When the GOP’s tax myth collides with reality…

The myth:

“The revenue issue is now closed…. You’re talking about how much — you’re asking a question, how much more money do we want to steal from the American people to fund more government? I’m for no more.”

– House Speaker John Boehner, Feb. 28, 2013

The reality:

Share of income paid in total federal taxes, 1979-2009, by income group

Source: Tax Policy Center, http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456

Source: Tax Policy Center, http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456

The American people are being sold a story that is simply, factually untrue. These are the most recent data available, indicating that every single income group is paying less of their income in taxes than at any point in the last 30 years.

– Jay Bookman

505 comments Add your comment

getalife

March 1st, 2013
2:14 pm

“obama never intended to close gitmo”

He tried but they can’t be tried legally because of torture.

Redcoat

March 1st, 2013
2:15 pm

Did everybody know the USA has an infinite amount of money?

Madmax

March 1st, 2013
2:17 pm

Of course you can use Jay’s numbers to point out that the lower income groups have received most of the benefits of this reduction:
1st quintile 86% reduction in taxes
2nd quintile 54% reduction in taxes
3rd quintile 41% reduction in taxes
4th quintile 30% reduction in taxes
highest quintile 14% reduction in taxes

The result of this is while taxes have been lowered for all, the largest beneficiaries of this has been the lower end of the scale. I believe it was 2/3 of the “Bush/Obama” tax cuts were returned to the middle class and below which is why Obama embraced them. And this has been a significant part of the reason for our reduced revenues. We are pulling revenue from a shrinking taxpayer base so the impact of recessions on that upper level is more exaggerated than in the past. Putting 1 millionaire to work/out of work is more profitable/costly (from a revenue side analysis only) to the government that putting 1,000 people to work/out of work at $20,000 each. You can then form your argument around the benefits of each course of action (reductions in the cost/size of government, the compounding impact of the money from circulation, etc) depending upon your viewpoint. The fact remains that with a shrinking taxbase, we are more vulnerable as a society when we have this type of “progressive” taxation as we become dependant on the few.

Mick

March 1st, 2013
2:17 pm

pea

Sometimes its ok to bait, catch, then release a troll…

GT

March 1st, 2013
2:17 pm

What makes you nervous is always the question are these people on the right that stupid or are they liars. Either way they are dangerous, but you keep hoping there is a better explanation than what it looks like.

Bosch

March 1st, 2013
2:18 pm

keith,

Did you go to Duke by any chance?

Redcoat

March 1st, 2013
2:19 pm

Myth or Reality?………the USA has an infinite amount of money

MONA

March 1st, 2013
2:20 pm

Using the wingnut Tax Foundation as a source does not work. Funded by Kochs and Exxon just says REGRESSIVE FLAT TAX TO ME!!!!!

Doggone/GA

March 1st, 2013
2:20 pm

“obama never intended to close gitmo”

got proof?

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:20 pm

Did you go to Duke by any chance?

HAHAHAHAHAHAHAHAHAHAHAHAHA!

getalife

March 1st, 2013
2:21 pm

“What makes you nervous is always the question are these people on the right that stupid or are they liars. Either way they are dangerous, but you keep hoping there is a better explanation than what it looks like.”

I believe conservatism is a mental defect in their dna they were born with. I believe the minds of these cons should be studied so our President listened and they will map the brain to find the defect and sell some pills for it.

Erwin's cat

March 1st, 2013
2:22 pm

Redcoat – Myth or Reality?………the USA has an infinite amount of money

since the USA prints it’s own money, I’d say reality….now if you had said “wealth” instead

They call me MISTER JamVet.

