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Forums - Politics - The congress spends the money, not the potus. Learn your civics.

dsgrue3 said:
spaceguy said:
Reagan was a big part of allowing the banks to get to big, he stopped enforcing the sherman Anti-trust act. Also tax's have to go up. All the loopholes are mainly there for the rich to access, not the poor. People that sit by the pool collecting checks like paris hilton while only paying 15% tax's on investments is not right. 

I completely agree our defense is out of control, as the pentagon is not auditable.  Some estaments put the defense including the pentagon close to a trillion dollars a year.

I would not tare down what we got, I think there needs to be rules of who can work for what and where. For instance, if you work for GE, you can't go regulate for GE. I think the biggest way to have a effect is also to do campaign finance reform.

Cut the defense budget and have public funded campaign finance, Put a cap on it and People/corporations only allowed to give $250 or less. This will make the politicians work for the people, not there corporate funders. Which we have a massive problem on both sides.

SS has not contributed, so no need to cut that. SS is already paid for and all you would have to do is raise the SS cap to 250,000 or higher to make it solvent.

Medicare part D that doesn't allow us to barter for drug costs,  is costing us  billions of dollars a year.

Yes we should have put bankers in jail just like Iceland. I don't have issue with the bailout as much as there was no strings attached to it. Like Splitting up the banks and more regulations. Which I know we disagree.

Iceland also raised tax's and cut costs. I agree that we have a spending problem. I think mainly in the defence budget. Thats what i would gut. Sorry But we only need so much.

If we do these things we should be good.

Top 3 outlays:

Social Security - $778.5 Billion

Defense - $716.3 Billion

Income Security - $579.6 Billion

Cutting 100% of Defense funding wouldn't even be able to reduce the deficit to $0. That's how outragious our spending is.

What is alarming to me is that Income Tax wasn't around until 1913. How did the government manage to run itself without the absurd amount of revenue from income tax?

Answer: It didn't spend recklessly as if we had an infinite supply of money.

Well said, I agree 100%.



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spaceguy said:
Paul said:
What is a potus?



President of the united states.



Are you calling him a potus just because he is black. Sounds like a racist term.



Paul said:
spaceguy said:
Paul said:
What is a potus?



President of the united states.



Are you calling him a potus just because he is black. Sounds like a racist term.

P.O.T.U.S.

President Of The United States

Wasn't sure if serious.



spaceguy said:
Kasz216 said:
 

I just note how some of these things theoretically could succeed, i just wouldn't want them to.

When it comes to economics... i'll put it this way.  John Manyard Keynes is touted as the big left wing economist of note.   If he were alive today he would be shouting at Obama that you can't raise taxes on anybody while the economy is so weak.   Essentially the current Obama proposal isn't based on any economic theory, not even the most left wing economic theory.  It's not based on any economics at all, but instead based on a sense of fairness, bad economic consequences be damned. 

As preivously stated, I would of allowed the banks to have failed, not exactly mainstream economic  matieral.  Or at the very least required regional breakups in return for the bailout funds.  I tend to think Modern economists focus too much on big numbers like Keynes famous Aggregate demand formula and forget that economies are made up of people... and that people change generationally.   Meaning that every crisis is going to be different, because every consumer group is different.  As such, the safest way to ride out downturns is to ride them out naturally with a modest increase in spending so that we can make sure that nobody is starving in the streets.  (but at a payout lower then unemployment, imagine a middle step between unemployment and welfare.)

 

In general, I think that an ideal kind of government looks a lot like New Zealands with a little more personal freedom mixed in... with an icelandic attidue of... if a bank fails, let it fail.


The problem is, you need to tear down, before you build up.  The US has so much worthless and wrongheaded regulations that rise the cost of compliance for companies and that's why you end up with massive too big to fail insitutions.

This is why the five US banks that held assets equal to 43% of the country's GDP now hold 56%.

http://www.bloomberg.com/news/2012-04-16/obama-bid-to-end-too-big-to-fail-undercut-as-banks-grow.html


The US does have a huge deficit problem, and deficits in general can only be solved via spending cuts, as tax raises time and time again have shown an increase in spending to go along with them, even when done for budget saving purposes.

