It’s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama’s - See more at: htt

[eagle1462010]

"For society as a whole, nothing comes as a 'right' to which we are 'entitled'. Even bare subsistence has to be produced.... The only way anyone can have a right to something that has to be produced is to force someone else to produce it... The more things are provided as rights, the less the recipients have to work and the more the providers have to carry the load." Thomas Sowell, quoted in Forbes and Reader's Digest.

U.S. Federal Budget, Deficits, the National Debt, Social Security ... NDACBOSS

 

[eagle1462010]

Breaking Tax and U. S. Budget News [Compiled by NDAC]

plenty of articles to choose from

Let's look at the Dead farmers issues

USDA Paid 'Improper' Subsidies to 1,799 Dead Farmers and Proper Ones to 28,613 Dead Farmers | CNS News

To prevent future subsidy payments to dead farmers, the GAO recommended that the Secretary of Agriculture implement procedures to match crop insurance records with the Social Security Administration’s master death file, ensure that all subsidy payments are “supported by documentation,” and review “each subsidy provided on behalf of a deceased individual to ensure that an improper subsidy was not made. - See more at: USDA Paid 'Improper' Subsidies to 1,799 Dead Farmers and Proper Ones to 28,613 Dead Farmers | CNS News

comment

Our great tax dollars at work...............

Congrats to all you dead farmers out there. Didn't think you'd get a check in the grave did ya..........

And we wonder why we are broke.

 

[eagle1462010]

http://www.breitbart.com/Big-Peace/2013/09/02/US-Aid-To-Syrian-Opposition-Tops-$1-Billion-Mark

A Billion to Syrian Rebels as Humanitarian aid................

As we close down our commissaries that serve our military one day a week because of sequestration.

 

[NYcarbineer]

This and the liberals are more worried about Global Warming.

It?s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama?s 1st Term | CNS News


Congressional Budget Office last week released updated historical budget data for the federal government, reporting a deficit of $1.087 trillion in fiscal 2012. 2012 marked the fourth straight year—and the only four years in the history of the nation--when the federal government’s deficit topped $1 trillion. - See more at: It?s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama?s 1st Term | CNS News

1.6 trillion of the spending of the last 4 years was interest on the debt.

right, and as the debt gets larger the interest payments get larger. you do realize that we are ONLY paying the interest on the debt, nothing on the principal, right?

Do you libs think this can go on forever? Every time congress increases the debt ceiling, the problem gets worse. Why do you dem/libs support increasing the debt ceiling?

Adjusted for inflation, federal government spending PEAKED in FY 2009 (note that FY 2009 includes 3 months of 2008)

and has been lower than that peak year ever since.

No Republican president since Eisenhower has numbers like that.

 

[NYcarbineer]

This and the liberals are more worried about Global Warming.

It?s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama?s 1st Term | CNS News


Congressional Budget Office last week released updated historical budget data for the federal government, reporting a deficit of $1.087 trillion in fiscal 2012. 2012 marked the fourth straight year—and the only four years in the history of the nation--when the federal government’s deficit topped $1 trillion. - See more at: It?s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama?s 1st Term | CNS News

1.6 trillion of the spending of the last 4 years was interest on the debt.

right, and as the debt gets larger the interest payments get larger. you do realize that we are ONLY paying the interest on the debt, nothing on the principal, right?

Do you libs think this can go on forever? Every time congress increases the debt ceiling, the problem gets worse. Why do you dem/libs support increasing the debt ceiling?

If you don't raise the debt ceiling, approximately 1/3 (at least) of all federal government spending has to stop.

Show us how you would make those cuts.

 

[eagle1462010]

Home: Federal Deficit Reduction Plan Comparison Tool

 

[eagle1462010]

Reduce the National Debt ? Pew Budget Challenge

Another tool to take the challenge...............

 

[Redfish]

1.6 trillion of the spending of the last 4 years was interest on the debt.

right, and as the debt gets larger the interest payments get larger. you do realize that we are ONLY paying the interest on the debt, nothing on the principal, right?

Do you libs think this can go on forever? Every time congress increases the debt ceiling, the problem gets worse. Why do you dem/libs support increasing the debt ceiling?

If you don't raise the debt ceiling, approximately 1/3 (at least) of all federal government spending has to stop.

Show us how you would make those cuts.

How about a 33% across the board cut to all government agencies? All of them, every fricken one.

What would you do if your household expenses exceeded your income by 33% ?

If you don't like that then lets do away with the: dept of energy, EPA, dept of education, NPR, cut congressional salaries and benefits by half, cut congressional staffs by half, eliminate farm subsidies, eliminate all energy subsidies, close all foreign bases unless the host country pays the entire bil, eliminate all foreign aid, repeal obamacare, make all able bodied people work for welfare and food stamps

 

[Redfish]

1.6 trillion of the spending of the last 4 years was interest on the debt.

right, and as the debt gets larger the interest payments get larger. you do realize that we are ONLY paying the interest on the debt, nothing on the principal, right?

Do you libs think this can go on forever? Every time congress increases the debt ceiling, the problem gets worse. Why do you dem/libs support increasing the debt ceiling?

