How does DOUBLING everyone's tax sound?
- Thread starter Dixie - In Memoriam
- Start date
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<-- sched 2, MJ sched 1
what has happened.....
liberals like dunceler only like debt when a liberal puts the country in it.....
PostmodernProphet
fully immersed in faith..
or, just looking at deficits....
FUCK THE POLICE
911 EVERY DAY
Recession.
FUCK THE POLICE
911 EVERY DAY
Being 2/3 of something = paling in comparison. Error: function does not computer. Try something true.
FUCK THE POLICE
911 EVERY DAY
FUCK THE POLICE
911 EVERY DAY
i say we double only registered democrats taxes
I say that once we have justly cleansed the Earth of the conservative virus, we nationalize their property and sell it off. We will be a much stronger country without the conservative animals dragging us down, and will have no debt.
Dixie - In Memoriam
New member
From the article in the OP... since no one seems to be actually READING it at the link provided:
Government spending has increased by $5,000 per household since 2008, and nearly $10,000 per household over the past decade. Yet there is no free lunch: If spending is not reined in, then eventually taxes must also rise by $10,000 per household.
Washington will spend this $32,137 per household as follows (all numbers adjusted for inflation): Social Security/Medicare: $10,458. The 15.3 percent payroll tax, split evenly between the employer and employee, covers most of Social Security's and some of Medicare's costs. This system can remain sustainable only if there are enough workers to support all retirees, which is why it risks collapsing under the weight of 77 million retiring baby boomers. Unless these programs are reformed, paying all promised benefits would eventually require doubling all income tax rates.
Defense: $6,465. The defense budget covers eerything from military paychecks, to operations in Iraq and Afghanistan, to the research, development and acquisition of new technologies and equipment. Lawmakers drastically reduced defense spending following the collapse of communism in the early 1990s. The 9/11 attacks reversed this trend, and the $2,800 per household increase since 2000 has returned defense spending closer to its historical levels (but still lower than during previous wars). Anti-poverty programs: $5,374. Nearly half of this spending subsidizes state Medicaid programs that provide health services to poor families.
Other low-income spending includes: Temporary Assistance for Needy Families, food stamps, housing subsidies, child-care subsidies, Supplemental Security Income and low-income tax credits. President George W. Bush increased anti-poverty spending to record levels, and it has grown an additional 29 percent since the end of 2008 under President Barack Obama.
Interest on the federal debt: $1,739. The federal government is $14 trillion in debt. It owes $10 trillion to public bond owners, and the rest to other federal agencies (mostly to repay the Social Security trust fund, which lawmakers raided annually before the program fell into permanent deficit last year). Record-low interest rates have recently held down these costs. However, the national debt is set to double by 2020, which will combine with higher interest rates to raise annual interest costs to nearly $6,000 per household.
Veterans' benefits: $1,190. The federal government provides income and health benefits to war veterans. Spending has leaped 147 percent over the past decade.
Unemployment benefits: $1,135. Unemployment costs have nearly tripled since the recession began.
Education: $698. Education spending is primarily a state and local function; 9 percent of the total comes from Washington. The federal education budget has jumped 83 percent since 2000. Most federal dollars are spent on low-income school districts, special education and college student financial aid.
Health research/regulation: $552. This spending is up 56 percent over the decade, and much of this growth is concentrated in the National Institute of Health. The category also includes the Food and Drug Administration and dozens of grant programs for health providers. Highways/mass transit: $522. Most highway and mass-transit spending is financed by the 18.4 cent per-gallon federal gas tax. Washington subtracts an administrative cost and sends this money back to the states with numerous strings attached. Justice administration: $510. Justice spending includes federal attorneys and prisons, as well as law-enforcement grant programs. New homeland security costs have added $100 per household to justice spending.
The programs listed above cover $28,643 per household. The remaining $3,494 is allocated to all other federal programs, including international affairs, natural resources, the environment, regional development, farm subsidies, social services, space exploration, air transportation and energy.
Taxpayers - and the next generation that will be paying nearly half of the bill - must decide for themselves if they're getting their money's worth.
Government spending has increased by $5,000 per household since 2008, and nearly $10,000 per household over the past decade. Yet there is no free lunch: If spending is not reined in, then eventually taxes must also rise by $10,000 per household.
Washington will spend this $32,137 per household as follows (all numbers adjusted for inflation): Social Security/Medicare: $10,458. The 15.3 percent payroll tax, split evenly between the employer and employee, covers most of Social Security's and some of Medicare's costs. This system can remain sustainable only if there are enough workers to support all retirees, which is why it risks collapsing under the weight of 77 million retiring baby boomers. Unless these programs are reformed, paying all promised benefits would eventually require doubling all income tax rates.
