Obama takes a step — a small step — toward deficit cuts

President Obama is set to announce a three-year freeze in discretionary non-defense spending. The problem is, that’s not where the problem is. Those programs total $447 billion; the deficit this year is $1.4 trillion. In other words, you could eliminate those programs three times over and still face a deficit.

But it’s a start, a gesture. A lot of the current-year deficit is not caused by increased spending, but by collapsed federal revenues. Total federal revenue last year was just 15.1 percent of gross domestic product, a sharp drop from its average level of above 18 percent. In dollar terms, revenue isn’t projected to return to 2007 levels until at least 2011, and in the meantime the government is incurring additional expenses such as extended unemployment and aid to state budgets. Folks at the state Capitol are already in a panic over how to balance their own budget; ask them how many teachers and prison guards they would have to lay off without the federal stimulus money and they’ll turn pale in the face.

Obama is also pushing plans for a bipartisan deficit-reduction commission that by the end of the year would present Congress with a program on how to move us back toward fiscal reality. Congress would have to vote up or down on that package — no amendments. But that isn’t likely to pass. As the Washington Post notes, Senate Minority Leader Mitch McConnell “has turned against (the) proposal after endorsing it in Senate speeches last year. The reversal … coincided with word that anti-tax activists such as Americans for Tax Reform’s Grover Norquist was opposed.”

In other words, if deficit reduction requires tax increases as part of the package — which it will — the GOP wants no part of it. Of course, liberal Democrats also aren’t eager to swallow the other part of the required package, which would be cuts in entitlement programs. So congressional approval of that approach is unlikely.

As an alternative, President Obama may try to achieve the same goal by executive order, creating a bipartisan commission on his own to come up with a plan for a vote later this year. But House Minority Leader John Boehner has suggested that Republicans named to that commission might refuse to serve.

So there we are. Stuck with minor steps such as the spending freeze.

“Given Washington Democrats’ unprecedented spending binge, this is like announcing you’re going on a diet after winning a pie-eating contest,” Boehner spokesman Michael Steel said in response to the freeze idea. “Will the budget still double the debt over five years and triple it over 10? That’s the bottom line.”

For the record, the national debt more than doubled under President George W. Bush. And it more than tripled in the 10-year period beginning in 1982, when Ronald Reagan took office, and 1991, when the elder President Bush sat in the White House.

594 comments Add your comment

TaxPayer

January 26th, 2010
7:59 am

I think the “Party of No” is still an appropriate label for the G_P. What we need is a little more transparency though. Let the Republicans refuse to help, when asked to serve their country, on camera, for starters.

Joel Edge

January 26th, 2010
8:01 am

Obama can do little. If the elected people in congress don’t face facts and reduce spending (earmarks). We’re doomed.

Mick

January 26th, 2010
8:02 am

It’s the military budget that needs to get the ax or deep freeze. Just watching our gov’t from the sidelines is a most frustrating exercise.

joe matarotz

January 26th, 2010
8:04 am

Obama: “Go close that barn door before the horse gets back in.”

Gale

January 26th, 2010
8:06 am

I’m still waiting for the promise of an end to programs that don’t work and cost too much money. A freeze on some is a start.

Granny Godzilla

January 26th, 2010
8:08 am

Taxpayer

Yep, time for the spotlight to move stage right….Let’s see what they got besides “No”.

Mr. DeMille – The GOP is ready for it’s close up.

Granny Godzilla

January 26th, 2010
8:10 am

Jenifer

January 26th, 2010
8:12 am

Come on, GOP, show us what you’re made of.

TaxPayer

January 26th, 2010
8:12 am

Republican congressmen should at least cost us little if anything to keep in DC. After all, how much effort does it take to just say no.

Jimmy Carter

January 26th, 2010
8:14 am

Oh well, just another campaign promise unfulfilled:

FLASHBACK: Obama Campaigned Against Spending Freeze [Over and Over]…

Gale

January 26th, 2010
8:15 am

Granny G, good point. But I was thinking of the many smaller items that slide under the radar. They probably fit in with the many medicare expenses that are unwarrented. Medicare has a lot of the same waste, but I think that is state funded.

Gale

January 26th, 2010
8:17 am

Jimmy Carter, once again, pay no attention to campaign promises. They mean no more than when a parrent says, “Sure, some day I will buy you a pony.” to a three year old.

Jenifer

January 26th, 2010
8:18 am

“Republican congressmen should at least cost us little if anything to keep in DC.”

You do have a point. After all, a lot of republicants do cozy up together there in the C Street house.

JD

January 26th, 2010
8:19 am

The largest items contributing to our current fiscal disaster are the unfunded Medicare Prescription Drug Benefit, enacted by Bush and a Republican-led Congress, the tax cuts enacted by Bush and a Republican-led Congress, and the wars in Afghanistan and Iraq, which were started and subsequently grossly mismanaged by Bush and a Republican-led Congress. Why aren’t all the Tea Party people screaming at John Boehner (R), Mike Pence (R), Mitch McConnell (R), and all the rest who were the ones responsible for our current mess. And when will they own up to getting us in this mess? Obama inherited a fiscal disaster ($1.3 trillion deficit without him having done anything). Republicans are acting like a homeowner who starts a fire then yells and screams at the fire department because they didn’t get there fast enough.

thomas

January 26th, 2010
8:20 am

Why are you all calling for the republicans to do something?

Democrats had the house, senate and oval office all under their control and all they did was pass a stimulus bill that as of yet has provided little relief and tried to pass other numerous spending bills, with little success.

You had 60 votes and a super majority. Anything you wanted to do you could have, except you allowed the far left factions to control what was done and weild their power with a no give attitude.

So please save the republican party of no and any other request of republicans until you are able to honestly acknowledfge the failure to produce anything in the 12 months and 5 days since gaining total control of the government.

But the GOP does make a good boogie man scapegoat.

I Report (-: You Whine )-: mmm, mmmm, mmmmm!

January 26th, 2010
8:21 am

Bipartisan only insomuch that he will have an excuse to raise taxes, which he lied that he wouldn’t do?

Read those lips!

Granny Godzilla

January 26th, 2010
8:21 am

Jimmy carter

so the President gives the GOP what they said they wanted during the campaign. and your problem with that is?

Gale

some info for you

EXCLUSIVE: Obama wins more spending cuts than BushRate this story

http://www.washingtontimes.com/news/2010/jan/14/obama-wins-more-cuts-in-spending-than-bush/

david wayne osedach

January 26th, 2010
8:21 am

If you are serious about budget cuts why not make them across the board? Both foreign and domestic?

Ragnar Danneskjöld

January 26th, 2010
8:22 am

Great, after raising spending more than $1 trillion, Chauncey plans to keep it there. If we had a competent president he would cut it back to the levels of the Bush administration.

Jimmy Carter

January 26th, 2010
8:22 am

Gale

January 26th, 2010
8:17 am

My parents DID actually buy me a pony. So what’s your point?

TaxPayer

January 26th, 2010
8:23 am

Have any Republicans actually put together any work on a proposal for spending cuts. As I recall, they certainly had an opportunity to speak up during the healthcare debate, for one, and voice their support for eliminating $400 billion in waste, fraud and abuse in Medicare and Medicaid. I guess they didn’t really mean that they wanted to really cut the debt and deficit. To really do so would be so UN-GOP. So NOT Republican. They were just mouthing off, as usual. No substance, just more bumper sticker talk.

Jimmy Carter

January 26th, 2010
8:24 am

Granny Godzilla

January 26th, 2010
8:21 am

I actually don’t have a problem. My concern will be with the details. Those programs he refuses to cut may be the ones that actually need to be cut the most.

thomas

January 26th, 2010
8:24 am

JD,
contrary to what you have seen in some media reports alot of tea party members were actually p*ssed at both parties, and vocally acknowledged it.

Normal

January 26th, 2010
8:25 am

It’s like I said below(before I knew there was a new thread) :)

There are more than a few defense cuts that could be made. There are things being funded that the military doesn’t want or need, but as before, todays politicians are too small to have the ‘nads to cut those programs for fear of losing an election.

Shawny

January 26th, 2010
8:25 am

cut spending, cut spending, cut spending…
All bills in the future to only include spending related DIRECTLY to the bill. All earmarks to buy votes eliminated. Keep working at it, and we can stop the bleeding.

Granny Godzilla

January 26th, 2010
8:26 am

thomas

this statement “failure to produce anything in the 12 months and 5 days since gaining total control of the government” is disingenuous.

thomas

January 26th, 2010
8:27 am

taxpayer @ 8:23

Would you mind linking us the plans and actual passed laws or regulations the democrats have done in the past 12 months and 5 days?

I mean they did have a super majority and could have passed and signed into law whatever they wanted.

They even blocked rep out of HC meetings so they could take all of the credit, but still failed. Wonder why?

AmVet

January 26th, 2010
8:28 am

First, eliminate the anti-capitalist pork, unjustified subsidies and unjustified tax breaks of OUR money that is given away each and every year in the insidious and counter-productive form of corporate WELFARE.

Which I could at least understand if there was a corresponding value back to society. But there isn’t.

According to the conservative Heritage Foundation (which is basically in bed with corporate America), government could save $20 billion a year by eliminating just three dozen corporate giveaways. This is almost one year’s worth of AFDC.

“The Cato Institute, a Libertarian think tank, estimates that federal aid to corporations ranges from $250 to $350 billion a year. It has specifically identified 125 federal programs subsidizing private businesses that would save taxpayers $85 billion if cut.”

Read this damning indictment well, you fascist coddlers. (HA! Like you’ll even LOOK at it!)

http://www.huppi.com/kangaroo/L-corporatewelfare.htm

thomas

January 26th, 2010
8:29 am

Granny Godzilla, only when taken out of context of the rest of my statement and argument.

BTW what have they produced?

They could have done what eveer they wanted but failed to act, fighting themselves and not for the American people.

Call it like it is.

January 26th, 2010
8:30 am

“”In other words, if deficit reduction requires tax increases as part of the package — which it will — the GOP wants no part of it. Of course, liberal Democrats also aren’t eager to swallow the other part of the required package, which would be cuts in entitlement programs. So congressional approval of that approach is unlikely.”"

Without throwing barbs, Jay hit it on the head with this one statement, both parties have issues! I for one would like to see us keep our money in house for the next couple of years. Stop with all of the foreign aid, stop with the out pouring of money into the UN. Why are we just one member of the UN, but 75% of the budget. Let Europe pony up, and start sending money and support to all of these 3rd world countries.

To my knowledge Bush spent more money in Africa then any President before or since. Don’t get me wrong, I know a lot of those people need help, but does our government have to always forsake our needs and give to a country who doesnt give a rats a** about us?

Disgusted

January 26th, 2010
8:30 am

All this talk is just that. A look at a pie chart of the FY2010 budget shows how little a spending freeze will do:

30% Human Resources
18% Past Military
36% Current Military
5% Physical Resources
11% General Government

Are you going to cut pensions of retired military personnel? The military itself? The pathetic 11% devoted to government operations? The 5% devoted to maintaining the buildings and parks we have?

No, the only thing being looked at falls under the category of Human Resources, including Social Security, Medicare, Medicaid, etc. And once you get to the few things that can be frozen in that category, you’re peeing in the ocean.

So long as more than 50% of government expenditures are devoted to the military, either current or retired, we’re going to continue running a deficit, barring massive tax increases.

Gale

January 26th, 2010
8:31 am

Thanks for the link, Granny G.

Agreed, Shawny, if a bill cannot be passed on its own merit, scrape it and start over. Congress needs to stop passing mediocre legislation bought by bribing special interests with our money.

Granny Godzilla

January 26th, 2010
8:33 am

thomas

it so easy to find well documented lists of President Obama’s first years accomplishments I would think you’d be ashamed not to google it yourself.

now if you really can’t do it, I’d be happy to help you this once.

go to google

type in “Obama’s first year accomplishments”

and read

but again, if you can’t get it done, i’ll do it for you.

Bob

January 26th, 2010
8:33 am

It’s pretty pathetic that even though dems have all the power, posters here like taxpayer and Jenifer are looking for leadership from repubs. Is that the way you handle power ? Obo lost in Mass just as much as Coakley did so after spending a trillion of so on waste, he now wants to slow spending. When Bush asked for bipartison support for Social Security refom, dems wanted status quo, now dems want support ?

David

January 26th, 2010
8:34 am

We will never get our deficits under control until we reform entitlement spending. Freezing discretionary spending, which makes up a relatively small portion of the overall budget, just won’t do the job.

SOUTHERN ATL

January 26th, 2010
8:35 am

It will be very interesting for the President to follow the money trail of the stimulus to see which states originally turned down the funds and are receiving them now and what they are spending the money on. Jay, I believe that in all of the future major elections (national and local), the candidates are going to be analyzed more closely and it will not matter which party he/she belongs to. The American people are tired of the political atmosphere of the past and “Generation Jones” is on track to cause major changes in elections…..Wake up Georgia….they need to hear us loud and clear!!!

FrankLeeDarling

January 26th, 2010
8:36 am

I have a Idea let’s let congress pay for their own health plan,personal responsibility and all,why should I have to pay their health care ,they don’t pay mine.I wonder what that cost is, and how much could we as taxpayers save by letting them pay for their insurance themselves like every other American.

As for defense spending we could really make some cuts there.

Steven Daedalus

January 26th, 2010
8:37 am

Republicans have never been anything but obstructionists, they have never had a original idea or suggestion.

Gale

January 26th, 2010
8:38 am

Southern Atl, the only problem with the scruiteny is who is doing it and what slant is placed on the interpretation. If each voter doesn’t fact check for himself, we have the same problem. It is propaganda; maybe the facts and statistics presented are true, but what were the conditions and omitted facts. It comes back to an informed electorate.

RW-(the original)

January 26th, 2010
8:40 am

More Obamaspeak or nonsense if you will. What he’s really proposing is an increase over his last proposals.

This isn’t news. In the budget proposal that President Obama submitted to Congress last year, his budget office already projected actual cuts and freezes in “non-defense” discretionary spending for the next three years. That’s in part because of the huge increase in that area of spending that the President requested (and received) for the current fiscal year. To be specific: FY2009 (President Bush’s last budget) had $589 billion in non-defense discretionary spending. That number jumped to $687 billion in FY2010 (Obama’s first budget), and then drops to $641 billion in FY2011, $622 billion in FY2012 and $625 billion in FY2013. So for the White House to now boast that it will freeze non-defense discretionary spending is hardly news. If anything, it’s backtracking on its earlier plans to actually cut that area of spending.

http://alexconant.com/?p=1599

Peadawg

January 26th, 2010
8:40 am

“Obama takes a step — a small step — toward deficit cuts”

One word – FINALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Brian

January 26th, 2010
8:40 am

A lot of the current-year deficit is not caused by increased spending, but by collapsed federal revenues.

WOW!!!! What a very twisted way to look at the problem. If you know you’re revenues are falling, what should you do? Further, when has actual federal spending ever decreased year to year?

Madison

January 26th, 2010
8:41 am

Jimmy Carter, Evidently you fell off that pony a lot!

thomas

January 26th, 2010
8:42 am

Granny godzilla,
Went and did as you requested.

Only problem I still stick to my comments.

I did see something about close Gitmo, funny thing is its still open.

Most of the stuff I saw were political acts NOTHING that helps real people.

Hooray Obama visted Muslim nations….chirp.chirp.chirp

Hooray Obama held a Beer summit after saying the Cambrifge police acted stupidly……only to remember he KNEW NONE of the CASE DETAILS, but he did have a beer summit…..chirp.chirp.chirp

So on second thought I may need you to show me that list of yours, cause my google just isn’t giving me the answers you said it would.

SOUTHERN ATL

January 26th, 2010
8:42 am

Gale@8:38 a.m. I agree with you 100%!! There is so much information out there and most of the time we as citizens can not trust all of the sources!! We have to come up with ways to separate politics from actual facts!!!

thomas

January 26th, 2010
8:43 am

Steven,

NEVER ever ever not once in the history of time?

Over-react much?

Brian

January 26th, 2010
8:43 am

Republicans have never been anything but obstructionists, they have never had a original idea or suggestion.

How about: The Emancipation Proclamation or EPA?

thomas

January 26th, 2010
8:45 am

Brian,

That doesn’t count that was before never, ever.

Go look it up in the history books.

jj

January 26th, 2010
8:45 am

Jay is a master of stating how deficits doubled under previous administrations, but he always leaves out the fact the it was on a much smaller number, and a much smaller percentage of GDP. Pretty important facts don’t you think?
Bush was bad with a -$480B deficit, Obama good with -$1.4 trillion. And yes I agree the -$480B was not good.

thomas

January 26th, 2010
8:47 am

jj,

Obama is a democrat
Bush is a republican

Its not a bad deficit if you agree with the cause and all money spent is bad if you disagree with the cause.

Who needs journalist or human integrity.

Jenifer

January 26th, 2010
8:49 am

“It’s pretty pathetic that even though dems have all the power, posters here like taxpayer and Jenifer are looking for leadership from repubs.”

Bob, if I’d wanted republicant leadership I would have voted for it.

Granny Godzilla

January 26th, 2010
8:52 am

thomas

we have a President with greater legislative success than either
FDR or LBJ and you are unable to spend more than 9 minutes on research.

http://www.esquire.com/the-side/richardson-report/obama-timeline-110309

http://www.slate.com/id/2236708/

to start….

Reality

January 26th, 2010
8:53 am

Democrat’s spending????? Wasn’t it the Republican’s spending that got us in this mess to begin with? How quickly memory fades…. It was BUSH and the republican congress that over spent and created this deficit to begin with. Recall that when Clinton was President (a Democrat), we had a federal budget SURPLUS!!!!! Then, the Bushs got into office and spending went crazy.

And, jj, it is entirely unfair to blame Obama for the 2009 deficit. That budget is largely a result of the residual spending of Bush and his policies. I clearly recall that when a republican gets in office, they always blame their first 3 years on the previous democrat in office. Remember????!!!!!

Wes

January 26th, 2010
8:54 am

Taxpayer,

The WSJ yesterday had a great article about Sen. Coburn’s idea for reducing the redundancy in government. It delays raising the debt ceiling by a few months and cuts about $20 billion this year as opposed to waiting till 2011. Granted I don’t think the rest of the GOP or the Dems will go for it.

Here’s the link if you can get to it.
http://online.wsj.com/article/SB10001424052748704509704575019504062222376.html

TaxPayer

January 26th, 2010
8:54 am

Poor widdle Republicans need a Democrat to show them the way. They just cannot do anything.

Well, except say no.

“No, I don’t want to help. I want to be an obstructionist because I know that it is the only chance I have of getting back in power. I know that I have no chance at all of regaining my rightful throne by helping. So, I Object to helping the people of this once great nation. If I go down, they all go down.” Scorched earth. That pretty much sums up the typical every day average Republican in a nut-shell.

FrankLeeDarling

January 26th, 2010
8:55 am

Leadership Bob? No just participation of a positive sort not just sore loser tantrums.

Reality

January 26th, 2010
8:56 am

As an aside…. I cringe to think that health care reform is dead. The American people have said time and again that we need to STOP getting ripped off by the AMA, drug companies, etc. The US medical system is not even in the top 15 in the world and yet we are number 1 in spending on health care – something is wrong.

Yes, we need jobs, etc. But PLEASE don’t let health care reform die. I don’t give a flip if it is a replican or democrat that takes the lead.

Madison

January 26th, 2010
8:57 am

People, please remember who Jay works for. He has to write these type of articles or the Cox sisters would find someone who would.

GoingBroke

January 26th, 2010
8:57 am

Two simple concepts.. Term Limits.. Fair Tax..

Bob

January 26th, 2010
8:57 am

Brian, you cannot go back in time prior to Reagan on this board. Although dems controlled the house, senate and white house with the exeption of Ike since FDR, we cannot metion things like the environment being so screwed up that a republican had to start the EPA. By limiting history to this smaller window, democrats can make statements like “repubs start wars in countries that did not attack us” and repubs are against clean air and water. Oh, don’t forget, according to dems, we had not budget deficit prior to Reagan and even though dems had vast majorities in the house and senate, the deficit during the eighties was all Reagan’s fault. I guess dem leadeship was as effective under Tip O’neal and George Mitchell than it is under Pelosi and Reid.

lmno

January 26th, 2010
8:59 am

I applaud the effort.

Taxes need to go up now, and more spending cuts need to be made.

Take a look at the history of income taxation in this country. Your taxes aren’t high. In fact, comparatively, your taxes are incredibly low.

Stew Day

January 26th, 2010
9:01 am

Jay, A small gesture?–we need a heavy handed axe to lay upon our bloated budget by the president who actually campaigned on– Cuts, open transparent decisions, change, a new direction in gov’t? Prove it.

Jimmy Carter

January 26th, 2010
9:02 am

Madison

January 26th, 2010
8:41 am

Jealous that I had a pony and you didn’t, huh?

Jenifer

January 26th, 2010
9:03 am

FLD,

Yes, Congress should most definitely have to pay for their own health care.

Please allow me to add injury to insult. Every Congressperson and Senator makes a minimum of $150,000 per year as salary. So why shouldn’t they pay for their own health insurance? But we shouldn’t stop there either. Their retirement pension package should be taken away from them. And with Senators, they can officially retire with a pension after only serving one term (6 years) in the Senate.

Is that a kick in the pants or what?

thomas

January 26th, 2010
9:03 am

Granny Godzilla,

The links you posted, first were opinions and second said the same thing I did.

He has not done much in the form of acts for the people only political acts, and by the way alot of your article spoke of things Obama has pledged or said he would do.

Which to me falls into the GITMO deal. Its one thing to say something, its a lil different to follow through.

RogersParkRob

January 26th, 2010
9:03 am

So he raised the price just to have a sale. It is still to much spending.

Reality

January 26th, 2010
9:03 am

Um, Bob….. I don’t know if you were alive during the Reagon Presidency, but the Congress did whatever he wanted. He was such a populist President, he was able to push through everything that he wanted.

So, yes, I think it is safe to say that all of the good and bad that happened during his terms is his ‘fault.’

How quickly people forget even recent history!

Bob

January 26th, 2010
9:04 am

Franklee, how does standing on the side of the majority compare to being a sore loser ? How can you participate in a positive manner in regard to putting gov in charge of healthcare. If you think I am wrong on that then I guess you think Scott Brown stold the election in Mass.

Madison

January 26th, 2010
9:05 am

Jimmy Carter, Yes, as a matter of fact.

TaxPayer

January 26th, 2010
9:05 am

Wes

January 26th, 2010
8:54 am

How does that compare to Obama’s proposal for a selective spending freeze. It looks like the spending freeze would be much more substantial than Coburn’s $20 billion proposed cut plus several month’s worth delay in hiking the debt ceiling.

Mick

January 26th, 2010
9:05 am

jj
**Bush was bad with a -$480B deficit, Obama good with -$1.4 trillion. And yes I agree the -$480B was not good.**

Don’t forget that bush kept the cost of iraq war off the books as supplementals = 800 billions worth.

Sam

January 26th, 2010
9:06 am

dont you people realize that obama is a complete failure. i mean he hasnt completely fixed the biggest economic mess in our history, a healthcare mess, and global war on terror in his first year… what a waste.

thomas

January 26th, 2010
9:07 am

taxpayer, again I’ll ask.

Since you claim democrats are so wonderful and republicans so bad, eventhough my opinion is they are all a lil evil, then could you please show us all of the great works accomplished by Obama and the house and senate in the past 12 months and 5 days?

I mean they have been in complete control and did not need one single republican vote. But infighting between normal people and the party’s far left wing left them with nothing.

Hell the GOP may screw things up but at least they produce something. So far the onlt thing the democrats have done is assign blame, to an impotent party. One I see you obtained the memo on.

Reality

January 26th, 2010
9:07 am

Bob – OMG! No where in any health care reform bill did anyone state to any measure of degree that “gov” should be “in charge of healthcare.” What type of extremist and inflamatory person are you? Did you even follow any of the real discussion? Or, did you solely listen to the idiots on FOX news?