March 1st, 2013
2:23 pm

…the USA has an infinite amount of money…

Sounds like that prosperity theology that that charlatan Tilton preaches…

http://www.youtube.com/watch?v=me2H7Ja93Wg

skipper

March 1st, 2013
2:23 pm

Hey (click-click) an idea!
Give all the tax $ to the Dekalb School Board and watch the buffoonery mushroom!
okay.jokes are over.
We do need to reign in spending. They have enough coming in to make do……..
Look at the subsidies on ethanol, for example. We are wasting more $ on that than we should. All “fringe” programs should be discontinued. Trying to comply with epa regulations alone is costing more money than a country can print.

weetamoe

March 1st, 2013
2:23 pm

Top of the chart specifies federal taxes. Bookman conclusion/interpretation below chart is simply taxes-no modifier. The chart source is tax policy center. What sort of organization is that?
Just asking because I heard Obama say during the q&a after his speech today that he wants to avoid clarity when answering questions. That lack of clarity (like lack of transparency) seems to be the standard operating procedure of this administration and its operatives .

Doggone/GA

March 1st, 2013
2:24 pm

“Redcoat – Myth or Reality?………the USA has an infinite amount of money – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248303

Myth. Because if it was true, then the cost of everything would also be infinite.

Mick

March 1st, 2013
2:27 pm

redcoat

Yes, in theory we do and as long we keep getting to write the rules everybody plays by…

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:27 pm

Trying to comply with epa regulations alone is costing more money than a country can print.

So let’s do away with ‘em and make the citizens of this country sick.

Makes perfect sense to me.

td

March 1st, 2013
2:28 pm

Bro,

Here is where your future furlough days are coming from:

“While the White House operatives may think this attack is clever, it betrays an astonishing elitism: the federal government is perfect and requires no reform. That is why they have no plan to make our government leaner and more efficient. The President had 18 months to develop reforms to improve the government, but instead he announced furloughs of federal workers as a political cudgel. Yet, his golf weekend at the yacht club with Tiger Woods cost taxpayers over a million dollars—enough money to save 341 federal workers from furlough,” Sessions writes. – See more at: http://www.weeklystandard.com/blogs/senator-obamas-golf-weekend-tiger-cost-much-341-federal-workers-furloughed_704915.html#sthash.i4qGFH0B.dpuf

Redcoat

March 1st, 2013
2:29 pm

“the USA has an infinite amount of money”…….. see Bloomberg’s Myth……wonder how many of our elites think this way?

DownInAlbany

March 1st, 2013
2:29 pm

keith

March 1st, 2013
2:06 pm

Many will do their crawfish imitation and say, “…well, that was on the campaign trail. I never expected him to close gitmo…or cut the deficit in half…or provide shovel ready jobs…or make the admin the most transparent in history…it was all just campaign rhetoric…not to be taken seriously…”

Steve

March 1st, 2013
2:30 pm

I’ve been saying this for years – wealthy Americans have gotten conservatives to starve government while they hoard their money.

getalife

March 1st, 2013
2:30 pm

“It depends on how long,” Mr. Bloomberg said on his weekly WOR radio show with John Gambling. “If it lasts a few weeks, no. If it does, yeah. We get 10 or 12 percent of our budget from the federal government, not all of that is going to be cut back, but there would be effects–not good effects. But in the context of, ‘Is anything going to change tomorrow? Are we going to run out of money tomorrow?’ I’m sure I’ll get that question at the [next] press conference. No.” Bloomberg

He bought into the government is run like a household budget but it is more complicated than that.

Household budgets do use credit to buy cars, houses, college, vacations, etc… and very middle class few pay cash .

The global economy is dependent on bank lending and revenue from the banks. If you learned anything from the collapse you should know this fact.

Peadawg

March 1st, 2013
2:31 pm

“Did everybody know the USA has an infinite amount of money?”

No. We just have a credit card with no limit.

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:31 pm

Redcoat

March 1st, 2013
2:32 pm

Steve……..I agree……wealthy hiding behind Rs and Ds……..

Doggone/GA

March 1st, 2013
2:33 pm

“No. We just have a credit card with no limit”

Not true. Our “credit card” is limited by the ability to sell our bonds. If other countries and companies stop buying, that’s when our limit hits.

td

March 1st, 2013
2:33 pm

Another evil corporation hording money instead of spending it.

SAN FRANCISCO — Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday.

Patrick Pichette, who oversees Google Inc.’s bank accounts as the company’s chief financial officer, explained the company’s rationale for hoarding $48 billion in cash during a technology conference hosted by Morgan Stanley.

