Getbig Bodybuilding, Figure and Fitness Forums
October 20, 2014, 01:39:17 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1] 2   Go Down
  Print  
Author Topic: Obama seeking new round of "Stimulus Spending"  (Read 1059 times)
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« on: December 01, 2012, 09:51:21 AM »

http://news.yahoo.com/why-obama-pushing-stimulus-fiscal-cliff-deal-video-033547060.html

Report to moderator   Logged
Shockwave
Getbig V
*****
Posts: 20585


Decepticons! Scramble!


« Reply #1 on: December 01, 2012, 09:52:20 AM »

Clearly the answer is to spend more.
Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #2 on: December 01, 2012, 10:09:58 AM »

Sen. Hatch: Obama fiscal proposal 'classic bait and switch'

By Molly K. Hooper - 12/01/12 09:16 AM ET






The top-ranking Republican on the Senate Finance Committee accused President Obama of pulling a "bait and switch" this week with the administration's proposed deal to avert the so-called "fiscal cliff."

"What [Obama] proposed this week was a classic bait and switch on the American peopleóa tax increase double the size of what he campaigned on, billions of dollars in new stimulus spending and an unlimited, unchecked authority to borrow from the Chinese," Sen. Orrin Hatch (R-Utah) said in Saturday's weekly GOP address.

"Maybe I missed it but I donít recall him asking for any of that during the presidential campaign. These ideas are so radical that they have already been rejected on a bipartisan basis by Congress."

 On Thursday, Treasury Secretary Tim Geithner was dispatched to Capitol Hill to share Obama's plan with House Speaker John Boehner (R-Ohio) and Senate GOP Leader Mitch McConnell (R-Ky.) The deal included $1.6 trillion in tax hikes, $50 billion in economic stimulus spending and $400 billion in spending cuts. Republicans have demanded more severe spending cuts - including entitlement reform - to begin a discussion on raising taxes.

If Congress fails to act within the next 30 days, a bevy of tax increases and severe spending cuts are set to go into effect, potentially unleashing a devastating blow to the precarious U.S. economy.

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


ďIf we donít act by the end of the year, 28 million more families and individuals will be forced to pay the Alternative Minimum Tax, 21 times as many farmers and ranchers will be hit with the death tax, and the average middle-class family would see their taxes go up by at least $2,000," Hatch said.

 On Friday, Boehner held a news conference decrying the state of negotiations calling them a "stalemate."

Hatch said that the country needs leadership and compromise to get back on track.

ďAmericans want Washington to work together to get our country back on track, and to ensure we leave it in a better place than we found it for future generations. This is our chance. Letís make the hard decisions. Letís make those decisions we know must be made."
Report to moderator   Logged
Necrosis
Getbig V
*****
Posts: 8468


« Reply #3 on: December 01, 2012, 10:30:07 AM »

Wait, what?

the 1.6 trillion is after the first 250k meatpie.

The 50 billion in stimulus is chump change, you guys are spending 100billion on an israelis air force. The 50 billion is for infrastructure spending, which as you know Roll Eyes, increases the economy 100% on investment, no problem with that.

400billion is not enough cuts, the defense budget needs a huge cut. Where's the GOP's counter offer? why are the outraged by a plan that is exactly as he previously outlined?
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #4 on: December 01, 2012, 08:39:25 PM »

spending on infrastructure and math and science education needs to be increased by hundreds of billions of dollars. both should result in more future revenues than they will cost us now (inflation adjusted too).


on the other hand, defense, medicare/medicaid, and social security all need to be cut by a couple hundred billion each.

as for taxes... id like to see the tax rates go down on the poor and middle class, and increased proportionally on the wealthy (but not by a rate increase, by elimination of loopholes and deductions)
Report to moderator   Logged
George Whorewell
Getbig V
*****
Gender: Male
Posts: 7001


RED


« Reply #5 on: December 01, 2012, 09:24:51 PM »

spending on infrastructure and math and science education needs to be increased by hundreds of billions of dollars. both should result in more future revenues than they will cost us now (inflation adjusted too).


on the other hand, defense, medicare/medicaid, and social security all need to be cut by a couple hundred billion each.

as for taxes... id like to see the tax rates go down on the poor and middle class, and increased proportionally on the wealthy (but not by a rate increase, by elimination of loopholes and deductions)

It is scary that you are allowed to vote. You really have no idea what you're talking about. Literally, none.
Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #6 on: December 01, 2012, 09:30:54 PM »

It is scary that you are allowed to vote. You really have no idea what you're talking about. Literally, none.

x 10
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #7 on: December 01, 2012, 09:43:36 PM »

It is scary that you are allowed to vote. You really have no idea what you're talking about. Literally, none.
thats an awefully funny thing to say. what exactly do you even mean by that? i "dont know what im talking about"? you mean to say i dont understand the definitions of the words i am using? or that the things i am saying are completely non-sensical ?  lol..   if you disagree with something i say, well then by all means please do expand upon your disagreement and enlighten me as to your opinion on the matter! lol
Report to moderator   Logged
Necrosis
Getbig V
*****
Posts: 8468


