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Mon Jul 22, 2013, 08:31 AM

Joe Scarborough just said, "We already have too much debt" Why is he allowed

to stay on MSNBC where most of their commentators are smart and living in the 21 century?

7 replies, 1233 views

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Reply Joe Scarborough just said, "We already have too much debt" Why is he allowed (Original post)
Maraya1969 Jul 2013 OP
KurtNYC Jul 2013 #1
bigwillq Jul 2013 #2
earthside Jul 2013 #3
CTyankee Jul 2013 #5
earthside Jul 2013 #6
Maraya1969 Jul 2013 #7
99Forever Jul 2013 #4

Response to Maraya1969 (Original post)

Mon Jul 22, 2013, 08:43 AM

1. because liberals watch his show (?)

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Response to Maraya1969 (Original post)

Mon Jul 22, 2013, 08:44 AM

2. Do you think he's wrong?

 

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Response to bigwillq (Reply #2)

Mon Jul 22, 2013, 08:53 AM

3. We do have too much debt.

The problem is not that the federal government does not collect enough revenue --- it is that it is spent on the wrong things.

A trillion dollars a year for the military and all its attendant programs in other agencies (Energy; State; Veterans; etc.).

Billions and billions of dollars for spying on us.

Subsidies for corporate farmers ... All kinds of corporate welfare.

Of course, we will all be better off if the federal government has to budget less for interest payments and could use that money for infrastructure improvements, etc.

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Response to earthside (Reply #3)

Mon Jul 22, 2013, 09:00 AM

5. I agree with you on expeditures but I do think we don't collect enough taxes from the wealthy.

We could lift the cap on SS, to insure the program's continuation.

We need to have Medicare for all, thereby bringing down health care costs.

We could close tax loopholes for the rich that do nothing but "starve the beast" as the repukes say.

We need to spend MORE money on infrastructure to kick start the economy and create even more tax revenue, all the while bringing more economic justice to our system.

We need to spend more on education to insure a well functioning economy down the road.

We need to spend MORE, not less, on R&D and scientific research.

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Response to CTyankee (Reply #5)

Mon Jul 22, 2013, 09:15 AM

6. Oh, that is absolutely the case.

We need to go back to the progressive tax structure we had in the 1950s and 1960s.

Because of the stagnation in middle and working class wages, the tax burden is way too high right now on those folks -- while it is way, way too low on the wealthy.

Again, it is a matter of priorities.

Single-payer health care and forgiving college student loans would do more to convert this economy into one of sustainable prosperity than almost anything else.

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Response to bigwillq (Reply #2)

Mon Jul 22, 2013, 02:30 PM

7. I must be thinking of the wrong thing. I thought we had a surplus.

http://www.huffingtonpost.com/2013/07/11/us-budget-surplus_n_3581160.html


US Government Records $116.5 Billion Surplus In June

WASHINGTON -- The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.

The June surplus was due in part to $66.3 billion in dividend payments from Fannie Mae and Freddie Mac. The mortgage giants were taken over by the government at the height of the 2008 financial crisis and are now repaying taxpayers for the support they received.

Through the first eight months of the budget year, the deficit has totaled $509.8 billion, according to the Treasury. That's nearly $400 billion lower than the same period last year.

The Congressional Budget Office forecasts the annual deficit will be $670 billion when the budget year ends on Sept. 30. If correct, that would be well below last year's deficit of $1.09 trillion and the lowest since President Barack Obama took office. It would still be the fifth-largest deficit in U.S. history.

=====================================================

I suppose I thought that we were in the black for good. My bad.

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Response to Maraya1969 (Original post)

Mon Jul 22, 2013, 08:54 AM

4. Ummmmmm...

... maybe because people such as you keep watching him?


Remote broke?

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