 

A correct path would be to cut government spending practically everywhere, eliminate whole areas if need be, while essentially writing the countries regulations over from a blank slate.  Then watch the real economy grow.

Followed by a consolidation of welfare programs (as right now they are so split up the overhead is ridiculious) and work from there. 

 

In general, I would support libretarians (not regular conservatives for various social reasons) to gain control of the government for a good 8 years or so, to take down everything, then would hope they would be replaced for new more sane regulations, laws, and policies.   (Though i think i'd keep the negative income tax.  It seems far more efficent then what we do now.)

Reagan was a big part of allowing the banks to get to big, he stopped enforcing the sherman Anti-trust act. Also tax's have to go up. All the loopholes are mainly there for the rich to access, not the poor. People that sit by the pool collecting checks like paris hilton while only paying 15% tax's on investments is not right. 

I completely agree our defense is out of control, as the pentagon is not auditable.  Some estaments put the defense including the pentagon close to a trillion dollars a year.

I would not tare down what we got, I think there needs to be rules of who can work for what and where. For instance, if you work for GE, you can't go regulate for GE. I think the biggest way to have a effect is also to do campaign finance reform.

Cut the defense budget and have public funded campaign finance, Put a cap on it and People/corporations only allowed to give $250 or less. This will make the politicians work for the people, not there corporate funders. Which we have a massive problem on both sides.

SS has not contributed, so no need to cut that. SS is already paid for and all you would have to do is raise the SS cap to 250,000 or higher to make it solvent.

Medicare part D that doesn't allow us to barter for drug costs,  is costing us  billions of dollars a year.

Yes we should have put bankers in jail just like Iceland. I don't have issue with the bailout as much as there was no strings attached to it. Like Splitting up the banks and more regulations. Which I know we disagree.

Iceland also raised tax's and cut costs. I agree that we have a spending problem. I think mainly in the defence budget. Thats what i would gut. Sorry But we only need so much.

If we do these things we should be good.

Cheaper capital gains taxes are pretty much a halmark of all first world countries.  If you raise the taxes on them, you'll be KILLING the middle class whose pension funds and retirment funds are in the stock market... and really who's only gains are there.  Additionally it's worth noting that captial gains taxes like that only apply to holdings that are held greater then 1 year.   Your average "Flash" trader is being taxed on normal income.  

I don't believe Iceland actually put their bankers in jail.  Just let them fail.  As for the defense budget.  You'd never actually get near enough cuts from it.  You NEED to handle medicare, medicaid and social security.  Those are the real causes of the budget deficit... at least some military spending somewhat pays for itself.

Social Security isn't actually paid for.  You'd think it's paid for with the social security taxes but all of that social security money is already spent... replaced with special treasury bonds which are essentially nothing but an accounting trick. 

You can tell this is the case because during the debt ceiling debate Obama said the first thing that would happen when we went over the cliff is that nobody would get their social security payments. There is no big vault full of social security money that gets doled out.  There is nothing there but treasury bonds, which is exactly what all of our other debt is held in.  (well the social security treasury bonds are actually worse then your average bond but that's another thread.)

It's funny how quick policy positions on this shifted...  as it was Al Gore who used to talk about saving Social Security and stopping "politicians from raiding social security". 

All the social secrutiy trust fund holds is debt, more or less IOU's which will be the first one broken because they don't consider it a default when you screw your own people. 

Which by the way is why... once we have a balanced budget or a surplus I would try to transition us over to a sensible plan like most other coutnries, where we invest our nations pension funds in stocks and bonds.  Rather then the government just paying it out of pocket after buying IOU's from itself then spending the money on whatever they feel like.

The reason why this tends to not show up in a lot of left wing sites on the debt is leftwing people tend to not include intragovermental debt, argueing that a government can't owe itself money... which is really no consolation to the people who will lose out on social security.



Congress may spend the money, but do they spend it well, that is the question?



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spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
spaceguy said:
badgenome said:
spaceguy said:

However this is the result of bush Deregulating wall street and banks. Presidents have the power to regulate and deregulate.

Damn that George Bush for repealing Glass-Steagall!

I fully blame Clinton for that and it was also a republican congress bill that did that. President can only choose to not enforce regulations. Yes glass steagal was removed and under GOP control of congress. clinton should have vetoed the bill.

