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Title: Eric Cantor Can't Explain How Republicans Will Pay for the Bush Tax Cuts
Source:
Crooks and Liars
URL Source: http://videocafe.crooksandliars.com ... cant-explain-how-republicans-w
Published: Nov 3, 2010
Author: Crooks and Liars
Post Date: 2010-11-03 15:35:58 by go65
Keywords: None
Views: 7642
Comments: 33
Rep. Eric Cantor can't explain to either Rachel Maddow or Lawrence O'Donnell what the Republicans would cut to balance the budget and pay for the Bush tax cuts he wants to see extended other than to say they're going to reduce "discretionary spending to '08 levels". He didn't seem to happy with Lawrence O'Donnell pushing him about how he and John Boehner were going to respond when they get forced to either face the wrath of the "tea party", a.k.a. their right wing base when they're forced to make the choice between raising the debt ceiling or crashing the economy.
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#1. To: go65 (#0)
Its not congress's money, therefore its insane to assert 'it must be paid for'. You on the Left are so in love with Other People's Money you can't see the obvious. Sheesh.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
What folks would like to know is what the GOP plans to cut so it isn't paying for spending by borrowing. You can't cut $1.2 trillion from $421 billion. So what are they going to cut? We'll find out shortly......
Nor does he alone make the decision.
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Perfect description of Obama and the democrats.
You must have slept through Econ 1B. Not surprising- you idiot libs/socialists are "reality challenged," on so many levels... LOL.
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
Lets see Daily Kos explain where this money is coming from. Title: GM Could Be Free of Taxes for Years http://www.libertysflame.com/cgi-bin/readart.cgi?ArtNum=14717
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Our debt, near as I can tell, is about $120,000,000,000,000.00. That is, about $120 TRILLION. Our debt to China, in comparison, is only about $3T, or 2.5% of the total debt. The rest of it consists of the following: Social security: $17,500,000,000,000; $17.5 trillion; Like the typical socialist, you're always running around with your hand out, looking for a "gimme." (To that, my answer is "grow a SPINE, you pathetic invertebrate!") As detailed above, the vast majority of debt consists of promises to those who want the nanny-state to take care of them. Guess what? It's not the government's JOB to wipe your ass. It's YOUR job to set up your own savings, retirement, and to work with your family network, like most other civilized countries do... In other words, the government is not in the business of replacing your familial responsibilities. Those responsibilities are YOURS, so it's time for you to step up. To the question of what to do about all that debt, there are only two options out of our current predicament: Default on all national debt, or print into hyperinflation. Either way, all the people that are relying on the nanny-state instead of their own brains for survival, are SCREWED. So, pick your poison... Hyperinflation or default? Choose WISELY...
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
Owe-bama's already obstructing. And the American People SEE IT.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Or, cut spending below revenues so you run a surplus and then pay down the debt - see "The United States" around 1999-2000. Again, around March 9th the U.S. will have to raise the debt ceiling or go into default. It's up to the Republicans to determine the path we take.
Its amusing. Owe-bama never has anything to do with...anything, apparently. Its Bush's fault..its Pelosi's fault...its Boehners fault...hell, I'm waiting for Owe-bama and his defenders to blame Eisenhower for something..or maybe Nixon...Reagan...Lincoln...TR....(laughing)
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
He can't obstruct cuts, and he can't raise the debt ceiling. The GOP just captured the prize they wanted, now it appears they don't want to accept it.
Its Bush's fault..its Pelosi's fault...its Boehners fault...hell, I'm waiting for Owe-bama and his defenders to blame Eisenhower for something..or maybe Nixon...Reagan...Lincoln...TR....(laughing) As of January 3rd the GOP owns the power of the purse. It's almost amusing that not even 24 hours after capturing the House, the GOP is doing all it can to shirk responsibility for governing.
Except we didn't run a surplus, we just pretended Social Security didn't exist. Nice try, but you don't get away with that in a forum I'm a member of, and you know it. so why go there?
