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In 2011 our total cost for two wars was $3.7trillion and rising, it will be much higher than that when you add in the cost for the troops now that they have returned home and their medical expenses.
But don't you mind that, the $3.7+trillion is no big deal is it.
Your party didnt seem to think so when they voted for it.
Federal revenues today are what average revenues were during the Bush administration.
And that is a problem and signals a stagnant economy. With a growing economy, tax receipts increase due to increased economic activity, people working who were not before, and people earning more money.
For example, average tax receipts increased from Clinton to Bush by 26%. Average tax receipts have increased by 0.15% during the Obama administration.
Essentially, you just declared that we have a tax receipt problem. Now you just have to accept it.
Quote:
Granted, we did have two wars (neither of which I agreed with), but Obama has gone on an unparalleled spending spree with has resulted in massive deficits far beyond those generated by Bush.
Are you purposely ignoring the data that I provided? Spending is not unparallelled under Obama. In fact, spending on goods and services has decreased. Total expenditures have barely increased since the stimulus bill was passed. In fact, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s. Obama spending binge never happened - MarketWatch
Since fiscal 2009, however, it cannot be denied that spending has increased only modestly. Total federal outlays actually went down 1.7 percent in fiscal 2010, for example, then rose a little more than 4 percent in the fiscal year that ended Sept. 30. Spending was projected by CBO to rise less than 1 percent in fiscal 2012. In fact, CBO reported on May 7 in its most recent monthly budget report that spending for the first seven months of the current fiscal year was 3.4 percent below the same period a year ago. That was mostly due to differences in timing of certain payments, but even adjusting for those, CBO figured spending is 0.8 percent lower so far this year. FactCheck.org : Obama’s Spending: ‘Inferno’ or Not?
I am not going to go through all your points, but I will address this one.
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5. Social security and medicare eligibility rates must be increased, as citizens are living much longer
Essentially, you want to attack old, poor people for a deficits that were primarily caused by the shadow banking industry crashing the global economy, the Bush tax cuts, and our warmongering.
This stance is beyond disgusting. It is unethical, immoral, and perverse.
Last edited by A Common Anomaly; 12-20-2012 at 09:07 PM..
Of course, I am placing 100% of the blame on war vets. Darn them for Spending 650,000,000 in 4 hours.
Do you even know what we spend money on in our country? Do you know what is causing our deficit and increase in debt? It is much easier to blame a generalized thing, but when it comes down to the details it is much harder to point fingers.
Do you even know what we spend money on in our country? Do you know what is causing our deficit and increase in debt? It is much easier to blame a generalized thing, but when it comes down to the details it is much harder to point fingers.
Status:
"everybody getting reported now.."
(set 21 days ago)
Location: Pine Grove,AL
29,549 posts, read 16,536,658 times
Reputation: 6032
Quote:
Originally Posted by VTHokieFan
Or we could take it to the left's extreme and just keep spending forever because of the circular "nothing bad can happen to America, because we're America and not Greece."
LOL @ "left extreme" , when Bush took office, debt was 5.3, when he left it was 10.7( and im not counting the bailouts which Bush had already signed off on).
Truth is, all president spend money, this isnt a "left" idea, its just an idea republicans are all of a sudden for when they are in office and against when they are not. stop fooling yourself man.
Status:
"everybody getting reported now.."
(set 21 days ago)
Location: Pine Grove,AL
29,549 posts, read 16,536,658 times
Reputation: 6032
Quote:
Originally Posted by hawkeye2009
1. 15% VAT
2. Constitutional balanced budget amendment
3. 20% across the board spending cuts
4. 10% of annual revenue to debt reduction
5. Raise Medicare/SS to age 70
6. Closure of non essential foreign military bases
the problem with your argument is that your #5 makes no sense. People seem to forget that You have to finish the equation.
taking the age up to 70 saves the government 5 billion, but cost the government 11.7 billion because those people not able to qualify for medicare will now be able to qualify for other programs. The only way moving the age back would save money is for you to also tell those older people that they are not allowed in all those other programs as well.
You are basically shifting cost, and shifting it to a more expensive place.
#6 seems like a smart option, i dont see why we need bases in Germany and U.K.
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