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Thread: Debt ceiling cost to taxpayers: $1.7 billion

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    The way to lower the deficit is to cut spending
    The way to lower the deficit is to cut spending and raise taxes. When you cut tax you INCREASE the deficit -- assuming you don't pass equal or greater spending cuts.

    Tell me how you justify record spending of 3.7 trillion a year and generating these kind of results?
    I don't justify it. We should have spent more in stimulus to achieve better results.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    The way to lower the deficit is to cut spending and raise taxes. When you cut tax you INCREASE the deficit -- assuming you don't pass equal or greater spending cuts.



    I don't justify it. We should have spent more in stimulus to achieve better results.
    I can see you never ran a business. How does increasing taxes put 24 million unemployed and under employed Americans back to work full time? Do you spend more money when your take home pay is reduced? Think about it? Looks like liberal brainwashing to me. don't worry, you will grow out of it, I did

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    So tax cuts would help you?
    Why do you always respond like that... no, what she said had nothing to do with taxes. what she said was pretty clear... lol

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by SheWolf View Post
    Why do you always respond like that... no, what she said had nothing to do with taxes. what she said was pretty clear... lol
    But you were talking about the cost of groceries which of course you have to pay for with spendable income. Tax cuts certainly improve your spendable income, don't they?

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    I can see you never ran a business. How does increasing taxes put 24 million unemployed and under employed Americans back to work full time? Do you spend more money when your take home pay is reduced? Think about it? Looks like liberal brainwashing to me. don't worry, you will grow out of it, I did

    If Obama just hadn't raised cigarette taxes we'd be hiring people to pave the roads with gold.




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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by winston53660 View Post
    If Obama just hadn't raised cigarette taxes we'd be hiring people to pave the roads with gold.



    Why should taxes on cigarettes pay for roads? Excise taxes on gasoline pay for the highway system or at least that was the intent before the politicians put that money on budget and spent it just like they did with yours and my SS "contributions."

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    How does increasing taxes put 24 million unemployed and under employed Americans back to work full time?
    Raising taxes doesn't put people to work: spending does. But we can't spend if we don't collect taxes. See how that works? So we should be borrowing to spend more NOW, and then raise taxes and spend less LATER when the economy is on a solid footing. It's not rocket science.

    Do you spend more money when your take home pay is reduced?
    Well that depends, doesn't it? If you make $40k a year and that's reduced then it would likely affect what you spend. On the other hand, if you make $400 million a year, and that's reduced by 3%, it's probably not going to affect your spending one bit.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Why should taxes on cigarettes pay for roads? Excise taxes on gasoline pay for the highway system or at least that was the intent before the politicians put that money on budget and spent it just like they did with yours and my SS "contributions."

    epic-fail.jpg

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    AdamT;1059709918]Raising taxes doesn't put people to work: spending does. But we can't spend if we don't collect taxes. See how that works? So we should be borrowing to spend more NOW, and then raise taxes and spend less LATER when the economy is on a solid footing. It's not rocket science.
    You sure do have a lot of faith in the Federal govt. but very little knowledge of the components of GDP. A growing GDP 2/3 of which is consumer spending is dependent on the consumer, not the Federal govt. Allowing people to keep more of what they earn has a greater affect on the economy than govt. spending which is short term and always causes debt. When the govt. spends money, where do they get it? Taking money from you so they can turn around and spend it "on you" doesn't make a lot of sense, does it?


    Well that depends, doesn't it? If you make $40k a year and that's reduced then it would likely affect what you spend. On the other hand, if you make $400 million a year, and that's reduced by 3%, it's probably not going to affect your spending one bit.
    That is your opinion, those evil rich people employ people, yard people, house keepers, gardeners, etc. and they will be the first to go with tax hikes. Small businesses in that evil rich category will pass on costs to people like you. It doesn't appear to me that you understand basic economics and consumer behavior. Right now 47% of income earners, all under 50,000 a year pay zero in FIT, 24 million unemployed and under employed Americans are paying very little in FIT now so you have over 80 million Americans capable of paying taxes that aren't paying anything yet you want to raise the taxes on the rich? Do you realize that will generate about 80 billion a year and we have a 1.5 trillion dollar deficit?

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Raising taxes doesn't put people to work: spending does. But we can't spend if we don't collect taxes. See how that works? So we should be borrowing to spend more NOW, and then raise taxes and spend less LATER when the economy is on a solid footing. It's not rocket science.
    You sure do have a lot of faith in the Federal govt. but very little knowledge of the components of GDP. A growing GDP 2/3 of which is consumer spending is dependent on the consumer, not the Federal govt. Allowing people to keep more of what they earn has a greater affect on the economy than govt. spending which is short term and always causes debt. When the govt. spends money, where do they get it? Taking money from you so they can turn around and spend it "on you" doesn't make a lot of sense, does it?
    You seem to think you know a lot more than you actually know. The truth is that economists have studied these things and it's clear that tax cuts are among the least efficient means of stimulating the economy. That is true for the fairly obvious reason that many people who receive a tax cut will not put the money back into the economy. A number of people will put the money in a savings account. Others will pay down debt. Laudable things to do, for sure, but not the inetent of stimulus.

    Well that depends, doesn't it? If you make $40k a year and that's reduced then it would likely affect what you spend. On the other hand, if you make $400 million a year, and that's reduced by 3%, it's probably not going to affect your spending one bit.
    That is your opinion, those evil rich people employ people, yard people, house keepers, gardeners, etc. and they will be the first to go with tax hikes.
    Yes, it is my opinion that if you raise someone who makes $400 million a years taxes by 3%, that person is not going to start cutting his own lawn and cleaning his own toilets because of the additional tax burden. If you think that's not true then you aren't thinking rationally.

    See, here' the deal: we have a choice to raise taxes on someone who has virtually no disposable income, or we can raise taxes on someone who has a sh*t-ton of disposable income. Seems like kind of a no brainer to me.
    Last edited by AdamT; 08-03-11 at 07:51 PM.

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