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dkf
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Tue Jan-25-11 04:33 AM Original message |
Sometime between 2030 and 2040 mandatory spending will exceed revenues. |
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Hannah Bell
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Tue Jan-25-11 04:34 AM Response to Original message |
1. bullshit |
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dkf
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Tue Jan-25-11 04:37 AM Response to Reply #1 |
2. 2007 GAO chart. |
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Hannah Bell
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Tue Jan-25-11 04:47 AM Response to Reply #2 |
4. under what conditions, dkf? this is your usual projections dressed up as certainties. |
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dkf
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Tue Jan-25-11 04:57 AM Response to Reply #4 |
9. David M. Walker (born 1951) served as United States Comptroller General from 1998 to 2008 |
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Moral_Imagination
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Tue Jan-25-11 05:02 AM Response to Reply #9 |
10. Anyone who came up with the title is grinding an axe... |
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dkf
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Tue Jan-25-11 05:09 AM Response to Reply #10 |
16. Don't focus on the later years? Seriously? |
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Moral_Imagination
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Tue Jan-25-11 05:20 AM Response to Reply #16 |
21. If you are worried about your Social Security benefits |
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Hannah Bell
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Tue Jan-25-11 05:40 AM Response to Reply #16 |
28. bullshit. btw, david m walker looks a lot like bush's cousin john walker. |
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Hannah Bell
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Tue Jan-25-11 05:39 AM Response to Reply #9 |
27. well, that tells me a lot. former CEO of the Pete peterson foundation. lol. |
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dkf
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Tue Jan-25-11 06:01 AM Response to Reply #27 |
36. He actually looks like someone who can call a spade a spade to me. |
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Hannah Bell
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Tue Jan-25-11 06:37 AM Response to Reply #36 |
51. arthur anderson? lol. do you have any clues at all? |
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Moral_Imagination
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Tue Jan-25-11 04:51 AM Response to Reply #2 |
6. The white bar is almost all military/security wasted money... |
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dkf
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Tue Jan-25-11 05:06 AM Response to Reply #6 |
13. Education, research, foodstamps, aid to foreign countries... |
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Moral_Imagination
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Tue Jan-25-11 05:10 AM Response to Reply #13 |
17. So ask the author of the chart |
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dkf
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Tue Jan-25-11 05:34 AM Response to Reply #17 |
25. It's the Government's numbers and estimations. |
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Hannah Bell
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Tue Jan-25-11 05:41 AM Response to Reply #25 |
29. it's the estimates of a gao headed by a lackey of pete peterson & the blackstone group. |
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dkf
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Tue Jan-25-11 05:44 AM Response to Reply #29 |
32. Appointed by Bill Clinton. |
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Hannah Bell
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Tue Jan-25-11 05:55 AM Response to Reply #32 |
35. ooooh, bill clinton. that famous "liberal" that gave us nafta, welfare reform, & the telecom bill. |
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dkf
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Tue Jan-25-11 06:04 AM Response to Reply #35 |
37. That balanced the budget and brought us to a surplus...yup that Bill Clinton. |
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Hannah Bell
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Tue Jan-25-11 06:07 AM Response to Reply #37 |
38. oh, bullshit. the revenue surplus came from the boom, just like the revenue deficit comes from the |
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Moral_Imagination
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Tue Jan-25-11 06:26 AM Response to Reply #37 |
45. Yes... |
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dkf
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Tue Jan-25-11 07:00 AM Response to Reply #45 |
60. Raised revenues AND cut expenses. |
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Hannah Bell
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Tue Jan-25-11 07:02 AM Response to Reply #60 |
61. tell me, what expenses did clinton cut? do you know? did the federal budget grow or shrink under |
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dkf
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Tue Jan-25-11 07:25 AM Response to Reply #61 |
66. Welfare reform, defense cuts, plain old budget agreements... Etc |
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Hannah Bell
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Tue Jan-25-11 07:26 AM Response to Reply #66 |
67. yes, how much was that welfare cut? and that defense cut? and was his budget each year |
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Hannah Bell
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Tue Jan-25-11 01:04 PM Response to Reply #67 |
92. too much work for you? canned charts from peterson peeps = the lazy option v. |
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Moral_Imagination
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Tue Jan-25-11 05:43 AM Response to Reply #25 |
30. This does not refute anything i have said. |
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Generic Other
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Tue Jan-25-11 09:09 AM Response to Reply #6 |