“It serves the shareholder best to actually have that strategic ability to pounce” when there is the opportunity to make a major acquisition, Pichette said.”

http://www.washingtonpost.com/business/technology/google-cfo-says-company-keeping-48b-in-back-packet-for-possible-acquisitions-investments/2013/02/28/da38a138-81da-11e2-a671-0307392de8de_print.html

Ooops this is a Obama supporting corporation so it must be good for them to horde their cash.

TBS

March 1st, 2013
2:34 pm

“Ooops this is a Obama supporting corporation so it must be good for them to horde their cash. ”

Someone on this blog or elsewhere said that or is this one of your many, typical ASSumptions?

Mick

March 1st, 2013
2:34 pm

td

I guess once you become president you should just be a shut in and no vacations allowed??? Ridiculous…

Redcoat

March 1st, 2013
2:35 pm

If the government can “borrow” as much as they want……..why don’t they “borrow enough to make everybody rich?

getalife

March 1st, 2013
2:35 pm

“No. We just have a credit card with no limit.”

Yes but that could change like the EU so deficit reduction is on his agenda.

bman.

March 1st, 2013
2:35 pm

Has anyone lost their job today? I read somewhere that we could lose 170 Million jobs…i’m trying to keep count and charting it

0311/8541/5811/1811/1801

March 1st, 2013
2:36 pm

Peadawg:

It’s like the lady who went to the bank to cash a personal check and when the teller told her there were insufficient funds she said,

“That can’t be ……… I still have lots of checks !”

getalife

March 1st, 2013
2:36 pm

red,

That would be mooching.

Bosch

March 1st, 2013
2:36 pm

td,

Does Google lend money? Have they gotten a government bailout?

Redcoat

March 1st, 2013
2:38 pm

getalife………so it would be ok by you then?

django

March 1st, 2013
2:40 pm

When will the myth about obama actually cutting spending collide with reality. No one in their right mind believes that the biggest spending President in our nations history has any desire to do so….

ev

March 1st, 2013
2:40 pm

and how much has been eroded away due to inflation and over spending?

R. Livingston

March 1st, 2013
2:41 pm

Interesting point made earlier that the top 20% also pay 94% percent of the taxes – it’s true. But the writer’s point is shaky. He said that discredits Jay’s point about tax rates being lower, including on the wealthy. Here’s another number that shows why the wealthy paying a huge percent of income taxes doesn’t mean they’re overtaxed: The top 25% wealthiest Americans own 87% of the nation’s personal wealth. That’s astounding. When the wealth distribution in this country was more equal, the top 25% paid about 50% of income taxes.

td

March 1st, 2013
2:41 pm

Mick

March 1st, 2013
2:34 pm

td

I guess once you become president you should just be a shut in and no vacations allowed??? Ridiculous…

Is it not true that the President had just come off of a 2 week vacation in Hawaii? President’s should take vacations but when they are out talking about how many Federal employee’s are going to be furloughed then maybe they should make a few sacrifices themselves?

If I remember correctly, when Georgia was furloughing employees then the Governor, legislature and all the Department heads also took them to show shared sacrifice.

jhunt163

March 1st, 2013
2:41 pm

I just got here late to the party, but saw this in an earlier post and spit tea out my nose from laughing so hard.

Stiglitz, krugman, and many other esteemed economists……

DownInAlbany

March 1st, 2013
2:41 pm

bman.

March 1st, 2013
2:35 pm

Ask Maxine Waters, I bet she’ll know! She really seems to have a grasp of the numbers!

barking frog

March 1st, 2013
2:42 pm

Doggone/GA
Not true. Our “credit card” is limited by the ability to sell our bonds. If other countries and companies stop buying, that’s when our limit hits.
……………………………………………………………………………………………….
The Federal Reserve Bank can buy an unlimited amount of Treasury
Securities.

Doggone/GA

March 1st, 2013
2:42 pm

“No one in their right mind believes that the biggest spending President in our nations history – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248321

The President can only spend what Congress approves. So what you are REALLY saying is “the biggest spending CONGRESS in our nations history”

You just don’t know it and won’t admit it.

