Page 57 of 212 FirstFirst ... 747555657585967107157 ... LastLast
Results 561 to 570 of 2119

Thread: Obama: No Deal Without Tax Hikes

  1. #561
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    12-08-17 @ 03:46 PM
    Gender
    Lean
    Conservative
    Posts
    30,272

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    It cites its' source right at the bottom of the chart
    I enlarged it several times, and even used reading glasses to try and make it out, but no it doesn't clearly state where this chart came from, or who is using it...Now where did you come up with it?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  2. #562
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by j-mac View Post
    I enlarged it several times, and even used reading glasses to try and make it out, but no it doesn't clearly state where this chart came from, or who is using it...Now where did you come up with it?

    j-mac
    Bureau of the Public Debt, Dept of the Treasury
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  3. #563
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Ikari View Post
    Some of the rich who are not quite rich enough pay a lot in taxes. Once you get rich enough, you're tax rate goes down because the laws are set for the very rich to use many forms of tax loophole to not pay tax on it. As such, income is income. It should all be treated the same.
    Excuse Me ... could you please show me where in the tax code .. it says if you make more then X amount .. you can take deductions that a person making Y amount cannot take Now it must be in there .. but I haven't been able to find it yet ..

  4. #564
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    12-08-17 @ 03:46 PM
    Gender
    Lean
    Conservative
    Posts
    30,272

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    Bureau of the Public Debt, Dept of the Treasury
    No, no....Who republished this graph...Where are you gleaning your info on this?

    Even if I am to take at face value this graph, you want me to hold that Geithner, the man that Obama trots out to make excuses for him as some paragon of the truth? Really....lol


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  5. #565
    Sage
    disneydude's Avatar
    Join Date
    Jan 2006
    Location
    Los Angeles
    Last Seen
    Today @ 12:58 PM
    Gender
    Lean
    Liberal
    Posts
    25,133

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by TurtleDude View Post
    Thanks for demonstrating the typical leftwing mind set. Its to punish the "filthy rich" (meaning anyone making more than 200K a year) that motivates the envious left. BTW the tax burden on everyone else has gone way down while the top 2%'s share of the tax burden has GONE UP
    And thank YOU TD, for demonstrating the typical mindset of the GOP today......Tax cuts for the wealthy on the back of the middle and working classes. America is getting a perfect picture of which party represents which interests.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  6. #566
    Advisor DontDoIt's Avatar
    Join Date
    Jan 2011
    Location
    Illinois, Land of Liberals
    Last Seen
    11-22-15 @ 12:41 AM
    Gender
    Lean
    Conservative
    Posts
    391

    Re: Obama: No Deal Without Tax Hikes

    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
    Libertarian/Conservative/Christian Beliefs

  7. #567
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Redress View Post
    You have better numbers?
    no I don't .. . I just know what I'm spending in the grocery stores .. and other needed expenses to survive .. and I'm sorry .. it seems like a hole lot more then 1.6 % more .. that was the only reason I asked if you really believed those numbers

  8. #568
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by j-mac View Post
    No, no....Who republished this graph...Where are you gleaning your info on this?

    Even if I am to take at face value this graph, you want me to hold that Geithner, the man that Obama trots out to make excuses for him as some paragon of the truth? Really....lol


    j-mac
    The chart lists the source of the data used. If you think there's something wrong with the chart, then use the data to refute it.

    And I have no idea what Geithner has to do with this. He didn't make the chart or compile the data.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  9. #569
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    Today @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: Obama: No Deal Without Tax Hikes

    IMO, over coming days, the participants in the negotiations need to set aside their maximum positions, recognize the needs of all the parties, and focus on areas where agreement can be reached. The focus should be on making offers that have a realistic chance of being viewed as acceptable by all the parties. That means setting aside tax changes. It means postponing credible entitlement reform. It means focusing on smaller spending reductions and disproportionately in the discretionary spending area. That is not an optimal or credible fiscal consolidation approach, but because so much time has been exhausted on a badly-designed negotiating process that allowed each side to begin from its maximum position, it is increasingly a matter of necessity. Personally, I would prefer a credible fiscal consolidation path, but when the choice is between something less or fiscal crisis, the former outcome is the better one. Otherwise, more time will be consumed on process and the deadline will draw closer.

    Unfortunately, some elements are seeking to preclude any kind of deal. For example, yesterday one talk show host hailed the prospect of a failure to raise the debt ceiling as a new 'Independence Day' of sorts. He declared:

    August 2nd will be the new July 4th, this time a day of liberation. Liberation and freedom from massive government spending that has put us and our children in a continuous debt.
    That statement is breathtaking in its ignorance. It shows a total lack of comprehension as to the impact of the federal government's having to instantly cut its cash outflows by some 40%. It shows a complete lack of understanding of what such cuts as a share of GDP would mean.

    Immediately eliminating that deficit would result in a shock that would be twice the magnitude of the recent severe recession from which the U.S. emerged, if only that spending were involved. The shock would be greater, on account of a multiplier, rise in public and private cost of capital, and financial sector distress.

    An effort to ration spending that would also give priority to servicing debt would also adopt the rosy assumption that debt service would essentially consist of making interest payments. Under such an assumption, there would be no risk of default. That may not be the case. The increased risk associated with U.S. debt would probably lead to some share of the debt not being rolled over. That could then mean principal on maturing debt would have to be repaid. Secretary of Treasury Geithner noted in a letter to Senator DeMint that about $500 billion in Treasury securities would mature in August. If one considers some share of principal having to be paid, then the pool of funds for remaining obligations (Medicare, Medicaid, Social Security, Defense, and myriad discretionary expenditures) would be even smaller.

    There is also the problem of mismatches between monthly receipts (revenue) and monthly expenditures/maturing debt. Monthly revenue and monthly expenditures/maturing debt could be quite divergent. That could exacerbate an already difficult management process.

    In the end, failure to raise the debt ceiling would be anything but a "day of liberation." It would be a day the nation's policy makers demonstrated an inability to make necessary choices. It would be a day that showed that the U.S. is a much riskier country than its current AAA rating implies. It would be a day that the U.S. lost significant leadership credibility, and that loss of credibility would extend well beyond fiscal matters.

    Afterward, even when the issue would be resolved, the nation would be left with higher interest rates on account of the new risk environment. With domestic nonfinancial debt of $36.333 trillion, the nation as a whole would pay just over $180 billion per year in extra interest were rates to rise 50 basis points and about $363 billion in extra interest were rates to rise 100 basis points (some timing issues, but that debt continues to increase at a multiple of GDP). That would be equivalent to 1.2% and 2.4% of 2011 Q1 GDP respectively. Those added interest charges would lead to a lower long-term economic growth rate. The nation's fiscal position would be adversely impacted (slower revenue growth and higher debt service costs). Worst of all, this outcome would have been wholly avoidable. The crisis and its aftermath would have been completely self-inflicted.
    Last edited by donsutherland1; 07-12-11 at 12:09 PM.

  10. #570
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by The Barbarian View Post
    no I don't .. . I just know what I'm spending in the grocery stores .. and other needed expenses to survive .. and I'm sorry .. it seems like a hole lot more then 1.6 % more .. that was the only reason I asked if you really believed those numbers
    Inflation involves a lot more than your grocery bill.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •