Pay As They Go… With Our Money?
Semper Fi
2010/05/13 17:00:04
In 2007, a new sheriff got elected in Washington. The Democratic Party took control of the House the following January, and on their second day in power, the Democrats adopted something called "PAYGO," or pay as you go.
Unlike during the Bush administration, lawmakers promised to be fiscally responsible, and the next time Congress wanted to spend money it promised to cut spending elsewhere or raise taxes but not add to the deficit.
Well guess what? Congress ignored PAYGO 12 times in the last Congress and at least three times in this one, adding more than $1 trillion to the deficit.
Unlike during the Bush administration, lawmakers promised to be fiscally responsible, and the next time Congress wanted to spend money it promised to cut spending elsewhere or raise taxes but not add to the deficit.
Well guess what? Congress ignored PAYGO 12 times in the last Congress and at least three times in this one, adding more than $1 trillion to the deficit.
Read More: http://liveshots.blogs.foxnews.com/2010/05/12/pay-...
Top Opinion
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hook 2010/05/13 17:05:29
The Bush admin did not promise fiscal responsibility? LMFAO! That is inconceivable in so many ways I have a hard time to start a reply between laughs!
* That's a total lie.
In his February 2001 address to a Joint Session of Congress, the President promised to pay down $2 trillion in debt during the next 10 years. He said that's "more debt repaid more quickly than has ever been repaid by any 0anation at any time in history." He has not kept that promise. Since the President submitted his Fiscal Year 2002 budget, our gross national debt has increased from $5.6 trillion to $7 trillion, and deficits have risen to $521 billion in the Fiscal Year 2004.
http://www.truthout.org/artic...
* That's a totally laughable lie.
Does anybody here actually think even for a second that any presidential candidate could win a primary, let alone the party candidacy and the general election, without promising fiscal responsibility. Bush promised and promised fiscal responsibility, all the while breaking and rebreaking the record for fiscal irresponsibility.
AND now the clowns on the RW have the gall to attack the Dems over Paygo! And here I thought Paygo was originally a Republican idea back in the Contract with America days of Newt Gingrich and others...
The Bush admin did not promise fiscal responsibility? LMFAO! That is inconceivable in so many ways I have a hard time to start a reply between laughs!
* That's a total lie.
In his February 2001 address to a Joint Session of Congress, the President promised to pay down $2 trillion in debt during the next 10 years. He said that's "more debt repaid more quickly than has ever been repaid by any 0anation at any time in history." He has not kept that promise. Since the President submitted his Fiscal Year 2002 budget, our gross national debt has increased from $5.6 trillion to $7 trillion, and deficits have risen to $521 billion in the Fiscal Year 2004.
http://www.truthout.org/artic...
* That's a totally laughable lie.
Does anybody here actually think even for a second that any presidential candidate could win a primary, let alone the party candidacy and the general election, without promising fiscal responsibility. Bush promised and promised fiscal responsibility, all the while breaking and rebreaking the record for fiscal irresponsibility.
AND now the clowns on the RW have the gall to attack the Dems over Paygo! And here I thought Paygo was originally a Republican idea back in the Contract with America days of Newt Gingrich and others. Am I wrong here? It's a damn good idea, as has been proven at the state level many times, so why are the Conservatives fighting AGAINST fiscal responsibility? It was supposedly their idea to begin with, right?? I mean f'in hell, they won the ideology war, right?? So why have they jumped off the bandwagon now that the Dems have jumped on it? Does anybody else here feel betrayed by the Republicans on this one?
So let's see here....The Dems picked up where the Reps left off as you said, but haven't changed a thing other than to spend even more...
A: YES!
A: $6.5T before it left office, $2T in economic cleanup since then, and the wars are still costing us hundreds of billions, and OBL is still free.
Q: How much has the Obama agenda cost us?
A: Nothing so far. All he has done so far is clean up the mess left by the last admin. Even Obama's health care has not started adding any significant costs to our deficit/debt yet relative to Bush's agenda.
Q: Outside of cleaning up Bush's mess, what has Obama spent money on so far?
A: Nothing.
Yourself?
I'm doing energy efficiency consulting - just breaking into the business right now. I got laid off and could not find a job, so I'm making my own job and already have three employees lined up for the first big job. Wish me luck!
Oh, and best of luck to you as well. We may disagree on politics, but when it comes down to it, we're all in the same soup.
