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Borrowing syndrome

November 14, 2013

We’re told that government provides things, but we must understand government has no resources of it’s own....

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(70)

rmiller

Nov-16-13 11:32 PM

Is spite of all that life is dealing all of us, please understand there is a God who is in control.

Tommorrow night (Sunday night) at 6pm, at Tabernacle Baptist Church at 4th and Maynard, my son is going to preach. God has gifted him and called him for His purpose. It would be nice if someone, even one person that I've bantered with for years, would come to hear the truth. Think on it...act on it.

6 pm services, over at 7pm...

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rmiller

Nov-16-13 11:31 PM

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MrShaman

Nov-15-13 5:29 AM

I thought this was going to take a while to read through but when I saw how many posts were from stupid it went really quick." - North40

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Too-many "big"-words, huh??

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MrShaman

Nov-15-13 5:26 AM

And yet ANOTHER NEW TAX!! Per 5/MY9 TV in NJ:

"If you are single with an adjusted gross income of $200,000 or file JOINTLY with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those (SAME) profits will have an ADDITIONAL 3.8% tax to fund Obamacare."

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Fine! If you don't want the for-profit insurance-companies involved....let's go straight to single-payer!!!

*

See:

BILL MOYERS JOURNAL | Single Payer Health Insurance | PBS - YouTube

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MrShaman

Nov-15-13 5:20 AM

DavidBross:

You have a short memory.

Gingrich was called a "radical, right-winger" and "fringe" character in the House.

Now, history shows he was right..." - eriklatranyi

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I guess you'd have to be old-enough to have been there.

*

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

See:

1993 Deficit Reduction: A Lesson On Tax Policy

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MrShaman

Nov-15-13 5:14 AM

If not for Republicans especially Tea Party Congressmen and women the national debt would be much higher. It was only after the 2010 Tea-Party election that there was at least a gentle pressure applied to the brakes on what is a runaway train of spending." - CarlHiller

*

...And, fortunately (for the Class O' 2010 T-Baggers)...gridlock requires no (actual) thinking/work.

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MrShaman

Nov-15-13 5:10 AM

Ole' Shamm, still on the "Blame Bush" train. Too bad that one went over the cliff a couple years ago." - CarlHiller

*

You heard-about-that, did you???

*

See:

"U.S. Economy Screwed" - Business Insider

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MrShaman

Nov-15-13 5:06 AM

Shaman do you have George Bush centerfolds hanging around your hut? Your total obsession with a man who is no longer relevant is kind of disturbing. And BTW, you give the man WAY too much credit." - Capricorn1

*

...But, not as much credit as those who'd "invested" in his career.

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"His business career was marked by mediocrity or failure which nonetheless resulted in him getting lots of money from his father's political allies. And his political career has been handed to him on a platter by his famous name, and by his dad's cronies."

See:

George W. Bush, Jr. - The Dark Side

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MrShaman

Nov-15-13 4:57 AM

Sham, we’ve all seen how Republicans and Conservatives can mess things up, now we’re seeing the Democrat’s version of really messing things up." - underwood

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Cleaning-up, after some Bushes, is more-difficult than cleaning-up after others (in that family).

*

"The curious may want to know why the Bush tax cuts are set to expire in the first place.

The answer is that President Bush and a complicit Congress didn’t want to show the magnitude of the deficits that would result from their tax cuts."

See:

Let the Bush Tax Cuts on the Wealthy Expire | Center for American Progress

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rmiller

Nov-14-13 10:21 PM

Phil,

I like the part about "borrowing from future generations before they are even born." :)

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DavidBross

Nov-14-13 6:30 PM

Oh, Erik, I remember well who and what Gingrich was. I remember the "Contract with America" and I remember Gingrich saying, "The President is irrelevant." Nonetheless, Gingrich did control his party in the house enough to get things done with Clinton. Boehner has not, nor has McConnell in the senate or Obama in either house.