Mick

March 1st, 2013
2:42 pm

**the biggest spending President in our nations history **

Gooper myth, it has been busted here many times but if it makes you feel better to believe it, carry on…

Erwin's cat

March 1st, 2013
2:43 pm

TBS – Someone on this blog or elsewhere said that or is this one of your many, typical ASSumptions?

or maybe not…I can’t speak for the source though

http://news.cnet.com/8301-13578_3-57503053-38/microsoft-google-folks-are-top-sources-for-obama-funds/

JohnnyReb

March 1st, 2013
2:43 pm

Senator Jeff Sessions – Alabama reports that Obama’s golfing trip to rub elbows with Tiger Woods cost taxpayers the equivalent of 341 government furlough workers.

What’s that old saying about a thing coming back to bite you in the ass?

getalife

March 1st, 2013
2:43 pm

“getalife………so it would be ok by you then?”

No but you cons are moochers.

Marty Huggins'

March 1st, 2013
2:43 pm

Regnad Kcin
March 1st, 2013
2:05 pm
Sorry stepped away for a while.

If you feel the point was that 1.9 was anything more than a drop in the bucket…. Well I feel for you.

And no your other idea was incorrect as well.

I could give two rat nads if they get a sense of government.

Fact is each and everyone of us needs to contribute. In my opinion each and everyone of us needs to contribute more. You may disagree with that.

But I feel each of us who works and earns a paycheck in the United States owes an amount however small. We owe it as the government regardless of what anyone thinks does allow and provide for a condition in which we are all able to obtain and earn the wage we do.

Don’t care if you understand why or if any taxpayer understands why. But we all need to pay a little more. There are things that are essential to the economy that the government does provide for.

A discussion and debate can be had about the efficiency of the programs or even the ideas by which to implement the service entirely. But the services need to be there.

JohnnyReb

March 1st, 2013
2:44 pm

Bosch – is that really you? I want a full report.

td

March 1st, 2013
2:44 pm

Bosch

March 1st, 2013
2:36 pm

td,

Does Google lend money? Have they gotten a government bailout?

And what does that have to do with hording money? Progressives are ranting all the time on these blogs that government spending is better then private sector spending because they put all the money right back into the economy.

BTW: Is it not true that Google just received some huge tax breaks?

Mick

March 1st, 2013
2:45 pm

td

Hey it’s a tough job, it was presidents day weekend and besides the presidency is a 24/7 job, thats what they said when the previous guy was shuttling back to texas every other weekend…

DownInAlbany

March 1st, 2013
2:45 pm

JohnnyReb

March 1st, 2013
2:43 pm

But, but, but, Johnny, the President DESERVES his vacationS.

Doggone/GA

March 1st, 2013
2:45 pm

“The Federal Reserve Bank can buy an unlimited amount of Treasury
Securities – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248339

Buy them from whom? Federal Treasury Securities are bought and sold on. Someone has to buy them for them to be worth anything.

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:45 pm

She really seems to have a grasp of the numbers!

Election night Karl Rove says, “What?”

DownInAlbany

March 1st, 2013
2:47 pm

Mick

March 1st, 2013
2:45 pm

td

Hey it’s a tough job, it was presidents day weekend and besides the presidency is a 24/7 job, thats what they said when the previous guy was shuttling back to texas every other weekend…

Hey, he should have known that when he applied for the job! Don’t whine about its rigor, now.
Isn’t that basically what RB was told this morning, in no uncertain terms?

Doggone/GA

March 1st, 2013
2:47 pm

“Fact is each and everyone of us needs to contribute – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248349

Well, you got your wish. Each and everyone of us DOES contribute. Now you can sleep easy.

barking frog

March 1st, 2013
2:47 pm

Doggone/GA
Buy them from whom?
……………………………………….
From the US Treasury.

td

March 1st, 2013
2:48 pm

Doggone/GA

March 1st, 2013
2:42 pm

“No one in their right mind believes that the biggest spending President in our nations history – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248321”

The President can only spend what Congress approves. So what you are REALLY saying is “the biggest spending CONGRESS in our nations history”

You just don’t know it and won’t admit it.