I'm guessing you haven't looked at the voting percentages for Glass Steagal.

It was a giagantic bipartisan bill that got more democratic votes for it, then the bail out of the banks got Republican votes.

 

The fact that you can't even stick to your own premise... in the thread you created is really sort of sad.


You do this all the time, So don't go calling people sad when you flop just as much. I posted a graph just for the hell of it, not to change subject. The fact of the matter is that the congress spends the money. How have I changed that. GOP Policies have been overwhelmingly in control since the 1980's and clinton was the move to the right to get back some power.

You claim to be fair then use Koch brother funded organizations to prove your points.

One being the heritage foundation. You only see dollars and not human well being.

Thats the difference between you and I. You only see profits for today, not the workers conditions, health care and home life. Thats the difference of the right, GREED!!! You don't want to pay for the Public schools, roads, water ways, police, firefighters, Massive defense to protect your business. You think it's all you and no one else. That's bullsh-t. I run a business, I also pay more than you would to my employee's and I don't forget how I got there. I didn't do it on my own, no one did.

So good for you, you lack empathy.

Well, that was a completely pointless off topic rant.  So... good show on that.

I mean, for one, the majority of the Bush era tax cuts went to the "not rich".

The difference between you and I is... I really don't have a political side I play for.

 I totally want to pay for shcools, roads, water ways, police, firefighters and defense. 

Though however not massive defense as that seems excessive... we could really afford to close down a lot of our military bases and military aid. 

While roads I think should be almost completely state funded.  More and more of our roadway burden is shifting on the federal budget and that leads to congressmen making every road deal they can think of just to get money to their state, even if it's completely worthess infrastructure like the many "roads to nowhere."

Schools.  Should be federally funded... but by done by private groups who have laws supporting full transperancy and who do student entrance by lottery if choice exceeds capacity.  Therefore better schools will keep going on and gain in prominence with their better teaching measures proving successful, and poor ones will be replaced.

Public schools should only be used as a "baseline" for areas where private schools can't really succeed, like rural montana and such.

 

 

As for the graphs i use... the difference is... i look into their methods.   As for why it might sway right wing... it's because well... economics are a rightwing dominated profession.  Right wing people just tend to be methodologically better at statistics.   It's like complaining that I cited a liberal for Sociology.  Sociology is predominantly liberal. 

I mean heck, your graph is supporting the bailout of wallstreet.  Which, usually people try and stick on to the right.  (Despite the voting record being the opposite) when in reality, the banks should of been allowed to fail, and the Tarp funds used to either strengthen banks who did the right thing, or directly help the people most effected by the problem.  

 

Oh, and as to what i would pay my employees.  I think i'd pay them pretty well.  I mean i have the job I have now mostly because I don't care about money.  Give me a couple million dollars and i'd stretch that out for life more or less.

To me, after setting up an ensured retirement, 50,000 a year would probably end up excessive based on my tastes.  I generally expect i'd set up some sort of profit sharing program after that... or just give the rest to charity.

Of course, that's what I would do.  I don't believe in forcing everybody to think and act in the same way as myself.

well in many debates we have had you don't support these idea's. So there is a lot  more common ground between you and I, than I originally thought. Yes I did go off on a rant, just as you did. Also I think you are not being realistic. Conservatives are not good with numbers. I'm sorry but that is just a joke. There are good and bad on both sides but to say there better with number is just not true. Conservatives Usaully lack education and back mythology. You got your wall st banker group on the republican side and the bat sh-t crazy I want to control womans productive organs, Yet I call myself a conservative. I'm guessing you fall in with the wall st types. So why do you agree with so much of the Tea Party?

there is a massive difference between not supporting the government being a nany state, and not wanting to help people. Everyone i know wants to help others, most just dont want the government to be doing it as they are horrible at it. A dollar is better utilized by charity than the federl government



thranx said:
spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
spaceguy said:
badgenome said:
spaceguy said:

However this is the result of bush Deregulating wall street and banks. Presidents have the power to regulate and deregulate.

Damn that George Bush for repealing Glass-Steagall!

I fully blame Clinton for that and it was also a republican congress bill that did that. President can only choose to not enforce regulations. Yes glass steagal was removed and under GOP control of congress. clinton should have vetoed the bill.

