Proud2baLaker
Master of Science
Re: The 112th Congress: Debt ceiling edition
The death panels should take care of the boomers...
The death panels should take care of the boomers...
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P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
I think we should keep Boomer
Under the proposed Amendment, the budget would be 2.54T
Defense Spending = .721T
Interest on Debt = .196T
Mandatory Spending (less Education, Energy, Medicare and Soc Security) = 1.029T
That comes to 1.95T
With the remaining $590B we'd have to run the government. That includes Social Security, Medicare/Medicaid, DOJ, Education, Energy, Housing, Veterans, Agriculture, Transportation, Environment...
We won't need death panels because the average age will drop to about 40. That solves the need for Social Security and Medicare. With the decrease of the surplus population we'll see the end of unemployment and the energy and housing problems will be fixed. We won't need schools because we'll need those kids for our workforce.
Still, it might be nice to have the FDA, OSHA, NASA, the FAA and the courts and jails. But we can make do. We can execute anyone guilty of a crime, drink polluted water and eat poisoned food while we watch airplanes crash into each other. Panem et circenses!
I think we should keep Boomer
Under the proposed Amendment, the budget would be 2.54T
Defense Spending = .721T
Interest on Debt = .196T
Mandatory Spending (less Education, Energy, Medicare and Soc Security) = 1.029T
That comes to 1.95T
With the remaining $590B we'd have to run the government. That includes Social Security, Medicare/Medicaid, DOJ, Education, Energy, Housing, Veterans, Agriculture, Transportation, Environment...
We won't need death panels because the average age will drop to about 40. That solves the need for Social Security and Medicare. With the decrease of the surplus population we'll see the end of unemployment and the energy and housing problems will be fixed. We won't need schools because we'll need those kids for our workforce.
Still, it might be nice to have the FDA, OSHA, NASA, the FAA and the courts and jails. But we can make do. We can execute anyone guilty of a crime, drink polluted water and eat poisoned food while we watch airplanes crash into each other. Panem et circenses!
Re: The 112th Congress: Debt ceiling edition
Back in 2006 the gov't took in over 19% of GDP with the same rates as today. The recession caused the revenue drop, not the tax cuts.
*can't get the link to work right now
Back in 2006 the gov't took in over 19% of GDP with the same rates as today. The recession caused the revenue drop, not the tax cuts.
*can't get the link to work right now
walrus
Wind up workin' in a gas station
ScoobyDoo
NPC
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
The recession caused revenues to drop, but not GDP.
Talking points again? Really.
The recession caused revenues to drop, but not GDP.
Kepler
Si certus es dubita
Re: The 112th Congress: Debt ceiling edition
Tail end (Hiroshima to Dallas). I'm still a net revenue source by a huge margin, though, so I'd ask to be kept around a bit longer.
Tail end (Hiroshima to Dallas). I'm still a net revenue source by a huge margin, though, so I'd ask to be kept around a bit longer.
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Handyman
Hug someone you care about...
Re: The 112th Congress: Debt ceiling edition
You can't trust him...he admitted to being a Berliner!!
You can't trust him...he admitted to being a Berliner!!
Kepler
Si certus es dubita
ScoobyDoo
NPC
Re: The 112th Congress: Debt ceiling edition
Not only that but those tax cuts were sold as stimulus. If they're stimulus then why did we have a recession?
The recession caused revenues to drop, but not GDP.
Not only that but those tax cuts were sold as stimulus. If they're stimulus then why did we have a recession?
Handyman
Hug someone you care about...
Re: The 112th Congress: Debt ceiling edition
Lack of confidence and lack of capital. That and the by-product of greed.
ScoobyDoo
NPC
Re: The 112th Congress: Debt ceiling edition
Well, ok.
But, I would argue that those tax cuts never stimulated anything. The Bush economic recovery in the early 2000's was entirely fueld by vapor and all the tax cuts were was a giveaway to the rich and MinnFan. Yet they were sold as such. Another lie. And they're still not working.
Well, ok.
But, I would argue that those tax cuts never stimulated anything. The Bush economic recovery in the early 2000's was entirely fueld by vapor and all the tax cuts were was a giveaway to the rich and MinnFan. Yet they were sold as such. Another lie. And they're still not working.
Kepler
Si certus es dubita
Re: The 112th Congress: Debt ceiling edition
The tax cuts were their own justification. That's how they moved seamlessly from "we have a surplus therefore we need tax cuts" to "we have a deficit therefore we need tax cuts." They could as easily have said, "you're wearing socks today therefore we need tax cuts." It wasn't logic, it was payback.
The tax cuts were their own justification. That's how they moved seamlessly from "we have a surplus therefore we need tax cuts" to "we have a deficit therefore we need tax cuts." They could as easily have said, "you're wearing socks today therefore we need tax cuts." It wasn't logic, it was payback.
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
Conflict of interest? What conflict of interest?
Conflict of interest? What conflict of interest?
unofan
Well-known member
Re: The 112th Congress: Debt ceiling edition
While it looks bad and is a perfect example of why Congressmen should have to put investments in a blind trust or outright divest themselves of everything but government securities upon taking office...
It's only $15,000 at most. Which while that's a new car for many and a not so insignificant sum to most, he's gotta be a millionaire, so it's not like he's fully invested in this thing.
This is a non-story.
While it looks bad and is a perfect example of why Congressmen should have to put investments in a blind trust or outright divest themselves of everything but government securities upon taking office...
It's only $15,000 at most. Which while that's a new car for many and a not so insignificant sum to most, he's gotta be a millionaire, so it's not like he's fully invested in this thing.
This is a non-story.
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
I'm sure it would be a non-story if it was Reid or Pelosi, too. The Echo Chamber would be silent on either of them "betting against America."
I'm sure it would be a non-story if it was Reid or Pelosi, too. The Echo Chamber would be silent on either of them "betting against America."
Re: The 112th Congress: Debt ceiling edition
Come on, Priceless - if making money off this idiocy was the main motivation, he'd have far more than $15k in that ETF.
ScoobyDoo
NPC
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