Mar 20 - National Debt has increased more under Obama than under Bush

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 6 years ago '07        #181
Ham Rove 3511 heat pts3511
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 KFrizzle said:
What kinda of looney meds you take? what country does mccain want to bomb?
Obama's got us in 2 more wars, any ways.
stop reaching





try again.
 6 years ago '07        #182
Ham Rove 3511 heat pts3511
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 KFrizzle said:
We do favor green energy, have you heard of the Chevy Volt and all the tax dollars we wasted on that POS car.
You know GE gets billions in government funding for green energy?
Haven't you noticed the push by the government to be green. even if its unprofitable, Ie Chevy volt.
The president banned expanding oil on any federal land?? He hates oil?
Solyndra was all about green Energy Jobs.

Oh ya i read over that article, you watch that O'Reilly interview yet??
@ us favoring green energy over big oil. do you know how much we subsidize big oil? Do you know how profitable oil is without our subsidies?
How much money does the U.S. government give oil, gas and coal companies?
Estimates of the value of U.S. federal subsidies to the domestic oil and gas industry alone (not coal) range from “only” $4 billion a year, to an amazing $41 billion annually. One recent comprehensive study of U.S. energy subsidies identified $72.5 billion in federal subsidies for fossil fuels between 2002-2008, or just over $10 billion annually.

[pic - click to view]



oh and wanna take a look @ what Paul Ryans budget has instore? Something btw every republican outside of Ron Paul will support
American families have been plagued by higher oil and gasoline prices over the past several years despite a significant increase in domestic oil production and rigs, and decline in consumption. But while high prices threaten the economy and family budgets, they enrich American oil companies with huge profits. Yet it appears that House Budget Committee Chairman Paul Ryan’s (R-WI) proposed FY 2013 budget resolution would retain a decade’s worth of oil tax breaks worth $40 billion. And his budget would cut billions of dollars from investments to develop alternative fuels and clean energy technologies that would serve as substitutes for oil and help protect middle-class families from volatile energy prices as well as create jobs. In short, the Ryan budget compounds the cost of high oil and gasoline prices on the middle class.

Americans continue to pay more at the pump with little end in sight. Gasoline prices rose by 53 cents since January 2—a 16 percent increase. Average weekly gasoline purchases this year have been some of the fewest in 11 years, but families still spent $3.7 million more on gasoline the week ending March 9, 2012, than they did the week ending January 2.

These high prices and more spending by drivers for gasoline enrich oil companies. Last year the average gasoline price was $3.58 per gallon—the highest since at least 1976—so it’s little surprise that the big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—made a combined record profit of $137 billion in 2011. These companies had nearly $60 billion in cash reserves, too. Yet under the Ryan budget it seems that these and other Big Oil and gas companies would continue to benefit from $4 billion in annual tax breaks.

Of course, Big Oil companies and the American Petroleum Institute, their wealthy lobbying organization, trot out a number of specious arguments to keep these tax breaks such as:

The companies can’t afford to lose these tax breaks? The entire industry’s total revenue loss from cutting the tax provisions is about 1 percent over the next decade.
Removing tax breaks will cost jobs? Despite earning more than $1 trillion in profits between 2001 and 2011, the big five oil companies have shed more than 11,000 U.S. jobs over the past few years, according to “Profits and Pink Slips: How Big Oil and Gas Companies Are Not Creating U.S. Jobs or Paying Their Fair Share” by the House Natural Resource Committee Democrats.
Giving taxpayers’ money to oil companies will help increase oil production? The big five oil companies actually produced 4 percent less oil in 2011 compared to 2010 despite earning 75 percent more in profits.
Big Oil companies already pay their fair share of taxes? ExxonMobil paid an effective federal tax rate of 18 percent in 2010. The average family’s effective federal rate is 21 percent.
Big Oil companies need as much capital as possible for exploration? In 2011 the big five companies spent $38 billion—or 28 percent of their profits—buying back their own stock to enrich their top executives, board of directors, and biggest shareholders instead of using these revenues to produce oil and gas from thousands of undeveloped leases. The big five companies also had $58 billion in cash reserves at the end of 2011.
Huge Big Oil earnings provide big benefits to Americans whose retirement plans own oil stock? An American Petroleum Institute spokesman notes that the California government employees’ pension plan held more than 4 percent of its investments in oil stock. But removing several billion dollars of annual tax breaks from companies that made $137 billion in 2011 would reduce middle-class retirees’ accounts by such a tiny amount that it would have almost no impact on them.

