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SNC, what did we determine about the osama guy?
‘Mountain of Debt’
Posted by Tad DeHaven
The White House Office of Management and Budget homepage currently features the following quote from the president:
President Obama says he wants to “invest in our people without leaving them a mountain of debt.”
That’s a curious statement because the Congressional Budget Office’s analysis of the president’s current budget proposal projects that publicly held debt as a share of the economy would reach levels last seen at the end of the Second World War.
When the CBO’s numbers are plugged into a bar chart, the projected Obama debt levels (red bars) look like…the upward slope of a mountain (!):
To be fair, Obama’s predecessors — particularly the previous Bush administration — share in the responsibility for the mountainous rise in federal debt. However, that’s all the more reason for the Obama administration to work toward a peak instead of a steeper incline.
SNC, what did we determine about the osama guy?
you keep bringing that up in the wrong topic. Why?
Why on him if he has a good point?
I'd like to have a chicken that lays golden eggs...big f deal
The CATO continues to undermine its own credibility..
2012=73%
we need some hope and change like yesterday.
I'm sure they would have loved to use the phrase 'levels never seen before' instead.
But I digress, if this is anything like the end of the second world war, then the economy should be recovering anytime now... what's wrong with that?
http://www.thedailyshow.com/watch/we.../deductible-me
I love it when Jon Stewart points out the ridiculous hypocrisy of the Republicans...
Deficit=bad. But oh, a chance to cut it by a third if people making more than 250K pay more in taxes? We can't do that...
giving 3 billion dollars away is stupid
give that money to people who are in the housing problems
giving 892 billion dollars to for stimulas
humm keeping the tax breaks would make more since then giving 895 billion dollars away and creating more debt
Isn't there some level of hypocrisy in democrats saying deficits=bad and raising taxes is the answer but we're only going to make 5% of the population pay more and the other 95% can go on paying less than they ever have.
What you call giving $700 billion away just to Wall Street?
That's the rationale that eventually takes you to the tax cut for the 5% because they're supposedly paying too much, and increases the deficit just as much.
The reality is that if you actually look at income, the gap between the top 5% and the bottom 95% keeps on widening.
That said, I think everybody should shoulder the burden one way or another.
Is that a result of tax rates?
Will increasing the tax rates on the 5% increase the income of the 95%?
I'm not arguing against raising taxes on the 5%, I think tax rates are too low across the board but I don't see what the tax rate has to do with the widening income gap.
It can be. It certainly can be a tool to do that.
Depends on how the money the government collects is eventually used. If it's funneled towards the 95% then yeah, it would.
I personally would like to see it go towards paying off some of the debt. Then again, I think some of the 95% should shoulder some of the burden too.
Well, given a set amount of wealth (money over time), if the top 5% has more of it, then the bottom 95% has less of it. Income is how you obtain that wealth.
How is America still a country with all the debt it has? I mean seriously, this country is so ed up in debt, it's ridiculous but the country still functions. Is it because America basically saved the world back in WWII? Just sayin'.
I'm not saying that the tax increase is bad, but...
Raising taxes on the people making more than 250K will reduce the deficit by a THIRD?
You actually believe that crap? Not even close.
But then again, I guess I'm expecting too much from someone that gets their news from Comedy Central...
Don't be ridiculous. We've got a $1.5 trillion dollar defecit and total income tax receipts for FY2010 are going to be about $950 billion. Raising taxes on those making over $250k isn't going to generate an extra $500 billion worth of tax revenue.
I'm not saying that we don't need to raise taxes, but you are grossly overestimating the impact that raising taxes on just the upper class would have.
Why the did we (Bush) give 50 bil to Africa when we have citizens in Atlanta bugging out over waiting lists for rent.
Instead of enslaving more people to be dependent on the government, you could try increasing the number of tax payers instead of taxes.
What a novel idea.
No here's the sad part...I'm not saying that the tax increase is bad, but...
Raising taxes on the people making more than 250K will reduce the deficit by a THIRD?
You actually believe that crap? Not even close.
But then again, I guess I'm expecting too much from someone that gets their news from Comedy Central...
Comedy Central > Fox News
The sad part is if you actually believe that.
Stewey never mentioned the context around Weiners theatrics. The peanut butter roommate bit was funny though.
Heres the really sad part. You don't even know that there is a Fox NEWS and then there are Fox Opinion Personalities.
Shepard Smith on Fox NEWS is probably the most fair and balanced NEWS anchor out there.
Mahahaha...Fox "News" has proported that they kind of sprinkle in "News" between all hours of the day...all the other crap is opinion...yet all the intros contain..."Most Trusted News Station" EVER...the sad part...is that more people BELIEVE Fox "News" opinion pieces to be "News"...
The amount of wealth is fixed?
SHOULD expand, should it not?
Obviously you are one of those idiots since you asserted that Comedy Central was > than Fox NEWS.
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