We currently have the fastest shrinking deficit since WWII. Investment that yeilds a greater return than the investment SHRINKS debt. Interest rates are tiny right now, so it's not even a difficult bar to pass on yeilding a return greater than the investment. You've been taught a false premise by the people who stand to profit from you falling for it.
lockewasright IS RIGHT! If you're a farmer and in debt and have a broken tractor, you don't sell the tractor for scrap to pay the debt, you borrow the money to fix it and plant your crops, grow'em sell'em get back in the black!
Except the government doesn't produce anything to sell. All it does is take money, borrow money and spend it. Obama's little "investment" in GM cost the taxpayer $10,000,000,000.
As I said, you willingly believe anything that perpetuates the fantasy that progressivism works. You completely disregard the fact that Obama has posted the highest deficits ... every year since in office ... in US history. You rant about a reduction of the deficit which is still higher than any US president.
Feel free to peruse the White House's own 2013 budget numbers ...
That's exactly right PW and the best part is that by getting some Republicans to show an ounce or reason we are allowing them to remove the yoke of the extremists! Bodes well for the future!
Democrat Anon 1 here with an article on why the biggest losers in this deal are the American people: http://www.nytimes.com/2013/12/13/opinion/krugman-the-biggest-losers.html?_r=0
DA-1....Well PK does say that the Dem's got some things and I wouldn't be as happy as I am if I didn't think there is a good chance that we will still get unemployment extended before the first of the year. I do think we will. Separately, this vote will definitely boost the economy which will help get more Dem's elected next Nov. and this vote also clearly cleaved away the Tea Party from moderate Republicans, that bodes well for future elections but also opens the door to a bi-partisan deal on unemployment this year...hopefully.
I am posting FACTUAL information, NOT fantasy. The information compiled in the articles I posted come from the Treasury Department as well as the White House budget office. That 2009 budget that Obama got saddled with was passed by Dubya. It's been going down since towards the levels we had before the economic crash.
Exactly right @Anon! Keep up the facts! Remember, a lot of decent people have assumed that the stuff they hear on Fox and talk-radio 'must be true or they couldn't say it on the air'. I've actually heard that line a lot when debating Rs. Our work is cut out but truth is on our side!
Dingbats. Only uninformed, undereducated dingbats whine about Fox News and talk radio.
I'm looking at White House numbers and projections. The Obama administration is projecting running at a minimum ... half a billion dollar deficits for the next ten years. Of course their "projections" are based on PROJECTED revenue. Their projections of revenue are fantasical to say the least.
Look at their projected spending. 3.8 trillion in 2014, 3.9 trillion in 2015 and 4.0 trillion in 2016 culminating in a mind boggling 5.7 trillion in 2023.
Social program spending climbs right along with it. 3.7 trillion by 2023.
They're not even thinking of not borrowing or printing money, or attempting to balance the budget. They're planning a gigantic welfare state.
This article -- http://www.forwardprogressives.com/republican-myth-debunked-u-s-deficit-actually-falls-below-1-trillion-for-first-time-since-2008/ -- links to this article -- http://www.npr.org/blogs/thetwo-way/2013/10/30/241929386/u-s-budget-deficit-falls-under-1-trillion-lowest-since-2008
Per the NPR article, which was at the end of October 2013:
U.S. Budget Deficit Falls Under $1 Trillion; Lowest Since 2008
The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 that the annual shortfall has been under $1 trillion. It represents a fall from $1.09 trillion in 2012, but as the AP reports, "It's still the fifth-largest deficit of all time."
The Treasury Department announced the news along with the White House budget office Wednesday.
"Under President Obama, the nation's deficit has fallen for the past four years," Treasury Secretary Lew said. "It is now less than half of what it was when the president took office."
From the White House, NPR's Tamara Keith reports for our Newscast unit:
"The higher revenue comes from a stronger economy and tax changes agreed to as part of the fiscal cliff deal. The savings come from the automatic across-the-board spending cuts known as the sequester, fewer people using food stamps, and the drawdown of troops in Afghanistan, among other things."
If you're wondering how to interpret the numbers — or just how to talk about them in a casual, yet politically charged, setting — The Atlantic is offering its help, with its "Your Guide to Arguing About It" feature.
As you would expect, the Treasury and the Office of Management and Budget can also help. Their report includes a breakdown of revenue sources and outlays for fiscal year 2013. Among the highlights:
Individual income taxes were $1.316 trillion, $6.7 billion higher than the Mid-Session Review estimate. Corporation income taxes were $273.5 billion, $5.2 billion lower than the MSR estimate. Outlays for the Department of Defense were $607.8 billion. Outlays for the Department of Health and Human Services were $886.3 billion.
"Higher wages and salaries made collections of individual and payroll taxes strong throughout the year," the agencies say.
As we reported earlier Wednesday, the Federal Reserve says it's staying the course and will not taper its bond-buying program , as it awaits more positive signs that the U.S. economy is moving forward.
This article -- http://www.forwardprogressives.com/republican-myth-debunked-u-s-deficit-actually-falls-below-1-trillion-for-first-time-since-2008/ -- also links to this article -- http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm
Per the Investors article, which was at the end of November 2012:
Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.
In fact, outside of that post-WWII era, the only time the deficit has fallen faster was when the economy relapsed in 1937, turning the Great Depression into a decade-long affair.
If U.S. history offers any guide, we are already testing the speed limits of a fiscal consolidation that doesn't risk backfiring. That's why the best way to address the fiscal cliff likely is to postpone it.
While long-term deficit reduction is important and deficits remain very large by historical standards, the reality is that the government already has its foot on the brakes.
In this sense, the "fiscal cliff" metaphor is especially poor. The government doesn't need to apply the brakes with more force to avoid disaster. Rather the "cliff" is an artificial one that has sprung up because the two parties are able to agree on so little.
Hopefully, they will agree, as they did at the end of 2010, to embrace their disagreement for a bit longer. That seems a reasonably likely outcome of negotiations because the most likely alternative to a punt is a compromise (expiration of the Bush tax cuts for the top and the payroll tax cut, along with modest spending cuts) that could still push the economy into recession.
Rather than applying additional fiscal restraint now, the government needs to make sure it sets the course for steady restraint once the economy emerges further from the deep employment hole that remains. In fact, a number of so-called deficit hawks are calling for short-term tax cuts to spur growth, rather than immediate austerity.
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
President Obama hasn't gotten much credit for reining in the deficit, probably because a big part of the deficit progress has come from the unwinding of extraordinary government supports that he helped put in place. Stimulus programs have come and mostly gone; the end of stimulus to states led them to enact Medicaid curbs; jobless benefits in recent months have fallen by 50% since early 2010 (due to both job gains and extended benefits being exhausted).
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
The link from the NPR article for the Treasury Department breakdown: http://www.treasury.gov/press-center/press-releases/Pages/jl2197.aspx
The link from the Investors article for the White House budget office historical tables: http://www.whitehouse.gov/omb/budget/Historicals/
The link from the Investors article for the Congressional Budget Office at end of 2012: http://www.cbo.gov/sites/default/files/cbofiles/attachments/43698-Nov-MBR.pdf
The link from the Investors article for the Center on Budget and Policy Priorities at end of 2012: http://www.cbpp.org/cms/index.cfm?fa=view&id=3840
$680,000,000,000 is nothing to crow about. It's still the fifth largest deficit in US history. The first four also belong to Obama. Granted, 0.68 trillion is better than 1.4 trillion, but it's simply money we don't have and it will take generations of young Americans and Americans that haven't been born yet to pay that back ... if ever. Obama plans on running a deficit of at least 500 billion ... every year.
I'm still not sure you folks understand what the hell the deficit is. It's spending money we don't have. We borrow from other countries, or write IOU's to ourselves and print money.
If regualr people don't operate their household budgets like that why should the government?
