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grand bargain???!!!!! WTF who's getting this "bargain"

 
Anonymous Coward
User ID: 1253482
Iceland
11/13/2012 03:34 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
for fuck's sake, when you post a link to a video for the 5,000th time give a sentence or two explanation of what it is
 Quoting: Anonymous Coward 19700749

+1
Anonymous Coward
User ID: 27517802
United States
11/13/2012 03:36 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
From the YT post:


"First of all, let's establish that no one in Washington actually cares about balancing the budget. If they did, they would love this so-called Fiscal Cliff. It raises taxes and cuts spending, so it would massively reduce the deficit. Isn't that what all of Washington has been pretending to care about all of this time?

Second, understand that this so-called compromise they are talking about in order to avoid this supposed calamity is a trick. In fact, it'll be the greatest robbery in American history. Think about it -- they say they are worried about all those tax increases and spending cuts. But that's not true. The Grand Bargain would dramatically increase spending cuts, not alleviate them. So, in fact, the only thing they care about is paying less taxes, as always."*

Cenk Uygur explains why Obama's grand bargain isn't a bargain at all, leaving one side (the middle class, veterans) without much benefit and another (big corporations, defense contractors) rolling in tax cuts.

*Read more of the article, written by Cenk Uygur, on Huffington Post:
[link to www.huffingtonpost.com]
 Quoting: No Dhimmi


The reason they "don't care" is because at this point it is mathematically fucking impossible to ever "balance" this budget. Read that again. Both sides know it, and that's part of the scam.

I have had 9 quarters of collegiate-level mathematics including calculus, diff eq, linear algebra and engineering statistics, plus I work in financial services. Compound interest is the 8th wonder of the world. The current debt/deficit has reached the point where additional interest accumulation has gone parabolic, and there is no way to ever pay it off. EVER. Both sides know it, which is why 1) interest rates have been kept artificially low, and 2) Obammy keeps on spending. It doesn't matter.

The US govt is the family making $25k a year with $100k in credit card debt, only the family can't print any more money so it goes BK. US on the other hand, will just keep printing until the train hits the wall. At some point, the US dollar will become worthless (and will no longer be the world's reserve currency), because that's just the way it goes. There is no stopping it. It is a freight train going 120 mph, and a few miles ahead there is no more track.
 Quoting: candycrappingunicorn


I agree with your post. That said, the dollar will still remain the main currency precisely because of your analysis.

When it runs out of tracks, all economies world wide will have to deal with it. The Dollar will be the new dollar.
Anonymous Coward
User ID: 27669804
United Kingdom
11/13/2012 03:47 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
hmmmm
[link to www.tonyblairoffice.org]
TOMMY B

User ID: 27687228
United States
11/13/2012 04:34 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare?


FUCK NO!
 Quoting: Anonymous Coward 27671404


its not "attack the RICH" it's everyone pays thier fair share... all the rich do is take take teake,,, its the poor that die on the battlefields, the poor and middle class, that provide the bulk of revenue for the government...
 Quoting: BrothersKeeper


You do know that 47% of households in this country pay NO federal income taxes? And the top 10 income percent pay 70% of all taxes paid.

So what are you talking about?
 Quoting: Bluebird


You forgot that the top 90% recieve 85-90% of the income, so 70% of the tax for the rich is still a deal, and screwing the middle class or lower class!
Anonymous Coward
User ID: 22478672
United States
11/13/2012 04:48 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
I can just hear Oblabla "Lean forward, we're not done yet!" We'll all need ass-hole surgery when this pack of liars is done with us. Elected by fraud, lead with lies.

Rah, rah, go King Barry.
 Quoting: Epic Beard Guy


i disagree. i don't believe Barry has shown any kind of leadership at all in the last 4 years.
Anonymous Coward
User ID: 22478672
United States
11/13/2012 04:52 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare?


FUCK NO!
 Quoting: Anonymous Coward 27671404


its not "attack the RICH" it's everyone pays thier fair share... all the rich do is take take teake,,, its the poor that die on the battlefields, the poor and middle class, that provide the bulk of revenue for the government...
 Quoting: BrothersKeeper


You do know that 47% of households in this country pay NO federal income taxes? And the top 10 income percent pay 70% of all taxes paid.

So what are you talking about?
 Quoting: Bluebird
Anonymous Coward
User ID: 27384624
United States
11/13/2012 04:55 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
I didn't hear any mention of cutting foreign aid.
 Quoting: Anonymous Coward 12582603


Foreign "aid" is actually an asset... well, debt asset :P

It all comes with strings attached, so the Federal Reserve can collect interest or real assets.
Anonymous Coward
User ID: 22478672
United States
11/13/2012 04:58 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare?


FUCK NO!
 Quoting: Anonymous Coward 27671404


its not "attack the RICH" it's everyone pays thier fair share... all the rich do is take take teake,,, its the poor that die on the battlefields, the poor and middle class, that provide the bulk of revenue for the government...
 Quoting: BrothersKeeper


You do know that 47% of households in this country pay NO federal income taxes? And the top 10 income percent pay 70% of all taxes paid.

So what are you talking about?
 Quoting: Bluebird


You forgot that the top 90% recieve 85-90% of the income, so 70% of the tax for the rich is still a deal, and screwing the middle class or lower class!
 Quoting: TOMMY B


So what is the solution other than bitching? Make a cap on income maybe? lets say a person or company can no longer keep any income over a certain amount. say $100,000. Any more than that is taxed (because the government can't legally just take it). taxed at 95% for the federal government and 5% for local governments. Will that help anybody? Will it make people feel better? What will the government do with that extra money? will they distribute that money to the have not's?

