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U.S. Budget Deficit Down, Lowest in 5 Years

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  • #16
    Isn't it interesting that our government has turned citizens against one another? Rather than holding our politicians accountable average hard working Americans attack one another.

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    • #17
      Originally posted by BBII View Post
      Flesh that guy out for me. What would be the 'real left' party's inaugural first order of business?
      Who said I wanted a "real left" party?

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      • #18
        Originally posted by Fedaykin View Post
        Who said I wanted a "real left" party?
        Well, it's safe to assume you define the 'middle' of the political spectrum somewhere left of pretty much everything in mainstream American politics today.

        I mean your post history leaves no mystery about how you feel about right-wing politics. Then you go on to call all of it right-wing.

        Where else is there for you to go?

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        • #19
          We still need to cut half a trillion (much more painful than 85 billion) to get spending down to 3 trillion, and then we need a record 3 trillion in revenue to break even. The government still looks too big to sustain.

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          • #20
            You must be desperate for a silver lining -- to be scraping the bottom like this.

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            • #21
              Originally posted by Arkie View Post
              We still need to cut half a trillion (much more painful than 85 billion) to get spending down to 3 trillion, and then we need a record 3 trillion in revenue to break even. The government still looks too big to sustain.
              **** like this happens when you give the wealthiest top of the pyramid in the country 50% tax breaks. Actually, it's much more than that when you include all the various "adjustments" of capital gains, estate taxes, etc. that have come since. Not to mention the slash in corporate taxes accompanied by the trade deals that encouraged the offshoring of manufacturing and jobs. Oh, and then add in a trillion dollar unfunded war.

              Parasites have turned the U.S. into their personal blood bank. Then, when the blood flow starts to slow down, they blame it on the poor. Same as it ever was.

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              • #22
                You could cut a $ trillion by ending the crazy wars and bringing the troops home. Of course, if they did this it would be impossible to hide the absence of jobs. We'd have a million angry unemployed ex- service men and women.

                You could bring jobs back to the US by taxing foreign investment. It would work -- but where's the political will to do it? Is anyone even talking about it?

                No. We are a busted nation -- shorn of solutions -- drifting toward anther meltdown and social chaos.

                MHG

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                • #23
                  Originally posted by mhgaffney View Post
                  You could cut a $ trillion by ending the crazy wars and bringing the troops home. Of course, if they did this it would be impossible to hide the absence of jobs. We'd have a million angry unemployed ex- service men and women.

                  You could bring jobs back to the US by taxing foreign investment. It would work -- but where's the political will to do it? Is anyone even talking about it?

                  No. We are a busted nation -- shorn of solutions -- drifting toward anther meltdown and social chaos.

                  MHG
                  Even if you disbanded the military entirely, it wouldn't net you an annual trillion in savings. That's how significant a trillion dollar deficit is. Crazy.

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                  • #24
                    Originally posted by BBII View Post
                    Even if you disbanded the military entirely, it wouldn't net you an annual trillion in savings. That's how significant a trillion dollar deficit is. Crazy.
                    nope but instead let's cut food stamps. yay

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                    • #25
                      Originally posted by Rigs11 View Post
                      nope but instead let's cut food stamps. yay
                      Stupid move, as I've said a time or two before.

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                      • #26
                        Originally posted by Rohirrim View Post
                        **** like this happens when you give the wealthiest top of the pyramid in the country 50% tax breaks. Actually, it's much more than that when you include all the various "adjustments" of capital gains, estate taxes, etc. that have come since. Not to mention the slash in corporate taxes accompanied by the trade deals that encouraged the offshoring of manufacturing and jobs. Oh, and then add in a trillion dollar unfunded war.

                        Parasites have turned the U.S. into their personal blood bank. Then, when the blood flow starts to slow down, they blame it on the poor. Same as it ever was.
                        Why can't the federal government live within their means? That shouldn't be a difficult concept. You addressed part of that with the "war" comment, but revenue will NEVER catch up with expenses...

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                        • #27
                          Originally posted by Crushaholic View Post
                          Why can't the federal government live within their means? That shouldn't be a difficult concept. You addressed part of that with the "war" comment, but revenue will NEVER catch up with expenses...
                          And why do they have to? This is public government, not your household or your business. There is no real need to balance the books annually.

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                          • #28
                            Originally posted by elsid13 View Post
                            And why do they have to? This is public government, not your household or your business. There is no real need to balance the books annually.
                            Right, no real need to balance the books just keep printing.
                            Last edited by Pony Boy; 11-02-2013, 06:26 PM.

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                            • #29
                              Originally posted by elsid13 View Post
                              And why do they have to? This is public government, not your household or your business. There is no real need to balance the books annually.
                              The debt is real and unsustainable. At some point, we'll be forced into a partial default where some bond holders won't get their interest payments on time.

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                              • #30
                                Originally posted by Arkie View Post
                                The debt is real and unsustainable. At some point, we'll be forced into a partial default where some bond holders won't get their interest payments on time.
                                The only way we going into default if some stupid political decision drives us there. I understand the debt and the impact it has on long term saving and interest rates but right now we are not any risk of partial or complete default.

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