84. And don't foget to factor in starving current retirees |
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Moral_Imagination
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Tue Jan-25-11 04:42 AM Response to Original message |
3. Bad title.... it should read |
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dkf
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Tue Jan-25-11 04:49 AM Response to Reply #3 |
5. That is with no outlays for the military. None. Look at the chart. See how we exceed revenues? |
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Moral_Imagination
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Tue Jan-25-11 04:53 AM Response to Reply #5 |
7. I responded above... |
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melm00se
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Tue Jan-25-11 06:11 AM Response to Reply #7 |
39. evidence that if you stop military spending |
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Moral_Imagination
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Tue Jan-25-11 06:40 AM Response to Reply #39 |
53. So what would you cut oh wise one? n/t |
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Moral_Imagination
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Tue Jan-25-11 05:04 AM Response to Reply #5 |
12. No military outlays??? |
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dkf
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Tue Jan-25-11 05:12 AM Response to Reply #12 |
18. The military spending is above the revenue line. |
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Moral_Imagination
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Tue Jan-25-11 05:30 AM Response to Reply #18 |
23. Not True |
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dkf
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Tue Jan-25-11 05:43 AM Response to Reply #23 |
31. The white bar falls from 2010 to 2020. |
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Moral_Imagination
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Tue Jan-25-11 04:56 AM Response to Original message |
8. Its funny this chart is designed to cause panic |
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Skip Intro
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Tue Jan-25-11 05:02 AM Response to Original message |
11. What are the taxation rates assumed? That aside, if this is indeed accurate, and I don't buy it just |
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Moral_Imagination
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Tue Jan-25-11 05:07 AM Response to Reply #11 |
14. The revenue line on the chart |
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dkf
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Tue Jan-25-11 05:14 AM Response to Reply #11 |
19. It's from the GAO in 2007. |
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Hannah Bell
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Tue Jan-25-11 06:55 AM Response to Reply #19 |
58. no, they're not credible. point 1: their 2010 projections are 33% different. |
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dkf
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Tue Jan-25-11 07:03 AM Response to Reply #58 |
62. Are they more or less optimistic? |
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Hannah Bell
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Tue Jan-25-11 07:08 AM Response to Reply #62 |
63. the deficit they project is 33% less, and non-interest spending is only 3% |
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dkf
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Tue Jan-25-11 07:27 AM Response to Reply #63 |
68. Did you notice there IS NO interest spending? |
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Hannah Bell
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Tue Jan-25-11 07:29 AM Response to Reply #68 |
69. um, go take another look. page iii. no idea what *you're* looking at. |
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dkf
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Tue Jan-25-11 07:51 AM Response to Reply #69 |
71. I have no idea what you are comparing to the chart on page iii but if the 2010 report comforts you |
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Hannah Bell
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Tue Jan-25-11 12:54 PM Response to Reply #71 |
88. the projections are different by 1/3 in just 3 years. the charts are about a 70-year window. |
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dkf
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Tue Jan-25-11 08:28 AM Response to Reply #69 |
79. Actually you can't compare my chart to anything in the 2010 report |
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Hannah Bell
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Tue Jan-25-11 01:01 PM Response to Reply #79 |
90. it shows how much spending is projected to be uncovered by revenues & its 3%, |
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Lasher
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Tue Jan-25-11 05:07 AM Response to Original message |
15. How about the risks of extending the Bush tax cuts? |
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Moral_Imagination
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Tue Jan-25-11 05:14 AM Response to Reply #15 |
20. Correct |
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dkf
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Tue Jan-25-11 05:21 AM Response to Reply #15 |
22. Wouldn't they have assumed the lapse of the cuts in 2010? |
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Moral_Imagination
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Tue Jan-25-11 05:33 AM Response to Reply #22 |
24. No they kept the High end cuts |
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dkf
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Tue Jan-25-11 05:46 AM Response to Reply #24 |
33. How could they have assumed that in 2007? By law the cuts lapsed. |
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Moral_Imagination
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Tue Jan-25-11 06:17 AM Response to Reply #33 |
42. Why are you asking me? |
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Hannah Bell
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Tue Jan-25-11 06:31 AM Response to Reply #42 |
46. the answer is: they just assume it will. there is no particular reason except that |