Bob

January 26th, 2010
9:08 am

Reality you are so wrong, I still remember vividly Tip Oneal and George Mitchell claiming Reagans budget was “dead on arrival”, every year it arrived. Dems spent what they wanted and gave Reagan his military money, they were equals, that is history, you lose !

Normal

January 26th, 2010
9:08 am

Sam coulda done better…

Reality

January 26th, 2010
9:08 am

Sam and thomas: Are you kidding me????? You are judging a President on the results of the first year?

The first Bush blamed Clinton for his first three years. He said that Clinton didn’t handle foreign affairs well enough and so we had 9/11. He said that he had to dramatically increase military spending because Clinton spent too little. And on and on.

Now, you want to say that Obama is a “failure” because he hasn’t cleaned up Bush’s mess in 12 months? Are you SERIOUS?

Jenifer

January 26th, 2010
9:08 am

“dont you people realize that obama is a complete failure. i mean he hasnt completely fixed the biggest economic mess in our history, a healthcare mess, and global war on terror in his first year… what a waste.”

I keep emailing Obama, telling him to bring out that damn magic wand, but he refuses to do so. Stubborn!

Disgusted

January 26th, 2010
9:10 am

Although dems controlled the house, senate and white house with the exeption of Ike since FDR, we cannot metion things like the environment being so screwed up that a republican had to start the EPA.

Nice lie. Nixon, as a good little Republican, was opposed to any kind of federal control of environmental action. He at last had it forced on him, at which point he appointed a council to guide him. Only a fierce partisan could interpret this action as starting the EPA in the face of Democratic opposition.

Jimmy Carter

January 26th, 2010
9:10 am

Reality

January 26th, 2010
9:03 am

If, as you say, Reagan was a populist President who convinced the democrat controlled Congress to pass anything he wanted, then what does it say about Obama, another supposed populist President, who couldn’t get legislation passed with a super majority in Congress?

And since you like to assess “fault”, Obama said if we passed TARP then unemployment wouldn’t go above 8%, but if we didn’t pass it unemployment would go up to 9%. Congress passed it yet unemployment is at 10%. Using your logic, the high unemployment rate is the “fault” of Obama.

LA (the white guy AmVet loves to hate)

January 26th, 2010
9:11 am

Well, looks like Obama contradicts himself on this issue.

His own words.

Obama Campaigned Against Spending Freeze

YouTube: No less than four times during the presidential debates did President Obama actively campaign against an across the board spending freeze.

http://www.realclearpolitics.com/video/2010/01/26/obama_campaigned_against_spending_freeze.html

Granny Godzilla

January 26th, 2010
9:11 am

thomas

really?

the lilly ledbetter act was an opinion?
banning harsh interogation is an opinion?
green lighting California emmisiions standrads is an opinion?
reversing policy on stem cell research was an opinion?

ok, thomas if that’s what you think, best wishes.

Left wing management

January 26th, 2010
9:12 am

And just why do you think Grover Norquist is opposed to it, Jay?

Could it be he doesn’t want any part of half measures when really he’s only interested in hostile schemes that will help bring down the notion of budget, and all that it supports, as we know it?

LA

January 26th, 2010
9:12 am

LOLOLOL

Indonesia mulls tearing down Obama statue

JAKARTA — Indonesian authorities said Monday they are considering a petition to tear down a statue of US President Barack Obama as a boy, only a month after the bronze was unveiled in Jakarta.

The statue of “Little Barry” — as Obama was known when he lived in the capital in the late 1960s — stands in central Jakarta’s Menteng Park, a short walk from the US president’s former elementary school.

Critics say the site should have been used to honour an Indonesian and 55,000 people have joined a page on social networking website Facebook calling for the statue to be removed.

“We’ve been discussing for the past two weeks what to do with the statue… whether to take it down, move it elsewhere or retain it. We’re finding the best solution,” Jakarta parks agency official Dwi Bintarto said.

“Barack Obama has yet to make a significant contribution to the Indonesian nation. We could say Obama only ate and s (expletive) in Menteng. He spent his subsequent days living as an American,” the web page says.

“For the dignity of a sovereign nation, Barack Obama’s monument in Menteng Park must be removed immediately.”

Jimmy Carter

January 26th, 2010
9:13 am

Reality

January 26th, 2010
9:08 am

Bush blamed Clinton for three years, such as 9-11? That happened less than 8 months after Bush took office. If 9-11 is Bush’s fault, then unemployment is surely Obama’s fault, as is bank failures, foreclosures, etc.

Reality

January 26th, 2010
9:14 am

Bob – LOL. Your statement “you lose” clearly shows how immature you are. This isn’t a competition between me and you.

However, go back to your history and see more clearly. The democratic congress did not dare challenge Reagan on his budgets. I challenege you to state a specific year where the congress rejected Reagan’s budget. You cannnot because it did not happen.

Of course there were negotiations. There always are. But, the fact remains that Reagan was a popular President and no congress member was going to go against him for fear of them not getting re-elected.

LA

January 26th, 2010
9:14 am

“Bush blamed Clinton for three years, such as 9-11? That happened less than 8 months after Bush took office. If 9-11 is Bush’s fault, then unemployment is surely Obama’s fault, as is bank failures, foreclosures, etc.”

GREAT POINT!

According to liberals, nothing is their fault and it’s always the GOP’s fault.

Example: When Clinton was disbarred, it was the GOP’s fault.

Wes

January 26th, 2010
9:15 am

Taxpayer,

Obama’s plan from what I understand is looking closer to $10-15B. Probably sometime in mid 2012 to beginning 2013 Obama’s plan is better. The big problem I have is waiting. The longer politicians of any stripe wait (or anyone for that matter) the less likely I think they are to do it.

Reality

January 26th, 2010
9:17 am

Jimmy Carter – You made my point, exactly. It is not Obama’s fault. Thanks.

LA

January 26th, 2010
9:17 am

“Obama takes a step — a small step — toward deficit cuts”

Actually, that describes his presidency pretty well. The man-child is horrible at making decisions.

Why, because he’s had no experience in governing.

LA

January 26th, 2010
9:18 am

“It is not Obama’s fault. ”

Spoken like a true Begala.

NICK

January 26th, 2010
9:18 am

Obama is a lying sack of sh*t! He will continue spend the people’s money who did not vote for him, while the ones that do not contribute anything will benefit.

Hard Right Hook

January 26th, 2010
9:19 am

lmno

January 26th, 2010
8:59 am
I applaud the effort.

Taxes need to go up now, and more spending cuts need to be made.

Take a look at the history of income taxation in this country. Your taxes aren’t high. In fact, comparatively, your taxes are incredibly low.

My taxes are low? How in the world would you know? You pay as much as you want, there, homey. I’m tired of working 65 hours a week to watch 40% of my income dissappear into Federal smoke.

You want an example of how to do it? Look at Ireland, a thriving economy with a sane tax program.

texgent

January 26th, 2010
9:19 am

fiscal drunks that now find sobriety…at least temporarily

Normal

January 26th, 2010
9:19 am

Reality

January 26th, 2010
9:19 am

LA – OMG. You are such an idiot. It was me that pointed out what you quoted. I was pointing out that Bush blamed Clinton – and the republicans accepted it.

And now, republicans are blaming Obama for his “failure” after 1 year.

As usualy, republicans are hypocrites.

Jenifer

January 26th, 2010
9:20 am

Poll Confirms Massachusetts Election Was Not A Rejection Of Health Care Reform

Hey tea partiers and such,

What did Scott Brown do when in the state legislature to get rid of Massachusetts’ health care?

Take your time, do your research, and get back to me.

http://thinkprogress.org/2010/01/25/mass-health-care/

Reality

January 26th, 2010
9:21 am

Jennifer – You do realize that when you ask tea partiers and republicans to “do your research” all they will do is turn on FOX TV. Do you really think that this will help them?

LA

January 26th, 2010
9:23 am

Obama’s Credibility Gap

By BOB HERBERT

Who is Barack Obama?

Mr. Obama is in danger of being perceived as someone whose rhetoric, however skillful, cannot always be trusted. He is creating a credibility gap for himself, and if it widens much more he won’t be able to close it.

LA

January 26th, 2010
9:23 am

“You are such an idiot.”

Jay, since this is the second name I’ve been called this morning, is it ok if I start calling this gal names?

LA

January 26th, 2010
9:25 am

“I was pointing out that Bush blamed Clinton – and the republicans accepted it.”

Do you have proof that Bush blamed Clinton for 911 etc?

FrankLeeDarling

January 26th, 2010
9:25 am

No ,Bob I do not think Brown stole the election,nor do I believe a majority of Americans oppose healthcare reform.

Thanks for the info Jennifer I had no idea members of congress could receive benefits after only one term,no wonder they are so out of touch

Jenifer

January 26th, 2010
9:26 am

“Jennifer – You do realize that when you ask tea partiers and republicans to “do your research” all they will do is turn on FOX TV. Do you really think that this will help them?”

Nah, but I had fun typing it.

LA

January 26th, 2010
9:26 am

“You do realize that when you ask tea partiers and republicans to “do your research” all they will do is turn on FOX TV.”

Well, you gals always turn to fake news, John Stewart, DailyKos and MediaMatters, for your news.

Pot meet kettle.

Outhouse GoKart

January 26th, 2010
9:27 am

Its past time for these entitlement programs and free govt giveaways to end.

LA

January 26th, 2010
9:28 am

“nor do I believe a majority of Americans oppose healthcare reform.”

If that is true then why are democrats not supporting it, why are democrats losing their seats, and why are the anti-government controlled health care advocates winning the debate?

LA

January 26th, 2010
9:29 am

“Its past time for these entitlement programs and free govt giveaways to end.”

Yep!

Outhouse GoKart

January 26th, 2010
9:31 am

Bob

January 26th, 2010
9:32 am

… Tip Oneal spent taxpayer money to have an Metro DC Ambulance drive the Budget to the Captial hill and they stood over Reagan’s Budgets and said “This Budget is DOA … Ron Ramsey …

politics.nashvillepost.com/2009/10/01/did-reaganomics-encourage-folks-not-to-save
Reality, what does this mean, if dems always went with Reagan, why would any budget be DOA. You stating dems always sided with Reagan is just wrong.

Matilda

January 26th, 2010
9:33 am

Congressional Republicans preaching about fiscal responsibility remind me of alcoholics in AA. They’re against irresponsible borrowing and spending NOW. Why? “It’s bad. It’s bad.” When presented years ago with the idea of pay-as-you-go (collect taxes to be spent instead of borrowing), they INSISTED on running a tab their children would have to pay. Now that the drunkenness of unchecked power has worn off, their heads are pounding, and they’ve tasted the embarrassment and consequences of their own bad behavior, they’re singing a different song. “Spending is BAD, and we won’t do it!” Funny that they think we’ve forgotten all times someone else had to go in after their adventures and clean up the vomit, pay for broken glasses, tables, and chairs, post bond, and hire a lawyer. But sure, they’re totally against it NOW. They’ve got a “higher power.” Heh.

LA

January 26th, 2010
9:33 am

“You stating dems always sided with Reagan is just wrong.”

She has no proof that democrats always sided with Reagan. THAT is a pile of crap.

Another lie from a lying liar.

Jimmy Carter

January 26th, 2010
9:34 am

Jenifer

January 26th, 2010
9:20 am

Let me guess, it was Coakley’s fault, right?

If it wasn’t due to a very unpopular health care package, then why is Obama so concerned about the loss to the point that he is now assembling his campaign team to help weaker democrat candidates in the 2010 elections?

LA

January 26th, 2010
9:34 am

“Congressional Republicans preaching about fiscal responsibility remind me of alcoholics in AA. ”

Did you make it through all of your AA classes?

TaxPayer

January 26th, 2010
9:35 am

RIP, “Adam”. Pernell Roberts Jr. was born in 1928 in Waycross, Ga.

lmno

January 26th, 2010
9:36 am

“My taxes are low? How in the world would you know? You pay as much as you want, there, homey. I’m tired of working 65 hours a week to watch 40% of my income dissappear into Federal smoke.”

I wrote that your income taxes are low comparatively to historic levels in this country.

The HIGHEST marginal tax bracket in this country is currently 35%, so I assume you are adding sales, property, and state income tax to your 40% rate you quote.

I will also have to assume that you are in the highest bracket, making over $337,000 a year. Lets assume for arguments sake that you make $500,000 a year and have no deductions or credits. Your effective Federal Income Tax rate is currently around 30%. Only the last $75K you made was at 35%.

Now, if we assume a 3% inflation rate and take your money backwards, it would be equivalent to making to making about $165,000 in 1980. Your marginal bracket then would have been 68% and your efective rate around 50%.

Taking it back to 20 more years to 1955, you would have been earning about $90,000. Your marginal rate would have been 72%, and your effective rate around 55%.

So, I will write it again, your taxes are comparatively very low.

Outhouse GoKart

January 26th, 2010
9:36 am

Massive denial here. The dummycrats boy, Obama, is swirling and tumbling in the ever so Stinky waters of the almightly toilet, with no saviour in sight.

The presidential coconut is about to go under and that will be that.

Jimmy Carter

January 26th, 2010
9:36 am

TaxPayer

January 26th, 2010
9:35 am

On that we agree. I loved Bonanza.

Donovan

January 26th, 2010
9:36 am

Bookman, Tucker, Luckovich, Obama, and all the other Democrat posse just don’t seem to get it. They all come riding into town on their tax and spend horses and put together monster spending packages with all the monster debt involved. Now that they have raised the debt to an all time high of triple the previous figure, they realize that they need to lower it. So what do they suggest? That’s right…cut defense spending and start taxing. We shall revisit the wisdom of this philosophy in November.

LA

January 26th, 2010
9:36 am

Jimmy Carter

You gotta understand liberals. They ALWAYS blame other people for their problems and faults. It’s never their fault something happens because of their insane bills etc….

These are the same people who said that George Bush caused Hurricane Katrina. Same people that said Bush created 911 to get re-elected.

Bottom line: Their days in power is numbered. November is going to be a slaughter.

Jenifer

January 26th, 2010
9:37 am

Tea Party Disputes Take Toll On Convention

Critics say $549 per ticket event is out of reach for many supporters.

First it was Rupert and Faux making a killing off the conservatives. Now we can add the “For Profit” organizers of the Tea Partiers. The cattle are herded… move ‘em up, move’em out, Rawhide!

http://www.msnbc.msn.com/id/35074233/ns/politics-the_new_york_times/

LA

January 26th, 2010
9:37 am

“So, I will write it again, your taxes are comparatively very low.”

Thanks Joe Biden!

lmno

January 26th, 2010
9:38 am

“Its past time for these entitlement programs and free govt giveaways to end.”

OK, so lets say you wave your wand and do that. Now you have reduced spending by 1%! Way to go!

TaxPayer

January 26th, 2010
9:39 am

Congressional Republicans preaching fiscal responsibility reminds me of Congression Republicans preaching family values or ethics reform or transparency… A lot of pulpit. No pulp. Just watered down sweet talk. Grape flavor-aid.

Gordon

January 26th, 2010
9:39 am

I applaud Obama for starting this. But as Jay wrote, entitlements are where the money is. I would recommend eliminating the payroll tax (FICA) and bringing that into the general income tax which would need to be raised. But the majority of this will have to be cuts in entitlement programs. Taxes cannot be raised high enough to pay for the massive amount of money that is owed. Remember, the problem isn’t just the deficit (1.7T) or the debt (12T), but the unfunded liability of the the big 3 (100T between Medicare, Medicaid, and Social Security). That isn’t counted as official debt because the federal government isn’t legally required to pay it, but obviously most of those obligations will have to be paid to avoid a meltdown. High inflation will have to pay for part of this as well, which has the same effect as a tax increase.

Republicans better understand that a lot of people understand this issue better than they think. If they play around with this they will pay for it.

Matilda

January 26th, 2010
9:39 am

LA, sorry to disappoint you, but I was always the one picking up the pieces, not the drunk one. I’m sure you’ll think of some other way to wound me with an insanely clever personal insult, though, sparky.

LA

January 26th, 2010
9:39 am

“Tea Party Disputes Take Toll On Convention”

LOLOL!!!!!!

Keep on dreamin’.

LA

January 26th, 2010
9:40 am

“I’m sure you’ll think of some other way to wound me with an insanely clever personal insult, though, sparky.”

Personal insult? You mean like when bloggers call someone a dick or an idiot?

thomas

January 26th, 2010
9:40 am

Granny Godzilla,

I understand you do not agree with me nor like my opinions or views.

However please try to read what I actually write instead of seeing what you wish.

I said the pieces written were that of opinion. Just like jay’s pieces are opinion. That does not mean the piece includes no facts. Just like the cases you mentioned are indeed fact.

But apparently the part you didn’t see or didn’t want to see was my comment about how his actions have not helped American people only his political captial and adventure.

None of those programs significantly improved the economy, jobs situation or the deficit.

In my opinion they were nothing more than pandering to the base.

Does outlawing those interrogation techniques, does that fall into the catagory of GITMO, you know say one thing for support then only do it when it is convienent?

Gordon

January 26th, 2010
9:41 am

Imno at 9:38,

You are confusing welfare (about 1 or 2 percent of the budget) with entitlements like Social Security, Medicare, and Medicaid, which along with interest will consume the entire revenue of the U.S. government in a few years.

Jenifer

January 26th, 2010
9:42 am

“Jenifer

January 26th, 2010
9:20 am

Let me guess, it was Coakley’s fault, right?

If it wasn’t due to a very unpopular health care package, then why is Obama so concerned about the loss to the point that he is now assembling his campaign team to help weaker democrat candidates in the 2010 elections?”

JC,

The questions was:

What did Scott Brown do when in the state legislature to get rid of Massachusetts’ health care?

Take your time, do your research, and get back to me.

Outhouse GoKart

January 26th, 2010
9:45 am

It simply doesnt matter. The dummycrat party is in full meltdown with very little chance of stopping it. These Dems who are retiring understand which way the wind is blowing, hence, the “rats jumping ship”.

After the 2010 elections the presidential coconut will be a castaway…he and his ideological nightmares.

LA

January 26th, 2010
9:46 am

Liberals are in total denial that America hates government controlled health care. They are also in total denial that the backlash is against Democrats.

BOO HOO!

FrankLeeDarling

January 26th, 2010
9:47 am

Let’s stop funding private military contractors like blackwater and give the money to REAL soldiers.

thomas

January 26th, 2010
9:47 am

jenifer,

Any idea why Coakley held a near 20 point lead according to some polls as late as mid december,

Only to lose in a landslide a few short weeks later.

Alot had to do with the Kennedy, low tax ad produced by Brown and alot had to do with the fact Mass. doesn’t want to pay for the rest of the country’s HC when their state already has their HC covered.

LA

January 26th, 2010
9:48 am

I’m going to take a guess and say that the libs on this blog would be all for this forum.

Capitalism’s woes cheered at World Social Forum

PORTO ALEGRE, Brazil – Leftists are pouring into town to rail against freewheeling capitalism during the World Social Forum, gleefully cheering the humbling of bankers and business titans by the global economic meltdown.

At the opening of the five-day event, some 25,000 activists paraded exuberantly through Porto Alegre on Monday, serenaded by the pounding of drums and salsa blared from sound trucks as they waved communist flags and shouted slogans against corporate greed.

The 10-year-old conference is the left’s counter to the World Economic Forum at Davos, a Swiss ski resort where presidents, corporate leaders and others gather annually to discuss international issues. It is also being held this week.

Gustavo de Biase, a 22-year-old Brazilian wearing a shirt proclaiming “Socialism is Liberty,” said the world’s leftists are convinced they can get presidents from the U.S. to Brazil to embrace policies “of respect and equality aimed at lifting the poor out of misery.”

“We want to distribute the riches to people,” he said. “We’re fighting for a more equal society and we’re saying ‘Down with hunger’ and ‘Down with war.’”

LA

January 26th, 2010
9:49 am

“Let’s stop funding private military contractors like blackwater and give the money to REAL soldiers.”

Let’s also stop funding Acorn and Planned Parenthood and give money to REAL soldiers.

LA

January 26th, 2010
9:51 am

thomas,

Jennifer is in denial. This same person claimed that Bush killed 3000 people on 911. She’s insane.

Outhouse GoKart

January 26th, 2010
9:52 am

I hope and pray that Arlen Spector will be tossed in the garbage pail of history.

PS…I guess his switching party idea is gonna bite him in his old, saggy rear-end.

AHH HAHAHAAA!~

Mark

January 26th, 2010
9:52 am

People like LA are inn total denial of the fact that a majority of Americans are in favir of the “public option,” – the closest that the health care reform has come to “government controlled health care.” (It still would be no government control.)

FrankLeeDarling

January 26th, 2010
9:52 am

You beat me to it Jennifer,healthcare is a non issue in Mass. they already have it and nobody wants to change it.

Matilda

January 26th, 2010
9:52 am

FrankLD at 9:47, YES! Why is it groups back home (like the GVVA) are scrambling for donations to help soldiers and their families scrape by, (please give!) while private contractors (paid for by our tax dollars as well) are raking in upward of $100K apiece? Also, who’s auditing Halliburton since they moved their HQ to Dubai? Anyone?

Man behind curtain: “Pay no attention to the man behind the curtain! LOOK! Over there! It’s a poor family whose kid needs to see a doctor! THEY are the cause of all our financial problems!”

Jenifer

January 26th, 2010
9:52 am

Universal health insurance now!

jconservative

January 26th, 2010
9:53 am

Have our cake and eat it too! That is what we, as a country, decided we could do during the Reagan administration. We decided that it was OK to cut taxes but not cut spending. And we have done that every year
since, cut taxes and increase spending. The money to pay for the tax cuts and the increased spending would come from some vaporous pie in the sky. But we had more money in our pockets to help pay the interest on our credit cards. And that made it OK.

Lets see, if I remember correctly, the idea was if we cut taxes, people with a lot of money would create/expand businesses, more people would work for higher wages/salaries, pay more taxes, and the deficit would disappear. So that is what we decided to do. And we did it.

But no one thought that those people with a lot of money would use the tax savings and move companies and plants to locations in other countries. But that is what happened isn’t it? Move production to Mexico, Indonesia, India & China. And US citizens working for higher wages/salaries? Actually the opposite happened. Wages/salaries for the vast majority flattened and then decreased. Not for everyone, but for most.

The bottom line? Well, in January 1981 when Reagan was sworn in as the
40th president, the national debt was $934 billion. Today, January 26, 2010 the national debt is $12.3 trillion.

So our experiment in cutting taxes and increasing spending failed.
Failed miserably.

Now we have 75% of the electorate up in arms wanting something done about the increasing debt. What to do, what to do? I know! Lets get rid of those who got us into this mess. We will vote out those who cut taxes and increased spending and replace them with people who will cut taxes and increase spending. See this is so simple.

My apology for the length of this but the soapbox was there & I have 28 years of frustration built up.

Outhouse GoKart

January 26th, 2010
9:55 am

Save money you say? Lettuce start with State issued cell phones, credit cards, company cars etc. Lettuce have some accountability with regard to State employees reimbursement and begin the old fashioned firings.

Private industry must layoff/fire employees, take company cars, withdrase ee perks (401k company match as an example)…its time PUBLIC entities do the same.

El Jefe

January 26th, 2010
9:56 am

By freezing the budget in 2011, it appears that with the extra deficits imposed by a possible healthcare “reform” and all the other grand spending schemes, seems there will not be much discretionary spending – most will go to debt maintenance.

The plan to help the middle class is laughable at best and shows the skewed view this administration has of what the middle class needs.

DAVID:AJC Truth Detector

January 26th, 2010
9:56 am

OBAMA:……………Quit the massive irresponsible borrowing….& spending……..

Granny Godzilla

January 26th, 2010
9:56 am

thomas

equal pay for women does not help people?
curbing emissions does not help people?

let’s go back to your original statement shall we. posted in it’s entirety so as to prevent “out of context” accusations:

***************
Why are you all calling for the republicans to do something?

Democrats had the house, senate and oval office all under their control and all they did was pass a stimulus bill that as of yet has provided little relief and tried to pass other numerous spending bills, with little success.

You had 60 votes and a super majority. Anything you wanted to do you could have, except you allowed the far left factions to control what was done and weild their power with a no give attitude.