« Reply #8 on: December 02, 2012, 06:56:16 AM »

It is scary that you are allowed to vote. You really have no idea what you're talking about. Literally, none.

again what about this will be bad for the economy? everything looks great to me. Increase revenue without taxing the middle class. Increase infrastructure spending which is the best investment a Government can make really, it should be more money invested. Technology and infrastructure will create jobs in the future and present. The cuts should be deeper to defense like I said, it's really really bloated.
Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #9 on: December 02, 2012, 06:58:01 AM »

again what about this will be bad for the economy? everything looks great to me. Increase revenue without taxing the middle class. Increase infrastructure spending which is the best investment a Government can make really, it should be more money invested. Technology and infrastructure will create jobs in the future and present. The cuts should be deeper to defense like I said, it's really really bloated.

Where does money come from?
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #10 on: December 02, 2012, 07:52:13 AM »

Where does money come from?

Allow me.  Inflation by printing money, or by the diversion of resources via taxes.
Report to moderator   Logged
Pray_4_War
Getbig IV
****
Gender: Male
Posts: 3067


Getbig Legend


« Reply #11 on: December 02, 2012, 08:02:08 AM »

Why do liberals always carry on about infrastructure.  Who is it at the DNC that is feeding that to them because they all talk about it?   Huh 
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #12 on: December 02, 2012, 08:02:55 AM »

again what about this will be bad for the economy? everything looks great to me. Increase revenue without taxing the middle class. Increase infrastructure spending which is the best investment a Government can make really, it should be more money invested. Technology and infrastructure will create jobs in the future and present. The cuts should be deeper to defense like I said, it's really really bloated.

Infrastructure upgrades are needed, but pretty roads don't boost the economy because you need to divert resources for this purpose.  The Government doesn't have money to draw from for infrastructure.  It gets the funds from the private sector via taxes, or by inflation through creating money.
Report to moderator   Logged
Pray_4_War
Getbig IV
****
Gender: Male
Posts: 3067


Getbig Legend


« Reply #13 on: December 02, 2012, 08:14:45 AM »

Infrastructure upgrades are needed, but pretty roads don't boost the economy because you need to divert resources for this purpose.  The Government doesn't have money to draw from for infrastructure.  It gets the funds from the private sector via taxes, or by inflation through creating money.

Anyone with even the smallest grasp on economics should be able to see that spending, borrowing and printing money at this rate is going to collapse the economy.  I believe that this is what the POTUS wants to happen.  They are purposely trying to wreck the economy so they can introduce even more radical stuff as the "solution".  When it happens they will site it as proof that capitolism has failed.  They know that they have Bush as a lifetime scapegoat and that they will never be blamed for it.  

Enjoy slavery everyone.  
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #14 on: December 02, 2012, 08:39:25 AM »

Anyone with even the smallest grasp on economics should be able to see that spending, borrowing and printing money at this rate is going to collapse the economy.  I believe that this is what the POTUS wants to happen.  They are purposely trying to wreck the economy so they can introduce even more radical stuff as the "solution".  When it happens they will site it as proof that capitolism has failed.  They know that they have Bush as a lifetime scapegoat and that they will never be blamed for it.  

Enjoy slavery everyone.  

You've got it.  Sadly, the bulk of people are sheep who fail to see the signs of what is yet to come in the not so distant future.  They are easily appeased by their Obama phones and by the schills that reassure them that everything is going to be all right.  The masses fail to grasp even the most rudimentary aspects of the monetary system, instead investing their time in reality tv shows, or making sure they are first through Walmart's doors on Black Friday.  These same people will cause massive civil unrest when the hand outs stop.  It's very easy for the people in power to orchestrate what is in motion, when they govern over a society of idiots.
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #15 on: December 02, 2012, 09:44:27 AM »

spending on infrastructure and math and science education needs to be increased by hundreds of billions of dollars. both should result in more future revenues than they will cost us now (inflation adjusted too).


on the other hand, defense, medicare/medicaid, and social security all need to be cut by a couple hundred billion each.

as for taxes... id like to see the tax rates go down on the poor and middle class, and increased proportionally on the wealthy (but not by a rate increase, by elimination of loopholes and deductions)

+1
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #16 on: December 02, 2012, 09:45:07 AM »

It is scary that you are allowed to vote. You really have no idea what you're talking about. Literally, none.

Enlighten us George...
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #17 on: December 02, 2012, 09:47:42 AM »

You've got it.  Sadly, the bulk of people are sheep who fail to see the signs of what is yet to come in the not so distant future.  They are easily appeased by their Obama phones and by the schills that reassure them that everything is going to be all right.  The masses fail to grasp even the most rudimentary aspects of the monetary system, instead investing their time in reality tv shows, or making sure they are first through Walmart's doors on Black Friday.  These same people will cause massive civil unrest when the hand outs stop.  It's very easy for the people in power to orchestrate what is in motion, when they govern over a society of idiots.

So the people in power is trying to make massive civil unrest?

