Obama's Legacy

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saywhatkid said:
If he does nothing, it still increases daily due to interest. Whoever gets elected in 2012 is going to add to this figure. Not many Presidents that will cut spending and increase revenue through higher taxes. It would be political suicide. But that is the only way we are getting out.

Don't try to tell me we can get out of debt without cutting spending drastically.

Don't try to tell me we can get out of debt without increasing tax rates significantly.

We are deeply in debt. It is not a small amount. Here is a nice graphic. Enjoy.

rab7k3.jpg


Source: http://www.heritage.org/budgetchartbook/charts/2011/interest-spending-600.jpg
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About $70 billion dollars a year is lost through waste and fraud in Medicare. Taxpayers on spending money to cover that lost. It's one example of how the govt can address spending.
 
DeafCaroline said:
rolling7 - you are supposed to quote YOUR source, in other words, where YOU found the data that you posted. Are you saying you went to FRASER's website and collected the data from there but chose not to post any links to any articles containing the data you posted and that it was pure luck and freakish coincidence that someone else found the exact same data from a newspaper article that matched what you found at FRASER's website?

Why so coy?
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I'm not. If you read 11a properly, it does not agree with you.
The newspaper got it from a source and listed it and then ran an article independent of the source but I ignored the article and posted the source. Had I made use of the article instead of my own words, then yes, I would have to post the article but I did not.
 
Seventy billion is chicken feed in this thing. That would barely cover 1/6 of the interest alone. What about the actual debt?
 
$666.7 billion for the Department of Defense and only $92.9 billion for the Department of Education?

It explains a lot.
 
Banjo said:
$666.7 billion for the Department of Defense and only $92.9 billion for the Department of Education?

It explains a lot.
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We gotta defend those schools!
 
rolling7 said:
I'm not. If you read 11a properly, it does not agree with you.
The newspaper got it from a source and listed it and then ran an article independent of the source but I ignored the article and posted the source. Had I made use of the article instead of my own words, then yes, I would have to post the article but I did not.
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uh...whatever you say.
 
:giggle:
People are still debating the source of the documents? Maybe they came from My Weekly Reader. :cool2:
 
rolling7 said:
I'm not. If you read 11a properly, it does not agree with you.
The newspaper got it from a source and listed it and then ran an article independent of the source but I ignored the article and posted the source. Had I made use of the article instead of my own words, then yes, I would have to post the article but I did not.
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You copied if from a newspaper and ignored the source of your copying and instead used the newspaper's source in a silly attempt to make yourself look credible.:laugh2: That is called plaigarism, and I'm sure the newspaper would like to know about it.
 
jillio said:
You copied if from a newspaper and ignored the source of your copying and instead used the newspaper's source in a silly attempt to make yourself look credible.:laugh2: That is called plaigarism, and I'm sure the newspaper would like to know about it.
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And who did the newspaper copy it from? They named their source and so did I.
Your post is called comical.
 
While posters are beating a deaf horse, the debt went up another $500 million.
Maybe it is time to realize CUT SPENDING!!!
 
rolling7 said:
While posters are beating a deaf horse, the debt went up another $500 million.
Maybe it is time to realize CUT SPENDING!!!
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Taking the credit card away from the government is not enough. Government needs to work overtime (increase revenue) as well.
 
saywhatkid said:
Taking the credit card away from the government is not enough. Government needs to work overtime (increase revenue) as well.
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The let drill for more oil and seek other uses of natural resources (e.g. methane hydrates). Canada is succeeding very well with that increasing their revenues from their oil and gas drilling, and the mining of tar sands.

Decrease fraud and waste (e.g. $70+ billion dollars a year on medicare fraud and waste), reduce spending in key areas, increase revenues (e.g. oil and gas drilling, methane hydrates, alternative energy such as algae into oil, etc) to help pay social programs and pay down the debts, lower corporate tax rates to encourage companies to invest in America (and at the same time increase employment where tax revenues can be gained in that manner for the Fed. govt), reduce regulations and stream line them because every time you add new regulation the cost to the govt goes up substantially, decentralized the Fed govt a bit and allow states to make their own decisions, and so on. What else can I add? Hmmm...
 
As long as your taxes remain the same or lower, you prefer we shift the burden to other areas. Not surprised. You didn't spend the money, why should you suffer? Government gave that money to the poor, they should pay it back. :hmm:
 
saywhatkid said:
As long as your taxes remain the same or lower, you prefer we shift the burden to other areas. Not surprised. You didn't spend the money, why should you suffer? Government gave that money to the poor, they should pay it back. :hmm:
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I knew I forgot something. Revamp the taxation process. Having 72,000+ pages of tax codes is an example of inefficiency.
 
rolling7 said:
And who did the newspaper copy it from? They named their source and so did I.
Your post is called comical.
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You are such a 30 Watt. The newspaper posted their source and then you plagairised it. Your source was the newspaper.

**jillio smacking rolling7 on the nose with a rolled up newspaper**

If you want to come across as having any credibility and any intelligence at all, stop plagairizing other people's work and claiming it as your own. :roll:
 
kokonut said:
The let drill for more oil and seek other uses of natural resources (e.g. methane hydrates). Canada is succeeding very well with that increasing their revenues from their oil and gas drilling, and the mining of tar sands.

Decrease fraud and waste (e.g. $70+ billion dollars a year on medicare fraud and waste), reduce spending in key areas, increase revenues (e.g. oil and gas drilling, methane hydrates, alternative energy such as algae into oil, etc) to help pay social programs and pay down the debts, lower corporate tax rates to encourage companies to invest in America (and at the same time increase employment where tax revenues can be gained in that manner for the Fed. govt), reduce regulations and stream line them because every time you add new regulation the cost to the govt goes up substantially, decentralized the Fed govt a bit and allow states to make their own decisions, and so on. What else can I add? Hmmm...
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You want to provide some details on how exactly you think that will reduce the National debt?
 
rolling7 said:
While posters are beating a deaf horse, the debt went up another $500 million.
Maybe it is time to realize CUT SPENDING!!!
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Now that just do not make sense. A deaf horse? :roll:
 
kokonut said:
I knew I forgot something. Revamp the taxation process. Having 72,000+ pages of tax codes is an example of inefficiency.
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Yep. Remove all the tax cuts afforded the wealthy.
 
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