I'm guessing you haven't looked at the voting percentages for Glass Steagal.

It was a giagantic bipartisan bill that got more democratic votes for it, then the bail out of the banks got Republican votes.

 

The fact that you can't even stick to your own premise... in the thread you created is really sort of sad.


You do this all the time, So don't go calling people sad when you flop just as much. I posted a graph just for the hell of it, not to change subject. The fact of the matter is that the congress spends the money. How have I changed that. GOP Policies have been overwhelmingly in control since the 1980's and clinton was the move to the right to get back some power.

You claim to be fair then use Koch brother funded organizations to prove your points.

One being the heritage foundation. You only see dollars and not human well being.

Thats the difference between you and I. You only see profits for today, not the workers conditions, health care and home life. Thats the difference of the right, GREED!!! You don't want to pay for the Public schools, roads, water ways, police, firefighters, Massive defense to protect your business. You think it's all you and no one else. That's bullsh-t. I run a business, I also pay more than you would to my employee's and I don't forget how I got there. I didn't do it on my own, no one did.

So good for you, you lack empathy.

Well, that was a completely pointless off topic rant.  So... good show on that.

I mean, for one, the majority of the Bush era tax cuts went to the "not rich".

The difference between you and I is... I really don't have a political side I play for.

 I totally want to pay for shcools, roads, water ways, police, firefighters and defense. 

Though however not massive defense as that seems excessive... we could really afford to close down a lot of our military bases and military aid. 

While roads I think should be almost completely state funded.  More and more of our roadway burden is shifting on the federal budget and that leads to congressmen making every road deal they can think of just to get money to their state, even if it's completely worthess infrastructure like the many "roads to nowhere."

Schools.  Should be federally funded... but by done by private groups who have laws supporting full transperancy and who do student entrance by lottery if choice exceeds capacity.  Therefore better schools will keep going on and gain in prominence with their better teaching measures proving successful, and poor ones will be replaced.

Public schools should only be used as a "baseline" for areas where private schools can't really succeed, like rural montana and such.

 

 

As for the graphs i use... the difference is... i look into their methods.   As for why it might sway right wing... it's because well... economics are a rightwing dominated profession.  Right wing people just tend to be methodologically better at statistics.   It's like complaining that I cited a liberal for Sociology.  Sociology is predominantly liberal. 

I mean heck, your graph is supporting the bailout of wallstreet.  Which, usually people try and stick on to the right.  (Despite the voting record being the opposite) when in reality, the banks should of been allowed to fail, and the Tarp funds used to either strengthen banks who did the right thing, or directly help the people most effected by the problem.  

 

Oh, and as to what i would pay my employees.  I think i'd pay them pretty well.  I mean i have the job I have now mostly because I don't care about money.  Give me a couple million dollars and i'd stretch that out for life more or less.

To me, after setting up an ensured retirement, 50,000 a year would probably end up excessive based on my tastes.  I generally expect i'd set up some sort of profit sharing program after that... or just give the rest to charity.

Of course, that's what I would do.  I don't believe in forcing everybody to think and act in the same way as myself.

well in many debates we have had you don't support these idea's. So there is a lot  more common ground between you and I, than I originally thought. Yes I did go off on a rant, just as you did. Also I think you are not being realistic. Conservatives are not good with numbers. I'm sorry but that is just a joke. There are good and bad on both sides but to say there better with number is just not true. Conservatives Usaully lack education and back mythology. You got your wall st banker group on the republican side and the bat sh-t crazy I want to control womans productive organs, Yet I call myself a conservative. I'm guessing you fall in with the wall st types. So why do you agree with so much of the Tea Party?

there is a massive difference between not supporting the government being a nany state, and not wanting to help people. Everyone i know wants to help others, most just dont want the government to be doing it as they are horrible at it. A dollar is better utilized by charity than the federl government

The government can definitely have a role in this as well, but if they're going to do it, it would be better managed at the state and local level rather than by a massive (expensive) federal bureaucracy. Local governments can better differentiate between between those who genuinely need help and those who are abusing the system. I have no problem with having a safety net for people who actually need it, but we have far too many able-bodied people living their entire lives in the 'safety net'.