Almost $18.5 Trillion in debt.

[edthecynic]

Thank you St Ronnie and the GOP for turning this country from a creditor nation to a debtor nation.

'I don't worry about the deficit. It's big enough to take care of itself.'
Ronald Reagan

"Reagan proved deficits don't matter."
Dick Cheney

Are you literate?

Can you tell the dif between debt and def?

Yeah, each Reagan/GOP deficit increased the GOP/Reagan National Debt. The two are joined at the hip.

 

[edthecynic]

US Wars in Afghanistan, Iraq to Cost $6 trillion
Economic Costs | Costs of War

The Iraq and Afghanistan wars did not cost $6 trillion that's possibly the dumbest thing I have read in 5 years.

If you knew how to read English, it says TO cost $6 trillion, that means the long term recurring medical costs involved in caring for the tens of thousands of wounded veterans will add up to $6 trillion over their lifetimes.

 

[CowboyTed]

Thank you St Ronnie and the GOP for turning this country from a creditor nation to a debtor nation.

'I don't worry about the deficit. It's big enough to take care of itself.'
Ronald Reagan

"Reagan proved deficits don't matter."
Dick Cheney

Socialist programs like SS and Medicare makes all other spending look like a drop in the ocean, that is what has destroyed this country...

Workers paid into SS and Medicare all their working lives, and now the GOP wants to rip workers off so the GOP can give the lazy wealthy more tax breaks.

Those socialist programs are fiscally insolvent and never will be...

Would you end the socialist programs Social Security and Medicare?
.

To end the socialist programs would place US among thrid world countries like South Africa.

It would make it very like South Africa, Heavilly Armed and desperate...

 

[SwimExpert]

Workers paid into SS and Medicare all their working lives

No, workers were taxed all their lives. You don't "pay in" to SS and Medicare. A 401K is something you pay-in to. Your own money goes in when you're working, your own money comes out when you're retired. How much money comes out is up to you. How much money is available to come out is finite and based on how much money you put in, and how much of an ROI you managed off your investment.

That's not what happens with SS or Medicare. Your money goes in now, and it comes out a week later for someone who is retired already. Later on, someone else's money goes in, and at comes out to pay you. How much money is paid to you is determined by statute. The amount of money that is available is (theoretically) infinite, limited by nothing more than the government's ability to continue to tax other people to pay for your check.

 

[SwimExpert]

To end the socialist programs would place US among thrid world countries like South Africa.

It would make it very like South Africa, Heavilly Armed and desperate...

Except that South Africa is not a third world country. I know, it has "Africa" in its name, so you assume it's "third world" and poor. You really need to work on that racism problem of yours.

 

[Mac1958]

US Wars in Afghanistan, Iraq to Cost $6 trillion
Economic Costs | Costs of War

Why are we even involved in other countries?

oh yea

Leftist forced us out of isolation with WW1

learn some history

So that forced Bush into Iraq & Afghanistan?

Really?
.

 

[Mac1958]

US Wars in Afghanistan, Iraq to Cost $6 trillion
Economic Costs | Costs of War

The Iraq and Afghanistan wars did not cost $6 trillion that's possibly the dumbest thing I have read in 5 years.

What number would you use, and what would be your source?
.

 

[SwimExpert]

The Iraq and Afghanistan wars did not cost $6 trillion that's possibly the dumbest thing I have read in 5 years.

The report states: “The Iraq and Afghanistan conflicts, taken together, will be the most expensive wars in US history—totaling somewhere between $4 trillion and $6 trillion. This includes long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs. The largest portion of that bill is yet to be paid.”

US Wars in Afghanistan, Iraq to Cost $6 trillion

 

[edthecynic]

Workers paid into SS and Medicare all their working lives

No, workers were taxed all their lives. You don't "pay in" to SS and Medicare. A 401K is something you pay-in to. Your own money goes in when you're working, your own money comes out when you're retired. How much money comes out is up to you. How much money is available to come out is finite and based on how much money you put in, and how much of an ROI you managed off your investment.

That's not what happens with SS or Medicare. Your money goes in now, and it comes out a week later for someone who is retired already. Later on, someone else's money goes in, and at comes out to pay you. How much money is paid to you is determined by statute. The amount of money that is available is (theoretically) infinite, limited by nothing more than the government's ability to continue to tax other people to pay for your check.

