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What The GOP Doesn't Want You To Know About The Deficit : Swingers Discussion 212383
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FORUMSGeneral DiscussionsPoliticsWhat The GOP Doesn't Want You To Know About The Deficit
TOPIC: What The GOP Doesn't Want You To Know About The Deficit
Created by: TheGhost_and_MrsMuir
Original Starting post for this thread:
Most of the Deficit is Because of This Recession The deficit has ballooned not because of specific spending measures, but because of the recession. The deficit more than doubled between 2008 and 2009, as the economy was in free fall, since laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.

http :// research.stlouisfed.o rg/fred2/graph/?s[1][id]=FYFSD ___________________

The Stimulus Cost Much Less Than Bush's Wars, Tax Cuts Republicans frequently have blamed the $787 billion stimulus for the national debt, but, when all government spending is taken into account, the stimulus frankly wasn't that big. In contrast, the U.S. will have spent nearly $4 trillion on wars in the Middle East by the time those conflicts end, according to a recent report by Brown University. The Bush tax cuts have cost nearly $1.3 trillion over 10 years w w w .washingtonpost.c om/blogs/fact-checker/post/revisiting-the-cost-of-the-bush-tax-cuts/2011/05/09/AFxTFtbG_blog.h tml ---------------------------------------

The Deficit Grew Under George W. Bush When George W. Bush took office, the federal government was running a surplus of $86 billion a year. When he left, that had turned into a $642 billion deficit. Per year. w w w .whitehouse.g ov/omb/budget/Historicals --------------------------

The Deficit Is Shrinking Under Obama Last year's federal budget deficit was 12 percent lower than in 2009, according to the Office of Management and Budget.The deficit is projected to shrink even more over the next several years. w w w .whitehouse.g ov/omb/budget/Historicals -----------------------------

Investors Are Paying Us To Borrow Money The interest rate on 10-year Treasury bonds is negative, according to the Treasury Department. Investors are even paying us for 30-year Treasury bonds, when adjusted for inflation. w w w.treasury.g ov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield -------------------------------

That's a start, there's lot's more for later.....

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Minimium Tax on the Wealthy [November 26, 2012]

In an editorial for the New York Times, investor suggests 'plain and simple' minimum tax rate of 30 percent for millionaires.

Warren Buffett, the legendary investor who changed the debate about U.S. tax reform in 2011 with a call for the rich to pay more, is now calling for minimum tax rates for millionaires.

In a New York Times editorial printed Monday, Buffett suggested Congress move immediately to implement minimum taxes of 30 percent on incomes of $1 million to $10 million and 35 percent above that.

"A plain and simple rule like that will block the efforts of lobbyists, lawyers and contribution-hungry legislators to keep the ultra rich paying rates well below those incurred by people with income just a tiny fraction of ours," Buffett wrote.

"Only a minimum tax on very high incomes will prevent the stated tax rate from being eviscerated by these warriors for the wealthy," he added.

{It takes a Buffett to publicly throwdown a Norquist.}

Treasure Is FL
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The U.S. Is Borrowing Less From China The U.S. government is borrowing much less from foreign countries than before the recession, according to government data cited by Paul Krugman. That is because the U.S. private sector is financing our bigger deficits. http ://krugman.blogs.nytimes.c om/2012/08/30/fear-of-china-syndrome/

East Fishkill NY
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Let me guess....Lucky is deflecting and dodging....

lol

What happened to 'your boy is going down' lucky?

Face it, you are uneducated and desperately trying to seem smart here but you stuff your foot down your throat all the time...

At least it's entertaining.

East Fishkill NY
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He has me blocked, did he copy and repost what I wrote? LMAO Obsess much? If you wanted to know what I was writing and if what i write is bothersome why did you block me?

Come January 1st? you better wake the fuck up. For all of the blaming Obama did, he sure did like at least one of Bush's policies. 4 Years of riding on Bush's Coat tail sure is gratifying isn't it? Wait till you get a taste of Obama. You asked for it you got it. You might as well contact that Lawyer for when you file for Bankruptcy. I figure your fake Business will fail by June.