So please save the republican party of no and any other request of republicans until you are able to honestly acknowledfge the failure to produce anything in the 12 months and 5 days since gaining total control of the government.

But the GOP does make a good boogie man scapegoat.
****************

This is what you wrote and it remains disingenous. Any attempt to qualify your statement after the fact is too.

Oh, and I and economists from both sides of the political divide would disagree that he has not impacted the economy signifigantly. Another 9 minute project for you.

Best Wishes.

Jenifer

January 26th, 2010
9:57 am

“You beat me to it Jennifer,healthcare is a non issue in Mass. they already have it and nobody wants to change it.”

Damn straight they don’t want to change it.

DAVID:AJC Truth Detector

January 26th, 2010
9:57 am

AJC readers::::::Beward of ELLIE LIGHT…….she is on the move for the White House…as a member of the Obama propaganda machine.

Normal

January 26th, 2010
9:59 am

jconservative

January 26th, 2010
9:53 am

Well, said…you can use that soap box anytime…

DAVID:AJC Truth Detector

January 26th, 2010
10:00 am

ELLIE LIGHT::::::::::::Where are you today…Reveal yourself..Come out of the closet…….Elllie Light

Sam

January 26th, 2010
10:00 am

i love grape kool aid..

Astonished

January 26th, 2010
10:01 am

Obama is truly an embicile. What does that say about those who continue to try and justify his every dumb idea? How did you feel about your brilliant leader when he used his teleprompter to speak to a grade school classroom last week? That sets a presidential low not seen since old Jimmy Carter. Hopefully, we can survive the remaining three years of this clown’s term in office. How’s that “hope and change” working for you? Enjoy your tax increases.

First Sergeant

January 26th, 2010
10:03 am

JD at 8:19, I ask this very question everyday, particularly, when I read Jay and Cynthia’s Opinion pages. The GOP party posters here and there act as though the 8 years of mismanagement by the Bush administration never happened. They flat-out refused to speak out in opposition to the 8 years preceding President Obama, but quick to judge as he works to fix this mess. The GOP party posters did not hold their elected representatives accountable during the Bush years, while the world in and around us collapsed and today, they are still not holding them accountable, as the GOP party is doing nothing to help America recover.

lmno

January 26th, 2010
10:03 am

“You are confusing welfare (about 1 or 2 percent of the budget) with entitlements like Social Security, Medicare, and Medicaid, which along with interest will consume the entire revenue of the U.S. government in a few years.”

You’re right. I suppose I didn’t think anyone was insane enough to propose doing away with those programs altogether.

There is no private pension program in this country anymore. There is only defined contribution plans and even they aren’t universal. And they are drastically underfunded. If we were to do away with Social Security, we’d be totally screwed.

Medicare is a tougher nut to crack, but Social Security can be “fixed” simply by raising the retirment age to 70 and lifting the cap to 200,000 from 100,000. Done and done.

Outhouse GoKart

January 26th, 2010
10:06 am

Its about to become a “pile-on” situation for Barry and his party as the in-fighting begins to accelerate…AHH HAHAHAHAA!!

Chief of Staff Draws Fire From Left as Obama Falters
http://www.foxnews.com/politics/2010/01/26/chief-staff-draws-left-obama-falters/

Jenifer

January 26th, 2010
10:07 am

First Sergeant, 10:03,

You nailed it.

Normal

January 26th, 2010
10:07 am

First Sergeant

January 26th, 2010
10:03 am

Well said also, and very true…

FrankLeeDarling

January 26th, 2010
10:07 am

Not only do we overpay military contractors many are not even worthy to serve in the armed services some have dishonorable discharges.

Sam

January 26th, 2010
10:08 am

jCon, reagan tripled the national debt to pay for those wonderful tax cuts, just like Bush 1 and Bush 2…why is the debt/deficit only an issue when a democrat is in office?

Redneck Convert (R--and proud of it)

January 26th, 2010
10:08 am

Well, seems to me there’s only one thing that can take care of this budget mess. Forget freezing spending. What we need is another big Tax Cut.

All the real smart Republicans say that the more you cut taxes the more income the guvmint takes in. So let’s just get rid of all the taxes. The guvmint will be rolling in so much money it’ll need a bulldozer to shove it out the door and into peoples hands.

That’s my opinion and old Grover and all the other Republicans say it’s true. Have a good day everybody.

Outhouse GoKart

January 26th, 2010
10:09 am

First Sergeant

January 26th, 2010
10:03 am

Ah yes…the ole blamegame…sorry kiddys, Barry owns it!

thomas

January 26th, 2010
10:10 am

Really, Granny

When does that act go into effect? Cause my wife and most her friends still make less.

BTW just because you say so does not make something disingenous, I know its hard for us all too.

Not all economist and any representaion is nothing short of a lie, something you would never do.

How is that over 10% unemployment doing?

We won’t agree you are uncaple of admitting fault by Obama, as I know you put alot of you personally at stake during the campaign. Its tough saying i’m wrong.

And me i am for limited government. I feel if you want to succedd there is nothing STOPPING any of us or any American citizen from success, except ourselves.

Its easy to blame others for our faults and that is why we will most likely forever disagree, and i will not be bullied as you have so many others here.

Sam

January 26th, 2010
10:10 am

and one more thing, when reagan took office the debt was approx 700b, when he left it was approx 3t..

Granny Godzilla

January 26th, 2010
10:11 am

Granny Godzilla

January 26th, 2010
10:13 am

thomas

thanks for your opinion and best wishes.

Jenifer

January 26th, 2010
10:14 am

“jCon, reagan tripled the national debt to pay for those wonderful tax cuts, just like Bush 1 and Bush 2…why is the debt/deficit only an issue when a democrat is in office?”

I would be interested to read your answer to this question as well.

thomas

January 26th, 2010
10:14 am

Jenifer

January 26th, 2010
9:57 am
“You beat me to it Jennifer,healthcare is a non issue in Mass. they already have it and nobody wants to change it.”

Damn straight they don’t want to change it.

So why not let ALL state decide the Health Care issue for the members of its own state?

People would move if they didn’t like it. Or would that be too much of a limit to Federal gov’t power for you to accept?

thomas

January 26th, 2010
10:15 am

Granny, you too and best luck w/ grandbaby.

I hope its for limited gov. though!

Jenifer

January 26th, 2010
10:16 am

“thomas

thanks for your opinion and best wishes.”

LMAO, Good one, GG.

Doggone/GA

January 26th, 2010
10:16 am

“Obama is truly an embicile”

If you’re going to call someone an imbecile…it’s a good idea to be sure you know how to spell it first. Otherwise, you know, someone might think YOU are an imbecile.

Mick

January 26th, 2010
10:17 am

Obama bashing continues it crescendo but can someone please tell me what the republican plan is besides saying no?

getalife

January 26th, 2010
10:18 am

” * OpenLeft: “This is Bush-style idiocy.”
* Americablog: “I guess Evan Bayh and Ben Nelson will think it’s a good idea.”
* 538: “…on par with John McCain’s “suspending my campaign” gaffe.”
* Orange Satan: “…unalloyed idiocy.”
* MyDD: “Barack Obama may as well hold up a big sign that says, “I want Democrats to lose Congress.”
* Atrios: “We are ruled by idiots.”
* DeLong: “…a perfect example of the fundamental unseriousness of Barack Obama and his administration.”
* Digby: “We are all neo-Hooverists now.”
* Yglesias: “I suspect this initiative was deliberately leaked to progressive bloggers in an effort to get denounced by the left and I don’t want to give them the satisfaction.”

Jay does not get the memos?

Whacks Eloquent

January 26th, 2010
10:19 am

thomas,

“And me i am for limited government. I feel if you want to succedd there is nothing STOPPING any of us or any American citizen from success, except ourselves.

Its easy to blame others for our faults and that is why we will most likely forever disagree, and i will not be bullied as you have so many others here”

Well put, and may I add there is no Constitutional promise that success will be easy. To the contrary, most American success stories are the direct result of hard work. That is an endangered quality in this day and age…

Outhouse GoKart

January 26th, 2010
10:19 am

“So why not let ALL state decide the Health Care issue for the members of its own state?”

Thats just good common sense! But no…the dims and Barry want to force HCare on everyone. Let them continue to try as it will seal their fate. And even if OboboCare were to pass there are any number of State Attorneys General ready to file lawsuits. Smart policitians will move away from this OboboCare debacle and possibly save their careers.

Cuba Libre

January 26th, 2010
10:19 am

As always Mr. Bookman, in typical counter fashion your a misleading bleeding die-hard leftist Democrat, your article was actually good until the very end. You had to chime in your liberal agenda at the end of the article, I see you didn’t mention your other demi-god Bill Clinton just the past Republican Presidents with semi-accurate dialogue. I don’t see what that those people have to do in today’s terms. In typical Democrat tactical rhetoric, Bush did this, Bush did that, etc. Clinton, Reagan, and the Bush’s are no longer President your, poor little lost empty suit savior is. What you purposely omit by not mentioning former President Clinton with those other former Presidents as if Billy took all the credit, c’mon on now. Mr. Bookman I don’t need to remind you how the federal Government works and who holds real power for policies and legislation. The fact was Republicans controlled congress from 1994-2000 and were responsible for keeping Mr. Clinton in check by cutting spending and making deficit cuts during those lovely Clinton years, funny you don’t mention that. I need also remind you that the Democrats controlled the Senate from 1986-1994 during Reagan’s second term and all of the first George Bush’s 4-year term which coincide with your hidden transgressions against those two other former Presidents during the period you mentioned. Oh by the way you didn’t mention the financial mess good Ole Jimmy created & left from 1976-1980 that Mr. Reagan had to clean up and actually turn around. You see Mr. Bookman, your article is Swiss Cheese…lots of holes !! Spoken like a true Democrat, I’m proud of ya kid !!

Jenifer

January 26th, 2010
10:20 am

“Obama bashing continues it crescendo but can someone please tell me what the republican plan is besides saying no?”

As near as I can tell, there isn’t one.

LA

January 26th, 2010
10:21 am

“People like LA are inn total denial of the fact that a majority of Americans are in favir of the “public option,””

That MUST be why they have not passed the bill.

LOL!

stands for decibels

January 26th, 2010
10:22 am

Jay does not get the memos?

Alas, Jay’s never been a dirty effing hippie.

thomas

January 26th, 2010
10:22 am

Jenifer have you even looked for any republican plans.

Seems they propsed quite a few but the Democrats rejected and oppossed them ALL.

Then they held secret meeting to make their lil deals, so how would you or any elected democrats know what any republican ideas are.

Mick

January 26th, 2010
10:22 am

**Then they held secret meeting to make their lil deals, so how would you or any elected democrats know what any republican ideas are**

We know what their idea is tax cuts! See how well that worked out.

Outhouse GoKart

January 26th, 2010
10:22 am

Rep plan? We will let you know when we are ready. For now lettuce all bask in the glow of “The Shooting Star” aka Barack Obama.

How sweet it is!

Sunny Daze

January 26th, 2010
10:25 am

It’s as if we have created a monster called big government spending and now we are unable to bring it under control. The monster now has a mind of it’s own with a focus on destroying us. Bringing down the monster ,although not out of the realm of possibility, is highly unlikely. The monster has grown extremely large and has unseen momentum in it’s quest to bring down the greatest country on this planet. Will the destruction of America happen without firing a single shot? Our children could face unimaginable hardships at the hands of this monster if it is not brought under control. The collapse of our government and society will result in immense lawlessness, extreme panic, and widespread death which will be of biblical proportion. Perhaps our demise is foretold because we have determined the identity of our greatest enemy.We now see it as a reflection in our mirror. Should we not all do our part to destroy the monster, then may God help us all.

El Jefe

January 26th, 2010
10:25 am

First Sergeant,

Sorry to disappoint you, but a lot of us were very disappointed and expressed this to our elected representatives.

I, for one, protested Medicare part D, the border problem, spending, No Child left behind and a host of others –

What the left forgets, this isn’t a left or right problem. It is a fight between the one that think only government can solve any problem and those that think government is the problem.

FrankLeeDarling

January 26th, 2010
10:25 am

Great link GG,coked out alcoholic losers getting paid from taxpayer money, sounds like a certain ex president.
Meanwhile I have friends in Afghanistan welding scrap to their vehicles while these scumbags drive by in multimillion dollar vehicles.

samuel

January 26th, 2010
10:26 am

Actually, the national debt more than quadupled ( from $995 billion to $4.3 trillion) from Fiscal Year 1981 (Jimmy Carter’s last budget) to FY 1993 (George H.W. Bush’s last budget).

Whacks Eloquent

January 26th, 2010
10:27 am

“So why not let ALL state decide the Health Care issue for the members of its own state?”

Funny, I do believe that falls under the Constitution? Maybe? Oh yeah, that nifty little 10th Amendment! In case you are not familiar, here ya go:

“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

Of course, that only means something if you respect the Constitution as it was framed…but then again, this amendment in particular gets peed on a lot, by both major parties.

Road Scholar

January 26th, 2010
10:30 am

Thomas: “So why not let ALL state decide the Health Care issue for the members of its own state?”

Interesting concept! Didn’t one of the bills now dead have a provision that encouraged interstate commerce that allowed insurance companies to cross state lines, and to allow for non-profits to form insurance coops?

Like the federal insurance options available to congress, they have an oversight department, but do not have a healthcare administration office.

Granny Godzilla

January 26th, 2010
10:32 am

GOP Healthcare plan here

http://www.gop.gov/solutions/healthcare

CBO score on GOP Healthcare Plan

http://cbo.gov/ftpdocs/107xx/doc10705/hr3962amendmentBoehner.pdf

Posted without comment…..

Cuba Libre

January 26th, 2010
10:34 am

Jenifer, you must be another government educated hypocritical Democrat. It was OK for the left-wing media, congress, the senate, Hollywood and every liberal socialist in between to bash, insult and tear apart Bush for 8 years but it’s not OK to make comments on Obama, I get it. Oh by the way, all those tax-cuts you enjoyed over the Bush years end Dec. 31st 2010, your party wants to raise them and then some in the middle of economic crisis with no jobs. Mental midget.

Hard Right Hook

January 26th, 2010
10:35 am

lmno

January 26th, 2010
9:36 am
“My taxes are low? How in the world would you know? You pay as much as you want, there, homey. I’m tired of working 65 hours a week to watch 40% of my income dissappear into Federal smoke.”

I wrote that your income taxes are low comparatively to historic levels in this country.

Really?

The HIGHEST marginal tax bracket in this country is currently 35%, so I assume you are adding sales, property, and state income tax to your 40% rate you quote.

You can “assume” anything you want. You have no knowledge whatsoever of my tax burden. Your job at the drive-thru at Wendy’s means you probably don’t pay ANY federal income taxes. But you act like you’ve been appointed as the spokesman for the taxcode. We already have one tax-cheat/moron doing that job; his name is Charlie Rangle.

And this ain’t 1955, in case you hadn’t noticed. See what happens when you assume?

thomas

January 26th, 2010
10:35 am

Mick,

Funny that one of the saints of the democratic party felt the same way and felt one should NEVER raise taxes in times of tough economics.

Do you remember John F. Kennedy?

Strange we were never taught in history that he was a republican.

BTW no republican has ever said anything about control entitilement spending, and what for it cutting some of the massive pork in these bills.

But hey its a good line so tick with it.

Me Again

January 26th, 2010
10:36 am

Line Item Veto…the only true way to prove you are serious about cutting spending. Anything else is political conjecture and window dressing from both sides of the aisle.

Outhouse GoKart

January 26th, 2010
10:36 am

Lettuce hope DJ bounces up from the 10,000/10,200 levels with nice volume or its hello DJ 9400’s.

Barry needs a basic understanding of economics since the crash course seems to be failing him.

Outhouse GoKart

January 26th, 2010
10:38 am

Line Item Veto…Absolutely!

TaxPayer

January 26th, 2010
10:38 am

Well, I got my tax cuts. Some of y’all apparently did not get your tax cuts though. Too bad.

Jenifer

January 26th, 2010
10:38 am

GG, 10:32,

I read them both. Now I’m nauseous as hell.

Normal

January 26th, 2010
10:39 am

Me Again

January 26th, 2010
10:36 am

Absolutely!

Mick

January 26th, 2010
10:39 am

As for entitlements, they should never be cut but strengthened. Full retirement benefits for social security and medicare at 62.5.

Granny Godzilla

January 26th, 2010
10:41 am

Me Again

we’d all love line item veto, SCOTUS says no.

FrankLeeDarling

January 26th, 2010
10:42 am

Looks like the republican plan sucks GG,I hope they have something better than that,I had to hold my nose just to read it.

Independent

January 26th, 2010
10:42 am

Jenifer, that’s not a magical wand of Obama’s, it’s Hillary’s broomstick.

thomas

January 26th, 2010
10:42 am

Mick,

How you wantin to pay for that?

getalife

January 26th, 2010
10:43 am

Sam

January 26th, 2010
10:43 am

the only taxes that are getting raised are on the wealthy, the rest of us are getting nice tax cuts. hell i paid the lowest amount in 10 years last march, i’m sure this year will be even lower. if the wealthy need to pay a little more for now, so be it. i’d rather the middle calls gets some relief than the upper class. i mean who needs it more?

FrankLeeDarling

January 26th, 2010
10:44 am

#1 baby yeah!

Outhouse GoKart

January 26th, 2010
10:44 am

No HCare revisions as any govt attempt at “bettering” things will result in yet another captiol hill failure by our elected theives and con-artsits.

These guys, Rep and Dim, are so out of touch its beginning to become scary.

marko

January 26th, 2010
10:47 am

If democrats were more like republicans, Bill Clinton would be lecturing us all on marital fidelity. Tax and spend democrats or borrow and spend republicans. It’s like trying to chose between Roseanne Bar or Rosie McDonald at closing time. Voting would be much easier if our elected heros did’nt insist on closing the bars on election day.

chuck

January 26th, 2010
10:49 am

AmVet, do you really have any integrity at all when it comes to trying to prove your point? The article you quoted was from 1996. I believe that the man in charge then was a democrat.

However, here are some more recent statistics for you: The top 1% of earners pay 21.20% of all taxes paid at an average rate of 24%, the top 2 – 5% of earners pay 14.55% of all taxes at an average of 18% (Top 5% pay @36% of all tax) The bottom 50% pay 3% of all tax collected at an average rate of 2.98%.

So get off of this soak the rich soapbox you have been on ad nauseum. You are already soaking them.

stands for decibels

January 26th, 2010
10:51 am

You are already soaking them.

Won’t somebody think of the rich and powerful? They give so much and ask so little in return!

Outhouse GoKart

January 26th, 2010
10:51 am

getalife

January 26th, 2010
10:43 am

Great article.

TaxPayer

January 26th, 2010
10:51 am

Actually, the wealthy are the ones getting the most back in tax cuts.

Outhouse GoKart

January 26th, 2010
10:53 am

Barry is goin down in flames!!

How many of you Obama voters are experiencing “buyers remorse”?

Matilda

January 26th, 2010
10:54 am

Hey Marko! C’mon now, you know which chick you’re gonna choose: the one that tells you what you want to hear!

getalife

January 26th, 2010
10:54 am

Total public debt outstanding Jan. 22 $12,302,465

That is 12 trillion from the AP.

Jimmy62

January 26th, 2010
10:55 am

Defense, education, health, you name it, those are a drop in the bucket. Until we get serious about changing retirement benefits to be a closer match to life expectancy, there’s nowhere to go but chaos and destruction.

thomas

January 26th, 2010
10:55 am

Yes that republican proposal is horrible.

-Who wants a guareentee of insurance regardless of prior conditions. Not me!
-Who would want Lower premiums a reduction of 7-15% according to the CBO? Not Me!
-Allowing dependants to stay on insurance after 25? Not Me!
-Pooling small business together to achieve a lower premium? Not Me!
-Cutting spending by 49 million and increasing revenue by 27 million? Not me!
-Requirements that the Secretary of Health and Human Services (HHS) adopt
and regularly update standards for electronic administrative transactions that
enable electronic funds transfers, claims management processes, and
verification of eligibility, among other administrative tasks. Those provisions
would result in about $6 billion in federal savings in Medicaid. In addition,
those standards would result in an increase in revenues of about $13 billion
as an indirect effect of reducing the costs of private health insurance plans? Not Me!

And here all this time I thought republicans were ONLY proposing to cut taxes?

TaxPayer

January 26th, 2010
10:56 am

Of course, it is not exactly rocket science when it comes to figuring out that the rich pay more of the taxes. After all, they made all the money. Otherwise, they would not be wealthy and they would pay less in taxes unless they just inherited it all. I guess some people think that each person should pay a fixed dollar amount for taxes so that everyone pays the same. Now wouldn’t that be a sight. Of course, the wealthiest of the wealthy do manage to get closer to that ideal than others.

pat

January 26th, 2010
10:57 am

So obama triples spending in 6 months, add 10% to the total national debt, and now he’s saying ooops?! Seems obama is doing a lot of back peddaling lately. We have a 3/4 billion dollar stimulus that did jack monkey for the economy most of what has been released has been wasted, We have 0ver 10% unemployment, and a dollar that envious of the cuban peso….Now he figures out it’s all mistake and now he wants to cut spending? Shouldn’t the spending cuts been done first?

So here it is I am going to say it….TOLD YA! You can’t spend your way out of a recession. The concept defies all logic.

We took 768 billion dollars and gave it to coperate execs and other government beaurocrats, look how swell that worked. You you want these blithering morons to be in charge of your health?

We owe the people of MA a debt of gratitude.

Mick

January 26th, 2010
10:58 am

**How you wantin to pay for that?**

I’ll gladly pay a little more to benefit myself and all americans. God willing, we all get old, those programs benefit the general welfare and domestic tranquility of the country.

Sunshine and Thunder

January 26th, 2010
10:59 am

So Obama wants to freeze spending? Wow. Just goes to show ya that even in a barn full of horse poop there’s often a shiny new pony.

FrankLeeDarling

January 26th, 2010
10:59 am

If you are a lobbyist with enough money I think you can get them both to come home with you marko.

Matilda

January 26th, 2010
11:00 am

Outhouse at 10:53, I’m man enough to cop to the truth. I like him, but he hasn’t fought as hard as I wanted for the things that matter, IMO. I’m willing to give him more time (retardo-boy stuttered at us for 8 years, so I’ve learned patience), but I will have buyer’s remorse if we come away w/o serious healthcare reform, w/o REAL equality for our gay citizens, and still entrenched in two wars with no real mission.

BTW, the President will earn serious points with me when he calls Senator McCain into his office and demands to know what he meant by “I can get Bin Laden. I know how to get Bin Laden. I will deliver Bin Laden,” and why the good patriotic senator hasn’t come forward with that information before now.

Sam

January 26th, 2010
11:00 am

i’m not seeing too many tax cuts for the wealthy…am i missing something?

Sam

January 26th, 2010
11:02 am

Outhouse, considering the alternative i’m still okay with my decision. hell mccain may have dropped dead by now (not that i’m hoping for it) and imagine where that would have left us…scary thought.

Mick

January 26th, 2010
11:02 am

**How many of you Obama voters are experiencing “buyers remorse”?**

Not yet – it gets a litte easier if you try to envision where we would be with mccain/palin.

pat

January 26th, 2010
11:03 am

“How many of you Obama voters are experiencing “buyers remorse”?”

Not me, I was never fooled.

LA

January 26th, 2010
11:03 am

“How many of you Obama voters are experiencing “buyers remorse”?”

ME! I’ve said it over and over again.

Matilda

January 26th, 2010
11:03 am

Mick, at 11:02, that it does. ACK!

Sam

January 26th, 2010
11:03 am

pat you are clueless and your spelling sucks.

Outhouse GoKart

January 26th, 2010
11:03 am

This Obama-Mess will linger for years to come with a policital backlash of huge proportions. What a great time to go underground and save some greenbacks!! 3 years underground will net your friend, Outhouse GoKart, enough liquidity to emerge and purchase YOUR foreclosed house with a 65 to 85% downpayment!!

Please let your mental images/wavelengths be only positive when praying for your friend, Outhouse GoKart, and his future successes. Perhaps I might even rent you a room! What a GREAT opporutunity!!