Democrat Anon 4 here. @Former Conservative, Now Liberal - Thanks for posting that information. Excellent closing statement from the Forward Progressives article:
quote -
It still amuses me that Republicans seem to only be “fiscally conservative” once their party no longer controls the White House. For eight years under George W. Bush, Republicans had near full control over our government, and did nothing more than wreck a balanced budget, run up giant deficits and double our national debt.
But now they want to pretend to act appalled at spending?
I’ll just leave them to their rhetoric. Because while they’ll continue to push the outright lie that Obama has been a president who simply throws money at everything, reality is on the side of those who know that he’s drastically reduced our deficits from the 2009 levels passed during George W. Bush’s last year in office.
You people are idiots. Not one of you has even taken the time to look at past deficits, our debt, what we spend and what we spend it on. I've given you links but you ignore them and look for any article that tells you what you want to hear.
Your only answer to everything is raise taxes on everyone.
Moderate Repub Anon here. They only want to raise taxes on people millionaires and billionaires. Millionaires and billionaires are filthy rich, so they can afford to pay their taxes.
Dear "progressive woman". I've read the links and they try to paint a rosy picture of massive spending. I've linked White House budgets. They display revenue, deficits, total spending and where the spending goes along with projections. Do you agree with the spending and projections?
All I want to know is do you believe that such massive deficit is good, and who do you think is going to pay for it? Secondly, since virtually all tax revenue goes to social programs, should we "compromise" and reduce them ... even a small percentage, or just tax and borrow more?
"Moderate Repub" ... One, stop calling yourself that. It's ridiculous. The only one you're fooling is yourself. Two, you're already getting 40% federal, state tax, property tax and various other business and local taxes from "the rich". You do understand that when the rich spend money it creates jobs and businesses right? But go right ahead ... tax them all you want. The "rich" isn't a bottomless well. Soon they'll have to tax the middle class (which they've already done with Obamacare). Believe me, they'll want more.
A side note on "the evil rich". New York City would become Detroit without the rich people spending money there. That's why Broadway thrives, that's why there are countless restaurants, high class hotels, and countless other services employed almost exclusively by "the rich". Without the money they spend everyone from dishwashers to executive chefs would be out of a job. Maids, limo drivers, security people, hotel staff, waiters, laundry, actors, clothing stores, and the list goes on and on.
It's apparent that you people need to see what your utopia will look like, so I hope you get it. Only then will you begin to understand that your jealousy of other's success and desire for the fruit of their labor is indeed, nothing but selfish greed that in the end will kill the goose that lays the golden egg. No one will be rich and everyone will be poor.
Moderate Repub Anon here. I'm a moderate because I don't hold views on the far edges of the political spectrum. So, I'm not going to stop calling myself a moderate just to please you.
Exactly right Progressive Woman! Another thing that proves he/she hasn't read the links - their sources of information come from the Treasury Department and the White House budget office.
Progressive woman ... what the hell are you talking about? Debunked? Maybe you didn't read the article. It even says this ...
"The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 that the annual shortfall has been under $1 trillion. It represents a fall from $1.09 trillion in 2012, but as the AP reports, "It's still the fifth-largest deficit of all time." "
In each and every year Obama has borrowed and spent more than any US president. Even his lowest defict still ranks as higher than anyone else.
Can you people not understand numerical symbols? Also, can you answer my questions to you?
"Moderate Repub" ... you're not Republican, and you're not moderate. You advocate every single liberal issue, including massive spending.
Yes, it does debunk. It shows that ultra-conservatives cling to the 2008 numbers that are still below what 2013 is at, but fail to embrace the fact that 2009′s numbers, while tagged to President Obama, were passed by George W. Bush. So the fact is, spending is down under President Obama.
Democrat Anon 2 here. @Democrat Anon 1 - It's like I said below. Even if Obama fixed every little thing they continuously whine about, they will still be negative about him.
This is like talking to people who refuse to accept the earth is round.
Democrats took Congress in 2007. They wrote the spending bills. If you look at Bush's actual proposed budget deficit spending was slated to be 407 billion.
Democrats rejected his budget and never passed one.
Instead, democrats passed a 410 billion omnibus spending bill in March 2009, the 1.1 trillion "stimulus" bill and another 447 billion omnibus spending bill in December 2009.
Also, you keep harping on 2009 but ignore his other years which are also higher than any past president.
I'm not defending Bush, I'm just giving you numbers.
Yes projections are just projections BUT LOOK AT THEM. Look at the projected revenue. It's a fantasy. Using those fantastical revenue projections they project lower deficit spending. It'll never happen in this anti-business climate, especially now that Obamacare is draining more money from individuals, small businesses and the taxpayer.
LOL! Always love it when they try to blame everything on the Democrats. What about those two unfunded wars that were started LONG before the democrats controlled the senate?
Democrat Anon 3 coming out of the woodwork briefly. Exactly right Former Conservative, Now Liberal! Bush passed all of the eight years of war debt onto the next president in 2008. It would not have mattered who was in office. That president was going to be getting a ream job right from the start. Now back into the woodwork.
A comprehensive look at how, even in the age of austerity, the military budget remains as bloated as ever. http://www.motherjones.com/politics/2013/12/pentagon-budget-deal-charts-cuts
Democrat Anon 4 here. As the lyrics of this John Denver song so wisely says...
What are we making weapons for Why keep on feeding the war machine We take it right out of the mouths of our babies Take it away from the hands of the poor Tell me, what are we making weapons for
@Democrat Anon 3. I can guarantee you that if Bomb Bomb Iran McCain/Half Governor Caribou Barbie Palin went in then they would be eerily silent, just like they were silent when Saint Trickle Down Economics (what a joke!) Reagan/Papa Bush tripled the debt. That's why I can't take them seriously.
And speaking of Obamacare, Marco Rubio, Rand Paul, and Paul Ryan have signed up for Obamacare.They must secretly like it. LOL! http://www.huffingtonpost.com/2013/12/11/marco-rubio-obamacare_n_4425732.html
Progressive woman: Please, "age of austerity"???? Please show me the massive cuts to entitlements. Show me any cuts at all.
You people are idiots who simply cannot reply to whatever I post.
Secondly, you could get rid of the military and still not have enough money.
2013 spending:
0.9 trillion social security 0.9 trillion health care 0.4 trillion welfare total: 2.2 trillion
Defense budget 0.8 trillion.
Total 2013 spending 3.5 trillion
Also, I thought you people loved government jobs. That's what the Defense Department is, a gigantic government job. Get rid of it then. Use the Pentagon for public housing where people can hang out, drink, screw, get high and collect government checks. Utopia!!!!
China will love you.
As for the "Former Conservative, Now Liberal" moron ... "unfunded" means not provided with funds, not financed. Hey, maybe we could have "unfunded" welfare!
As for the other moron AnonBorg 3, your fellow comrades (aka democrats) voted for Iraq and Afghanistan. In fact Obama is STILL IN AFGHANISTAN. He also wanted to start wars in Libya and Syria. He's using drones to kill people all over the world. In fact he sounds more and more like a typical war mongering democrat.
WWI - Woodrow Wilson (D) WWII - FDR (D) Korea - Truman (D) Vietnam - Kennedy (D) Bosnia - Clinton (D)
The only wars ever started by a Republican were Desert Storm, Iraq and Afghanistan. How much "unfunded" money went to those democrat wars?
In summary, you people are idiots. Your children will hate you, your grandchildren will hate you. All successive generations will hate you. Your only goal is to get free stuff regardless of how destructive socialism is. You are well on your way to killing the freest country the world has ever seen.
You are all members of the Leftwing Free Stuff Army (FSA) ...
That's because you can't reply, which isn't unusual as liberals are generally uninformed and unable to do basic research or answer simple questions.
As for "progressive woman" ... show me the austerity cuts please.
Maybe you should be called "Lying woman", or "woman who knows nothing", or Maybe "Free stuff woman", or maybe "Propaganda woman". I know! "Regressive woman". Taking us back to a time before the US when the people had little or no power and were left to the whims of the ruling class. Ah those were the days ...
