Random Politics & Religion #00

言語: JP EN DE FR
2010-06-21
New Items
users online
フォーラム » Everything Else » Politics and Religion » Random Politics & Religion #00
Random Politics & Religion #00
First Page 2 3 ... 933 934 935 ... 1375 1376 1377
 Asura.Kingnobody
Bug Hunter
Offline
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2015-09-16 19:11:45  
Jassik said: »
Asura.Kingnobody said: »
B) Obama isn't done yet, he is on pace to get to that 20 trillion debt deficit before he left. So don't kid yourself into thinking that he won't double it. Either way...

Let's just forget the fact that budgets are made by Congress, not the President. If Congress had a 6 year history of doing whatever the president wanted, you'd have an argument.
Congress issues the budget, President and his administration spends the money (and can go over the budget, as shown way too many times).

It's not right, but it's how it is.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 19:13:22  
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
Place your bets now. Will the Fed raise interest rates (from near 0) for the first time since 2006?
I say no, not until November.

Because weak jobs report (again) and China's most recent economic failure last week.
But the economy is doing so well!
 Asura.Kingnobody
Bug Hunter
Offline
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2015-09-16 19:14:22  
Leviathan.Chaosx said: »
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
Place your bets now. Will the Fed raise interest rates (from near 0) for the first time since 2006?
I say no, not until November.

Because weak jobs report (again) and China's most recent economic failure last week.
But the economy is doing so well!
The President said so, so it must be true! He would
never
lie to us, would he?
Offline
Posts: 13787
By Bloodrose 2015-09-16 19:15:47  
I'm making my own country. I need people I can trust to run the business so I can look awesomesauce to the people.

Now, I just need a name for that country...
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 19:17:05  
Leviathan.Chaosx said: »
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
Place your bets now. Will the Fed raise interest rates (from near 0) for the first time since 2006?
I say no, not until November.

Because weak jobs report (again) and China's most recent economic failure last week.
But the economy is doing so well!

I actually want to comment on that.

It's should come as good news, believe it or not, to hear so many people saying this country is going off a cliff under Obama.

I know people have short attention spans, but in case anyone has forgotten, the country actually -did- go off a cliff when Bush left office.

I'd say it's a bit of an upgrade, especially considering it's coming from those most against Obama.
VIP
Offline
Posts: 12259
By Jassik 2015-09-16 19:18:14  
Asura.Kingnobody said: »
Jassik said: »
Asura.Kingnobody said: »
B) Obama isn't done yet, he is on pace to get to that 20 trillion debt deficit before he left. So don't kid yourself into thinking that he won't double it. Either way...

Let's just forget the fact that budgets are made by Congress, not the President. If Congress had a 6 year history of doing whatever the president wanted, you'd have an argument.
Congress issues the budget, President and his administration spends the money (and can go over the budget, as shown way too many times).

It's not right, but it's how it is.

If Congress issues budgets with deficits, as they have for almost 15 years running, the president is obligated to spend all the money. Overspending isn't actually a thing, you know, it's all part of the appropriations committee. No amount over the authorized amount can be spent without the approval of the appropriate budget committee.
 
Offline
Posts:
By 2015-09-16 19:19:19
 Undelete | Link | 引用 | 返事
 
Post deleted by User.
 Asura.Kingnobody
Bug Hunter
Offline
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2015-09-16 19:20:37  
Bismarck.Ihina said: »
Leviathan.Chaosx said: »
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
Place your bets now. Will the Fed raise interest rates (from near 0) for the first time since 2006?
I say no, not until November.

Because weak jobs report (again) and China's most recent economic failure last week.
But the economy is doing so well!

I actually want to comment on that.

It's should come as good news, believe it or not, to hear so many people saying this country is going off a cliff under Obama.

I know people have short attention spans, but in case anyone has forgotten, the country actually -did- go off a cliff when Bush left office.

I'd say it's a bit of an upgrade, especially considering it's coming from those most against Obama.
Asura.Kingnobody said: »
is paramount in saying that Bush left the US economy in a worse shape than what he came to office with....which is basically the entire liberal argument presented against Bush.
Man, liberals are so easy to read.
[+]
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 19:27:19  
And he did, right? Sitting around, ignoring 9 warnings about 9/11 from the CIA, taking us into war against the wrong county while cutting taxes for the rich, taking our surplus left by Bill Clinton and turning it into a trillion dollar deficit, And then there's the housing crisis thing; not exactly his fault but it happened due republican policy of deregulation.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 19:40:05  
Bismarck.Ihina said: »
Leviathan.Chaosx said: »
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
Place your bets now. Will the Fed raise interest rates (from near 0) for the first time since 2006?
I say no, not until November.

