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(National Review)   "We're paying more in interest in the debt in the first four months of the year than the sum of the total deficit in 2007"   (nationalreview.com ) divider line
    More: Sad, deficits, balanced budgets, fiscal years, President Obama, debts  
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1338 clicks; posted to Politics » on 15 Feb 2012 at 9:21 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-15 06:22:23 AM  
Comparing debt to deficit? Are you a troll?
 
2012-02-15 06:51:46 AM  

Majick Thise: Comparing debt to deficit? Are you a troll?


Just very concerned. Besides, deficits in 2007 didn't matter.
 
2012-02-15 07:04:01 AM  

GAT_00: Majick Thise: Comparing debt to deficit? Are you a troll?

Just very concerned. Besides, deficits in 2007 didn't matter.


How dare you? HOW DARE YOU USE WHAT SOMEONE SAID AGAINST THEM?!?
 
2012-02-15 07:56:04 AM  

cman: GAT_00: Majick Thise: Comparing debt to deficit? Are you a troll?

Just very concerned. Besides, deficits in 2007 didn't matter.

How dare you? HOW DARE YOU USE WHAT SOMEONE SAID AGAINST THEM?!?


Verbatim in the original Latin means lie.
 
2012-02-15 08:00:20 AM  
And, let me guess, the economic mess is Obama's fault, right "conservatives?"
 
2012-02-15 08:05:12 AM  

Lionel Mandrake: And, let me guess, the economic mess is Obama's fault, right "conservatives?"


Well, if he didn't go and put two wars on the budget, none of this would have happened. If he'd just kept it quiet like Bush, all would be well and wonderful.
 
2012-02-15 08:47:10 AM  
We should call those folks on the TV and refinance.
 
2012-02-15 09:23:54 AM  

Vodka Zombie: Lionel Mandrake: And, let me guess, the economic mess is Obama's fault, right "conservatives?"

Well, if he didn't go and put two wars on the budget, none of this would have happened. If he'd just kept it quiet like Bush, all would be well and wonderful.


I wish Obama never started these wars in the first place.
 
2012-02-15 09:24:32 AM  

Lionel Mandrake: And, let me guess, the economic mess is Obama's fault, right "conservatives?"


From a policy perspective, it's the fault of everyone for the past 20-30 years.
 
2012-02-15 09:27:07 AM  
Damn, you, Obama! Damn you and your infernal time machine, which you used to go back to allow deregulation during the Bush administration and causing the housing crash that took everything else with it in 2008. I curse your name!
 
2012-02-15 09:27:09 AM  
I don't know about you guys, but I'm sure war with Iran and Syria will cure all our budget woes.... along with tax cuts of course.
 
2012-02-15 09:29:34 AM  
But Ronald Reagan proved deficits don't matter, Dick Cheney said so and he never lies!
 
2012-02-15 09:32:07 AM  
Damn, whats today?

Is it a day where presidents aren't responsible for job creation? Is it a day when presidents don't create law? Is it a day when presidents don't spend money, Congress does?


Its getting hard to remember what excuse applies to which party when in power.


Anyone wanna give a refresher course?
 
2012-02-15 09:32:24 AM  
cut spending(war, ss, medicare..lol yeah right boomers gonna boom) and raise taxes....lol yeah right boomers gonna boom
 
2012-02-15 09:33:17 AM  

bhcompy: Lionel Mandrake: And, let me guess, the economic mess is Obama's fault, right "conservatives?"

From a policy perspective, it's the fault of everyone for the past 20-30 years.


And what big fiscal shift was there 20 to 30 years ago?

No huge welfare programs - SS, Medicaid/care, food stamps and unemployment insurance were all around for a while even then.

Th only huge change fiscally was... Massive tax cuts. And bigger deficits each time they were cut...
 
2012-02-15 09:33:42 AM  

Boxcutta: Damn, you, Obama! Damn you and your infernal time machine, which you used to go back to allow deregulation during the Bush administration and causing the housing crash that took everything else with it in 2008. I curse your name!


Wait until you see just how much money Obama spent on developing that time machine. Man, you're going to freak your Boobies out.
 
2012-02-15 09:34:37 AM  

SJKebab: Man, you're going to freak your Boobies out.


And then it's a party!
 
2012-02-15 09:35:22 AM  
Ooh look, another thread where farktards jizz on 0bama and claim nothing is his fault.
 
2012-02-15 09:38:20 AM  

Majick Thise: Comparing debt to deficit? Are you a troll?


Done in one.
 
2012-02-15 09:38:36 AM  
SUM OF THE TOTAL
 
2012-02-15 09:38:41 AM  
Jake Havechek

But Ronald Reagan proved deficits don't matter, Dick Cheney said so and he never lies!