Instead of ending Big Oil tax breaks, Rep. Ryan’s proposed FY 2013 budget would slash funding for investments in clean energy research, development, deployment, and commercialization, along with other energy programs. The plan calls for a $3 billion cut in energy programs in FY 2013 alone. From 2013 to 2017 the Ryan budget would spend a paltry total of $150 million over these five years on these programs—which is barely 20 percent of what was invested in only 2012.


Last edited by Ham Rove; 03-21-2012 at 07:45 PM..
 6 years ago '04        #183
Menace718 1 heat pts
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Bush was a sh*tty president
Obama is a sh*tty president

/ thread
 6 years ago '06        #184
KFrizzle 296 heat pts296
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For the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.
 03-21-2012, 07:53 PM         #185
Ahura  OP
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 minimafia_aj said:





try again.
With Obama, we already had unconstitutional military actions in Libya. Syria is on the table with current admin. Stories are out that we are already funding and supplying the Syrian opposition forces. Also reports of US black ops teams. Then we have Iran, with the current admin has already said they will take military actions.

Seems like there is no difference between Obama and McCain's military ambitions.
 6 years ago '06        #186
KFrizzle 296 heat pts296
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 minimafia_aj said:
@ us favoring green energy over big oil. do you know how much we subsidize big oil? Do you know how profitable oil is without our subsidies?


[pic - click to view]



oh and wanna take a look @ what Paul Ryans budget has instore? Something btw every republican outside of Ron Paul will support


there is no arguing, our politicians have been pushing us towards green energy ever since ethonal. you know how big of a waste that is? We haven't invested in becoming energy Independent.

Oil is worth investing (we got 100 tillion barrels, middle east only has 200 billion)
what else can we make plastic from, fly a 747 on?


[video - click to view]

 6 years ago '06        #187
KFrizzle 296 heat pts296
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 Ahura said:
With Obama, we already had unconstitutional military actions in Libya. Syria is on the table with current admin. Stories are out that we are already funding and supplying the Syrian opposition forces. Also reports of US black ops teams. Then we have Iran, with the current admin has already said they will take military actions.

Seems like there is no difference between Obama and McCain's military ambitions.
Ya, except McCain would listen to the Army generals and send them the amount of troops they ask for. Making the war safer for our solders.
 6 years ago '07        #188
Ham Rove 3511 heat pts3511
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 KFrizzle said:


there is no arguing, our politicians have been pushing us towards green energy ever since ethonal. you know how big of a waste that is? We haven't invested in becoming energy Independent.

Oil is worth investing (we got 100 tillion barrels, middle east only has 200 billion)
what else can we make plastic from, fly a 747 on?

There is no arguing that we subsidize oil 10000x more than green energy, green energy is the future, we can't sustain the current path. Especially with emerging markets that have growing energy needs.

[pic - click to view]


Big Oil shouldn't get subsides, you subsidize things that aren't that profitable yet, sorry but oil is as profitable as it gets. and nice source A conservative blog.


Last edited by Ham Rove; 03-21-2012 at 08:01 PM..
 6 years ago '06        #189
KFrizzle 296 heat pts296
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 minimafia_aj said:
There is no arguing that we subsidize oil 10000x more than green energy, green energy is the future, we can't sustain the current path. Especially with emerging markets that have growing energy needs.