Imperial MO
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Health Care Reform Reduces The Deficit Republicans have blasted the Affordable Care Act as "budget-busting." But health care reform actually reduces the deficit, according to the Congressional Budget Office. w w w .huffingtonpost.c om/2012/09/04/republican-platform-2012-factual-mistakes_n_1840795.html#slide=1461142

East Fishkill NY
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Investors Are Not Running Away Conservative commentators have been warning for years that investors will run away from Treasury bonds because of the national debt. So far it's not happening. Interest rates on Treasury bonds continue to hover at historic lows. w w w.huffingtonpost.c om/2012/05/30/treasury-yield-record-low_n_1555975.html

East Fishkill NY
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"The Reduction of Deficit has nothing to do with the reduction of Debt."

If you do not have a deficit, you are paying down your debt with the excess. That is what Clinton achieved and Bush squandered. ---------------------------------------------- "The Debt continues to grow. Cut Spending and raise revenue reduces debt.'

No, cutting spending and raising revenue reduced the deficit. Reducing debt is a decision and involves actually governing instead of obstructing as the Republicans have done up until now.

The point here is simple if you choose to actually see it; The recession is the REASON for all of these problems from deficit to debt. END THE RECESSION, eliminate the Bush tax cuts and you end the fiscal problems in most ways.

I have little confidence in the Republicans actually being able to do this, they don't have the patriotic capacity to see beyond their own partisan noses, and neither do you it seems...

"Tax increase in in your future be aware of the wolf in sheeps clothing."

It's actually a sunsetting of a tax cut that was proposed as a TEMPORARY tax break and then extended for BOTH the middle class and wealthy via blackmail by the GOP, get your rhetoric, as thin as it is, straight...

East Fishkill NY
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The Reduction of Deficit has nothing to do with the reduction of Debt. The Debt continues to grow. Cut Spending and raise revenue reduces debt. Tax increase in in your future be aware of the wolf in sheeps clothing.

Imperial MO
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Most of the Deficit is Because of This Recession The deficit has ballooned not because of specific spending measures, but because of the recession. The deficit more than doubled between 2008 and 2009, as the economy was in free fall, since laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.

http :// research.stlouisfed.o rg/fred2/graph/?s[1][id]=FYFSD ___________________

The Stimulus Cost Much Less Than Bush's Wars, Tax Cuts Republicans frequently have blamed the $787 billion stimulus for the national debt, but, when all government spending is taken into account, the stimulus frankly wasn't that big. In contrast, the U.S. will have spent nearly $4 trillion on wars in the Middle East by the time those conflicts end, according to a recent report by Brown University. The Bush tax cuts have cost nearly $1.3 trillion over 10 years w w w .washingtonpost.c om/blogs/fact-checker/post/revisiting-the-cost-of-the-bush-tax-cuts/2011/05/09/AFxTFtbG_blog.h tml ---------------------------------------

The Deficit Grew Under George W. Bush When George W. Bush took office, the federal government was running a surplus of $86 billion a year. When he left, that had turned into a $642 billion deficit. Per year. w w w .whitehouse.g ov/omb/budget/Historicals --------------------------

The Deficit Is Shrinking Under Obama Last year's federal budget deficit was 12 percent lower than in 2009, according to the Office of Management and Budget.The deficit is projected to shrink even more over the next several years. w w w .whitehouse.g ov/omb/budget/Historicals -----------------------------

Investors Are Paying Us To Borrow Money The interest rate on 10-year Treasury bonds is negative, according to the Treasury Department. Investors are even paying us for 30-year Treasury bonds, when adjusted for inflation. w w w.treasury.g ov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield -------------------------------

That's a start, there's lot's more for later.....

East Fishkill NY
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TOPIC: What The GOP Doesn't Want You To Know About The Deficit