this was written perfectly lol
Fry smackin ya upside the dome with LOGIC, yet again. 
The rich that are speaking out are full of shit, like Buffett. For one thing they can write a check anytime they please. The other thing is they are calling for the progressive income rates to be hiked, while their earnings are almost purely capital gains. Nobody with a brain can honestly believe that Warren Buffett (the master of fundamentals) would invest any more of his money into a bankrupt government than he is forced to.
Look, for me it comes down to this…spending power isn’t destroyed, it’s transferred & re-distributed. This is something most citizens fail to comprehend and of course that inflation is a regressive penalty on the working class. Credit when properly used creates growth opportunities. Don’t use credit for consumption (government and personal) and wonder why the economy is shitty.
From the article I linked above:“Safety net programs: About 13 percent of the federal budget in 2011, or $466 billion, went to support programs that provide aid (other than health insurance or Social Security benefits) to individuals and families facing hardship.”
“These programs include: the refundable portion of the earned-income and child tax credits, which assist low- and moderate-income working families through the tax code; programs that provide cash payments to eligible individuals or households, including Supplemental Security Income for the elderly or disabled poor and unemployment insurance; various forms of in-kind assistance for low-income families and individuals, including food stamps, school meals, low-income housing assistance, child-care assistance, and assistance in meeting home energy bills; and various other programs such as those that aid abused and neglected children.”
Even if you assume that 50% of all people on welfare don’t have legitimate claims and are simply gaming the system(which is an absurdly high number), that is still at most $200 billion per year, out of a $1.1 trillion deficit. It’s not people mooching off the system that put us at this incredibly high deficit, it’s two unfunded wars and the Bush era tax cuts. That’s pretty widely accepted by most respected economists.
bush tax cuts are the problem? give me a break. the problems arose long before that and are a compound of multiple critical problems. look at how long companies have been shipping off production to other countries because its cheaper. not only do workforce jobs suffer, but tax revenue suffers. how can they pay utility bills and property taxes if they dont have any factories here? there goes a good chunk of money that would be available to help keep up infrastructure. less workforce is also less spending power. people arent able to pay with cash as much now and are forced to use credit more often. many people are living off the governments foolish aid and that number will only grow as many of the kids raised in that system think it is perfectly fine and normal. people are getting discounts on food and are recieving a check for money to live off of because they dont feel like getting off their ass and doing something. there have been several generations of people doing this, it is nothing new. this problem stems from decades ago.
wars? yeah, that i will agree with. having a strong and improving military is important but we shouldnt be sticking our nose where it shouldnt be. we shouldnt be policing the world, that shouldnt be any of our business.
take the excessive world policing, the excessive aid programs, the people not working nor paying their share in taxes, the companies that manufacture in other countries, programs like social security where people are just throwing money out the window instead of having more spending money, the idea of “everyone should be a homeowner” even if they cant really afford it, etc. it all is why we are in the situation that were in. you cant just blame the wars and bush tax cuts.
Sorry, didn’t read the entire post but, that doesn’t change the fact that raising corporate tax rates is wrong in my opinion. Raising rates then giving breaks is pointless. The system is already too complticated. Just DO NOT TRADE with countries that won’t work on a level field. If the USA wants everything to perfect for the American worker IT CAN NOT expect me to be competetive. I am against tariffs because all they do is put more money in the govt hands and make products cost more for Americans. My entire life I have heard all of these rosey theories that may sound great in the halls of universities but in the real world they are just pipe dreams. How many more decades can we live in the pretend world? I say none.
I misspoke slightly there, the Bush tax cuts are a small part of the problem, the wars are a pretty big part of the problem. Another huge part of the problem is the repeal of the New Deal era reforms such as the Glass-Steagall Act. Don’t even get me started abouto that.
Well of course it seems wrong to you, because you own a corporation. A single mother of four is going to think cutting back on entitlements (read: child care tax creidt) is wrong. If you can’t look at things objectively you’re not going to get a clear view of the situation.
As far as the system being complicated, well no shit. Complex problems require complex solutions, welcome to reality. Just don’t trade with countries that won’t work on a level field? Jesus christ did you pay attention at all in school? Embargos DO NOT WORK, and NEVER HAVE. They do far more harm than good. What I suggest wasn’t a tarriff, stay on topic. The rest of what you’ve spouted is nonsense conjecture, not deserving of a response.
so dont have 4 children if you cant adequately provide for them without government aid. hell, work an extra job for supplemental income or plant a garden to help take some of the burden off food bills.
