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What The republicans Cost Us... - 10/20/2013 10:04:07 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		The republican party seems to be in denial/bomb-shelter mode lately....


I mean who would want to be ridiculed in public after their extortion/anarchy strategy blew up in their faces...?


No matter....patriots and regular Americans can tally the damage to our economy,in jobs and capital as well as the needlessly wasted tax dollars,


http://swampland.time.com/2013/10/17/heres-what-the-government-shutdown-cost-the-economy/


$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."


24 Billion....


Imagine if the republicanarchists had pushed the shutdown another month and past the default date?


48 Billion?


Or 50 Billion or more ?


Please share the shutdown stories and articles you`ve seen or your thoughts.



~~~~~~~~~~~~~~~~~~~~~


"Shutdown Will Cost U.S. Economy $300 Million a Day, IHS Says"


http://www.bloomberg.com/news/2013-10-01/shutdown-would-cost-u-s-economy-300-million-a-day-ihs-says.html

< Message edited by Owner59 -- 10/20/2013 10:05:34 AM >

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"As for our common defense, we reject as false the choice between our safety and our ideals"

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RE: What The republicans Cost Us... - 10/20/2013 10:26:34 AM   
subrob1967


Posts: 4591
Joined: 9/13/2004
Status: offline 		Since when do you care how much government spends, or wastes? Obama probably spent more than that on vacations and rounds of golf for him and his family.


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(in reply to Owner59)
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RE: What The republicans Cost Us... - 10/20/2013 10:28:37 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Right..... the phony vacation outrage....



I did mention the right was in denial...didn`t I?

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: What The republicans Cost Us... - 10/20/2013 10:30:36 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		And aren`t the rightists the ones who make a living claiming the government wastes our tax dollars.....



Another rightist myth destroyed last week.....

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to Owner59)
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RE: What The republicans Cost Us... - 10/20/2013 6:43:57 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
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quote:

ORIGINAL: subrob1967
Obama probably spent more than that on vacations and rounds of golf for him and his family.

Got some figures demonstrating that the Kenyan has blown 24 billion on vacations and golf since 2008?

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I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to subrob1967)
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RE: What The republicans Cost Us... - 10/21/2013 6:27:50 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
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quote:

ORIGINAL: Owner59
$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."
"Shutdown Will Cost U.S. Economy $300 Million a Day, IHS Says"
http://www.bloomberg.com/news/2013-10-01/shutdown-would-cost-u-s-economy-300-million-a-day-ihs-says.html


    quote:

    “Government spending touches every aspect of the economy, and disruption of spending, more than the direct loss of income, threatens to damage investor and business confidence in ways that can seriously harm economic growth,” LeBas said yesterday in an interview.


I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.



_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

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RE: What The republicans Cost Us... - 10/21/2013 6:51:42 AM   
DarkSteven


Posts: 28072
Joined: 5/2/2008
Status: offline 		OP, you seem to think that there is "a GOP". I disagree.

IMO, the GOP is currently split in two distinct factions. The moderates will blame the rightists for the shutdown and its attendant costs. The rightists will argue that the cost is trivial compared to the entire budget (as subrob did above) and/or that the failure was due to the moderates wimping out.

_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

Quit fretting. We men love you."

(in reply to DesideriScuri)
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RE: What The republicans Cost Us... - 10/21/2013 8:31:26 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline
quote:

ORIGINAL: DarkSteven

OP, you seem to think that there is "a GOP". I disagree.

IMO, the GOP is currently split in two distinct factions. The moderates will blame the rightists for the shutdown and its attendant costs. The rightists will argue that the cost is trivial compared to the entire budget (as subrob did above) and/or that the failure was due to the moderates wimping out.



True, but when we hear deafening silence from the "moderates" in the republican party, one can correcting regard them as one in the same .....


Same with non elected republican civilians on here on the boards......I never hear our so called republican moderates criticizing their party`s bad faith acts or the tea-bageria leading them....


Just usually chiming in with them.....




_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to DarkSteven)
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RE: What The republicans Cost Us... - 10/21/2013 11:48:51 AM   
papassion


Posts: 487
Joined: 3/28/2012
Status: offline 		The question should be how much the Democrats are going to cost us when the system crashes from overspending.

(in reply to Owner59)
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RE: What The republicans Cost Us... - 10/21/2013 11:59:50 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: papassion
The question should be how much the Democrats are going to cost us when the system crashes from overspending.


I agree with most of this question. I would much rather see the word "Democrats" changed to "politicians."

That would be much more accurate.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to papassion)
Profile   Post #: 10
RE: What The republicans Cost Us... - 10/21/2013 12:02:45 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.

(in reply to DesideriScuri)
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RE: What The republicans Cost Us... - 10/21/2013 12:35:27 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: DarkSteven

OP, you seem to think that there is "a GOP". I disagree.

IMO, the GOP is currently split in two distinct factions. The moderates will blame the rightists for the shutdown and its attendant costs. The rightists will argue that the cost is trivial compared to the entire budget (as subrob did above) and/or that the failure was due to the moderates wimping out.

A fair point, Steven, but if the GOP can't be bothered to bring the lunatic fringe of the party to heel, then the spineless alleged moderates who let them run wild need to learn to deal with getting tarred with the same brush.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to DarkSteven)
Profile   Post #: 12
