Sen. Tom Coburn cuts up giant credit card on the Senate floor

  1. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Sen. Tom Coburn cuts up giant credit card on the Senate floor

    The Senator has credibility on spending, he has severely criticized fellow Republicans who vote for farm subsidies.

    "Our country is bankrupt," Coburn said. "People don't like to hear that, but let me give you what the facts are. The total unfunded liabilities of the United States of America are $126 trillion."

    Taking a pair of scissors, Coburn proceeded to cut and tear the poster into pieces.

    "We need to cut this up, just like you do for an adolescent or young adult kid that you're responsible for the credit card. If they are not responsible, you cut up the credit card. You fix the real problem," he said.

    "You don't continue asking for an increase in their profligate spending. You don't continue to reward members of congress who won't do oversight and get rid of a quarter trillion dollars worth of fraud, waste and abuse every year."

    [Like with the disgraceful SS disability scandal]

    (Cue Concerned_citizen blaming the Republican House for the spending free-for-all of the past 5 years....the GOP House has much power, you see, when concerned_citizen needs to deflect blame  ...otherwise, the House is powerless, how dare the House negotiate for spending cuts with the all powerful almighty non-negotiating President...)

     
  2. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    We have a spending problem AND a revenue problem. 

    Revenue as % of GDP has been in the 15% range the last four years, as opposed to being in the 18 - 20 % range for about 70 straight years before that.

    http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205

    The revenue collapse is due to:

    1. low taxes on the rich, particularly on dividends and capital gains

    2. low taxes on corporations due to loophole gifts in the tax code

    3. The feudal wages paid to a majority of Americans who make so little money that they don't even qualify for income tax payments.

    4. A weak economy still recovering from the 2008 global economic meltdown.

    If you want to be taken seriously, it helps to look at both sides of a math problem instead of half of it.  Coburn can't be taken seriously unless he discusses our revenue collapse.

     
  3. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Revenue as % of GDP has been in the 15% range the last four years, as opposed to being in the 18 - 20 % range for about 70 straight years before that.

    The last four years you say. Hmmmm, whatever do you suppose has been different in the last four years than in the years before?

    --

    Think for yourself, question authority.

     
  4. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to ComingLiberalCrackup's comment:

    The Senator has credibility on spending, he has severely criticized fellow Republicans who vote for farm subsidies.

    "Our country is bankrupt," Coburn said. "People don't like to hear that, but let me give you what the facts are. The total unfunded liabilities of the United States of America are $126 trillion."

    Taking a pair of scissors, Coburn proceeded to cut and tear the poster into pieces.

    "We need to cut this up, just like you do for an adolescent or young adult kid that you're responsible for the credit card. If they are not responsible, you cut up the credit card. You fix the real problem," he said.

    "You don't continue asking for an increase in their profligate spending. You don't continue to reward members of congress who won't do oversight and get rid of a quarter trillion dollars worth of fraud, waste and abuse every year."

    [Like with the disgraceful SS disability scandal]

    (Cue Concerned_citizen blaming the Republican House for the spending free-for-all of the past 5 years....the GOP House has much power, you see, when concerned_citizen needs to deflect blame  ...otherwise, the House is powerless, how dare the House negotiate for spending cuts with the all powerful almighty non-negotiating President...)



    Why don't you show us where the spending free-for all has occurred in the past five years?

     

     
  5. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to StalkingButler's comment:

     

    [QUOTE]Revenue as % of GDP has been in the 15% range the last four years, as opposed to being in the 18 - 20 % range for about 70 straight years before that.

     

    The last four years you say. Hmmmm, whatever do you suppose has been different in the last four years than in the years before?

    --

    Think for yourself, question authority.

    [/QUOTE]

    So now you're blaming Obama for low tax revenue.

     
  6. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    So now you're blaming Obama for low tax revenue.

    Well done!

    More specifically, I'm blaming the pseudo-intellectuals behind the stimulus and the raft of supposedly economy stimulating programs that have not addressed the underlying problems but only served to (poorly) mask the problems for a while while rewarding Democrat cronies and donors.

