US Government is BORROWING $4.8 BILLION PER DAY!! | |
Anonymous Coward (OP) User ID: 4637200 United States 12/09/2012 10:03 AM Report Abusive Post Report Copyright Violation | Here's another bit of nonsense "The Affordable Care Act imposed the 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade." Read more: [link to www.foxnews.com] LOL, how much revenue is that when you consider our current BORROWING rate of $4.8 BILLION per day? 30/4.8=6.25 days of Borrowing 10 Years of raising costs on EVERYONE (not just the rich)=6.25 days of Borrowing |
Anonymous Coward User ID: 17090286 United States 12/09/2012 10:06 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward (OP) User ID: 4637200 United States 12/09/2012 10:09 AM Report Abusive Post Report Copyright Violation | THIS IS MADNESS! Quoting: Leslie Zevo THIS IS RETARDAAAAAAAAAA! I really have nothing else to say on this matter. The rich need heavier taxes, and welfare needs to stop the gravy train. Military spending needs a full reversal. If you read the newsweek article above, they actually say that the tax increase will reduce government revenue.. Just quoting "The math doesn't work! Raising top tax rates will produce about $800 billion of revenue over the next 10 years, compared with a $3.7 trillion revenue loss from all the Bush tax cuts." |
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Anonymous Coward User ID: 7768903 United States 12/09/2012 10:50 AM Report Abusive Post Report Copyright Violation | It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over..... Quoting: Anonymous Coward 28870983 All part of the recovery [link to www.dailyjobuts.com] . |
Anonymous Coward User ID: 7768903 United States 12/09/2012 10:51 AM Report Abusive Post Report Copyright Violation | It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over..... Quoting: Anonymous Coward 28870983 ****Sorry, messed up*** All part of the recovery [link to www.dailyjobcuts.com] . |
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Anonymous Coward User ID: 17090286 United States 12/09/2012 11:00 AM Report Abusive Post Report Copyright Violation | Who The Hell is Loaning us the $4.8 a day and WHY?? Quoting: Anonymous Coward 11360402 They have to know they aren't getting it back. And Who on Earth has that much to loan? Rothschild's, and they don't. It's a circlejerk of loans, but only one group is winning out - the bankers. Here, this explains it: :probremec: |
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Mr. Toppit User ID: 26466623 United States 12/09/2012 11:01 AM Report Abusive Post Report Copyright Violation | Why in the world would you believe only $4.8B per day? How about $25B. Everything thats happening in D.C would indicate they are either living in a fantasy world or completely lying about everything. For my 2 cents O is the king of deception. But he is smart enough to know any deal they make is DOA in public perception. He doesn't intend to cut a dime out of the budget. His true constituency are the govt workers and the power they represent over us. |
Anonymous Coward User ID: 28846728 Canada 12/09/2012 11:02 AM Report Abusive Post Report Copyright Violation | I wanted to do some math! It's really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven't done these simple calculations for themselves then...well Quoting: N3m3s1s In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION. THAT'S $4.8 BILLION PER DAY in new borrowing Source [link to cnsnews.com] Now all this BS wrangling and politicizing is about tax increases that are said to raise $800 Billon over 10 years or $80 billion per year. Source [link to www.newsday.com] These tax increases will fund the governments BORROWING habits for less than 17 DAYS PER YEAR at current borrowing rates. Let this sink in and understand that none of what is being jockeyed about in congress, the senate, and by this pitiful president, really matters. This entire horse and pony show is a smoke screen. Apparently every month another percent is added to the debt to GDP ratio....right now the USA is over 100 percent of debt to GDP.....meaning we don't even break even anymore....Last time the USA was in this position was ww2....but at least then industries were set up to support the war effort and the rebuilding that would eventually come after the war.... Now we have entire manufacturing sectors that have been uprooted and moved to cheap labor countries..... Our GDP will not be able to help service our debt based on our service orientated economies...that's a lot of burgers and fries to sell.... Not gonna happen |
Anonymous Coward User ID: 24289757 United States 12/09/2012 11:03 AM Report Abusive Post Report Copyright Violation | ''Treasury borrowed $24 billion in one day after Thanksgiving '' The Obama Cliff.. plan includes $50 billion in stimulus spending for programs intended to create jobs, such as repairing roads and bridges. He STILL THINKS.... GOVT Creates Jobs??? Only in a 3rd world country....that is is life in Indonisa thinking.. |
Anonymous Coward User ID: 29397336 United Kingdom 12/09/2012 11:04 AM Report Abusive Post Report Copyright Violation | Who The Hell is Loaning us the $4.8 a day and WHY?? Quoting: Anonymous Coward 11360402 They have to know they aren't getting it back. And Who on Earth has that much to loan? China. Last year they warned US - pay us or we'll sell your debt to IRAN. Funny world huh? China is your dad. China has stopped buying US Treasuries. The Fed is directly monetizing. Can't be long now until ... and then ... |
Anonymous Coward User ID: 17090286 United States 12/09/2012 11:04 AM Report Abusive Post Report Copyright Violation | The Obama Cliff.. plan includes $50 billion in stimulus spending for programs intended to create jobs, such as repairing roads and bridges. Quoting: Arial721 He STILL THINKS.... GOVT Creates Jobs??? Only in a 3rd world country....that is is life in Indonisa thinking.. Right now Indonesia is actually doing better than the US, with a rising economy. |
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Anonymous Coward (OP) User ID: 4637200 United States 12/09/2012 11:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 4637200 United States 12/09/2012 11:20 AM Report Abusive Post Report Copyright Violation | I was born in the mid 70's. In those days the US Federal Deficit was around $600 Billion total. So in other words, the US had accumulated $600 Billion in Debt in about 200 YEARS. The US is now ACCUMULATING $600 BILLION IN NEW DEBT EVERY 6 MONTHS. 200 Years then 6 Months now |