Adjusted for inflation, federal government spending PEAKED in FY 2009 (note that FY 2009 includes 3 months of 2008)

and has been lower than that peak year ever since.

No Republican president since Eisenhower has numbers like that.

Games ^^^ in real dollars the govt has spent 1 trillion more than it has collected for each of obama's years. Do you libs think that can just continue forever?

Does the fact that a GOP admin did the same thing somehow justify continuing it?

"you screwed up, so its OK for me to screw up" is that the logic of liberals?

 

[Lovebears65]

And the Democrats never passed a single budget

Democrats are authorized to pass a budget?

How about those years when congress and the senate was controlled by Dems. What was their excuse then.. Oh they didnt have one other then they dont like doing their jobs

 

[eagle1462010]

Fraud and Abuse in Federal Programs | Downsizing the Federal Government

There are more than 1,800 federal subsidy programs.1

With such a huge array of handouts, the federal budget has become victim to large-scale fraud and abuse—that is, people taking government benefits to which they are not entitled. Just about every subsidy program suffers from fraud and abuse, and we illustrate the problems here with discussions of Medicare, Medicaid, housing programs, student aid, and farm subsidies. Losses to federal taxpayers from fraud, abuse, and other types of improper payments are in the ballpark of $100 billion a year or more.2

- See more at: Fraud and Abuse in Federal Programs | Downsizing the Federal Government

There's a place to start at a 100 Billion a year.
Now add in Foreign aid that we have to borrow to pay, and cut another 50 Billion a year.

150 Billion right there.

 

[eagle1462010]

GAO: Billions Wasted on Redundant Federal Programs | The Fiscal Times

Cut another 20 Billion here.

 

[eagle1462010]

More Farmers Paid Not To Farm Land | Wednesday Waste | Bankrupting America | Government spending and waste in Washington, DC are bankrupting America and increasing our national debt to nearly $17 trillion.

5 Billion a year to pay farmers not to farm.

 

[eagle1462010]

I'm up to 175 Billion a year in cuts.

Who's up next.......

 

[rightwinger]

The GOP controlled house has passed several budget bills, Reid has not let a single one come to the floor of the senate for debate or a vote-----------dems control the senate RW.

So yes, the dems are responsible for the US having no budget for the last 5 years.

The GOP House passes budgets without any Democratic input that contain poison pills making them dead in the water
Starting your budget with "Repeal Obamacare" is not a workable budget
Reid is under no obligation to consider a budget that is a waste of the Senates time

Bullshit. Thats why they have a conference committee, to work out the differences and come up with a bill that both sides agree on-------its been working that way since 1776.

Why hasn't Reid allowed a vote on any house passed budget? Was he afraid one might pass?

your argument has no merit. A huge senage vote against a house budget bill would be a victory for the dems and obama. But no, Reid has not allowed any votes, why?

Why should Reid waste the Senates time?
They have filibustering to do

 

[francoHFW]

REAGAN TRIPLING THE DEBT, Bush doubling it- no problem, but Obama 70 per cent more means Pubs have to paralyze the government and cut growth 1.5- 2 per cent in the middle of THEIR Great Recession- BRILLIANT

 

[Redfish]

REAGAN TRIPLING THE DEBT, Bush doubling it- no problem, but Obama 70 per cent more means Pubs have to paralyze the government and cut growth 1.5- 2 per cent in the middle of THEIR Great Recession- BRILLIANT

horseshit!

debt when obama took office 10 trillion

debt 5 years later 17 trillion

it took 43 presidents to get to 10 trillion, but only 5 years for obama to add 7 trillion.

probable debt when obama leaves office---------24 trillion.

who the fuck is going to pay that off? right now we are only paying the interest, nothing on the principal.

 

[Redfish]

The GOP House passes budgets without any Democratic input that contain poison pills making them dead in the water
Starting your budget with "Repeal Obamacare" is not a workable budget
Reid is under no obligation to consider a budget that is a waste of the Senates time

Bullshit. Thats why they have a conference committee, to work out the differences and come up with a bill that both sides agree on-------its been working that way since 1776.

Why hasn't Reid allowed a vote on any house passed budget? Was he afraid one might pass?

your argument has no merit. A huge senage vote against a house budget bill would be a victory for the dems and obama. But no, Reid has not allowed any votes, why?

Why should Reid waste the Senates time?
They have filibustering to do

translation = Reid and the senate dems are corrupt assholes, but I will continue to try to defend them because I am a dem/lib tool.

 

[rightwinger]

Bullshit. Thats why they have a conference committee, to work out the differences and come up with a bill that both sides agree on-------its been working that way since 1776.

Why hasn't Reid allowed a vote on any house passed budget? Was he afraid one might pass?

your argument has no merit. A huge senage vote against a house budget bill would be a victory for the dems and obama. But no, Reid has not allowed any votes, why?

Why should Reid waste the Senates time?
They have filibustering to do

translation = Reid and the senate dems are corrupt assholes, but I will continue to try to defend them because I am a dem/lib tool.

Reid acknowledges Republicans have a stranglehold on the Senate. No legislation is allowed to come to a vote anyway
Why should he waste Senate time discussing an unpassable GOP budget?

 

[skookerasbil]

The Keynesian model is gay. Never worked in the history of the world.