Don't let the regulations, fees, and taxes get to you! HA! And best of luck to you!
it? Hmmmmmmmmm?
There are more small businesses opening now than probably any year of my lifetime. I should know, I've opened two myself, one with a couple of partners.
this forum can check it out.
If your business was government-entitlement related, I can understand how Bush's stealing from future generations of taxpayers could have helped you. But that was always unsustainable, as we told the Conservatives every year since 2001. Unfortunately they didn't listen and now the bill has come due; the bill that will take at least three generations to pay off.
And here I didn't get a damn thing too except a pink slip, the first one in my life.
I know you don't like to hear that but he screwed America over and continues doing it. Please take your liberal BS somewhere else. Thanks !!!!!!!!!!!!!!
Now, the Bush admin took a surplus and shrinking debt growth, and exploded both into record upon record upon record deficit and debt. But no complaints there, right, because he's a Conservative so grand theft of middle class taxes to transfer to the uber elite is a good thing. Now, with the debt come due for the banking/mortgage industry moral hazard corruption, now you start to notice the deficit and debt? We've been warning the Conservatives about the bill for all the trillions in unfunded spending since 2001.
You may not agree with all the stimulus (no one does by the way), but to try to blame this deficit and debt on Obama, who inherited this mess, is not going to win you any accolades from the common sense crowd.
Our govt should have saved up and/or reduced the deficit and debt during the so-called good times of the Bush era. Instead, now that things are really bad and the govt is the only entity that was able to stimulate the economy, now you start to worry about spending?
If we had followed the Republicans on cutting govt spending during the recession, we would have been in a depression by now.
Starting with this one:
"When do you liberals stop blaming Bush and actually take responsibility for the mess that your Fuehrer created?"
Classic! Classic! Classic! You have a matrix approach to your BS, like an artist of the unreal. Kudos to your abilities to be lied to and to repeat. How on earth you have convinced yourself, despite reality, that a recession that started fifteen months BEFORE Obama took office is somehow his creation, is beyond my imagination. My mind cannot fathom how one could even start to lie to oneself and how oneself could knowingly believe the lies from oneself - but you do it! And you do it very well, obviously!
The real estate bubble warnings started in 2001, but were ignored by the Republicans in charge of all branches of govt until the Fall of 2008, when it was already much, much too late and the recession was already nearly a year old. The Dems tried to stop the predatory lending through regulation, but the Republicans like Boehner and Grassley blocked all Republican and Dem attempts to regulate the banking/mortgage industry. The first regul...
Starting with this one:
"When do you liberals stop blaming Bush and actually take responsibility for the mess that your Fuehrer created?"
Classic! Classic! Classic! You have a matrix approach to your BS, like an artist of the unreal. Kudos to your abilities to be lied to and to repeat. How on earth you have convinced yourself, despite reality, that a recession that started fifteen months BEFORE Obama took office is somehow his creation, is beyond my imagination. My mind cannot fathom how one could even start to lie to oneself and how oneself could knowingly believe the lies from oneself - but you do it! And you do it very well, obviously!
The real estate bubble warnings started in 2001, but were ignored by the Republicans in charge of all branches of govt until the Fall of 2008, when it was already much, much too late and the recession was already nearly a year old. The Dems tried to stop the predatory lending through regulation, but the Republicans like Boehner and Grassley blocked all Republican and Dem attempts to regulate the banking/mortgage industry. The first regulatory bill to make it to Bush's desk came in March of 2007, two months AFTER we the people kicked the crooks arses out and the Dems took over. Any of this starting to break through at all?
Speaking of breaking through, the Bush admin and the Republicans broke through legal debt ceilings multiple times, but not once did they do it for social programs. Even you have to admit that.
Inheritance talk? You mean like the inheritance talk that the Bush admin claimed time and time again about the 2001 recession, even though that started after Bush took over and this one started fifteen months BEFORE Obama took the oath.
Stimulus:
Sure dude. Outside of parties of likeminded extremists, see how far that gets you in adult conversation.
The budget surplus was due to the tech bubble of the 90's...When Bush entered office we were already headed in to a recession...record bankruptcys' , etc...
I don't think anyone is calling Bush fiscally responsible...He spent like a Democrat! Why do you think so many Americans were angry with him?
There's no vote for that.