Because weak jobs report (again) and China's most recent economic failure last week.
But the economy is doing so well!

I actually want to comment on that.

It's should come as good news, believe it or not, to hear so many people saying this country is going off a cliff under Obama.

I know people have short attention spans, but in case anyone has forgotten, the country actually -did- go off a cliff when Bush left office.

I'd say it's a bit of an upgrade, especially considering it's coming from those most against Obama.
It's not the economy is going off a cliff under Obama, it's that it remains at the bottom of the cliff with no intention to bring it up at all while creating a sinkhole in an effort to climb back up somehow.
[+]
 
Offline
Posts:
By 2015-09-16 19:43:56
 Undelete | Link | 引用 | 返事
 
Post deleted by User.
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 19:47:13  
Leviathan.Chaosx said: »
It's not the economy is going off a cliff under Obama, it's that it remains at the bottom of the cliff with no intention to bring it up at all while creating a sinkhole in an effort to climb back up somehow.

I think the fact that people are redefining the criteria for what the unemployment rate is in order to make it sound as bad as possible is a pretty good indication that we're not doing too bad.

Besides, if you really do think that, then you haven't looked at the country's GDP before, during and after the recession.
[+]
VIP
Offline
Posts: 12259
By Jassik 2015-09-16 20:14:21  
Bismarck.Ihina said: »
Leviathan.Chaosx said: »
It's not the economy is going off a cliff under Obama, it's that it remains at the bottom of the cliff with no intention to bring it up at all while creating a sinkhole in an effort to climb back up somehow.

I think the fact that people are redefining the criteria for what the unemployment rate is in order to make it sound as bad as possible is a pretty good indication that we're not doing too bad.

Besides, if you really do think that, then you haven't looked at the country's GDP before, during and after the recession.

They're not exactly redefining the criteria so much as more heavily favoring other metrics nobody seemed to care about until it fit into their narrative.
 Garuda.Chanti
Offline
サーバ: Garuda
Game: FFXI
user: Chanti
Posts: 11332
By Garuda.Chanti 2015-09-16 20:29:36  
Asura.Kingnobody said: »
Asura.Kingnobody said: »
is paramount in saying that Bush left the US economy in a worse shape than what he came to office with....which is basically the entire liberal argument presented against Bush.
Man, liberals are so easy to read.
GW bush inherited a SURPLUS from the Clinton years (BTW most economists credit GHW Bush's tax hike for creating that surplus), Instantly gave it away to the upper income classes, lowered their taxes, and the economy tanked.

And then the bubble burst.... The timing on that slipped badly BTW. GWB was supposed to have privatized social security (he considered it was his greatest failure). It would would have propped up wall street until a democrat was in the white house.

So many Americans would have lost so much of their social security had that scenario come about. But remember for the plutocrats who view life as a zero sum game with the counters being money, 50 million people each loosing $10,000 is equal to them individually gaining $50,000,000,000 in the cream your Lord and Tailor slacks dept.
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 21:04:30  
I'm now bothered.

"He kept us safe"

Someone explain to me why everyone is giving Bush a pass on this.

9/11 happened under Bush and he was warned repeatedly about Bin Laden at least 9 times.

Just imagine for a moment what would have been the reaction if 9/11 happened under Obama, and it came out that he was warned repeatedly over it. Just, try to imagine.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 21:09:25  
Jassik said: »
Bismarck.Ihina said: »
Leviathan.Chaosx said: »
It's not the economy is going off a cliff under Obama, it's that it remains at the bottom of the cliff with no intention to bring it up at all while creating a sinkhole in an effort to climb back up somehow.

I think the fact that people are redefining the criteria for what the unemployment rate is in order to make it sound as bad as possible is a pretty good indication that we're not doing too bad.

Besides, if you really do think that, then you haven't looked at the country's GDP before, during and after the recession.