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dkf
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Tue Jan-25-11 07:12 AM Response to Reply #46 |
64. Good grief they've cut out the interest expense. |
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Hannah Bell
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Tue Jan-25-11 07:21 AM Response to Reply #64 |
65. they haven't cut it out at all. you don't seem to be able to read the chart. |
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dkf
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Tue Jan-25-11 07:58 AM Response to Reply #65 |
73. Chart 7 is the equivalent of my chart but they are presenting it without interest. |
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Hannah Bell
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Tue Jan-25-11 01:02 PM Response to Reply #73 |
91. lol. |
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dkf
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Tue Jan-25-11 08:00 AM Response to Reply #65 |
74. Oops |
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Lasher
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Tue Jan-25-11 05:36 AM Response to Reply #22 |
26. Don't be afraid. |
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Hannah Bell
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Tue Jan-25-11 06:23 AM Response to Reply #22 |
43. they didn't even look at revenue. they "assumed" revenues would average 20% of gdp |
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melm00se
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Tue Jan-25-11 05:53 AM Response to Original message |
34. subject to change |
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Moral_Imagination
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Tue Jan-25-11 06:13 AM Response to Reply #34 |
41. So you wanna cut SS and Medicare |
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melm00se
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Tue Jan-25-11 09:07 AM Response to Reply #41 |
81. I will thank you not to put words in my mouth |
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Pholus
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Tue Jan-25-11 01:58 PM Response to Reply #81 |
99. As a history buff, I STRONGLY disagree with your statements about the military in WW II. |
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Pholus
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Tue Jan-25-11 02:02 PM Response to Reply #81 |
101. Followup. When we outspend our nearest rival by SEVEN to 1, are we in danger of being obsolete? nt |
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Moral_Imagination
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Tue Jan-25-11 06:35 AM Response to Reply #34 |
48. Everything you posted here |
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Hannah Bell
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Tue Jan-25-11 06:36 AM Response to Reply #34 |
49. "Our estimates suggest that a tax increase of 1% of GDP reduces output over the next three years" |
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melm00se
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Tue Jan-25-11 09:07 AM Response to Reply #49 |
83. and your doctorate in economics |
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Lasher
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Tue Jan-25-11 03:36 PM Response to Reply #83 |
103. Why don't you try to refute Hannah's point instead of attacking her? |
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Hannah Bell
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Tue Jan-25-11 07:58 PM Response to Reply #83 |
112. same place *yours* was granted from, buddy. |
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dkf
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Tue Jan-25-11 06:39 AM Response to Reply #34 |
52. What scares me more than this chart is our inability to even acknowledge the possibility of a |
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Moral_Imagination
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Tue Jan-25-11 06:43 AM Response to Reply #52 |
55. Yes if we wanna run a world empire |
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Hannah Bell
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Tue Jan-25-11 06:53 AM Response to Reply #52 |
57. because he's full of shit. In 2003 the share of federal revenues coming from income taxes was |
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melm00se
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Tue Jan-25-11 09:11 AM Response to Reply #52 |
86. ding ding ding |
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Hannah Bell
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Tue Jan-25-11 01:05 PM Response to Reply #86 |
93. "ideological mindset" = lol. |
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muriel_volestrangler
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Tue Jan-25-11 07:35 AM Response to Reply #34 |
70. But look how that same paragraph from the Romers ends: |
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sendero
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Tue Jan-25-11 06:11 AM Response to Original message |
40. If Treasury borrowing interest rates rise.. |
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Hannah Bell
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Tue Jan-25-11 06:25 AM Response to Reply #40 |
44. hardly. they assume 6% interest in this report. they've got some way to go before they hit that. |
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melm00se
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Tue Jan-25-11 06:32 AM Response to Reply #44 |
47. currently rates are low |
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Hannah Bell
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Tue Jan-25-11 06:42 AM Response to Reply #47 |
54. it's completely outlandish & arbitrary. they simply plunked in the rates |
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melm00se
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Tue Jan-25-11 08:53 AM Response to Reply #54 |
80. ok, average interest rates |
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Hannah Bell
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Tue Jan-25-11 01:08 PM Response to Reply #80 |
94. federal funds rate, 1955-present: |
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sendero
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Tue Jan-25-11 07:12 PM Response to Reply #44 |
