Lets Give the Democrats what they Want

[head of joaquin]

Nothing wrong with groups and social interaction, it is government where I draw the line.

And that's because you don't like democracy and nation's engaging in self-determination?

 

[Master PO]

https://www.youtube.com/watch?feature=player_detailpage&v=u24nH03NccI

why taxing more will not work,....government spending must be cut.

 

[Master PO]

Yes, yes, the competition claim. Today we are a much bigger economy than in 1945, so we don't have to grow at 6% to get large amounts of new tax revenues. We have a GDP of about $14T. Even small growth sustained over a period of time results in big revenues. The sky is not falling. We can grow out of debt. We always have.

the u.s. tax revenues amount to around 2.3 trillion dollars a year, america spends 3.6 trillion, leaving a deficit of 1.3 trillion.

america borrows 43 cents out of every dollars it spends, and it spends 10 billion a day.

today our national debt is 16.2 trillion, and the prediction of government over spending for the next 4 years will be over 1 trillion a year.

by 2016 our national debt WILL BE 20 TO 21 TRILLION DOLLARS, interest rates are rock bottom right now, and they have been that way for a few years now.

they will not stay rock bottom for ever, they are going to go up, in 2011 america paid 359 billion of interest on the debt.

out of the 3.6 trillion government spends last year on everything they controls :

its spends about 1.8 trillion on entitlement programs, and 1. 4 on discretionary spending (government operation and military)

and rest goes towards interest on the national debt about 350 to 400 billion a year.

since america HAS TO pay the interest on the debt, and as the debt grows and interest rises, this will increase interest payments. by 2016 we could be looking at 1 trillion dollars interest payments when the rates go higher.

if that happens where will america get the money........neo -conservatives do not wish to cut military spending....and liberals do not wish to cut entitlements, or cut government.

where will the money come from?

increasing taxes slows the economy, and regulation hurts the creation of business, how does america get new revenue when the things government is doing is hurting American growth?

 

[Master PO]

And that's because you don't like democracy and nation's engaging in self-determination?

i don't like democracy like the foundering fathers, because people of not restrained by law, will create for themselves everything they wish, goods /services, and take away rights of other people.

in essence the society bankrupts itself, and becomes tyrannical.

 

[Cardinal Fang]

Yea too bad we can't enjoy the Greek lifestyle. Don't worry it won't be much longer now.

LOL! There is absolutely no comparison between the US and Greece. None at all. By passing on this ignorant reference, you only confirm a complete misunderstanding of both their situation and ours. With a crummy 20% of the Social Security surplus, we could instantly turn Greece into one of the world's few debt-free nations. Greece's problems are at their core EU administrative problems. That's all.

 

[Cardinal Fang]

Yea and it is also the last thing they do, look up "Collapsed Civilizations", for a long list of them.

Hey, there's a new entry...TEA Party...how 'bout that!

 

[Master PO]

LOL! There is absolutely no comparison between the US and Greece. None at all. By passing on this ignorant reference, you only confirm a complete misunderstanding of both their situation and ours. With a crummy 20% of the Social Security surplus, we could instantly turn Greece into one of the world's few debt-free nations. Greece's problems are at their core EU administrative problems. That's all.

what SS surplus......its running a deficit of the last year of 45 billion.

don't forget, that your SS taxes have been cut for the last few years, instead of the 6.2 SS tax rate you have been paying 3.1, which will disappear, after January 1

Greece is socialist and have been for a very very long time, and they have almost no revenue generation, as they (continued) to give people more and more benefits, you could retire at 50 in Greece, and still collect what you worked for.

that is why they are broke.

 

[Cardinal Fang]

do you work for government and cook the books like them?

Way to buff up that reputation, Ernst. Nobody will think of you as a whacko after that.

dollars are paper, just like a piece paper of a note pad. money has to be back up with something today its only backed by America's WORD, if you continue to have more and more of that money in circulation it becomes just like the --------->note paper...WORTHLESS.