They're not exactly redefining the criteria so much as more heavily favoring other metrics nobody seemed to care about until it fit into their narrative.
Like the minimum wage?
[+]
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 21:13:06  
9/11 has nothing to do with the stagnant economy, aka lowering the bar, claiming it as a recovery and the new norm.
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 21:17:35  
I think both those posts are non-sequitur.
 Bahamut.Baconwrap
Offline
サーバ: Bahamut
Game: FFXI
Posts: 5381
By Bahamut.Baconwrap 2015-09-16 21:19:07  
Garuda.Chanti said: »
And its rather hard to get welfare and food stamps without an address.

Additionally, it's also impossible to receive any health benefits now without a stable address. You can thank Obamacare for that.

Dear Homeless,

No Healthcare for you.

Love,

Your Lord and Savior Obama
[+]
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 21:24:31  
Do any of these guys know anything about the Constitution? The first amendment isn't about protecting religious liberty, it's about the government not respecting any specific religion.

In other words, protection from religion.
 Bahamut.Baconwrap
Offline
サーバ: Bahamut
Game: FFXI
Posts: 5381
By Bahamut.Baconwrap 2015-09-16 21:25:18  
And you thought George W. Bush raised the national debt lol get ready for Bernie Sanders ***! lol

Price Tag of Bernie Sanders’s Proposals: $18 Trillion

Quote:
WASHINGTON—Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history.

In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government services at a time of increasing strain on the middle class.

READ MORE ON CAPITAL JOURNAL

Capital Journal is WSJ.com’s home for politics, policy and national security news.

Sanders Supporters: It’s Money Well Spent
Super PAC Prompts First Clash Between Clinton and Sanders Camps
In Debate, GOP Candidates Must Win Over Dissatisfied Voters
Biden, Clinton Hit Many of Same Notes Amid Speculation of 2016 Fight
GOP Debate: A Viewer’s Guide
2016 Election Calendar
His agenda includes an estimated $15 trillion for a government-run health-care program that covers every American, plus large sums to rebuild roads and bridges, expand Social Security and make tuition free at public colleges.

To pay for it, Mr. Sanders, a Vermont independent running for the Democratic nomination, has so far detailed tax increases that could bring in as much as $6.5 trillion over 10 years, according to his staff.

A campaign aide said additional tax proposals would be offered to offset the cost of some, and possibly all, of his health program. A Democratic proposal for such a “single-payer” health plan, now in Congress, would be funded in part through a new payroll tax on employers and workers, with the trade-off being that employers would no longer have to pay for or arrange their workers’ insurance.

ENLARGE
Mr. Sanders declined a request for an interview. His campaign referred questions to Warren Gunnels, his policy director, who said the programs would address an array of problems. “Sen. Sanders’s agenda does cost money,” he said. “If you look at the problems that are out there, it’s very reasonable.”

Calling himself a democratic socialist, Mr. Sanders has long stood to the left of the Democratic Party, and at first he was dismissed as little more than a liberal gadfly to the party’s front-runner, Hillary Clinton. But he is ahead of or tied with the former secretary of state in the early-voting states of Iowa and New Hampshire, and he has gained in national polling. He stands as her most serious challenger for the Democratic nomination.

Mr. Sanders has filled arenas with thousands of supporters, where he thunders an unabashedly liberal agenda to tackle pervasive economic inequality through more government services, higher taxes on the wealthy and new constraints on banks and corporations.

“One of the demands of my campaign is that we think big and not small,” he said in a recent speech to the Democratic National Committee.

Enacting his program would be difficult, if not impossible, given that Republican control of the House appears secure for the foreseeable future. Some of his program would be too liberal for even some centrist Democrats. Still, his agenda articulates the goals of many liberals and is exerting a leftward pressure on the party’s 2016 field.

The Sanders program amounts to increasing total federal spending by about one-third—to a projected $68 trillion or so over 10 years.

For many years, government spending has equaled about 20% of gross domestic product annually; his proposals would increase that to about 30% in their first year. As a share of the economy, that would represent a bigger increase in government spending than the New Deal or Great Society and is surpassed in modern history only by the World War II military buildup.

By way of comparison, the 2009 economic stimulus program was estimated at $787 billion when it passed Congress, and President George W. Bush’s 2001 tax cuts were estimated to cost the federal treasury $1.35 trillion over 10 years.