110. You assume... |
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BzaDem
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Tue Jan-25-11 06:36 AM Response to Original message |
50. This really masks what's going on. While SS has a problem in a few decades, it is fixable by raising |
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Pholus
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Tue Jan-25-11 06:48 AM Response to Original message |
56. BADLY misleading graphic. Along with a POOR interpretation on the part of the OP. |
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Hannah Bell
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Tue Jan-25-11 06:58 AM Response to Reply #56 |
59. They lumped all government revenues together to disguise the fact |
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TBF
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Tue Jan-25-11 07:52 AM Response to Original message |
72. Unrec for right-wing bs, again, from this poster. nt |
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Earth_First
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Tue Jan-25-11 08:01 AM Response to Original message |
75. Can we please stop calling Social Security, Medicare, Pensions, et al. "entitlements"? |
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SammyWinstonJack
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Tue Jan-25-11 08:23 AM Response to Reply #75 |
78. Thank You! |
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leftstreet
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Tue Jan-25-11 01:30 PM Response to Reply #75 |
98. +1 |
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blindpig
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Tue Jan-25-11 08:01 AM Response to Original message |
76. This assumes the status quo |
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bighart
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Tue Jan-25-11 04:21 PM Response to Reply #76 |
105. While I agree with you initial statement I have very little reason |
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blindpig
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Tue Jan-25-11 04:48 PM Response to Reply #105 |
106. Over the short term you're probably right. |
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bighart
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Tue Jan-25-11 05:10 PM Response to Reply #106 |
108. I fear that by the time "the masses" realize how dire the situation is |
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blindpig
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Tue Jan-25-11 05:19 PM Response to Reply #108 |
109. It ain't gonna be pretty |
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totodeinhere
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Tue Jan-25-11 08:11 AM Response to Original message |
77. Just take a look at this thread and you will see the state of denial that many people are in. |
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Hannah Bell
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Tue Jan-25-11 01:14 PM Response to Reply #77 |
96. the gao may be, but the people in charge -- aren't. |
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Odin2005
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Tue Jan-25-11 09:07 AM Response to Original message |
82. Long term linear projections ALWAYS turn out to be bullshit. |
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jtown1123
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Tue Jan-25-11 01:29 PM Response to Reply #82 |
97. Thank you. |
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WinkyDink
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Tue Jan-25-11 09:11 AM Response to Original message |
85. Somewhere between 2030 and 2040 I'll probably croak. |
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KillCapitalism
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Tue Jan-25-11 10:06 AM Response to Original message |
87. It doesn't matter anyway. |
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EstimatedProphet
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Tue Jan-25-11 12:59 PM Response to Original message |
89. So we need to raise taxes on the top 2%. We already know this. |
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leftstreet
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Tue Jan-25-11 01:08 PM Response to Original message |
95. TAX THE RICH ! |
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inna
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Tue Jan-25-11 02:10 PM Response to Reply #95 |
102. +1,000,000 |
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SalviaBlue
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Tue Jan-25-11 02:00 PM Response to Original message |
100. Roll back the Reagan Tax Cuts - TAX THE RICH!! |
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bighart
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Tue Jan-25-11 04:15 PM Response to Original message |
104. I read yesterday the GAO is saying that there is currently $.24 of |
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Hannah Bell
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Tue Jan-25-11 08:02 PM Response to Reply #104 |
113. i read yesterday that gao said something entirely different in 2007 than in 2010, |
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xchrom
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Tue Jan-25-11 04:56 PM Response to Original message |
107. unrec for dragging a pete peterson proganda piece in here |
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Forkboy
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Tue Jan-25-11 07:14 PM Response to Original message |
111. I saw this graph not long ago. In a RW email. |
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Hannah Bell
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Tue Jan-25-11 08:03 PM Response to Reply #111 |
114. a favorite source for some du-ers. |
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JHB
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Tue Jan-25-11 08:34 PM Response to Original message |
115. Have you tried locating the equivalent projections from circa 1980? |
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neverforget
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Tue Jan-25-11 08:46 PM Response to Original message |
116. another cat food post |
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