Democrat Anon 2 here. Exactly right Former Conservative, Now Liberal! President Obama could reduce the national debt to zero and fix every little thing the GOTeabaggers whine about every day and they still will NEVER EVER have anything positive to say about him!
New Gallup poll shows the Teabaggers favorability has fallen to its lowest level ever. http://www.gallup.com/poll/166217/tea-party-favorability-falls-lowest-yet.aspx
Thanks FCNL that's great news... Excerpt- Tea Party Favorability Falls to Lowest Yet Fifty-one percent view it unfavorably by Joy Wilke
PRINCETON, NJ -- For the first time, a slim majority of Americans say they have an unfavorable opinion of the Tea Party movement. About one-third view the movement favorably, a new low. A smaller percentage, 22%, in a separate question identify themselves as supporters of the movement, while 24% describe themselves as opponents. Nearly half (48%) are neutral.
Yah, great news! Thanks FCNL. I've excerpted and linked to it as my post today. Good to have something to put up, holidays have me off of my writing rhythm...Chip
Thanks for that Former Conservative, Now Liberal. The Teapublicans are threatening to hold the debt ceiling hostage yet again -- http://www.politicususa.com/2013/12/15/paul-ryan-threatens-president-obama-america-debt-limit.html -- All the more reason for Democrats to take back the House in 2014!
Democrat Anon 1 here. Thanks for posting that Progressive Woman. I wonder how Paul Ryan would feel if he and his cronies at the Capitol were surrounded by bus loads of millions of retirees and not able to leave his office? I can see that happening if he tries to mess with Social Security. That money is not the Congress’s to do with as they see fit. It is our money that we paid into all our years of employment, to be disbursed when that individual reaches 62 or older.
Senate Advances Budget Deal S W E E T ! Two-Year Budget Plan All but Ends Threat of Another Government Shutdown! WSJ- http://online.wsj.com/news/articles/SB10001424052702303949504579264010465380046
Democrat Anon 1 here. Thanks for the Progressive Woman.
Here is an excellent piece regarding the debt. http://pleasecutthecrap.com/for-all-of-their-whining-youd-never-guess-gop-is-responsible-for-most-of-the-debt/
Between 1940-80 the wealthiest Americans paid between 70% to 90% federal income tax and that's what allowed us to build the American Dream. How else could we afford it? Between 1940-80 we fought and paid for WWII, Korean War, Vietnam War, we built our US Interstate Expressway system, Roads, Electrical Grid, Telephone, our main Bridges and Tunnels; we Made every Car we Drove and we wore just the Clothes we Sewed and WE WENT TO THE MOON SIX TIMES-AND WE PAID FOR IT ALL! Here's the link. Go to section 21.5 and Get out ye encyclopedias... TRUTH:http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#1930_-_1980
Coming out of the woodwork. In the last conversation I read between you and them, they decided to ignore you. You weren't worth talking to. Trying to talk to you has become a waste of their time. Now back into the woodwork.
If you're really pragmatic then you must have some opinion on the numbers I posted. Is it good policy to spend virtually all tax revenue on social programs while having to borrow the rest to pay for everything else?
Taxing the "evil rich" will only get a small amount more. The only other source of revenue is the middle class.
The wealthy have had the GOP to do their bidding for as long as I have been alive (born in 1973). I have watched them try again and again to reverse the progress the middle class has made since the end of WWII. They have been working to dismantle FDR’s new deal since it began, and morons living in this country, who live a comfortable life thanks to FDR’s plan for the people want to cut the legacy from the lives of their children. Gradually, the benefits we enjoy have dwindled away. Both spouses work to stay afloat. Kids are denied a well rounded education, with standards that fall way behind countries like Finland, and Sweden. When they finish public school they are faced with burdening debt for their families and themselves with a job market of “good luck.” The wealthy have been very successful in robbing us of our prosperity. But that 60+ foot yacht is more than 10 years old, and by golly I need a new one! Greed and corruption has utterly ruined our government.
First of all, welcome to the forum Pragmatic Progressive. Second, very well said! The Glenn Frey song, “I’ve Got Mine”, is the perfect theme song for the GOTea! Lyrics: http://www.metrolyrics.com/ive-got-mine-lyrics-glenn-frey.htm
As usual, "progressives" can't answer simple questions.
You people have been so brainwashed with propaganda you don't even think. FDR's "New Deal" hasn't been dismantled ... it's grown to monstrous proportions, gobbling up all the money it can find. There will never be enough money to feed the beast.
I find it odd how progressives always accuse the "evil rich" of being greedy yet progressives are the ones that never stop taking the fruits of labor from people. You always want more, and more, and more. You don't produce anything, you just take.
Go ahead and destroy the wealthy. Take everything they have. Take all their money. After all, the top 10% of earners only pay 70% of all taxes, and it's their penchant to buy yachts, and other items of luxury that provide employment for millions of people.
Go ahead progressive, you want utopia, take it. We'll all be poor and no one will be rich. Then you'll be happy.
By the way, it would be nice if you answered my simple questions.
Exactly right Pragmatic Progressive! Yes, there are "takers" in the American economy, but they're not the poor folks Mitt Romney referenced in his now-infamous "47 percent" comments. Instead, those takers look a lot more like Romney himself, and his $50,000-a-plate campaign donors.
"The wealthy have had the GOP to do their bidding for as long as I have been alive (born in 1973)".
I decided to look at who controlled Congress since you think the GOP apparently does the bidding of the wealthy.
Democrats controlled the entire Congress (both House and Senate) from 1955 to1980. Republicans controlled the Senate for a short time from 1981 to 1986. After that democrats regained control of Congress from 1987 to 1994 ... and again from 2007 to 2010. Presidents have gone back and forth from R to D and back.
In the period from 1955 to 2013 Republicans have controlled Congress for a total of ten years. Democrats have controlled Congress for 37 years. Congress was shared for 11 years.
I am preparing to leave on a trip to visit family for the holidays. Before I go I'll say this: Right on Extreme Liberal and FCNL! The Regressive Anon's rants show he has no empathy for those less fortunate than him.
I'm getting ready to head off as well but first I'll say this: Exactly right Progressive Woman! Regressive Anon may be well off now but he never knows when he might be in a situation where he might need some government service he constantly whines about. He should be thankful that many developed countries have safety nets for their most vulnerable citizens.
Democrat Anon 3 stopping by briefly to say: Very well said FCNL! My hair stylist has been suffering from chronic neck and back pain. Surgery and therapy haven't helped. She had to recently close her business and go on disability because of the pain. She is just one example of many millions of Americans the Regressive Scrooge Republicans will hurt if they ever dismantle the social safety net. That's why I, for as long as I am able to do so, will fight these heartless Rethuglicans! Good day and Happy Holidays and safe travels to everyone!
The tax rates on the wealthy from 1940-80 were double to triple today's rates, no coincidence. From 1940-80 we paid for WWII, Korean War, Vietnam war, Republican Eisenhower built our Entire Interstate Expressway system and we went to the moon-manned 6 times! All this while providing a much more generous safety net of social programs than we have today. Kennedy only lowered the upper rate a little, but Reagan decimated it and America has gone into debt and disrepair since then. Sad...When will we learn?
Visit NBCNews.com for breaking news , world news , and news about the economy
Obama Did Not Change Unemployed Calculation, Pa Bush and Clinton Did!
Interesting that if you add the upwardly revised jobs # from the previous two months to the April total then it equals the 168k that was projected. But the real point to focus on today is the fake story from the far-right which lies about how the unemployment # is calculated. They say Obama changed it, NO, it was changed in 1994!
"THE DEFINITION OF 'UNEMPLOYED' HAS CHANGED"... Rightwingers! Show me one link to one reliable source detailing when and how this happened! You can't. What Neal Boortz etc. are referring to (when they say today's rate would be higher under the old formula) is something that occurred in 1994 under Clinton and was started by the Bush Sr. administration. Here is a link to an article in Harper's by Kevin Phillips proving my point... Quote and Link: "But in 1994, the Bureau of Labor Statistics redefined the workforce to include only that small percentage of the discouraged who had been seeking work for less than a year. The longer-term discouraged—some 4 million U.S. adults—fell out of the main monthly tally. Some now call them the “hidden unemployed.” Harpers- http://harpers.org/archive/2008/05/0082023
A Walk With MLK-My proudest day.