Mrs. Clinton so far has proposed programs that together would cost an estimated $650 billion over 10 years. Her college-affordability plan is estimated at $350 billion over 10 years, and an expected child-care proposal is estimated to cost at least $200 billion. Those are modest sums next to Mr. Sanders’s agenda.


He proposes $1 trillion to repair roads, bridges and airports. His college-affordability program would cost $750 billion over a decade. Smaller programs would provide youth jobs and prevent cuts to private pension plans. He would raise an additional $1.2 trillion in Social Security taxes in order to increase benefits and pay those already promised for 50 years. That would bolster the program but fall short of the 75 years of solvency that is typically what policy makers aim to achieve.

Mr. Sanders says he also would propose an expansion of federal support for child care and preschool, though he hasn’t said how much those programs would cost, and they aren’t included in this total.

His most expensive proposal, by far, is his plan to extend Medicare, the federal health program for seniors, to all Americans.

Mr. Sanders hasn’t released a detailed plan, but a similar proposal in Congress, sponsored by Rep. John Conyers (D., Mich.), would require $15 trillion in federal spending over 10 years, on top of existing federal health spending, according to an analysis of the plan by Gerald Friedman, an economist at the University of Massachusetts at Amherst. Mr. Conyers’s office referred questions about the plan to Mr. Friedman.

Mr. Gunnels, the Sanders aide, said the campaign hasn’t worked out all details on his plan—for instance, his version might allow each state to run its own single-payer system. But he said the $15 trillion figure was a fair estimate.

Single-payer health care has long been on the liberal wish list, but it has never had sufficient support in Congress. Proponents say it is the best way to guarantee coverage to every American—something that the Affordable Care Act falls short of—and lower overall costs.

Related Videos
Long-time Sanders supporters and Hillary Clinton defectors came to Manassas, Va., Monday night to hear Democratic presidential candidate Bernie Sanders speak. Photo: AP
Democratic presidential candidate Sen. Bernie Sanders spoke to students at Liberty University on Monday. The hottest topic: birth control. Photo: AP
The Conyers plan, for instance, assumes significant savings by allowing the government to negotiate for prescription-drug prices, and it would rely on the new payroll taxes for funding.

Mr. Sanders and some Democrats see the 2010 health law as a good first step, but they say more needs to be done. Many other Democrats, scarred from the fight over the ACA and seeing it as a major step forward, are ready to move on to other issues.

So far, the tax increases Mr. Sanders has proposed are concentrated on Americans earning at least $250,000 a year and on corporations. They include increases in the capital-gains tax, the estate tax and personal income-tax rates for the wealthiest Americans. He also would impose a fee on financial transactions, with investment companies taxed on every stock they trade.

Taken together, these proposals are attractive to many Democrats, said Jared Bernstein, an economist at the liberal Center on Budget and Policy Priorities, and would transform the U.S. into an economy much more like those in Europe, with a significantly larger share of economic activity in government hands. “It’s not the model we employ [in the U.S.], but it is a viable economic model,” he said. Still, he cautioned the revenue would have to come from the middle class as well as the wealthy.

More-centrist Democrats think it is a bad idea. “We are not a country that has limitless resources. You need to tamp on the brakes somewhere, but he doesn’t,” said Jim Kessler, senior vice president for policy at the Democratic think tank Third Way. “There’s no such thing as free college; somebody is going to be paying for it.”

Conservative economists say higher government spending would hurt long-term economic growth and that this much would stunt it altogether. “If we’re putting our resources into government, that’s a place where you’re not going to get productivity gains,” said Kevin Hassett, an American Enterprise Institute analyst who has advised many GOP presidential candidates but is unaffiliated this year. Mr. Hassett said the tax increases required to pay for the Sanders program would be “massively catastrophic.”

Even many Democrats say such a plan would be politically infeasible. Austan Goolsbee, an economist at the University of Chicago and former adviser to President Barack Obama, recalled the difficulty winning congressional approval for the stimulus and health legislation at a time of large Democratic majorities in Congress.

“Much, much more modest actions than those Bernie Sanders is describing were extremely heavy lifts, and many thought impossible,” he said. “Both of them came down to a single vote.”

Write to Laura Meckler at laura.meckler@wsj.com
[+]
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 21:26:36  
Bismarck.Ihina said: »
I think both those posts are non-sequitur.
Just this one:

Bismarck.Ihina said: »
I'm now bothered.