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
...Owe-bama has begun obstructionism...fix it for you.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
I await your explanation as to how Obama will raise the debt ceiling and appropriate funds without Congressional action........
I don't owe you an explanation for anything, GO. Its this attitude, as exhibibted by Owe-bama, that led to last nights political massacre.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Your reading comprehension is pathetic. Existing debts include As to "cutting spending below revenue," read the following, and explain to me how your idea matches with reality: According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. I have a wife and two daughters. I don't have an extra $1,558,440 to simply give to the government, for them to balance their books. Do YOU? And if your answer is yes, then why don't you volunteer to pay for MY debt? After all, your side has always been quite "liberal" with MY money, so why not be generous and be liberal with your own money? Oh, you don't HAVE that much? Welcome to the CLUB, bubba...
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
You are assuming all that debt must be paid off at once - that's like saying that you are bankrupt if you don't have enough in savings to pay off your mortagage, but you have no problem making the payments. Nobody is arguing that the debt has to be paid off tomorrow - what would get us on sound fiscal footing is if we get to a point where we are paying out less on an annual basis then we are paying in (though many economists argue that a deficit of around $200-300 billion a year is easily sustainable). So, at this point in time we have about a $1.2 trillion annual deficit. To get in the black we need some combination of added revenue or spending cuts totaling that amount (you actually need more because spending cuts / tax hikes will further depress tax revenues). Or, you can simply refuse to raise the debt ceiling, in which case the U.S. government goes into default.
Default. "You are assuming all that debt must be paid off at once" punt- it's what the DNC does. DNC pushes the burden to the next generation. Right now the Fed is operating with no budget and has been since Oct 1st. Dems punted that issue as well. Still paying 200 million a day for Obama's 3,000 person caravan. DEFAULT.
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How about the extra 335 billion dollars in the Obamacrapcare plan?
That's a lie. If we use government numbers, the number is $5 TRILLION. If we use GAAP (like all legit companies in the USA do), than it's over $10 TRILLION. I reject this statement. Please justify how this is so. Please show me using calculations and empirical data, how you reached this conclusion... Oh, and BTW, don't bother to give me the standard Keynesian model of GDP, because if you do, I'll embarrass you by pointing out the glaring flaw that anyone (except pontificating scholars and government economists) can easily spot...
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
Source? Simple math: Outlays for FY10: $3.552 trillion Revenue for FY10: $2.381 trillion Subtract outlays from revenue, and you end up about $1.2 trillion in the red Data: http://www.gpoaccess.gov/usbudget/fy10/index.html
If you eliminate Obamacare, you add $500 billion to the debt over 10 years per the Congressional Budget Office. Guys, it's time to stop playing idiotic games - YOU ARE IN CHARGE NOW!! And now it's up to the GOP to keep its promises to cut spending and eliminate the deficit. I anxiously await a plan.
When was the swearing-in ceremony? Was it televised?
You've already been shown that not only is that 500 billion dollar "savings" a lie, but that per the Kenyan's own HHS, the cost would actually be 335 billion dollars.
It's moot: see tagline
You and the Obama liberals were repudiated and rejected! That's a GOOD thing!
Yep, now let's wait for the GOP to show us how they are going to cut spending - agreed?
Is there another choice? Could they please be allowed starting today?
I see we're about to spend $500 million to
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Didn't Man Chelle and Hussein spend a shitload of money remodeling the White House?
LOL. Do you ever READ, asshole? Or do you just blindly take the pap that the propagandists spoon-feed you? Oh, that's right, you're a SOCIALIST, aka "useless idiot." LOL. Oh, and as usual, you failed to answer my questions. You pick and choose to get your mindless answer, yet NEVER bother to THINK. You are such a piece of shit... I despise liberal ideology, because you're impervious to logic.
