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The fact that we are here today to debate raising America's debt limit is a sign of EPIC FAIL!
U.S. Senate | March 20, 2006 | B. Hussein Obama

Posted on 07/30/2011 1:11:05 PM PDT by Jim Robinson

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies...

Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

- Sen. Barack Obama (D-IL), March 20, 2006

HOLD THE LINE!! STOP THE SPENDING!!


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: debt; debtdeal; debtdealshowdown; obama; spending
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To: glock rocks; Jim Robinson
That is an excellent graphic!

Thanks. I just took Jim's quotation from Obama and made a graphic that depicts a factual representation of Obama's snarky, arrogant, hypocritical attitude.

.

.

.

61 posted on 07/30/2011 3:58:36 PM PDT by Cobra64 (Common sense isn't common anymore.)
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To: Gondring

Look, I’m on Medicare for dialysis, not by choice — I had perfectly good private insurance through COBRA and they reduced coverage to 20% after 30 months due to federal regulations. Medicine would be vastly better without government. That said, in the WaPo tool, you can pay Medicare and Medicaid and still be under the amount incoming in “revenue.”


62 posted on 07/30/2011 4:06:15 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: Gondring

There is no way, though, that you can keep borrowing at that level to pay your bills. Therefore, eventually you’ll not have the money to keep those people from dying.

If I make 60 grand and spend 100 each year, after 10 years I have a 400 thousand dollar debt that will be costing me some 48 thousand a year in payments. That then leaves me 12 thousand and borrowing 88 thousand and the next year I have no money of my own and borrow a 100 grand, and that year I can pay NOTHING back.

Will the bank let me continue this way?

Will my children end up hungry?

A cut is when you spend less next year than you spent this year.


63 posted on 07/30/2011 4:31:03 PM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Jim Robinson

Take a look at this page, Jim:

http://usdebt.kleptocracy.us/


64 posted on 07/30/2011 4:47:31 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: Jim Robinson
Our government uses taxpayers as slave labor.

We can survive without big governments money, but big government can't survive without ours.
Starve that beast! Legally avoid anything with a tax (any tax) in any way you can. Make it a way of life.

65 posted on 07/30/2011 5:13:11 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: zzeeman
That might be the scale of it, $1 == 1 grain of rice.

"A measure of wheat for a penny! A measure of wheat for a penny! But touch not the oil and the wine!"

PS, the "poor" used oil and wine. In other words, "Touch not the government dependents free stuff."

I don't know if anyone else has noticed this, but the freeloaders aren't being asked to sacrifice one damn thing.

66 posted on 07/30/2011 5:19:54 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Jim Robinson
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies...

Hey dip wang, ummm you are the gubment and you have been spending more than anyone else EVER in the history of the WORLD, you cannot pass the buck anymore, bend over Mr Pres here comes reality! Own it B****!

67 posted on 07/30/2011 5:30:13 PM PDT by Karliner (The heavens declare the glory of G-D and the firmament shows HIS handiwork. Ps19:1)
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To: Jim Robinson

It’s not a “debt ceiling” it’s a debt hole and you can’t get out of a hole with more digging. Further digging will just get you to China, of you might meet China (who are digging their own hole) half-way, at someplace worse.


68 posted on 07/30/2011 5:31:28 PM PDT by Theophilus (Not merely prolife, but prolific)
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To: Jim Robinson

It’s not a “debt ceiling” it’s a debt hole and you can’t get out of a hole with more digging. Further digging will just get you to China, or you might meet China (who are digging their own hole) half-way, at someplace worse.


69 posted on 07/30/2011 5:32:31 PM PDT by Theophilus (Not merely prolife, but prolific)
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To: concerned about politics
I don't know if anyone else has noticed this, but the freeloaders aren't being asked to sacrifice one damn thing.

Exactly. All we hear about is the need for the “rich” to pay “their fair share” (straight line Marxist agitprop).

Well the simple facts of the matter are:
- If we were to raise the tax rate to 100% for all those earning over $250,000 per year, it would result (at least in the first year) in generating about $900 Billion in new tax payments. This is NOT even enough to cover this year's projected deficit (est. $1.5-1.65 Trillion). And how long does anyone think a confiscatory 100% tax rate would last?
- If fedgov seized ALL of the wealth of all those earning over $250,000 per year, which by its nature is a one-time proposition, it would yield roughly $1.5 Trillion--which would barely cover this year's projected deficit. Then what???

The simple fact of the matter is that the top 20% of tax payers in the US pay a larger portion of total taxes than in any other developed nation in the world (regardless of national size). And they pay it at a much higher rate as well. So who isn't paying “their fair share?”

Seems to me that it is time for the roughly 50% of the nation that is paying NO income tax to start to kick in their “fair share!”

70 posted on 07/30/2011 6:09:20 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

May I ask where you got those figures? I have a couple lib friends who I would like to share it with but they will want a source.


71 posted on 07/30/2011 6:14:47 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Jim Robinson

Back then the national debt was much smaller and deficits were also much smaller. Now both are much higher which makes it even more critical to slam brakes on spending. I bet we were not borrowing 42 cents on every dollar spent back then.

Which all makes Obama, Kerry and other democrats a bunch of hypocritical politicians who care more about retaining power than care about future of country.


72 posted on 07/30/2011 6:33:54 PM PDT by repub4ever1 (Capitalism is not perfect, but it beats all other systems hands down.)
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To: Jim Robinson

ping


73 posted on 07/30/2011 6:59:08 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: Theophilus
Further digging will just get you to China,

Always wondered if Chinese mothers yelled at their kids in the yard "What are you trying to dig to America?"

74 posted on 07/30/2011 7:02:55 PM PDT by P.O.E. (Pray for America)
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To: kalee
The first 2 (regarding the 100% tax rate and the seizure of all wealth) came from the Stuart Varney show on FBN this past week. The guest was Robert Frank (WSJ), here is a (about 5 minutes) video of the segment: Taxing the Rich Can’t Cover U.S. Debt

The last part (about the US top 20% paying the most of all developed nations) came from the Mark Levin show about 2 weeks ago. He was reading a study from a year or so ago. Again, he may have the study linked on his show's website. I know that isn't much help. I wish that I had written down the name of the study that Mark was reading from. If I happen across it, I'll try to remember to ping you.

75 posted on 07/30/2011 7:03:22 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

Thanks. I have one lib friend running around screaming the sky is falling, SS recipients aren’t going to get their checks because rich people and evil corporations don’t pay their fair share and another who is mad at Obama because he isn’t left enough. lol She thinks he’s a closet Republican. Liberalism really must be a mental illness, how else could they believe this stuff? Listening to them is about to put me over the edge.


76 posted on 07/30/2011 7:10:49 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: kalee
rich people and evil corporations don’t pay their fair share

What are the non taxpayers willing to contribute? What's their fair share? What are they willing to do to help the country?

77 posted on 07/30/2011 7:14:32 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: kalee
Found it! I searched through Mark's archive and found the study: No Country Leans on Upper-Income Households as Much as U.S. (and it was actually the top 10%, not top 20%). Also, Hodge's backup material is here: Testimony of Scott Hodge before the U.S. Senate Budget Committee, Hearing on Distribution and Efficiency of Spending in the Tax Code (if you or your friend want to grind through his detailed data and presentation!). Hope that it helps!
78 posted on 07/30/2011 7:23:13 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

Thank you very much!


79 posted on 07/30/2011 7:24:49 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: concerned about politics

One of my friends is an older Eastern Germany immigrant and the other is the wife of Methodist minister. She and her husband are big into social justice.


80 posted on 07/30/2011 7:28:30 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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