As always, money is worth what it can be exchanged for. In this case, US dollars are backed by the real goods and servcies produced in the US economy. That's not chump change. It happens to be about 22% of everything that is produced anywhere in the world. As long as we continue to produce anything like such a huge share of total global output, the dollar will be a strong currency, one that is broadly and highly valued all around the world. Your worm-ridden right-wing theories won't change one jot of that.

try reading about the Wiemar republic, and their attempts to keep printing money, look at the pictures of people getting pay in billions of German marks, and only being able to buy a loaf of bread-------know has hyper- inflation

Yeah, yeah, yeah, and Zimbabwe and Argentina too. Got anything else? Here's a hint: Hyperinflation occurs when the productive capacity of a country is damaged in some way and there is an available outlet from the home country currency into that of another country whose productive capacity has not been damaged. How much of that scenario applies to the US? None at all? That's right! Which is why posts about how hyperinflation is coming to the USA are a complete and total joke.

as to your claim ,which is FALSE of america paying 4 billion is interest ...

LOL!!! Don't you mean "about $4 billion (1.1%) less than it was in 1998"??? That's a rather different thing, isn't it. If you can't even read this stuff, how in heck are you ever going to learn anything from it?

......try looking at this link which shows america interest it paying...........

LOL!!! You didn't realize that these are the very same data!!! They only do what they have done since the fiscal years ended...confirm that interest on the public debt last year was about $4 billion (1.1%) less than it was in 1998. And about $92 billion (21.2%) less than it was in 2008.

 

[Cardinal Fang]

why taxing more will not work,....government spending must be cut.

Ah, a pinch-hitter! Do you think a guy on YouTube who makes no sense is somehow more convincing than a guy on DP who makes no sense?

 

[Master PO]

Way to buff up that reputation, Ernst. Nobody will think of you as a whacko after that.


As always, money is worth what it can be exchanged for. In this case, US dollars are backed by the real goods and servcies produced in the US economy. That's not chump change. It happens to be about 22% of everything that is produced anywhere in the world. As long as we continue to produce anything like such a huge share of total global output, the dollar will be a strong currency, one that is broadly and highly valued all around the world. Your worm-ridden right-wing theories won't change one jot of that.


Yeah, yeah, yeah, and Zimbabwe and Argentina too. Got anything else? Here's a hint: Hyperinflation occurs when the productive capacity of a country is damaged in some way and there is an available outlet from the home country currency into that of another country whose productive capacity has not been damaged. How much of that scenario applies to the US? None at all? That's right! Which is why posts about how hyperinflation is coming to the USA are a complete and total joke.


LOL!!! Don't you mean "about $4 billion (1.1%) less than it was in 1998"??? That's a rather different thing, isn't it. If you can't even read this stuff, how in heck are you ever going to learn anything from it?


LOL!!! You didn't realize that these are the very same data!!! They only do what they have done since the fiscal years ended...confirm that interest on the public debt last year was about $4 billion (1.1%) less than it was in 1998. And about $92 billion (21.2%) less than it was in 2008.

money is paper, ,it needs backing with something, the more money you created the less the value it has.........simple principle, the more you have the less it is worth, the less you have the more its worth.

before 1913, and the federal reserve the u.s. dollar was worth $1.08.

today it as a value of 0.03 cents.

as of 2008 it took $21.57, to equal the value of the dollar of 1913.

so DO we have problem understanding one another...

the USA, ---------------->pays ( 359 ) billion a year in interest on the national debt....

do you agree or disagree, if you disagree, show me your evidence.

 

[Master PO]

Ah, a pinch-hitter! Do you think a guy on YouTube who makes no sense is somehow more convincing than a guy on DP who makes no sense?

he is simply saying, no matter how much you tax, you cannot stop out of control government spending, government must reduce its spending.

if america took 100 % of all the rich in america money and property, it would add up to about 1.7 trillion dollars.

that would run the government for 170 days, then what would you do, after you have take all of their wealth?