LA

January 26th, 2010
11:05 am

“Not yet – it gets a litte easier if you try to envision where we would be with mccain/palin.”

You mean, lower unemployment, not having to deal with government controlling health care, not having to worry about another terrorist attack…………..?

FrankLeeDarling

January 26th, 2010
11:05 am

I agree Mick we may still be on the titanic but at least we avoided the Mccain /Palin iceberg

Mick

January 26th, 2010
11:06 am

**not having to worry about another terrorist attack…………..?**

I thought we were the home of the brave?

Outhouse GoKart

January 26th, 2010
11:07 am

I will agree, in that, McCain/Palin wasnt much of an alternative.

TaxPayer

January 26th, 2010
11:07 am

McCain/Palin represented the “best” of what the Republicans had to offer. Ewwwww.

pat

January 26th, 2010
11:07 am

Sam, sam…My spelling does suck. I don’t need clues, the back pedaling by this administration is proof I was right all along, I don’t need your approval, the facts speak for themselves.

LA

January 26th, 2010
11:07 am

“I agree Mick we may still be on the titanic but at least we avoided the Mccain /Palin iceberg”

Instead we have the SS TitanicObama.

Steve

January 26th, 2010
11:07 am

Herein lies the need to have people with experience running businesses in office. Hard decisions need to be made concerning where to cut the budget. Career politicians (Dems & Reps) will not make those decisions. They either don’t have the necessary business knowledge, or the cajones to do the job.

LA

January 26th, 2010
11:08 am

“McCain/Palin represented the “best” of what the Republicans had to offer. Ewwwww.”

LOLOLOL!!!!!!!

And the Obama ship continues to sink………………………

Jimmy Carter

January 26th, 2010
11:09 am

Hey, maybe Joe the Biden was right after all. He said the election was about one three (that’s right THREE) letter word….jobs! J – O – B – S.

And you guys are still calling Palin dumb?

LA

January 26th, 2010
11:09 am

“pat you are clueless and your spelling sucks.”

Obama you are clueless and you suck as president.

There, fixed your typo.

Outhouse GoKart

January 26th, 2010
11:10 am

What we need is someone with some guts, some backbone, some morals, some character like Hopalong Cassidy!

Mick

January 26th, 2010
11:10 am

Outhouse GoKart

I’ll agree that you have a great sense of humor, nice work.

Outhouse GoKart

January 26th, 2010
11:11 am

Or maybe Flavor-Flav!

pat

January 26th, 2010
11:11 am

You know I didn’t expect things to unravel this quickly….I thought people would need a year of government run healthcare to realize how bad it is and then it was going to unravel.

LA

January 26th, 2010
11:11 am

“And you guys are still calling Palin dumb?”

Jimmy, it’s all they have. Palin is sitting pretty, making millions of dollars, appears on FOX with O’Reilly, who is destroying others with his ratings, and yet…………..liberals call her stupid.

Here is a great example of stupid:

Ed Shultz. He gets on his radio program, encourages democrat voters to cheat…………..and has to apologize for it.

THAT is stupid!

Whacks Eloquent

January 26th, 2010
11:11 am

TaxPayer @ 10:56,

Wow, finally some unadulterated wealth envy! Hey, you know some of that money you want the government to seize from the wealthy might actually be used to create jobs if you don’t. Besides, think of it this way – the more complex and “graduated” your tax code is, the more loopholes will be added. A flat tax (not my fave, I am a FairTax guy) would at least cut out the loopholes. But of course, my favorite FairTax would actually put the highest burden on the big spenders, the ones who want to show off their extravagant lifestyle. Isn’t that the way it should be?

Oh, and before you insinuate anything, I am middle class and racking up student loans to put my wife through grad school. I know it will be worth it in the end when she winds up making more than me!

NJ

January 26th, 2010
11:12 am

The current deficits are relatively low, compared to GDP and the National Debt, relative to GDP is getting close to being the lowest in history..

The stock market has reached pre recession levels and of course because unemployment is a lagging indicator, it follows the stock market. By about a year. Unemployment will start easing off late 2010/Early 2011.

Of course unless a sudden attempt to return to the folly of conservatism sends the U.S. into a second recessionary spiral, as occurred in the 1930’s when the courts forced FDR to stop his New Deal spending. This sent the economy back downward.

History repeats itself,. first as tragedy, then as farce.

Of course, because the rest of the world is far more liberal, the recession is over, everyplace but the United States. Next year, growth in GDP outside of the U.S. is slated to be 3.9 percent, the highest since the 1950’s-60’s. Thats because they actually threw the recommended amount of money at the problem through deficit spending.

Jimmy Carter

January 26th, 2010
11:13 am

TaxPayer

January 26th, 2010
11:07 am

And Obama/Biden was the “best” the dems had to offer? HAHAHAHAHAHAHA!!

Hey, how’s that “change you can believe in” working out for you?

LA

January 26th, 2010
11:14 am

The reason liberals hate rich people is because they themselves are not smart enough to make their own money in the real world.

Hence: liberals work as baristas, green peace activists, acorn activists, fine arts professors………….

LA

January 26th, 2010
11:14 am

“History repeats itself,. first as tragedy, then as farce.”

Hence Jimmy Carter part 2. Obama.

LA

January 26th, 2010
11:15 am

“The current deficits are relatively low, compared to GDP and the National Debt, relative to GDP is getting close to being the lowest in history..”

Cool, give George W Bush credit for that………

Jimmy Carter

January 26th, 2010
11:16 am

LA

January 26th, 2010
11:14 am

Great point. I’ve always felt part of Reagan’s appeal in 1980 was the fact that Jimmy Carter was the incumbent seeking reelection.

thomas

January 26th, 2010
11:16 am

TaxPayer

January 26th, 2010
11:07 am
McCain/Palin represented the “best” of what the Republicans had to offer. Ewwwww.

Not sure the best the GOP had to offer. Seemed it was more of a response to the vilification of Bush and his admin. they tried to run conservative light and then McCain went with an over conservative to try and counter bad polling.

But it could have been their best they had.

Outhouse GoKart

January 26th, 2010
11:16 am

“You know I didn’t expect things to unravel this quickly”

Same here and if it werent so humorous it would be sad.

LA

January 26th, 2010
11:16 am

“Of course, because the rest of the world is far more liberal, the recession is over, everyplace but the United States.”

Yes, China, Cuba, Venezuela, North Korea and Iran are all liberal.

pat

January 26th, 2010
11:17 am

“The current deficits are relatively low,”

LOL!!!!!!!!!!!!!!!!!!!

LA

January 26th, 2010
11:17 am

“Great point. I’ve always felt part of Reagan’s appeal in 1980 was the fact that Jimmy Carter was the incumbent seeking reelection.”

Yes, but the country was sick of Carter. Sort of like how things are with Obama right now.

Jimmy Carter

January 26th, 2010
11:18 am

LA

January 26th, 2010
11:16 am

Careful, LA, you may be throwing too many facts at the libs.

Outhouse GoKart

January 26th, 2010
11:18 am

“The reason liberals hate rich people is because they themselves are not smart enough to make their own money in the real world.”

And might I add, most have a million flimsy excuses for just being plain lazy.

LA

January 26th, 2010
11:18 am

pat

NJ ain’t the sharpest tool in the shed.

Jimmy Carter

January 26th, 2010
11:18 am

LA

January 26th, 2010
11:17 am

My point exactly.

LA

January 26th, 2010
11:19 am

“And might I add, most have a million flimsy excuses for just being plain lazy.”

One being BUSH CAUSED IT!

TaxPayer

January 26th, 2010
11:22 am

Wow, finally some unadulterated wealth envy!

Keep tellin’ yourself that if it makes you feel better.

LA

January 26th, 2010
11:22 am

thomas

the entire 2008 campaign was all about Bush bashing. Same in 2004 except Kerry nailed his own coffin door shut with “I voted for it before I voted against it” and Swiftboating.

Mccain was his own worst enemy. As stated in “Gamechanger” had Mac not brought Palin in, he would have lost by millions more.

Bottom line: Mitt should have been the nominee in 2008.

LA

January 26th, 2010
11:23 am

“Keep tellin’ yourself that if it makes you feel better.”

We don’t have to. You do a great job at explaining that yourself.

Sam

January 26th, 2010
11:24 am

Pat, first off those are not facts. Just a jumble of words and numbers that are not accurate. The spending is over 10 years, it didnt take place the next day. Second, if spending your way out of a recession is not the answer, what would you have had us do?

jconservative

January 26th, 2010
11:26 am

Sam January 26th, 2010 10:08 am
Jenifer January 26th, 2010 10:14 am
“jCon, reagan tripled the national debt to pay for those wonderful tax cuts, just like Bush 1 and Bush 2…why is the debt/deficit only an issue when a democrat is in office?”
I would be interested to read your answer to this question as well.”

Ok, here goes.

The debt/deficit is only an issue when democrats are in office because the Republicans complain when Democrats increase the debt/deficit and brag when they are in office and increase the debt/deficit. The Democrats never complain about the debt/deficit regardless of who is in office. But both, that’s “b-o-t-h”, increase the debt/deficit with no concern about who will pay for it. Both Republican & Democratic members of Congress and presidents have as a job description “get re-elected”, if I may borrow from Obama’s remarks yesterday.

Look, there was one period under Clinton & a Republican Congress when we actually balanced income and expenses. But we cut some discretionary spending, some entitlement programs and the military budget. But Bush 43 decided to send everyone a check from government, the money to come out of the “surplus”. You remember the surplus?
So we were immediately back in the deficit spending mode. And we have been there ever since.

Now we can balance the 2011 fiscal year budget. It is easy. Cut spending, including defense, including Medicare/Medicaid (delay the date of admission as Reagan did on Social Security) and cancel Obama’s fiscal year 2010 tax cuts from last March. That will balance the budget.

But will you vote for a senator or congressman who votes to cut those three programs?

You voters have sent the type people to Washington who vote for low taxes and increased spending. You have done it for 29 years. You are about to do it for the 30th year.

If it makes you feel good to blame the Democrats, go for it.
If it makes you feel good to blame the Republicans, go for it.
But, if you are at all honest, you will take a hard look at yourself.

I Report :-) You Whine :-( mmm, mmmm, mmmmm!

January 26th, 2010
11:28 am

Schwarzenegger: Send undocumented inmates to special jails in Mexico…

Or you could keep them from crossing your border, moron, just sayin….

Curious Observer

January 26th, 2010
11:29 am

Until we get serious about changing retirement benefits to be a closer match to life expectancy, there’s nowhere to go but chaos and destruction.

You’ve got twelve years to draw Social Security, buster. Live longer than that and it’s either a death panel for you or you’re out on your a$$.”

Whacks Eloquent

January 26th, 2010
11:29 am

LA,

“Bottom line: Mitt should have been the nominee in 2008.”

Agreed. Though I think he looks like a game show host. But it is because he is Mormon, which is just wrong. The GOP did not put any religion requirements (other than sanctity of life) in their litmus test, but I think it is just to easy to demagogue against the Mormons. Unfortunately they tend to be a bit on the secretive side, and that hurts them. They range the full gamut, from Orrin Hatch to Harry Reid…wow, sorry that does not sound good in any regard. I am sure there are much better ones out there! Like Mitt…

NJ

January 26th, 2010
11:29 am

Not really. It is because Obama has reduced spending, overall relative to the Bush Administration’s spending, that is the reason for the rates dropping.

Next Bush hid so much of what he was spending by adding it as supplementals.

Finally, the moronic move to vote in a Republican from Massachusetts is most certainly going to send the economy back into recession, as occurred during the New Deal when the Supreme Court declared the New Deal unconstitutional. FDR ended the New Deal, started on “deficit reduction” and the economy spiraled back into recession.

This will of course, occur again, probably a recessionary spiral starting back downward in the second quarter 2010. Just in time to blame the Republicans

TaxPayer

January 26th, 2010
11:30 am

Hey, how’s that “change you can believe in” working out for you?

Actually it is workin’ out good for me and mine because the only thing that was about to happen that would have hurt us was averted — the Second Great Republican Depression, that is. With that prospect out of the way, I have no real worries. I got mine.

lmno

January 26th, 2010
11:31 am

“You can “assume” anything you want. You have no knowledge whatsoever of my tax burden. Your job at the drive-thru at Wendy’s means you probably don’t pay ANY federal income taxes. But you act like you’ve been appointed as the spokesman for the taxcode. ”

My job involves knowledge of the tax code. You can argue all you want, but there is not disputing that historically tax rates are incredibly low. You say I have no idea of what your tax burden is, but I DO KNOW what the tax burden is for every income level. I have it right here in front of me.

You say its not 1955 anymore. Well, of course its not. But you can use historical numbers to compare current numbers. THats the point I am making. If you look at the tax rates at any point in history since 1944, and compare them today, they are low.

pat

January 26th, 2010
11:31 am

What part of spending 1.35 Trillion this years is a jumble of words and not fact? That’s 4 times what Bush spent, and he was a horrible spender.

I wouldn’t have created that idiotic stimulus for one.

Tell you what, if your in debt go spend a bunch of money, then come back and report how that helped you.

Mick

January 26th, 2010
11:33 am

**Bottom line: Mitt should have been the nominee in 2008.**

Actually, if romney was on the ticket as VP, mccain might have ekked out a victory. Palin might have gotten him more repub votes but she lost the independents bigtime.

Sam

January 26th, 2010
11:33 am

LA, yeah Mitt should’ve been the nominee. you mean the governor who was for the healthcare reform before he was against it, the guy was pro-life before he was against it, you mean the super rich hedge fund manager that rails against the eastern elite that he happens to be a part of, the guy that was for gun control until he needed NRA support…yes he”ll do quite nicely as the nominee…if hypocrites are what you like, well he’s your man.

FrankLeeDarling

January 26th, 2010
11:34 am

I find It amusing that conservatives think liberals don’t make any money or own guns.

Jefferson

January 26th, 2010
11:34 am

what a worthless bunch

TaxPayer

January 26th, 2010
11:34 am

Wow, finally some unadulterated wealth envy! Hey, you know some of that money you want the government to seize from the wealthy might actually be used to create jobs if you don’t. Besides, think of it this way – the more complex and “graduated” your tax code is, the more loopholes will be added. A flat tax (not my fave, I am a FairTax guy) would at least cut out the loopholes. But of course, my favorite FairTax would actually put the highest burden on the big spenders, the ones who want to show off their extravagant lifestyle. Isn’t that the way it should be?

Oh, and before you insinuate anything, I am middle class and racking up student loans to put my wife through grad school. I know it will be worth it in the end when she winds up making more than me!

I’d say that you are the one laying on the insinuations, not me. As for the FairTax™ that is the biggest scam to ever be put forth. It’s prebate scheme is nothing short of pure socialism since it will have the majority of the people hooked on their monthly fix from the government. Support it if you like but it will never ever amount to more than a cheap read and a few dollars in royalties for its creators.

thomas

January 26th, 2010
11:35 am

Pat,

My roommate my junior year did just that. he got 2 new credit cards to pay off his other 2 old ones.

It did not turn out as he planned. It was cool until that 60 day period ended. then we almost got evicted. and i didn’t owe anything but sure was hard to pay almost the whole rent.

So i guess it does work as long as you have someone around to keep paying for your needs.

pat

January 26th, 2010
11:37 am

Yeah I guess as you can keep handing your debt off to other people…Isn’t that what got us into this mess?

NJ

January 26th, 2010
11:38 am

Or as a great American once said:

“No one in this world has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.” Henry Louis Mencken

Outhouse GoKart

January 26th, 2010
11:39 am

We can preach from the Good Book, sermon after sermon, and the dims will refuse to acknowledge or listen. I just sitting, toasting a few marshmallows, in the glow and heat of the implosion.

Jimmy Carter

January 26th, 2010
11:40 am

TaxPayer

January 26th, 2010
11:30 am

*”I got mine.”*

Typical lib response.

Did Obama create jobs? Three of his lemmings gave three different answers.

Did he “hold unemployment to 8%” with the stimulus package? Nah, it’s now at 10%.

Did he “close Gitmo within a year”? Nah, still open for business.

Considering he had a supermajority, did he get his healthcare package approved? Thank God, no.

Are we a safer country? Google “Christmas airline bomber”.

Did he stabilize the banking industry? Bank failures have increased.

Did he stabilize housing foreclosures? Nah.

Was his administration “transparent”? Nah.

The list could go on and on. Strange how you could find him successful. Oh, that’s right, you got yours.

Matilda

January 26th, 2010
11:41 am

Frank DL: “I find It amusing that conservatives think liberals don’t make any money or own guns.”

HAHAHA! That cracks me up all the time too.

Mark

January 26th, 2010
11:41 am

Mark: People like LA are inn total denial of the fact that a majority of Americans are in favir of the “public option,””

LA: “That MUST be why they have not passed the bill.

LOL!”

Can somemone beat this? First the argument is that the Democrats do go against the wish of the people regarding health care reform, and then that they do not. LOL

Jimmy Carter

January 26th, 2010
11:41 am

Sam

January 26th, 2010
11:33 am

Well, John Kerry was the democrat nominee in 2004.

NJ

January 26th, 2010
11:42 am

Yup. The top marginal tax rates paralleled the greatest rates of economic growth in American history.

Low top tax rates have always resulted in recessions. Largely because the conservative assertions that people will use the revenues from those tax cuts to put into businesses and create jobs has never actually occurred. Or more precisely about 4 percent of those tax cuts went into starting or improving an existing business and creating jobs.

This has been a consistent figure since 1913.

chuck

January 26th, 2010
11:43 am

<<<>>>

I am so tired of hearing this load of garbage from the misinformed. The budget defits under Reagan had NOTHING to do with the tax cuts. THE FACT IS that revenues INCREASED after the cuts…that’s right, the revenues INCREASED after the tax cuts. So if deficits went up then it must have been caused by something else. Now what could it be? Hmmmmmm, I believe that would be SPENDING INCREASES by the democrat CONGRESS. Study history a little before you start using that poisonous keyboard.

Sam

January 26th, 2010
11:44 am

Pat, what part of that money is over time does not register. and how about the alternative to spending way out of recession?

FrankLeeDarling

January 26th, 2010
11:45 am

Reagan sucked

chuck

January 26th, 2010
11:46 am

NJ, UNBELIEVABLY FALSE. Recessions have NOTHING to do with marginal tax rates. In fact, your assertion that they “parallel” is FALSE. What was the top marginal tax rate under Carter when we had one of our worst recessions? 77% When Reagan CUT the tax rate, revenues INCREASED and we created over 20 million jobs.

thomas

January 26th, 2010
11:48 am

Sam,

Some economist say that the economy recovers and dips all on its own.

It would have been tough times for some, but it would have worked its way out of a recession. Then we the people would not have to deal with the inflation that follows spending ones way out of a recession.

Who’s for $2 cans of corn?

Plane Truth

January 26th, 2010
11:48 am

Let Obama address the nation, then rebut his speech with all the hatespeak and f-bombs and n-word-derivatives and all the wonderful punditry ripening on the Fox News family tree of fruitcakes and nutz.

I wonder what Glock is gonna do with those three hombres who stole from the company. I wonder if Glock Corp will hire their two friends involved in the payback time. You know their two friends: Smith & Wesson.

If this were an episode of Bonanza, those three woulda been hanged by now. A moment of silence for Adam, the coolest Cartwright. This kind of makes you ponder – oh so long – over the meaning of life, don’t it, paw?

TaxPayer

January 26th, 2010
11:49 am

Typical lib response.

I find that rather amusing, coming from Jimmy’s effigy.

TaxPayer

January 26th, 2010
11:51 am

I am so tired of hearing this load of garbage from the misinformed

There’s your sign. Can I get another hallelujah.

NJ

January 26th, 2010
11:51 am

Actually they DO have something to do with recessions and depressions. Every CLASSICAL economist knows this.

Which is why the economy stayed completely stable in growth at 3.9 percent per year between 1950 and 1976.

Top marginal rates were used to CONTROL the business cycle, preventing them from occurring.

This is the ENTIRE basis of Keynesian economics, It worked, very well.

Sam

January 26th, 2010
11:51 am

chuck, fact: Reagan had a republican majority in the Senate….

NJ

January 26th, 2010
11:52 am

And it would work WELL again if only conservative could be gotten out of the way of economic common sense.

NJ

January 26th, 2010
11:53 am

Basically speaking, when you allow a businessman to suck money OUT of a business as personal income, they will do so. Rather than use it in ways that benefit the total economy, they use it in ways that benefit themselves personally. High marginal tax rates make keeping the money INSIDE of business rather than sucking it out the only option if they do not want to be taxed 90 percent on it.

Sam

January 26th, 2010
11:53 am

Thomas,

this was no dip my man…the financial system wouldve collapsed, it would have been anarchy in the streets and more than 40% unemployment if they’d done nothing…

pat

January 26th, 2010
11:55 am

That’s easy, take your foot off the neck of small businesses and let people keep and spend more of their own money rather than take a bunch of future revenue and spend it resurfacing tennis courts in Bozeman, MT.
I would give 2 year tax amnesty to any companies that manufacture goods on U.S. soil. Double the tax credit to companies for every new employee they hire. Legislatively, I would make it illegal to sell debt so that you could bundle it into packages and send it round robin to other people. Things like that.
I can lay out a detailed plan, but not on a dumb old forum. Especially this one. It takes to much time.

Doing nothing would have worked better than this idiotic stimulus….My company got millions from it to do something we have been doing for the last 5 years, boy that makes sense don’t it? Or paying for road construction that has been going on in the last 3 years…Yeah, that’s spending the money wisely…If you want to set fire to 3/4 tillion bucks…Give it to the government, they are efficient at waste.

Jimmy Carter

January 26th, 2010
11:56 am

TaxPayer

January 26th, 2010
11:49 am

It’s telling that you find my post “amusing”, yet you fail to discredit anything I included in my post. Ah yes, Nero fiddled while Rome burned and he blamed it on the Christians. So THAT’S where the dems got their playbook.

chuck

January 26th, 2010
11:57 am

Sam, I can’t speak for pat, but I can tell you this. THE GOVERNMENT CANNOT SPEND ITS WAY OUT OF THIS RECESSION. The Government CAUSED this recession. If we are to get out of it any time soon, it will be because we have gotten our financial house in order and stopped out of control spending. It will be because the American people put away their credit cards and started SAVING money instead of spending it. It will be because we lowered the tax burden on the American people and ESPECIALLY businesses that create jobs. It will be because we got out of the business of government control, social engineering, and taking responsibility for everyone else but not for our own actions. THAT is when we will become recession proof. Government spending is NOT THE ANSWER.

Whacks Eloquent

January 26th, 2010
12:01 pm

NJ @ 11:53

“Basically speaking, when you allow a businessman to suck money OUT of a business as personal income, they will do so. Rather than use it in ways that benefit the total economy, they use it in ways that benefit themselves personally.”

Smart business owners know this. But do you really think the government has any place forcing them to reinvest it? It is their business, if they do not treat it properly it will fail. See GM. Oh wait no we bailed them out. The biggest problem is when the government sees their profits and says “aha!” and tries to tax it from them before they can reinvest it. I am a firm believer in natural consequences, obey the Prime Directive! (OK, I admit I am a Trekkie!)

Dave R.

January 26th, 2010
12:01 pm

Almost 300 comments and almost no suggestions on what should be cut. Mostly a lot of back and forth about who is to blame.

Congress is to blame. Both the GOP and the Dems (mostly the Dems, however).

How to cut spending?

Cancel the rest of the stimulus bill payments. That program hasn’t worked, despite the oft-quoted “jobs saved or created”. Need proof of the deception? Look no further than Pennsylvania, where I-84 has been under construction for over 4 years in the Scranton / Wilkes-Barre area. All of a sudden, the same construction still going on has a sign proudly proclaiming that stimulus funds are making this possible. On a job already funded years ago. Wonder how many construction jobs in place have magically been saved by a few extra bucks thrown their way? Smoke and mirrors, boys and girls.

