National Debt - Is it a Crisis Yet?

Off Topic Politics & World Issues
41

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

You just proved his point. 39% of our budget (according to your numbers) is spent on entitlement programs.

Edit - dmaddox is on the ball, haha.

42

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

I wonder what is included in the Other Manditory section, and if 100% of it is truely manditory.

43

[quote]LankyMofo wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

You just proved his point. 39% of our budget (according to your numbers) is spent on entitlement programs.

I wasn’t clear when I posted. I’m not tryin to argue his point, in fact I agree with him. I was pointing out military and discretionary spending make up 36% of the budget. Yeah, 36% is less than 39%, but it’s not too far off and I think that those areas should be cut back also.

Edit - dmaddox is on the ball, haha.[/quote]

44

[quote]LankyMofo wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

You just proved his point. 39% of our budget (according to your numbers) is spent on entitlement programs.

Edit - dmaddox is on the ball, haha.[/quote]

I wasn’t clear when I posted. I’m not arguing point, in fact I agree with him. I was simply pointing out that military and discretionary spending made up 36% of the budget. Yeah, 36% is less than 39%, but it’s not too far off and if we are going to look at curbing spending, those areas should also be addressed.

45

[quote]and1bball4mk wrote:

[quote]LankyMofo wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

You just proved his point. 39% of our budget (according to your numbers) is spent on entitlement programs.

Edit - dmaddox is on the ball, haha.[/quote]

I wasn’t clear when I posted. I’m not tryin to argue his point, in fact I agree with him. I was pointing out military and discretionary spending make up 36% of the budget. Yeah, 36% is less than 39%, but it’s not too far off and I think that those areas should be cut back also. [/quote]

I don’t disagree. At this point I’m for cutting spending ACROSS THE BOARD. However, if we’re going to prioritize what is most important, entitlement programs are first to go, military spending is last to go, IMO.

46

[quote]LankyMofo wrote:

[quote]and1bball4mk wrote:

[quote]LankyMofo wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

You just proved his point. 39% of our budget (according to your numbers) is spent on entitlement programs.

Edit - dmaddox is on the ball, haha.[/quote]

I wasn’t clear when I posted. I’m not tryin to argue his point, in fact I agree with him. I was pointing out military and discretionary spending make up 36% of the budget. Yeah, 36% is less than 39%, but it’s not too far off and I think that those areas should be cut back also. [/quote]

I don’t disagree. At this point I’m for cutting spending ACROSS THE BOARD. However, if we’re going to prioritize what is most important, entitlement programs are first to go, military spending is last to go, IMO.
[/quote]

I would have to agree with Lanky on this one. Without Defense this country is a sitting duck like the Romans in the 300’s. Lots of money, but no army to defend it.

47

[quote]dmaddox wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

Lets work on our addition shall we. Entitlement include Social Security, Medicare, and Medicaid. 19% plus 20% equals 39%. 39% > 23%.[/quote]

PLEASE remember medicare and Medicaid as they currently are, will be skyrocketing in cost in the coming years as the pyramid scheme falls apart.

48

[quote]DoubleDuce wrote:

[quote]dmaddox wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

Lets work on our addition shall we. Entitlement include Social Security, Medicare, and Medicaid. 19% plus 20% equals 39%. 39% > 23%.[/quote]

PLEASE remember medicare and Medicaid as they currently are, will be skyrocketing in cost in the coming years as the pyramid scheme falls apart.[/quote]

Baby boomers retiring = not good for these pyramid schemes.

49

[quote]LankyMofo wrote:

[quote]pittbulll wrote:

[quote]LankyMofo wrote:

[quote]FightinIrish26 wrote:
“Reagan proved that deficits don’t matter” - Dick Cheney.[/quote]

Did you believe that when he said it? Do you believe it now?

I don’t think anyone is questioning that the republicans had a hand in debt problems, but Obama is making it much, much worse.[/quote]

This is an opinion that has two sides, there is the side that says spending will stimulate the economy and there is the side that says it will make it worse.