I guess that means you are for a total shutdown of the government? Since the Dems in the Senate have refused to pass a budget or appropriation bills then it is either continuing resolutions (at spending levels the same as the last time Dems controlled both houses) or a total shut down of the government. Which one do you want?

DannyX

March 1st, 2013
2:48 pm

“If I remember correctly, when Georgia was furloughing employees then the Governor, legislature and all the Department heads also took them to show shared sacrifice.”

I do remember correctly, both Sonny Perdue and Nathan Deal have spent almost half their time in office traveling to foreign countries. Perdue should have bought a Bejing apartment he was in China so much, most likely making connections for his shipping business.

DownInAlbany

March 1st, 2013
2:48 pm

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:45 pm

She really seems to have a grasp of the numbers!

Election night Karl Rove says, “What?”

But, Rove only missed it by a couple million! Waters on the other hand put the entire nation out of work! Say what?

TBS

March 1st, 2013
2:48 pm

EC

td’s assertion was that it was ok for Google to horde money because they were an Obama supporting company. I didn’t challenge the fact that they donated to Obama, but who asserted that it was ok because of blah, blah, blah. It was td who asserted it. No one else.

As for donations. You can go to opensecrets. Google gives more money to Democrats as a company. Through their various PACs they give about an equal amount to both parties

So I ask you, who asserted that it was ok because of blah, blah, blah?

SBinF

March 1st, 2013
2:50 pm

“Fixed percentages for income taxes, (10% for example, for easy math), for all wage earners. You make a $10 Billion a year, you pay $1 billion in taxes, you make $50 thousand a year you pay $5000 in taxes. Why complicate everything?, this is simple and everyone pays a fair share.”

Mitt, is that you?

Erwin's cat

March 1st, 2013
2:50 pm

So I ask you, who asserted that it was ok because of blah, blah, blah?

td?

Doggone/GA

March 1st, 2013
2:50 pm

“From the US Treasury”

And what backs them? They aren’t worth anything until they are sold and someone buys them. Which is what I said to begin with. When we can no longer sell our bonds (treasuries, whatever) then the credit limit has been reached.

TBS

March 1st, 2013
2:51 pm

“thats what they said when the previous guy was shuttling back to texas every other weekend… ”

Previous guy is off limits. He is only to be brought up if it is by someone on the right and in a favorable light.

Just an FYI: if those same people want to bring up any past Democrat President then it is a ok.

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:51 pm

Waters on the other hand put the entire nation out of work!

No one went to work today?

You sure you wanna stand by that?

JohnnyReb

March 1st, 2013
2:52 pm

Someone please explain how California sends so many female whacko’s to Congress?

Nancy, Barbra, Dianne, Maxine, Henry (OK, I’m not sure about Henry’s true sexual orentation, but he acts like a girl).

Bosch

March 1st, 2013
2:52 pm

td

Because if they don’t beg for government money, who gives a crap if they hoard it or not. And if you can show me where anyone has ever written that government spending is BETTER than private spending, I’ll eat my shoe. I’m sure those quotes are right along with keith’s where Obama said he PROMISED all this

getalife

March 1st, 2013
2:52 pm

Yeah, 48 billion can bribe pols globally.

Don’t hate the player, hate the legal bribery system.

TBS

March 1st, 2013
2:52 pm

“td?”

Bingo. And by his non answer, I will say it was his usual typical ASSumption that he was attempting to project onto others.

Doggone/GA

March 1st, 2013
2:53 pm

“the Dems in the Senate have refused to pass a budget or appropriation bills then it is either continuing resolutions – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248360

A budget has no force of law, does not require the President’s signatur and is, essentially, a bit of “feel good” legislation that means NOTHING.

And they HAVE passed appropriations bills or the government would ALREADY be shut down. It isn’t, it’s still being funded.

Erwin's cat

March 1st, 2013
2:54 pm

Bingo. And by his non answer, I will say it was his usual typical ASSumption that he was attempting to project onto others.

well, there is that :)

Brosephus™ -What is your major malfunction, numbnuts?

March 1st, 2013
2:55 pm

Marty @ 1:49

I honestly have no idea of the number. Let that be my first statement.

