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(Zero Hedge)   Putting Obama's budget victory into perspective using a single handy graphic that even his biggest supporters can understand and still deny   (zerohedge.com) divider line 156
    More: Sad, obama, logarithmic scales, war on poverty, citizen's arrests, national debt  
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9598 clicks; posted to Politics » on 02 Jan 2013 at 3:28 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-02 11:59:31 AM
So you are saying he should have raised taxes more?
 
2013-01-02 12:06:10 PM
Zero Hedge is truly terrible.
 
2013-01-02 12:08:58 PM
Is it this one?

images.sodahead.com
 
2013-01-02 12:09:48 PM
Obma?
 
2013-01-02 12:20:31 PM
http://money.cnn.com/2013/01/01/news/economy/fiscal-cliff-deal-cbo/

Just more proof that no matter what happens this Administration will turn it into a spending bill.
 
2013-01-02 12:22:17 PM
Is it this one?

img688.imageshack.us
 
2013-01-02 12:25:41 PM

The Stealth Hippopotamus: http://money.cnn.com/2013/01/01/news/economy/fiscal-cliff-deal-cbo/

Just more proof that no matter what happens this Administration will turn it into a spending bill.


Did you realize we already have a thread about that?
 
2013-01-02 12:29:30 PM

James!: The Stealth Hippopotamus: http://money.cnn.com/2013/01/01/news/economy/fiscal-cliff-deal-cbo/

Just more proof that no matter what happens this Administration will turn it into a spending bill.

Did you realize we already have a thread about that?


no.  I unplug when I go home.  Spending time with the family and all that.

Thanks, this should be good reading.
 
2013-01-02 12:35:28 PM
It's important to remember that no one actually cares about the deficit.
 
2013-01-02 12:38:42 PM
Yes subby, that graphic was so simple it was meaningless.
 
2013-01-02 12:40:15 PM

ShawnDoc: So you are saying he should have raised taxes more?


No!
He could have cut almost that entire bar by eliminating PBS.
 
2013-01-02 12:40:21 PM
Anyway, according to the CBO's estimate of the revenue effects if all tax rates revert to their 2000 levels, then 2013 will see a revenue increase of 560 billion dollars.

According to the new CBO tables released on the effects of the Fiscal Cliff deal, the revenue in 2013 will now be  ‐279,840,000,000 (i.e. 280 billion dollars) lower than if all tax rates revert to their 2000 levels.

Subtracting 280 billion (I rounded) from the revenue increase of 560 billion projected in 2013 means that the net increase in projected tax revenues is around 280 billion. I think I'm doing the math right.
 
2013-01-02 12:42:56 PM
The comments on that page just made me dumber.
 
2013-01-02 12:45:15 PM
Novels are written one letter at a time.
 
2013-01-02 12:46:34 PM
We have no choice but to ax Sesame Street and cut taxes on the wealthy.

p.s.  your blog sucks
 
2013-01-02 12:50:57 PM

The Stealth Hippopotamus: http://money.cnn.com/2013/01/01/news/economy/fiscal-cliff-deal-cbo/

Just more proof that no matter what happens this Administration will turn it into a spending bill.


Because God created Adam and Eve, not Adam and Steve. If only we stopped spending on anything, all abortions, and all homogaying.
 
2013-01-02 12:59:58 PM
Does that graphic include the 2% increase in payroll taxes or is it just the increase in the marginal rate for those above 400k?
 
2013-01-02 01:00:46 PM
So people that make over $400,000 a year ($450,000 for couples)...their taxes are going to go up by 4% for only the money that they make over that amount.  And the GOP was fighting tooth and nail to stop this from happening.

But nobody fought to keep the payroll taxes from going up 2% for all working people.
 
2013-01-02 01:04:05 PM
Deficits don't matter?
 
2013-01-02 01:04:09 PM

Lando Lincoln: But nobody fought to keep the payroll taxes from going up 2% for all working people.


Something I learned recently, nearly half of the payroll tax break goes to the top 20% of earners. Another Making Work Pay credit would have been preferable. We got neither. Link
 
2013-01-02 01:11:15 PM
i.chzbgr.com
 
2013-01-02 01:20:15 PM

Dusk-You-n-Me: Lando Lincoln: But nobody fought to keep the payroll taxes from going up 2% for all working people.

Something I learned recently, nearly half of the payroll tax break goes to the top 20% of earners. Another Making Work Pay credit would have been preferable. We got neither. Link


I make just under the cutoff for payroll taxes so I am getting maximum effect on that one.

/still not going to hurt
 
2013-01-02 01:33:28 PM
I don't get it.  The link said "Zero Hedge", but there was nothing in that article about buying gold  to protect myself from imminent hyperinflation.
 
2013-01-02 01:46:36 PM
Well its a good thing that the tax revenue from this deal is annual, rather than just for one year, and that the  Blogmitter could make a misleading graph omitting that fact so he could get all angry about it.
 
2013-01-02 02:00:08 PM

gilgigamesh: Well its a good thing that the tax revenue from this deal is annual, rather than just for one year, and that the  Blogmitter could make a misleading graph omitting that fact so he could get all angry about it.


isn't the deficit annual also?
 
2013-01-02 02:16:41 PM

vernonFL: i.chzbgr.com


Oh c'mon... Jefferson should get a little bit of credit for having sexual relations with all those slaves.
 
