FilmFestGuy
DP Veteran
- Joined
- Dec 13, 2009
- Messages
- 2,120
- Reaction score
- 1,244
- Location
- Nashville, TN
- Gender
- Male
- Political Leaning
- Slightly Liberal
Film, the tax cuts in 2001 were exactly like the Obama tax cuts and did the same thing, nothiing, they were rebates. In 2003 they were rate cuts. Do you understand the difference? Again, I ask you why are you so anti keeping more of what you earn. It seems to me that maybe you don't work, don't pay taxes thus have no point of reference?
So you're saying he's just as much of a liar as Reagan or Bush on that issue?
A short-term stimulus can't alter the economic landscape significantly? I feel like I've been hearing the exact opposite for the past year+.
Again, I'm not against tax cuts - but just like spending by government, they can be irresponsible
Because tax increases do not provide increases in revenue and will do nothing to employ 16 million unemployed Americans
It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.
I'm not sure where in your little view of the world that you think I think Obama is some sort of God.
I think the stimulus was mis-spent and I have several other issues with the man.
Yes, I think Obama and Bush were wrong. There's nothing wrong with short-term stimulus, it can help out in a downturn. But it doesn't have long-term impact. It never has and it never will. That's why you'll find studies that show the top marginal tax rate has nothing to do with GDP growth or income rates. It's why our economy boomed when there was top marginal tax rate of 91%, and didn't do so well under Bush's 35% top marginal rate.
A slight increase on the top marginal rate - reverting to the Clinton rate up top - WITH incentives for businesses to hire - wouldn't significantly alter the economic universe and would be part of cutting the deficit, along with matching spending cuts.
from post#179Conservative;
16 million Americans don't have a lot of money to spend right now so how is their consumer confidence?
Still waiting for your answer to put them back to work? think that you having less take home pay will do it?
from post#179
note the = sign.
<It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.>
from post #172
< Originally Posted by donc
Then why not dedicate… say… half of the so-called tax increase to reducing the debt and the other half to stimulus that makes our “economic engine go”?>
Never heard of it, but will look it up.....Utah Bill, heard of the Son of Boss tax scheme? A completely artificial way to generate insanely large fake losses to completely eliminate all taxable income? It ain't the poor and middle class who are using them.
Ok, thanks, I just get so confused, just doesn't seem right that he would pay less in taxes if he didn't have the deductions for charitable giving but I bow to your superior wisdom
Oh, that's adorable.
Someone's trying to convince us that the *deficit* is cause by a *lack of taxes*
When really - all educated people know - that the deficit is caused by excessive government spending.
But I guess that's just a technical - a minute detail - when it comes to the world of political partisan hackery. Truly, I'm tired of people trying to drag me into the Democrat party with this kind of bull****.
So the GOP and DEM parties are using each other's worst ideas, right?You mean like right now when Obama with a Democrat Congress has added 3 trillion to the debt. I am sure there is no borrowing and spending now, right?
A lot of the pyramid scheme crooks donated heavily to charities.....and Buffet is just now deciding to give half of his wealth to charities...
So the GOP and DEM parties are using each other's worst ideas, right?
As usual you ignored my post, how do unemployed people improve their confidence in the economy and where does their money come from to grow the economy?
Conservative asks.
how do unemployed people improve their confidence in the economy and where does their money come from to grow the economy?
Conservative
Aha, I get it now, the ole tried and true obtuse defenses. I guess in my old age I must have forgotten that some people still use that one. I should have known better, seeing as how the republicans have been using it for the last…well, at least, since the tall spooky black man got elected President.
Here is your question.
Answer. Note the period after the word retired, then the equal sign, prior to consumer.
It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence=consumer spending in this economy imo.
If that is too cryptic for you let me know. :2wave:
I wonder how the party would have voted had President McCain made the same proposals?Actually the Party of "no" didn't vote for the stimulus, didn't vote for Obamacare, didn't vote for the GM/Chrysler buyout so it doesn't look like they are using the Democrats poor ideas. The Republicans in Congress today are not responsible for the three trillion added to the debt however it wouldn't bother me a bit to have all the RINO's voted out of office and get back to actual conservative principles.
I wonder how the party would have voted had President McCain made the same proposals?
Actually the Party of "no" didn't vote for the stimulus, didn't vote for Obamacare, didn't vote for the GM/Chrysler buyout so it doesn't look like they are using the Democrats poor ideas. The Republicans in Congress today are not responsible for the three trillion added to the debt however it wouldn't bother me a bit to have all the RINO's voted out of office and get back to actual conservative principles.
But when Republicans controlled everything, here's what happened to the debt:
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
Government - Historical Debt Outstanding - Annual 2000 - 2009
Congressional Dems can claim part of the increase from 2006 to 2007, however, the budget was passed by the previous Congress, so only additional expenditures can be blamed on them.
I agree with you that a lot of the current Republicans should be voted out - and a good portion of the Democrats, too. But a LOT of the Republicans, like Boehner, Cantor, and Bachmann were all there in the years between 2000 and 2006 when Republicans spent, spent, spent and took no responsibility for it.
Domestic spending should be the first thing on our govt's mind. Our infrastructure needs a lot of work, so does the education system, and our standing in the world of economics. Wars should be declared only by congress, must be a 2/3 vote, and those voting for it have to send a close family member to the front lines, or go themselves....
Here are the line items of the budget. Most is geared to domestic spending and most is wasted on social engineering as well as the waste, fraud, and abuse of our bureaucrats. Probably what bothers me the most is very few seem to have any civics, economics, or history education. We currently have a 3.8 trillion dollar budget because of all the social engineering and trying to keep people from failing. There doesn't seem to be any consequences for failure today as someone always bails the failure out. That never is what our Founders built. Their goal was a small central govt. with the power in the states. I have a problem understanding how a bureaucrat in D.C. can fund a social program in Boise, Idaho. The answer is they can't, that is a local issue.
Defense
International Affairs
Gen. Science, Space
Energy
Natural resources/env
Agriculture
Commerce
Transportation
Community Dev
Education/Train/Social
Health
Medicare
Income Security
Social Security
Veterans Benefits
Justice
General Govt.
Net Interest
I have seen first hand the waste in the Navy, and in our public schools. As soon as the govt needs to buy something, the vultures line up to overcharge for whatever it is that is needed.
My son and I put together a portable sound system with $3500 donated dollars at my wife's school a few years back. The school was about to buy a crappy system using cheap stereo stuff. The suppliers claim to fame was that he would teach them how to use it, and give a 3 year warranty. Well, when you charge $3500 for $1500 worth of stuff (Circuit City prices), you can afford to give a 3 year warranty. We used American made commercial grade quality mixer, amp, rack, microphones, speakers, cables, and rack, and had trouble spending all of the money. We told Guitar Center it was for a school, and they offered a decent discount. Son and I put the system together ourselves, and trained a few 8th grade students on how to use it. They understand that kind of stuff better than their teachers....
The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
The richest 1% earn 22.83% of all income and pay 40.42% of all taxes.
Not sure what you're getting at re: tax shelters and how you believe that affects those numbers.
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