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The Deficits Republicans Don't Want to Talk About
Truth Out ^ | Tuesday, 27 January 2015

Posted on 01/27/2015 6:18:02 PM PST by presidio9

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This article was intended to include the following subheading (too many characters): "Bernie Sanders Disciple Exposes Inability To Differentia 'Debt' From 'Deficit'"
1 posted on 01/27/2015 6:18:02 PM PST by presidio9
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To: presidio9

>>As the Sanders report points out, “We must raise the minimum wage to a livable wage. In the year 2015, no one in America who works full time should be living in poverty.”

We don’t need a “living” minimum wage. That’s for unskilled teenagers. We need jobs in America for people who don’t have college degrees. That means building things in America for Americans. That’s the only rising tide that truly raises all boats.

We also need families again—with a father! We need young people with a sense of modesty and respect for themselves and others.

The Democrats and the only honest Socialist among them, Sanders, helped to destroy all of that and now they want to pretend to be the champions of the middle class.

To them, middle class means people who live well on the dole while working temp jobs to make the Democrats’ big Wall St donors happy.


2 posted on 01/27/2015 6:26:11 PM PST by Bryanw92 (Sic semper tyrannis)
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To: presidio9
a national debt that has Americans stealing from their children and grandchildren, robbing them of benefits that they will never see and leaving them with burdens that will be nearly impossible to...

This should read, "a national debt that has politicians stealing from our children and grandchildren..."

3 posted on 01/27/2015 6:31:43 PM PST by immadashell (The inmates are running the asylum.)
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To: presidio9

I have two words for you. “Barf Alert”.


4 posted on 01/27/2015 6:32:20 PM PST by fhayek
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To: presidio9

The national debt has skyrocketed under Obama, what imaginary world do these leftists live on?


5 posted on 01/27/2015 6:34:31 PM PST by GeronL
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To: presidio9

The debt was a hair over 100 billion in 2006 before Pelosi became speaker. It was coming down to nearly balanced because the economy was on a strong and steady climb.

Then, it ballooned to 1.5 trillion under Obama, Pelosi and Reid. It has come down quite a bit but is still historically high. Last check, north of $500 billion, but that may be down more.

The left measures from the worst level under Obama and then shows how he’s lowered it 2/3rds. Interesting math.

If I overspend my salary by 100,000, and then the next year overspend it by only 33,000...I am doing good, right?


6 posted on 01/27/2015 6:35:58 PM PST by ilgipper
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To: ilgipper
I knew a lot of Leftists who hated Bush. Hated him. Hated him. Hated him. Why? Well, he was a spendthrift!! He had deficits! His deficits were huge! They were like -- they were like $100 Billion!!!!

Those deficits caused so much economic devastation that the only possible solution was to have Obama come in and immediately start spending trillions of dollars we didn't have.

Gotta love the Left. They're just wacky.

7 posted on 01/27/2015 6:42:42 PM PST by ClearCase_guy (Malort, turning taste-buds into taste-foes for generations.)
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To: Bryanw92
“We must raise the minimum wage to a livable wage. In the year 2015, no one in America who works full time should be living in poverty.”

Get a second job or a third or fourth job until you develop a job skill that is in demand and pays more.

That is what people did before the country began electing socialist governments and paying people not to work.


8 posted on 01/27/2015 6:45:31 PM PST by Iron Munro ("Alcohol, Tobacco and Firearms - Open Up!" "Must be another UPS delivery, honey.")
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To: presidio9
By investing $1 trillion in infrastructure spending over the next five years, as Sen. Sanders suggests in his report, we could help create over 13 million well-paying jobs AND bring the US out of the 19th century and into the 21st century.

He can stick this idea up his "shovel ready" porkulus.

9 posted on 01/27/2015 6:46:48 PM PST by Carry_Okie (Those who profess noblesse oblige regress to droit du seigneur.)
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To: Iron Munro

>>Get a second job or a third or fourth job until you develop a job skill that is in demand and pays more.

>>That is what people did before the country began electing socialist governments and paying people not to work.

Yes, and they could use that skill in a place called a “factory” where Americans with skills instead of a college degree could make things and learn more skills in that workplace and get promotions as a reward for their service and loyalty to the employer.