I ask again, what is the solution?
Shogu666

User ID: 1217094
Poland
11/13/2012 05:21 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
Sounds like Obama is Romney in disguise

So its all good my popcorn is not going to get wasted banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2
Saddletramp
We Don't Rent Pigs...

User ID: 739427
United States
11/13/2012 05:26 PM

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Re: grand bargain???!!!!! WTF who's getting this "bargain"
I actually like a lot of those cuts, in fact I wish they would do more, including making defense and homeland security cuts.

I'm not sure exactly when TYT went socialist...but it kinda makes me sick...

For a long time I thought they were like minded, I supposed because they consistently nailed Obama when he lied, but now they're basically nailing Obama because he's not communistic enough for them...

FUCK TYT...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
my 2 cents

User ID: 26646007
Canada
11/13/2012 06:08 PM

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Re: grand bargain???!!!!! WTF who's getting this "bargain"
for fuck's sake, when you post a link to a video for the 5,000th time give a sentence or two explanation of what it is
 Quoting: Anonymous Coward 19700749

+1
 Quoting: Anonymous Coward 1253482

+2
Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain


Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin
Anonymous Coward
User ID: 27304459
United States
11/13/2012 06:16 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
Sounds like Obama is Romney in disguise

So its all good my popcorn is not going to get wasted banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2banana2
 Quoting: Shogu666


Yes, I am wondering if there wasn't a deal: "Look, Obama, we know you cheated, everyone knows you cheated, we can prove it. So I'll let you be called Mr. President, but I will tell you what to do."

The reversal on gay marriage was quite clear. This is not the 1st term Obama, maybe it's actually a better one.

So exposing the dirt on election day did a lot of good. Keep exposing more dirt!
Anonymous Coward
User ID: 27304459
United States
11/13/2012 06:22 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
From the YT post:


"First of all, let's establish that no one in Washington actually cares about balancing the budget. If they did, they would love this so-called Fiscal Cliff. It raises taxes and cuts spending, so it would massively reduce the deficit. Isn't that what all of Washington has been pretending to care about all of this time?

Second, understand that this so-called compromise they are talking about in order to avoid this supposed calamity is a trick. In fact, it'll be the greatest robbery in American history. Think about it -- they say they are worried about all those tax increases and spending cuts. But that's not true. The Grand Bargain would dramatically increase spending cuts, not alleviate them. So, in fact, the only thing they care about is paying less taxes, as always."*

Cenk Uygur explains why Obama's grand bargain isn't a bargain at all, leaving one side (the middle class, veterans) without much benefit and another (big corporations, defense contractors) rolling in tax cuts.

*Read more of the article, written by Cenk Uygur, on Huffington Post:
[link to www.huffingtonpost.com]
 Quoting: No Dhimmi


The reason they "don't care" is because at this point it is mathematically fucking impossible to ever "balance" this budget. Read that again. Both sides know it, and that's part of the scam.

I have had 9 quarters of collegiate-level mathematics including calculus, diff eq, linear algebra and engineering statistics, plus I work in financial services. Compound interest is the 8th wonder of the world. The current debt/deficit has reached the point where additional interest accumulation has gone parabolic, and there is no way to ever pay it off. EVER. Both sides know it, which is why 1) interest rates have been kept artificially low, and 2) Obammy keeps on spending. It doesn't matter.

The US govt is the family making $25k a year with $100k in credit card debt, only the family can't print any more money so it goes BK. US on the other hand, will just keep printing until the train hits the wall. At some point, the US dollar will become worthless (and will no longer be the world's reserve currency), because that's just the way it goes. There is no stopping it. It is a freight train going 120 mph, and a few miles ahead there is no more track.
 Quoting: candycrappingunicorn


This is correct, and it was a weakness of Romney that he claimed to want to pay down the debt. The reality is we've got to inflate our way out of it.

But not all of "TPTB" will support that. The Chinese, our big creditors, will try every trick in the book to stop it. Maybe Obama tricked them, since they supported him in the election, now he's dumping them and their demands for a strong dollar.

Whenever you see a Chinese posting that we should be "responsible" and "pay our bills", remember that when they lent us all that money (e.g. bought all those Treasury bonds) there was explicitly no guarantee that the dollar would not be inflated down. They knew it very well, and they bought the bonds anyway to stimulate the US economy to consume their manufactured goods. Both sides knew this going in.

For the Chinese to complain about inflating the dollar now is hypocritical and their senior guys know it; don't fall for it.
Anonymous Coward
User ID: 11996258
United States
11/13/2012 10:54 PM
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Re: grand bargain???!!!!! WTF who's getting this "bargain"
its not "attack the RICH" it's everyone pays thier fair share... all the rich do is take take teake,,, its the poor that die on the battlefields, the poor and middle class, that provide the bulk of revenue for the government...
 Quoting: Bluebird


You do know that 47% of households in this country pay NO federal income taxes? And the top 10 income percent pay 70% of all taxes paid.

So what are you talking about?


^^^
I wonder who tells you those statistics? Gov't, perhaps? Whatever!
My family certainly isn't rich, but at least we don't live on welfare, and we're struggling enough as it is, yet almost 1/3 of our income goes to taxes! Hell, we'd be better off if we did live on welfare, but such a scheme goes against my principles.

The only way nearly 50% of Americans get away with not paying taxes, then I'd bet they're all unempled and possibly living on welfare or unemployment. Even my 89 yr old retired grandmother pays taxes. Some people are seriously naive!
 Quoting: Fand 27682080


If you had actually read the post, you would see where they stated federal income taxes, not all taxes. L2R dumbass

What they also failed to mention was how some of these people actually make money from a federal tax refund. How the fuck do you not pay anything in, yet get a refund check?

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