The fact remains there has been ~$3 trillion more collected in taxes from Boomers than has been paid out in SS benefits.

 

[SwimExpert]

The fact remains there has been ~$3 trillion more collected in taxes from Boomers than has been paid out in SS benefits.

More taxes will always be collected than will be paid out. Because there are administrative costs that have to be paid for. There are people who collect SS who never pay into it. So on, and so forth.

With SS, the government intends for you to lose money. Getting rid of SS, people can invest their money in their own retirement funds and gain money.

 

[Mac1958]

And the borrowed trillions spent in Iraq & Afghanistan pale in comparison to the loss of lives, limbs and minds of thousands and thousands of brave young American soldiers and the permanent anguish felt by their families.

All this for an emboldened/empowered Iran & Russia and a Middle East in flames.

I would brag that I predicted this as I opposed the wars, but I have to admit this is even worse than I was expecting.

Make it "only" THREE trillion then, and factor that in to our debt.
.

 

[Campbell]

I remember being pissed when it hit $100 billion.

Ya know how we try to explain to leftist that this much debt is bad and they don't seem to understand?

And you know how bent outta shape offended they get when they see this image;

I used to think is was b/c a heartless person was making fun of a retarded child.

But then it dawned on me.

They are made b/c they are jealous of the kid making it to potato when they can't.


How do you explain economics to someone that can't count to potato?
You can't

and that explains all their replies to our pleas to not spend more money, not enlarge the government, not pass more useless and redundant laws.

Look at this
U.S. National Debt Clock : Real Time

The debt increases by $10k every second, every single second of everyday. That's $860 million a day.

And the top candidates for the dnc will gleefully increase it. They are getting cheered for their plans to increase the debt.


but potatoes are racist, brown on the outside and white on the inside, so I guess that makes it ok.

$100 Billion????

Are you sure you know what you're talking about?

The Republicans never have seen a tax cut for corporations and the rich they didn't like but never have quit spending for their pet projects and war machine:

These figures came from the bureau of the debt....they're easily verified:


..............................Total U S Debt.............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

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(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

 

[edthecynic]

The fact remains there has been ~$3 trillion more collected in taxes from Boomers than has been paid out in SS benefits.

More taxes will always be collected than will be paid out. Because there are administrative costs that have to be paid for. There are people who collect SS who never pay into it. So on, and so forth.

With SS, the government intends for you to lose money. Getting rid of SS, people can invest their money in their own retirement funds and gain money.

But most wage earners live from paycheck to paycheck, and then on their credit cards and don't have money to invest.

 

[bedowin62]

I remember being pissed when it hit $100 billion.

Ya know how we try to explain to leftist that this much debt is bad and they don't seem to understand?

And you know how bent outta shape offended they get when they see this image;

I used to think is was b/c a heartless person was making fun of a retarded child.

But then it dawned on me.

They are made b/c they are jealous of the kid making it to potato when they can't.


How do you explain economics to someone that can't count to potato?
You can't

and that explains all their replies to our pleas to not spend more money, not enlarge the government, not pass more useless and redundant laws.

Look at this
U.S. National Debt Clock : Real Time

The debt increases by $10k every second, every single second of everyday. That's $860 million a day.

And the top candidates for the dnc will gleefully increase it. They are getting cheered for their plans to increase the debt.


but potatoes are racist, brown on the outside and white on the inside, so I guess that makes it ok.

$100 Billion????

Are you sure you know what you're talking about?

View attachment 29136

View attachment 29137

The Republicans never have seen a tax cut for corporations and the rich they didn't like but never have quit spending for their pet projects and war machine:

These figures came from the bureau of the debt....they're easily verified:


..............................Total U S Debt.............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

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(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

why does this moron think quantity is quality?

oh that's right; it's because he's a left-wing loser that lies to HIMSELF

 

[bedowin62]

LEFT-WING NUTJOBS CANT STOP WHINING about the dead White Democrat-turned great Republican President

what year is it?
heck what CENTURY IS IT/?