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underwood

Nov-14-13 5:52 PM

Garben78:

"Wow Phil sound like a letter a kindergarten kid would write did you just crawl out of a cave as this is information we already know"

Those living in the land of unicorns and moon ponies may know it, but it doesn’t seem to interfere with their reasoning, if you could call it that. Feel good intentions without regards to consequences are all that counts with them.

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GoBB62

Nov-14-13 5:38 PM

"Shulski, your comment was disregarded the first time you posted it. No need to post it twice." - Cap1

Must be taking lessons from ol' chuckie.

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USABorn

Nov-14-13 4:18 PM

Garben78 - 3:50 PM

"Wow Phil sound like a letter a kindergarten kid would write did you just crawl out of a cave as this is information we already know"

Speaking of kindergarten kids....you sound so petty! Can't liberals ever say anything intelligent?

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USABorn

Nov-14-13 4:15 PM

And yet ANOTHER NEW TAX!! Per 5/MY9 TV in NJ:

"If you are single with an adjusted gross income of $200,000 or file JOINTLY with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those (SAME) profits will have an ADDITIONAL 3.8% tax to fund Obamacare."

2 Agrees | 1 Disagrees | Report Abuse »

Garben78

Nov-14-13 3:50 PM

Wow Phil sound like a letter a kindergarten kid would write did you just crawl out of a cave as this is information we already know

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Capricorn1

Nov-14-13 3:43 PM

Shulski, your comment was disregarded the first time you posted it. No need to post it twice.

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Shulski

Nov-14-13 3:38 PM

Underwood is right. How dare the government pay for our last two wars robbing children. How dare the government lock up the heron addict and put more police on the street. How dare they build more prisons. The audacity. How dare they pave our roads. There should be only toll roads owned by infallible corporations.

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eriklatranyi

Nov-14-13 3:32 PM

DavidBross:

You have a short memory.

Gingrich was called a "radical, right-winger" and "fringe" character in the House.

Now, history shows he was right, just as history is showing that Ted Cruz was right to try and delay Obamacare.

But because Ted Cruz associates with the Tea Party, many will never admit his prescience.

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North40

Nov-14-13 2:54 PM

I thought this was going to take a while to read through but when I saw how many posts were from stupid it went really quick.

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Ritty77

Nov-14-13 1:55 PM

Good letter, Phil.

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underwood

Nov-14-13 1:08 PM

Let’s not forget that adding ever more currency to the economy erodes the value of the Dollar and close to zero interest rates diminishes people’s savings and investments. Add that to borrowing against future generations and we have a very bleak future.

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CarlHiller

Nov-14-13 12:50 PM

Since the Democrat Congress elected in the fall of 2006, the national debt has doubled. If not for Republicans especially Tea Party Congressmen and women the national debt would be much higher. It was only after the 2010 Tea-Party election that there was at least a gentle pressure applied to the brakes on what is a runaway train of spending.

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CarlHiller

Nov-14-13 12:44 PM

Ole' Shamm, still on the "Blame Bush" train. Too bad that one went over the cliff a couple years ago. Considering the fact that it is Congress that holds the purse strings for all spending, I would say all blame lies with congress. The Pres can only propose spending, it is Congress that votes to allow, disallow or create their own spending plan. Considering that Democrats won full control of the House and the Senate in 2006 I believe that would make Democrats responsible, not Bush and not Republicans. Federal spending grew from $2.655 trillion in 2006, when the Democrats replaced Republicans as the majority party in Congress, to $3.6 trillion in fiscal 2011, the last spending legislation adopted by a majority Democrat Congress, an increase of 36% in just four years of control. After the new Tea Party/Republican House majority forced a major budget showdown in 2011, actual federal spending declined in fiscal 2012 to $3.54 trillion, and declined again for 2013 to $3.45 trillio

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Capricorn1

Nov-14-13 11:40 AM

...And...horror-of-ALL-horrors...Dick Cheney would have never had the ability to enrich contractors, in IRAQ!!! -Shaman

Including Feinstein and her husband.

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