FNS: Geithner Unable To Defend Obama's Spending Record

[spec24]

Yumiireyna you're an absolute, complete idiot. No wonder shitheads like Geithner are where they are. Total retards like you elect total retards like Obama.

[CapnHorrible]

Leftard

[yumiireyna00]

Shit, people, just let the rich just keep what they earn. Who gives a shit about those poor people they crush. It's not their fault most of them were born rich and started at their daddy's company as VP of something. After all, we all know this country was founded by rich men with well-to-do family business.

[STEEEVVYZ]

American people understand that the wealthiest people in this country are becoming wealthier while their effective tax rates in recent years have declined to the lowest level in history. They know that large multi-national corporations and Wall Street firms are earning billions in profits in some cases, paying nothing in taxes. They know that military spending has nearly tripled since 1997 and that the wars in Iraq and Afghanistan drag on and on and on - at great expense to our taxpayers.

[STEEEVVYZ]

end the wars ...let bush tax cuts expire...bush tax cuts largest driver of the deficit that the republicants claim to care about...

[TheNotoriousGamer]

@STEEEVVYZ Actually they aren't. What is driving the deficit is spending more than you have. This year alone the budget will create a 1.5 trillion dollar deficit. Even if you got rid of the tax cuts, that would only give you an extra 200 billion a year. Stop spending and taking the wealth away from people who earn it. You are jealous of the billionaire's so you want to screw them with tax increases. They don't get richer by sitting on there ass all day.

[ianianoo]

@TheNotoriousGamer

The cost of the bush tax cuts was $1.8 trillion. That's a lot more than $200 billion.

[TheNotoriousGamer]

@ianianoo That's over 10 years, not yearly. The Bush tax cuts cost use around 150-200 billion a year in theory. For getting rid of Bush tax cuts for the rich would only pull in 80 billion a year compared to our 1.2 trillion yearly deficit. We need 12 Trillion in cuts to break even over 10 years.

[ianianoo]

@TheNotoriousGamer

In theory it may be $150 to $200 billion per year, but in mathematical fact it is $225 billion per year. Which is still a lot more than $80 per year. If you add that $225 billion per year to the $400 billion per year saved from ending the wars (Cost of War, Brown University.), you get a 52.1% reduction in the yearly deficit.

[Shleeshtak]

@STEEEVVYZ Sadly both wars costed 1.4 trillion, over 10 years which is about 11 billion a month, yet after the 1.6 trillion per year in annual Obama deficits and subtracting the war costs you still have a 1.47 trillion per year in deficit spending. And the tax cuts amounted to nothing in comparison to this HUGE deficit. Lets not forget that revenue generated to the fed government was record high under Bush. Sorry try again

[STEEEVVYZ]

American people understand that the wealthiest people in this country are becoming wealthier while their effective tax rates in recent years have declined to the lowest level in history. They know that large multi-national corporations and Wall Street firms are earning billions in profits in some cases, paying nothing in taxes. They know that military spending has nearly tripled since 1997 and that the wars in Iraq and Afghanistan drag on and on and on - at great expense to our taxpayers.

[nsu1997]

@STEEEVVYZ So what's your solution to the wealth imbalance? Have the heavy hand of the federal gov't swoop down and seize the assets of those people you deem to be too wealthy, and give it to those who have not earned it? The top 1% of income earners already pays 40% of the federal taxes while the bottom 50% pay nothing. That's not "fair" enough?

Fact is, the rich keep getting richer because they keep doing the things that make them rich. Same for the poor.

[STEEEVVYZ]

some in Congress continue to press for steep cuts in programs for working families. Social Security, Medicare and Medicaid remain in jeopardy. Poll after poll shows that the American people want Congress to focus on job creation and that they want deficit reduction to be done in a way which is fair.

[STEEEVVYZ]

If cutting taxes for the rich helped to improve the economy we would be experiencing an economic boom right now. We are currently trying what Republicans keep arguing for and IT IS NOT WORKING. Not only that, it's actually proven to be very detrimental to the United States. What do people not understanding about that?

[mdbones008]

@STEEEVVYZ - on the contrary, if government spending actually stimulated the economy, we'd be experiencing an economic boom right now.

[STEEEVVYZ]

@mdbones008 actually we would be in full blown depression if it wasnt for the stimulis,,he problem is it wasnt big enough...if it wasnt for goverment spending on roads and infrastructure the private market uses to make its money would not be possible....without the us govt youd be sucking a rotten commie potato...(red forman)

[mdbones008]

@STEEEVVYZ - So, since I oppose the bizarrely wasteful and corrupt profligacy of the Obama admin, I must also oppose all spending for "roads and infrastructure"? Silly liberal!

But, whatever, the issue at hand is the miserable failure of the stimulus. We're about to be crushed under a mountain of debt and your solution, of course, is to wildly ramp up spending. Brilliant! I think Obama might appoint you as a new czar - unless you've been silly enough to actually pay your taxes.

[mdbones008]

@STEEEVVYZ - stimulus spending is like filling a swimming pool by bailing water from the deep end and dumping it into the shallow end. Government isn't sitting on a mountain of money - they have to borrow, tax, or print every dollar they use to "stimulate". So they first have to take the money out of the economy in order to put it back in as stimulus. So, just like when Obama and the libs say "revenue" they mean "taxes", when they say "stimulus" they actually just mean "government waste".

[wishladya]

What an asshole!

[classic7890]

Turbo tax Timmy the useful idiot. . . Your messiah presented no detailed written plan Timmy, PERIOD. . . What sill the Democrats cut , how much and when with NO new taxes or revenue enhancements ?. . Answer: They can`t. To lock in Statist Totalitarian Govt. they need MASSIVE " revenue" enhancements now with the never fulfilled promise of "cuts" 10 years down the line. . . Fooled Reagan once with BS like that. GOP/RINOS gonna get suckered again ? .

[MrOne4truth]

Timmy the tax cheat