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
and pay for the Bush tax cuts
#2. To: Badeye (#1)
Its not congress's money, therefore its insane to assert 'it must be paid for'.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#3. To: Badeye (#1)
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#4. To: go65 (#0)
Crooks and Liars
#5. To: go65 (#0)
Rep. Eric Cantor can't explain to either Rachel Maddow or Lawrence O'Donnell what the Republicans would cut to balance the budget and pay for the Bush tax cuts he wants to see extended other than to say they're going to reduce "discretionary spending to '08 levels".
#6. To: Badeye (#1)
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#7. To: go65 (#2)
So what are they going to cut? We'll find out shortly......
Medicare Part A $36,700,000,000,000; $36.7 trillion;
Medicare Part B: $37,000,000,000,000.00 underfunded; $37 trillion;
Medicare Part D: $15,600,000,000,000; $15.6 trillion,
Government and military pensions: $2,000,000,000,000; $2 trillion.
#8. To: go65 (#2)
So what are they going to cut? We'll find out shortly......
#9. To: Capitalist Eric (#7)
Default on all national debt, or print into hyperinflation.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#10. To: WhiteSands (#3)
Nor does he alone make the decision.
#11. To: Badeye (#8)
Owe-bama's already obstructing.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#12. To: Badeye (#10)
Its amusing. Owe-bama never has anything to do with...anything, apparently.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#13. To: go65 (#9)
Or, cut spending below revenues so you run a surplus and then pay down the debt - see "The United States" around 1999-2000.
#14. To: go65 (#12)
It's almost amusing that not even 24 hours after capturing the House,
#15. To: Badeye (#14)
...Owe-bama has begun obstructionism...fix it for you.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#16. To: go65 (#15)
I await your explanation
#17. To: go65 (#9)
Or, cut spending below revenues so you run a surplus and then pay down the debt - see "The United States" around 1999-2000.
Social security: $17,500,000,000,000; $17.5 trillion;
The politicians have been making promises that THEY can't keep, and are now expecting US to keep... Saddling us with debt we can NEVER repay...
Medicare Part A $36,700,000,000,000; $36.7 trillion;
Medicare Part B: $37,000,000,000,000.00 underfunded; $37 trillion;
Medicare Part D: $15,600,000,000,000; $15.6 trillion,
Government and military pensions: $2,000,000,000,000; $2 trillion.
#18. To: Capitalist Eric (#17)
According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#19. To: go65 (#18)
Or, you can simply refuse to raise the debt ceiling, in which case the U.S. government goes into default.
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#20. To: go65 (#2)
What folks would like to know is what the GOP plans to cut so it isn't paying for spending by borrowing.
#21. To: go65 (#18)
(Edited)
So, at this point in time we have about a $1.2 trillion annual deficit.
To get in the black we need some combination of added revenue or spending cuts totaling that amount (you actually need more because spending cuts / tax hikes will further depress tax revenues).
#22. To: Capitalist Eric (#21)
That's a lie. If we use government numbers, the number is $5 TRILLION.
I reject this statement. Please justify how this is so. Please show me using calculations and empirical data, how you reached this conclusion...
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#23. To: no gnu taxes (#20)
How about the extra 335 billion dollars in the Obamacrapcare plan?
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#24. To: go65 (#23)
YOU ARE IN CHARGE NOW!!
#25. To: go65 (#23)
If you eliminate Obamacare, you add $500 billion to the debt over 10 years per the Congressional Budget Office.
#26. To: no gnu taxes (#25)
You've already been shown that not only is that 500 billion dollar "savings" a lie, but that per the Kenyan's own HHS, the cost would actually be 335 billion dollars.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#27. To: go65 (#26)
It's moot:
#28. To: Ibluafartsky (#27)
You and the Obama liberals were repudiated and rejected! That's a GOOD thing!
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#29. To: go65 (#28)
let's wait for the GOP to show us how they are going to cut spending
#30. To: go65 (#28)
(Edited)
Yep, now let's wait for the GOP to show us how they are going to cut spending - agreed?
build expand an embassy in Afghanistan. That looks like a good place to start the cuts.
#31. To: go65 (#0)
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#32. To: WhiteSands (#31)
#33. To: go65 (#22)
(Edited)
Source?
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