How do you know if you get there, if you don't know where you are going?..oh and I had 1,713 post on the "other board"..I hate being a rookie again!
Sure sounds like Matlock.
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If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
So the secret is to run up a gargantuan deficit, say like $1.2 trillion, then when it falls just a bit you can claim credit for cutting the deficit. Gotcha. Liberal logic at its finest.
BTW, any reductions in deficits under Obama have been due to record tax receipts, cuts in the military and income from the bonds the Federal Reserve has purchased over the past 4 years(about $4 trillion dollars worth) which by law comes back to the US Treasury. entitlement expenditures have exploded under Obama.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Last edited by FaninAma; 3/28/2014 at 11:04 PM.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Who signed the 2009 budget? GEORGE W. BUSH. $1.2 TRILLION DEFICIT, it is now at $514 BILLION. Cuts in the military? 2009 defense spending $821.7 billion. 2014 defense spending $842.0 billion. I don't see the spending cut, or is republican math where not getting the increase you want is a cut?
It is obvious you do not know how the fed works nor quantitative easing works. The fed buys bonds from member banks, where do you think the income went before the FED bought them? Back to the US Treasury! The are only taking them off the balance sheet of the member bank to free up money so they can lend it. The only thing QE does for the deficit is to lower interest rates so our debt is cheaper and to stimulate the economy.
Where do you get this at? Do you even look stuff up to see if its accurate?
Entitlement expenditures started to explode under Bush and are a result of your party's most recent recession.
Oh Boy we got a new toy to play with. Yall dont break him like Ya did the others
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If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
You are so f'ing wrong about all the interest on US Treasury bonds going back to the US Treasury. If you own a 10 year Treasury note do you send the interest back to the Treasury? Do you think Russia, China or Japan do? Only the interest from notes purchased by the Federal Reserve get returned to the US Treasury. Banks aren't buying and holding these bonds. They are the middle man since by statute the Fed cannot buy US Treasury bonds directly. The banks get paid a fee for selling the bonds to the Federal Reserve.
The only thing QE does is to artifically lower theinterest rate on US Treasuries so the government can keep spending like drunken sailors(with apologies to derunken sailors) while people like retired seniors on fixed incomes get hammered.
If you are going to act likle a pompous *** and lecture people about how little they know you need to have clue about what you are talking about. Geesh.
Entitlements increased under Bush but they have exploded under Obama.
So the military budget has gone up 2% over thepast 5 years or an average of 0.4% per year. Are you really going to tout that as an increase? Adjusted for inflation that is about an 8% decrease in actual dollars.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
You are just flat out wrong. Banks do not buy bonds and then turn around and give the interest back to the the Treasury. That is the stupidest assertion I have ever heard. The Federal Reserve uses the banks as middle men because they cannot buy directly from the government. They aren't "taking the bonds off the hands of the banks."
http://www.federalreserve.gov/faqs/money_12851.htm
If the Budget deficit for 2014 is going to only be 514 billion then they better start cutting some other **** because it is already 380 billion for the first 5 months of the fiscal year.
http://www.cbo.gov/publication/45174
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.