One bright morning when I was a 12 year old boy living in Sandy Springs GA, my mother June announced to my younger brother and sister and me that we weren't going to school that day. She told us to dress nice and get in the car. We only found out as we were leaving the house that we were going to march in Martin Luther King's funeral procession.
It was a short quiet drive. I don't care for crowds and I was worried that this was going to be a long hard sermon to listen to, but I knew we were doing the right thing. We had mostly grown up in the poorer parts of various southern towns and we were used to both colors of people sharing the streets, but this was an amazing feeling to be the only people of one color we saw in such a large crowd. I wasn't surprised at how warm and comfortable it felt. And I realized immediately what a good idea Momma had to come there.
The entire walk and service seem like a beautiful, if melancholy dream. Never had we felt such an outpouring of peace and goodwill through such sadness. All of us have shared our memories over the years, many times. The whole event passed like a song, but midway through my younger brother, only 8, began fidgeting, being so short he was staring at people's stomachs and bored. Then slowly and quietly, without a word, a tall strong man standing behind Steve reached down and picked him up over his head and gently placed him on his shoulders so he could see. Steve was quietly mesmerized and still says it was the most amazing experience he ever had to be lifted up over the crowd and to watch the whole panorama from his private box.
It was a small piece of heaven on earth that the reverend brought to all of us there that day. My mother and sister and brother and I all agree that was all of our proudest day. Not for anything we've done to help with King's cause, but what we did for ourselves by being there. It changed us. It was a religious experience.
When I see pictures of the good doctor and his statue on the mall, he is very real to me. He is still alive, I'm sure of it.
And I wouldn't be at all surprised if he came back one bright morning.
Lower Tax Rates Bring in More Revenue-Not Really...
'It works every time it's been tried' blares the conservative radio host of your choice. But not so fast...here's how that myth breaks down. If an economy is growing at a very fast clip and increasing in size year after year, that is one thing. Under that circumstance (as was the case in 1965 when our upper rate was lowered from 91% to 70%) then it is indeed possible to garner more tax revenue at a lower rate of taxation because you are, in effect, taking a smaller bite of a bigger pie. But this is a temporary result and depends on the economy continuing to expand. And since a prime factor in the continuing growth of any economy is that a nation stay up to date on modernization and maintenance of its infrastructure, that means this formula for increasing revenue by lowering taxes must inevitably be reversed if a nations economy is to stay strong. Nothing is static in economics!
When Will We Learn?
During what years was the USA at our economic peak? The tax rates on the wealthy from 1940-80 were no coincidence. And don't say 'the rich didn't really pay them'. There's no way our economy grew so much and we did so much with such low debt without vastly more revenue. From 1940-80 we paid for WWII, Korean War, Vietnam war, Republican Eisenhower built our Entire entire Interstate Expressways system and we went to the moon-manned 6 times! Kennedy only lowered the upper rate a little, but Reagan decimated it and America has gone into debt and disrepair since then. Sad...When will we learn? http://PatrioticEconomics.blogspot.com/
The [N-Word] Lover's Dead -JFK
"The NiXXer lover's dead..."
Those were the words that informed me of the assassination of president John F. Kennedy fifty years ago. The words weren't spoken by an individual, they were sung by a small makeshift choir gathered around the driver of a school bus in Greenville South Carolina where I lived at the time.
I was eight years old and despite the rampant racism in the south, I didn't hear the 'N' word very often. My white family didn't use it and in the all white segregated school I went to and community I lived in Black folks were almost invisible and therefore not available to be abused by this hate speech.
This small bus load of white elementary school boys had been shuttled from school to the Young Men's Christian Association for pee wee football practice and we were on our way home when I heard the 'song'.
I was sitting near the back of the bus and as it rumbled along I absentmindedly didn't notice that most of the other kids had gathered around the bus driver at the front, in a tight bunch. When the song started I couldn't make out the words, but the dirge-like chanting immediately made me feel as if I had crossed into some otherworldly nightmare and I was listening to the chanting of witches...I thought this to myself just before the words became clear to me..."The Nigger lover's dead...The Nigger lover's dead...The Nigger lover's dead..." over and over again, it went on and on and sent a chill down my spine though I had no idea what they were singing about. Even when we got off the bus (back at school) and another kid my age smiled at me and gleefully repeated the phrase...I still didn't know.
I walked home and when I entered the house and the living room I found my mother and our Black babysitter Mariah in a huddle of sobbing and wailing on the couch. My mother June looked up at me with her tortured red tear-soaked face and just shook her head and put it back down...I walked through the hall to my bedroom and I still wasn't sure what had happened, but I knew someone good had been killed and I remember thinking to myself that we weren't going to be happy anymore for a very long time.
Years passed, other tragedies happened and were grieved, MLK, Bobby Kennedy...and in 1990 I moved to Boston Massachusetts. One day as I walked down Commonwealth Avenue, under the CITGO sign, I passed an elderly AfrAmerican man walking the opposite way on the sidewalk. As I nodded, a car full of young white men drove passed us and shouted "Nigger!" in unison. As I barked "Fuck you!" they retorted "Nigger lover!" and sped away. I looked back at the gentleman and said, "I'm sorry about that." He just smiled a sad smile and said, "That's OK," and kept on walking.
Ironically, that's the only time anyone ever called me that horrid phrase to my face - not far from JFK's birthplace.
I don't think America is worse than other nations in terms of racism. In some ways you can argue that the United States is the only place racially diverse enough to be considered a true test of a society's ability to peacefully integrate different races. Barack Obama being elected president surely doesn't mean the end of racism in America, but in my opinion - and I think that of my mother June, who passed on some years back - I believe that it is the greatest moment in the history of our country.
I don't say this because I know President Obama is our best president, but he is a crown on the throne of America as a progressive nation!
And today, while the pain of that early memory has been dulled by time and some modicum of progress, I am freshly sickened by the latest right wing political posturing in which (cynically and wickedly) they are trying to invoke the name of John F. Kennedy as a conservative, one of their ilk, who would gladly abandon the Democratic Party in favor of Republicans, if he were only alive today.
The man whose name they spat on they now claim as their own because of his iconic popularity and youth appeal. 'JFK' they say 'lowered taxes' and that makes him theirs. Yes Rush Limbaugh, yes George Will, JFK's administration lowered taxes from an upper rate for the wealthy of 91% to 77%, (or roughly double today's rates). There's no reason to believe he would join in with you and the modern, government hating, Republican zealots of today or the revitalized racism of the Tea Party. But there is every reason for you to bow your heads in shame for ever mentioning his name. http://ChipShirley.Com/
Why are you cheering going deeper into debt?
ReplyDeleteTotal Public Debt Outstanding: $17,234,005,998,603.93
http://www.treasurydirect.gov/NP/debt/current
We currently have the fastest shrinking deficit since WWII. Investment that yeilds a greater return than the investment SHRINKS debt. Interest rates are tiny right now, so it's not even a difficult bar to pass on yeilding a return greater than the investment. You've been taught a false premise by the people who stand to profit from you falling for it.
DeleteDo you even know what the deficit is?
DeleteSecondly, our debt is not shrinking.
lockewasright IS RIGHT!
DeleteIf you're a farmer and in debt and have a broken tractor, you don't sell the tractor for scrap to pay the debt, you borrow the money to fix it and plant your crops, grow'em sell'em get back in the black!
Except the government doesn't produce anything to sell. All it does is take money, borrow money and spend it. Obama's little "investment" in GM cost the taxpayer $10,000,000,000.
