Fund operations by calendar quarter

It shows the Social Security Trust funds.
You should look at the increase in assets in 2007.
Let me know if you're still confused about what asset means.
Sorry if my words are bigger than what you're used to, lol!
 
Damn you're dense.
Debt increased by $1000 and assets increased by $100,000 means your networth increased by $99,000.
It doesn't say anything about your income or expenses.
You really shouldn't comment on anything involving math.
It's obvious you know less than even Obama.
You can play all the word games you want, net worth has nothing to do with the federal budget.

The fact remains the total debt rose in 2007 by 500 billion so therefore there was 340 billion in supplemental deficit spending in addition to the 160 billion admitted deficit spending.
Take your word games and shove them where the sun doesn't shine! :asshole:

Here's a link for you......

Social Security Trust Fund operations by calendar quarter

It shows the Social Security Trust funds.
You should look at the increase in assets in 2007.
Let me know if you're still confused about what asset means.
Sorry if my words are bigger than what you're used to, lol!
The fact remains 500 billion was borrowed to cover the deficit spending in 2007.
Kiss my ass.
 
You can play all the word games you want, net worth has nothing to do with the federal budget.

The fact remains the total debt rose in 2007 by 500 billion so therefore there was 340 billion in supplemental deficit spending in addition to the 160 billion admitted deficit spending.
Take your word games and shove them where the sun doesn't shine! :asshole:

Here's a link for you......

Social Security Trust Fund operations by calendar quarter

It shows the Social Security Trust funds.
You should look at the increase in assets in 2007.
Let me know if you're still confused about what asset means.
Sorry if my words are bigger than what you're used to, lol!
The fact remains 500 billion was borrowed to cover the deficit spending in 2007.
Kiss my ass.

The fact is the Trust Funds increased in 2007.
And no thanks, clown.
 
Here's a link for you......

Social Security Trust Fund operations by calendar quarter

It shows the Social Security Trust funds.
You should look at the increase in assets in 2007.
Let me know if you're still confused about what asset means.
Sorry if my words are bigger than what you're used to, lol!
The fact remains 500 billion was borrowed to cover the deficit spending in 2007.
Kiss my ass.

The fact is the Trust Funds increased in 2007.
And no thanks, clown.
Well then, why don't you apply that SS trust fund "increase" to the national debt and tell me how much the national debt goes down! :asshole:

Oh that's right, the debt goes down $0000.00 because you would have to borrow money to put into the SS trust fund to take out and apply to the debt.

So we are back to the undeniable fact that 500 billion had to be borrowed to cover the 2007 deficit spending.
 
The fact remains 500 billion was borrowed to cover the deficit spending in 2007.
Kiss my ass.

The fact is the Trust Funds increased in 2007.
And no thanks, clown.
Well then, why don't you apply that SS trust fund "increase" to the national debt and tell me how much the national debt goes down! :asshole:

Oh that's right, the debt goes down $0000.00 because you would have to borrow money to put into the SS trust fund to take out and apply to the debt.

So we are back to the undeniable fact that 500 billion had to be borrowed to cover the 2007 deficit spending.

The National Debt would go down to $9,750,503,934,099.81, glad I could help.
 
The fact is the Trust Funds increased in 2007.
And no thanks, clown.
Well then, why don't you apply that SS trust fund "increase" to the national debt and tell me how much the national debt goes down! :asshole:

Oh that's right, the debt goes down $0000.00 because you would have to borrow money to put into the SS trust fund to take out and apply to the debt.

So we are back to the undeniable fact that 500 billion had to be borrowed to cover the 2007 deficit spending.

The National Debt would go down to $9,750,503,934,099.81, glad I could help.
Bullshit! :asshole:
 
Well then, why don't you apply that SS trust fund "increase" to the national debt and tell me how much the national debt goes down! :asshole:

Oh that's right, the debt goes down $0000.00 because you would have to borrow money to put into the SS trust fund to take out and apply to the debt.

So we are back to the undeniable fact that 500 billion had to be borrowed to cover the 2007 deficit spending.

The National Debt would go down to $9,750,503,934,099.81, glad I could help.
Bullshit! :asshole:

Math is hard. Harder if you're Ed.
 
