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Old 12-01-2012, 07:50 PM
 
Location: Long Island, NY
19,715 posts, read 11,527,925 times
Reputation: 5606

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Quote:
Originally Posted by BigJon3475 View Post
You people are freaking retarded. On one hand you claim the economy has recovered from the greatest downfall since the great depression and on the other you claim the social safety net is just not large enough.
Please quote where anyone said the economy has fully recovered. But facts are facts. While you righties claim that it's all Obama spending, the numbers show otherwise. Most of the gap that caused the deficit, of which $1.2 trillion was in Bush's last year, is due to reduced revenues and automatic spending on the safety net, which should be spent during an economic decline.
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Old 12-01-2012, 07:52 PM
 
Location: NC USA
3,384 posts, read 4,083,261 times
Reputation: 1794
Quote:
Originally Posted by MTAtech View Post
Recent deficits are caused mainly by a fall in revenue and a mostly automatic increase in spending on safety-net programs -- plus, the federal government had been providing aid to state and local governments, largely to limit layoffs of schoolteachers.

Now, what spending do you want to cut? Please remember that large cuts in government spending will drive the economy back into recession. This isn't complicated economics. This is ECO 101. Now, who is writing childish posts?
Let's see, we can start with entitlements. But you want specifics:

1. Government funded studies on monkeys
2. Government funded studies on robotic squirrels getting bit by rattlesnakes

I could type all night bu those are just a couple examples of the immensely wasteful programs that we have out there. Then again, I don't expect the left to listen to a proposal from Paul Ryan that would get this country back in order. Just make excuses, say we have a revenue issues, deny all facts, don't even listen to the President who has claimed that you don't raise taxes in a down economy. We could go on for a long time!!!
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Old 12-01-2012, 07:54 PM
 
1,167 posts, read 944,860 times
Reputation: 345
Quote:
Well, the idea that tax-cuts would solve the debt problem is economic illiteracy. Tax-cuts exacerbate the debt.
Its just amazing that people like you actually believe that washington bureaucrats will somehow spend you tax dollars wisely...

Did you ever see the comedy Back to School with Rodney Dangerfield...."if you believe that why don't you stick in Disneyland"
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Old 12-01-2012, 07:58 PM
 
Location: Long Island, NY
19,715 posts, read 11,527,925 times
Reputation: 5606
Quote:
Originally Posted by BigHouse9 View Post
Let's see, we can start with entitlements. But you want specifics:

1. Government funded studies on monkeys
2. Government funded studies on robotic squirrels getting bit by rattlesnakes
...
This seems like a good time to repeat, once again, the truth about federal spending: Your federal government is basically an insurance company with an army. The vast bulk of its spending goes to the big five: Social Security, Medicare, Medicaid, defense, and interest on the debt.

Recent deficits are caused mainly by a fall in revenue and a mostly automatic increase in spending on safety-net programs. Oh, and the federal government had been providing aid to state and local governments, largely to limit layoffs of schoolteachers.

The amounts spent on anything remotely resembling studies on monkeys or studies on robotic squirrels is a rounding error on a rounding error. It’s just not what your government does on any significant scale to make a difference on the deficit.

And if you want smaller government, either you’re talking about cuts in the big five, or you have no idea what you’re talking about -- which is obvious. Oh, and if you really want to make a dent in the deficit without decimating Social Security, Medicare, Medicaid or defense, you're talking about raising taxes.
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Old 12-01-2012, 08:56 PM
 
10,357 posts, read 7,953,411 times
Reputation: 4547
The U.S. per capita debt is around $27,000.

It ranks #35 in terms of levels of public debt as a % of GDP, lower than Canada, the United Kingdom, and Germany.


