National debt.

[LAM]

This is such a complicated discussion not even the best economists can figure it out.

but it's not that complicated dozens of world ranked economists write reports on this very subject all the time, it's not that difficult to understand.

spending levels were on historical trends as the FED graph on spending clearly shows but revenues took a dump because of the tax cuts in 2001 and 2003. you can even see where Clinton was able to close the gap when he reduced spending AND increased REVENUES during the good times.

George Akerlof called it in 2003 and warned of the deficits that the Bush tax cuts were going to create THEN on top of that you add in the decreased revenues from job losses and income and corporations shifting profits after the economic downturn, this stuff isn't rocket science.

'Horrendous': Nobel economist George Akerlof criticizes Bush economic stimulus package

 

[HFO3]

I always ask these questions of people that are in favor of cutbacks.

Where would you cutback?
Would you be negative impacted by the cutbacks you want?

Is this your belief?

"government spending is 100% correctly done and there is absolutely 0% waste"

 

[exerciseordie]

Is this your belief?

"government spending is 100% correctly done and there is absolutely 0% waste"

There is far more waste than most people would expect. The thing I love about this administration is one of the first things they go after is the military. They cut and cut from the people that keep us safe. Every balanced budget offered by a republican has been declined because it was by a republican. Our whole system if fucked. They are proving it now! Republicans offered a plan to keep the things we need open during this shut down. Guess what happened, they were told to go fuck themselves. These people don't give 2 fucks about us. They just care about pushing their agendas and fattening their wallets. The few that do give a shit are ridiculed in the main stream media and their reputations tarnished so they don't slow down the others plans.

 

[LAM]

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits: Center on Budget and Policy Priorities


and from the US Treasury what does page 10 clearly show?

http://www.treasury.gov/resource-center/data-chart-center/Documents/20120229_EssentialEcon.PDF


so no the causes of the deficit are not a mystery and are not that difficult to figure out.

 

[exerciseordie]

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits: Center on Budget and Policy Priorities


and from the US Treasury what does page 10 clearly show?

http://www.treasury.gov/resource-center/data-chart-center/Documents/20120229_EssentialEcon.PDF


so no the causes of the deficit are not a mystery and are not that difficult to figure out.

We get it bro, you study economics and are smarter than everybody else here. You should honestly run for office man. Probably a Harvard grad, with an economics degree.

 

[troubador]

There is far more waste than most people would expect. The thing I love about this administration is one of the first things they go after is the military. They cut and cut from the people that keep us safe.

There's a massive amount of waste in the military. Also the military shouldn't be a socialistic jobs program. If the need for soldiers, equipment, contractors,etc decreases then so should military spending.

 

[Gibbz]

Fuck were still going back to Bush? I guess its like kindergarten well he pushed me first haha

 

[exerciseordie]

There's a massive amount of waste in the military. Also the military shouldn't be a socialistic jobs program. If the need for soldiers, equipment, contractors,etc decreases then so should military spending.

The need for newer equipment has only increased. We give our protectors equipment from the lowest bidder. We send them out there with guns that are less reliable and powerful than our enemies. Instead of the best body armor, we give them mediocrity. What world do you live in.

 

[Gibbz]

You know where I see a waist of my tax dollars? Foreign aid on a regular basis like child support, if a natural disaster happens we should help but not every fuckin month

 

[troubador]

and from the US Treasury what does page 10 clearly show?

Obama administration propaganda. For those who study world history and economics and don't get their info from the U.S. president this is a joke.

 

[troubador]

The need for newer equipment has only increased. We give our protectors equipment from the lowest bidder. We send them out there with guns that are less reliable and powerful than our enemies. Instead of the best body armor, we give them mediocrity. What world do you live in.

You're the type that thinks military spending should be infinite and any proposed cut is sacrilegious right?

 

[Gibbz]

Troubadour I will say this on that portion of the topic, cutting the budget that helps keep our citizens stay safe and provides better protection for the ones fighting for it is one of the last places we should look to cut from.

 

[Gibbz]

Being as from the sounds of it you are not in charge of dispersing the militaries budget and do not know what everything costs. I'd say your ill equipped to explain where in their budget we should cut from

 

[troubador]

Troubadour I will say this on that portion of the topic, cutting the budget that helps keep our citizens stay safe and provides better protection for the ones fighting for it is one of the last places we should look to cut from.