Bullshit! :asshole:

Math is hard. Harder if you're Ed.
Only an :asshole: could be stupid enough to believe you could cancel out one debt with another debt. So when you max out your Mastercard, just max out your Visa and pay your Mastercard with your maxed out Visa. :cuckoo:
What an :asshole:

Only an idiot can't figure out that when you grab a few hundred billion from Social Security, that reduces the amount of money you have to borrow.

I could repeat the example with the $5s in my pocket, but you're too dim to understand a simple example.
 
Math is hard. Harder if you're Ed.
Only an :asshole: could be stupid enough to believe you could cancel out one debt with another debt. So when you max out your Mastercard, just max out your Visa and pay your Mastercard with your maxed out Visa. :cuckoo:
What an :asshole:

Only an idiot can't figure out that when you grab a few hundred billion from Social Security, that reduces the amount of money you have to borrow.

I could repeat the example with the $5s in my pocket, but you're too dim to understand a simple example.
And when you "grab" you are actually BORROWING money from SS. So you are saying that borrowing money reduces the amount of money you have to borrow. BRILLIANT! :cuckoo:
:asshole:
 
Fmr. GOP Sen. Alan Simpson Calls Republican Refusal To Raise Revenue ‘Absolute Bullshit’

110630_POL_simpsonTN.jpg


Former GOP Sen. Alan Simpson blasted his intransigent GOP colleagues on the Hill today for failing to reach a deal on the deficit. The blunt-talking co-chairman of President Obama’s bipartisan fiscal reform commission slammed Republicans for kowtowing to Americans for Tax Reform head Grover Norquist (“Republicans can’t be in thrall to him”) and pushed Treasury Secretary Tim Geithner to stand fast on the August 2 deadline.

Surveying the lay of the current fiscal land, Simpson said, “We’re at 15 percent revenue, and historically it’s been closer to 20 percent.”

He added, “We’ve never had a war without a tax, and now we’ve got two. … Absolute bullshit.”

More

Let these snot nosed bastards default.

"I aint ya mule"

I don't work for your socialist asses....
 
Math is hard. Harder if you're Ed.
Only an :asshole: could be stupid enough to believe you could cancel out one debt with another debt. So when you max out your Mastercard, just max out your Visa and pay your Mastercard with your maxed out Visa. :cuckoo:
What an :asshole:

Only an idiot can't figure out that when you grab a few hundred billion from Social Security, that reduces the amount of money you have to borrow.
I could repeat the example with the $5s in my pocket, but you're too dim to understand a simple example.

It worked for W. That is how he payed for his war in Iraq, you know? Wait, maybe he didn't pay for it...
 
Bullshit! :asshole:

Math is hard. Harder if you're Ed.
Only an :asshole: could be stupid enough to believe you could cancel out one debt with another debt. So when you max out your Mastercard, just max out your Visa and pay your Mastercard with your maxed out Visa. :cuckoo:
What an :asshole:

Apparently you're not familiar with the democrat mind.

They apparently believe you're wrong and they will attempt to prove their delusions are correct at the expense of all of us...


Its ok once they destroy us they will ironically blame it on greed while they drive around in cars that are worth more than their homes while they're collecting their welfare checks.
 
Only an could be stupid enough to believe you could cancel out one debt with another debt. So when you max out your Mastercard, just max out your Visa and pay your Mastercard with your maxed out Visa. :cuckoo:
What an

Only an idiot can't figure out that when you grab a few hundred billion from Social Security, that reduces the amount of money you have to borrow.

I could repeat the example with the $5s in my pocket, but you're too dim to understand a simple example.
And when you "grab" you are actually BORROWING money from SS. So you are saying that borrowing money reduces the amount of money you have to borrow. BRILLIANT! :cuckoo:
When they spend the money in the "Trust Fund" that in no way changes the amount owed to the recipients.
Would things be better if they put $340 billion in cash in the "Trust Funds" and sold $500 billion in bonds to the public instead of putting no cash in the "Trust Funds" and only selling $160 billion in bonds to the public? Why?
 
Only an idiot can't figure out that when you grab a few hundred billion from Social Security, that reduces the amount of money you have to borrow.

