Thread: National Debt has increased more under Obama than under Bush

It's still Bushes fault...because...because...uhhh...Obama got a Noble Prize for not being Bush. That's why!

All part of the grand scheme of things, I believe.

Run the Nat. Debt so high, they have no other recourse but to start to cut some of these social programs.

Originally Posted by DOMS

It's still Bushes fault...because...because...uhhh...Obama got a Noble Prize for not being Bush. That's why!

Or maybe its the reverse black man situation?? Bush gets blamed cause he is white and Obama doesn't cause he is the first black Pres. Not meaning to pull the race card or anything... I'm just sayin what people are thinking!

Originally Posted by tallguy34

Or maybe its the reverse black man situation?? Bush gets blamed cause he is white and Obama doesn't cause he is the first black Pres. Not meaning to pull the race card or anything... I'm just sayin what people are thinking!

The race card has been pulled for Obama so many times, I think it's the only card in his deck.

Originally Posted by IronAddict

All part of the grand scheme of things, I believe.

Run the Nat. Debt so high, they have no other recourse but to start to cut some of these social programs.

that's been the plan of the neo-cons since the 70's. It's why Reagan's budget Chief David Stockman wrote in his 1st book that Reagan was proud of the budget deficit he left, said it was his "baby" hoped it would grow so large as to cause the end of the big 3.

the GOP loves corporate welfare but can't stand giving it to the individual.

Originally Posted by min0 lee

world economic history shows that the deficit of a country that suffers a financial collapse sees an increase in the deficit from 40-60% in the years preceding that event.

ideologues in the US don't believe in economic history I guess.

it's why the tax rate on top earners was increased so high after the Great Depression and in all country's after WWII to pay down those war debts. the US is the only country where the top rates were reduced to the levels seen in the US, it's one of the main reasons why inequality in the US is so much higher than the UK and other wealthy OECD country's.

Don't forget 49% of US population doesn't even pay taxes! In my estimation, these are the same people on WELFARE...voting for the politician that promises the most entitlements.
I know I paid 25% of my gross income last year... didn't you?“Once the people find they can vote themselves money, that will herald the end of the Republic.” – Benjamin Franklin

Originally Posted by Jimmyusa

Don't forget 49% of US population doesn't even pay taxes! In my estimation, these are the same people on WELFARE...voting for the politician that promises the most entitlements.
I know I paid 25% of my gross income last year... didn't you?“Once the people find they can vote themselves money, that will herald the end of the Republic.” – Benjamin Franklin

not even close there Jimmy that was only in the tax year after the recession started.

less than 1% of the US population receives direct cash transfers, all this stuff is on the ACF website and has been since 1996 or it's in the annual Poverty Report that the Census puts out.

but then again you were educated in Texas so this explains much...

LAM, if you could make a suggestion on what to do.. what would it be? (in regards to reducing the debt)

Originally Posted by LAM

that's been the plan of the neo-cons since the 70's. It's why Reagan's budget Chief David Stockman wrote in his 1st book that Reagan was proud of the budget deficit he left, said it was his "baby" hoped it would grow so large as to cause the end of the big 3.

the GOP loves corporate welfare but can't stand giving it to the individual.

Truer words have never been spoken...and Ronnie's dream is inches away from becomming a reality.

According to the nonpartisan Tax Policy Center in Washington, D.C., 46% of tax filers will owe no federal income tax this year. It doesn't matter, anyone can consistently find stats to confirm a specific agenda/belief... I will agree to disagree.

education? in Texas? we just rely on good ole fashioned gut feelings and oil money!

take care

Originally Posted by Jimmyusa

According to the nonpartisan Tax Policy Center in Washington, D.C., 46% of tax filers will owe no federal income tax this year. It doesn't matter, anyone can consistently find stats to confirm a specific agenda/belief... I will agree to disagree.

education? in Texas? we just rely on good ole fashioned gut feelings and oil money!

take care

CBO | Average Federal Taxes by Income Group

Wage Statistics for 2010

Inflation Calculator: Bureau of Labor Statistics

and when looking at wages you can see that 66% of the US made $40K a year or less in 2010 once adjusted for inflation to 1980 ($15k) that wage comes out to about $3K less than what the median wage was in 1980 which was close to $18-19k.



that surely couldn't have anything to do with the REAL problem of why so many don't pay federal income tax.

I know its convenient to blame EVERYTHING on the republican presidents from the last 30 years BUT nearly half the population pays no taxes and gets some form of welfare/entitlement/aid/medicaid, the list is so long I can't even capture it all considering it is not only federal assistance but from the state. The unemployeed asshole who hasn't worked in two years with 5 kids and knows how to work the system and drives a range rover sure as shit can pay taxes... oh wait he/she gets a refund and doesn't do shit to look for a job. It's called half of Houston where I reside, I pay for all this and so do you. If that does not piss you off, you have problems or are a left leaning liberal that doesn't see reality that swallows the MSNBC and TruTV rhetoric like the bible.

Originally Posted by oufinny

I know its convenient to blame EVERYTHING on the republican presidents from the last 30 years BUT nearly half the population pays no taxes and gets some form of welfare/entitlement/aid/medicaid, the list is so long I can't even capture it all considering it is not only federal assistance but from the state. The unemployeed asshole who hasn't worked in two years with 5 kids and knows how to work the system and drives a range rover sure as shit can pay taxes... oh wait he/she gets a refund and doesn't do shit to look for a job. It's called half of Houston where I reside, I pay for all this and so do you. If that does not piss you off, you have problems or are a left leaning liberal that doesn't see reality that swallows the MSNBC and TruTV rhetoric like the bible.

Ahhhh... finally! Where was this reaction over at IF?! Haha. I think AZ might have you beat on the welfare, if only by a little bro... I actually have a family 2 houses down and the guy admits to not even looking for a job cause he gets a boat load of money already.

Originally Posted by oufinny

I know its convenient to blame EVERYTHING on the republican presidents from the last 30 years BUT nearly half the population pays no taxes and gets some form of welfare/entitlement/aid/medicaid, the list is so long I can't even capture it all considering it is not only federal assistance but from the state. The unemployeed asshole who hasn't worked in two years with 5 kids and knows how to work the system and drives a range rover sure as shit can pay taxes... oh wait he/she gets a refund and doesn't do shit to look for a job. It's called half of Houston where I reside, I pay for all this and so do you. If that does not piss you off, you have problems or are a left leaning liberal that doesn't see reality that swallows the MSNBC and TruTV rhetoric like the bible.

if you ever bothered to crunch the numbers yourself vs listening to what the pundits on tv say you would see that 66% of US workers are making 1980's wages. spending via debt based consumption is great for businesses as they don't care where you get the money from, paying taxes is a whole different story...

so when it comes to "reality" and mathematics the left leaning liberal is correct...

and you pay a lot more for taxes to support those for profits prisons which are full of non-violent drug offenders then you do on welfare...the US is the only country in the world that locks addicts up, they get treatment in every other country in the OECD and industrialized world.