RE: What The republicans Cost Us... - 10/21/2013 1:13:40 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.




Looks like we're already there, Ken (receipt-wise).

Who is calling for massive cuts in Federal spending in one year? 5 years?

http://www.foxnews.com/politics/2013/08/07/hill-republicans-revive-penny-plan-as-sequester-alternative-to-balance-budget/

Cut 1% of every dollar spent and the budget is balanced within 2 years, or so the backers say. While I doubt it would be balanced in 2 years, it's a real change from what we're doing. "Sequester" was a reduction in spending increases, not spending reductions. This would be actual spending reductions (that is, spending fewer dollars). I read somewhere that simply stopping the increases (no cuts, just no increases) would balance the budget within 5 or 6 years.

If we cap spending at the $3.68T estimate for 2013, we'll have an estimated surplus of $75.6B in 2017.

That would require a $560B cut in estimated spending increases, but not reduction in spending.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 13
RE: What The republicans Cost Us... - 10/21/2013 4:05:44 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: papassion

The question should be how much the Democrats are going to cost us when the system crashes from overspending.

That is one you will need to see the nutsackers about because they are and have been the ones doing it.

_____________________________

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RE: What The republicans Cost Us... - 10/21/2013 4:45:47 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.

Looks like we're already there, Ken (receipt-wise).

Not really. Where the tax receipts come from matters as well.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205

quote:

Who is calling for massive cuts in Federal spending in one year? 5 years?

You did.

(in reply to DesideriScuri)
Profile   Post #: 15
RE: What The republicans Cost Us... - 10/21/2013 6:28:55 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.

Looks like we're already there, Ken (receipt-wise).

Not really. Where the tax receipts come from matters as well.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205


LMMFAO!!! I think I hear dance music in the background...

What difference does it make where the money is coming from? Increased revenue is increased revenue, isn't it?

quote:

quote:

Who is calling for massive cuts in Federal spending in one year? 5 years?

You did.


Where?




_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 16
RE: What The republicans Cost Us... - 10/21/2013 7:09:04 PM   
DarkSteven


Posts: 28072
Joined: 5/2/2008
Status: offline
quote:

ORIGINAL: Moonhead


quote:

ORIGINAL: DarkSteven

OP, you seem to think that there is "a GOP". I disagree.

IMO, the GOP is currently split in two distinct factions. The moderates will blame the rightists for the shutdown and its attendant costs. The rightists will argue that the cost is trivial compared to the entire budget (as subrob did above) and/or that the failure was due to the moderates wimping out.

A fair point, Steven, but if the GOP can't be bothered to bring the lunatic fringe of the party to heel, then the spineless alleged moderates who let them run wild need to learn to deal with getting tarred with the same brush.


1. Boehner is a weak man. Considering the men (and Pelosi) that he followed, remarkably so.
2. The RNC and DNC traditionally controlled their members through campaign funding. The Tea Partiers have their own funding sources, unaffiliated with the RNC.


_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

Quit fretting. We men love you."

(in reply to Moonhead)
Profile   Post #: 17
RE: What The republicans Cost Us... - 10/21/2013 7:12:09 PM   
DsBound


Posts: 268
Joined: 9/13/2004
Status: offline 		If the shutdown was 24 billion... what was the other 300+ billion in one day for? The Growth Government Party is out of control and its basically a free for all.

(in reply to DesideriScuri)
Profile   Post #: 18
RE: What The republicans Cost Us... - 10/21/2013 8:42:11 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.

Looks like we're already there, Ken (receipt-wise).

Not really. Where the tax receipts come from matters as well.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205


LMMFAO!!! I think I hear dance music in the background...

What difference does it make where the money is coming from? Increased revenue is increased revenue, isn't it?

No, it isn't. If the revenue comes out of the pockets of people who would have spent it anyway it is no net increase of economic activity. However if it comes from people or corporations that would have not put it back in to the economy then it does increase economic activity.

quote:

quote:

quote:

Who is calling for massive cuts in Federal spending in one year? 5 years?

You did.


Where?

http://www.collarchat.com/fb.asp?m=4570623

(in reply to DesideriScuri)
Profile   Post #: 19
RE: What The republicans Cost Us... - 10/21/2013 9:16:39 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
I don't disagree with this statement (from your link I included in quoting your post). What is disappointing, is that it's being used as rationale for why government spending should continue. My bigger concern is that our economy is that dependent on government spending. If the economic reduction due to reduced government spending is going to be the rationale for not reducing government spending, how the hell do we reduce government spending? It's not possible.

First we increase revenue back to a known sustainable level, pre Reagan works for me but pre Kennedy is fine as well. Then we gradually cut spending till we reach balance. That would be much less disruptive than simply cutting government spending by some large amount in a single day.

Looks like we're already there, Ken (receipt-wise).

Not really. Where the tax receipts come from matters as well.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205

LMMFAO!!! I think I hear dance music in the background...
What difference does it make where the money is coming from? Increased revenue is increased revenue, isn't it?

No, it isn't. If the revenue comes out of the pockets of people who would have spent it anyway it is no net increase of economic activity. However if it comes from people or corporations that would have not put it back in to the economy then it does increase economic activity.


Corporations don't put money back into the economy?!? How the fuck do you get that? Isn't the point of a corporation to actually, produce something of value? And, what you're not noticing, is that individual tax returns, as a %GDP, dropped, so individuals are keeping more of their money.

Neat thing about the Bush Tax Cuts is that the % of Federal income tax revenues paid by "the rich," increased. The number of taxpayers not having a Federal tax burden increased, too. Odd, those damn tax cuts!

quote:

quote:

quote:

quote:

Who is calling for massive cuts in Federal spending in one year? 5 years?

You did.

Where?

http://www.collarchat.com/fb.asp?m=4570623


How is that calling for massive cuts in Federal spending?!? LMAO!


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 20
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