"He kept us safe"

Someone explain to me why everyone is giving Bush a pass on this.

9/11 happened under Bush and he was warned repeatedly about Bin Laden at least 9 times.

Just imagine for a moment what would have been the reaction if 9/11 happened under Obama, and it came out that he was warned repeatedly over it. Just, try to imagine.

We're talking about the economy under Bush vs. Obama.

The minimum wage became an issue because rather than people being able to find better jobs, the new norm is now making a living off a minimum wage job, even though those jobs were never meant to support a family.

If that's not redefining the criteria, then I don't know what is.

(BTW: It's called underemployment, a figure that the unemployment rate fails to take into account.)
[+]
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 21:46:26  
Then we're not on the same page. I assumed other people are also listening to the debate, so I was commenting on that.

Someone call me crazy, but did multiple republican candidates come out on the side of AGW?


Also, "I'm in favor of vaccines", but let me tell you about how a child I know got vaccinated and got autism.


"Why doesn't this country focus on cures instead of treatments"

The country isn't one person you moron. We have teams focused on both treatments and cures, it's just that the cures are a tiny bit tougher to achieve.

I really hope they're just pandering and not seriously believing the things they're saying.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 22:00:17  
Oh ok, never mind then.
 Bismarck.Ihina
Offline
サーバ: Bismarck
Game: FFXI
user: Ihina
Posts: 3187
By Bismarck.Ihina 2015-09-16 22:04:36  
"Every word of it"

I sure hope he'll defend the 14th amendment too.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 22:08:43  
So far the best part about the latest GOP debate, Jeb Bush wants to put Margaret Thatcher on the $10 bill.
[+]
 Garuda.Chanti
Offline
サーバ: Garuda
Game: FFXI
user: Chanti
Posts: 11332
By Garuda.Chanti 2015-09-16 22:15:59  
Garuda.Chanti said: »
....
B) 2.6t is almost 300% of 900b. 18t is 180% of 10t. He's going to have to work hard to catch up to Ronnie....
Phoenix.Amandarius said: »
So in your eyes President Obama would have to increase the debt by 20 Trillion dollars in order to equal Reagan....
Someone here just failed arithmetic.
 Leviathan.Chaosx
Offline
サーバ: Leviathan
Game: FFXI
user: ChaosX128
Posts: 20284
By Leviathan.Chaosx 2015-09-16 22:34:47  
$100 million a solider.

Quote:
No more than five U.S.-trained Syrian rebels are fighting the Islamic State, astoundingly short of the envisioned 5,000, the top U.S. commander in the Middle East told angry lawmakers on Wednesday. They branded the training program "a total failure."

After the first 54 fighters were sent in to fight in July, a Syrian affiliate of al-Qaida attacked the group, killing several and taking others hostage while many fled. Asked how many remain, Gen. Lloyd Austin told the Senate Armed Services Committee, "It's a small number. ... We're talking four or five."

Congress has approved $500 million to train Syrian fighters, and officials have said fewer than 200 are going through training now. One of the problems has been that many Syrian fighters want training and equipment to fight the government forces of President Bashar Assad, but the U.S. program is limited to rebels who agree to only battle the militants.

The stunning admission from Austin came as defense officials scrambled separately to respond to allegations that they skewed intelligence assessments to give a rosier picture of conditions on the battlefield.

The Obama administration was already struggling to defend its military strategy to "destroy and degrade" the terrorist group with an air campaign and programs to train, assist and equip local forces. Lawmakers and Republican presidential candidates have assailed the administration, contending that it has had limited or no success in fighting the militants.

"We have to acknowledge this is a total failure," Sen. Jeff Sessions, a Republican, , said about the training. "I wish it weren't so, but that's the fact."

Austin told committee members that the U.S. was looking at better ways to deploy the Syrian forces, but he admitted the U.S. was not even close to reaching its goal of training 5,000-plus in the near term. He predicted it would take years to defeat IS and to restore stability in Iraq and Syria.

"OK. So we're counting on our fingers and toes at this point when we had envisioned 5,400 by the end of the year," lamented Sen. Claire McCaskill, a Democrat.