 

[bedowin62]

Reagan' - s 3-Year, 25% Cut in Tax Rate Voted by Wide ...
www.nytimes.com/1981/07/30/.../30REAG.html

• Similar

The New York Times
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Jul 30, 1981 - There, 37 Democrats voted with 52 Republicans for the bill. ... A strong bipartisan coalition in the Congress - Republicans and Democrats together - has ... The legislation will reduce capital gains taxes by virtue of the cuts in ...






B-B-B-B-B-B-B-B-B-B-B-B-BUT I HAVE A CHART BLAMING EVERYTHING ON REAGAN!!

IT'S HALF A PAGE LONG; DONT TELL ME I WAS LIED TO, THAT I'M AN IDIOT LEFT-WING LOSER!!!

 

[bedowin62]

Reagan's Deal With Democrats for Tax Increases Paired ...
www.thedailybeast.com/.../reagan-s-deal-with-democrats-...

• Cached
• Similar

The Daily Beast
Loading...
Dec 5, 2012 - The Democrats got the taxes, they say, but Reagan never got the cuts. ... seats gave Reagan working control of the House and voted for the cuts. ... “Of the spending cuts Congress allegedly owed, $100 billion consisted of

AS YOU CAN SEE Reagan made deals with his DEMOCRAT CONGRES for both tax cuts and tax increases.

but to listen to the endless crybaby whines of left-wing losers all over these message boards you would think Reagan was some kind of king that had no congress to work with

liberals are pathetic losers who never want to talk about their role in anything. the inescapable message they send is that they are inept and weak, and dumber than the people they THINK they are smarter than.

 

[Rexx Taylor]

and remember when we used to measure this in dollar bills that reached pluto, now we have to measure the debt in 100 dollar bills stretched out into space.

 

[Two Thumbs]

We lost our AAA credit rating b/c obama ramped up the debt.

We lost our AAA rating because the GOP House would not accept a combination of spending cuts and tax increases to deal with the debt ceiling increase which the GOP was blocking. The rating service reported that the Obama plan would have kept the AAA rating. As is so typical of the Right, The GOP causes the downgrade and then they blame Obama.

This is the reason S&P gave for the downgrade:

"The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."

What part of Obama spent way more than he could tax us for is to much for you to grasp?

He never had a single plan, not one idea to cut spending.

increase taxes? yes, he wanted to fuck the country as hard as possible.

You're leftist lack of understanding money comes from your inability to count to potato.

but wtf, I'll explain it, again.


If a company makes 1 mil and get taxed at 40%, they have 600k to work with.
if they get taxes at 20%, they have 800k to work with, that' 200k more
with that money, they could;
bank it, which is unlikely since a company needs to grow or get replaced (it's the leftist screech, I know, but recall, you're an idiot and can't count to potato)
hire more people, that can pay taxes, that will buy stuff that they will have to pay taxes on, which will increase demand for products and services that will force other companies to hire more people to meet this demand which means more people will be paying taxes.


At this point, I'd ask if you understand, but I already know you don't, so onto more of the list.

they can put money into R & D, which means they have to hire people, and you don't know what that means, but it's a good thing
they can expand, which means more employees paying more taxes.


But potato is racist so this won't work. So tax the fuck outta Americans and make us another socialist shithole, it's what you really want anyway

 

[edthecynic]

Reagan's Deal With Democrats for Tax Increases Paired ...
www.thedailybeast.com/.../reagan-s-deal-with-democrats-...

• Cached
• Similar

The Daily Beast
Loading...
Dec 5, 2012 - The Democrats got the taxes, they say, but Reagan never got the cuts. ... seats gave Reagan working control of the House and voted for the cuts. ... “Of the spending cuts Congress allegedly owed, $100 billion consisted of

AS YOU CAN SEE Reagan made deals with his DEMOCRAT CONGRES for both tax cuts and tax increases.

but to listen to the endless crybaby whines of left-wing losers all over these message boards you would think Reagan was some kind of king that had no congress to work with

liberals are pathetic losers who never want to talk about their role in anything. the inescapable message they send is that they are inept and weak, and dumber than the people they THINK they are smarter than.

Just more lies, Reagan nixed the deal because the spending cuts included cuts to his pork barrel Star Wars crony boondoggle.