US Budget Deficit Hits All Time High In February, US to Report Largest Budget Deficit in History

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    Mar 09, 2012 6:57 AM GMT
    The US now borrows 54 cents for every dollar it spends. Things that can't go on forever, won't.

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    Mar 09, 2012 9:54 AM GMT
    OMG and prey tell: What is Obama doing to fix this?
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    Mar 09, 2012 4:44 PM GMT
    TrueBlueAussie saidOMG and prey tell: What is Obama doing to fix this?


    It's about to get a lot worse as unfunded liabilities and entitlement spending kicks in.
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    Mar 09, 2012 4:48 PM GMT
    Time to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.
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    Mar 09, 2012 4:59 PM GMT
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    This may be part of the answer but more importantly, spending has to be reigned in which is the cause of the massive increase in deficits and debt. Entitlements will also need to be looked at sooner or later but the later they are, the more difficult and bigger those changes will need to be.
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    Mar 09, 2012 5:08 PM GMT
    riddler78 said
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    This may be part of the answer but more importantly, spending has to be reigned in which is the cause of the massive increase in deficits and debt. Entitlements will also need to be looked at sooner or later but the later they are, the more difficult and bigger those changes will need to be.


    Sure. Let's start with corporate welfare, then the Bush prescription give away to Big Pharma, our international welfare program of having military bases in 150 countries and so on.
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    Mar 09, 2012 6:59 PM GMT
    Christian73 said
    riddler78 said
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    This may be part of the answer but more importantly, spending has to be reigned in which is the cause of the massive increase in deficits and debt. Entitlements will also need to be looked at sooner or later but the later they are, the more difficult and bigger those changes will need to be.


    Sure. Let's start with corporate welfare, then the Bush prescription give away to Big Pharma, our international welfare program of having military bases in 150 countries and so on.


    I'd agree with that - but the cuts almost certainly have to go much further than that.
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    Mar 09, 2012 9:49 PM GMT
    NEWSFLASH!

    US POPULATION at ALL TIME HIGH. No end in sight! US population numbers have NEVER been this high since the beginning of US history!

    Next NEWSFLASH:

    World POPULATION at RECORD high! Population numbers have NEVER been this high in WORLD history!










    icon_rolleyes.gif_. riddler
    Ostrich-man-head-in-sand.gif
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    Mar 09, 2012 9:59 PM GMT
    It's ironic that there are extremists who seem to think that these charts aren't issues:

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    Mar 09, 2012 10:02 PM GMT
    We understand the problem but reject your assessment of its causes, urgency as well as what the solutions should be, primarily because your assessment and proscriptions are contrary to what has effectively dealt with such economic problems throughout contemporary Western history.
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    Mar 09, 2012 10:05 PM GMT
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    You're joking right?

    Even if the government seized every cent from every person in the 1% in this country, forget just "raising" the tax rate, it would hardly make a dent.

    Our problem is SPENDING. Will we need to have some compromises with taxes? That will have to be on the table but that's not where the difference is going to be made.
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    Mar 09, 2012 10:07 PM GMT
    mocktwinkie said
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    You're joking right?

    Even if we took every cent from every person making 500k a year in this country, forget just "raising" the tax rate, it would hardly make a dent.

    Our problem is SPENDING. Will we need to have some compromises with taxes? That will have to be on the table but that's not where the difference is going to be made.


    I didn't say just the tax cuts for people making over $500k, did I?

    Domestic spending must be cut but not in the short term. In fact, it should probably be increased. Meanwhile, the military expenditures should be cut by 50-75%.
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    Mar 09, 2012 10:08 PM GMT
    mocktwinkie said
    Christian73 saidTime to let the Bush tax cuts expire and roll back the low rates for carried interest and investment income.


    You're joking right?

    Even if the government seized every cent from every person making 500k a year in this country, forget just "raising" the tax rate, it would hardly make a dent.

    Our problem is SPENDING. Will we need to have some compromises with taxes? That will have to be on the table but that's not where the difference is going to be made.


    Denial clearly isn't just a river in Egypt. Attacking spending isn't really in their ideological interests. We have one blithering idiot complaining about spelling, another projecting and yet another denying that there's any problem at all with spending.

    This is the state of the left these days. May they continue to rely on the government teet and the benevolence of others and reap what they so richly deserve.
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    Mar 09, 2012 10:15 PM GMT
    http://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.

    People who actually want to make cuts are at a disadvantage to those who don't, because who is going to agree to have a benefit taken away? Someone out there will end up getting the ax and then get furious.

    Maybe once we repeat what Greece did people will wake up, but by then it will be too late!
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    Mar 09, 2012 10:21 PM GMT
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.
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    Mar 09, 2012 10:23 PM GMT
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.
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    Mar 09, 2012 10:27 PM GMT
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.


    Facts aren't important to Christian so much as source. If it doesn't come from one of the many discredited sources he uses, he won't believe it. Even when reported by these sources, he won't believe it unless it fits in his radical world view. This is perhaps the best way to frame his posts.
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    Mar 09, 2012 10:30 PM GMT
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.
    Au Contraire!

    Leo Brent Bozell III (born July 14, 1955) is an American conservative writer and activist. Bozell is the founder and president of the Media Research Center, the Conservative Communications Center, and the Cybercast News Service. Bozell served as president of the Parents Television Council from 1995 to 2006, after which he was succeeded by Timothy F. Winter. In addition, currently, Bozell serves on the board for the Catholic League for Religious and Civil Rights and has served on the board of directors in the American Conservative Union.
    I think you FAILED basic research 101icon_wink.gif
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    Mar 09, 2012 10:33 PM GMT
    TropicalMark said
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.
    Au Contraire!

