grand bargain???!!!!! WTF who's getting this "bargain" | |
| Super Bowl Dave "Stupid stuff" User ID: 14634326 11/13/2012 03:33 PM ![]() Report Abusive Post Report Copyright Violation | Obama said on Letterman "the debt doesn't matter right now" and also said he didn't know what the debt total was. "They" have informed him what is up -- the debt will never be paid down nor will the deficit. Might as well spend away. The plan is to do away with the world's nations through a contrived currency debt crisis, out of which a one-world currency will be borne. The Long Island Medium is a fake! [link to www.longislandmediumfake.com] *** NOTICE: As per "The Violent Radicalization and Homegrown Terrorism Prevention Act", this user's communication has been reported and logged with further action pending, including but not limited to, arrest and imprisonment for suspected anti-government activites. *** |
| Anonymous Coward User ID: 1253482 11/13/2012 03:34 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 27517802 11/13/2012 03:36 PM Report Abusive Post Report Copyright Violation | From the YT post: Quoting: No Dhimmi "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] 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. 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 11/13/2012 03:47 PM Report Abusive Post Report Copyright Violation | hmmmm [link to www.tonyblairoffice.org] |
| TOMMY B User ID: 27687228 11/13/2012 04:34 PM Report Abusive Post Report Copyright Violation | attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare? Quoting: Anonymous Coward 27671404 FUCK NO! 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... 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? 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 11/13/2012 04:48 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Epic Beard Guy Rah, rah, go King Barry. 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 11/13/2012 04:52 PM Report Abusive Post Report Copyright Violation | attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare? Quoting: Anonymous Coward 27671404 FUCK NO! 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... 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? |
| Anonymous Coward User ID: 27384624 11/13/2012 04:55 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 22478672 11/13/2012 04:58 PM Report Abusive Post Report Copyright Violation | attack the rich blah blah blah! Does anyone work for a poor person or someone on welfare? Quoting: Anonymous Coward 27671404 FUCK NO! 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... 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? 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! 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 11/13/2012 05:21 PM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 739427 11/13/2012 05:26 PM ![]() Report Abusive Post Report Copyright Violation | 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... Just because you're paranoid don't mean they ain't out to get ya! Paranoid?!?!? I wish! Shit son, we're hell and gone from paranoid... We don't rent pigs... Come and take it! |
| my 2 cents Am Yisrael Chai User ID: 26646007 11/13/2012 06:08 PM ![]() Report Abusive Post Report Copyright Violation | 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 +2 Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain It is dangerous to be right in matters on which the established authorities are wrong.- Voltaire Half the lies they tell about me aren't true.- Yogi Berra |
| Anonymous Coward User ID: 27304459 11/13/2012 06:16 PM Report Abusive Post Report Copyright Violation | Sounds like Obama is Romney in disguise Quoting: Shogu666 So its all good my popcorn is not going to get wasted 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 11/13/2012 06:22 PM Report Abusive Post Report Copyright Violation | From the YT post: Quoting: No Dhimmi "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] 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. 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 11/13/2012 10:54 PM Report Abusive Post Report Copyright Violation | 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! If you had actually read the post, you would see where they stated federal income taxes, not all taxes. L2R 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? |