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Thread: U.S.: In state of denial over taxes?

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by upsideguy View Post
    Most of the oil in the Rocky Mountains is in the form of shale, which is reasonably expensive to extract. The lack of development in the Rocky Mountains is less about regulation and more about economics. As the price of oil rises, the development will commence.
    That is quite true. Another uncomfortable truth for whiny conservatives is that the price of oil is approximately tied to the health of the economy. When the economy was doing relatively well oil prices rose and conservatives complained that Obama was responsible for high oil prices. When the economy started to falter oil prices came down and conservatives complained that Obama was responsible for the faltering economy. A classic Catch-22. Heads it's Obama's fault, tails it's Obama's fault.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by sangha View Post
    Nothing you said refutes the fact that we are one of the worlds largest extractors of natural resources. All you have argued is that we can extract even more.
    no question we are one of the largest extractors. the only other nations close do so to fuel our appetite.

    so I find it quite ironic that every time we see a slow down in our consumption in the form of a recession, everyone thinks we need to put our differences aside and re-inflate the bubble to get our excessive consumption going again.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by AdamT View Post
    That is quite true. Another uncomfortable truth for whiny conservatives is that the price of oil is approximately tied to the health of the economy. When the economy was doing relatively well oil prices rose and conservatives complained that Obama was responsible for high oil prices. When the economy started to falter oil prices came down and conservatives complained that Obama was responsible for the faltering economy. A classic Catch-22. Heads it's Obama's fault, tails it's Obama's fault.
    The economy hasn't gotten up to doing relatively well, since the Democrats took over. I don't just blame Obama, I blame the Dems in Congress, too.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by apdst View Post
    The economy hasn't gotten up to doing relatively well, since the Democrats took over. I don't just blame Obama, I blame the Dems in Congress, too.
    As has been noted, the Democrats took over Congress under FY2007 when the economy was on the way up and deficits were on the way down. FY2008 2009 2010 all transpired while they were in power.


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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by apdst View Post
    The economy hasn't gotten up to doing relatively well, since the Democrats took over. I don't just blame Obama, I blame the Dems in Congress, too.
    Certainly the economy was doing well when GDP growth was up over 3% -- relative to where it was when Obama took over.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by PzKfW IVe View Post
    As has been noted, the Democrats took over Congress under FY2007 when the economy was on the way up and deficits were on the way down. FY2008 2009 2010 all transpired while they were in power.

    And as has been noted in response, the damage had already been done by the time Democrats took over Congress.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by AdamT View Post
    Certainly the economy was doing well when GDP growth was up over 3% -- relative to where it was when Obama took over.
    And, where is it now?

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by apdst View Post
    And, where is it now?
    Now it is doing less well, which is reflected in lower oil prices.

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by upsideguy View Post
    you do not see abject poverty in Europe as you see it here
    in july a dept of energy study based on census data found that 98% of americans living below the poverty line have a tv, 81% a microwave, 78% air conditioning, 71% a vcr, 65% a second tv, 65% a dvd, 64% cable, 55% cellphone...

    on the other hand, only 29% of americans below the poverty line have an xbox and 28% have a printer

    Modern Poverty Includes A.C. and an Xbox - By Ken McIntyre - The Corner - National Review Online

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    Re: U.S.: In state of denial over taxes?

    Quote Originally Posted by sangha View Post
    No, any SS deficits, should they become longer term, can easily be eliminated by removing the FICA cap.
    you don't know what you're talking about

    Fiscal Commission Co-Chairs Simpson And Bowles Release Eye-Popping Recommendations | TPMDC

    There is no truth to what you said, which is why you can't back it up with any documentation
    LOL!
    Last edited by The Prof; 08-06-11 at 04:22 PM.

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