Thread: House passes GOP debt measure; Obama praises compromise plan

Originally Posted by irish_2003

3.7 trillion over 10 years is still only a drop in the bucket....the national debt clock shows a deficit of over 21 trillion total by 2021....so this only brings the deficit back down to 17 trillion......it's not enough

Do you think they are really looking to make significant cuts? I thought Coburn's plan was pretty good, but peeps had a shit-fit that it went too far.

Originally Posted by Dale Mabry

Do you think they are really looking to make significant cuts? I thought Coburn's plan was pretty good, but peeps had a shit-fit that it went too far.

honestly i wanted it all paid back, but why when the aliens are coming back 12/21/12 and the world is going to end....why pay any bills? money will have no value in another year and only sex will be of value to barter with

Originally Posted by Dale Mabry

Do you think they are really looking to make significant cuts? I thought Coburn's plan was pretty good, but peeps had a shit-fit that it went too far.

Yes his is a good plan. So is that of the gang of six as it includes massive tax reform.

Originally Posted by irish_2003

3.7 trillion over 10 years is still only a drop in the bucket....the national debt clock shows a deficit of over 21 trillion total by 2021....so this only brings the deficit back down to 17 trillion......it's not enough

Considering that a decent portion of the deficit came from borrowing money to fund supply-side tax cuts there is no logical reason why the working class should have to pay for it all, seeing as they didn't gain from it. the multinationals also benefit substantially from from the wars in the middle east, so technically they "should" have to pay for the majority but in our reality that would never happen. taxes need to be raised on capital for a variety of reasons and this is just one of them.

Originally Posted by Curt James

That's Grace Hopper right there!

Yep. If you're going to borrow from someone, it might as well be from a genius.

Looks like Norquist is giving them an out...

An end to Bush-era tax cuts near? - CNN.com

This should allow them to get down to business. I can't believe they folded, though. They probably already have a deal and are just orchestrating some theatrics for the tea party knuckleheads.

Originally Posted by Dale Mabry

Looks like Norquist is giving them an out...

An end to Bush-era tax cuts near? - CNN.com

This should allow them to get down to business. I can't believe they folded, though. They probably already have a deal and are just orchestrating some theatrics for the tea party knuckleheads.

WTF? using common sense and data to make a logical decision....this is a first

Originally Posted by LAM

WTF? using common sense and data to make a logical decision....this is a first

I'm wondering how allowing someone's taxes to go from 30% to 33% isn't technically a tax increase. Actually, that specifically is a tax increase.

Originally Posted by LAM

WTF? using common sense and data to make a logical decision....this is a first

Downright Un-American.

Originally Posted by Dale Mabry

I'm wondering how allowing someone's taxes to go from 30% to 33% isn't technically a tax increase. Actually, that specifically is a tax increase.

technically yes but when compared to historical rates it's not. the pussy as dems never should have allowed capital to get a tax break every time labor did. those fuckers are spineless!

Govt spent $19,700 per person last year. Each person's share of the national debt (every man woman and child), its $49,695. So a family of 3 would be about $150k.

Its out of control, has been for a long time.

Government Spending Details: Federal State Local 1792-2016 - Charts