Obama: No Deal Without Tax Hikes

Conservative · Jul 19, 2011

pbrauer said:
Obama hasn't put spending steroids, that's a fallacious argument, however Bush 43 did put spending on steroids - big time. Bush's last budget was 2009, not 2008 as you keep saying. The reason tax revenues went up after Reagan's tax adjustments was inflation that started in earnest during Ford's administration got worse during Carter's and partially through Reagan's administration. Wages were so low by comparison they had to be raised by the nation's employers. Higher wages mean more tax revenue for the government. Reagan gave the biggest tax breaks to the wealthy - the top marginal rate was lowered from 70% to 50%.

The only spending problem we have is around the military industrial complex.

Get someone to read the line item budget I posted. here is the 2008 budget. I pulled out the 2009 budget because it included TARP and some of the stimulus along with other Obama supplementals

Defense 696.1 616.1
International Affairs 45.2 28.9
Gen. Science, Space 30.9 27.8
Energy 11.5 ..5
Natural resources/env 41.6 31.9
Agriculture 23.2 18.4
Commerce 30.1 27.7
Transportation 92.5 77.6
Community Dev 24.5 23.9
Education/Train/Social 125.1 90.9
Health 369.0 280.7
Medicare 451.6 390.8
Income Security 624.0 427.4
Social Security 706.7 617.0
Veterans Benefits 108.4 84.6
Justice 55.2 47.1
General Govt. 18.1 20.3
Net Interest 196.9 252.8

Total 3650.6 3063.9

Are you ever going to respond to the tough questions asked of you? Doubt it so carry on with posting misinformation and false information

LesGovt · Jul 19, 2011

haymarket said:
from Conservative

Really!!!!!!!!!!!

The full faith and credit of the United States of America means nothing to you?

The treasury notes held mean nothing to you?

What kind of American patriot are you anyways?

Huh? Being irresponsible is now patriotic? Pshaw!

Objective Voice · Jul 19, 2011

Conservative said:
Isn't that what I said, fiscal year 2009 which began on October. 1, 2008? Bush spent 350 billion of it by December and left 350 billion for Obama to spend. Most of what was released was paid back in 2009 so where did that go?

Not sure what you want me to try over again, that is what I said, fiscal year 2009 is when TARP was spent.

My apologies...

It's just that at first-read, the way you worded your statement made it seem as if you were trying to say that TARP was enacted under Obama (again). Next time, I'll try to read slower, deal?

As to your question, "Where did all the repaid TARP money go?" Treasury, I suppose, to get redistrubted elsewhere. Where exactly, I don't know. You'd have to ask Geithner, Bernanke or Congress about that.

sangha · Jul 19, 2011

ReverendHellh0und said:
Bush was at fault for Taarp 1, obama was at fault for all that came after. This isn't really hard. :doh

Hey, when does it become Obama's fault for not fixing this mess?

No, Obama wasn't the one who ran up the debt. Obama just has to pay the interest on the republican debt.

sangha · Jul 19, 2011

Conservative said:
Isn't that what I said, fiscal year 2009 which began on October. 1, 2008? Bush spent 350 billion of it by December and left 350 billion for Obama to spend. Most of what was released was paid back in 2009 so where did that go?

Not sure what you want me to try over again, that is what I said, fiscal year 2009 is when TARP was spent.

Paid back or not, it was still included in your #'s. And TARP included spending in FY2010

Conservative · Jul 19, 2011

Objective Voice said:
My apologies...

It's just that at first-read, the way you worded your statement made it seem as if you were trying to say that TARP was enacted under Obama (again). Next time, I'll try to read slower, deal?

As to your question, "Where did all the repaid TARP money go? Treasury to get redistrubted elsewhere? Where exactly, I don't know. You'd have to ask Geithner, Bernanke or Congress about that.

No problem, thanks for the apology. The point I was making with regard to the repayment of TARP is that it should have gone back to reducing the deficit but didn't. You are right, it was redistributed elsewhere showing that obama has an addiction to spending.

LesGovt · Jul 19, 2011

disneydude said:
Why should I pay for your police? For you fire department? C'mon Con....why should I pay for your libraries or your parks?

You don't pay for mine. You pay for yours.

sangha · Jul 19, 2011

disneydude said:
You have to love these guys.....Obama is responsible for all of Bush's failures.
Clinton is responsible for the worst attack on our country that occurred on Bush's watch....oh...and Bush deserves credit for capturing and killing Osama Bin Laden despite the fact that he didn't really spend any time thinking about him or going after him.

Its all gamemanship to the wingers.

It's all about winning for them. Like this guy

The Prof · Jul 19, 2011

Swizz said:
I'm not reading every article you throw at me.

your loss, more power to you

Are you arguing that I'm not correct?

no, cuomo is

except he's not so much arguing as acting

and rahm the ram, governor omalley, governor malloy, governor moonbeam, the state assemblies in springfield and boston and trenton, the emergency managers of detroit...

everyone's cutting, no one's taxing

maybe you could write em a letter

since you don't want to read

Objective Voice · Jul 19, 2011

The only two massive spending measure that can be directly attributed to Pres. Obama would be the Stimulus and unemployment insurance extension (and the extension of the Bush tax cuts, if we can all agree that tax cuts in a recession cost the Treasury money because they aren't paid for when running deficits).

sangha · Jul 19, 2011

LesGovt said:
Most definitely, it is unreasonable.