[pic - click to view]


Big Oil shouldn't get subsides, you subsidize things that aren't that profitable yet, sorry but oil is as profitable as it gets. and nice source A conservative blog.
We need oil!
we got more oil in the US than we know what to do with.

you know plastic comes from oil right?
capsules of pill come from oil.
All of the colored objects in this picture come from oil

[pic - click to view]



what else can we fly planes on or run huge ocean boats on?
Nothing Green can produce that amount of energy, or at least affordable.



You should be common sensed enough to know that Green-jobs subsidies created 1 job for every $4.85 million spent. That isn't worth investing right?

Why would anyone invest/subsidize in anything unprofitable?
Why waste tax dollars?
 6 years ago '07        #190
Ham Rove 3511 heat pts3511
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 KFrizzle said:
We need oil!
we got more oil in the US than we know what to do with.

you know plastic comes from oil right?
capsules of pill come from oil.
All of the colored objects in this picture come from oil

[pic - click to view]



what else can we fly planes on or run huge ocean boats on?
Nothing Green can produce that amount of energy, or at least affordable.



You should be common sensed enough to know that Green-jobs subsidies created 1 job for every $4.85 million spent. That isn't worth investing right?
sorry but im gonna need some actual facts, from a reputable source on that info, not some conservative blogger with an obvious bias. And no one is saying we need to stop using oil completely, but we NEED to invest into other energy forms. And even if we drill baby drill it won't drop prices, since the WORLD MARKET sets these kind of things.
 03-21-2012, 08:11 PM         #191
ahenson  OP
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 Hovi Bryant said:
You are truly an idiot of massive proportions. Words cannot describe how lost you are.

The United States is no longer in a recession. It is over. The economy has recovered. If you do not want to accept that, fine. Just don't try to preach that crap. Lean the basics of economics and then tell me the same bullsh*t.

The only folks willing to even entertain half of the sh*t you're saying are those that lined up to endorse Sarah Pailin.

You weird fu*ks scour the Internet for some of the most janky, untrusted, desolate sites around and want us to buy the sh*t they're saying? It's always the stuff you want to hear. No sense of being objective at all in the slightest.

The national debt this country owns is a joke. It was amassed by republicans more than 30 years ago. They're trying to force the government to shrink by creating massive debt through tax breaks and deregulation of financial institutes. Starving the beast is what they call it.

Obama has kick started the private sector. He saved the auto industry. President Obama has brought back regulations to financial and credit institutions. He deserves credit for bringing the economy out of a recession in the face of Republicans that wanted us back in it.

Until you can comprehend the facts, then you're just wasting time.
How lost I am? What the fu*k is this some type of cult gathering n*gga? And n*gga did you use the word janky (please get your vocab game up)?

Words can explain how inferior you are in the basic understanding of the political economy.

I said the U.S. economy has yet to RECOVER. I did not use the term recession, which changes in scope every year and is largely inefficient in showing the reality of economic conditions, because its based on ostensible indicators, for example:

By contrast, the economists’ rule that a recession is defined by two consecutive quarters of falling GDP is silly. If an economy grows by 2% in one quarter and then contracts by 0.5% in each of the next two quarters, it is deemed to be in recession. But if GDP contracts by 2% in one quarter, rises by 0.5% in the next, then falls by 2% in the third, it escapes, even though the economy is obviously weaker.

Debt is never a joke dumbass, again, ready economic history, or even learn how to read a balance sheet. There are debt ratios that become hard to sustain, even when you have an independant central bank handy. Who the fu*k do you think bears the burden of a national debt? Its citizens, the biggest being the change in the money supply, and purchasing power of the national currency. Have you not seen what has happened in Greece, Zimbabwe, or Argentina?

And who the fu*k are you talking about they? Why are you using Republicans like I am a republican. I'm too far ahead of you in knowledge n*gga. I hate dumbass n*ggas who are into politics. Tax breaks is not a critical contributer to debt. Borrowing is. You elementary understanding a.ss n*gga, go read a dictionary on the terms you are using. The government shrinking is a GOOD thing, laissez faire n*gga. Big state participation borders on socialism.

