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Avoiding another disaster

January 14, 2013

We avoided the Mayan-anticipated end of the world in December, and now we’ve apparently avoided the Earth being demolished by a massive asteroid in the next 20 years or s....

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(35)

WorriedAmerican

Jan-24-13 3:14 PM

Some people never do anything but criticize and tear down others, which is what their father Satan does. The name “Satan” means “accuser.” In fact, that's all Satan does when he's not destroying people's lives, he criticizes God's children day-and-night. Revelation 12:10

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WorriedAmerican

Jan-23-13 1:41 PM

President Barack Obama is biased against Republicans, says Fox News commentator Bill O’Reilly.

“It's pretty clear that he doesn't like them because he feels that they are the purveyors of white privilege,” O’Reilly said during an interview with Washington Post editor Bob Woodward on "The O’Reilly Factor" show.

“He's never going to say that, but that's the theme that runs through his advisers: the white privilege has to be broken down.”

Woodward disagreed, saying, “I just think he doesn’t agree with Republicans on their agenda. He’s hurting his own cause.”

But O’Reilly didn’t give up. “The Republican agenda, in the president's mind, props up white privilege,” he said. “Therefore, as the social justice champion, he has to tear that down. He doesn't like the white privilege thing, and he doesn't like the Republicans trying to defend it. That's the seed.”

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locomotive

Jan-22-13 8:04 PM

So friendly, Worried.

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WorriedAmerican

Jan-20-13 2:47 PM

The Debt: How we got here!

The difference between the projected and actual debt in 2011 can be largely attributed to:

$3.5 trillion – Economic changes (including lower than expected tax revenues and higher safety net spending due to recession) $1.6 trillion – Bush Tax Cuts (EGTRRA and JGTRRA), primarily tax cuts but also some smaller spending increases $1.5 trillion - Increased defense and non-defense discretionary spending $1.4 trillion – Wars in Afghanistan and Iraq $1.4 trillion - Incremental interest due to higher debt balances $0.9 trillion - Obama stimulus and tax cuts (ARRA and Tax Act of 2010)

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WorriedAmerican

Jan-20-13 2:44 PM

Tax revenues averaged approximately 18.3% of gross domestic product (GDP) over the 1970-2009 period, generally ranging plus or minus 2% from that level. Tax revenues are significantly affected by the economy. Recessions typically reduce government tax collections as economic activity slows. For example, tax revenues declined from $2.5 trillion in 2008 to $2.1 trillion in 2009, and remained at that level in 2010. During 2009, individual income taxes declined 20%, while corporate taxes declined 50%. At 15.1% of GDP, the 2009 and 2010 collections were the lowest level of the past 50 years.

Much of the costs for the wars in Iraq and Afghanistan have not been funded through regular appropriations bills, but through emergency supplemental appropriations bills. As such, most of these expenses were not included in the budget deficit calculation prior to FY2010. Some budget experts argue that emergency supplemental appropriations bills do not receive the same level of legislative care as reg

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locomotive

Jan-19-13 7:25 PM

Jack, do mean you saw "Koin Krugman?" The Man of Platinum?

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locomotive

Jan-19-13 6:46 PM

Now if we would c/p some speeches from the JFK archive, we'll have Worried right where he needs to be.

Many of Dem JFK's proposals sounded, well, downright "Republican" when you hear them.

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JackAaah

Jan-19-13 4:58 PM

While at the Democrat Party free-lunch counter the other day, with JByrd, having peas and Koolaid, I did see Stockman and Krugman sitting together a few seats down having the same lunch....

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WorriedAmerican

Jan-19-13 2:28 PM

h4c Message for "party of Losers!" Please don't kill the messenger! "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

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WorriedAmerican

Jan-19-13 11:51 AM

h4c can't answer the question, huh! I don't have any answers for your pathetic party either. Pathilogical liars or just irresonsible fiscal mismangers of the country's finances. Either way like David Stockman said, "The GOP destroy this Country's economy!" Can't argue with one of you own! Can you! ;-)

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locomotive

Jan-18-13 1:37 PM

Worried, I don't support hyperpartisan rants, no matter how they originate.