 

[Cardinal Fang]

the u.s. tax revenues amount to around 2.3 trillion dollars a year, america spends 3.6 trillion, leaving a deficit of 1.3 trillion.

That should be $2,449 billion, $3,538 billion, and $1,089 billion.

america borrows 43 cents out of every dollars it spends, and it spends 10 billion a day.

That should be 31 cents out of every dollar, and $9.69 billion spent per day.

 

[Master PO]

That should be $2,449 billion, $3,538 billion, and $1,089 billion.

we don't say thousand of billions,...... its trillions.

who says, "the government owes 16 thousand 200 billion dollars in debt"nobody, its 16.2 trillion dollars of debt.

That should be 31 cents out of every dollar, and $9.69 billion spent per day.

U.S. Borrows 43 Cents of Every Dollar Spent in 2011

Chart: U.S. Borrows 43 Cents of Every Dollar Spent in 2011 | Wise Republic

http://burr.senate.gov/public/index...Issue_id=29d25709-9d65-558f-4933-12297bd574f2

Charticle: U.S. borrows 43 cents of every dollar it spends | WashingtonExaminer.com

Print - Letters To The Editor

 

[Cardinal Fang]

what SS surplus......its running a deficit of the last year of 45 billion.

LOL!!! The SS surplus at the end of October was equal to $2,708,810 million. Wake up and smell the coffee.

don't forget, that your SS taxes have been cut for the last few years, instead of the 6.2 SS tax rate you have been paying 3.1, which will disappear, after January 1

In 2011 and 2012, the reduction was from 6.2% to 4.2%, and absent other action, it will go back up to 6.2% after the first of the year. Keep in mind that the SS Trust Fund is made whole for all the money that it does not collect as a result of the 2% payroll tax holiday by checks drawn against the Treasury General Fund.

Greece is socialist and have been for a very very long time, and they have almost no revenue generation, as they (continued) to give people more and more benefits, you could retire at 50 in Greece, and still collect what you worked for.

Sounds a little like the US military.

that is why they are broke.

They aren't broke. They don't have their own currency. They have had to depend on idiots to do the hard work for them, and those have done a lousy job at it. Chief culprits have been Sarkhozy and Merkel. Two ultra-shortsighted conservatives.

 

[Master PO]

LOL!!! The SS surplus at the end of October was equal to $2,708,810 million. Wake up and smell the coffee.


In 2011 and 2012, the reduction was from 6.2% to 4.2%, and absent other action, it will go back up to 6.2% after the first of the year. Keep in mind that the SS Trust Fund is made whole for all the money that it does not collect as a result of the 2% payroll tax holiday by checks drawn against the Treasury General Fund.


Sounds a little like the US military.


They aren't broke. They don't have their own currency. They have had to depend on idiots to do the hard work for them, and those have done a lousy job at it. Chief culprits have been Sarkhozy and Merkel. Two ultra-shortsighted conservatives.

how does the SS have a surplus, since in reality their is no trust fund, all money goes into the general fund, and outlays for SS were more than they bring in..........show me you evidence?

 

[Cardinal Fang]

before 1913, and the federal reserve the u.s. dollar was worth $1.08. today it as a value of 0.03 cents.

Don't you get tired of copying and pasting long ago discredited talking points? Your three cents is the result of stuffing a dollar under a mattress and leaving it there for a hundred years. Is that a good investment plan? What would it have been worth if it had been invested in say Treasury securities for a century or so? Would it be three cents?

as of 2008 it took $21.57, to equal the value of the dollar of 1913.

LOL! Then a 1913 dollar is actually worth 4.64 cents today, not 3 cents.

so DO we have problem understanding one another...the USA, ---------------->pays ( 359 ) billion a year in interest on the national debt....do you agree or disagree, if you disagree, show me your evidence.