Austin maintained the operation was making progress and said the military had always insisted the campaign would take time.The Pentagon also made it clear that U.S. military troops have done no training in Syria. Instead, U.S. special operations forces work with Syrian troops outside the country, including across the border in Iraq.

"We should expect that there will be occasional setbacks along the way, particularly in the early stages," he said. "And our partners, not us, are in the lead. It is taking a bit longer to get things done, but it must be this way if we are to achieve lasting and positive effects."

White House press secretary Jsh Earnest said it is easy for criticis to second guess on the training program's slow progress. He said the president believed the training program could be a chance to expand the number of Syrian fighters who could cooperate with the U.S., but "thus far, that's not been the result." He said the Pentagon was working to make changes to get a better result.
US general: Only handful of Syrian fighters remain in battle
 Shiva.Viciousss
Offline
サーバ: Shiva
Game: FFXI
user: Viciouss
Posts: 8022
By Shiva.Viciousss 2015-09-16 22:40:13  
Syria isn't worth the effort, never has been.
[+]
Offline
Posts: 35422
By fonewear 2015-09-16 23:18:18  
Bahamut.Baconwrap said: »
And you thought George W. Bush raised the national debt lol get ready for Bernie Sanders ***! lol

Price Tag of Bernie Sanders’s Proposals: $18 Trillion

Quote:
WASHINGTON—Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history.

In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government services at a time of increasing strain on the middle class.

READ MORE ON CAPITAL JOURNAL

Capital Journal is WSJ.com’s home for politics, policy and national security news.

Sanders Supporters: It’s Money Well Spent
Super PAC Prompts First Clash Between Clinton and Sanders Camps
In Debate, GOP Candidates Must Win Over Dissatisfied Voters
Biden, Clinton Hit Many of Same Notes Amid Speculation of 2016 Fight
GOP Debate: A Viewer’s Guide
2016 Election Calendar
His agenda includes an estimated $15 trillion for a government-run health-care program that covers every American, plus large sums to rebuild roads and bridges, expand Social Security and make tuition free at public colleges.

To pay for it, Mr. Sanders, a Vermont independent running for the Democratic nomination, has so far detailed tax increases that could bring in as much as $6.5 trillion over 10 years, according to his staff.

A campaign aide said additional tax proposals would be offered to offset the cost of some, and possibly all, of his health program. A Democratic proposal for such a “single-payer” health plan, now in Congress, would be funded in part through a new payroll tax on employers and workers, with the trade-off being that employers would no longer have to pay for or arrange their workers’ insurance.

ENLARGE
Mr. Sanders declined a request for an interview. His campaign referred questions to Warren Gunnels, his policy director, who said the programs would address an array of problems. “Sen. Sanders’s agenda does cost money,” he said. “If you look at the problems that are out there, it’s very reasonable.”

Calling himself a democratic socialist, Mr. Sanders has long stood to the left of the Democratic Party, and at first he was dismissed as little more than a liberal gadfly to the party’s front-runner, Hillary Clinton. But he is ahead of or tied with the former secretary of state in the early-voting states of Iowa and New Hampshire, and he has gained in national polling. He stands as her most serious challenger for the Democratic nomination.

Mr. Sanders has filled arenas with thousands of supporters, where he thunders an unabashedly liberal agenda to tackle pervasive economic inequality through more government services, higher taxes on the wealthy and new constraints on banks and corporations.

“One of the demands of my campaign is that we think big and not small,” he said in a recent speech to the Democratic National Committee.

Enacting his program would be difficult, if not impossible, given that Republican control of the House appears secure for the foreseeable future. Some of his program would be too liberal for even some centrist Democrats. Still, his agenda articulates the goals of many liberals and is exerting a leftward pressure on the party’s 2016 field.

The Sanders program amounts to increasing total federal spending by about one-third—to a projected $68 trillion or so over 10 years.

For many years, government spending has equaled about 20% of gross domestic product annually; his proposals would increase that to about 30% in their first year. As a share of the economy, that would represent a bigger increase in government spending than the New Deal or Great Society and is surpassed in modern history only by the World War II military buildup.

By way of comparison, the 2009 economic stimulus program was estimated at $787 billion when it passed Congress, and President George W. Bush’s 2001 tax cuts were estimated to cost the federal treasury $1.35 trillion over 10 years.