2013-01-02 02:22:57 PM
i.imgur.com
 
2013-01-02 02:35:55 PM

vernonFL: [i.chzbgr.com image 500x493]


That isn't right.  Surely Clinton contributed something to the left hand column.
 
2013-01-02 03:03:09 PM

gilgigamesh: Well its a good thing that the tax revenue from this deal is annual, rather than just for one year, and that the  Blogmitter could make a misleading graph omitting that fact so he could get all angry about it.


our annual deficit is $1T.  We spend $3.6T annually, but collect $2.5T annually.  well, next year the deficit will probably be bigger.
 
2013-01-02 03:12:22 PM
farker didn't go back in time to 2 years ago and reduce spending?  God, what a jerk.
 
2013-01-02 03:15:49 PM

serial_crusher: farker didn't go back in time to 2 years ago and reduce spending?  God, what a jerk.


WTF is that guy's problem?
 
2013-01-02 03:32:13 PM
More like 'Zero HTML Skills'

Amirite?
 
2013-01-02 03:32:17 PM
Seriously, can we scrape up what's left of the chicken and bury the poor farker yet?
 
2013-01-02 03:32:38 PM

The Stealth Hippopotamus: http://money.cnn.com/2013/01/01/news/economy/fiscal-cliff-deal-cbo/

Just more proof that no matter what happens this Administration will turn it into a spending bill.


You'd think that the GOP would have done something about reducing spending after 2 years of controlling the House, but you'd be wrong.
 
2013-01-02 03:33:03 PM
Is there anything that Zero Hedge does get right?

/didn't even bother to click them because 100% of the stuff they post is BS and batshiat insane
 
2013-01-02 03:33:36 PM
I'd like to see one showing the impact of cuts to planned parenthood and pbs. Those were things we couldn't afford and had to spend time focusing on.
 
2013-01-02 03:34:13 PM
Raise their taxes not mine,
Cut spending on their programs not mine

I am overtaxed and my programs are needed! Everyone else doesn't have enough skin in the game and their programs are wasteful.

I wonder why compromise is hard? And then you got people in Congress who think that government doesn't work and get paid to show you how government doesn't work. "Government is broke now watch as I break it." Ta Da.
 
2013-01-02 03:36:17 PM
Zero Hedge?

I don't think so.
 
2013-01-02 03:36:27 PM
i.imgur.com
 
2013-01-02 03:36:41 PM
That's odd, I haven't heard anyone saying that Obama won a huge victory here, more like he won just a turd, instead of the whole sewage treatment plant. Maybe subby is listening to the voices in his head again. Or he's just a motherfarking troll.
 
2013-01-02 03:37:21 PM
I, for one, don't deny anything. We have the deficit for a reason. It's a tool, not a problem in itself.
 
2013-01-02 03:37:23 PM
Planned Parenthood spending is a fraction of a fraction of a fraction of a percent of the federal budget....but that spending is so goddamn wasteful that congressional investigations were needed to end that shiat.

I'm guessing tomorrow's graph will show that taxing every millionaire at 100% won't pay off the national debt this year, so obviously taxing is wrong cause we have a spending problem.
 
2013-01-02 03:37:32 PM
Obama owns it eh? I dunno looks like everyone in Washington stuck their dicks into this bear trap...

You voted for these pieces of shiat, as did I.
 
2013-01-02 03:37:33 PM

Mrtraveler01: Is there anything that Zero Hedge does get right?

/didn't even bother to click them because 100% of the stuff they post is BS and batshiat insane


So in other words, it's the best information the GOP has to offer.
 
2013-01-02 03:38:11 PM

Mrtraveler01: Is there anything that Zero Hedge does get right?

/didn't even bother to click them because 100% of the stuff they post is BS and batshiat insane


I clicked one ZH link in the past and won't do that again.

Terrible analysis and some wrongheaded ideas.

I'm not sure if it's Ron Paul or Larouche crazy.
 
2013-01-02 03:38:15 PM
The point of this was to get both parties to agree not to fark up the entire economy, not to complete a budget.

But don't let facts stop you from ranting, subby.
 
2013-01-02 03:39:24 PM
Isn't that a bit of apples and oranges?

Shouldn't we be looking at the deficit vs. total revenue rather than just revenue increases?

Or shouldn't we be looking at annual deficit increases in comparison to revenue increases?

Oh wait, I forgot, we're doing spin here, not perspective or education.

/carry on
 
2013-01-02 03:41:28 PM
Rather than deflect the problem into a giant "B-b-b-your guy did XXXXX", why can't we agree:

Clinton farked up allowing/pushing for crappy sub-prime mortgage laws.
Clinton also farked up allowing Glass-Steagall to be modified.
Bush farked up by not paying for wars and left too much tax money on the table.
Bush also farked up by not changing back Glass-Steagall.
Obabma farked up by wastefully spending much of the stimulus (but not all of it--some worked)
Obama is still farking up by spending too much.
Congress in general is way too childish to get anything substantive done.

Now--What should really happen to fix this ongoing budget gap?
 
2013-01-02 03:41:47 PM
From the comments:

Look at what they have done since they killed JFK:

blog.heritage.org

1 month after his death silver dropped from 90% to 40%, and five years later no more silver in coins.

These are not coincidences, we were infiltrated. The numbers speak for themselves.

The 'war on poverty' is code for implementing communism by getting everyone on the teat.

Can you hear me now?
 
2013-01-02 03:42:12 PM
So are they blaming him for not raising taxes beyond what got raised by the fiscal cliff?

Or not cutting off grandma's social security?
 
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