The whole point of the government is to protect your private property, your income is your private property. In the past, people would revolt, if the tax rate went above 4%. Financial markets SHOULD be deregulated to a certain extent. Regulated markets don't thrive, that's a known fact in international commerce. The government should not restrict the financial markets, but keep an eye on criminals in the financial markets. Heavy regulations slow down the wheels of commerce. Again, laissez faire.

Obama hasn't done sh*t but continue what the previous politician - George Bush did. The car industry didn't need to be saved, it need to FAIL, just like other unsuccesful businesses do, in competitive environments. Obama hasn't regulated financial markets, the same criminal activity by his backers continue to happen til this day. Maybe you should go read the bills he but through for the financial markets, they had little to no effect. You should thank the Fed, for giving the U.S. economy a kick, not Obama. They were the ones who purchased treasuries, to increase liquidity in the markets, propping up the stock market, and causing this fake growth you now see. The main cause of the crises (as well as all other crises) was LIQUIDITY.

But your too dumb to know that because your into FOX news politics instead of economics, business, political economics, and commerce. Go study before you ever respond again to me you bi*ch a.ss n*gga. And what are you talking about facts? These are all opinions here fool.
 6 years ago '06        #192
KFrizzle 296 heat pts296
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 minimafia_aj said:
sorry but im gonna need some actual facts, from a reputable source on that info, not some conservative blogger with an obvious bias. And no one is saying we need to stop using oil completely, but we NEED to invest into other energy forms. And even if we drill baby drill it won't drop prices, since the WORLD MARKET sets these kind of things.
Yes it will you dumbass.

Dude we wouldn't need any other countries oil?
we could supply ourselves??
Do you know how cheap countries like Venezuela have gas?
what other energy forms, would you invest in?


Last edited by KFrizzle; 03-21-2012 at 08:29 PM..
 6 years ago '06        #193
KFrizzle 296 heat pts296
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 tupacnasfan said:
The Reason why gas prices go up is because the value of the dollar is going down.
And that's why this thread is titled, National Debt has increased more under Obama than under Bush.
 6 years ago '07        #194
Ham Rove 3511 heat pts3511
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 KFrizzle said:
Yes it will you dumbass.

Dude we wouldn't need any other countries oil?
we could supply ourselves??
Do you know how cheap countries like Venezuela have gas?
what other energy forms, would you invest in?
@ the irony of you calling me a dumbass. If you think us drilling will make gas cheaper you truly are an idiot. I'm gonna use your favorite analogy weed, its like me saying because I grew a few pot plants it will drop prices on the world market.
 6 years ago '06        #195
KFrizzle 296 heat pts296
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 minimafia_aj said:
@ the irony of you calling me a dumbass. If you think us drilling will make gas cheaper you truly are an idiot. I'm gonna use your favorite analogy weed, its like me saying because I grew a few pot plants it will drop prices on the world market.
no man, im not sayin it would lower the Global (although i think it may),
But ya you grow a barn full of weed the domestic/local price will drop. Especially since we wouldn't need to deal with anyone else's weed. Could determine your our price, not have to deal with getting it shipped in.
 6 years ago '06        #196
KFrizzle 296 heat pts296
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just like if your weed guy is taxing you.

say you got 2 different connects w/ the same bud.

One sells for 350 an O
and the other 300 an O. I bet the 300 gets more business and makes more money, than the expensive guy.
why, because other dude be taxin
 6 years ago '06        #197
KFrizzle 296 heat pts296
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Man i Got to sorry I say this, hahaha
was Listenin to talk radio 2day.

I really think you should take a second look at Domestic oil not effecting the price..

What about other domestic products effecting the price?
Wheat?
Corn?
Cars?
Timber?
Coal?
Steel?

If the US got out of all of these or if we increased our production, Our price definitely, maybe even then worlds price would be changed.
 6 years ago '10        #198
Dalinkwent 
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 minimafia_aj said:
your worried about my grammar
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