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Deficit Grossly Underestimated by Obama and dems

Discussion in 'Political Discussion' started by patsfan13, Mar 20, 2009.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Deficit for first budget explodes to 2.6 TRILLION for first year, 3 week s ago the estimate was 1.8 T. CBO had 10years deficit estimate now of...close to 10 TRILLION over the course of his administration... IMO these are optimistic estimates.

    BTW think about the retiring Baby boomers and the SS & Medicare funds spend more than they collect. Teleprompter boy is a freaking disaster in the making.
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    I forgot see what happens to SS and Medicare and the deficit when the 20mil illegals are given amnesty and bring in their relatives to collect Senior Citizen bennies....
  3. tanked_as_usual

    tanked_as_usual Banned

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    Costco - Food For Health? Emergency Food Kit

    that's why I am stockpiling these along with 300 cases of water, plus 20 year supply of toothpaste, beef jerky, jameson, budweiser, and multivitamins.....

    and oh yeah, my pistola and my hunting rifle
  4. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    They'll fix these (SS for sure, Medicare maybe) with means testing. It's "soak the rich time", why pay them SS money anyway ?

    :rolleyes:
  5. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    A one time asset tax of those worth over $1 billion would correct the problem. I bet if the tax was 5%, that would be enough.
  6. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    THis sounds silly where are you getting your figures from?
  7. PressCoverage

    PressCoverage Banned

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    You've just undescored my exact reaction to nearly every one of your posts the past 3 years.

    Anyhow, it's over. There's nothing Obama could ever do to stop it, even if he took the exact opposite approach and spent next to nothing to "stimulate" the economy, like you RW drones pretend you all wanted.

    He's trying, but it will fail. ... It will fail because 1) he's not changing the way money works, and 2) He's not recognizing (or acting on the fact) that it's all tied to the end of cheap energy.
  8. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    What are you talking about. I almost always produce where I get my figures from you will note no such references from Patters.


    I also excoriated Bush and the pubbie congress for their reckless spending. I was against the bailout. As a matter of fact almost no conservatives here (or in congres) supported the bailout, note I said conservative not republican.


    He is trying to socialize the country and socialism isn't a sound economic approach. I do agree about the end of 'cheap money'.


    I don't agree that there is nothing that could be done to speed theend of this recession. What he is doing will make thing far worse.
  9. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    He mentioned that before. I can't find the thread where he gave the numbers - the problem is that they were from around 2007 and the assets of the rich have been decimated at least as much as the rest of us as most of their assets were in stocks. Somewhere on this forum Patters produced that link but the tax would be higher than he's suggesting.
  10. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    The Prince Barack Hussein Obama Circus has just begun and it is going to get better, the ringmaster Barry couldn't have picked a better Clown to entertain the world than Windbag Biden, together they and their circle of Dip Sh!ts will bring back the real meaning of the words "The Greatest Show On Earth"

    The Telepromter Will Never Be Out Of Reach

    The President Will Conduct Bowling Classes At Mental Institutions Throughout The Country

    AUNT ZUCCHINI WILL HAVE HER FOOD STAMPS INCREASED

    BARRY'S BROTHER GEORGE WILL ENTER AMERICA ILLEGALLY, HE WILL BRING HIS BONG WITH HIM

    A STATUE WILL BE MADE OF MICHELLE'S ARMS

    MUSH MOUTH CHRIS MATTHEWS WILL HAVE TO BE SEDATED AND PUT IN A STRAIGHT JACKET THE NIGHT OF THE STATE OF THE UNION SPEECH, HIS LEGS WILL HAVE TO BE TIED, MILLIONS OF DEMOCRATS ALL OVER AMERICA WILL FAINT, AUNTIE PELOSI WILL SUCK HER FALSE TEETH SO HARD SHE WILL SWALLOW THEM AND GO INTO A COMA.

    AUNT ZUCCHINI AND BROTHER GEORGE WILL GET STONED.

    AMERICA AMERICA
    GOD SHED HIS GRACE ON THEE

    :bricks:
  11. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Wealth tax - Wikipedia, the free encyclopedia

    "In 1999, Donald Trump proposed a once off 14.25% wealth tax on the net worth of individuals and trusts worth $10 million or more. Trump claimed that this would generate $5.7 trillion in new taxes, which could be used to eliminate the national debt."

    5% might not pay off the deficit, but it would certainly pay for the the economic stimulus.
  12. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    It would also be another shot to the stock market and everyone's retirement. A 5% "wealth tax" would be paid mostly through stock sales and would be about a 3% hit solely from the sale of stocks to raise the money not to mention a further deterioration in confidence for investors.

    You've never met a tax you don't like, have you ? Here's my suggestion - no additional taxes are allowed unless the dollars raised are matched 1-1 in spending cuts. REAL spending cuts.
  13. wistahpatsfan

    wistahpatsfan Rookie

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    I agree with you but I'm not sure why...just a hunch based on what I know about energy "costs" - not just the "price".

    Still eagerly awaiting a sound energy policy that agressively moves toward renewables, fusion research and away from the continued use of fossil fuels. The price of a barrel of oil is just a part of the cost of continuing on the present course. Until we get a handle on this problem, nothing Obama does will have a lasting effect. I know a lot of people who voted for "change" and are pissed off that they're getting more of the same.

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