Mrs. Clinton so far has proposed programs that together would cost an estimated $650 billion over 10 years. Her college-affordability plan is estimated at $350 billion over 10 years, and an expected child-care proposal is estimated to cost at least $200 billion. Those are modest sums next to Mr. Sanders’s agenda.


He proposes $1 trillion to repair roads, bridges and airports. His college-affordability program would cost $750 billion over a decade. Smaller programs would provide youth jobs and prevent cuts to private pension plans. He would raise an additional $1.2 trillion in Social Security taxes in order to increase benefits and pay those already promised for 50 years. That would bolster the program but fall short of the 75 years of solvency that is typically what policy makers aim to achieve.

Mr. Sanders says he also would propose an expansion of federal support for child care and preschool, though he hasn’t said how much those programs would cost, and they aren’t included in this total.

His most expensive proposal, by far, is his plan to extend Medicare, the federal health program for seniors, to all Americans.

Mr. Sanders hasn’t released a detailed plan, but a similar proposal in Congress, sponsored by Rep. John Conyers (D., Mich.), would require $15 trillion in federal spending over 10 years, on top of existing federal health spending, according to an analysis of the plan by Gerald Friedman, an economist at the University of Massachusetts at Amherst. Mr. Conyers’s office referred questions about the plan to Mr. Friedman.

Mr. Gunnels, the Sanders aide, said the campaign hasn’t worked out all details on his plan—for instance, his version might allow each state to run its own single-payer system. But he said the $15 trillion figure was a fair estimate.

Single-payer health care has long been on the liberal wish list, but it has never had sufficient support in Congress. Proponents say it is the best way to guarantee coverage to every American—something that the Affordable Care Act falls short of—and lower overall costs.

Related Videos
Long-time Sanders supporters and Hillary Clinton defectors came to Manassas, Va., Monday night to hear Democratic presidential candidate Bernie Sanders speak. Photo: AP
Democratic presidential candidate Sen. Bernie Sanders spoke to students at Liberty University on Monday. The hottest topic: birth control. Photo: AP
The Conyers plan, for instance, assumes significant savings by allowing the government to negotiate for prescription-drug prices, and it would rely on the new payroll taxes for funding.

Mr. Sanders and some Democrats see the 2010 health law as a good first step, but they say more needs to be done. Many other Democrats, scarred from the fight over the ACA and seeing it as a major step forward, are ready to move on to other issues.

So far, the tax increases Mr. Sanders has proposed are concentrated on Americans earning at least $250,000 a year and on corporations. They include increases in the capital-gains tax, the estate tax and personal income-tax rates for the wealthiest Americans. He also would impose a fee on financial transactions, with investment companies taxed on every stock they trade.

Taken together, these proposals are attractive to many Democrats, said Jared Bernstein, an economist at the liberal Center on Budget and Policy Priorities, and would transform the U.S. into an economy much more like those in Europe, with a significantly larger share of economic activity in government hands. “It’s not the model we employ [in the U.S.], but it is a viable economic model,” he said. Still, he cautioned the revenue would have to come from the middle class as well as the wealthy.

More-centrist Democrats think it is a bad idea. “We are not a country that has limitless resources. You need to tamp on the brakes somewhere, but he doesn’t,” said Jim Kessler, senior vice president for policy at the Democratic think tank Third Way. “There’s no such thing as free college; somebody is going to be paying for it.”

Conservative economists say higher government spending would hurt long-term economic growth and that this much would stunt it altogether. “If we’re putting our resources into government, that’s a place where you’re not going to get productivity gains,” said Kevin Hassett, an American Enterprise Institute analyst who has advised many GOP presidential candidates but is unaffiliated this year. Mr. Hassett said the tax increases required to pay for the Sanders program would be “massively catastrophic.”

Even many Democrats say such a plan would be politically infeasible. Austan Goolsbee, an economist at the University of Chicago and former adviser to President Barack Obama, recalled the difficulty winning congressional approval for the stimulus and health legislation at a time of large Democratic majorities in Congress.

“Much, much more modest actions than those Bernie Sanders is describing were extremely heavy lifts, and many thought impossible,” he said. “Both of them came down to a single vote.”

Write to Laura Meckler at laura.meckler@wsj.com

Why stop at 18 trillion we should have a 100 trillion dollar budget I want a jet ski !
First Page 2 3 ... 933 934 935 ... 1375 1376 1377
Log in to post.