AmVet does have one good idea (in a sea of really ignorant ones) and that is cut subsidies to businesses. That is not the role of government. However, the best way to that is to enact the FairTax. It reduces the cost of the IRS, it removes all taxable barriers to doing business in the U.S. and grows revenues and jobs when businesses move here to the worlds largest tax haven. TaxCheat won’t like it, but since he’s ignorant of the plan in general, that really doesn’t matter.

Get out of Iraq and Afghanistan as soon as possible. Reduce our military presence across the world to only that which protects our national security.

Reduce foreign aid to only those countries that directly protect our interests and security.

Veto any bill with earmarks or pork projects. Hold Congress’ feet to the fire on their spending habits. If they want to continue this practice, let them do so in full view of a Presidential veto and get their 2/3rds majority to override such.

Stop the War on Drugs and change the law enforcement side of the program into rehabilitation, which costs 2/3rds less than incarceration.

Link Congress’ pay to performance. For every dollar reduced in spending, they get a percentage of that in pay, for every dollar of increased spending, they lose twice that percentage.

Mick

January 26th, 2010
12:03 pm

**The Government CAUSED this recession.**

Let’s not forget the banks, real estate bubble, healthcare costs.

NJ

January 26th, 2010
12:05 pm

No, Obama SHOULD have spend MORE on stimulus. The trillion dollar that was recommended.

The rest of the world did this. They shelled the amount that economist recommended into stimulus IMMEDIATELY. The world recession is over. Finished. It still goes on in the U.S.

In fact the rest of the world and it’s economists are PRAISING Obama’s actions as having prevented the entire world economy from going over a cliff.

Fact is that China dumped more, relative to the size of its economy and is coming back, full blast, economically.

There is a good reason that the economies of Australia, Britain, China, Germany, France and the rest of the EU and developed world are out of recession, and the U.S. is struggling along.

That reason is Republican obstructionism. Ideology instead of doing what is working everywhere else.

larry

January 26th, 2010
12:05 pm

I hate to break this to everyone, we , as a country , has been in debt since 1865, when the civil war ended.

chuck

January 26th, 2010
12:05 pm

NJ NOT AGAIN. Do you even READ your posts?!?

Taxing a business at 90% forces a business man to use HIS MONEY to benefit the “total economy”. If this kind of thinking ever becomes the majority in America, WE ARE DOOMED. ABSOLUTELY ASININE.

First, THE BUSINESS IS HIS. NOT YOURS, NOT the economy’s, NOT the GOVERNMENT.

SECOND, Whether he takes money out of the business or puts it into the business is none of YOUR business. Either way though, the money will be spent or saved. EITHER of which benefits the total economy.

If you want a country that works the way you describe, I would suggest North Korea. You and Kim Jong Ill would make a great couple.

Sam

January 26th, 2010
12:05 pm

chuck, i agree with most of what you say but disagree with not spending way out of recession. hoover tried to ride out the great depression and it did not work, he waited and waited until it was too late. FDR’s aggressive spending worked..problem was these programs became permanent entitlements…doing nothing was not an option. imagine how many teachers, cops, prison guards, street department employees, etc would be out of work right now..that aside, i agree spending is way out of control..mainly in defense sector, healthcare costs need to be contined, unnecessary programs cut, etc….my family lives within our means, but as a counrty we’ve been programmed that its not necessary..that needs to change.

TaxPayer

January 26th, 2010
12:06 pm

The report describes how the Federal Reserve Bank of New York sealed its own fate in September 2008, when it tried unsuccessfully to put together a private bank loan for A.I.G., then in the throes of a terrifying worldwide run on the bank.

“This is the moment when the greatest amount of leverage to negotiate exists,” said Mr. Barofsky.

But instead of negotiating from a position of strength, the New York Fed poured $85 billion of its own money into A.I.G., on hard-nosed terms that Goldman Sachs and JPMorgan Chase had planned to charge before they got cold feet. Much of the Fed’s money was gone within minutes — and so was the Fed’s leverage, or any real chance of getting the money back.

“I don’t want to play Monday morning quarterback, but there are other things that could have happened,” Mr. Barofsky said. He said the Fed could have achieved better results if it had behaved more like a regulator and less like a creditor.

I’m liking this Mr. Barofsky. I’m looking forward to hearing more from him.

Whacks Eloquent

January 26th, 2010
12:07 pm

Dave R @ 12:01

Those all sound good to me.

“Link Congress’ pay to performance. For every dollar reduced in spending, they get a percentage of that in pay, for every dollar of increased spending, they lose twice that percentage.”

I say cut their pay totally until they at least get a balanced budget…politics should not be a career. Sure they need food, shelter, and clothing. Hey, what’s good enough for our armed forces should suffice…

NJ

January 26th, 2010
12:07 pm

In fact the CBO’s latest report is that Obama’s efforts are working:

The Congressional Budget Office (CBO) projects that if current laws and policies remained unchanged, the federal budget would show a deficit of about $1.3 trillion for fiscal year 2010. At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) posted in 2009. Last year’ s deficit was the largest as a share of GDP since the end of World War II, and the deficit expected for 2010 would be the second largest. Moreover, if legislation is enacted in the next several months that either boosts spending or reduces revenues, the 2010 deficit could equal or exceed last year’s shortfall.

The large 2009 and 2010 deficits reflect a combination of factors: an imbalance between revenues and spending that predates the recession and turmoil in financial markets, sharply lower revenues and elevated spending associated with those economic conditions, and the costs of various federal policies implemented in response to those conditions.

The deep recession that began two years ago appears to have ended in mid-2009. Economic activity picked up during the second half of last year, with inflation-adjusted GDP and industrial production both showing gains.

http://imarketnews.com/node/7724

My prediction is that the Republican factor will send the economy in the U.S. right back into recession.

chuck

January 26th, 2010
12:09 pm

Actually Sam, FDR’s spending DEEPENED the recession. World War II got us out of that one.

pat

January 26th, 2010
12:10 pm

FDR prolonged the depression by 7 years with his idiotic spending plans…
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

And UCLA is a very liberal school….

TaxPayer

January 26th, 2010
12:11 pm

yet you fail to discredit anything I included in my post. Ah yes, Nero fiddled while Rome burned and he blamed it on the Christians. So THAT’S where the dems got their playbook.

Failure is such a Republican concept. I did not “fail” to discredit anything that you posted. In fact, I just choose not to waste my time on a list of, well, junk. THere. I think I’ve wasted enough time explaining that to you, Jimmy’s effigy.

NJ

January 26th, 2010
12:11 pm

Then let him run his business in SOME OTHER COUNTRY.

This is the fallacy. It is HIS MONEY.

Its not. It relies on an entire economic infrastructure to support it, and he does not want to PAY FOR IT.

The old “He creates jobs” BS line leaves something out. His employees do the work that creates all of it.

Jefferson

January 26th, 2010
12:12 pm

Raise interest rates and taxes to solve the problem.

Mick

January 26th, 2010
12:12 pm

**Actually Sam, FDR’s spending DEEPENED the recession**

Incorrect revisionist history.

NJ

January 26th, 2010
12:13 pm

No FDR did NOT prolong the Depression.>

The hucksters who created that used the data from a SINGLE YEAR, 1937 to come up with that PHONY argument.

FDR’s programs were KILLED in 1936, by CONSERVATIVES and the depression returned

Those are the FACTS. Not the bogus report created by two conservatives only looking at a SINGLE YEAR

thomas

January 26th, 2010
12:14 pm

Sam

January 26th, 2010
11:53 am
Thomas,

this was no dip my man…the financial system wouldve collapsed, it would have been anarchy in the streets and more than 40% unemployment if they’d done nothing…

Says you.

Seems the econmy began to straighten up well before any of the stmulus money had been released yet. Why?

Unemployment didn’t even reach what it was during the 70s.

But hey some news people and opinion columnist told you so, so it must have been a unwavering reality.

Sam

January 26th, 2010
12:14 pm

Dave R.,

i think the point is that those projects would be shut down if not for the stimulus money. also, think how much tax revenue would be generated right now through a consumption tax, answer not very much. we’d be in even bigger trouble than we already are.

TaxPayer

January 26th, 2010
12:15 pm

Taxing a business at 90% forces a business man to use HIS MONEY to benefit the “total economy”. If this kind of thinking ever becomes the majority in America, WE ARE DOOMED. ABSOLUTELY ASININE.

Oh NOES. We’re Doomed. DOOMED, I SAY. With 90% tax rates, we’re, what’s the word I’m looking for, oh yes, DOOMED!

Sam

January 26th, 2010
12:16 pm

by the way Dave did you just finish reading The Revolution? sounds awfully familiar

Jay

January 26th, 2010
12:16 pm

Chuck, revenues increased ONLY because Reagan signed a major tax increase in 1982 AND another one in 1983. In fact, according to a U.S. Treasury analysis, the Tax Equity and Fiscal Responsibility Act of 1982 signed by Reagan was the biggest tax increase of the last 40 years.

Fact.

Normal

January 26th, 2010
12:16 pm

Off topic (WTH)and from The Navy Times…
Obama to make announcement on gay ban

By Rick Maze – Staff writer
Posted : Tuesday Jan 26, 2010 10:24:23 EST

The announcement of congressional hearings on the ban on open military service by homosexuals has been delayed at the request of the Obama administration until after Wednesday night’s State of the Union Address because the president may announce that military leaders will support changing the law, according to a key lawmaker.

The Senate Armed Services Committee expects to have a series of hearings, one focusing on the views of military leaders, another on the views of outside witnesses and possibly panels of junior officers and noncommissioned officers, said Sen. Carl Levin, D-Mich., the committee chairman.

Levin said Monday that an announcement of the hearings has been delayed at the request of senior Defense Department officials until after President Obama’s speech. Levin said he does not know what Obama might say, but he expects it will be an announcement of the administration’s intentions.

Hearings were supposed to start with military leaders, Levin said, but he might change the order to get hearings underway if senior military officials need more time to prepare.

“I am willing to switch things up,” he said. “I am committed to starting the hearings in February.”

Having junior officers and noncommissioned officers and petty officers testify could be an important step in getting the policy changed, Levin said, especially because he believes there are “generational differences” in views about the presence of gays and lesbians in the ranks. Younger people are more likely to be accepting of a policy change than older people, Levin said.

Although Levin supports repealing the ban and the military’s “don’t ask, don’t tell” policy that derives from it, Rep. Ike Skelton, D-Mo., the House Armed Services Committee chairman, said he wants current restrictions to remain in force and will oppose efforts by the Obama administration to change the law that has existed since 1993.

I Report :-) You Whine :-( mmm, mmmm, mmmmm!

January 26th, 2010
12:17 pm

CHICAGO (Reuters) – The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.

And to think they voted for it, just sayin….

Jay

January 26th, 2010
12:17 pm

TaxPayer

January 26th, 2010
12:17 pm

I got a tax cut. Y’all did not get your tax cut! Dang! I’d write my Congressman and complain if I was you and I did not get my tax cut. I’d even write Obama personally. Then again, I got my tax cut. Didn’t y’all.

thomas

January 26th, 2010
12:18 pm

Then why did the US recover from great depression slower and after almost all other industrialized nations, if FDR did not prolong it.

Maybe lightened the suffering, but he certainly did not shorten it.

Mick

January 26th, 2010
12:18 pm

For some, facts are pesky things.

NJ

January 26th, 2010
12:19 pm

Nope FDR got rid of the Depression.

The FIGURES do not lie:

Unemp.: Unemployment rate
Tax Federal GNP Unemp.
Year Receipts Spending Growth Rate
————————————————-
1929 — — — 3.2% < Hoover era, Great Depression begins
1930 4.2% 3.4% – 9.4% 8.7
1931 3.7 4.3 – 8.5 15.9
1932 2.9 7.0 -13.4 23.6
1933 3.5 8.1 – 2.1 24.9 < FDR, New Deal begins; contraction ends March
1934 4.9 10.8 + 7.7 21.7
1935 5.3 9.3 + 8.1 20.1
1936 5.1 10.6 +14.1 16.9

1937 6.2 8.7 + 5.0 14.3 < recession begins, May
1938 7.7 7.8 – 4.5 19.0 < recession ends, June

1939 7.2 10.4 + 7.9 17.2
1940 6.9 9.9
1941 7.7 12.1
1942 10.3 24.8
1943 13.7 44.8
1944 21.7 45.3
1945 21.3 43.7

Simply put at NO time did either UNEMPLOYMENT OR RECESSION occur as a result of FDR.

Employment ROSE and GDP increased every year UNTIL the Republicans and Conservative Supreme Court KILLED the New Deal. Then it returned.

I Report :-) You Whine :-( mmm, mmmm, mmmmm!

January 26th, 2010
12:20 pm

The Economic Recovery Tax Act of 1981 (also known as ERTA or the Kemp-Roth Tax Cut) was “A bill to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purpose.” Pub.L. 97-34, 95 Stat. 172, enacted August 13, 1981). The Act also reduced marginal income tax rates in the United States by 25% over three years (the top rate falling from 70% to 50% while the bottom rate dropped from 14% to 11%) and indexed the rates for inflation, though the indexing was delayed until 1985.

Summary of Bill

The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows[1]:

* phased-in 23% cut in individual tax rates; top rate dropped from 70% to 50%
* accelerated depreciation deductions; replaced depreciation system with ACRS
* indexed individual income tax parameters (beginning in 1985)
* created 10% exclusion on income for two-earner married couples ($3,000 cap)
* phased-in increase in estate tax exemption from $175,625 to $600,000 in 1987
* reduced Windfall Profit taxes
* allowed all working taxpayers to establish IRAs
* expanded provisions for employee stock ownership plans (ESOPs)
* replaced $200 interest exclusion with 15% net interest exclusion ($900 cap) (begin in 1985)

Bigger fact.

thomas

January 26th, 2010
12:21 pm

So Jay why do you blame reagan for so much of our deficit if he did what you wanted and increased taxes?

Should he have decreased taxes?
Should Obama decrease taxes, or should he send us into further debt as you say reagan did?

First Sergeant

January 26th, 2010
12:21 pm

Outhouse GoKart

January 26th, 2010
10:09 am
First Sergeant

January 26th, 2010
10:03 am

Ah yes…the ole blamegame…sorry kiddys, Barry owns it!

I’ve yet to see or hear, anyone posting, to say that this presidency does not belong to the President Obama; So Outhouse GoKart, I agree, President Obama does own it, but he didn’t create it. And, for your information, the first step in solving these problems is to “identify the problems”, which requires one to know the history of the problems and how they became problems. You see, it’s not blame, it’s identification. Now, can you identify with that?

NJ

January 26th, 2010
12:22 pm

Simply PUT Republican Hoover’s policies resulted in a rate of almost 24 percent unemployment and an economy that contracted by almost 25 percent.

Both figures kept dropping EVERY YEAR under the New Deal, until conservatives cause it to stop.

Then the recession returned.

Then the New Deal was started UP again, and both unemployment started dropping and the GDP started growing again.

Simple. The figures do not lie.

Hard Right Hook

January 26th, 2010
12:22 pm

NJ

January 26th, 2010
11:53 am
Basically speaking, when you allow a businessman to suck money OUT of a business as personal income, they will do so. Rather than use it in ways that benefit the total economy, they use it in ways that benefit themselves personally. High marginal tax rates make keeping the money INSIDE of business rather than sucking it out the only option if they do not want to be taxed 90 percent on it.

What absolute bilge and tripe. You cannot actually believe this?

Have you ever had P & L responsibility?

I thought not.

pat

January 26th, 2010
12:23 pm

Oh I’ll take NJ’s word over two economists!!! LOL! You are perhaps the most delusional person I have ever seen… The facts don’t lie The depression lasted until we joined WW2, FDR increased debt and didn’t do a thing to get out of the depression….The difference is he didn’t have a failed precedence to fall on….

Jefferson

January 26th, 2010
12:23 pm

Local taxes are a bigger problem than federal or state taxes, why no teabagger revolt?

Lord Help Us

January 26th, 2010
12:24 pm

When an absolute fact such as Jay’s 12:16 is read by the ‘conservatives’ on this blog…

I sincerely wonder what kind of synaptic convulsions must occur in order for an otherwise intellgent person to simply choose to believe something entirely different (and demonstrably false).

After all, this is a cold, hard fact…not something conjured up by any partisan analysis.

Can anyone explain…

thomas

January 26th, 2010
12:25 pm

So NJ,

Why did the great depression end much sooner for the rest of the world who did not flow as much made up money into the economy?

Kamchak

January 26th, 2010
12:25 pm

…. revenues increased ONLY because Reagan signed a major tax increase in 1982 AND another one in 1983. In fact, according to a U.S. Treasury analysis, the Tax Equity and Fiscal Responsibility Act of 1982 signed by Reagan was the biggest tax increase of the last 40 years.

Fact.

Jay, you debunk this two to three times a week. The only thing that changes is the name at the front of your statement.

Do your detractors even read your pieces or are they here to throw “no” bombs?

Normal

January 26th, 2010
12:26 pm

From “The Nation”

There’s lots of progressive backlash in the blogosphere to the announcement that the president is going to call for a multi-year freeze on “non-security discretionary spending,” in the State of the Union.

The anger is totally justified, but I’ll let others handle the policy of this. (Short version: it’s criminally stupid).

But let me talk about the politics. I’m sure that in the short term it polls well. Most voters don’t have a great grasp of what makes up the federal budget and the fact that about two-thirds of what the government does is security and social insurance for the elderly. Thanks to decades of right-wing attacks on Big Government, many people think that most of what the government spends money on are things like food stamps and foreign aid.

That’s why this is so inexcusably insidious: because it uses the full power of the bully pulpit to reaffirm and endorse a kind of ignorance that the right-wing has spent years stoking, and in so doing further erodes what little conceptual and rhetorical foundation we have domestically for social democracy. It may be a head fake, the fine print may basically have a lot of loopholes, in which case the policy itself won’t be terrible, but again it reinforces the enemy’s narrative: that government spends too much on “programs,” that defense and “security” spending doesn’t count for the deficit and that times of economic misery and widespread unemployment the solution is fiscal austerity.

I wish there was a way to sue for political malpractice, because what we’re seeing from the White House and congressional Democrats these last two weeks would make for a depressingly good case.

Matilda

January 26th, 2010
12:26 pm

Thomas: “Then why did the US recover from great depression slower and after almost all other industrialized nations, if FDR did not prolong it.”

It was before my time, but I’m guessing that a climate condition known as the “dust bowl” was one serious non-political factor in the depth and length of the US depression of the 1930s.

thomas

January 26th, 2010
12:27 pm

pat,
NJ is a doctor.

NJ is a lawyer.

NJ is an economist.

Nj is a porn star.

As we have seen here before NJ has a degree or experience in all fields of any discussion.

Lord Help Us

January 26th, 2010
12:27 pm

Well, there it is…the most reliable of the ‘conservatives’ has provided a cherry-picked list from a partisan analysis that ignores the total picture…

Should have known…

thomas

January 26th, 2010
12:29 pm

Matilda,

Other countries had similar mother nature issues as well.

Asia had serious floods.

BTW building roads and railroads, usually has the effect of loosing the soil thus allowing wind to move said soil.

What were some of those projects of the New Deal again?

Mr. Thomas Anthony "The Taxman Cometh: Jones, Sr (Waf-SS, Lt. Colonel, formerly assigned to the 13th SS Panzer Division, Berman and Dresden, Germany/ret.)

January 26th, 2010
12:30 pm

As a Yellow Dog voter andmember of the Democratic Party I say increase taxes on the banks, the crooked insurance comapnies, the pharmaceutical companies and any corporation that moves its headquarters offshore or move jobs offshore. People in this country needs to stand up to the crooked corporations. I have clients who are planning to move their corpoations to overseas locations to avoid paying Income Taxes to the Internal Revenue Service and the georgia Department of Revenue. We need to have the federal govenrment changed the laws so that any corporations that has this opportunity to avoid paying Income Taxes is stopped dead in their tracks.
people need to immediately start studying Title 26 of the United States Code. The Title 26 is the Internal Revenue Code of the United states Code of federal law. It is essential that everyone study Title 26 so that they better understanding of the Internal Revenue Code and how corporations can get over on the people. If you study the Title 26 you wiil see that the way to stioop the corporation from getting over on you is toforce them by federal statue to stay here in the United States of Amerika.
The crooked banks, insurance companies and the Pharmaceutical companies have loopholes built into the federal and state laws that we as citizens have to stop. We all must supoport President and First Lady Mr. and Mrs. Barack Hussein and Michelle Obama as they clean up the mess that the filthy Republicans created under Bush the Younger (2001-2009). If we stand together we can defeat the evil corporations and the Tea bag racists. Remember it Good versus Evil and God is on our side. Encourage every Democratic voter to vote and we can save this racist country from the filthy rich corporations.

Dave R.

January 26th, 2010
12:30 pm

No, Sam, I haven’t read The Revolution yet, but am interested in doing so. Gotta find some free time when I’m not working so hard to keep my financial house in order.

I’m just a guy who likes my government to be as small as the TaxCheat’s brain cavity.

thomas

January 26th, 2010
12:30 pm

woops should have been loosening, not loosing.

pat

January 26th, 2010
12:31 pm

Damn, hope he’s a better porn star than a “cut and paste” feind from moveon.org.

Sam

January 26th, 2010
12:31 pm

for every 1 professor who say FDR didnt get us out of great depression there are 1,000 economists that say he did…

thomas

January 26th, 2010
12:33 pm

Its a she I think.

But she just does what she does here.

Sees an idea or move she likes then copies it and tells everyone how smart or sexy she is.

NJ

January 26th, 2010
12:34 pm

Because FDR did NOT spend enough. The OTHER industrialized nations started listening to Keynes early on and put about 40-50 percent of GDP into deficit spending. FDR barely got to ten percent between 1933 and 1939 and only went up to 43 percent during WWII.

This is a VALIDATION of Deficit spending.

Sweden got out in 18 months because the government spent 48 percent of GDP in “stimulus” money. The British came out second spending almost as much.

FDR was TOO MUCH the fiscal conservative, his entire idea when he was elected was “eliminate the deficit” and the economy would recover. He did this for the first 18 months. The New Deal ran completely on BUDGET for the first two years. Finally when he decided to go into DEFICIT spending, the Supreme Court nailed him and stopped it. So the economy went BACK into recession again.

Only the HUGE deficit spending that occurred after WWII started in 1939 ended the depression.

Republicans always claim it was WWII that ended the Depression but who the hell do you think was PAYING for all that war material. The U.S. Government, by going into DEEP deficit spending.

It does NOT matter what the government is spending on that causes the DEFICIT SPENDING as long as American businesses are being retooled from civilian manufacturing to wartime manufacturing.,

When the GOVERNMENT started spending 43 percent of GDP, the depression ENDED.

Kamchak

January 26th, 2010
12:34 pm

A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.

Robert A. Heinlein

Mick

January 26th, 2010
12:34 pm

**That’s why this is so inexcusably insidious**

This is exactly the wrong kind of course correction needed. Millions out of work with infrastucture falling apart, we need a WPA so these people can earn a paycheck and gain some dignity.

pat

January 26th, 2010
12:35 pm

NJ, I hope your not an accountant….You’d have some mighty unhappy customers.

Sam

January 26th, 2010
12:36 pm

not sure Dave but i think it was Ron Paul’s first book..it was interesting. i dont agree with them all but he’s got some interesting ideas

Whacks Eloquent

January 26th, 2010
12:36 pm

thomas,

Don’t forget that most of the world was thrust into WWII much sooner than the US. There have been countless studies of the correlation between wars and at least temporary economic recovery. With any type of government, in wartime suddenly the government becomes the #1 customer and needs as much as it can get. It is the true reason for our recovery from the lingering effects of the Great Depression, and pushed us to world economic superpower status by the 1950s.

NJ

January 26th, 2010
12:37 pm

Again those are the facts. WWII resulted in a HUGE amount of deficit spending. American businesses were retooled to make tanks instead of station wagons. About 80 percent of American businesses were being PAID by the government for what they were making. The WWII fueled recovery was STILL the result of a huge amount of DEFICIT spending.

