Jump to content




Welcome to Unexplained Mysteries! Please sign in or create an account to start posting and to access a host of extra features.


- - - - -

Bi Partisan Budget Deal


  • Please log in to reply
21 replies to this topic

#1    Kowalski

Kowalski

    The Original Penguin Conspiracy Theorist

  • Member
  • 4,102 posts
  • Joined:14 Mar 2013
  • Gender:Female
  • Location:* Madgascar *

  • It's All Some Kind Of Wacked Out Conspiracy....

Posted 11 December 2013 - 08:46 PM



Quote

The budget deal that House Budget Committee chairman Rep. Paul Ryan (R-WI) negotiated with Senate Budget Committee chairwoman Sen. Patty Murray (D-WA) will still add $8 trillion to the already-oversized national debt according to data included in statements made by Ryan and Murray, Breitbart News has learned.


Current law, which includes the Budget Control Act (BCA) known colloquially as the sequester, would push the national debt to $25.228 trillion in 2023, according to the Congressional Budget Office (CBO). The original BCA passed in 2011 had a goal of $2.1 trillion in deficit reduction over a 10-year window that ended in 2021.


The budget deal Ryan negotiated with Murray would include, at most, only $23 billion in deficit reduction. In comparison to current law, that means the national debt would reach $25.205 trillion by 2023.


Since the national debt right now is about $17.233 trillion, Ryan’s deal with Murray did virtually nothing to change the national debt from current law. Current law and the Ryan deal each increase the national debt by about $8 trillion over the next decade.


Link: http://www.breitbart...n-national-debt


Yeah, let's just kick the can down the road.... :(

Ladies and Gentlemen, Wahington has a spending problem. And it's not just the Democrats, as this clearly shows, so do the Republicans.

Quote


House Republicans "capitulated" in agreeing to the two-year budget deal reached last night and left the country to deal with an unsustainable fiscal situation until the peak of the presidential primaries in 2015, when nothing will get done, former federal budget director David Stockman told CNBC on Wednesday.

"First, let's be clearIt's a joke and betrayal," Stockman, who served under President Ronald Reagan, said on "Squawk on the Street." "It's the final surrender of the House Republican leadership to Beltway politics and kicking the can and ignoring the budget monster that's hurtling down the road."

Stockman added that the budget deal means U.S. lawmakers would take a "two-year vacation" from dealing with the country's fiscal situation, and instead revisit it in 2015 at around the same time as the Iowa straw polls. Without an incumbent in the presidential race, both political parties would be too busy to touch the budget, he said.


Link: http://www.cnbc.com/id/101265477

Posted Image

Good article here by the way....

Link: http://reason.com/bl...al-matters-in-t


#2    supervike

supervike

    Alien Abducter

  • Member
  • 5,491 posts
  • Joined:16 May 2007
  • Gender:Male

Posted 12 December 2013 - 05:20 PM

This is partisan politics at it's finest.

It would be almost comedic to watch them fail so often, if it didn't have such an impact on the people and country I love.


#3    ninjadude

ninjadude

    Seeker of truths

  • Member
  • 10,989 posts
  • Joined:11 Sep 2006
  • Gender:Male
  • Location:Illinois

  • "dirt collects at the interfaces"

Posted 13 December 2013 - 02:20 AM

because shutting down the government was sooo effective.

Quote

$24 billion.
That’s according to an estimate from Standard & Poor’s. The financial services company said the shutdown, which ended with a deal late Wednesday night after 16 days, took $24 billion out of the U.S. economy, and reduced projected fourth-quarter GDP growth from 3 percent to 2.4 percent
http://swampland.tim...st-the-economy/
.

"Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now!""
- Friedrich Nietzsche

#4    preacherman76

preacherman76

    Humble Servent

  • Member
  • 10,827 posts
  • Joined:16 Jul 2007
  • Gender:Not Selected
  • Location:Parts Unknown

Posted 13 December 2013 - 10:49 AM

View Postninjadude, on 13 December 2013 - 02:20 AM, said:

because shutting down the government was sooo effective.

http://swampland.tim...st-the-economy/
.