10 posted on 01/27/2015 6:52:12 PM PST by Bryanw92 (Sic semper tyrannis)
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To: ilgipper

US debt was $10.6 trillion when Obama took office. It currently stands at $18 trillion, or $154,000 for every tax paying citizen in this country. Over the 8 years of George Bush’s presidency, he added $4.9 trillion.


11 posted on 01/27/2015 6:59:51 PM PST by presidio9 (Islam is as Islam does.)
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To: ilgipper
Boom bust cycle.

We haven't had real growth in decades. We won't have much in the future as well do to the different gangs running our .gov and economy.

12 posted on 01/27/2015 7:00:13 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: presidio9

>>By investing $1 trillion in infrastructure spending over the next five years, as Sen. Sanders suggests in his report, we could help create over 13 million well-paying jobs AND bring the US out of the 19th century and into the 21st century.

Funny, I seem to remember something called a “stimulus bill” that said the same thing....


13 posted on 01/27/2015 7:06:05 PM PST by struggle
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To: presidio9

Biggest deficit in Washington DC is a moral one.


14 posted on 01/27/2015 7:08:07 PM PST by ully2
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To: presidio9

Let’s just give everyone a Federal Government job that pays $1,000,000 a year with very generous benefits. All private sector jobs will be declared illegal and everyone must undergo a transpecies operation. No rules of morality and ethics must be forbidden.


15 posted on 01/27/2015 7:09:27 PM PST by jlindseyx42 (Namaste)
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To: presidio9

Are we forgetting to add in the “unfunded federal debt”?

“To figure out the “unfunded federal debt” of the United States, you simply take the government’s total liabilities, set it aside into a lump sum (plus interest), and subtract projected future taxes.

You are left with the federal government’s unfunded liabilities, or unfunded federal debt.

What is included?

Underfunded Medicare obligations. Underfunded Social Security obligations. Unfunded military and civil servant pension obligations. The list goes on and on.

The bottom line is that the Federal government is not collecting enough in revenues (not nearly enough) to pay
for its total projected liabilities.

According to the USA Today, each American household owes $546,668 as their share of the total US debt. “

taken from the following website...

http://www.davemanuel.com/investor-dictionary/unfunded-federal-debt/


16 posted on 01/27/2015 7:11:39 PM PST by jacquej ("You cannot have a conservative government with a liberal culture." (Mark Steyn))
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To: ClearCase_guy

“I knew a lot of Leftists who hated Bush. Hated him. Hated him. Hated him. Why? Well, he was a spendthrift!! He had deficits! His deficits were huge! They were like — they were like $100 Billion!!!!”

The cumulative national debt doubled under George Bush from $5.8 trillion to $11.9 trillion. The only year he came close to $100 billion was his first year, 2001 at $133 billion. Technically 2001 was the last Clinton budget year since it was approved under Clinton and began in October 2000, three 1/2 months before Bush was inaugurated.

Bush deficits by year in billions were:
$421 in 2002
$570 in 2003
$596 in 2004
$539 in 2005
$575 in 2006
$500 in 2007
$1,018 in 2008
$1,887 in 2009 (budget year began October 2008, while Bush was President)


17 posted on 01/27/2015 7:17:56 PM PST by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: immadashell
a national debt that has Americans stealing from their children and grandchildren, robbing them of benefits that they will never see and leaving them with burdens that will be nearly impossible to...

This should read, "a national debt that has politicians stealing from our children and grandchildren..."

And it should also continue with as guaranteed upon their earnings via the income-tax, which is non-voluntary, and therefore essentially equivalent to selling them into slavery.

18 posted on 01/27/2015 7:33:39 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: jacquej
Re: “each American household owes $546,668”

The soon-to-be Black, Hispanic, Asian majority is not concerned.

They'll solve it the old fashioned way.

Default!

19 posted on 01/28/2015 1:39:45 AM PST by zeestephen
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To: Soul of the South
Thanks for posting the hard numbers.

I thought the $100 billion deficit claim for 2006 sounded way low.

There are no universally accepted historical standards for comparing presidential deficits, but I'll guess that Nixon, Reagan, and George W. Bush are right up there with Franklin Roosevelt before WW2 started.

And I'll guess that Lyndon Johnson ranks number one in terms of non-military spending increases.

20 posted on 01/28/2015 1:58:39 AM PST by zeestephen
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