Whacks Eloquent

January 26th, 2010
12:37 pm

FDR did lead us out of the Depression, he was president when we entered WWII, and almost saw the end…

thomas

January 26th, 2010
12:38 pm

NJ,

If I owed say 800 bucks on a visa credit card are you then saying it would be wise to pay off my visa bill with a mastercard?

Is that my best solution for getting out of debt?

Or should i cut back on non essential spending unti I can pay off the 800 with my existing income?

Which one will be a better long term solution?

NJ

January 26th, 2010
12:38 pm

I am the ONLY person I know who has NOT be adversely effected by the current recession. Lost very little money in my investments. The amount I made in others offset it.

Thats because I was not listening to Jim Kramer OR Neil Cavuto.

Mick

January 26th, 2010
12:41 pm

**If I owed say 800 bucks on a visa credit card are you then saying it would be wise to pay off my visa bill with a mastercard?**

You could try to find a card with 0% interest for a year and pay it off. Thanks chase.

Dave R.

January 26th, 2010
12:41 pm

Mick, it is not the job of government to allow people to “gain some dignity”. If you can only gain dignity by receiving a handout from the government, you are a very shallow individual, indeed.

I have been up and down financially a number of times in my life, and it is my dignity and worth as a human being that has always kept me from using any form of government assistance. If it doesn’t come from within yourself, there is none to be had.

thomas

January 26th, 2010
12:42 pm

NJ,

You know me. I have not been hurt.

Actually make more money now than when the recession started.

Guess i should thank Obama.

Thats right I take full responsibility for my own success or failure. So never mind.

Whacks Eloquent

January 26th, 2010
12:43 pm

NJ, I don’t think FDR considered the war to be part of the “New Deal” though…he seemed perfectly content to stay out (despite the atrocities) until the Japanese attacked American soil. Finally he relented, and in the end it was a benefit both for our country and the world.

NJ

January 26th, 2010
12:43 pm

In fact if I was an accountant, this recession could NEVER have occurred.

Because Keynesian economists PREDICTED this recession back in 2003.

The money that was invested in those “subprime” loans did not appear by magic.

They were the result of the Bush Tax cuts.

The stock market sucked during Bush’s first two years. The rich went looking for someplace to invest their tax savings given by Bush. They went RIGHT for the speculative derivatives markets.

And fueled the recession.

Tax cuts to the wealthy are NEVER used to start new businesses or create jobs.

Every reduction in top marginal tax rates since the creation of the Income Tax in 1913 has fueled a speculative market resulting in a market bubble and a recession or depression that followed.

The ONLY way to prevent such speculation is to tax those earning a huge amount at a high enough rate to prevent a speculative bubble from emerging.

Jenifer

January 26th, 2010
12:43 pm

Passing Health Reform Would Contribute To Obama’s Deficit Reduction Goals

Guess which countries spend less?
Every other industrialized country.

Guess which countries have universal coverage?
Every other industrialized country.

http://thinkprogress.org/2010/01/26/bayh-obama-health-care-deficit/

mmm, mmm, mmm, Barack the Liar Obama

January 26th, 2010
12:44 pm

Here’s a LARGE step. ONLY fund what’s in the constitution and require a SIXTY vote majority to raise any taxes.

Normal

January 26th, 2010
12:44 pm

Kam…

Does history record any case in which the majority was right?

-Lazarus Long,
Time Enough for Love

thomas

January 26th, 2010
12:44 pm

Mick,

Not enough credit for me built up yet. Only 28 and had some stupid spending during college.

But hey, could always fill out and application for the card.

and I guess we could ask China for more money, doesn’t me I or we will be getting any money or card though.

mmm, mmm, mmm, Barack the Liar Obama

January 26th, 2010
12:45 pm

Hey Jennifer – Here’s one for you, where do the rich in these other countries come to when they are really sick? GIVE UP? Try the US.
End of argument.

Normal

January 26th, 2010
12:45 pm

Kam,

Was the quote “Always know where your weapons and pants are in the dark” a Lazarus Long quote or was that something my Chief told me a long time ago…

First Sergeant

January 26th, 2010
12:47 pm

El Jefe

January 26th, 2010
10:25 am

El,

I understand and applaud your efforts for speaking out. But, after the first four years, you turn around and voted for Bush again. You put him right back in the Whitehouse. Now that’s speaking out! Hey, do me a favor? You gave Bush 8 years before passing judgement; give President Obama the same respect. Even should he only serve one term, save the judgement until then.

“What the left forgets, this isn’t a left or right problem. It is a fight between the one that think only government can solve any problem and those that think government is the problem”.

If I read you correctly, you’re saying, that GOP’ers now feel that government is the problem? Aren’t those GOP Congress/Senate “government”? I say, fix the problem; at the polls!!

NJ

January 26th, 2010
12:48 pm

SImply put

1922-1925, three tax cuts reduce the top rate from 71 percent to 25 percent. The stock market goes crazily up and up for the next three years. Every stock is overvalued. A market correction fixes that. And kicks off the Great Depression.

1983. Reagan cuts the top marginal tax rates from 70 percent to 28 percent. Investment in “derivative” REIT’s becomes the rage. The market crashes, recession.

Next the George Bush Tax cuts gives the wealthiest two percent a trillion dollars to invest speculatively. In mortgage backed securities. Which starts driving prices of houses beyond any value that they could inherently have. A speculative bubble.

The exact amount of the losses in the markets that kicked off the current mess.

TaxPayer

January 26th, 2010
12:48 pm

Dave R : obsessed with cheating on taxes.

Georgia Republican Congressman, Ralston : obsessed with cheating on his taxes.

Coincidence?

Both in Georgia politics (well, one of them claims on here to have been).

Both certainly Republicans.

Both names end in R.

Too much for a mere coincidence. Most definitely.

Written any more manifestos lately, Dave R. hehehe

Kamchak

January 26th, 2010
12:49 pm

Normal

One of my favs.

I’ve never understood how God could expect His creatures to pick the one true religion by faith—it strikes me as a sloppy way to run a universe.
-Jubal Harshaw, Stranger in a Strange Land

pat

January 26th, 2010
12:51 pm

Is this opposite day?

Mick

January 26th, 2010
12:51 pm

**Mick, it is not the job of government to allow people to “gain some dignity”.**

I’m not talking about a handout – I’m talking about working and getting paid. I’ve been there and its depressing. I’d just as soon shovel caca then doing nothing. The point is there are millions who need work and with an infrastucture that is crumbling, any job is better than none until the economy picks up.

Outhouse GoKart

January 26th, 2010
12:51 pm

First Sergeant

January 26th, 2010
12:21 pm

Obama schtick grows tiring…he owns it!

pat

January 26th, 2010
12:54 pm

Ok, so if speding like a drunk horny sailor in Thailand is such a good idea why is obama talking about spending cuts?!

Oh I know, because his policies are failing, that’s why.

NJ

January 26th, 2010
12:56 pm

The evidence of these facts lies in the fact the the small business sector has been getting SMALLER AND SMALLER in the U.S. to the point that it amounts to only 7.9 percent of the U.S. economy.

The tax cuts to the wealthiest and even corporations have not been used to create NEW business but rather as redistributions to shareholders and salaries and bonuses to corporate executives.

Small businesses cannot compete and this was seen to start during the Reagan years as hostile takeovers of small profitable businesses and greenmail began happening. The wealthy would buy out small effective businesses and sell them off in pieces.

getalife

January 26th, 2010
12:56 pm

Wonder if corporate took over to default on the debt?

Yikes!

Jenifer

January 26th, 2010
12:56 pm

Haliburton/KBR Goes After Rape Survivor Jamie Leigh Jones’ Personal Integrity In Its Supreme Court Petition

I don’t think appealing to the Supreme Court will do a lick of good, to be honest. You may get Scalia and Thomas, as those two have no souls or concept of history, but I don’t think any other justices are willing to have “pro-rape” as a part of their judicial legacy.

http://thinkprogress.org/2010/01/26/kbr-jones-appeal/

BW

January 26th, 2010
12:57 pm

People…we are looking at a $1.35 TRILLION deficit on next year’s budget and at least $1 TRILLION for the rest of the decade…earmarks will go part of the way but not near enough. Two thirds of the budget, which was $3.1 TRILLION, goes to Social Security, Medicare, Medicaid/SCHIP, unemployment, and interest on the national debt. If you people honestly think that any congressman, Democrat or Republican, is going to stand in front of the American people and campaign on eliminating these programs, I want what you’re smoking. The people clearly want the safety net these programs offer though they have no choice but to swallow the interest we pay for borrowing. It’s time to pay the piper but of course we’re not going to until one these programs slips into the red…let’s see Social Security will hit the fan by 2018 (8 years, 2 presidential terms) and Medicare will hit the fan not long after. Here’s the simplistic choices: Keep the programs and let partisanship kill any reforms and wait and see what happens, eliminate the programs entirely (good luck again with a politician proposes that one), or some balance of the first two (again highly unlikely due to partisanship). What will probably happen is the programs run out of money and then are dropped entirely and a whole bunch of people will have given a significant percentage of their incomes to programs that they will not be able to utilize.

Outhouse GoKart

January 26th, 2010
12:57 pm

Obama gets another SmackDown.

Senate Rejects Obama-Backed Task Force on Reducing Deficit
http://www.foxnews.com/politics/2010/01/26/senate-rejects-obama-backed-task-force-reducing-deficit/

Jenifer

January 26th, 2010
12:58 pm

“End of argument.”

I’ll decide when the argument ends.

Whacks Eloquent

January 26th, 2010
12:59 pm

pat,

I thought the captain was supposed to go down with the ship…the President has left the building! Get ready for Obama 2.0. Hey Microsoft did not get a reasonable version of Windows until 3.1! Meanwhile, Apple had the Mac…

pat

January 26th, 2010
1:00 pm

pat

January 26th, 2010
1:00 pm

NJ

January 26th, 2010
1:01 pm

If you start a SMALL business, do you start out in the BLACK.

No, you are essentially DEFICIT spending for the first few years before you turn a profit.

Most BUSINESSES start operating by paying off their Mastercard using a Visa.

This is always the case. The idea that what applies to BUSINESS does not apply to government is absurd.

And often times the only way to keep a BUSINESS economy afloat is to BORROW until the economy reignites.

This is OF COURSE how the Great Depression ended. The GOVERNMENT funded half of the entire economy until it reignited.

This is why Republicans have ALWAYS created a national debt that is a larger percentage of the GDP than Democrats. Democrat deficits tend to create economic stimuluses that a distributed through the ENTIRE economy while Republicans only benefit the top two percent. Which it asserts will “trickle down”

But which NEVER does.

Dave R.

January 26th, 2010
1:01 pm

TaxCheat, it is amazing that you’ve been on this blog for years and haven’t learned a thing about me. But then sticking your head in the sand and not paying attention to what is posted is your forte.

I am NOT a Republican. That they espouse more of what I believe in, and the Dems espouse less is why I sometimes take the GOP’s side in certain arguments (the fact that you never actually argue a point whenever it is made is not lost on any of us here). However, I never voted for Bush, never voted for Chambliss or Isakson, never voted for Purdue or for Deal (who is my Congressman).

Not exactly the voting record of a Republican, is it?

Mick

January 26th, 2010
1:02 pm

**let’s see Social Security will hit the fan by 2018 (8 years, 2 presidential terms)**

Incorrect, I believe social security is projected to be solvent until 2048. This can be easily fixed by raising the cap in SS tax to 150k or thereabouts.

NJ

January 26th, 2010
1:03 pm

So LOCK the Social Security Trust fund. Social Security would be SOLVENT if Republicans did not fiddle with it and use it for tax cuts.

And Paryoll taxes are the source of about 35 percent of the entire federal budget though Social Security payouts only amount to about 12 percent of it.

Kamchak

January 26th, 2010
1:06 pm

Normal

Always keep your clothes and your weapons where you can find them in the dark.

Is attributed to Heinlein, but I don’t know which of his characters voiced it.

LA

January 26th, 2010
1:07 pm

“This is why Republicans have ALWAYS created a national debt that is a larger percentage of the GDP than Democrats.”

LOLOL

Again, liberals blame blame blame everyone else but themselves.

NJ

January 26th, 2010
1:07 pm

Even more SIMPLY put. Every bit of SOCIAL spending done by the government gets back into the U.S. DOMESTIC economy. The HUGE defense budget has a NEGATIVE domestic economic effect. About 12 percent of GDP is spent on defense, to create an industry that makes up SIX PERCENT of GDP

Thats a fifty percent LOSS.

pat

January 26th, 2010
1:07 pm

No wait hold on….So if you are small business and you find yourself going into the black, spend an absurd amount of money on crap you don’t need and magically, you’ll be fine…LOL, Ok..

LA

January 26th, 2010
1:08 pm

NJ

Do you even realize that America hates the democrat party more than republicans?

Soothsayer

January 26th, 2010
1:08 pm

The Wal-Mart Model of Self-Destruction is simple: low prices are all that matters.

The devolution of the American citizen into a self-destructing consumer starts with the devolution of a value system into an monomaniacal obsession: “the only thing that matters is the lowest price,” regardless of the true costs or consequences.

The propaganda of marketing has so hollowed out American culture that most citizens cannot recall a time that “Consumerism” wasn’t the unofficial religion of American society. And what is the First Commandment of “consumerist religion”? The lowest price is all that matters.

Quality doesn’t matter; we’re going to move/throw it away anyway.

Who made it doesn’t matter. The idea that you might pay more to keep your neighbor employed is akin to worshipping the Devil: all that matters is the lowest price.

The hidden costs to “the lowest price” don’t matter; the environmental costs (conveniently passed off to the developing world) don’t matter, nor do the costs of subsidizing the purveyors of “the lowest prices, always.” (see below)

The health consequences of consuming low-quality food don’t matter, just the low price.

The mechanisms used to obtain the lowest price don’t matter; dynamite the fish, we don’t care, just get us the lowest prices. Chop down the rain forests, we don’t care, just get us the lowest price hardwoords and cheapest beef.

The consequence of this mono-mania is that all other costs and consequences are ignored/not priced in unless government shoves it down the retailer/manufacturers/consumers’ throats.

Granny Godzilla

January 26th, 2010
1:08 pm

NJ

You’ve done marvelous work here this morning and I applaud you.

I am always dismayed at how wrong people can be and how proud of it they are.

I spent my morning putting the W’s back on the White House keyboards and
am going to spend my afternoon playing hide the WMD’s.

Thanks NJ.

Jocularity! Jocularity!

Mick

January 26th, 2010
1:09 pm

**Do you even realize that America hates the democrat party more than republicans?**

Can you prove that?

LA

January 26th, 2010
1:10 pm

NJ

The stimulus package failed. Obama’s policies have failed. His health care plan, or should I say lack of one, failed.

What’s the one word that describes Obama?

Fail

LA

January 26th, 2010
1:11 pm

“I am always dismayed at how wrong people can be and how proud of it they are. ”

Yep, people are dismayed at how wrong the democrat party is.

NJ

January 26th, 2010
1:11 pm

Check it out. Even FORBES notices this.

http://zfacts.com/p/318.html

The LOWEST ratio of National Debt to GDP since the end of WWII occurred under Carter.

Reagan and Bush 41 it spiraled upwards.

Clinton dropped it. Bush 43 increased it. Obama has inherited a huge Bush created debt, but unlike Clinton has not been able to take the advice of the GAO. Which is to RAISE TAXES.

Whacks Eloquent

January 26th, 2010
1:12 pm

LA,

I think NJ is a Democrat apologist. I don’t think there is any reasoning with him/her. Despite several of us debunking the myriad of erroneous statements, NJ is unfazed. Gotta hand it to him/her, resilience is a good quality to have. Normally.

Meanwhile the only reasonable budget cutting alternatives I have seen were posted by Dave R at 12:01…

LA

January 26th, 2010
1:13 pm

“The LOWEST ratio of National Debt to GDP since the end of WWII occurred under Carter.”

LOLOLOLOL

Yep, that Carter was soooooooooooooome president!

That MUST be why he only served one term.

“Reagan and Bush 41 it spiraled upwards.”

LOLOL

Yep, the evil republicans put us in massive debt.

NJ is one mixed up bag of nuts.

NJ

January 26th, 2010
1:13 pm

No. Obama’s policies have not failed. They have simply NOT been allowed to work.

That is, it took close to 30 years for Republicans to create this mess. It will take a bit longer than 12 months to repair it.

All Obama needs to do is wait for the Republican obstruction to cause the recession to start coming back, full force. Which will occur by the end of this summer, latest.

LA

January 26th, 2010
1:14 pm

“I think NJ is a Democrat apologist.”

YA THINK!!!!!!!!!!

NJ

January 26th, 2010
1:14 pm

Or simply put, look at Bush’s LAST budget and compare it to Obama’s first.

Virtually everything in the Obama budget is a Republican Legacy.

NJ

January 26th, 2010
1:15 pm

Nope.

The recession is the result of eight years of Republican ideas. Did not start under Obama.

The idea that returning to those same ideas as a solution to REPAIR it is an absurdity.

LA

January 26th, 2010
1:17 pm

“No. Obama’s policies have not failed. They have simply NOT been allowed to work.”

Yes they have failed.

You can not prove that jobs were saved or created due to the stimulus package.

“That is, it took close to 30 years for Republicans to create this mess. It will take a bit longer than 12 months to repair it.”

Yeah, even though 8 of those 30 years had a Democrat president, 14 of those years had a democrat house and senate, the last year having one Democrat president and the last 4 years having a democrat controlled house and senate.

Yep, me thinks your math is fuzzy.

Outhouse GoKart

January 26th, 2010
1:17 pm

Doesnt matter…Obama owns it!!

He campaigned on transparency, C-Span HCare debate and a whole host of things on which he has fallen short.

LA

January 26th, 2010
1:17 pm

‘Virtually everything in the Obama budget is a Republican Legacy.”

So when does Obama start his job as president?

Sam

January 26th, 2010
1:17 pm

NJ, dont forget, as soon as bush left office his legacy evaporated. its as if he was never president. we should all have been so lucky.

NJ

January 26th, 2010
1:17 pm

Even pages devoted to INVESTING place the blame on Bush:

The Bush economic legacy: The U.S.’s decade of descent

As the Clinton administration ended, the United States entered the new century and decade with the strongest, most-resilient, most-adaptable, and technologically advanced economy on the face of the earth, according to an analysis by the U.S. Central Intelligence Agency. Job growth had been enormous in the ‘Roaring 90s’ — with more than 22 million jobs created in eight years. Median incomes were rising, poverty rates were at their lowest levels in decades. Business investment and new business formation were strong. The stock market was booming, capital markets were sound, and driven by the promise of new technologies, the United States was poised to enter a new phase of growth and development, with the benefits spread across its society.

**
The Bush administration began in 2001 with the passage of a $1.35 trillion tax cut — a cut many economists and analysts felt was not necessary, given that the U.S. economy was already recovering from the mini 2001 recession.

Tax cut favored the rich

But the biggest problem with the tax cut was that it was tilted too much toward the rich and upper-income citizens — Bush’s political base — and it almost guaranteed that, over time, broad-based demand would remain soft, and probably fail, in a few years.

http://www.bloggingstocks.com/2009/01/15/the-bush-economic-legacy-the-u-s-s-decade-of-descent/

Basically speaking Bush BORROWED 2.1 trillion dollars to give a tax cut, which favored the wealthy.

Talk about a DUMB form of deficit spending.

LA

January 26th, 2010
1:18 pm

“The recession is the result of eight years of Republican ideas. Did not start under Obama.”

The recession did not start until the final months of Bush’s. Bush had a democrat controlled house and senate.

Again, partisan hack much?

LA

January 26th, 2010
1:20 pm

“All Obama needs to do is wait for the Republican obstruction to cause the recession to start coming back, full force. Which will occur by the end of this summer, latest.”

He had a democrat controlled house and senate in his first year. Republicans are not in control.

Again, I repeat……..DEMOCRATS ARE IN CHARGE. THEY OWN THIS MESS.

NJ

January 26th, 2010
1:21 pm

This was NOT the only Bush Tax cut. The corporate tax cuts resulted in another 2.9 trillion in government borrowing to give tax cuts to the wealthiest. The net cost of Bush Tax cuts was about 5 trillion dollars.

To the $3 trillion in government debt was thus added $6 trillion in household mortgage debt, $8 trillion in banking debt, another $1 trillion in new consumer credit card debt, and $3.5 trillion in additional non-financial business debt. That’s a total of more than $21 trillion in accumulated debt of various kinds over the course of Bush’s terms in office—or a stack of $500 bills 3,297 miles high, extending roughly the distance from New York City to London.

http://www.zmag.org/zmag/viewArticle/19319

Sam

January 26th, 2010
1:21 pm

“Do you realize that every single democrat in congress is rich?” unbelievable, i think Nj was right about you…

LA

January 26th, 2010
1:21 pm

NJ

Do you realize that every single democrat in congress is rich?

Do you realize that these idiots have made their money off of ignorant people like you?

mike

January 26th, 2010
1:22 pm

““The recession is the result of eight years of Republican ideas. Did not start under Obama.”

OK, by your logic, the Democrat Congress bears no responsibility for any part of this recession, despite the fact that they have been in power since 2006.

That means that Clinton’s term was “eight years of Democrat ideas”.

The recession of 2000 started before Bush took office. Was that recession a product of “eight years of Democrat ideas”?

Please don’t tell me about the GOP congress during the Clinton years, if the Dems in Congress are not responsible for the economic and fiscal disaster took place after the took power.

You can’t have it both ways, but I am sure that you will try.

Outhouse GoKart

January 26th, 2010
1:22 pm

You dims can blame Bush forever and it simply will not change the fact that Obama owns this mess. Its his.

Obama is the one touting change and he would elimiate the spending spree, close gitmo, clean up DC, bring home the troops etc.

Obama OWNS IT!!

LA

January 26th, 2010
1:22 pm

“This was NOT the only Bush Tax cut. The corporate tax cuts resulted in another 2.9 trillion in government borrowing to give tax cuts to the wealthiest. The net cost of Bush Tax cuts was about 5 trillion dollars.”

Unemployment was 4.4% under Bush.

It’s over 10% under Obama and it’s not getting any better.

Redneck Convert (R--and proud of it)

January 26th, 2010
1:22 pm

Well, people need to stop using the d-work about LA. Even if he is one. He just gets too upset and we get about 300 posts from him and we never get back on the topic.

Use the p-word. He’ll feel better and we’ll be fine.

LA

January 26th, 2010
1:23 pm

“You dims can blame Bush forever and it simply will not change the fact that Obama owns this mess. Its his. ”

Yep, let them keep blaming.

The result will continue to be democrats losing their seats.

Granny Godzilla

January 26th, 2010
1:23 pm

the final months of Bush term?

to quote you….LOL LOL LOL LOL

Sam

January 26th, 2010
1:24 pm

i prefer d bag..

jj

January 26th, 2010
1:24 pm

Reality….. It was a Democratically controlled congress who approved the two largest deficit spends under Bush. And all the supplus under Clinton was from Republican controlled budgets. And in the vain of never let facts get in the way. Go look at the CBO website and you will see the deficit grew every single year under Clinton, only in Washington can that be called deficit reduction.
If Bush has to take the fall for 9-11 and the small recession left by Clinton and Gore, than Obama has to take the heat for what Bush left. If there is going to be only one set of rules they have to apply to both parties.

The American People

January 26th, 2010
1:25 pm

Obama is an unexperienced clown with no clue surrounded by crooked cronies with a few Mao lovers thrown in the mix. He lies and those lies would not be exposed without certain news outlets that are not on the White House payroll. Down With Dems In 2K10

mike

January 26th, 2010
1:25 pm

““All Obama needs to do is wait for the Republican obstruction to cause the recession to start coming back, full force. Which will occur by the end of this summer, latest.””

LOL. Can you tell me how GOP “obstructionism” will cause a recession? That should be good for a laugh.

NJ

January 26th, 2010
1:25 pm

Simply put again, I doubt all the Republican small business owners and home owners out there have paid off their ENTIRE mortgage OR pay for their businesses operating without having a “line of credit”

I would guess that 90 percent of the businesses would COLLAPSE, or they would lose their homes if their debt was called in, TODAY.

stands for decibels

January 26th, 2010
1:25 pm

as soon as bush left office his legacy evaporated. its as if he was never president.

