Obama takes Romney to school

mrbill · Oct 23, 2012

Quote from jem:

A leftist wishing to to see crazy leftist spending continue and determines it is ok to shove all this debt off on our children. Thats one thing.

But about half of each years debt is being purchased by the fed.
Which is destroying the value of the dollar.
Destroying the real value of the the workers and everyone savings.
The left thereby brings govt trough feeders and freeloaders up and shoves the middle class down. In the end we will have a smaller group of crony elites and a low to mid class like china or india. Then we will all be put to work at 15 dollars an hour... and obama and his leftists buddies will be happy about their egalitarian society... and the cronies will be laughing on their resorts and islands.

The money being borrowed and the interest paid to cover wars and wall street far exceeds whatever you might consider the Moochers might drain from the economy.

Ricter · Oct 23, 2012

Quote from mrbill:

The money being borrowed and the interest paid to cover wars and wall street far exceeds whatever you might consider the Moochers might drain from the economy.

I don't have it at hand, what does the entire US social safety net (which includes the moochers and the deserving) cost come to, as a percent of the annual federal budget, 13%?

PiggyBank · Oct 23, 2012

Quote from Free Thinker:

EXCLUSIVE: Romney's Plan Will Balloon The Deficit And Radically Increase The National Debt
We have analyzed the likely impact of Mitt Romney's economic plan on the country's national debt and deficit.

Our analysis suggests that the Romney Plan will radically increase America's debt and deficits over the next 10 years.
http://www.businessinsider.com/how-romney-plan-will-affect-debt-2012-9?op=1

wow that is a totally unbiased analysis, especially considering that everyone on the left has continuously ridiculed mitt for not having provided details.. it is 100% all about what he can get through Congress. please stop posting total bullshit and thinking it has any effect on anyone. ok thanks.

Ricter · Oct 23, 2012

Quote from PiggyBank:

wow that is a totally unbiased analysis, especially considering that everyone on the left has continuously ridiculed mitt for not having provided details.. it is 100% all about what he can get through Congress. please stop posting total bullshit and thinking it has any effect on anyone. ok thanks.

To arrive at that conclusion, and to do it without details, they assumed the BEST for Romney/Ryan's plan.

Lucrum · Oct 23, 2012

Quote from Ricter:

He's angry now. Has been for years.

You're stupid now, and have been for years.

Lucrum · Oct 23, 2012

Quote from PiggyBank:

Every lefty here will vote for the obamanation even though he breaks laws at will, doesn't respect our Constitutionally granted rights, lies about Americans being killed overseas, incites class 'warfare', has run up the national debt by 5+ TRILLION dollars in 4 years, has not enacted any policies to provide economic relief/promote growth, his shitty plan is to raise taxes on the 'rich' even though they are already paying much more than their fair share, and it won't even make a noticeable dent in the debt/deficit.

In summary, he is a disaster and needs to get the fuck out.

+ 16 Trillion...and counting...

Lucrum · Oct 23, 2012

Quote from Free Thinker:

EXCLUSIVE: Romney's Plan Will Balloon The Deficit And Radically Increase The National Debt

Like Obama's last four years?

PiggyBank · Oct 23, 2012

Quote from Ricter:

To arrive at that conclusion, and to do it without details, they assumed the BEST for Romney/Ryan's plan.

No they didn't, read their assumptions, they are not accounting for spending cuts, spending cuts are key. If spending comes down significantly and revenue stays anywhere within the realm of neutral after the proposed tax cuts the deficit will disappear. Assuming any growth we 'could' run surpluses and begin to chew up the debt. Of course these are all pipe dreams until they get through Congress. At least he has a plan, what is obama proposing to do about the debt/deficit?

Lucrum · Oct 23, 2012

Quote from PiggyBank:
....what is obama proposing to do about the debt/deficit?

Grow them exponentially. But that's OK, retard Ricter lives in a fantasy world where everyone forgives everyone's debt.

Ricter · Oct 23, 2012

Quote from PiggyBank:

No they didn't, read their assumptions, they are not accounting for spending cuts. If spending comes down significantly and revenue stays anywhere within the realm of neutral

It will not, though. Government is an important (sometimes the only) customer to thousands of businesses. This is why actual observation of austerity, present and historical, shows revenue falling after spending cuts. Now if you want to bring the deficit and debt down in the long term, you can with gradual adjustments including cuts, but it's not an effect Romney/Ryan would see anyway.

Edit: to answer your latter question, and don't forget Obama signed spending controls into law:

<img src="http://graphics8.nytimes.com/packages/images/newsgraphics/2012/0504-biz-charts/0505-biz-webCHARTS.png">