    Leo Brent Bozell III (born July 14, 1955) is an American conservative writer and activist. Bozell is the founder and president of the Media Research Center, the Conservative Communications Center, and the Cybercast News Service. Bozell served as president of the Parents Television Council from 1995 to 2006, after which he was succeeded by Timothy F. Winter. In addition, currently, Bozell serves on the board for the Catholic League for Religious and Civil Rights and has served on the board of directors in the American Conservative Union.
    I think you FAILED basic research 101icon_wink.gif


    This isn't about CNS news or Bozell, who are obviously conservative leaning, it's about the independent study conducted that they REPORTED ON.

    "...the non-partisan Tax Foundation’s David Logan writes."


    So time to take your own advice dumbo!
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    Mar 09, 2012 10:35 PM GMT
    mocktwinkie said
    TropicalMark said
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.
    Au Contraire!

    Leo Brent Bozell III (born July 14, 1955) is an American conservative writer and activist. Bozell is the founder and president of the Media Research Center, the Conservative Communications Center, and the Cybercast News Service. Bozell served as president of the Parents Television Council from 1995 to 2006, after which he was succeeded by Timothy F. Winter. In addition, currently, Bozell serves on the board for the Catholic League for Religious and Civil Rights and has served on the board of directors in the American Conservative Union.
    I think you FAILED basic research 101icon_wink.gif


    This isn't about CNS news or Bozell, who are obviously conservative leaning, it's about the independent study conducted that they REPORTED ON.

    So time to take your own advice dumbo!
    ANY and ALL "quotes" from this specific article are those of the author, not the 'STUDY'..

    Nice attempt, but utter failure and you know it!
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    Mar 09, 2012 10:37 PM GMT
    Christian73 said

    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.

    mocktwinkie said

    It's reporting an independent study from a non-partisan source.

    mocktwinkie said

    This isn't about CNS news or Bozell, who are obviously conservative leaning, it's about the independent study conducted that they REPORTED ON.
    Brilliant! I love it!icon_rolleyes.gificon_rolleyes.gificon_rolleyes.gificon_rolleyes.gif
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    Mar 09, 2012 10:38 PM GMT
    riddler78 said
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.


    Facts aren't important to Christian so much as source. If it doesn't come from one of the many discredited sources he uses, he won't believe it. Even when reported by these sources, he won't believe it unless it fits in his radical world view. This is perhaps the best way to frame his posts.


    Given that you rely on many of the same laughable sources as Mock and Socal, what else were you going to say? icon_lol.gif

    And the Tax Foundation may be nonpartisan but it has a distinctly Norquistian point of view. icon_rolleyes.gif
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    Mar 09, 2012 10:40 PM GMT
    mocktwinkie said
    TropicalMark said
    mocktwinkie said
    Christian73 said
    mocktwinkie saidhttp://cnsnews.com/news/article/warren-buffett-s-taxing-rich-wont-solve-deficit-says-tax-foundation

    "Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

    Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

    “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan."


    Basically someone has to be totally out of touch with reality if they think that raising taxes (or letting tax cuts expire) as opposed to making painful cuts, is going to "solve" our debt problem.

    Who is to blame? Both liberals and conservatives. Politicians who are out to please people with gravy that we can't afford. Years of conservative "talks" about cutting spending has been mostly talk with very little real cutting. Liberals on the other hand, well, they just pretend the problem will go away if we don't do anything about it.



    If you're trying to support your argument, an article from CS News isn't going to pass the giggle test.


    It's reporting an independent study from a non-partisan source.
    Au Contraire!

    Leo Brent Bozell III (born July 14, 1955) is an American conservative writer and activist. Bozell is the founder and president of the Media Research Center, the Conservative Communications Center, and the Cybercast News Service. Bozell served as president of the Parents Television Council from 1995 to 2006, after which he was succeeded by Timothy F. Winter. In addition, currently, Bozell serves on the board for the Catholic League for Religious and Civil Rights and has served on the board of directors in the American Conservative Union.
    I think you FAILED basic research 101icon_wink.gif


    This isn't about CNS news or Bozell, who are obviously conservative leaning, it's about the independent study conducted that they REPORTED ON.

    "...the non-partisan Tax Foundation’s David Logan writes."


    So time to take your own advice dumbo!


    It is almost painful to watch those like TropicalMark make a coherent argument. Watching someone with the intellectual equivalent of a dull butter knife at a gun fight. It is however somewhat telling that these extremists would associate themselves with a self avowed bigot as if it somehow makes them more credible.
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    Mar 09, 2012 10:47 PM GMT
    riddler78 said It is however somewhat telling that these extremists would associate themselves with a self avowed bigot as if it somehow makes them more credible.


    Apparently the irony of you calling anyone a "bigot" as you defend known racist, misogynist and anti-gay Rush Limbaugh on another thread is lost on you. icon_lol.gif
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    Mar 09, 2012 10:50 PM GMT
    Christian73 said
    riddler78 said It is however somewhat telling that these extremists would associate themselves with a self avowed bigot as if it somehow makes them more credible.


    Apparently the irony of you calling anyone a "bigot" as you defend known racist, misogynist and anti-gay Rush Limbaugh on another thread is lost on you. icon_lol.gif


    You'd only think that were the case if you didn't bother reading what I've said on the issue. But I mean that's pretty consistent with how you frame arguments - if you can't beat em, refuse to acknowledge facts or just make em up. icon_rolleyes.gif