7 Birthers Speaking At The Republican Convention

[The Nature Boy 4,224]

Yes, there was no depression, we are not shedding hundreds of thousands of jobs every month anymore, we have started to lay the foundation for a new energy economy. We still have a viable auto industry. Manufacturing is actually growing once more. We've reduced our dependence on foreign oil. Health care reform has taken a first step. I see significant infrastructure work in Tampa Bay thanks to the stimulus. Aside from my home losing significantly in value (something that's not attributable to this administration), I have personally done very well over the last four years. Obama made mistakes. The biggest mistake in my opinion was not grabbing on to the Simpson-Bowles commission recommendations and making those a centerpiece of his fiscal policy. Big opportunity missed on that one. Aside from that, he's made the best out of what he was handed.

I got as far as Obama is great because there was no depression. LOL

[Mr. Big Dog 10,747]

I got as far as Obama is great because there was no depression. LOL

Was there one and I missed it somehow?

[Pooky 3,784]

Is that so? I understand what Democrats are running on.

But you can't relate it in any understandable way, because if you can, Tim Geithner has a job for you.

[Mr. Big Dog 10,747]

But you can't relate it in any understandable way, because if you can, Tim Geithner has a job for you.

Ah, we're playing gotcha. I see. It's actually quite simple to draw the differences out. You can do it if you try.

[Pooky 3,784]

Ah, we're playing gotcha. I see. It's actually quite simple to draw the differences out. You can do it if you try.

But the thing is ... you can't.

As Geithner said about the financial mess, they don't have a solution, they just know that they don't like the Ryan budget plan.

[Gary and Alla 3,694]

Janine Turner is HOT!

[Mr. Big Dog 10,747]

But the thing is ... you can't.

Sure I can.

[Pooky 3,784]

Sure I can.

If the current Treasury Secretary can't explain it, I'm pretty sure that you can't either.

[Mr. Big Dog 10,747]

If the current Treasury Secretary can't explain it, I'm pretty sure that you can't either.

The easiest way to balance the budget is to do nothing at all. That will balance the budget faster than anything else. As for Obama, he's submitted a budget plan for FY 2013 which the CBO has scored and which would match revenues and outlays less interest on the debt by 2018. That's the proposal. The other side has a proposal to balance the budget in 30 years and that only if we get to reach and maintain an unemployment rate of less than 2.5% and annual growth which the industrialized world hasn't seen in decades. The trickle down fairy will bring us all of that, they say. I've heard that before and the trickle down fairy wasn't very nice to this country. I'd rather not bring her back.

Edited August 25, 2012 by Mr. Big Dog

[Pooky 3,784]

The easiest way to balance the budget is to do nothing at all. That will balance the budget faster than anything else.

You're funny

And you still can't explain the current President's economic policy going forward.

[I AM NOT THAT GUY 5,715]

The easiest way to balance the budget is to do nothing at all. That will balance the budget faster than anything else.

How do you figure? Unless you think America is headed for record growth over the next eight years, the debt will double by 2020 if current law is unchanged and all revenues will go just to pay entitlements and interest

[Mr. Big Dog 10,747]

How do you figure? Unless you think America is headed for record growth over the next eight years, the debt will double by 2020 if current law is unchanged and all revenues will go just to pay entitlements and interest.

The do-nothing plan: now worth $7.1 trillion

In the past, I’ve talked about the “do-nothing plan” for deficit reduction: Congress heads home to spend more time with their campaign contributors, and the Bush tax cuts automatically expire, the 1997 Balanced Budget Act’s scheduled Medicare cuts kick in, the Affordable Care Act is implemented, and the budget moves roughly into balance. It’s not an ideal way to balance the budget, but it helps clarify that the deficit is the result of votes Congress expects to cast over the next few years. If, instead of casting those votes, they do nothing, or pay for the things they choose to do, the deficit mostly disappears.

The last few years have added new elements to the do-nothing plan: the trigger, for instance, and various temporary tax cuts Congress has been extending. James Horney of the Center on Budget and Policy Priorities ran the numbers for my colleague E. J. Dionne, and he says the do-nothing plan would now lead to $7.1 trillion in deficit reduction — more than even the Fiscal Commission envisioned. Here’s how it breaks down:

— $3.3 trillion from letting temporary income and estate tax cuts enacted in 2001, 2003, 2009, and 2010 expire on schedule at the end of 2012 (presuming Congress also lets relief from the Alternative Minimum Tax expire, as noted below);

— $0.8 trillion from allowing other temporary tax cuts (the “extenders” that Congress has regularly extended on a “temporary” basis) expire on schedule;

— $0.3 trillion from letting cuts in Medicare physician reimbursements scheduled under current law (required under the Medicare Sustainable Growth Rate formula enacted in 1997, but which have been postponed since 2003) take effect;

— $0.7 trillion from letting the temporary increase in the exemption amount under the Alternative Minimum Tax expire, thereby returning the exemption to the level in effect in 2001;

— $1.2 trillion from letting the sequestration of spending required if the Joint Committee does not produce $1.2 trillion in deficit reduction take effect; and

— $0.9 trillion in lower interest payments on the debt as a result of the deficit reduction achieved from not extending these current policies.

Edited August 25, 2012 by Mr. Big Dog

[Mr. Big Dog 10,747]

You're funny

And you still can't explain the current President's economic policy going forward.

Nothing funny about it. Read above. I did edit my earlier post as well to address your other concern. The President's budget proposal is public record. And it's been scored by CBO. It's readily available for anyone to look at.

Edited August 25, 2012 by Mr. Big Dog

[I AM NOT THAT GUY 5,715]

The do-nothing plan: now worth $7.1 trillion

CBPP Left Wing Think Tank

[Pooky 3,784]

I did edit my post above. The President's budget proposal is public record. And it's been scored by CBO.

Is that the budget that was defeated by 97 votes to 0 in the Democrat-controlled Senate?