Oh ninja. Do tell. What does this have to do with the fact that both parties are spending us into oblivion?

Some things are true, even if you dont believe them.

#5    Frank Merton

Frank Merton

    Blue fish

  • Member
  • 14,002 posts
  • Joined:22 Jan 2013
  • Gender:Male
  • Location:Ho Chi Minh City, Vietnam

  • fmerton.blogspot.com

Posted 13 December 2013 - 11:10 AM

View Postsupervike, on 12 December 2013 - 05:20 PM, said:

This is partisan politics at it's finest.

It would be almost comedic to watch them fail so often, if it didn't have such an impact on the people and country I love.
Actually this didn't look like a failure to me.  They passed the compromise.


#6    preacherman76

preacherman76

    Humble Servent

  • Member
  • 10,827 posts
  • Joined:16 Jul 2007
  • Gender:Not Selected
  • Location:Parts Unknown

Posted 13 December 2013 - 11:14 AM

View PostFrank Merton, on 13 December 2013 - 11:10 AM, said:

Actually this didn't look like a failure to me.  They passed the compromise.

25 trillion dollars in DEBT, doesnt look like failure to you? Based on what comparison?

Some things are true, even if you dont believe them.

#7    Frank Merton

Frank Merton

    Blue fish

  • Member
  • 14,002 posts
  • Joined:22 Jan 2013
  • Gender:Male
  • Location:Ho Chi Minh City, Vietnam

  • fmerton.blogspot.com

Posted 13 December 2013 - 11:26 AM

I think you are economically illiterate.  That number is all you know.

The fact is the House passed a measure to keep the government functioning for a couple years without another crisis like what happened last Fall.  That was a success.  Not a big success but hardly a failure.


#8    preacherman76

preacherman76

    Humble Servent

  • Member
  • 10,827 posts
  • Joined:16 Jul 2007
  • Gender:Not Selected
  • Location:Parts Unknown

Posted 13 December 2013 - 11:38 AM

View PostFrank Merton, on 13 December 2013 - 11:26 AM, said:

I think you are economically illiterate.  That number is all you know.

The fact is the House passed a measure to keep the government functioning for a couple years without another crisis like what happened last Fall.  That was a success.  Not a big success but hardly a failure.


I think you have no concept of learning from history.


Proving to the world that we have no intention of ever paying our debt is hardly adverting a crisis. Not only will we never be able to pay this debt, but we expect to be given trillions MORE. Maybe we make it 2 more years under this crushing debt. But once the world has had enough of our wreakless spending, and pulls our reserve status, which they already talk about, that debt will turn us into a third world nation over night. Destroying the future of every person in this country, to mantain our standard of living for a couple years has to be about the biggest failure I can think of.

Edited by preacherman76, 13 December 2013 - 11:39 AM.

Some things are true, even if you dont believe them.

#9    Frank Merton

Frank Merton

    Blue fish

  • Member
  • 14,002 posts
  • Joined:22 Jan 2013
  • Gender:Male
  • Location:Ho Chi Minh City, Vietnam

  • fmerton.blogspot.com

Posted 13 December 2013 - 11:39 AM

GIGO


#10    Agent0range

Agent0range

    Psychic Spy

  • Member
  • PipPipPipPipPipPipPipPip
  • 1,349 posts
  • Joined:10 Apr 2013
  • Gender:Male
  • Location:Pennsylvania

Posted 13 December 2013 - 12:11 PM

View Postpreacherman76, on 13 December 2013 - 11:38 AM, said:



I think you have no concept of learning from history.