He began being disappeared, officially, at the 2008 Republican convention.

getalife

January 26th, 2010
1:25 pm

Hillary went off on France and Italy for their criticism of the Haiti rescue.

LA

January 26th, 2010
1:26 pm

Redneck Convert (R–and proud of it)

Hey, I saw you in “Deliverance” the other day. Turner Classic had it on. It must have sucked when Burt Reynolds shot you with his bow.

But hey, your famous “squeal like a pig” line was classic!

Granny Godzilla

January 26th, 2010
1:26 pm

gentlemen

he’s information impaired…..

mike

January 26th, 2010
1:26 pm

Granny –

“the final months of Bush term?”

Well that is accurate. What is funny?

LA

January 26th, 2010
1:26 pm

“to quote you…”

Yeah, coming from someone who believes that DailyKos is a legitimate news source.

Granny Godzilla

January 26th, 2010
1:27 pm

making pig jokes, cause that’s all he’s got?

LOL LOL LOL

Granny Godzilla

January 26th, 2010
1:27 pm

mike and la

lol lol lol

LA

January 26th, 2010
1:27 pm

“i prefer d bag..”

I’m sure you do.

stands for decibels

January 26th, 2010
1:27 pm

I am deeply concerned that online conservatives are not getting the transparency they didn’t vote for.

Granny Godzilla

January 26th, 2010
1:28 pm

information impaired….damn i got that right

lol lol lol

LA

January 26th, 2010
1:28 pm

“making pig jokes, cause that’s all he’s got?”

No, I have you to toy with.

mike

January 26th, 2010
1:28 pm

sfb –

“He began being disappeared, officially, at the 2008 Republican convention.”

Well actually his, poll numbers have been improving since that time. Not as rapidly as Cheney’s, but still.

It is Obama who has been on a steady decline. I know that you don’t like to let reality interfere with one of your bleats, but thought you should know what is going on here on earth.

mike

January 26th, 2010
1:29 pm

“I am deeply concerned that online conservatives are not getting the transparency they didn’t vote for.”

I am more concerned about the mindless partisans who voted for transparency and don’t care about whether they get it or not. Seems like a much bigger divergence.

Normal

January 26th, 2010
1:29 pm

Kamchak

January 26th, 2010
1:06 pm

I thought so and I always thought it was very good advice… :)

Granny Godzilla

January 26th, 2010
1:30 pm

plays with toys

lol lol lol

chuck

January 26th, 2010
1:30 pm

Jay, all of these look like TAX CUTS to me.

Economic Recovery Tax Act of 1981 C phased-in 23% cut in individual tax rates; top rate dropped from 70% to 50% C accelerated depreciation deductions; replaced depreciation system with ACRS C indexed individual income tax parameters (beginning in 1985) C created 10% exclusion on income for two-earner married couples ($3,000 cap) C phased-in increase in estate tax exemption from $175,625 to $600,000 in 1987 C reduced Windfall Profit taxes C allowed all working taxpayers to establish IRAs C expanded provisions for employee stock ownership plans (ESOPs) C replaced $200 interest exclusion with 15% net interest exclusion ($900 cap) (begin in 1985)

As for the impact of these increases, according to the table at the end of the article, the 2 bills mentioned had an impact of only about 40 billion dollars over 4 YEARS, or about 10 billion a year. I would not call these the end all be all of the revenue increase that occurred. Additionally, these are based on Treasury Department ESTIMATES. What that means is that the bills could have had a negative impact on revenue. What if those tax increases actually kept the revenues from increasing MORE? All we know for SURE is that revenues increased after the marginal rates were reduced. FACT.

LA

January 26th, 2010
1:30 pm

Well, this should piss off liberals even more.

George Bush laugh: heh heh heh

Fox News Finishes Week #1 in All of Primetime Cable

Fox News was the top cable network in primetime last week, averaging the most total viewers between January 18th-24th. The last time FNC topped USA and came in first was during the week of the 2008 presidential election.

In a week dominated by coverage of the earthquake in Haiti and the U.S. Senate election in Massachusetts, FNC drew an average of 3.2 million total viewers in primetime (Mon-Sun).

Fox was ranked 3rd in total day. CNN was 22nd in primetime and 19th in total day, and MSNBC was 25th in primetime and 31st in total day.

stands for decibels

January 26th, 2010
1:30 pm

Well actually his, poll numbers have been improving since that time.

I’m not discussing poll numbers, mike. If I were I would have begun the timeline around “ah’ve got political capital and ah’m gone spend it.”

Jenifer

January 26th, 2010
1:31 pm

NJ,

I’m another fan of yours. You always make my day with your vast knowledge of the facts.

Granny Godzilla

January 26th, 2010
1:31 pm

george bush laugh

lol lol lol

LA

January 26th, 2010
1:31 pm

“plays with toys”

Well, that does describe how I treat you.

Outhouse GoKart

January 26th, 2010
1:31 pm

“Reality….. It was a Democratically controlled congress who approved the two largest deficit spends under Bush.”

HUMP…Day it is!

The double dip recession will most likely occur and this too will land at the doorstep of the annointed one, Barry Obama, his cronies and the dimocrats. Get ready….

NJ

January 26th, 2010
1:32 pm

About 85 percent of the national debt and the same of the overall deficit, is a Republican legacy.

The Republicans borrowed most of what they are now bitching about.

The first step in economic recovery will be simply to allow the Bush Tax cuts to the wealthy expire at the end of this year.

The next thing that will occur will be expansion of businesses as “use it or lose it” becomes the meme.

A business would rather open another store or factory than have the government take the money if they decide to take it as personal income. That is a dead certainty. It is what created the middle class in the 1950. A wealthy person would rather own something that is worth something than take it in the form of a liquid asset, salary whatever. A million dollar store and inventory that belongs to me is still worth more than a million dollar salary taxed at 70 percent.

stands for decibels

January 26th, 2010
1:32 pm

Fox was ranked 3rd in total day.

Came in behind Nickelodeon again, did they?

mike

January 26th, 2010
1:32 pm

sfb –

“I’m not discussing poll numbers, mike. If I were I would have begun the timeline around “ah’ve got political capital and ah’m gone spend it.””

Of course you don’t want to talk about numbers, as numbers are facts as opposed to ill-informed and illogical opinions.

I really don’t care how you spin it. Bush has become steadily better received since the date you bleated and Obama has seen a dramatic drop since that time.

Bush did spend his capital on Social Security reform, but was shut down by Democrat “obstructionists”, but you guys didn’t call them that then. LOL

LA

January 26th, 2010
1:32 pm

george bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lolgeorge bush laugh

lol lol lol

Mick

January 26th, 2010
1:33 pm

LA

Bush vs. obama and so forth. Just make sure social security and medicare is strong and solvent; everyone gets old some day..

Granny Godzilla

January 26th, 2010
1:33 pm

how you treat me….

lol lol lol

Sam

January 26th, 2010
1:34 pm

who the hell cares about cable news ratings? do you work for Fox news? how pathetic….

Matilda

January 26th, 2010
1:34 pm

Hillary went off on France and Italy for their criticism of the Haiti rescue.

Yes she did! She’s still standing up for the United States of America in spite of the nasty things many of you said about her and the blatant sexism that still reigns here. She could have retired to a life of shopping, planning her daughter’s wedding, and using gardners & pool boys to get even, but she’s in there fighting for our interests and defending our good name.

Granny Godzilla

January 26th, 2010
1:35 pm

lolgeorge….that’s for real

lol lol lol

mike

January 26th, 2010
1:35 pm

sfb –

“Came in behind Nickelodeon again, did they?”

And far, far ahead of the folks who spout the ideology that you support and that the American people regularly reject.

LA

January 26th, 2010
1:35 pm

“who the hell cares about cable news ratings? do you work for Fox news? how pathetic….”

Yeah, I work for FOX NEWS. Right now Hannity and Greta are sitting right here laughing at you.

” how pathetic”

That certainly describes Mrs. Gizzard alright.

Outhouse GoKart

January 26th, 2010
1:35 pm

Allow the Bush tax cuts to cease? Good idea!

Then the people who have money will spend even less. Ya…good idea!

Keep em coming!

mike

January 26th, 2010
1:36 pm

NJ –

“About 85 percent of the national debt and the same of the overall deficit, is a Republican legacy.”

LOL. This is great. Please tell us how you arrived at this random number. A source might be nice too.

LA

January 26th, 2010
1:36 pm

“Yes she did! She’s still standing up for the United States of America”

She offered to give them all a piece of her large backside as a meal.

Granny Godzilla

January 26th, 2010
1:37 pm

how pathetic

lol lol lol

Whacks Eloquent

January 26th, 2010
1:37 pm

Perhaps the liberals are in rare form today because of the news that President Obama has abandoned them. Left them standing holding the pork…that stuff gets greasy after a while!

Oh, and Sam…
who the hell cares about the Democrats’ poll numbers? do they work for the American people?
wait, aren’t they supposed to?

mike

January 26th, 2010
1:37 pm

Sam –
“LA, you are not even remotely funny you realize that right? actually your sense of humor is a lot like ‘the midget’ sean hannity…maybe you do work for fox after all…”

Yeah, you are much funnier.

I love when liberals quit even trying to make a point. I don’t blame them, as they are so quickly refuted.

Sam

January 26th, 2010
1:38 pm

LA, you are not even remotely funny you realize that right? actually your sense of humor is a lot like ‘the midget’ sean hannity…maybe you do work for fox after all…

Sam

January 26th, 2010
1:38 pm

thats it for me…later d bag.

Kamchak

January 26th, 2010
1:38 pm

Well, this should piss off liberals even more.

Not this one–mainly because I don’t need a poll to tell me where to get my information. You, however, post many polls daily. That suggests to me that you seek validation of your opinion based on a majority.

LA

January 26th, 2010
1:39 pm

Looks like the gays and lesbians were dead wrong about the rest of the world excepting gay marriage.

Moscow mayor calls gay pride march ‘Satanic’

The mayor of Moscow, known for his overtly homophobic statements, said Monday that he would never allow a gay pride parade in the city, calling it “Satanic” and saying marchers should be punished.

“A gay parade… cannot be called anything but a Satanic act,” Yury Luzhkov told an education conference, quoted by Interfax news agency. “We haven’t permitted such a parade and we won’t permit it in the future.”

Luzhkov called for gay marchers to be punished. “It’s high time that we stop propagating nonsense discussions about human rights, and bring to bear on them the full force and justice of the law,” he said.

Gay rights campaigner Nikolai Alexeyev reaffirmed that plans for this year’s gay pride parade will go ahead despite the ban.

“We don’t plan to make any changes. We still plan to hold a gay parade on May 29,” Alexeyev told AFP.

Luzhkov first called the gay pride parade “Satanic” in 2007, prompting gay rights campaigners to sue him for libel — unsuccessfully.

Outhouse GoKart

January 26th, 2010
1:40 pm

“She could have retired to a life of shopping, planning her daughter’s wedding, and using gardners & pool boys to get even,”

Tood bad she didnt. Her rhetoric is about as effective as the kenyans.

LA

January 26th, 2010
1:40 pm

“you are not even remotely funny you realize that right? actually your sense of humor is a lot like ‘the midget’ sean hannity…maybe you do work for fox after all…”

Awwwwwwwwwwe, a partisan hack said I’m not funny.

What ever will I do??????????

LA

January 26th, 2010
1:42 pm

“Not this one–mainly because I don’t need a poll to tell me where to get my information.”

Really, then why are liberals always talking about them? OHHHHH, that’s right, they only show them when a poll favors them……..

“You, however, post many polls daily.”

Show me one poll that I’ve posted today.

“That suggests to me that you seek validation of your opinion based on a majority.”

Nope, I post articles just to piss off liberals. And from your comment, it’s working just as planned.

mike

January 26th, 2010
1:42 pm

Jenifer –

“I’m another fan of yours. You always make my day with your vast knowledge of the facts.”

LOL. You ever notice that he is unable to ever provide a source for his “facts”.

Please don’t think that long paragraphs mean that the writer knows what he is talking about. That is as silly as saying “It must be true. I saw it on the Internet”. LOL

Matilda

January 26th, 2010
1:43 pm

What ever will I do?????????? I know! You can offer them, as a meal, a portion of your very large um….. OH…. never mind. Heh. How thoughtless of me to make a size reference. So sorry.

pat

January 26th, 2010
1:43 pm

“No. Obama’s policies have not failed. They have simply NOT been allowed to work.”
You’ve got to be joking…He had a super majority in both houses!! If he cannot succeed in screwing the countries with his policies with a supermajority, his policies are a failure…OMG, how dumb.

NJ

January 26th, 2010
1:44 pm

The entire national debt attributed to Reagan and Bush 41/43 is well over 11 trillion.

Jimmy Carter. National Debt dropped by 3.2%

Clinton, first term dropped by 0.6%
Clinton second term dropped by 8.2%

By tenure, the largest increases in gross debt relative to GDP occurred under George H.W. Bush (+13.1%), George W. Bush (+18.1%), and Ronald Reagan (+20.5%).

But lets do some comparisons by GDP

Carter national debt is 32.6% of GDP

Reagan first term 43.9% of GDP

Reagan second term 53.1% of GDP

George HW Bush 66.2% of GDP

Bill Clinton first term it drops to 65.6%

Bill Clinton second term it drops to 57.4%

George W Bush, first term, it INCREASES to 64.3%

George W Bush second term it INCREASES TO: 75.5%

This is what Obama starts with a national debt that is 75.5 percent of GDP.

Granny Godzilla

January 26th, 2010
1:44 pm

Moscow mayor calls gay pride march ‘Satanic’

lol lol lol

Awwwwwwwwwwe, a partisan hack said I’m not funny.

lol lol lol

I post articles just to piss off liberals

lol lol lol

(how does he do this all day its so boring?) oh and lol lol lol

LA

January 26th, 2010
1:45 pm

(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol(how does he do this all day its so boring?) oh and lol lol lol

Outhouse GoKart

January 26th, 2010
1:45 pm

The dims are just running out of steam. Their party is in a shambles, their leaders flail about like headless chickens and their leader has been neutered.

What will they do!

NJ

January 26th, 2010
1:45 pm

Nah. All we have to do is wait for the Republicans to mess up again. Which given their history is 100 percent certain.

TaxPayer

January 26th, 2010
1:46 pm

Well, anything interesting happening while I was away. Nah.

Kamchak

January 26th, 2010
1:46 pm

Show me one poll that I’ve posted today.

That would be here

Mick

January 26th, 2010
1:47 pm

LA

Congrats on leading off this page.

Outhouse GoKart

January 26th, 2010
1:48 pm

Barry probably drags in nightly to hear “The First Lantern Jaw” say “Honey how was work today” to which Obama stumbles over, lays his head on her shoulder and begins to sob…LMAO!!

Granny Godzilla

January 26th, 2010
1:48 pm

gonna go get a cold dr pepper…..for the ones i miss

________ ____________ ____ _____ ____________!!!!!
(fill in the blank)

lol lol lol

NJ

January 26th, 2010
1:49 pm

Simply put Republican economic record is terrible. They consistently kick off an economic spiral and speculative markets. Every economic mess started during Republican administration and tax cut policies.

In the past they had the common sense to tie tax cuts to some sort of available revenue. Presently Republicans simply BORROW to give tax cuts.

LA

January 26th, 2010
1:50 pm

“That would be here”

Where?

Nothing happens.

Outhouse GoKart

January 26th, 2010
1:51 pm

I betcha CNN’s Judy Woodruff wet herself nightly. I remember watching when Bush KO’d Kerry. She was about to start balling, live and in color. With Obama failing with each and every move Judy is probably ready for an extended vacation at “Trembling Oaks Recovery Center”.

Or maybe she is suffering from the DTs.

pat

January 26th, 2010
1:51 pm

Obama hasn’t been allowed to succeed by the nimrods in his own party…How much of a majority does he need? 100%?
He failed, which is why he is back tracking…

I guess there were people in the life boats who still thought the Titanic was unsinkable.

TaxPayer

January 26th, 2010
1:53 pm

What in the world is DumbR yapping on about today. That boy’s got issues. If he’d just quit obsessing over cheating on taxes, he’d be a lot better off.

Whacks Eloquent

January 26th, 2010
1:53 pm

NJ – Savior of the liberal bloggers! They have not been this giddy since Obama won the election!

But now we conservatives are to be known as the knights who say…….
SCOTUS!

Kamchak

January 26th, 2010
1:55 pm

LA

January 26th, 2010
1:30 pm

Well, this should piss off liberals even more.

George Bush laugh: heh heh heh

Fox News Finishes Week #1 in All of Primetime Cable

Fox News was the top cable network in primetime last week, averaging the most total viewers between January 18th-24th. The last time FNC topped USA and came in first was during the week of the 2008 presidential election.

In a week dominated by coverage of the earthquake in Haiti and the U.S. Senate election in Massachusetts, FNC drew an average of 3.2 million total viewers in primetime (Mon-Sun).

Fox was ranked 3rd in total day. CNN was 22nd in primetime and 19th in total day, and MSNBC was 25th in primetime and 31st in total day.

Are you saying that these results didn’t come from polling data?

Reality

January 26th, 2010
1:56 pm

LA – Why in the world do you think that people that post opposite to your opinion are “gals”? Again, you clearly show the type of person you are by doing so. LOL!!!!

LA

January 26th, 2010
1:57 pm

Kamchak

THAT IS NOT A POLL!!!!

Do you know the difference between a poll and cable ratings?

“Are you saying that these results didn’t come from polling data?”

Yes I am.

NJ

January 26th, 2010
1:58 pm

As far as the 85 percent figure. I was being generous towards Republicans. EVERY Democrat since 1976 has REDUCED deficit as a factor of GDP. Every Republican has INCREASED national debt as a factor of GDP.

Basically this alone asserts that Republicans are responsible for 100 percent of the National Debt since 1976.

Outhouse GoKart

January 26th, 2010
1:59 pm

LOL…more stupidity from the Left.

Newspapers Slam ‘Bogus’ Pro-Obama Letter From Mystery Writer
http://www.foxnews.com/politics/2010/01/26/newspapers-obama-fan-bogus-letter/

LA

January 26th, 2010
1:59 pm

“Simply put Republican economic record is terrible.”

No, but your grammar is.

LA

January 26th, 2010
2:00 pm

“LA – Why in the world do you think that people that post opposite to your opinion are “gals”?”

Guess it’s a habit, ma’am.

Mick

January 26th, 2010
2:01 pm

Fox viewership plus msnbc doesn’t amount to a hill of beans. Both of them are not really important in the scheme of things. Now this blog on the other hand…

LA

January 26th, 2010
2:02 pm

“Again, you clearly show the type of person you are by doing so.”

Yep, I’m showing that I can tell the difference between a man and a woman.

FrankLeeDarling

January 26th, 2010
2:03 pm

as funny as spam can be

LA

January 26th, 2010
2:03 pm

“Both of them are not really important in the scheme of things. Now this blog on the other hand…”

Is that so?

FrankLeeDarling

January 26th, 2010
2:04 pm

Mick

January 26th, 2010
2:05 pm

Think about it; they are both preaching to the choir and thier viewers are a minute segment of the population, so, my network is better than yours rings hollow.

LA

January 26th, 2010
2:06 pm

“they are both preaching to the choir and thier viewers are a minute segment of the population, so, my network is better than yours rings hollow.”

Yeah, but the president of the free world seems to think that FOX is a bigger enemy than Al Queda.

Kamchak

January 26th, 2010
2:06 pm

Do you know the difference between a poll and cable ratings?

Explain to me the difference.

LA

January 26th, 2010
2:08 pm

” Explain to me the difference.”

Apparently you need a lot of things explained to you.

LA

January 26th, 2010
2:08 pm

New thread upstairs. Whoville.

Jenifer

January 26th, 2010
2:08 pm

NJ,

Keep those facts coming. We love ‘em.

LA

January 26th, 2010
2:10 pm

“Keep those facts coming. We love ‘em.”

NJ had to go back to his jail cell. His recess time is now over.

Williebkind

January 26th, 2010
2:11 pm

LA:

I think you got the best of Granny Godzilla, she has lost it. I choose not to play their games.

NJ statistics are climategate statistics they have been tweaked to get the desired results.

You did hear the three sums of jobs saved/created by three different liberals?

NJ

January 26th, 2010
2:11 pm

Simply put, I defy any of these Republican drones out there to find a SINGLE Republican administration that has reduced the deficit in since 1960. Its a simple request. Any Republican tax cut that was not followed by a recession. Its simple. Its proof.

LA

January 26th, 2010
2:12 pm

“I think you got the best of Granny Godzilla, she has lost it. I choose not to play their games. ”

Well, it is nap time in the nursing home.

NJ

January 26th, 2010
2:12 pm

Simply put, they elect Republicans for their “fiscal conservatism” and the only answer they have after these guys are elected is that they were not “true conservatives”

Kamchak

January 26th, 2010
2:13 pm

Apparently you need a lot of things explained to you.

Apparently you got nothing.

LA

January 26th, 2010
2:13 pm

“Simply put, I defy any of these Republican drones”

You defy?

Defy: To oppose or resist with boldness and assurance

How does one oppose or resist with boldness, a Republican drone to find something?

Grammar fail?

LA

January 26th, 2010
2:14 pm

“Apparently you got nothing.”

You’ve proven my point, Kamchak.

You ain’t none too bright.

NJ

January 26th, 2010
2:18 pm

Yup Carter holds the RECORD for most jobs created. Then Clinton.

Bush 43 has the worse record for job creation. That is because the Neo Con’s invented the “jobless recovery” This is related to their lowering the top tax rates.

The CHART on the Wall Street Journal shows it CLEARLY:

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/tab/article/

Carter EXPANDED payrolls by 13.1% in one term

Clinton by 21.1 percent in TWO TERMS.

Reagan does 17.6% in two terms.

Bush 41 2.3% in one term

Bush 43 2.3% in two terms.

Your point being?

Oh, Lyndon Johnson 20.8%. two terms

NJ

January 26th, 2010
2:19 pm

NJ

January 26th, 2010
2:21 pm

Again, LA, PROOF.

The Republican record, data, statistics, is simply very, very, very bad. The best you can offer is not as good as the worse Democrat.

Normal

January 26th, 2010
2:22 pm

LA won’t come out of the closet…

Jenifer

January 26th, 2010
2:23 pm

NJ,

Some of these creeps will just not accept facts. Probably hurts too bad.

Jenifer

January 26th, 2010
2:23 pm

Scaredy cat ran off upstairs.

NJ

January 26th, 2010
2:23 pm

And of course the simple assertion that tax cuts given by Republicans have some sort of STIMULATING effect on the economy has NEVER been proven by Republicans. They make the assertions, but objective, economic proof never is forthcoming. It has never happened. Not once, not ever.

When you ask REEEEPublicans to provide some sort of factual evidence to support this fairy tale, they cannot come up with actual EVIDENCE.

They make comments like “I would hate you to be my accountant” but facts are lacking. Always.

NJ

January 26th, 2010
2:26 pm

Or as ANOTHER Washington Monthly Article puts it:

REPUBLICANS vs. DEMOCRATS ON THE ECONOMY….Did you know that Democratic presidents are better for the economy than Republicans? Sure you did. I pointed this out two years ago, back when my readership numbered in the dozens, and more recently Michael Kinsley ran the numbers in the LA Times and came to the same conclusion.

The results are simple: Democratic presidents have consistently higher economic growth and consistently lower unemployment than Republican presidents. If you add in a time lag, you get the same result. If you eliminate the best and worst presidents, you get the same result. If you take a look at other economic indicators, you get the same result. There’s just no way around it: Democratic administrations are better for the economy than Republican administrations.

Skeptics offer two arguments: first, that presidents don’t control the economy; second, that there are too few data points to draw any firm conclusions. Neither argument is convincing. It’s true that presidents don’t control the economy, but they do influence it — as everyone tacitly acknowledges by fighting like crazed banshees over every facet of fiscal policy ever offered up by a president.