I think Obama’s approach is new to the YOUNG Republican group because they think if we cut taxes on the most wealthy they will reinvest that money in our economy. And it will trickle down to the little people. And if we do away with all regulations on business they will flourish and the free market will keep them legitimate

Obama’s approach is a little more direct. Cut taxes on the less advantaged and demand honesty and good ethics from business. I have my issues I do not like about Obama.
[/quote]

Cut taxes on the less advantaged? The “less advantaged” don’t even pay taxes. In some cases they receive a “refund” for money they never paid in.

(We’re talking about income taxes, right?)[/quote]

lets say middle class , I got a INCOME TAX tax cut ,

50

[quote]LankyMofo wrote:

[quote]pittbulll wrote:

[quote]LankyMofo wrote:

[quote]FightinIrish26 wrote:

[quote]LankyMofo wrote:

[quote]FightinIrish26 wrote:
“Reagan proved that deficits don’t matter” - Dick Cheney.[/quote]

Did you believe that when he said it? Do you believe it now?

I don’t think anyone is questioning that the republicans had a hand in debt problems, but Obama is making it much, much worse.[/quote]

Think of all that money that we’d have to devote to healthcare without having to support the invasion and occupation of Iraq.

Deficits only evidently matter when you’re trying to help Americans, but not when you’re invading other countries, as evidenced by the teabaggers’ non-existence during the Bush years. [/quote]

Nice sidestep of the question.

Either you believe deficits matter or you don’t.[/quote]

They definatly matter , the time to deal with the deficit is when times are good like Clinton did , Bush should had done the same[/quote]

I don’t care what time it is, good or bad, there is plenty of excessive, wasteful government spending to cut.

I agree, Bush spent entirely too much.
[/quote]

We agree that way to much is spent, but rather than starting with programs that may do a small amount of good , let’s start with huge programs that not only do no good but they do a hell of alot of bad

After we cut all the stupid spending I would be interested in cutting social programs . If you don’t do away with stupid spending then you look as though you are just anti poor, which is the way i perceive the Republican Party .

51

Changing interest rates, changing unemployment compensation terms, SS, Medicare, Welfare and are all short term fixes that can make one president look bad or good in THEIR short period as president. But the deficit is increasing because of much deeper reasons. Regardless of our dollar USA is the most powerful country, and on AVERAGE our children are the dumbest and lease patriotic. The younger the employee the lazier they are, and the more they NEED amenities that cost money. If it hasn’t already, employees are fast becoming more costly then they are worth. It would be stupid to hire people that cost you more money than they bring in. Comparing minimum wage to what a computer can accomplish it’s actually cheaper to put some people on welfare.

This is all evident in the rise in US millionaires, as the debt continues to increase. The rich are getting richer the poor are getting poorer.

52

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

I wonder how much military spending come out of OTHER DISCRETIONARY AND MANDATORY spending

53

[quote]pittbulll wrote:

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

I wonder how much military spending come out of OTHER DISCRETIONARY AND MANDATORY spending[/quote]

None . . military spending is directly accounted to the DOD, even off-budget spending for Iraq and Afghanistan

54

[quote]Airtruth wrote:

This is all evident in the rise in US millionaires, as the debt continues to increase. The rich are getting richer the poor are getting poorer.
[/quote]

And the middle class are in decline. The rich will absolutely have to pay more in taxes. After all, there won’t be anyone else capable of paying.

55

[quote]pittbulll wrote:

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

I wonder how much military spending come out of OTHER DISCRETIONARY AND MANDATORY spending[/quote]

Until we have an independent audit I’ll be wondering how much of anything comes out of or goes anywhere no matter what they tell us. For now I just grabbed a chart compiled from data I linked to from the OMB. The main point is that a defense budget is an indisputable constitutional mandate. Social welfare spending, at least NOTHING on the cosmic levels we have now, was not envisioned at our founding and is no part of our national heritage. Oh yeah, FightingIrish already told me that the founders were mostly racist barbarians so who cares about the moral foundation or rule of law they left us.

