Federal Deficit to soar to 407 Billion

#51
#51
OrangeEmpire said:
All I know is, the b@$tards who call themselves politicians need to get real jobs and quit spending our money at the drop of a hat.
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Hell it's our fault for electing lifers in the House and Senate. I think that no one in Washington should be allowed to spend more than two terms in the House or Senate just like the president.
 
#52
#52
g8terh8ter_eric said:
Hell it's our fault for electing lifers in the House and Senate. I think that no one in Washington should be allowed to spend more than two terms in the House or Senate just like the president.
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Also, they should be covered by the VA and use the thrift savings plan.
 
#54
#54
g8terh8ter_eric said:
Hell it's our fault for electing lifers in the House and Senate. I think that no one in Washington should be allowed to spend more than two terms in the House or Senate just like the president.
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Agreed. I think thats one of the reasons they all become corrupt.

I'd like to see every incumbent thrown out on their arse this year.
 
#59
#59
OrangeEmpire said:

Great!

Now I am agreeing with you..........

This is going to be a rough day!
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I'm going to push my luck:

Senators AND House members: maximum, two 4-year terms (consecutive or separated). Must be staggered, however, to ensure some consistency between Congresses. We can't have them starting from scratch every 4-8 years.

how do you like them apples?
 
#61
#61
TennNC said:
I'm going to push my luck:

Senators AND House members: maximum, two 4-year terms (consecutive or separated). Must be staggered, however, to ensure some consistency between Congresses. We can't have them starting from scratch every 4-8 years.

how do you like them apples?
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IMO, I think that was the intention of the founders....

I have been known to be wrong....
 
#68
#68
Quote:
The highlighted doesn't have anything to do with leadership or the change thereof. It has to do with broke people being suckered into thinking it was best for them to buy homes at absurdly low rates that were going to inflate faster than they could breathe, falsely inflating the economic situation and causing the massive POP! we're hearing and feeling right now.


TennNC said:
that's how I see it.
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Does personal responsibility ever come into play for you; or is everyone always a victim?
 
#69
#69
KB5252 said:
Really, will this be a second term for Carter if Obama gets elected? After all their policies are very much alike!
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Barack Obama can walk on water and heal sick people, Carter couldn't do that. :)
 
#70
#70
TennNC said:
well, it's +$4.5 trillion for Johnny; +$3.2 trillion for Barack.

Lesser of two evils?
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Not enough time to hammer the links you've thrown out there, but it's absolutely ridiculous to think this $1.2 trillion from the backs of our high earners won't have a massive negative effect on our economy. Hence, the assumption that the gov't receipts category for each candidate would remain essentially unchanged is pure silliness.

I understand that you think the difference is coming from the super wealthy, but that is an outright lie. The super wealthy have already earned their wealth and pay only on incremental earnings and pay little in that regard because periods like this one provide long term tax savings due to real estate losses and cap gains hits. The real money that Obama has to generate must come from the high earners, who are the business owners and income generators for larger businesses. Hammering those guys absolutely will change employment rates, pay and patterns. Don't wanna go through risk / return here, but there's a point where these folks are no longer making an appropriate return on their entrepreneurial risk, and simply scale back, hold their own and wait for better days. Given the money mulitplier effect, those guys backing down just a bit is an enormous (I can't say it loudly enough) impact to GDP and gov't receipts. In the end, it has to actually shrink the economy as a whole.

I know you buy those articles because they support your worldview, but Obama cannot get anything done with the plan he has in place. Gov't receipts decreases will offset any incremental income that he realizes in taxing the wealthy. The vast majority of economists on earth have come to this conclusion about taxation vs. GDP and governmental receipts. It's really not debatable, so you should immediately discount any study that takes the two candidates' plans and pretends that they are revenue neutral. It's absolute absurdity.

Finally, when was the last time that the CBO was right about any single projection that it made, ever? Their models are so rife with absurd assumptions as to be laughable.
 
#71
#71
We have to stop the borrow and spend mentality that's taken over Capital Hill. Even tax and spend is a better plan.
 
#74
#74
VolDad said:
Quote:
The highlighted doesn't have anything to do with leadership or the change thereof. It has to do with broke people being suckered into thinking it was best for them to buy homes at absurdly low rates that were going to inflate faster than they could breathe, falsely inflating the economic situation and causing the massive POP! we're hearing and feeling right now.




Does personal responsibility ever come into play for you; or is everyone always a victim?
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getting suckered implies some fault on the naivete of the borrower. but every message was telling them "you can own a home too!" so I can see how people would think it was okay. the fact that so many people fell for it (including some friends of mine who are not idiots) tells me there's equal blame in my book.
 
#75
#75
TennNC said:
getting suckered implies some fault on the naivete of the borrower. but every message was telling them "you can own a home too!" so I can see how people would think it was okay. the fact that so many people fell for it (including some friends of mine who are not idiots) tells me there's equal blame in my book.
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but the loonies at Fannie, Freddie and FHA have all been pushing universal home ownership for years now. It's the liberal solution for solving the wealth gap in America.
 
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