Theory states that deficit spending doesnt matter as long as the growth rate of GDP is greater than the growth rate of the debt. Politicians shouldnt try to explain economic theory, they seem to only pick the talking point portion that suits their current needs.
 
2012-02-15 09:39:50 AM  

Vodka Zombie: cman: GAT_00: Majick Thise: Comparing debt to deficit? Are you a troll?

Just very concerned. Besides, deficits in 2007 didn't matter.

How dare you? HOW DARE YOU USE WHAT SOMEONE SAID AGAINST THEM?!?

Verbatim in the original Latin means lie.


cache.ohinternet.com
 
2012-02-15 09:40:32 AM  
Goddamnitsomuch...why are people's panties in such a twist over the federal government borrowing money? 5-year and 7-year TIPS have had negative real yields since at least August, and even 10-year TIPS have a negative real yield for all of February. That means the Treasury can borrow a dollar today and pay back less than a dollar after inflation when the security comes due. The market obviously thinks the dollar is an exceedingly safe investment since it's willing to give the federal government free money. Why would we not take free money when it's available?

/socialism probably
 
2012-02-15 09:41:35 AM  

Deneb81: bhcompy: Lionel Mandrake: And, let me guess, the economic mess is Obama's fault, right "conservatives?"

From a policy perspective, it's the fault of everyone for the past 20-30 years.

And what big fiscal shift was there 20 to 30 years ago?

No huge welfare programs - SS, Medicaid/care, food stamps and unemployment insurance were all around for a while even then.

Th only huge change fiscally was... Massive tax cuts. And bigger deficits each time they were cut...


A million tiny cuts. Tax cuts, massive expansions in government, lack of will to raise taxes after cuts served their purpose, bipartisan support for banking and finance industry regulation, lack of will to properly protect important sectors of US industry as the global economy kicked in to gear, intentionally poor oversight of regulators, etc
 
2012-02-15 09:42:14 AM  
I still refuse to believe the average voter cares at all about debt or deficit. They'll spout off about it like good little parrots, but nobody actually cares, and nobody bases their vote on it.
 
2012-02-15 09:42:44 AM  
And they say spending is not the problem...
 
2012-02-15 09:43:31 AM  
We could pay the debt off faster if we raised taxes, especially on people who have a lot of money but pay relatively little, and who wouldn't, for practical purposes, miss a few percent more from their income.
 
2012-02-15 09:44:35 AM  
They were giving out free or low-cost wars back in 2006-7. I think we picked up two, just so we wouldn't run out.
 
2012-02-15 09:46:16 AM  

HotWingConspiracy: I still refuse to believe the average voter cares at all about debt or deficit. They'll spout off about it like good little parrots, but nobody actually cares, and nobody bases their vote on it.


I think you are correct but the average voter also lacks the ability to understand such complex economics so when the candidates get up and tell them that this will be the end of the USA as we know it they hear that and say "it must be bad"

//Fear is the best motivator in our elections.
 
2012-02-15 09:46:54 AM  
Oh, a misleading headline that conflates two non-related issues - from the NRO.

Must be a day that ends in Y.
 
2012-02-15 09:47:11 AM  
disruptthenarrative.files.wordpress.com
 
2012-02-15 09:48:39 AM  
Is this the thread about my wife's credit card?
 
2012-02-15 09:50:10 AM  

Mearen: Ooh look, another thread where farktards jizz on 0bama and claim nothing is his fault.


Oh look another thread where the neocons don't take responsibilities for two wars, tax cuts during those wars, etc.......
 
2012-02-15 09:51:51 AM  

HotWingConspiracy: I still refuse to believe the average voter cares at all about debt or deficit. They'll spout off about it like good little parrots, but nobody actually cares, and nobody bases their vote on it.


Do people care about them in and of themselves? Of course not.

But as a plank to complain about the enemy bankrupting our great nation? Oh, boy!
 
2012-02-15 09:51:52 AM  

Tyrone Slothrop: We could pay the debt off faster if we raised taxes, especially on people who have a lot of money but pay relatively little, and who wouldn't, for practical purposes, miss a few percent more from their income.


bijenkorf.files.wordpress.com
 
2012-02-15 09:52:18 AM  

sdd2000: Mearen: Ooh look, another thread where farktards jizz on 0bama and claim nothing is his fault.

Oh look another thread where the neocons don't take responsibilities for two wars, tax cuts during those wars, etc.......


And using the super-duper creative and funny 0 instead of O.
 
2012-02-15 09:53:06 AM  
Here's a hint:

STOP FARKING SPENDING MONEY!!
 
2012-02-15 09:53:29 AM  

Jake Havechek: But Ronald Reagan proved deficits don't matter, Dick Cheney said so and he never lies!


They don't matter to a certain point. Many economists state that point us around 90% debt to gdp. We are fast approaching that point.
 
