DeacMan
Well-known member
- Joined
- Mar 20, 2011
- Messages
- 9,708
- Reaction score
- 948
More le sigh.
Again.
Again.
Washington Post: Jacob Lew's comments; Budget process explanation
- Thread starter ncsportsnut1
- Start date
- Latest activity Latest activity:
Yep the debt he was handed, the two wars, the graying of of our country and the insane tax cuts don't have an impact.
again you called him a "fraud" for saying he'd cut the deficit by 50% during his first term. He cut it by 40% from its peak.
When shown this, you change your premies. Just like you have done for years.
again you called him a "fraud" for saying he'd cut the deficit by 50% during his first term. He cut it by 40% from its peak.
When shown this, you change your premies. Just like you have done for years.
DeacMan
Well-known member
- Joined
- Mar 20, 2011
- Messages
- 9,708
- Reaction score
- 948
Everyone got 17K lying around in their couch cushions. That's your personal share of the 2013 budget deficit. Can't wait for my kids to inherit this mess.
This budget is a total farce in that it does NOTHING to decrease spending. NOTHING. Spending actually goes up very slightly. Instead it relies on increased revenues - read more taxes (via increases in tax rates, more fees and just more revenue magically coming in the door).
Unfortunately for all of us, there is little hope of having those revenues materialize. Meaning the actual deficit will end up being higher than the 900 BILLION projected.
IOW, this offers us nothing in the way of spending reform because "the time for austerity is not now". In a way that is right, the time for some measure of austerity was a long time ago.
This budget is a total farce in that it does NOTHING to decrease spending. NOTHING. Spending actually goes up very slightly. Instead it relies on increased revenues - read more taxes (via increases in tax rates, more fees and just more revenue magically coming in the door).
Unfortunately for all of us, there is little hope of having those revenues materialize. Meaning the actual deficit will end up being higher than the 900 BILLION projected.
IOW, this offers us nothing in the way of spending reform because "the time for austerity is not now". In a way that is right, the time for some measure of austerity was a long time ago.
PhDeac
PM a mod to cement your internet status forever
- Joined
- Mar 16, 2011
- Messages
- 155,937
- Reaction score
- 22,868
Your kids aren't going to inherit any debt because they'll refuse to increase taxes and cut spending just like we are now.
The funny thing is if the economic collapsed due to austerity DeacMan would be at arms, too.
The funny thing is if the economic collapsed due to austerity DeacMan would be at arms, too.
DeacMan
Well-known member
- Joined
- Mar 20, 2011
- Messages
- 9,708
- Reaction score
- 948
Tell that to our friends in Europe.
And no, I wouldn't be up in arms about austerity. I'd be thrilled to see us take meaningful steps to deal with spending over a fair period of time. Unfortunately with this administration that isn't forthcoming. No proposed reforms to any entitlements. A huge new bureaucracy coming on line. Greater spending in other areas. And only minor cuts to miltary spending.
It is just more of the same from DC.
And no, I wouldn't be up in arms about austerity. I'd be thrilled to see us take meaningful steps to deal with spending over a fair period of time. Unfortunately with this administration that isn't forthcoming. No proposed reforms to any entitlements. A huge new bureaucracy coming on line. Greater spending in other areas. And only minor cuts to miltary spending.
It is just more of the same from DC.
Can't you read? I never said the deficit went up every year.