Not even remotely close to the point. What it comes down to is people love the idea of cutting spending to lower taxes and all that, but when it comes to cutting things that affect them it’s all of a sudden a huge issue. If we got rid of the tax deductions that lets blue eyed deduct some of his business expenses, he wouldn’t be too fond of that idea.
China has destroyed this country and as long as we continue to be their bitch the destruction will continue. My macro-economics teacher didn’t tell me this but I believe it to be true. In all fairness when I took macro-economics China hadn’t destroyed the USA yet.
Edit: As far as blame goes the names aren’t even Chinese; Kissinger, Nixon, Bush, Clinton, etc.
The worst part is I can’t tell whether or not this is sarcasm! And people wonder why the rest of the world hates our country, what the fuck.
The American people have made the choices all along, with their votes and their purchasing decisions. While our government has long since gone down the path of inflation, pushing regressive penalties down to those that cannot afford the government bloat…we let them do so. People get the government & policies they want, allow or deserve for turning a blind eye.
http://www.energybulletin.net/stories/2006-01-17/proposed-iranian-oil-bourse
This is the reality of OUR country and what we the people have allowed to take place. People bash China but remember what currency they are forced to use for their oil purchases. The US has taxed the entire world selling the natural resources of other nations. In one way it’s brilliant, in another it’s why we must “police” the world and fund such an insane military industrial complex.
The 1 2 combo IMO was Reagan and his “trickle down economics” once combined with Clinton’s NAFTA. Trickle down isn’t that damning in a walled off economy, but when you allow & reward what I call “trickle out economics” you have a serious issue on your hands.
Long story short I have a hard time considering us the victim, I feel we’re the bully personally. JMHO of course.
Ahahahahaha, that is hilarious. The binders full of woman, and the book titled Nate Silver Can’t Add.
Genius.
On the subject of raising the medicare eligibility age, finally found an article that gives a more accurate number of how much would be saved. That number? $7.6 billion. So yeah, wouldn’t do jack shit.
Source: http://www.kaiserhealthnews.org/stories/2011/march/29/raising-medicare-age.aspx
It’s not hard to figure out the major budget item is fighting multiple wars and getting nothing from them…
If we keep feeling the need to flatten oil rich countries at least take their oil.
The opium has a much better ROI than the oil.
Meh, we leverage other nations oil as backing for our ever devaluing currency. This is the American way of taxing the entire world for their desire to develop.
Opium is perhaps more about profit & ROI, but what price-tag can you place on funding a sprawling military and global dominance? 
THIS! I can’t handle many more debates where people insist “welfare” & “handouts” are the biggest budget issue killing our country.
Yup. Our government runs us $10.4 BILLION per day on the old credit card last I heard. Interest on our debt is turning exponential and accounts for much of the smothering. I don’t understand why some have such a hard time grasping this concept. Get a few credit cards and use them in succession to pay each other off, lemme know how well that works out.
It is estimated that we pay the Federal Reserve Bank about $200 billion a year interest. Of course we don’t know the actual number because they don’t get a full audit but I see an easy way to save big money that does nothing for us. The MIC and welfare may not be a great thing but at least more Americans are getting something for their money. lol
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/tables.pdf
Gov’t spent 3.6 trillgagion dollars in 2011. 230 billion was interest on debt. 700 billion was on defense. 725 billion was social security.
Gov’t took in 2.3 trillvomition dollars in 2011. 1.1 trillblaaaaah was individual income tax. 566 billion was social security tax.
We didn’t even have a permanent income tax until the 16th ammendment in 1913. Just looking at the numbers, that was probably the end of small government and republican ideals. (Think: ancient greek republican, not GOP idiots.)
That’s been one of my arguments as well. The 2nd edge of that sword though, if much of the Fed’s diluted currency stopped going overseas we would have an issue with inflation for sure. If the poor have it bad now, just imagine that.
Surprised nobody else mentioned The Bernank’s announcement from today…$45 BILLION per month in additional Fed QE. Seems like a good idea, huh? 8/