Delete2009 deficit: 1.4 trillion
Delete2010 deficit: 1.3 trillion
2011 deficit: 1.3 trillion
2012 deficit: 1.1 trillion
2013 deficit: 0.8 trillion
How that qualifies as the world's fastest shrinking deficits is beyond me. Must be that new "progressive" math.
lockewasright is right about the deficit that the deficit has fallen.
Deletehttp://www.forwardprogressives.com/republican-myth-debunked-u-s-deficit-actually-falls-below-1-trillion-for-first-time-since-2008/
lockewasright is also right that it's the fastest since WWII.
Deletehttp://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm
Get with the program. Obama's lowest deficit is still the highest in US history. That's nothing to crow about.
DeleteYou people will believe manipulated facts and propaganda over actual numbers.
Delete@Former Conservative, Now Liberal
DeleteThank you for posting the links for the true (not manipulated, not propaganda) facts and actual numbers.
@Progressive Woman
DeleteYou are very welcome.
As I said, you willingly believe anything that perpetuates the fantasy that progressivism works. You completely disregard the fact that Obama has posted the highest deficits ... every year since in office ... in US history. You rant about a reduction of the deficit which is still higher than any US president.
DeleteFeel free to peruse the White House's own 2013 budget numbers ...
http://www.gpo.gov/fdsys/pkg/BUDGET-2013-BUD/pdf/BUDGET-2013-BUD-29.pdf
or search 2014 and past budgets and spending.
WARNING: These are Obama adminstration figures and haven't been massaged and manipulated by leftwing propagandists. Not propaganda. Read at own risk.
This deal is far from great but it is a step forward to avoid more economic chaos.
ReplyDeleteThat's exactly right PW and the best part is that by getting some Republicans to show an ounce or reason we are allowing them to remove the yoke of the extremists! Bodes well for the future!
DeleteYes, calling for fiscal sanity and not wanting to leave future generations saddled with enormous debt is extreme.
DeleteAmen to that Dixie Dove! I’m enjoying every minute of the Republican infighting! Pass the popcorn!
DeleteTHE HOUSE FALLS ON THE TEA PARTY!
ReplyDeleteThe Wicked Witch just got crushed by the House of Representatives 332 to 94!
DING DONG........
http://ChipShirley.Com
Democrat Anon 1 here with an article on why the biggest losers in this deal are the American people: http://www.nytimes.com/2013/12/13/opinion/krugman-the-biggest-losers.html?_r=0
ReplyDeleteDA-1....Well PK does say that the Dem's got some things and I wouldn't be as happy as I am if I didn't think there is a good chance that we will still get unemployment extended before the first of the year. I do think we will. Separately, this vote will definitely boost the economy which will help get more Dem's elected next Nov. and this vote also clearly cleaved away the Tea Party from moderate Republicans, that bodes well for future elections but also opens the door to a bi-partisan deal on unemployment this year...hopefully.
Delete@Anonymous @9:30 AM
ReplyDeleteI am posting FACTUAL information, NOT fantasy. The information compiled in the articles I posted come from the Treasury Department as well as the White House budget office. That 2009 budget that Obama got saddled with was passed by Dubya. It's been going down since towards the levels we had before the economic crash.
Exactly right @Anon! Keep up the facts! Remember, a lot of decent people have assumed that the stuff they hear on Fox and talk-radio 'must be true or they couldn't say it on the air'. I've actually heard that line a lot when debating Rs. Our work is cut out but truth is on our side!
DeleteDingbats. Only uninformed, undereducated dingbats whine about Fox News and talk radio.
DeleteI'm looking at White House numbers and projections. The Obama administration is projecting running at a minimum ... half a billion dollar deficits for the next ten years. Of course their "projections" are based on PROJECTED revenue. Their projections of revenue are fantasical to say the least.
Look at their projected spending. 3.8 trillion in 2014, 3.9 trillion in 2015 and 4.0 trillion in 2016 culminating in a mind boggling 5.7 trillion in 2023.
Social program spending climbs right along with it. 3.7 trillion by 2023.
They're not even thinking of not borrowing or printing money, or attempting to balance the budget. They're planning a gigantic welfare state.
Look for yourself:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/tables.pdf
That should be "half a trillion dollar deficits", not half a billion. If it was half a billion I'd vote for the guy myself.
DeleteThis article -- http://www.forwardprogressives.com/republican-myth-debunked-u-s-deficit-actually-falls-below-1-trillion-for-first-time-since-2008/ -- links to this article -- http://www.npr.org/blogs/thetwo-way/2013/10/30/241929386/u-s-budget-deficit-falls-under-1-trillion-lowest-since-2008
DeletePer the NPR article, which was at the end of October 2013:
U.S. Budget Deficit Falls Under $1 Trillion; Lowest Since 2008
The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 that the annual shortfall has been under $1 trillion. It represents a fall from $1.09 trillion in 2012, but as the AP reports, "It's still the fifth-largest deficit of all time."
The Treasury Department announced the news along with the White House budget office Wednesday.
"Under President Obama, the nation's deficit has fallen for the past four years," Treasury Secretary Lew said. "It is now less than half of what it was when the president took office."
From the White House, NPR's Tamara Keith reports for our Newscast unit:
"The higher revenue comes from a stronger economy and tax changes agreed to as part of the fiscal cliff deal. The savings come from the automatic across-the-board spending cuts known as the sequester, fewer people using food stamps, and the drawdown of troops in Afghanistan, among other things."
If you're wondering how to interpret the numbers — or just how to talk about them in a casual, yet politically charged, setting — The Atlantic is offering its help, with its "Your Guide to Arguing About It" feature.
As you would expect, the Treasury and the Office of Management and Budget can also help. Their report includes a breakdown of revenue sources and outlays for fiscal year 2013. Among the highlights:
Individual income taxes were $1.316 trillion, $6.7 billion higher than the Mid-Session Review estimate.
Corporation income taxes were $273.5 billion, $5.2 billion lower than the MSR estimate.
Outlays for the Department of Defense were $607.8 billion.
Outlays for the Department of Health and Human Services were $886.3 billion.
"Higher wages and salaries made collections of individual and payroll taxes strong throughout the year," the agencies say.
As we reported earlier Wednesday, the Federal Reserve says it's staying the course and will not taper its bond-buying program , as it awaits more positive signs that the U.S. economy is moving forward.
This article -- http://www.forwardprogressives.com/republican-myth-debunked-u-s-deficit-actually-falls-below-1-trillion-for-first-time-since-2008/ -- also links to this article -- http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm
DeletePer the Investors article, which was at the end of November 2012:
Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.
In fact, outside of that post-WWII era, the only time the deficit has fallen faster was when the economy relapsed in 1937, turning the Great Depression into a decade-long affair.
If U.S. history offers any guide, we are already testing the speed limits of a fiscal consolidation that doesn't risk backfiring. That's why the best way to address the fiscal cliff likely is to postpone it.
While long-term deficit reduction is important and deficits remain very large by historical standards, the reality is that the government already has its foot on the brakes.
In this sense, the "fiscal cliff" metaphor is especially poor. The government doesn't need to apply the brakes with more force to avoid disaster. Rather the "cliff" is an artificial one that has sprung up because the two parties are able to agree on so little.
Hopefully, they will agree, as they did at the end of 2010, to embrace their disagreement for a bit longer. That seems a reasonably likely outcome of negotiations because the most likely alternative to a punt is a compromise (expiration of the Bush tax cuts for the top and the payroll tax cut, along with modest spending cuts) that could still push the economy into recession.
Rather than applying additional fiscal restraint now, the government needs to make sure it sets the course for steady restraint once the economy emerges further from the deep employment hole that remains. In fact, a number of so-called deficit hawks are calling for short-term tax cuts to spur growth, rather than immediate austerity.
From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.
That's just a bit faster than the 3.0 percentage point deficit improvement from 1995 to '98, but at that point, the economy had everything going for it.
Other occasions when the federal deficit contracted by much more than 1 percentage point a year have coincided with recession. Some examples include 1937, 1960 and 1969.