Proving to the world that we have no intention of ever paying our debt is hardly adverting a crisis. Not only will we never be able to pay this debt, but we expect to be given trillions MORE. Maybe we make it 2 more years under this crushing debt. But once the world has had enough of our wreakless spending, and pulls our reserve status, which they already talk about, that debt will turn us into a third world nation over night. Destroying the future of every person in this country, to mantain our standard of living for a couple years has to be about the biggest failure I can think of.

Frank is right.  You are looking too much into the number.  Have you ever taken economics?  What people don't understand is that balancing the budget would essentially crush this country.  It would put us into a recession that we would probably never get out of.  The effects on the economy matter much more than the number of the debt.  Yes, I know, the economy is not great right now, but it is much better than it would be without putting money into it.


#11    supervike

supervike

    Alien Abducter

  • Member
  • 5,491 posts
  • Joined:16 May 2007
  • Gender:Male

Posted 14 December 2013 - 12:44 AM

View PostFrank Merton, on 13 December 2013 - 11:10 AM, said:

Actually this didn't look like a failure to me.  They passed the compromise.


Agreed, I was just talking in general terms.


#12    Sir Wearer of Hats

Sir Wearer of Hats

    SCIENCE!

  • Member
  • 10,305 posts
  • Joined:08 Nov 2008
  • Gender:Male
  • Location:Queensland, Australia.

Posted 14 December 2013 - 12:49 AM

View PostFrank Merton, on 13 December 2013 - 11:26 AM, said:

I think you are economically illiterate.  That number is all you know.

The fact is the House passed a measure to keep the government functioning for a couple years without another crisis like what happened last Fall.  That was a success.  Not a big success but hardly a failure.
I think it's more a case of "not a failure, hardly a success".
Once again, noone has come up with a way to reduce that debt (other then "tax the people we're already taxing almost into poverty").

I must not fear. Fear is the Mind-Killer. It is the little death that brings total obliteration. I will face my fear.
I will permit it to pass over me and to move through me. And when it is gone I will turn the inner eye to see it's path.
When the fear is gone, there will be nothing.
Only I will remain.

#13    preacherman76

preacherman76

    Humble Servent

  • Member
  • 10,827 posts
  • Joined:16 Jul 2007
  • Gender:Not Selected
  • Location:Parts Unknown

Posted 17 December 2013 - 11:06 AM

View PostAgent0range, on 13 December 2013 - 12:11 PM, said:

Frank is right.  You are looking too much into the number.  Have you ever taken economics?  What people don't understand is that balancing the budget would essentially crush this country.  It would put us into a recession that we would probably never get out of.  The effects on the economy matter much more than the number of the debt.  Yes, I know, the economy is not great right now, but it is much better than it would be without putting money into it.

Have you? I have never seen a economic model where unsustianable debt didnt destroy economies. By every historical measuring stick, we are well on our way to third world status.

Some things are true, even if you dont believe them.

#14    Agent0range

Agent0range

    Psychic Spy

  • Member
  • PipPipPipPipPipPipPipPip
  • 1,349 posts
  • Joined:10 Apr 2013
  • Gender:Male
  • Location:Pennsylvania

Posted 17 December 2013 - 01:02 PM

That is simply not true.  Have o

View Postpreacherman76, on 17 December 2013 - 11:06 AM, said:

Have you? I have never seen a economic model where unsustianable debt didnt destroy economies. By every historical measuring stick, we are well on our way to third world status.

That is simply not true.  Have you looked at the debts of other superpowers?  It may be a lower amount, but the % of debt to their GDP is MUCH higher, which is an even bigger problem.  The entire world has some sort of dependence on the state of our economy, which is why the numbers don't matter as much as you make them out to.


#15    Wickian

Wickian

    Doppelganger

  • Member
  • 3,836 posts
  • Joined:11 May 2007
  • Gender:Male
  • Location:USA

  • Save it for Queen Doppelpoppellus!

Posted 17 December 2013 - 09:04 PM

The Republicans are in full "Let it Roll" mode.  They aren't going to making a ruckus out of anything but Obamacare until after the next elections.





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users