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WorriedAmerican

Jan-18-13 12:01 PM

h4c these are people in your own party writing articles about your party that destroyed the economy! It is not my ranting! Maybe you should take your blinders off and read it with an open mind and come out of your bunker and look around and realize that yes, the republicans were the reason for this countries demise! Bush tax cuts! Two wars unpaid! led to large deficits! Paulson Sec of Treasury/Goldman Sachs dumping stocks in 2008 Country Wide Home Loan Scandal & Corrupt Congress!

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WorriedAmerican

Jan-18-13 11:25 AM

h4c just what does the republican party really stand for these days besides anti-Obama?

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WorriedAmerican

Jan-18-13 11:21 AM

h4c just pointing out a few facts that the republican party is self destructing within itself.

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WorriedAmerican

Jan-18-13 9:05 AM

Their own members of the GOP admit that the republicans destroyed the American economy! So what is it do have a party of liars or incompitent financial leaders?

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WorriedAmerican

Jan-17-13 9:27 PM

ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."

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WorriedAmerican

Jan-17-13 9:27 PM

Democracy. Capitalism. The American dream. All dying. Why? Because of the economic decisions of the GOP the past 40 years, says this leading Reagan Republican.

"If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."

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WorriedAmerican

Jan-17-13 9:26 PM

In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: "Republicans used to believe that prosperity depended upon the regular balancing of accounts -- in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too."

No more. Today there's a "new catechism" that's "little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes" making a mockery of GOP ideals. Worse, it has resulted in "serial financial bubbles and Wall Street depredations that have crippled our economy." Yes, GOP ideals backfired, crippling our economy.

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disgusted

Jan-17-13 8:52 PM

Bless you and your diligence, locomotive

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locomotive

Jan-17-13 4:25 PM

From their website...

"The Center for American Progress is an independent nonpartisan educational institute dedicated to improving the lives of Americans through progressive ideas and action. Building on the achievements of progressive pioneers such as Teddy Roosevelt and Martin Luther King, our work addresses 21st-century challenges such as energy, national security, economic growth and opportunity, immigration, education, and health care. We develop new policy ideas, critique the policy that stems from conservative values, challenge the media to cover the issues that truly matter, and shape the national debate."

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WorriedAmerican

Jan-17-13 1:14 PM

During the George W. Bush administration, the federal government spending was increased from $1789 billion to $2983 billion (70%) but the revenues were only increased from $2025 billion to $2524 billion (25%). Individual income tax revenues were increased by 14%, corporate tax revenues by 50%, customs and duties by 40%. Discretionary defense spending was increased by 107%, discretionary domestic spending by 62%, Medicare spending by 131%, social security by 51%, and income security spending by 130%. Cyclically adjusted, revenues rose by 35% and spending by 65%.

“Real income for the median American household went from $51,356 in 2001 to $52,163 six years later—an increase of just 1.6 percent. Under President Clinton’s tax rates, real median household income went from $45,839 in 1993 to $52,587 in 1999—an increase of 14.7 percent.” [Center for American Progress, 7/29/10]

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WorriedAmerican

Jan-17-13 1:13 PM

According to Citizens for Tax Justice, in 2010, 52.5 percent of the Bush tax cuts benefited the richest 5 percent of taxpayers. The middle 20 percent of Americans only received seven percent of the benefits. [Citizens for Tax Justice, 9/8/09]

There were three fundamental new costs: the tax cuts, the Medicare prescription-drug bill and post-9/11 security spending (including the wars in Iraq and Afghanistan). Of these the tax cuts were by far the largest, adding up to $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts.” [Zakaria, Washington Post, 8/2/10]

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Russ98387

Jan-16-13 12:12 PM

It is absolutely unbelievable how barky and the "progressives" have turned every thing political and try to govern by crisis

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MJC1389

Jan-16-13 11:40 AM

It absolutly unbelievalble how virtually any topic can be turned into a polictical debate. Some people just love to argue no matter what the platform is.

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MJC1389

Jan-16-13 11:34 AM

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