President Obama hasn't gotten much credit for reining in the deficit, probably because a big part of the deficit progress has come from the unwinding of extraordinary government supports that he helped put in place. Stimulus programs have come and mostly gone; the end of stimulus to states led them to enact Medicaid curbs; jobless benefits in recent months have fallen by 50% since early 2010 (due to both job gains and extended benefits being exhausted).
TARP and the bailouts of Fannie Mae and Freddie Mac also make the deficit improvement look better, boosting the fiscal '09 deficit by about $200 billion more than in fiscal '12 (though the initial cost of TARP was overstated).
Still, military spending is now on the decline due to fewer troops in Iraq and Afghanistan; Medicare costs rose 3% last year vs. the average 7% growth in recent years; and after the last year's Budget Control Act, excluding the automatic cuts set to take effect in January, nondefense discretionary spending is already on a path to shrink to 2.7% of GDP, well below the 3.9% average, notes the Center on Budget and Policy Priorities.
As you can see, all the information in the articles are from the Treasury Department and the White House budget office.
DeleteThe link from the NPR article for the Treasury Department breakdown: http://www.treasury.gov/press-center/press-releases/Pages/jl2197.aspx
DeleteThe link from the Investors article for the White House budget office historical tables: http://www.whitehouse.gov/omb/budget/Historicals/
The link from the Investors article for the Congressional Budget Office at end of 2012: http://www.cbo.gov/sites/default/files/cbofiles/attachments/43698-Nov-MBR.pdf
The link from the Investors article for the Center on Budget and Policy Priorities at end of 2012: http://www.cbpp.org/cms/index.cfm?fa=view&id=3840
Anyway, my point is that I am NOT lying.
Delete@Former Conservative, Now Liberal
DeleteIt's like Democrat Anon 2 said in his/her post at 10:19 AM. Obama could do stuff to please them and they'll still complain.
$680,000,000,000 is nothing to crow about. It's still the fifth largest deficit in US history. The first four also belong to Obama. Granted, 0.68 trillion is better than 1.4 trillion, but it's simply money we don't have and it will take generations of young Americans and Americans that haven't been born yet to pay that back ... if ever. Obama plans on running a deficit of at least 500 billion ... every year.
DeleteI'm still not sure you folks understand what the hell the deficit is. It's spending money we don't have. We borrow from other countries, or write IOU's to ourselves and print money.
If regualr people don't operate their household budgets like that why should the government?
Democrat Anon 4 here. @Former Conservative, Now Liberal - Thanks for posting that information. Excellent closing statement from the Forward Progressives article:
Deletequote -
It still amuses me that Republicans seem to only be “fiscally conservative” once their party no longer controls the White House. For eight years under George W. Bush, Republicans had near full control over our government, and did nothing more than wreck a balanced budget, run up giant deficits and double our national debt.
But now they want to pretend to act appalled at spending?
I’ll just leave them to their rhetoric. Because while they’ll continue to push the outright lie that Obama has been a president who simply throws money at everything, reality is on the side of those who know that he’s drastically reduced our deficits from the 2009 levels passed during George W. Bush’s last year in office.
-- unquote
Democrat Anon 1 here. Amen to that Democrat Anon 4! Complete hypocrits is what they are!
DeleteYou people are idiots. Not one of you has even taken the time to look at past deficits, our debt, what we spend and what we spend it on. I've given you links but you ignore them and look for any article that tells you what you want to hear.
DeleteYour only answer to everything is raise taxes on everyone.
They've give you links but you ignore them so you have no room to talk.
DeleteModerate Repub Anon here. They only want to raise taxes on people millionaires and billionaires. Millionaires and billionaires are filthy rich, so they can afford to pay their taxes.
DeleteDear "progressive woman". I've read the links and they try to paint a rosy picture of massive spending. I've linked White House budgets. They display revenue, deficits, total spending and where the spending goes along with projections. Do you agree with the spending and projections?
DeleteAll I want to know is do you believe that such massive deficit is good, and who do you think is going to pay for it? Secondly, since virtually all tax revenue goes to social programs, should we "compromise" and reduce them ... even a small percentage, or just tax and borrow more?
"Moderate Repub" ... One, stop calling yourself that. It's ridiculous. The only one you're fooling is yourself. Two, you're already getting 40% federal, state tax, property tax and various other business and local taxes from "the rich". You do understand that when the rich spend money it creates jobs and businesses right? But go right ahead ... tax them all you want. The "rich" isn't a bottomless well. Soon they'll have to tax the middle class (which they've already done with Obamacare). Believe me, they'll want more.
A side note on "the evil rich". New York City would become Detroit without the rich people spending money there. That's why Broadway thrives, that's why there are countless restaurants, high class hotels, and countless other services employed almost exclusively by "the rich". Without the money they spend everyone from dishwashers to executive chefs would be out of a job. Maids, limo drivers, security people, hotel staff, waiters, laundry, actors, clothing stores, and the list goes on and on.
DeleteIt's apparent that you people need to see what your utopia will look like, so I hope you get it. Only then will you begin to understand that your jealousy of other's success and desire for the fruit of their labor is indeed, nothing but selfish greed that in the end will kill the goose that lays the golden egg. No one will be rich and everyone will be poor.
Just like old Soviet Union comrade!
They debunk your Republican myths that Obama is a massive spender so that proves you haven't read them.
DeleteModerate Repub Anon here. I'm a moderate because I don't hold views on the far edges of the political spectrum. So, I'm not going to stop calling myself a moderate just to please you.
DeleteExactly right Progressive Woman! Another thing that proves he/she hasn't read the links - their sources of information come from the Treasury Department and the White House budget office.
DeleteExactly Former Conservative, Now Liberal!
DeleteDemocrat Anon 5 here. On the Forward Progressives link, in the comments section, a poster named suburbancuurmudgeon explains it soooooo beautifully!
DeleteProgressive woman ... what the hell are you talking about? Debunked? Maybe you didn't read the article. It even says this ...
Delete"The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 that the annual shortfall has been under $1 trillion. It represents a fall from $1.09 trillion in 2012, but as the AP reports, "It's still the fifth-largest deficit of all time." "
In each and every year Obama has borrowed and spent more than any US president. Even his lowest defict still ranks as higher than anyone else.
Can you people not understand numerical symbols? Also, can you answer my questions to you?
"Moderate Repub" ... you're not Republican, and you're not moderate. You advocate every single liberal issue, including massive spending.
Moderate Repub Anon here. Guess you never heard of Rockefeller Republicans then.
DeleteYes, it does debunk. It shows that ultra-conservatives cling to the 2008 numbers that are still below what 2013 is at, but fail to embrace the fact that 2009′s numbers, while tagged to President Obama, were passed by George W. Bush. So the fact is, spending is down under President Obama.
DeleteDemocrat Anon 1 here. He/she mentioned about projections. Projections are just projections. They are based on a lot of “ifs.”
DeleteDemocrat Anon 2 here. @Moderate Repub Anon. I've always been a Blue Dog Democrat. If it makes you feel any better, the ultra-left calls us DINOs.
DeleteModerate Repub Anon here. Thanks for the Democrat Anon 2.
DeleteExactly right Progressive Woman!
DeleteDemocrat Anon 5 here. I second that Former Conservative, Now Liberal.
DeleteDemocrat Anon 1 here. @Progressive Woman - It's like I said before. They are hypocrits.
DeleteDemocrat Anon 2 here. @Democrat Anon 1 - It's like I said below. Even if Obama fixed every little thing they continuously whine about, they will still be negative about him.
DeleteThis is like talking to people who refuse to accept the earth is round.
DeleteDemocrats took Congress in 2007. They wrote the spending bills. If you look at Bush's actual proposed budget deficit spending was slated to be 407 billion.
http://www.gpo.gov/fdsys/pkg/BUDGET-2009-BUD/pdf/BUDGET-2009-BUD-31.pdf
Democrats rejected his budget and never passed one.
Instead, democrats passed a 410 billion omnibus spending bill in March 2009, the 1.1 trillion "stimulus" bill and another 447 billion omnibus spending bill in December 2009.
