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Old 06-25-2014, 03:10 PM
 
7,846 posts, read 6,405,433 times
Reputation: 4025

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Quote:
Originally Posted by OICU812 View Post
By that one post, you've shown you are flat out ignorant about what the TEA party movement is all about.
It is about being angry about false scandals and misconceptions. It is about throwing arms up in continuous rage. It is about not offering any solutions to anything.

Quote:
Originally Posted by TrapperJohn View Post
There are no consequences for bad life decisions so learning from mistakes is no longer relevant. Stick a fork in your eye as much as you like. The taxpayers will pick up the ER bill.
Yup. But reforming health care to ensure everyone contributes is bad?
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Old 06-25-2014, 03:10 PM
 
4,571 posts, read 3,520,506 times
Reputation: 3261
Quote:
Originally Posted by lycos679 View Post
Our chief economist is pretty conservative in his estimates and even he thinks the Q1 was more of an anomaly than a trend, though his expectations are only 2--3% for Q2.
Oh. Well, thank God for your pretty conservative chief economist.
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Old 06-25-2014, 03:13 PM
 
7,846 posts, read 6,405,433 times
Reputation: 4025
Quote:
Originally Posted by Ed from California View Post
Oh. Well, thank God for your pretty conservative chief economist.
Rooting for the economy to fail are we?
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Old 06-25-2014, 03:19 PM
 
29,407 posts, read 22,005,733 times
Reputation: 5455
Quote:
Originally Posted by Opin_Yunated View Post
Rooting for the economy to fail are we?
Hopefully it fails and liberals are left to starve. Instead they will cry to the grand puba and hope he steals others money to pay for their failed ideology.
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Old 06-25-2014, 03:40 PM
 
Location: Fort Worth Texas
12,481 posts, read 10,222,878 times
Reputation: 2536
Quote:
Originally Posted by Opin_Yunated View Post


LOL!!!!!




What happened in 2007 and 2008?
Democrats took over congress
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Old 06-25-2014, 05:34 PM
 
29,939 posts, read 39,464,356 times
Reputation: 4799
"QE" has nothing to do with it.

Quote:
Reserve Bank credit - Week Ending June 18th:
$4,322,422,000,000
FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, June 19, 2014

That money is just sitting there waiting for the economy to actually start growing.

The Federal Government collected $325 billion more in revenue than it did in 2012. Since the government doesn't have a freaking clue what to do with it besides line its own pockets, buy votes and perpetuate itself and its growth that money is lost and you don't even get a nice little t-shirt.

The estimates for 2014 are $225 billion more than 2013.

And you still have problems on the immediate horizon.

Quote:
But if current laws do not change, the period of shrinking deficits will soon come to an end. Between 2015 and 2024, annual budget shortfalls are projected to rise substantially—from a low of $469 billion in 2015 to about $1 trillion from 2022 through 2024—mainly because of the aging population, rising health care costs, an expansion of federal subsidies for health insurance, and growing interest payments on federal debt. CBO expects that cumulative deficits during that decade will equal $7.6 trillion if current laws remain unchanged.
Updated Budget Projections: 2014 to 2024 - CBO

So, do you raise taxes even more so you don't bounce off of the rev limiter sucking even more money out of the economy?

And that wouldn't be so bad except for:

Quote:
Projected Social Security cost grows to 16.98 percent of taxable payroll by 2035...

The projected Medicare HI cost rate rises to 5.44 percent of taxable payroll in 2050...
Trustees Report Summary

Together the cost for those programs will increase 24% over the next 21 years.

Of course the US still need trillions upon trillions upon trillions to upgrade its electrical grid along with other much needed infrastructure. Guess what a horrible GDP growth does to all of those things?

That money is going to come out of the economy one way or another. If you don't pay for those things you lose. If you do pay for those things you lose.

Anyways, happy Wednesday!
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Old 06-25-2014, 05:52 PM
 
Location: Palo Alto
12,149 posts, read 8,418,303 times
Reputation: 4190
Quote:
Originally Posted by Opin_Yunated View Post
It is about being angry about false scandals and misconceptions. It is about throwing arms up in continuous rage. It is about not offering any solutions to anything.



Yup. But reforming health care to ensure everyone contributes is bad?
If we had actually reformed it so that everyone paid then you might have an argument.
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Old 06-25-2014, 05:56 PM
 
Location: Alaska
7,502 posts, read 5,752,205 times
Reputation: 4885
Quote:
Originally Posted by HappyTexan View Post
Could have been worse. The recalculation of the GDP last July gave us an automatic 3% boost.
Without that change we'd be looking at -5.9% GDP.

See..we're "less worse" because the value of that painting in the WH, all that pension money that isn't there yet, all those future movie royalties now contributes to the GDP.
Yup! We missed throwing in the kitchen sink and Obummer decoder ring. We are so screwed.
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Old 06-25-2014, 06:20 PM
 
Location: Northridge/Porter Ranch, Calif.
24,511 posts, read 33,312,803 times
Reputation: 7623
Quote:
Originally Posted by Opin_Yunated View Post


LOL!!!!!
No need to cry about the truth. The Bush tax cuts were across-the-board tax cuts. So were the Reagan and John F. Kennedy's tax cuts.

Quote:
What happened in 2007 and 2008?
As mentioned, Democrats took control of Congress.

Also, the mortgage meltdown, which the Bush administration asked the Democrats (mainly Barney Frank and Chis Dodd) to reform and were ignored.
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Old 06-25-2014, 09:16 PM
 
Location: Alaska
7,502 posts, read 5,752,205 times
Reputation: 4885
Ouch! From the liberal rag the HuffPo

The OvummerCare Mirage

LMAO
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