REMARKS BY THE PRESIDENT ON "PAY AS YOU GO"

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REMARKS BY THE PRESIDENT ON "PAY AS YOU GO"

2009-06-09 23:25:03

Kmar: Truth is my Bitch; +5,695|6900|132 and Bush

Flecco wrote:
nickb64 wrote:
Kmarion wrote:
It was much higher mid century as a PERCENTAGE of our gdp.
http://i40.tinypic.com/opyzxs.gif
Thanks to WW2 and Marshall Plan???
Marshall Plan, probably also the rebuilding of the Japanese economy.

Reagan jacked up the percentage and Clinton dropped it again.

Reagan was left with the Carter debacle. Clinton gutted us by continuing to cut vital security and intelligence agencies. Things that would have come in handy pre-911. Our economy is very large and these things do not happen instantly. Those graphs can be misleading when observing policy and effect. Clinton left us in a recession also. He played games with the books and was adding what the Government made from Social Security and subtracting that large amount from the (federal) debt. It was a clever move.. evident by the fact that some people still have not caught on to it.

Xbone Stormsurgezz

2009-06-10 01:02:45

JahManRed: wank; +646|6927|IRELAND

Think it was Loyd's just paid back its loans to the UK purse.

This is a good sign of sorts. The fuckers who engineered this crises obviously see a bounce back, or are engineering a bounce back. And when that bounce back happens they want to maximise their profits again. They don't want a percentage going to........, shock horror, the public!
I think making banks, effectively co owned by the state kicked the banks in the ass with their worst fear.........socialism and 'remarkably' they were able to find money, mostly from existing investors. They see a new feeding frenzy coming and want to be at the table for it. Here we go again.................

2009-06-10 08:21:42

13rin: Member; +977|6779

I could have sworn Obama gave a speech that said the economy is getting better? "Back from the Brink"?
http://www.cbsnews.com/stories/2009/05/ … ME_5045348

Wait... You mean -he lied? Naaah....

I stood in line for four hours. They better give me a Wal-Mart gift card, or something. - Rodney Booker, Job Fair attendee.

2009-06-10 14:40:16

NgoDamWei: Member; +7|5963|Western North Carolina

The reason banks are repaying the loans so quickly is because their executive pay packages were restricted. Repayment does not mean they are in any better condition than before TARP. What it does mean is that they want their exorbatent pay package whether they actually productively produce or not.

Anyone seeing the ally bank promotions ? You really think BAC is any different now than it was before it became your ally? Not really, they just couldn't get you in the door anymore as BAC.

In another web page on the OP, it cites previous democrat PAYG legislation and how convienient and easy it was/is to obtain 'waviers' in that there is not a spending program they don't like nor a tax program for that matter.

Obama, the messiah of smoke and mirrors.

2009-06-10 15:26:46

Turquoise: O Canada; +1,596|6705|North Carolina

I think it's a good thing to put so many strings attached to government funding that companies are quick to pay back the tax money used to keep them afloat.

Anyway, Paygo is a great idea. If Congress can actually commit to it, then we might have a chance at reducing our debt again.

2009-06-10 16:58:28

OxenBreeder: Member; +46|6065|KTRI

Kmarion wrote:
It was much higher mid century as a PERCENTAGE of our gdp.
http://i40.tinypic.com/opyzxs.gif

I can agree that it was higher as a "percentage" mid century. But it looks like Mr Obamas spike is headed straight up. The question is, where does his spike end?

I still say vote out ALL the BUMS in '10 & '12.

2009-06-10 18:01:22

Harmor: Error_Name_Not_Found; +605|6848|San Diego, CA, USA

Obama: "Pay as you go"...except for health care.

2009-06-10 18:11:10

Harmor: Error_Name_Not_Found; +605|6848|San Diego, CA, USA

Kmarion wrote:

I would like to that super-imposed over Democratic/Republican Congresses.

2009-06-10 22:16:41

Kmar: Truth is my Bitch; +5,695|6900|132 and Bush

Harmor wrote:
Kmarion wrote:
http://i40.tinypic.com/opyzxs.gif
I would like to that super-imposed over Democratic/Republican Congresses.

True.. Congress holds the checkbook. The President can only use his proxies.

Xbone Stormsurgezz

2009-06-11 00:35:26

Flecco: iPod is broken.; +1,048|6964|NT, like Mick Dundee

Kmarion wrote:
Flecco wrote:
nickb64 wrote:

Thanks to WW2 and Marshall Plan???
Marshall Plan, probably also the rebuilding of the Japanese economy.

Reagan jacked up the percentage and Clinton dropped it again.
Reagan was left with the Carter debacle. Clinton gutted us by continuing to cut vital security and intelligence agencies. Things that would have come in handy pre-911. Our economy is very large and these things do not happen instantly. Those graphs can be misleading when observing policy and effect. Clinton left us in a recession also. He played games with the books and was adding what the Government made from Social Security and subtracting that large amount from the (federal) debt. It was a clever move.. evident by the fact that some people still have not caught on to it.

Fair enough.

I do have one issue though... How the fuck do you make money on social security?

Whoa... Can't believe these forums are still kicking.

2009-06-11 00:54:03

Kmar: Truth is my Bitch; +5,695|6900|132 and Bush

Flecco wrote:
Kmarion wrote:
Flecco wrote:
Marshall Plan, probably also the rebuilding of the Japanese economy.

Reagan jacked up the percentage and Clinton dropped it again.
Reagan was left with the Carter debacle. Clinton gutted us by continuing to cut vital security and intelligence agencies. Things that would have come in handy pre-911. Our economy is very large and these things do not happen instantly. Those graphs can be misleading when observing policy and effect. Clinton left us in a recession also. He played games with the books and was adding what the Government made from Social Security and subtracting that large amount from the (federal) debt. It was a clever move.. evident by the fact that some people still have not caught on to it.
Fair enough.

I do have one issue though... How the fuck do you make money on social security?

One reason is that people pay in during their entire employment history.. people die before they can collect and subsequently there is no claim. OR they (the they is really Congress) just take it. Clinton had a surge of SS revenue coming in because there was a large gap between the baby boomers (who were at maximum employment) and the retiring generation. This is really scary because there is going to be some real issues when the baby boomers start retiring en mass.

Also take note that Clinton was not the first president to borrow from social security. Reagan did as well. We conservatives don't like to admit it but Reagan was also a deficit spender. I'm a servant of truth first .

Xbone Stormsurgezz

2009-06-11 08:47:27

FEOS: Bellicose Yankee Air Pirate; +1,182|6710|'Murka

Harmor wrote:
Obama: "Pay as you go"...except for health care.

^This. Pay as you go...except for 12 trillion more (or so) over the next ten years.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-06-11 09:25:31

usmarine: Banned; +2,785|7061

reagan was a douche and so was clinton. play as you go eh? lol. sure.

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Flecco wrote:

nickb64 wrote:

Kmarion wrote:

Kmarion wrote:

Kmarion wrote:

Harmor wrote:

Kmarion wrote:

Kmarion wrote:

Flecco wrote:

nickb64 wrote:

Flecco wrote:

Kmarion wrote:

Flecco wrote:

Harmor wrote:

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