Also, you keep harping on 2009 but ignore his other years which are also higher than any past president.
I'm not defending Bush, I'm just giving you numbers.
AnonBorg1:
DeleteYes projections are just projections BUT LOOK AT THEM. Look at the projected revenue. It's a fantasy. Using those fantastical revenue projections they project lower deficit spending. It'll never happen in this anti-business climate, especially now that Obamacare is draining more money from individuals, small businesses and the taxpayer.
LOL! Always love it when they try to blame everything on the Democrats. What about those two unfunded wars that were started LONG before the democrats controlled the senate?
DeleteDemocrat Anon 3 coming out of the woodwork briefly. Exactly right Former Conservative, Now Liberal! Bush passed all of the eight years of war debt onto the next president in 2008. It would not have mattered who was in office. That president was going to be getting a ream job right from the start. Now back into the woodwork.
DeleteA comprehensive look at how, even in the age of austerity, the military budget remains as bloated as ever.
Deletehttp://www.motherjones.com/politics/2013/12/pentagon-budget-deal-charts-cuts
Democrat Anon 4 here. As the lyrics of this John Denver song so wisely says...
DeleteWhat are we making weapons for
Why keep on feeding the war machine
We take it right out of the mouths of our babies
Take it away from the hands of the poor
Tell me, what are we making weapons for
http://www.lyricsdepot.com/john-denver/let-us-begin-what-are-we-making-weapons-for.html
@Democrat Anon 3. I can guarantee you that if Bomb Bomb Iran McCain/Half Governor Caribou Barbie Palin went in then they would be eerily silent, just like they were silent when Saint Trickle Down Economics (what a joke!) Reagan/Papa Bush tripled the debt. That's why I can't take them seriously.
DeleteAnd speaking of Obamacare, Marco Rubio, Rand Paul, and Paul Ryan have signed up for Obamacare.They must secretly like it. LOL!
Deletehttp://www.huffingtonpost.com/2013/12/11/marco-rubio-obamacare_n_4425732.html
LOL! Thanks for the Former Conservative, Now Liberal. If Congressional hypocrisy were currency, we wouldn't have a national debt! LOL!
DeleteDemocrat Anon 1 here. A cousin of mine who hasn't liked Obama went on Obamacare recently. His insurance is much cheaper now than before Obamacare.
DeleteDemocrat Anon 5 here. @Democrat Anon 1 - It's like I tell my kids. You never know you're going to like something until you try it.
DeleteProgressive woman: Please, "age of austerity"???? Please show me the massive cuts to entitlements. Show me any cuts at all.
DeleteYou people are idiots who simply cannot reply to whatever I post.
Secondly, you could get rid of the military and still not have enough money.
2013 spending:
0.9 trillion social security
0.9 trillion health care
0.4 trillion welfare
total: 2.2 trillion
Defense budget 0.8 trillion.
Total 2013 spending 3.5 trillion
Also, I thought you people loved government jobs. That's what the Defense Department is, a gigantic government job. Get rid of it then. Use the Pentagon for public housing where people can hang out, drink, screw, get high and collect government checks. Utopia!!!!
China will love you.
As for the "Former Conservative, Now Liberal" moron ... "unfunded" means not provided with funds, not financed. Hey, maybe we could have "unfunded" welfare!
As for the other moron AnonBorg 3, your fellow comrades (aka democrats) voted for Iraq and Afghanistan. In fact Obama is STILL IN AFGHANISTAN. He also wanted to start wars in Libya and Syria. He's using drones to kill people all over the world. In fact he sounds more and more like a typical war mongering democrat.
WWI - Woodrow Wilson (D)
WWII - FDR (D)
Korea - Truman (D)
Vietnam - Kennedy (D)
Bosnia - Clinton (D)
The only wars ever started by a Republican were Desert Storm, Iraq and Afghanistan. How much "unfunded" money went to those democrat wars?
In summary, you people are idiots. Your children will hate you, your grandchildren will hate you. All successive generations will hate you. Your only goal is to get free stuff regardless of how destructive socialism is. You are well on your way to killing the freest country the world has ever seen.
You are all members of the Leftwing Free Stuff Army (FSA) ...
LOL @ the Joe McCarthy wannabe! I now know where I can come for some humor to brighten my day!
DeleteHaha! Good one Progressive Woman! As for ignoring him/her, his/her nonsense is not worth replying to.
DeleteThat's because you can't reply, which isn't unusual as liberals are generally uninformed and unable to do basic research or answer simple questions.
DeleteAs for "progressive woman" ... show me the austerity cuts please.
Maybe you should be called "Lying woman", or "woman who knows nothing", or Maybe "Free stuff woman", or maybe "Propaganda woman". I know! "Regressive woman". Taking us back to a time before the US when the people had little or no power and were left to the whims of the ruling class. Ah those were the days ...
Yeah, that's it ... Regressive woman.
Democran Anon 2 here. Right on Progressive Woman! Sock it to 'em!
DeleteDemocrat Anon 2 here. Exactly right Former Conservative, Now Liberal! President Obama could reduce the national debt to zero and fix every little thing the GOTeabaggers whine about every day and they still will NEVER EVER have anything positive to say about him!
ReplyDeleteExactly, even if he cut taxes to zero they'd still think it was a trick to DESTROY AMERICA.
DeleteI second that Democrat Anon 2!
ReplyDeleteNew Gallup poll shows the Teabaggers favorability has fallen to its lowest level ever. http://www.gallup.com/poll/166217/tea-party-favorability-falls-lowest-yet.aspx
ReplyDeleteExcellent news! Thanks for that!
DeleteThanks FCNL that's great news...
DeleteExcerpt-
Tea Party Favorability Falls to Lowest Yet
Fifty-one percent view it unfavorably
by Joy Wilke
PRINCETON, NJ -- For the first time, a slim majority of Americans say they have an unfavorable opinion of the Tea Party movement. About one-third view the movement favorably, a new low. A smaller percentage, 22%, in a separate question identify themselves as supporters of the movement, while 24% describe themselves as opponents. Nearly half (48%) are neutral.
Even more good news. New Pew poll shows Americans favor Democrats.
ReplyDeletehttp://www.politicususa.com/2013/12/13/usa-todaypew-poll-shows-democrats-advantage-2014-elections.html
Yah, great news! Thanks FCNL. I've excerpted and linked to it as my post today. Good to have something to put up, holidays have me off of my writing rhythm...Chip
DeleteDemocrat Anon 2 here. Thanks for posting that Former Conservative, Now Liberal.
ReplyDeleteThanks for that Former Conservative, Now Liberal. The Teapublicans are threatening to hold the debt ceiling hostage yet again -- http://www.politicususa.com/2013/12/15/paul-ryan-threatens-president-obama-america-debt-limit.html -- All the more reason for Democrats to take back the House in 2014!
ReplyDeleteDemocrat Anon 1 here. Thanks for posting that Progressive Woman. I wonder how Paul Ryan would feel if he and his cronies at the Capitol were surrounded by bus loads of millions of retirees and not able to leave his office? I can see that happening if he tries to mess with Social Security. That money is not the Congress’s to do with as they see fit. It is our money that we paid into all our years of employment, to be disbursed when that individual reaches 62 or older.
ReplyDeleteDemocrat Anon 4 here. I second that Democrat Anon 1. Goes to show the GOTea can't be trusted for a split second.
ReplyDeleteConsidering that their jobs are on the line, I hope they foolishly go through with their plan. LOL!
ReplyDeleteI think Democrats will take the house back in 2014 and keep the Senate. This is an historic presidency already! Exciting times....peace...
ReplyDeleteSenate Advances Budget Deal
ReplyDeleteS W E E T !
Two-Year Budget Plan All but Ends Threat of Another Government Shutdown!
WSJ-
http://online.wsj.com/news/articles/SB10001424052702303949504579264010465380046
Excellent news! Mark Herring has won the recount in Virginia!