2012-02-15 09:53:51 AM  
s3.mediamattersaction.org.s3.amazonaws.com

If someone torches your house before you get home, and you see the Fire Department putting out the fire as you arrive, it's usually considered a bad move to blame the Fire Department for the fire because they're the ones there now.

Especially when you're the one that told the arsonists to do it because it would be the best thing for the house.
 
2012-02-15 09:53:56 AM  
Obama follows his own advice to 'go big' this Valentine's Day by treating wife Michelle

Wednesday, February 15, 2012 10:00:13 AM · 44 of 44
FourPeas to Zakeet

Schmuck wrecks the economy then rubs our nose in it by taking his wookie out to eat high on the hog.

How Soviet of him.
 
2012-02-15 09:54:33 AM  

Majick Thise: Comparing debt to deficit? Are you a troll?


So much this.

If you didn't look at that headline and know immediately that it was idiotic, YOU are the idiot.
 
2012-02-15 09:54:45 AM  
I blame Warren Buffet's secretary. Whiney biatch needs to pony up.
 
2012-02-15 09:55:07 AM  

AngryDragon: Here's a hint:

STOP FARKING SPENDING MONEY!!


Should we go back to a barter system?
 
2012-02-15 09:55:17 AM  

Tyrone Slothrop: We could pay the debt off faster if we raised taxes, especially on people who have a lot of money but pay relatively little, and who wouldn't, for practical purposes, miss a few percent more from their income.


Yes that 40 billion a year from taxes on the rich will surely offset 900 billion deficits through 2016.
 
2012-02-15 09:55:35 AM  

AngryDragon: Here's a hint:

STOP FARKING SPENDING MONEY STOP INSISTING ON A VOLUNTARY PAY CUT WHEN THERE ARE EXISTING BILLS TO BE PAID THAT YOU RAN UP!!


FTFY
 
2012-02-15 09:55:53 AM  

HotWingConspiracy: I still refuse to believe the average voter cares at all about debt or deficit. They'll spout off about it like good little parrots, but nobody actually cares, and nobody bases their vote on it.


The average voter probably doesn't care about the deficit in the "wake up and immediately hope that spending has decreased" way, no. But it's a useful tool to beat Democrats with and resonates as part of the "libs can't run things efficiently" attack.

This is why the Republican candidates can attack Obama for spending in one breath and pledge to increase military spending/bomb Iran/put more money into Medicare with the next breath.
 
2012-02-15 09:56:00 AM  

AngryDragon: Here's a hint:

STOP FARKING SPENDING MONEY!!


Why? Why stop spending money now when the economy is still lacking demand? Why stop spending money now when we can get some of that money completely for free?
 
2012-02-15 09:56:07 AM  
This is in answer to that idiotic picture with the put money in the economy by taking money out of the economy.

Ok so the government takes 2.2 trillion in tax revenue from the economy. they spent 3.4 trillion.
1.2 trillion of the money spent by the federal government was from borrowing.

thats money that wasnt in the economy. thats money brought about by federal treasuries being bought and sold.

so....

1.2 trillion is money not from tax revenue.

this is why cheney says deficits dont matter.

for those that dont get it.
 
2012-02-15 09:56:59 AM  

Tyrone Slothrop: We could pay the debt off faster if we raised taxes, especially on people who have a lot of money but pay relatively little, and who wouldn't, for practical purposes, miss a few percent more from their income.


You dum lib. Even if we taxed every dollar of everyone who made over $10million last year, we'd have about $250billion.

Or so says a conservative guy on fark (yesterday, don't wanna call the name).

But, what he fails to realize is that what we're going to do is try to bring revenues back up to the 19% of GDP that we used to see before the 2001-3 tax cuts dropped it to 14% and change.

No, taxing ten-millionaires at 100% is not going to solve our problems overnight. The only thing that could do that is $15trillion dollars being left on Treasury's doorstep. What we could do is bump up the rate on the top bracket to a Clintonian 39.6% (or even 40% if we wanted to use round numbers), and either institute a millionaire's bracket (and possibly a $2-millionaire's bracket) at 42-45% or remove all deductions once AGI tops $1m (except, I guess, primary house and marriage/kids).

Unless I missed the part where it took 200 years to get to $1T in debt, another 30 to get to $15T, and yet somehow, magically, we have to pay all of that TOMORROW.

// Pizza the Hut's vig is outrageous
 
2012-02-15 09:57:06 AM  

Tyrone Slothrop: We could pay the debt off faster if we raised taxes, especially on people who have a lot of money but pay relatively little, and who wouldn't, for practical purposes, miss a few percent more from their income.


Oh, and to show what a moron you are, the cbo does pro t out effective tax rates by income brackets. Top 1% pay 28% bottom 20% pay 4%. So about that pay relatively little... Do I need to link the chart yet again?
 
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