2old2change
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That OK guys. I just consider the source. Alls good. Peace out.
rops:The Cliff
- Thread starter BobbyG
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That OK guys. I just consider the source. Alls good. Peace out.
rops:
ScottB
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- Mar 3, 2006
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Doesn't it need two of three approvals, and likely a Democratic President will approve. Congress, Senate, or President as I remember. (dont stone me if I am wrong, I havent studied politics in years)
rops:
bulldog shine
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BobbyG
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Doesn't it need two of three approvals, and likely a Democratic President will approve. Congress, Senate, or President as I remember. (dont stone me if I am wrong, I havent studied politics in years)
I think read stoning is forbidden by forum rules, but I wouldn't anyway.....:laughing:
To tell you the truth Scott I'm not certain. With some research you probable could find something on it.
I read a lot to catch the headlines at a high level but as far as exacting rules I'm no were near close enough to be an authority....Just an innocent bystander on the sidelines....
2old2change
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:iagree:The links provided were budget proposals. The Senate and House shot Obama's budget down almost unanimously. But remember we can only blame ourselves for continuously voting these bums back into office.
2old2change
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With the state of affairs I find it sad.
bulldog shine
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This is Congressional Math
[ame="http://http://www.youtube.com/watch?v=f7pMYHn-1yA"]http://http://www.youtube.com/watch?v=f7pMYHn-1yA[/video]
[ame="http://http://www.youtube.com/watch?v=f7pMYHn-1yA"]http://http://www.youtube.com/watch?v=f7pMYHn-1yA[/video]
State of Affiars is sad, but the thread comments are fun.
bulldog shine
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Or is this the way Congress does math?
[ame="http://http://www.youtube.com/watch?v=Lo4NCXOX0p8"]http://http://www.youtube.com/watch?v=Lo4NCXOX0p8[/video]
[ame="http://http://www.youtube.com/watch?v=Lo4NCXOX0p8"]http://http://www.youtube.com/watch?v=Lo4NCXOX0p8[/video]
cpmatthew
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- Jun 29, 2012
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Doesn't it need two of three approvals, and likely a Democratic President will approve. Congress, Senate, or President as I remember. (dont stone me if I am wrong, I havent studied politics in years)
Any law requires all three "approvals." Voted by the house and senate and signed into law by the president.
Shortspark
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- Jun 14, 2012
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As far as I know, only the House can appropriate tax money, ie, if tax money is spent by the government, the House has to approve it.
BobbyG
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It's now official, thank you everyone...
If I understand some of this it appear that the senate and congress have approved the following:
Tax Increase - $650,000,000,000
Spending Cut - $50,000,000,000
I think this brings our deficit to $21,000,000,000,000.....That's Trillion with a T........:nomore:
Look at all the zero's!!
If I understand some of this it appear that the senate and congress have approved the following:
Tax Increase - $650,000,000,000
Spending Cut - $50,000,000,000
I think this brings our deficit to $21,000,000,000,000.....That's Trillion with a T........:nomore:
Look at all the zero's!!
y8s
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- Sep 12, 2012
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It's now official, thank you everyone...
These two didn't invent social security, the military, or even the affordable care act. They are just trying to find some spare change in the budget to keep the people who like those things happy.
Setec Astronomy
Well-known member
- Aug 31, 2010
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This is all a load of BS...the combination of increased revenue and reduced spending voted for amounts to $70 or 80 billion a year...even if the budget was balanced, it would take us 200 years just to pay back the principal on the debt. Balancing the budget and paying down the debt is going to require tax increases on everyone and some severe spending cuts, but that's what happens when you run an unbalanced budget for most of the last 50 years and cut taxes for most of the last 30.
The reason we can't get our economy going isn't because of taxes or spending, it's because we don't make anything here. If consumers want to spend, it's all on stuff that's made in other countries, and that's where the money is going (along with a little bit to the distributors and a bunch of money to the fat-cat CEO's here). We've deluded ourselves for the last 15 years that our economy was OK because we created a housing bubble that wasn't sustainable.
You figure it out, go to any store and look at what you buy, it comes from somewhere else, and it doesn't really matter what kind of store, go to the supermarket this time of year, and look at where most of the produce is from, the fish, the orange juice. Once upon a time any shopping trip was putting dollars mostly into the pockets of American workers and companies, now it's mostly the other way around. Even the stuff for the housing bubble wound up being outsourced...imported sheetrock, imported plumbing fixtures, imported pipe, wire, electricals etc.
If you look at this Wikipedia Balance of Trade you can see that we import over $500 billion more than we export. Think what a shot in the arm that would be if we actually were putting an extra half a trillion dollars into our economy every year, if we had nominally balanced trade like we did a long time ago.
And I'm sorry the financial industry...isn't...you can't be an "industry" unless you make something, and the only thing they make is money for themselves by pushing around other people's.
The reason we can't get our economy going isn't because of taxes or spending, it's because we don't make anything here. If consumers want to spend, it's all on stuff that's made in other countries, and that's where the money is going (along with a little bit to the distributors and a bunch of money to the fat-cat CEO's here). We've deluded ourselves for the last 15 years that our economy was OK because we created a housing bubble that wasn't sustainable.
You figure it out, go to any store and look at what you buy, it comes from somewhere else, and it doesn't really matter what kind of store, go to the supermarket this time of year, and look at where most of the produce is from, the fish, the orange juice. Once upon a time any shopping trip was putting dollars mostly into the pockets of American workers and companies, now it's mostly the other way around. Even the stuff for the housing bubble wound up being outsourced...imported sheetrock, imported plumbing fixtures, imported pipe, wire, electricals etc.
If you look at this Wikipedia Balance of Trade you can see that we import over $500 billion more than we export. Think what a shot in the arm that would be if we actually were putting an extra half a trillion dollars into our economy every year, if we had nominally balanced trade like we did a long time ago.
And I'm sorry the financial industry...isn't...you can't be an "industry" unless you make something, and the only thing they make is money for themselves by pushing around other people's.
bulldog shine
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- Jun 20, 2009
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It's now official, thank you everyone...
If I understand some of this it appear that the senate and congress have approved the following:
Tax Increase - $650,000,000,000
Spending Cut - $50,000,000,000
I think this brings our deficit to $21,000,000,000,000.....That's Trillion with a T........:nomore:
Look at all the zero's!!
Just think how many supplies and corvettes you could buy with that kind of money, Bobby.
Y2KSVT
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- Jul 27, 2010
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What kind of industry is the government? What do they produce in return for the revenue they do receive?
What makes you think that giving them more revenue will at all go towards the deficit? History shows that government loves to spend money, and spend it they will do. Everyone wants their cut, be it SS recipients, Medicare recipients, government employees and their pensions, special interest groups, and the list goes on and continues to grow. When there is no discretion in spending, demand will always be infinite. One of two things can happen; these politicians can grow a spine and actually make some significant cuts (and NOT to proposed budget INCREASES), which will wean people off of the sense of entitlement, or we can wait until the cold turkey comes and cuts everyone off out of complete necessity. There will come a time when the Federal Reserve won't be able to print any more money and there will be a huge shock to the American people. But hey, lets blame big corporations, regardless of how they became "big", along with their CEOs, because the government hasn't had a hand in any of this. Pleeeeease. One day we're all going to have to wake up, and believe me, if we wait too long, the coffee ain't gonna smell that great.
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