Rank Country Public debt (% of GDP)


1 Zimbabwe 220.1
2 Japan 211.7
3 Saint Kitts and Nevis 200
4 Greece 161.7
5 Lebanon 134
6 Iceland 128.3
7 Jamaica 125.5
8 Italy 120.1
9 Eritrea 118.5
10 Singapore 118.2
11 Portugal 112.8
12 Ireland 105.4
13 Belgium 99.7
14 Barbados 95.9
15 Sudan 93.7
16 Canada 87.4
17 United Kingdom 86.3

18 Belize 84.8
19 France 84.7
20 Sao Tome and Principe 84.7
21 Egypt 83.4
22 Sierra Leone 82.9
23 Germany 81.8
24 Hungary 80.6
25 Sri Lanka 79.4
26 Bhutan 78.9
27 Burundi 78.4
28 Dominica 78
29 Cape Verde 74.2
30 Austria 73.6
31 Israel 72.8
32 Nicaragua 70.5
33 Malta 70.4
34 Spain 68.1
35 United States 67.7
36 Cote d'Ivoire 65.3
37 Netherlands 65.2
38 Morocco 64
39 Guyana 62.1
40 Pakistan 60.1
41 Albania 59.7
42 Chad 58.8
43 Jordan 57.5
44 Norway 57.5
45 Mauritius 57.3
46 Vietnam 57.3
47 El Salvador 57.3
48 Poland 56.7
49 Brazil 54.2
50 Bahrain 54


http://m.theglobeandmail.com/report-...service=mobile


http://www.indexmundi.com/g/r.aspx?v=143
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Old 12-01-2012, 09:03 PM
NCN
 
Location: NC/SC Border Patrol
21,135 posts, read 21,831,524 times
Reputation: 23216
Quote:
Originally Posted by jeffpv View Post
Did the Debt just magically appear? Hasn't it been accumulating for quite some time?
I would like to know why that matters? Debt is debt. Whether it happened this month or over the last few years it is still owed and needs to be paid.

What I cannot understand is a president that is giving money to people that don't even belong in this country and borrowing the money from China to do it. Has he lost his mind??!!!!!!!!!!!

Then there is the matter of using a large amount of money to advertise to another country that we like them. We don't need to be borrowing to spend any money in any other country.

When you owe money and need to get it paid, you cut to the bare bones. You do not spend anything that does not have to be spent. You only buy things that your family needs and that does not include giving money to private companies, etc., etc., etc. And you don't have an irresponsible president taking unnecessary vacations on the taxpayers dollar.

And you don't send everybody in the country the same amount of money. Dumbest thing I had ever heard in my entire life. It is like a parent that is in debt so he goes out and borrows money to give each child money to waste. How is this supposed to curb the debt? Makes absolutely no sense.

Last edited by NCN; 12-01-2012 at 09:12 PM..
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Old 12-01-2012, 09:09 PM
 
10,357 posts, read 7,953,411 times
Reputation: 4547
Economists use a number of methods to calculate national debt.

If public debt is calculated as the government debt that is directly held by the public, the U.S. debt is $8.5-trillion - ignoring the trillions in debt that different branches of the government owe to other branches of the government.

Death by debt: Governments need a cure - fast - The Globe and Mail
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Old 12-01-2012, 09:33 PM
 
3,448 posts, read 2,671,594 times
Reputation: 478
the whole thing has become boring.

Reason: If Obama was even remotely normal...ok ? he would be interested in explaining his approach rather then going around like a turkey with no head trying to rave other headless turkeys for support....We know this.

Thats just how transparent Obama is.

Gov...is not moving through reason, it is out of order and very disordered, our present experience. Things that are out of order are boring because theres just nothing to relate with from a disposition of order. Plain and simple, most things are.
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Old 12-01-2012, 09:50 PM
 
21,044 posts, read 19,525,991 times
Reputation: 5930
Quote:
Originally Posted by Mr.XXX View Post
Either the left are complete morons or they're hoping to wipe out capitalism...

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 01 Dec 2012 at 11:28:19 PM GMT is:


The estimated population of the United States is 313,973,969
so each citizen's share of this debt is $52,014.08.

The National Debt has continued to increase an average of
$3.87 billion per day since September 28, 2007!
Concerned?

U.S. National Debt Clock
The National Debt is Approximately $52,000 Per Each Citizens Share


What a stupid scare tactic....I don't owe anyone a cent....


Concerned? Nope, not at my age....
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Old 12-01-2012, 09:51 PM
 
Location: Pluto's Home Town
9,995 posts, read 11,644,428 times
Reputation: 5579
Got it. Let's raise taxes then. The GOP tax cuts and wars have put us here. End the wars and return to Clinton Era tax rates. Cut some spending too. Voila. Debt will decline.
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