But wouldn’t anyone making 10k be eligible for “food stamps”?

If they are eligible then wouldn’t that mean many (this is the # I don’t know) would not be paying taxes on food?

That’s one possibility. You may also wish to consider that you may have multiple people with small incomes sharing the same living space. Together, their incomes might be enough to keep them off welfare as it currently stands although they might qualify if they used their own incomes. If you take additional money, that might be the point that pushes them onto the welfare rolls.

It’s not something that’s black and white, cut and dry. There are too many different variables to catch every single possibility into such a small statement. I appreciate your honesty at the beginning of your statement. Far too many make themselves appear to be the “subject matter expert” when they don’t really know stuff. I’m probably guilty of the same thing, although I have no problem at admitting I don’t know everything about everything.

getalife

March 1st, 2013
2:55 pm

The cons still swallow every word from failed rw media and a failed party.

Their bs gets dumber every day from the stupid party.

This fact will not change.

DownInAlbany

March 1st, 2013
2:55 pm

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:51 pm

Hey, I’m just repeating one of the looney left. Take it up with Maxine!

JohnnyReb

March 1st, 2013
2:56 pm

getalife – yea, we have the monopoly on stupid alright.

Redneck Convert (R--and proud of it)

March 1st, 2013
2:56 pm

Well, it’s a shame when the guvmint steals so much from us. Why, I heard the other day about a rich man that showed up at Whole Foods wearing just a pair of flip-flops and a cap. He paid so much in taxes he couldn’t even afford a towel to cover up his You Know What, which was drawing alot of stares from other people. I just hope he don’t run into that welfare queen with the six kids wearing Gucci loafers and Guess jeans and riding in a new Cadillac.

Anyhow, the boss down at the warehouse says we don’t need to worry about no sequester. People keep right on drinking beer even if they can’t afford it. They drink it to sellabrate and they drink it to drown their sorrows and they drink it for everything in between. I bet you half of the people on this blog have beer bottles piled up in the trash can next to their PCs. Got to have. It’s the only thing that could explain some of the posts I read.

Have a good p.m. everybody.

barking frog

March 1st, 2013
2:57 pm

Doggone/GA
And what backs them? They aren’t worth anything until they are sold and someone buys them. Which is what I said to begin with. When we can no longer sell our bonds (treasuries, whatever) then the credit limit has been reached.
……………………………………………………………………………………………………………
For example; Treasury issues a bond. Federal Reserve buys with a credit.
On this government asset the Federal Reserve can issue Notes(dollars)
and monetize the debt. This can be done infinitely. It is why Ron Paul hates
the Fed.

getalife

March 1st, 2013
2:58 pm

reb,

Still attacking women?

Your party passed the violence against women act so you can stop attacking women con.

QE 4 EVAH?

March 1st, 2013
2:59 pm

And that’s the thing QE, it wasn’t him that failed to close it, it was the weenies in Congress.

And the dem reps said:

“They weren’t breathing down our necks pushing the vote or demanding unified action.”

“They”=Obama

Doggone/GA

March 1st, 2013
3:00 pm

For example; Treasury issues a bond. Federal Reserve buys with a credit.
On this government asset the Federal Reserve can issue Notes(dollars)
and monetize the debt. This can be done infinitely. It is why Ron Paul hates
the Fed – See more at: http://blogs.ajc.com/jay-bookman-blog/2013/03/01/when-the-gops-tax-myth-collides-with-reality/?cp=4#comment-1248367

It’still like any other such kinds of bonds, it’s all paper until someone actually pays money for it. I’m very well aware of some of the fancy bookkeeping done in Washington, but the Fed is just one way to do it. If the Fed didn’t exist…alal RP…they’d just find another way.

Check into the history of the last “sequestration” bill passed and how they danced around to keep from actually have to “sequester” anything.

getalife

March 1st, 2013
3:00 pm

“getalife – yea, we have the monopoly on stupid alright. ”

Finally, the truth from reb.

Bosch

March 1st, 2013
3:01 pm

Reb,

Yeap, me in the flesh! I’m back Jack! Well, for now, but I’m thinking a map sounds good about now! :)

DannyX

March 1st, 2013
3:02 pm

” – yea, we have the monopoly on stupid alright.”