The second argument doesn’t hold water either. The dataset that delivers these results now covers more than 50 years, 10 administrations, and half a dozen different measures. That’s a fair amount of data, and the results are awesomely consistent: Democrats do better no matter what you measure, how you measure it, or how you fiddle with the data.

http://www.washingtonmonthly.com/archives/individual/2005_05/006282.php

Granny Godzilla

January 26th, 2010
2:27 pm

willieb

yep….the best of me….tee hee hee

Jenifer

January 26th, 2010
2:28 pm

NJ,

Why don’t you join the fun upstairs? You know, do a little hounding.

Williebkind

January 26th, 2010
2:30 pm

NJ

January 26th, 2010
2:23 pm

After climategate I do not believe any statistics given by any liberal. You are wrong they have been tweaked! Those figures are no good. It is a lie! Dont you get it?

NJ

January 26th, 2010
2:30 pm

Facts are facts. Republicans tend to resort to “Faith Based” economics. There is NO evidence whatsoever that their economic ideology has a “positive” effect on the economy. This is over a fifty year time frame, no matter how you look at the data, Democrats outperform Republicans in every economic measure except one. Inflation. Thats the only one where Republicans outperform Democrats and even in this it is barely.

NJ

January 26th, 2010
2:32 pm

Numbers are number. A party that creates MORE JOBS numerically is superior at job creation.

A president who LOWERS the national debt relative to the GDP lowers the debt. This is UNLIKE climate, because it is ALREADY PAST. It has happened. It can be measured in Dollars and Cents and employment and unemployment. Its a simple, direct measure.

NJ

January 26th, 2010
2:34 pm

Even Bush 43. He based his platform on tax cuts based on Clinton projected surpluses. After he gave the tax cuts, he claimed that the surpluses never existed.

Go BACK to the 2000 Campaign. Gore wanted to SAVE the projected surpluses. Bush wanted to give them away.

extremerightwing

January 26th, 2010
2:35 pm

let’s remember something about Reagan and the tax cuts and spending. the dims controlled congress then and insisted on increased domestic spending. yes, the tax cuts worked and brought in more revenue, but for every dollar brought in, two were spent. part went to defense spending but the majority went to domestic issues.

right now medicare, medicade and SS consume 59% of the budget and will continue to do so unless costs are brought under control. ss has been expanded to allow almost anyone breathing to qualify for benefits which was totally against the initial idea of that ponzi scheme and it is a ponzi scheme if there ever was one.

my question…are you willing to either take a cut in any of these programs or allow taxes to be raised to fund these?

Reality

January 26th, 2010
2:38 pm

Bottom Line….

1. The people of the US (the majority) said that they wanted to overhaul healthcare. This was a major issue in the presidental campaign and is one major reason Obama won.
2. Obama did what he promised. He has tried to pass healthcare reform. Members of his own party weren’t cooperative. Members of the other party stood in unison against him. No one from the republican party would support the American people’s wish for healthcare reform.
3. The economy has become even worse…..slow to recover. The American people are now desperate and jobs have become a priority. Healthcare isn’t “lost” to the American people it is simply not #1 on the front of everyone’s mind.

It is apparent that the republicans are doing whatever possible to simply oppose whatever Obama proposes – whether it is what the American people want or not.

Obama is also trying to help with the US deficit. We’ll see how the ‘republican conservitives’ deal with this! Are they going to also fight him in his effort to be fiscially responsible?

Williebkind

January 26th, 2010
2:39 pm

Reality

January 26th, 2010
2:38 pm

Hey a good effort to rewrite history! It didn’t work!

Jay

January 26th, 2010
2:40 pm

Extreme, you are incorrect. Every budget that Congress passed in that era spent what Reagan had requested. They did wrangle over HOW that money was to spent, but Congress did not spend more than the Gipper requested.

NJ

January 26th, 2010
2:48 pm

The attempt to INCLUDE Social Security in the factoring of the government debt forgets a SINGLE fact.

Social Security has a DEDICATED Tax that spends LESS on Social Security than it takes in as revenue.

So IMMEDIATELY one has to REMOVE Social Security from consideration It pays for itself. It also pays a HUGE chunk of what the government pay for outside of what INCOME TAX has to cover.

The LARGEST debt the nation has is not to China or to ANY foreign lender but to Social Security itself. Half of the national debt was “BORROWED” from the Social Security Trust Fund.

The largest portion of the national debt is DEFENSE related. One third of the budget goes on DIRECT defense. Another 20 percent is on debt service for the military portion of the budget and past obligations like Veterans Benefits. Then there are the portions of other departments like DoE and NASA that are spent on defense purposes.

The Republican efforts to attempt to put the weight onto Social Programs relies on leaving out the PAYROLL tax that covers ALL of Social Security payments and a huge chunk of Medicare.

Income taxes do not even come close to covering what has to be spent for defense.

Then there are

NJ

January 26th, 2010
2:50 pm

To put it SIMPLY only 30 percent of the total budget is spent on “Human Resources” 28 percent is current military, 23 percent is PAST military General government is 13 percent. Physical resources, 6 percent.

All you actually HAVE to do is look at the Federal Budget and add the numbers. Defense accounts for 51 percent of all the dollars being spent in 2010.

Williebkind

January 26th, 2010
2:52 pm

“The largest portion of the national debt is DEFENSE related. One third of the budget goes on DIRECT defense.”

Yepper and if Clinton would have done his job we might not have had those wars following his sexual discretion. Look at the billions and billions and billions and billions of dollars that would have saved.

You are so sweet Granny!

pat

January 26th, 2010
2:57 pm

I think we need to call these people a Wah-mbulance…

I challege you to prove that obama’s failed deficit isn’t the largest in history…..

NJ

January 26th, 2010
3:03 pm

All you really have to look at is the Treasury Departments list of who it owes money to.

3.3 trillion is owed to foreign holders of U.S. Treasury notes (China, Japan, the United Kingdom, Oil Exporters, Caribbean Banking Centers, Brazil, Russia, Luxembourg, Hong Kong, and Taiwan.)

4 Trillion is owed to Social Security.

The rest is “debt service” or American who own Treasury notes.

The simplest way to eliminate the debt is to look at where most of the money is wasted in ways that do not provide some sort of return to the domestic economy. That is in the Defense arena.

Social Security. Without the money that is paid out in payroll taxes, income and business taxes would have to take up the slack. That is, the median rate of payment would have to REPLACE the 35 percent of federal revenues paid into Social Security in the form of “payroll taxes”

Or the top tax rate would have to go up to the point where it pays at least 51 percent of the budget. That would mean the top tax rates would have to be somewhere over 50 percent, just to pay for defense alone.

Both Social Security and Medicare have special, dedicated payroll taxes. Lock payroll taxes, and they are paid for.

But then the government has TWO options. Borrow even more from foreign powers. Or raise taxes.

First Sergeant

January 26th, 2010
3:05 pm

mike

January 26th, 2010
1:36 pm
“A source might be nice too”.

OK Mike, let’s say NJ provides you a source. Then what? Would it change your opinion of how we arrived at our current deficit? I”m pretty sure it wouldn’t!

Jay

January 26th, 2010
3:05 pm

I’ll take that challenge, Pat.

The only fair way to compare deficits is to do so as a percentage of GDP, to account for inflation, etc. As a percentage of GDP, the 2010 deficit is projected at 9.5 percent of GDP. That is considerably less than during WWII, when it topped out at 31 percent of GDP.

It is also less than the fiscal 2009 deficit, which was 13.9 percent of GDP and was Bush’s responsibility. Bush signed the budget, with its spending and tax levels, and on the day Obama took office, before he did a thing as president, the ‘09 budget deficit was projected at $1.3 trillion. That’s about what it ended up as.

So Bush has the largest post-war deficit on record.

NJ

January 26th, 2010
3:05 pm

Nah. No real reason to go into Iraq, which really has taken the lions share. Had nothing to do with Clinton or his indiscretions.

The real reason for the Islamic terrorism is the need to have military assets in the middle east to keep control over oil.

Carter warned of this in 1979 when he said to get off of Oil Addiction or face some form of attack from the Middle East. That happened on September 11, 2001.

Had we taken an alternative energy route 25 years earlier, it probably never would have happened.

NJ

January 26th, 2010
3:06 pm

To suggest that Americans are just too DUMB to invent their way out of oil consumption in a quarter of a century is rather less than patriotic.

NJ

January 26th, 2010
3:17 pm

But it is not Obama’s deficit. When Obama walked into Office, Bush had increased the debt from the quarter of a trillion left by Clinton. When Clinton left office, the US government was taking in MORE than it was spending.

Clinton left a 244 billion dollar national debt. Bush left office it was about 11 trillion. Clinton Balanced the budget and paid off almost all of the debt raised by Reagan and Bush 41. In fact the Clinton National debt was one third of what it was when Reagan took office.

Obama has added far less to the debt even now than any Republican has.

Even his “deficit” spending is “theoretical”, They are being SO cautious about the “stimulus” To date the LARGEST amount of money given out in STIMULUS. Tax cuts at $275 billion. The worse sort of stimulus imaginable.

To date there is still $522 billion remaining out of the stimulus package. Out of the $787 billion authorized.

Why isn’t it working as well as other countries. They actually SPENT the money. The Obama administration, other than tax cuts, has not spent much more than a billion on stimulus. They are being very thrifty with that money.

NJ

January 26th, 2010
3:18 pm

And those stimulus figures come from CNN. Today.

NJ

January 26th, 2010
3:24 pm

Again, if TAX CUTS were going to end the recession the 418 billion dollars in tax cuts given in the last 20 months, first 143 billion given by Bush and the 275 million given by Obama, would have caused SOME sort of effect.

The rest of the stimulus could only be given to people who had “shovel ready” projects and were able to prove they would have to immediately start hiring. So far only a small percentage of those who claimed they could do so have actually done so. Otherwise no one gets a dollar of stimulus money.

Williebkind

January 26th, 2010
3:31 pm

“Had we taken an alternative energy route 25 years earlier, it probably never would have happened.”

Yes, you are right about that and I was around then when the liberals were the party of NO. No more trees cutting, no more drilling, no more nuclear plants, and no more gas refineries. Yep the party of NO starved an oil based economy and cause prices to rise to $4.50 a gallon. Please account for that in the largest budget! It was created by the progressive liberal party of NO. You can not rewrite that history because I lived it.

Williebkind

January 26th, 2010
3:40 pm

You liberals are so funny! You compare one year to Obama to 8yrs of conservatives. Yeah throw in Billy boy I would love that part.

Williebkind

January 26th, 2010
3:41 pm

OMG, Obama’s economy just lost another 1000 jobs. Spin that to millions of job created/saved.

NJ

January 26th, 2010
3:44 pm

You conservatives are funny, So far Obama has CUT spending in all areas but two. Defense, Education.

The LAST Bush budget was 3.1 trillion. But he left OUT the supplementals for Iraq. Obama’s FIRST budget was 3.4 trillion. Obama did not SPEND all of the money Bush allocated for his last budget 2009.

Obama et aside $787 billion in a stimulus for various sectors of the economy, and another $410 billion for homeowners. Only HALF of that was spent. So Obamas ACTUAL budget, what he SPENT in 2009 came in LOWER than the 3.1 trillion allocated for that year.

In 2009 Obama called for spending so far of about $1.2 trillion. However, since only half of it was used, and half of that paid back, it is really closer to about $250 billion total spent in 2009.

NJ

January 26th, 2010
3:47 pm

To put it more simply Bush’s budget last year was hampered by a $500 billion deficit he left himself from 2007; but Obama’s 2009 budget hampered by a $1.4 trillion deficit Bush left him from last year. That is a $900 billion bigger hole that Bush put Obama in than he put himself in.

So far technically, all of Obama’s DEFICIT, is “theoretical” So far he has SPENT less than Congress gives him, and the savings from the 2009 budget get put BACK.

NJ

January 26th, 2010
3:53 pm

Time Magazine reports this today in an article about the Republican lashback called “Too Dumb to Thrive”

Absolutely amazing poll results from CNN today about the $787 stimulus package: nearly three out of four Americans think the money has been wasted. On second thought, they may be right: it’s been wasted on them. Indeed, the largest single item in the package–$288 billion–is tax relief for 95% of the American public. This money is that magical $60 to $80 per month you’ve been finding in your paycheck since last spring. Not a life changing amount, but helpful in paying the bills.
The next highest amount was $275 billion in grants and loans to states. This is why your child’s teacher wasn’t laid off…and why the fire station has remained open, and why you’re not paying even higher state and local taxes to close the local budget hole.

http://swampland.blogs.time.com/2010/01/25/too-dumb-to-thrive/#ixzz0djNjGEMH

This is the problem with Americans, they simply are too stupid to look at the facts, which are that for all of the assertions about Obama deficits, they do not exist anywhere but on paper. So far Congress has given him a lot more money than he actually has spent. Republicans would have found SOME method of giving it away to private corporations.

Dave R.

January 26th, 2010
3:54 pm

(Yawn)

Somebody wake me up when NJ and Jay finally realize it is CONGRESS who determines how much money is spent in a budget, and not the President.

If either one of them had a clue about how government actually works, it would shock the known world.

Williebkind

January 26th, 2010
3:55 pm

Ok, I will pass that along to the 1000 Home Depot employees. I guess they will receive 2yrs of unemployment funds to pay for their free healthcare. Obama’s budget keeps rising and its only one year.

Williebkind

January 26th, 2010
3:56 pm

Dave R.

January 26th, 2010
3:54 pm

But Dave it is such fun to glean their knowledge. They are the educators.

Williebkind

January 26th, 2010
3:58 pm

I can only remember a balanced budget one time in my life time. Who controlled congress at that time? I will leave it a a fill in the blank. _______________________________________________________

NJ

January 26th, 2010
4:06 pm

Yup. Congress set the budget but the PRESIDENT spends it. If it is UNSPENT it goes back

Like I said, and everyone else with a BRAIN has. Obama did not SPEND what was allocated to him in 2009 with Bush’s last budget.

Same thing with the “Stimulus package” Congress ALLOCATED 787 BILLION. So far 280 Odd billion were given out, the “TAX CUTS” that Olympia Snowe INSISTED ON. Then block grants to the states so they would not have to RAISE state and local taxes.

Would SOMEONE TELL DAVID R that when Congress allocated money in a budget a President does NOT have to spend it. Once Congress allocates it, it goes to the various DEPARTMENTS that fall under the various Cabinet member that are on the presidents cabinet.

Obama is doing a great job NOT spending what is being given. Bush asked for 3.1 trillion for 2009. Obama SPENT less than three trillion.

Lyndon Johnson was the only president in the last fifty years to submit a balanced budget WilliebKind.

RGB

January 26th, 2010
4:07 pm

Imagine This Headline:

“RELIEF ORGANIZATION AIRLIFTS PACK OF NABS TO EARTHQUAKE-STRICKEN HAITI”

…Followed by a Bookman column that reads in part: “But it’s a start, a gesture.”

NJ

January 26th, 2010
4:07 pm

Facts fact facts>

So far REPUBLICANS are railing against a single thing. The TAX CUTS that Obama gave.

Thats about the ONLY thing the Stimulus money has been used for.

Dave R.

January 26th, 2010
4:09 pm

Willie, I have had a lot of disagreements with Clinton’s term of office, but he was probably the only President to realize the power of Congress and worked with them (up to a point). Reagan knew, but didn’t handle it as well and had a pretty stacked deck against him. I think Johnson and Nixon also had a good idea about who really controlled the purse strings.

NJ

January 26th, 2010
4:10 pm

Again it is NOT Congress that determines how much will be SPENT. It is Congress that says how much will be ALLOCATED for the budget of each Department of Government.

Once it is ALLOCATED it is up to those department to SPEND it, or NOT spend it, depending on the efficiency of those departments.

The LEAST efficient is the Pentagon. You could run the rest of government on what they waste alone.

Dave R.

January 26th, 2010
4:13 pm

NJ, your basic premise is way, way off. You can’t put back into a budget what you never had. That they haven’t sent some money they planned to do this year only saves us money we don’t have to borrow.

That money used to prop up local governments has to be borrowed from someone else. It would have been better to do as my local government and state did and cut their budgets accordingly.

NJ

January 26th, 2010
4:13 pm

Same thing with TARP. The 1.2 Trillion dollar bailout was authorized by Bush, and payments started going out in the fall of 2008, before Obama became president, All of the money was authorized for payment as one of Bush’s last acts in the last weeks of December 2008. By the time of the Obama inauguration, the checks were already in the mail.

Dave R.

January 26th, 2010
4:16 pm

And would someone tell NJ that Congress has the responsibility to turn down a President’s budget and pass something they want? It is the reason why we have checks and balances in our Constitution, NJ, and when neither one plays by the rules, they are both at fault. But Congress is the ONLY body that can pass a budget, NJ, and they are ultimately responsible for the debt.

NJ

January 26th, 2010
4:17 pm

You can NOT spend what has been allocated. This is budgetary. Even in a local government you do not get your ENTIRE years budget given to you all at once. You are given a budget and allowed to spend it. If you DO NOT SPEND IT, it goes BACK into the “General Fund”.

Anyone knows this. That is EXACTLY how government works. The Treasury says that the Department of Defense CAN spend X amount of dollars and if it does NOT, it goes BACK to the Treasury Department’s “General Fund”

You are another example of what the Time article named,

I have worked in government. If I DID NOT SPEND what was allocated, it went back to the government’s general coffers. That is how it works. Always.

NJ

January 26th, 2010
4:20 pm

And ANY idiot knows that the president SENDS his budgetary request to Congress early in the year and then they decide what they want to GIVE him by the end of it, usually.

From that point on, its the PRESIDENT’s baby. To spend or NOT.

Obama is very smart. He is asking for MORE than he knows he is going to spend so the GAO and CBO can assert that he WILL reduce the national debt in 2011.

NJ

January 26th, 2010
4:22 pm

So why did NOT the fiscally conservative REPUBLICANS ever turn down George Bush’s HUGE increases in the budget as well as his regular HUGE supplementals for IRAQ.

The president can also VETO a budget. When it comes to budgets, the power really lies with the president. He requests them and can veto them.

But if you LOOK at Obama’s budgets he has CUT spending everywhere except DEFENSE and Education.

NJ

January 26th, 2010
4:26 pm

Again about 1.2 TRILLION dollars of Obama’s deficits this year are legacies from Bush. Situations that Bush created as well as INTERNATIONAL obligations Bush created with regard to bombing Iraq and Afghanistan to pieces and then telling them he would rebuild what he broke.

NJ

January 26th, 2010
4:27 pm

Or to put is as Colin Powell did, you broke it you bought it. Bush committed the U.S. to about 3 trillion dollars additional deficit spending the day he attacked both countries

Scott

January 26th, 2010
5:03 pm

NJ @ 1:17,

“Obama Seen as Anti-Business by 77% of U.S. Investors”

Did you miss this headline the other day?

pat

January 26th, 2010
5:07 pm

And I’ll up your challenge Jay…hot off the presses….

“At the end of 2009, debt held by the public exceeded $7.5 trillion, or about 53% of GDP, the CBO noted in its report. By the end of 2020, “debt is projected to climb to $15 trillion, or 67% of GDP,” Mr. Elmendorf said on his blog post. “With such a large increase in debt, plus an expected increase in interest rates as the economic recovery strengthens, interest payments on the debt are poised to skyrocket.”

So there…obama beat bush, in a year…That must be a reocrd of some sort…

jms

January 26th, 2010
5:13 pm

Two things are going to happen. Taxes are going up and benefits are going down. It doesn’t matter where you have your wealth – 401(k), Roth IRA, taxable account, home equity – the taxman is coming and Uncle Sam will be grateful for all your diligent saving. The other slap will be in the form of reductions in Social Security, Medicare, and every goverment service you can think of. One thing that may blunt these two nasties is if we throw open our borders and bring in a flood of young immigrants to help shoulder our bills.

Jay

January 26th, 2010
5:14 pm

Gee Pat … so it’s 2020 already?

My, how time flies. Tell me, who won the Super Bowl back in 2010? I’d like to put some money down….

NJ

January 26th, 2010
5:41 pm

Fact is that every red cent of the Obama stimulus money went directly into the pockets of citizens or went to keep police, firemen and teachers working. That money was given a year ago, and HALF of it has still been unspent.

On the other hand the Bush created TARP and gave awy 1.2 trillion dollars in bail outs for bankers, and it was all spent in about 4 months.

I know who I would trust with my money. Republican supporters are too ignorant to know better

This guy I work with got fired

January 26th, 2010
5:56 pm

And most of u guys should too.. Dem vs Rep pres…geeze- Ya gotta consider more variables. Who controlled congress during each guys term for example. Repubs forced Clinton to become a good pres.

Reagan is seen as a cost cutting- non tax raising conservative. But he sure spent a lot on defense

They were both very good-great or near great- leaders.

Carter was a full blown failure.

Bush one- competant-decent- ok

Bush 2-not as bad as Carter

Dave R.

January 26th, 2010
5:56 pm

CONGRESS created TARP. NJ. Get with the program.

And why don’t local take care of their own problems? Mine did, and didn’t take a dime of stimulus funds to save teachers fire or police.

They just cut non-Constitutional jobs elsewhere.

This guy I work with got fired

January 26th, 2010
6:08 pm

But the funniest people in the world blog on daily kos and democratic underground. These are the smartest bloggers in politics. And the most un- American. Perfect grammar- mostly good writers-so intense- The brightest moochers you will ever hear.

All repubs should read this stuff. We are talkin real life , honest to God commies! So cool.

The best parts are the wailing in agony, despair, and effeminate begging for help..public treasury- from what must be the biggest collection of losers this side of Cuba. All libs are chicks- or at least should be.

Bud Wiser

January 26th, 2010
6:44 pm

Do not forget, This Guy, that the liberal bloggers are retrieving most of the ‘data’ they post from the defecation in their own drawers.

Bud Wiser

January 26th, 2010
6:51 pm

Uh Jay, what moron math are you trying to deal in? Dollars v. dollars, ten is more than eight, you know, REAL math, a function the dimwittocrats have always had trouble with.

And to whoever the idiot that posted had Jimmy Carter as the greatest ‘job creator’, he obviously failed to pass history in school. Did he/she not experience the malaise that was Carter? And do those idiotic figures he posted include the fact that the Department of Education was created under Carter’s malaise, so that in typical Obamamath, Carter “saved or created” all of those teachers and administrators jobs for DOE, that, for the exception of the bloated bureaucracy, were already there?

Stupidity.

I need to go to the zoo to read more Shakespeare to the chimpanzees, although I suspect many of them are here.

And no, that is not a banana in my pocket, and I’m not happy to see you or to have to expose your ignorance once again.

Robert

January 26th, 2010
8:14 pm

Bud Wiser,

Couldn’t agree with you more. NJ rattled off so many comments in rapid succession that you have to know he was getting this from some liberal website. Question to any of you out there, where do you get this stuff? It’s obviously a biased presentation of statistics, events, etc. to give a conclusion that is inline with the left’s political beliefs…kind of like how the UN’s Intergovernmental Panel on Climate Change (IPPC) used and quoted “science” that has since been proven wrong (Climate gate, Himalayan Glaciers) in order to further a political agenda.

Did NJ ever mention how under Carter, we had stagflation? What about the 20% mortgage rates for those buying a house when he was president? According to him, at least for the few comments I actually read since it kind of got out of control, the country was thriving under Carter. I believe most, and by most I mean actual people and not these far left bloggers that dominate this column, would beg to differ with NJ.

TnGelding

January 26th, 2010
11:17 pm

85% of the debt is still Reagan and Bush’s. If the Bush changes in the tax code are allowed to expire and we bring ALL the troops home the budget will balance quickly. The IRS also needs to step up enforcement and crack down on the illegal and underground violators, not to mention the out and out cheats. What about a tax amnesty? That should bring in at least a trillion bucks!

Freeze all spending except for the Pentagon, and cut its budget drastically once the troops are home from Iraq and Afghanistan. And lets get all federal taxes off of businesses since their customers are paying it any way. Once workers see how much of their pay is actually going to support Social Security they’ll demand changes. They’re paying for benefits they can’t afford for themselves.

TnGelding

January 26th, 2010
11:18 pm

Isn’t the FOMC responsible for monetary policy, not the president?