And they think it's the dems who are unwilling to compromise :roll:

LesGovt · Jul 19, 2011

disneydude said:
When you act like children....sometimes you have to be treated like children. Sorry....that's just life.

Hello pot.

Conservative · Jul 19, 2011

LesGovt said:
You don't pay for mine. You pay for yours.

Amazing how Disneydude ran when proven wrong. A liberal can never admit when wrong. Barack Obama has an ideology that mirrors many here but the fact is that Obama nor those here can admit what that ideology is, cradle to grave coverage by a massive central govt. That hope and change message was misinterpreted by many in the electorate that voted for him but not by many here who want a European socialist economy because most apparently cannot make it on their own.

sangha · Jul 19, 2011

Conservative said:
What does that have to do with the Tread topic although did Obama support TARP? Did Obama spend the 350 billion left him by Bush? You really do hate Republicans, don't you? Interesting coming from someone in a city with 11.9% unemployment and a state run by Democrats that have a similar unemployment rate

Just pointing out that it was bush* who is mostly responsible for the out of control spending because he never even tried to control the spending.

Boo Radley · Jul 19, 2011

Conservative said:
Amazing how Disneydude ran when proven wrong. A liberal can never admit when wrong. Barack Obama has an ideology that mirrors many here but the fact is that Obama nor those here can admit what that ideology is, cradle to grave coverage by a massive central govt. That hope and change message was misinterpreted by many in the electorate that voted for him but not by many here who want a European socialist economy because most apparently cannot make it on their own.

Hello pot.

The Prof · Jul 19, 2011

Boo Radley said:
And I think you for proving that repeatedly.

dept chairs just can't help themselfs

LOL!

Swizz · Jul 19, 2011

The Prof said:
your loss, more power to you

no, cuomo is

except he's not so much arguing as acting

and rahm the ram, governor omalley, governor malloy, governor moonbeam, the state assemblies in springfield and boston and trenton, the emergency managers of detroit...

everyone's cutting, no one's taxing

maybe you could write em a letter

since you don't want to read

What do I care what Cuomo is doing in New York or Rahm is doing in Chicago? I don't live there. We're talking about national politics and you're changing the subject because you know I've boxed you into a corner. You know that it is necessary to increase revenues if you aren't making enough money. You just don't want to admit it.

sangha · Jul 19, 2011

LesGovt said:
Huh? Being irresponsible is now patriotic? Pshaw!

The rightwing believes that paying legitimate debts is "irresponsible". No wonder they always screw up the economy

Conservative · Jul 19, 2011

Objective Voice said:
The only two massive spending measure that can be directly attributed to Pres. Obama would be the Stimulus and unemployment insurance extension (and the extension of the Bush tax cuts, if we can all agree that tax cuts in a recession cost the Treasury money because they aren't paid for when running deficits).

I will never accept the statement that tax cuts are an expense to the govt. I posted the line item expenses of the govt. and tax cuts isn't there. Tax cuts give people more spendable income and that scares the hell out of liberals. It makes economic growth easier because of consumer spending which always happens when people have more spendable income. GDP growth means more tax revenue and more employees. Happens every time unless there are economic conditions that prevent it, i.e. recessions, 9/11, and the financial crisis.

Objective Voice · Jul 19, 2011

Conservative said:
No problem, thanks for the apology. The point I was making with regard to the repayment of TARP is that it should have gone back to reducing the deficit but didn't. You are right, it was redistributed elsewhere showing that obama has an addiction to spending.

If those funds were "redistributed" back into Treasury to pay for extended tax cuts or extended unemployment benefits, I'd say both were valid expenditures under present day economic circumstances.

LesGovt · Jul 19, 2011

sangha said:
Or your military, which is where most of our tax money goes

Say what? Could you explain this one?

sangha · Jul 19, 2011

Conservative said:
No problem, thanks for the apology. The point I was making with regard to the repayment of TARP is that it should have gone back to reducing the deficit but didn't. You are right, it was redistributed elsewhere showing that obama has an addiction to spending.

It did go back into reducing the deficit, but that won't show on a chart that only shows SPENDING.

Conservative · Jul 19, 2011

Boo Radley said:
Hello pot.

Waiting for you to prove me wrong and that I ran when that happened.

The Prof · Jul 19, 2011

disneydude said:
You have to love these guys.....Obama is responsible for all of Bush's failures.

the whip: RealClearPolitics - Video - Durbin: This Is Obama's Economy Now

randel · Jul 19, 2011

Boo Radley said:
Hello pot.

if i could give multiple likes on this, i would.:mrgreen:

Obama: No Deal Without Tax Hikes

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