Isnt that kind of stupid why create unrest in your own "kingdom"?
Report to moderator   Logged
George Whorewell
Getbig V
*****
Gender: Male
Posts: 7001


RED


« Reply #18 on: December 02, 2012, 09:58:15 AM »

again what about this will be bad for the economy? everything looks great to me. Increase revenue without taxing the middle class. Increase infrastructure spending which is the best investment a Government can make really, it should be more money invested. Technology and infrastructure will create jobs in the future and present. The cuts should be deeper to defense like I said, it's really really bloated.

333's basic question sets the framework as to why this is a stupid idea that is horrible for the economy. But beyond that, have you been paying attention to the past four years? Do you know how much money we have pissed away on "infrastructure" spending-- shovel ready jobs? What was the supposed purpose of the first stimulus package?

Everything looks great to you because you are completely clueless and ignorant.

Defense spending is not the issue. It is less than one quarter of government spending. Again, educate yourself on the Federal budget. Stop being lazy and regurgitating leftist talking points. You're repeating a lie over and over and over again.

The middle class are going to be taxed across the board ( it is inevitable) if spending continues at these rates because the so called rich don't have enough money to support the ever expanding growth of the government.

Economics 101: Printing money devalues our currency. It leads to inflation. It makes goods and services more expensive. That harms the middle class.
                             Raising taxes on the so called wealthy is bad for the economy for several reasons; A short list is as follows-(1) The wealthy are not stupid.  Assets and liquidity will be moved off shore,    hidden, put in tax shelters and moved out of government reach. This is bad for the middle class because it retards economic growth. When you tax something (wealth), you get less of it.  (2) Business owners will not absorb the cost of higher taxes. They will hire less employees, fire existing employees, take less risks, cut hours or pass the cost along to their customers. As a result, there will be less jobs for the middle class, less income for the middle class etc. (3) Government does not create anything, make anything or have any of its own money. It can only print or tax. Whenever the government takes money out of the private sector via taxation, it is shrinking the productivity of the private sector. In an ironic way, higher taxation actually reduces the amount of revenue generated for the government because it shrinks economic growth which in turn reduces productivity, which in turn shrinks the workforce, which in turn narrows the tax base. (4) Notice that the definition of "wealthy" is ever growing. First it was millionaires and billionaires. Then it was individuals earning 250k plus. Then it was couples. Now its couples earning over 200k. And as the definition of rich grows, poverty seems to be increasing steadily. And in between, the middle class continues to shrink.  

Last but not least; Government spending to create jobs growth in the form of government jobs is the most illogical and harmful thing (next to excessive taxation) that can be done to an economy. Think of the warped logic--> The government devalues the nations currency and takes money out of the private sector to create government agencies and jobs that are funded by the private sector. How can that possibly create economic growth? How can you possibly grow the private sector by shrinking it?
Report to moderator   Logged
Necrosis
Getbig V
*****
Posts: 8468


« Reply #19 on: December 02, 2012, 10:49:25 AM »

http://www.businessinsider.com/infrastructure-economic-multiplier-2012-11

hello
Report to moderator   Logged
Pray_4_War
Getbig IV
****
Gender: Male
Posts: 3067


Getbig Legend


« Reply #20 on: December 02, 2012, 11:03:10 AM »


Economics 101: Printing money devalues our currency. It leads to inflation. It makes goods and services more expensive. That harms the middle class.

This is not rocket science but 50% of the population doesn't seem to care. 

Lets say Obama doesn't raise taxes on the middle class.  If food, gas, medicine, and everything else is more expensive everyone is affected.  Rich, poor, middle class, everyone.   
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #21 on: December 02, 2012, 11:23:24 AM »

So the people in power is trying to make massive civil unrest?

Isnt that kind of stupid why create unrest in your own "kingdom"?

It's about control.  We are on the verge of the biggest wealth transfer in history.  When things fall apart completely, with the economy in shambles and the masses in fear, they will claim to have the answer, which will entail their having total control to, "protect us".  Reminds one of another event in recent history, doesn't it?  Civil unrest is merely a predictable result, for which they are already prepping for.

This goes beyond the United States or its Government.  Look at Europe and the collapse that has been engineered there.  That is just the warm up. The U.S economy is the main event.  
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #22 on: December 02, 2012, 11:46:12 AM »

It's about control.  We are on the verge of the biggest wealth transfer in history.  When things fall apart completely, with the economy in shambles and the masses in fear, they will claim to have the answer, which will entail their having total control to, "protect us".  Reminds one of another event in recent history, doesn't it?  Civil unrest is merely a predictable result, for which they are already prepping for.

This goes beyond the United States or its Government.  Look at Europe and the collapse that has been engineered there.  That is just the warm up. The U.S economy is the main event.  

Who is pulling the strings?

Illuminati?
Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #23 on: December 02, 2012, 11:58:29 AM »

Who is pulling the strings?

Illuminati?

Go read creature from Jekyll island. 
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #24 on: December 02, 2012, 12:25:05 PM »

Go read creature from Jekyll island. 

No time just give me the highlights Smiley
Report to moderator   Logged
Pages: [1] 2   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.20 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!