56

[quote]IrishSteel wrote:

[quote]pittbulll wrote:

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

Where do the disabilities from the wars come from ?

I wonder how much military spending come out of OTHER DISCRETIONARY AND MANDATORY spending[/quote]

None . . military spending is directly accounted to the DOD, even off-budget spending for Iraq and Afghanistan
[/quote]

Where do the Disabilities payments from the wars injured come from ?

57

[quote]Sloth wrote:

[quote]Airtruth wrote:

This is all evident in the rise in US millionaires, as the debt continues to increase. The rich are getting richer the poor are getting poorer.
[/quote]

And the middle class are in decline. The rich will absolutely have to pay more in taxes. After all, there won’t be anyone else capable of paying.[/quote]

The death of the unions was the death of middle class. And IMO the death of the union was due to the death of the mafia . They were the power behind the unions

58

[quote]LankyMofo wrote:

[quote]DoubleDuce wrote:

[quote]dmaddox wrote:

[quote]and1bball4mk wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

You sure? Discretionary spending made up 13% of the budget while military spending was the highest at 23%. Medicare and medicaid made up 19% and social security was 20%.[/quote]

Lets work on our addition shall we. Entitlement include Social Security, Medicare, and Medicaid. 19% plus 20% equals 39%. 39% > 23%.[/quote]

PLEASE remember medicare and Medicaid as they currently are, will be skyrocketing in cost in the coming years as the pyramid scheme falls apart.[/quote]

Baby boomers retiring = not good for these pyramid schemes.
[/quote]

I don’t mind cashing a check I don’t need, so all you guys can be by serfs. Ha ha!!

I think I get to collect a lot before the whole Ponzi scheme comes crashing down. Your generation is goat fucked all to hell.

Personally, spending Fighting Irish’s earnings doesn’t bother me at all. Thanks Irish! Always wanted to learn to play golf on someone else’s dime! LOL!!

59

[quote]pittbulll wrote:

[quote]IrishSteel wrote:

[quote]pittbulll wrote:

[quote]Tiribulus wrote:

[quote]IrishSteel wrote:
The problem is not in our discretionary spending, but in our Entitlment programs spending - that’s what is breaking the budget and the source of our trillions of debt . . . .[/quote]

Here is the federal budget pie chart from the office of management and budget for last year. Whoever did the chart got the data from here: http://www.whitehouse.gov/omb/budget/fy2011/assets/tables.pdf
[/quote]

Where do the disabilities from the wars come from ?

I wonder how much military spending come out of OTHER DISCRETIONARY AND MANDATORY spending[/quote]

None . . military spending is directly accounted to the DOD, even off-budget spending for Iraq and Afghanistan
[/quote]

Where do the Disabilities payments from the wars injured come from ?[/quote]

Discretionary spending: $1.368 trillion
$663.7 billion - Department of Defense (including Overseas Contingency Operations)
$78.7 billion - Department of Health and Human Services
$72.5 billion - Department of Transportation
$52.5 billion - Department of Veterans Affairs ← - - - - RIGHT HERE!!!
$51.7 billion - Department of State and Other International Programs
$47.5 billion - Department of Housing and Urban Development
$46.7 billion - Department of Education
$42.7 billion - Department of Homeland Security
$26.3 billion - Department of Energy
$26.0 billion - Department of Agriculture
$23.9 billion - Department of Justice
$18.7 billion - National Aeronautics and Space Administration
$13.8 billion - Department of Commerce
$13.3 billion - Department of Labor
$13.3 billion - Department of the Treasury
$12.0 billion - Department of the Interior
$10.5 billion - Environmental Protection Agency
$9.7 billion - Social Security Administration
$7.0 billion - National Science Foundation
$5.1 billion - Corps of Engineers
$5.0 billion - National Infrastructure Bank
$1.1 billion - Corporation for National and Community Service
$0.7 billion - Small Business Administration
$0.6 billion - General Services Administration
$19.8 billion - Other Agencies
$105 billion - Other

60

you were aware there was a VA Dept, right?