Bullshit, we have a really fucked up inefficiency problem if we have to spend that much to "keep our citizens safe".

 

[Gibbz]

You do realize during this time we were in two wars right? Lol

 

[troubador]

Being as from the sounds of it you are not in charge of dispersing the militaries budget and do not know what everything costs. I'd say your ill equipped to explain where in their budget we should cut from

Being as I'm not a socialist bureaucrat, I believe the costs have to be justified not so much the cut.

 

[Gibbz]

Amazingly enough that happens in wars, weird right?

 

[caedus]

Just a little food for thought. I'm sure this makes no sense to a certain few here (you know who you are)

http://m.motherjones.com/kevin-drum/2013/10/shutdown-debt-ceiling-explained

"May the force be with you all"

 

[LAM]

Obama administration propaganda. For those who study world history and economics and don't get their info from the U.S. president this is a joke.

right, so the legislation that was passed that create those tax cuts must be fictional! LMAO

typical right winger response, attack the source when confronted with empirical data that shuts down their argument in it's tracks.

 

[caedus]

right, so the legislation that was passed that create those tax cuts must be fictional! LMAO

typical right winger response, attack the source when confronted with empirical data that shuts down their argument in it's tracks.

Right= racist, selfish, ignorant morons

"May the force be with you all"

 

[Gibbz]

Haha cadeus I like that. My whole point is there are better places to cut from, e.g foreign aid paid every month like child support.

 

[LAM]

The Truth About Who's Responsible For Our Massive Budget Deficit - Business Insider

 

[caedus]

Haha cadeus I like that. My whole point is there are better places to cut from, e.g foreign aid paid every month like child support.

I agree with you, I am just astonished at the ignorance stupidity and immaturity of this post. This guy actually believes the president is the only one to blame for these problems you showing this but he is a moron but putting that picture up there, instead he should stop listening to Sean Hannity and Rush Limbaugh start learning from the left. Lol

"May the force be with you all"

 

[caedus]

The Truth About Who's Responsible For Our Massive Budget Deficit - Business Insider

Repeat http://m.motherjones.com/kevin-drum/2013/10/shutdown-debt-ceiling-explained

"May the force be with you all"

 

[Gibbz]

Just sayin I found 38 billion dollars a year we can save, 25 billion in foreign aid, the other 18 billion in foreign military aid

 

[caedus]

Just sayin I found 38 billion dollars a year we can save, 25 billion in foreign aid, the other 18 billion in foreign military aid

Good points

"May the force be with you all"

 

[Gibbz]

For the record I am not a member of the left wing, When you take republican, democrat, liberal, out of the equation you can usually fins a good balance. Just sayin

 

[caedus]

There is far more waste than most people would expect. The thing I love about this administration is one of the first things they go after is the military. They cut and cut from the people that keep us safe. Every balanced budget offered by a republican has been declined because it was by a republican. Our whole system if fucked. They are proving it now! Republicans offered a plan to keep the things we need open during this shut down. Guess what happened, they were told to go fuck themselves. These people don't give 2 fucks about us. They just care about pushing their agendas and fattening their wallets. The few that do give a shit are ridiculed in the main stream media and their reputations tarnished so they don't slow down the others plans.

They were told to fuck off because they're behaving like terrorist s holding our government hostage over a LAW that has already been past. There is no OBAMACARE, only THE AFFORDABLE CARE ACT. http://m.motherjones.com/kevin-drum/2013/10/shutdown-debt-ceiling-explained OR GO TO WWW moveon.org the Republicans did this and to blame it on the Democrats is ignorance...no offense bro, but please learn some FACTS...

"May the force be with you all"

 

[troubador]

You do realize during this time we were in two wars right? Lol

And not only was spending outrageous during that time but has continued.

Adjusting for inflation, the level of funding proposed for the base defense budget in the FY 2012 request is the highest level since World War II,
Read more: The 2012 Defense Budget Is The Highest Since World War II - Business Insider

For 2012

 

[caedus]

http://www.huffingtonpost.com/2013/...hutdown_n_4020581.html?utm_hp_ref=email_share

"May the force be with you all"