ReplyDeletehttp://www.politicususa.com/2013/12/18/top-offices-held-democrats-virginia-obenshain-concedes-ag-race.html
Democrat Anon 1 here. Thanks for the Progressive Woman.
ReplyDeleteHere is an excellent piece regarding the debt. http://pleasecutthecrap.com/for-all-of-their-whining-youd-never-guess-gop-is-responsible-for-most-of-the-debt/
You're very welcome Democrat Anon 1. And thanks for your piece as well.
ReplyDeleteDemocrat Anon 1 here. You're very welcome Progressive Woman.
ReplyDeleteEconomists agree with the Democrats that the GOP is hurting the economy.
ReplyDeletehttp://www.politicususa.com/2013/12/18/economists-agree-democrats-gop-hurting-economy-promoting-income-inequality.html
Thanks for that Former Conservative Now Liberal
ReplyDeleteYou're very welcome.
ReplyDeleteBetween 1940-80 the wealthiest Americans paid between 70% to 90% federal income tax and that's what allowed us to build the American Dream. How else could we afford it? Between 1940-80 we fought and paid for WWII, Korean War, Vietnam War, we built our US Interstate Expressway system, Roads, Electrical Grid, Telephone, our main Bridges and Tunnels; we Made every Car we Drove and we wore just the Clothes we Sewed and WE WENT TO THE MOON SIX TIMES-AND WE PAID FOR IT ALL! Here's the link. Go to section 21.5 and Get out ye encyclopedias... TRUTH:http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#1930_-_1980
ReplyDelete"How else could we afford it?"
ReplyDeleteWell for starters we weren't spending almost all tax revenue on social programs.
1940:
Tax revenue - 7.0 billion
Social programs - 0.8 billion
1950:
Tax revenue - 43.5 billion
Social programs - 4.4 billion
1960:
Tax revenue - 99.8 billion
Social programs - 27.8 billion
1970:
Tax revenue - 192.8 billion
Social programs - 49.6 billion
1980:
Tax revenue - 517.1 billion
Social programs - 244.6 billion
1990:
Tax revenue - 1.03 trillion
Social programs - 519.5 billion
2000:
Tax revenue - 2.03 trillion
Social programs - 1.6 trillion
2010:
Tax revenue - 2.16 trillion
Social programs - 2.07 trillion
Starting to understand?
No replies? I guess everyone thinks spending all our revenue on social programs and borrowing the rest is a great idea.
DeleteStill no replies from the Borg? Perhaps the Mothership is confused by numbers.
DeleteComing out of the woodwork. In the last conversation I read between you and them, they decided to ignore you. You weren't worth talking to. Trying to talk to you has become a waste of their time. Now back into the woodwork.
DeleteIf you're really pragmatic then you must have some opinion on the numbers I posted. Is it good policy to spend virtually all tax revenue on social programs while having to borrow the rest to pay for everything else?
DeleteTaxing the "evil rich" will only get a small amount more. The only other source of revenue is the middle class.
Coming out of the woodwork to say this:
DeleteThe wealthy have had the GOP to do their bidding for as long as I have been alive (born in 1973). I have watched them try again and again to reverse the progress the middle class has made since the end of WWII. They have been working to dismantle FDR’s new deal since it began, and morons living in this country, who live a comfortable life thanks to FDR’s plan for the people want to cut the legacy from the lives of their children. Gradually, the benefits we enjoy have dwindled away. Both spouses work to stay afloat. Kids are denied a well rounded education, with standards that fall way behind countries like Finland, and Sweden. When they finish public school they are faced with burdening debt for their families and themselves with a job market of “good luck.”
The wealthy have been very successful in robbing us of our prosperity. But that 60+ foot yacht is more than 10 years old, and by golly I need a new one! Greed and corruption has utterly ruined our government.
Now back into the woodwork.
You didn't answer my question.
DeleteHowever, I am interested to know exactly how the wealthy rob us of our prosperity. Please explain.
First of all, welcome to the forum Pragmatic Progressive. Second, very well said! The Glenn Frey song, “I’ve Got Mine”, is the perfect theme song for the GOTea!
DeleteLyrics: http://www.metrolyrics.com/ive-got-mine-lyrics-glenn-frey.htm
Coming out of the woodwork to say:
DeleteThanks Progressive Woman! And oh so true!
Now back into the woodwork.
The link had a typo. Here's the corrected link: www.metrolyrics.com/ive-got-mine-lyrics-glenn-frey.html
DeleteAnyway, you're very welcome Pragmatic Progressive.
Thumbs up to you Pragmatic Progressive!
DeleteAs usual, "progressives" can't answer simple questions.
DeleteYou people have been so brainwashed with propaganda you don't even think. FDR's "New Deal" hasn't been dismantled ... it's grown to monstrous proportions, gobbling up all the money it can find. There will never be enough money to feed the beast.
I find it odd how progressives always accuse the "evil rich" of being greedy yet progressives are the ones that never stop taking the fruits of labor from people. You always want more, and more, and more. You don't produce anything, you just take.
Go ahead and destroy the wealthy. Take everything they have. Take all their money. After all, the top 10% of earners only pay 70% of all taxes, and it's their penchant to buy yachts, and other items of luxury that provide employment for millions of people.
Go ahead progressive, you want utopia, take it. We'll all be poor and no one will be rich. Then you'll be happy.
By the way, it would be nice if you answered my simple questions.
Exactly right Pragmatic Progressive! Yes, there are "takers" in the American economy, but they're not the poor folks Mitt Romney referenced in his now-infamous "47 percent" comments. Instead, those takers look a lot more like Romney himself, and his $50,000-a-plate campaign donors.
DeleteWell said Extreme Liberal! He can rant all he wants but we know that reality is on our side! Goodnight all!
DeleteYeah! And it's not alternate reality either! Goodnight!
Delete"The wealthy have had the GOP to do their bidding for as long as I have been alive (born in 1973)".
DeleteI decided to look at who controlled Congress since you think the GOP apparently does the bidding of the wealthy.
Democrats controlled the entire Congress (both House and Senate) from 1955 to1980. Republicans controlled the Senate for a short time from 1981 to 1986. After that democrats regained control of Congress from 1987 to 1994 ... and again from 2007 to 2010. Presidents have gone back and forth from R to D and back.
In the period from 1955 to 2013 Republicans have controlled Congress for a total of ten years. Democrats have controlled Congress for 37 years. Congress was shared for 11 years.
You might want to rethink your theory.
I am preparing to leave on a trip to visit family for the holidays. Before I go I'll say this: Right on Extreme Liberal and FCNL! The Regressive Anon's rants show he has no empathy for those less fortunate than him.
DeleteI'm getting ready to head off as well but first I'll say this: Exactly right Progressive Woman! Regressive Anon may be well off now but he never knows when he might be in a situation where he might need some government service he constantly whines about. He should be thankful that many developed countries have safety nets for their most vulnerable citizens.
DeleteI'm getting ready to head off too but first I'll say: Very well said FCNL! Happy Holidays everyone! Goodbye!
DeleteComing out of the woodwork to say: Very well said FCNL and Happy Holidays and safe travels to everyone! Now back into the woodwork.
DeleteDemocrat Anon 3 stopping by briefly to say: Very well said FCNL! My hair stylist has been suffering from chronic neck and back pain. Surgery and therapy haven't helped. She had to recently close her business and go on disability because of the pain. She is just one example of many millions of Americans the Regressive Scrooge Republicans will hurt if they ever dismantle the social safety net. That's why I, for as long as I am able to do so, will fight these heartless Rethuglicans! Good day and Happy Holidays and safe travels to everyone!
DeleteGood to see people are finally waking up! Americans are rejecting trickle down economics!
ReplyDeletehttp://www.politicususa.com/2013/12/19/polls-show-american-people-soundly-rejected-trickle-down-economics.html
YAAAY
DeleteDemocrat Anon 5 here. Good! Thanks for that excellent news Former Conservative Now Liberal!
ReplyDeleteYou're very welcome Democrat Anon 5. Good night.
ReplyDelete