I could repeat the example with the $5s in my pocket, but you're too dim to understand a simple example.
And when you "grab" you are actually BORROWING money from SS. So you are saying that borrowing money reduces the amount of money you have to borrow. BRILLIANT! :cuckoo:
When they spend the money in the "Trust Fund" that in no way changes the amount owed to the recipients.
Would things be better if they put $340 billion in cash in the "Trust Funds" and sold $500 billion in bonds to the public instead of putting no cash in the "Trust Funds" and only selling $160 billion in bonds to the public? Why?

How do you pay interest on interest?

What the fuck is the point in buying a bond?

A man buys a bond because he wants an investment on his return - well if the government ups his taxes and his interest rate on his bonds decrease, what incentive does that man have to keep his bonds??

You may as well tell the guy all your interest in bonds has been wiped out because we need to pay for teachers pay hike or pension plan.

I don't see any point here.

You're right about one thing - when you buy a bond you will get your money, however that matured interest comes from somewhere (your pocket) in a stagnant economy such as this..
 
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I think Obama should stick to his guns. When we default and when interest rates reached 18%, then maybe the 88% of FOX news viewers who think we can default will wake up. What a bunch of losers...
 
I think Obama should stick to his guns. When we default and when interest rates reached 18%, then maybe the 88% of FOX news viewers who think we can default will wake up. What a bunch of losers...

President Obama can't wrap his little pin head around the notion that those nasty Republicans dare to disagree with him.

So, he's flummoxed.

With ANY luck at all, the dope will cave in.

When (and if) he does cave in and the debt "ceiling" does not get raised, you stupid ignorant partisan hack lib drones will finally come to see that there need not be any default as a consequence.

Just because a fundamentally dishonest guy like President Obama has SAID that a refusal to raise the debt ceiling "will" result in a default doesn't mean it's true. And it's not.

The liberal Democratics will lose a baseless talking point and have their lie exposed. Not to worry. The lap dog media will dutifully report the next lie from the Administration, just the same.
 
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I think Obama should stick to his guns. When we default and when interest rates reached 18%, then maybe the 88% of FOX news viewers who think we can default will wake up. What a bunch of losers...

President Obama can't wrap his little pin head around the notion that those nasty Republicans dare to disagree with him.

So, he's flummoxed.

With ANY luck at all, the dope will cave in.

When (and if) he does cave in and the debt "ceiling" does not get raised, you stupid ignorant partisan hack lib drones will finally come to see that there need not be any default as a consequence.

Just because a fundamentally dishonest guy like President Obama has SAID that a refusla to raise the debt ceiling "will" result in a default doesn't mean it's true. And it's not.

The liberal Democratics will lose a baseless talking point and have their lie exposed. Not to worry. The lap dog media will dutifully report the next lie from the Administration, just the same.

Americans are paying the lowest percentage of taxes in history and the pinhead GOP wants to give more to the rich. Enjoy another recession after the default! Simpson is a respected Republican who has called your party's dogma crap.

The GOP will not be happy until all the poor are on the street and there is no longer a middle class.
 
I think Obama should stick to his guns. When we default and when interest rates reached 18%, then maybe the 88% of FOX news viewers who think we can default will wake up. What a bunch of losers...

President Obama can't wrap his little pin head around the notion that those nasty Republicans dare to disagree with him.

So, he's flummoxed.

With ANY luck at all, the dope will cave in.

When (and if) he does cave in and the debt "ceiling" does not get raised, you stupid ignorant partisan hack lib drones will finally come to see that there need not be any default as a consequence.

Just because a fundamentally dishonest guy like President Obama has SAID that a refusla to raise the debt ceiling "will" result in a default doesn't mean it's true. And it's not.

The liberal Democratics will lose a baseless talking point and have their lie exposed. Not to worry. The lap dog media will dutifully report the next lie from the Administration, just the same.

Americans are paying the lowest percentage of taxes in history and the pinhead GOP wants to give more to the rich. Enjoy another recession after the default! Simpson is a respected Republican who has called your party's dogma crap.

The GOP will not be happy until all the poor are on the street and there is no longer a middle class.

If, by "giving more to the rich," what you are trying to grunt out is that the "wealthy" might be permitted to keep more of their own money, then you could probably find a better way to express your class warfare rhetoric.

As it stands, you are far too transparent.
 

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