http://www.chicagotribune.com/news/nationworld/ct-house-tax-and-spending-bill-20151215-story.html
"We may not be in the majority but we're feeling that these goals are on track," boasted Sen. Chuck Schumer, D-N.Y.
At least it is a smaller requested deficit than last year.
But still, makes me a little sick to think they are borrowing another $1,000.00 per person in the country.
Complete with tax breaks for the likes of NASCAR and race horse owners.
Regular, hard working folks f'ed again.
Greg
Obscene
Bohner, Boner never left. Just replaced by another progressive RINO. Or Repulicrat. Two headed snake.
Quote from: pacapcop on December 18 2015 06:41:49 AM MST
Bohner, Boner never left. Just replaced by another progressive RINO. Or Repulicrat. Two headed snake.
And this is what makes it so hard for me to support a Republican anymore. I end up debating if gun rights are any good if the economy is so far in the toilet that I can't afford to buy guns.
This thing is in stone and doesn't come back for anything until fall of next year. Then the election is right around the corner so another chance to kick it down the road until after the election. Then there is no way to kick the bums out so they don't care if they piss us off, so they do what they want (spend and spend).
Lather, rinse, repeat.........
Maybe lightning will strike one or two of them. They certainly won't do what the people want.
Greg
Quote from: sqlbullet on December 18 2015 07:52:50 AM MST
Quote from: pacapcop on December 18 2015 06:41:49 AM MST
Bohner, Boner never left. Just replaced by another progressive RINO. Or Repulicrat. Two headed snake.
And this is what makes it so hard for me to support a Republican anymore. I end up debating if gun rights are any good if the economy is so far in the toilet that I can't afford to buy guns.
Well, it's not quite there, yet. But, that's when you need to use them.
Hitlery imho, is out. The FSA free shit army of Many types , willfully ignorant, will vote
Bernie Sanders
Sanders just said he was going to raise taxes, he is done. Plus he is a neo-con.
http://www.usdebtclock.org/ (http://www.usdebtclock.org/)
.
Fixed the links
Sanders is not done. He's got the 18to29 yr olds, will get Libertarian voters because of banks, big metropolitan areas.
The size of the economy is ultimately measure by it's capacity to produce goods, which is heavily influenced by the size of the educated labor force.
The interesting thing, to me, about the debt clock is to look past the glitz of all the numbers that change so fast to the ones that, at least in my mind, matter: US Population size and Debt per Citizen. The Debt per citizen didn't change at all for the longest time. It has been three days now and it has gone up $6. I would prefer that it was stagnant or headed down, but overall, I want it stable. The rest of the numbers buzz by because our population is growing, which means our economy is as well.
Further, the debt per citizen may seem staggeringly high, but take into account that the US GDP per capita is $54,629 based on 2014 data. I would love to only be in personal debt one year's income. The realities of having a large family mean that I will carry a higher debt load than that for some time.
I am not saying that I don't think our national debt is troubling, or that I don't think it should be reduced. I do think the debt load we carry as a nation is easily justified by the size of our economy.
The bigger concern I have is whether we are in debt as a nation due to proper capital investments that will yield economic growth, or if we are spending money foolishly on products that do not offer a return.
Quote from: sqlbullet on February 07 2016 05:30:51 PM MST
I am not saying that I don't think our national debt is troubling, or that I don't think it should be reduced. I do think the debt load we carry as a nation is easily justified by the size of our economy.
The debt is nearly doubling in each 8 year administration. That is called exponential growth. Unless that stops, it runs us over like a truck.
There are unfunded liabilities of over 100 Trillion. It doesn't go away. It just gets worse and worse. If we don't shrink the size of the budget (size of government) its banks that get more powerful, not the US.
Greg
If I have to keep my budget balanced, then so should the Govt
Unfunded liabilities were at nearly 127 trillion on Jan 17, 2014 according to Forbes.
http://www.forbes.com/sites/realspin/2014/01/17/you-think-the-deficit-is-bad-federal-unfunded-liabilities-exceed-127-trillion/#4f4b793810d3
Looks like it is headed in the right direction. As a matter of fact, another 8 years at that reduction amount per year and it will indeed be gone. Or course, that isn't going to happen. Best bet would be to hold that reduction rate, which would put the amount at 41.4 trillion in 8 years.
Again, though, I look at liabilities vs assets, and I see we have a net positive worth. So the trick is to keep that trend, of growing our asset base faster than our liabilities.
I agree that the budget should be balanced. In 2000 the debt load was $5 trillion with small surpluses. If the Clinton tax rates were left alone. We would have been debt free in 2012. When Bush got in, they decided that 2 tax cuts without offsets would eliminate the debt in 2007.
In late 2011 early 2012. The president offered congress a 4-1 deal in favor of congress. Congress refused, the president was re elected and it became a 1-1 deal. You guys remember the GOP debates were they all said they would not even take a 10-1 deal in their favor.
When it comes to economics, the evidence is clear. Democrats are better at money issues.
Quote from: Wolfie on February 08 2016 08:01:14 PM MST
When it comes to economics, the evidence is clear. Democrats are better at money issues.
How so? Have you seen the prez' budget proposal?
1. "Since 1961 ... our private economy has produced 66 million private-sector jobs. So what's the jobs score? Republicans 24 million, Democrats 42 (million)."
— Bill Clinton on Wednesday, September 5th, 2012 in a speech to the Democratic National Convention in Charlotte, N.C.
2. Americans' Wealth Hits Record as Rich Get Richer
Rising Home, Stock Prices Fuel Gains, but Economy May Not See Full Benefit
By NEIL SHAH
Americans' wealth hit a fresh record in the first quarter amid a rise in home values and stock prices, a trajectory poised to continue as U.S. markets push higher but one that doesn't necessarily figure to rev up the sluggish recovery.
3. In crossing the symbolically important 16,000 threshold, the Dow Jones Industrial Average has also more than doubled from the closing level on Jan. 20, 2009, the day Obama was inaugurated as the 44th President of the U.S. The S&P 500 (^GSPC), a more meaningful index because it better represents the full range of industries within the U.S. economy, was up 111% during Obama's time in office through Thursday.
4. Obama is one of the biggest tax cutters in US history.
5. Obama is one of the biggest deficit cutters in US history.
Lets all recall the last time the GOP was in charge of the economy. It was Deficits Don't Matter and a Great Recession. Heck even today Speaker Ryan is afraid to produce a budget.