Defense: $6,465. The defense budget covers eerything from military paychecks, to operations in Iraq and Afghanistan, to the research, development and acquisition of new technologies and equipment. Lawmakers drastically reduced defense spending following the collapse of communism in the early 1990s. The 9/11 attacks reversed this trend, and the $2,800 per household increase since 2000 has returned defense spending closer to its historical levels (but still lower than during previous wars). Anti-poverty programs: $5,374. Nearly half of this spending subsidizes state Medicaid programs that provide health services to poor families.
Other low-income spending includes: Temporary Assistance for Needy Families, food stamps, housing subsidies, child-care subsidies, Supplemental Security Income and low-income tax credits. President George W. Bush increased anti-poverty spending to record levels, and it has grown an additional 29 percent since the end of 2008 under President Barack Obama.
Interest on the federal debt: $1,739. The federal government is $14 trillion in debt. It owes $10 trillion to public bond owners, and the rest to other federal agencies (mostly to repay the Social Security trust fund, which lawmakers raided annually before the program fell into permanent deficit last year). Record-low interest rates have recently held down these costs. However, the national debt is set to double by 2020, which will combine with higher interest rates to raise annual interest costs to nearly $6,000 per household.
Veterans' benefits: $1,190. The federal government provides income and health benefits to war veterans. Spending has leaped 147 percent over the past decade.
Unemployment benefits: $1,135. Unemployment costs have nearly tripled since the recession began.
Education: $698. Education spending is primarily a state and local function; 9 percent of the total comes from Washington. The federal education budget has jumped 83 percent since 2000. Most federal dollars are spent on low-income school districts, special education and college student financial aid.
Health research/regulation: $552. This spending is up 56 percent over the decade, and much of this growth is concentrated in the National Institute of Health. The category also includes the Food and Drug Administration and dozens of grant programs for health providers. Highways/mass transit: $522. Most highway and mass-transit spending is financed by the 18.4 cent per-gallon federal gas tax. Washington subtracts an administrative cost and sends this money back to the states with numerous strings attached. Justice administration: $510. Justice spending includes federal attorneys and prisons, as well as law-enforcement grant programs. New homeland security costs have added $100 per household to justice spending.
The programs listed above cover $28,643 per household. The remaining $3,494 is allocated to all other federal programs, including international affairs, natural resources, the environment, regional development, farm subsidies, social services, space exploration, air transportation and energy.
Taxpayers - and the next generation that will be paying nearly half of the bill - must decide for themselves if they're getting their money's worth.
FUCK THE POLICE
911 EVERY DAY
Cut SS receipts by 5%. I've just solved the SS crisis.
Medicare growth is a symptom of growing costs in the market in general, and it can only be cut by letting old people die. Directly cutting spending on medicare (or abolishing) isn't attacking the problem as it appears to society at large.
Dixie - In Memoriam
New member
Sorry dude, you are on ignore, can't see what you are yammering about, but I am certain it ain't worth my time.
PostmodernProphet
fully immersed in faith..
lol.....nice graph....but I didn't know Bush was still president in 2010........
Nice misinterpretation. Do math much?
what has happened.....
Was that supposed to contradict what I said?
I don't like debt under any political philosophy. Where did I say I did?
You're really dumb.
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The Almighty
The debt was about $10.0-10.6 trillion at the end of Bush's term. The numbers vary based on how you show the numbers. Most people will attribute debt as far as what the President presided over and historically it is done by fiscal budget years. Meaning Bush was responsible for the debt for budget years 2002-2009. The reason for the variance is the 'stimulus' money enacted under Obama in early 2009. Normally this doesn't happen. Thus, you cannot really attribute that to Bush, but at the same time if you want to show numbers in a consistent manner, you do attribute that to Bush. Hence the variance. Bottom line, Onceler was not wrong based on how we normally attribute the numbers to Presidents.
I was actually using the Hertiage foundation #, which I thought appropriate given the OP...
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The Almighty
the explanation was more for the others on the board than for you.... most groups like Heritage are going to stick to the traditional methods.
Right, so much so they actually attribute the over $800 B (linkhere) for the Stimulus to Bush without regard to which Administration actually proposed and passed it.
It's good to be consistent, but it is better to be able to understand the limitations of the method before quoting it.
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The Almighty
I agree, just wanted to post why people were seeing two different numbers.
PostmodernProphet
fully immersed in faith..
yep.....2000 + 4, 2004 + 4, 2008 + 4.....
the misrepresentation is in the graph.....no vertical line showing Obama's administration.....