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That's exactly what will be happening.
The Fate of 1/6th of the economy. Ring a bell?
I don't tend to invest in uncertainty, like the upcoming fight this fall over raising the debt ceiling again, or the reelection of Obama, the retaking of the House; the kinds of things any small business owner who grosses a million dollars annually looks at as he contemplates whether he should expand or simply protect that which he still has...
Show your math.
Obviously this single anecdotal data point negates the steady stream of economic good news we've had this year. A recession...no, DEPRESSION is right around the corner and it's all the Negro President's fault, right Vetty?
Lets see, this might even rate its own thread, but let's just mention it here. Obama's "Buffet Rule." He's claiming it will pull in 5 billion in revenue a year...really? Well now, taking him at his word that means that it will take 3000 fucking years to cover his deficit.![]()
This time you are correct. The Obama deficit is roughly 5 trillion, so taking down 5 billion a year would work out to a 1000 years before it covered the Obama deficit.
Thanks for pointing that out.
How many times must we go over this? If you make cuts, you reduce the deficit. If you make cuts AND increase taxes, you reduce the deficit quicker. Why is it that the GOP only thinks it should be cuts? I'm a Democrat. I think we should go hog wild on both paths.
How many times must we go over this? If you make cuts, you reduce the deficit. If you make cuts AND increase taxes, you reduce the deficit quicker. Why is it that the GOP only thinks it should be cuts? I'm a Democrat. I think we should go hog wild on both paths.
They do? Who?
Originally Posted by mercury14
...the president doesn't have to submit a budget and historically it's not done.
http://forum.literotica.com/showpost...7&postcount=16
Deficiets don't stack, the DEBT stacks.
Adrian Frost, the fund manager of Artemis Income summed up his thoughts on gold eloquently, by saying:
“Gold is a club of collective terror where the people who hold it spread doom and gloom – and then invite you to buy the store of value that they own at a higher price than they have paid.
It is an elaborate and enduring spoof, but one that has infinitely attractive characteristics.”
It's the humanitarian in you. The belief that even the most benighted of clueless clowns might be redeemed by Providence.![]()
wingnuts don't care about the deficit. They only care about making the rich richer, at the expense of everyone else.
The best part, is that wingnuts are almost all poor, or on a fixed income... they pray to their corporate gods, and hope to one day be able to live in their image.
Yeah, during the Bush years, the wingnuts were focused like a laser on two things, WMDs and the deficits.
As soon as Obama began expanding the deficits, suddenly the wingnuts began DEFENDING them...
You were focused on WMDs and the deficit?
I don't remember that being the case for either.
Come now, the Bush tax cuts were intended to eliminate both.
/sarcasm