You sure do! Just look at last years national tour of freaks!

Bachmann, Cain, Perry, Santorum, Newt, and Santorum.

And that is just your presidential candidates!

Add to that Akin, Mourdock, Angle, Rush, Fox and Friends, Hannity, Broun, Robertson, Bush, Haggard, oh forget it, I don’t have time to list them all.

JohnnyReb

March 1st, 2013
3:02 pm

I think I posted this the other day, but what the heck it’s worth repeating.

Pinocchio, Snow White, and Superman are out for a stroll one day. As they walk, they come across a sign: Beauty contest for the most beautiful woman in the world. I am entering said Snow White. After half an hour she comes out and they ask her, Well, how’d ya do? First Place, said Snow White

They continue walking and see a sign: Contest for the strongest man in the world. I’m entering, says Superman. After half an hour he returns and they ask him, How did you make out? First Place, answers Superman. Did you ever doubt?

They continue walking when they see a sign: Contest! Who is the greatest liar in the world? Pinocchio says, This is mine. Half an hour later, he returns with tears in his eyes.

What happened they ask? Who the hell is Obama, asks Pinocchio.

Regnad Kcin

March 1st, 2013
3:02 pm

“But we all need to pay a little more. ”

Marty – totally agree with your conclusion, but differ on the reasoning. :)

getalife

March 1st, 2013
3:02 pm

“Check into the history of the last “sequestration” bill passed and how they danced around to keep from actually have to “sequester” anything.”

I doubt the cons will do any research but it is interesting and informative.

JohnnyReb

March 1st, 2013
3:03 pm

Bosch – what the heck you been up to? I seem to remember opening a business?

Bosch

March 1st, 2013
3:03 pm

QE,

So you gonna tell me next that “they” was born in Kenya? Because that’s what I’ve heard.

getalife

March 1st, 2013
3:04 pm

reb,

It was stupid the first time but you fit right into the stupid party.

Regnad Kcin

March 1st, 2013
3:04 pm

The President can only spend what Congress approves. So what you are REALLY saying is “the biggest spending CONGRESS in our nations history”

You just don’t know it and won’t admit it.
============
td: I guess that means you are for a total shutdown of the government?
====================

That td – a master of con logic…why do so many cons reason in this way (and I use the term “reason” loosely)? :)

barking frog

March 1st, 2013
3:04 pm

Doggone/GA
It is the” smoke and mirrors” of Government Finance and
extends to all the world.

Kamchak ~ Thug from the Steppes

March 1st, 2013
3:04 pm

Hey, I’m just repeating one of the looney left.

Really? Let’s go to the WABAC machine then and verify that, shall we?

DownInAlbany

March 1st, 2013
2:48 pm

Kamchak ~ Thug from the Steppes

March 1st, 2013
2:45 pm

She really seems to have a grasp of the numbers!

Election night Karl Rove says, “What?”

But, Rove only missed it by a couple million! Waters on the other hand put the entire nation out of work! Say what?

Now, in what part of that post are you “just repeating one of the looney left”, sport?

DannyX

March 1st, 2013
3:05 pm

“What happened they ask? Who the hell is Obama, asks Pinocchio.”

Obama is not the one with the Etch-a-Sketch!

DownInAlbany

March 1st, 2013
3:05 pm

Obama has continually warned us that the catastrophe of sequestration included cutting Meals on Wheels, Head Start, meat inspections, air traffic controllers, police, fire and 911 operators if the government reduces the rate of increase of federal spending by 2 percent. Since this two percent obviously covers all esential government spending, let’s cut the other 98 percent!

Bosch

March 1st, 2013
3:05 pm

Reb,

I did, which is why I’m not here anymore, but I will be, just have to get back n the groove, and I meant nap, not map.

JohnnyReb

March 1st, 2013
3:05 pm

getalife – glad you enjoyed it.

Kamchak ~ Thug from the Steppes

March 1st, 2013
3:06 pm

…but what the heck it’s worth repeating.

No, it really isn’t.