    --

    Think for yourself, question authority.

     
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  9. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

     
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  11. You have chosen to ignore posts from NowWhatDoYouWant. Show NowWhatDoYouWant's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Personally, I though the "health care dragon" infographic was more informative.

     
  12. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to ComingLiberalCrackup's comment:

    The Senator has credibility on spending, he has severely criticized fellow Republicans who vote for farm subsidies.

    "Our country is bankrupt," Coburn said. "People don't like to hear that, but let me give you what the facts are. The total unfunded liabilities of the United States of America are $126 trillion."

    Taking a pair of scissors, Coburn proceeded to cut and tear the poster into pieces.

    "We need to cut this up, just like you do for an adolescent or young adult kid that you're responsible for the credit card. If they are not responsible, you cut up the credit card. You fix the real problem," he said.

    "You don't continue asking for an increase in their profligate spending. You don't continue to reward members of congress who won't do oversight and get rid of a quarter trillion dollars worth of fraud, waste and abuse every year."

    [Like with the disgraceful SS disability scandal]

    (Cue Concerned_citizen blaming the Republican House for the spending free-for-all of the past 5 years....the GOP House has much power, you see, when concerned_citizen needs to deflect blame  ...otherwise, the House is powerless, how dare the House negotiate for spending cuts with the all powerful almighty non-negotiating President...)



    http://www.nydailynews.com/news/politics/gop-senator-tom-coburn-protests-government-spending-oversized-credit-card-article-1.1480316

    card was too thick to cut.

     
  13. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to NowWhatDoYouWant's comment:

     

    Personally, I though the "health care dragon" infographic was more informative.

     



     

    That would be a cool tat.

     
  14. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to ComingLiberalCrackup's comment:




    pure echo chamber rubbish!

     
  15. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Of course, the massive growth of Big Government is not just reflected in the amount of money it spends.

    For example,  the out-of-control EPA is deliberately and illegally attempting to destroy the coal industry.

    The IRS is another example of Obama Government gone wild...

     
  16. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    FYI, I found the source of the chart, along with an apology by it's creator...

    http://www.aei-ideas.org/2012/05/the-stunning-chart-that-shows-the-obama-spending-binge-really-happened/

    UPDATE: I am not sure this chart accurately reflects the methodology of the MarketWatch piece, in particular the treatment of the 2009 Omnibus spending bill. In fact, it’s probably wrong. I apologize for that. But that does not change my fundamental point of disagreement which I outline here and here.

     
  17. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Correct me if I'm wrong - that's a BOOM moment, yes?

     
  18. You have chosen to ignore posts from newman09. Show newman09's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Even shows the source. :(

     
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  21. You have chosen to ignore posts from newman09. Show newman09's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    Do you need the most current months for this too?

     


     
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  23. You have chosen to ignore posts from andiejen. Show andiejen's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to StalkingButler's comment:

     

    [QUOTE]Revenue as % of GDP has been in the 15% range the last four years, as opposed to being in the 18 - 20 % range for about 70 straight years before that.

     

    The last four years you say. Hmmmm, whatever do you suppose has been different in the last four years than in the years before?

    --

    Think for yourself, question authority.

    [/QUOTE]

    SB,

    To be fair, UserName9 did point out what happenned in the years before.

    His 4th point :

    "4. A weak economy still recovering from the 2008 global economic meltdown."

    And whose administration would that be?

    Here is a hint to the first initial:

    Floats like a butterfly and stings like a ___.

     

     
  24. You have chosen to ignore posts from newman09. Show newman09's posts

    Re: Sen. Tom Coburn cuts up giant credit card on the Senate floor

    In response to A_Concerned_Citizen's comment:

    In response to newman09's comment:

     

    Do you need the most current months for this too?

     




     

    Ummmm, do you have the data for the jobs graph?

     




    Sorry, I did not compile that data....it is what it is. Too bad.

     
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