You are humuliating yourself, but I'll help out by posting this. By the way, the $359 billion is gross interest outlays. The actual figure for net interest payments during the year would be around $220 billion.

 

[Cardinal Fang]

he is simply saying, no matter how much you tax, you cannot stop out of control government spending, government must reduce its spending.

As I said - it doesn't make any sense no matter where it is said.

if america took 100 % of all the rich in america money and property, it would add up to about 1.7 trillion dollars.

No, that would be the ANNUAL INCOME of the top 1%.

that would run the government for 170 days, then what would you do, after you have take all of their wealth?

Hmmm. The floor for being in the top 1% by WEALTH is around $8.4 million. There are about 1.4 million people in that top 1%. So even if we assume that all 1.4 million have wealth of only that $8.4 million, their combined wealth would still be $11.8 trillion, more than enough to pay off the entire debt held by the public. Let's do it!!!

 

[Cardinal Fang]

we don't say thousand of billions,...... its trillions.

Your data are all wrong, Ernst. It doesn't matter what sort of units they are stated in. They are still wrong. All of them, it would seem.

And by the way, these data are printed to be read, not spoken. Hence the more signficant digits you can display wihout causing confusion, the better. The GDP tables for instance are in millions of dollars, meaning that the current 2012-III entry is 15,775.7. Maybe drop a line to BEA and tell them they are doing it wrong.

 

[Master PO]

Your data are all wrong, Ernst. It doesn't matter what sort of units they are stated in. They are still wrong. All of them, it would seem.

And by the way, these data are printed to be read, not spoken. Hence the more signficant digits you can display wihout causing confusion, the better. The GDP tables for instance are in millions of dollars, meaning that the current 2012-III entry is 15,775.7. Maybe drop a line to BEA and tell them they are doing it wrong.

no my figures are not wrong......have you presented any evidence to the contrary...no.

 

[Cardinal Fang]

how does the SS have a surplus, since in reality their is no trust fund, all money goes into the general fund, and outlays for SS were more than they bring in..........show me you evidence?

SS has a surplus because the 1983 revisions increased payroll tax rates to well above the actuarial level needed to meet current payment obligations going forward. The resulting excess has since then been accumulating in the SS Trust Fund, waiting to be drawn down to assist in paying the retirement benefits of the baby boomers so that the workers of that day do not have to bear that burden by themselves. In nearly 30 years, the surplus has grown to more than $2.7 trillion.

The SS Trust Fund will not need these funds for many years. It is incumbent upon them, as upon any trustee, to invest unneeded funds in order to earn a competitive market-based rate of return. As it's primary investment criterion is conservation of principal, SSTF surpluses are invested in the safest, most secure investment vehicle in the history of the world -- US Treasury securities. As of the end of October, these comprised a laddered series of bonds maturing between 2012 and 2027 and carrying an average interest rate of 3.91%.

 

[LiberalAvenger]

i don't like democracy like the foundering fathers, because people of not restrained by law, will create for themselves everything they wish, goods /services, and take away rights of other people.

in essence the society bankrupts itself, and becomes tyrannical.

It's worked for over two hundred years.

 

[Cardinal Fang]

no my figures are not wrong......have you presented any evidence to the contrary...no.

I'm not obliged to provide correct versions of YOUR data. That's your job. You have repeatedly botched that job, both numerically and conceptually. It's been very entertaining, though!

 

[Cardinal Fang]

It's worked for over two hundred years.

Bet it still sounds like a Ponzi scheme to the right-wing. Bound to collapse any day now...

 

[blaxshep]

It's worked for over two hundred years.

No the liberal system of deficit based welfare that you champion has only been around for about the last 30 years and it hasn't worked, in fact it is failing miserably on a global scale.

 

[LiberalAvenger]

No the liberal system of deficit based welfare that you champion has only been around for about the last 30 years and it hasn't worked, in fact it is failing miserably on a global scale.

Did you miss the part about the founding fathers in his post or did you just choose to ignore what he said in hiis post in order to deceive people?