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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

    Quote Originally Posted by AdamT View Post
    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.





    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.
    Economists don't pay for individual living expenses, take home pay does. Not sure what economists you are paying attention to but I can provide you a list of economists that disagree with you as does logic and common sense. There are four components to GDP, figure out what they are and how much they contribute. Once you figure that out you will understand why tax cuts benefit the economy.

    The stimulus program by all measurement has been a disaster and the results show it. Obama spent over 800 billion dollars and created economic growth for a couple quarters in 2010 then that died out and we have the current very poor economic growth. We were left with 4 trillion added to the debt. Maybe when liberals complaining about not enough taxes being paid get out into the real world and start paying those taxes they would then better understand what a mess Obama has made.

    Are you telling me that someone making any income cannot pay something to the Federal govt. for the services they receive? Sounds pretty naive to me.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    we should be borrowing to spend more NOW
    even obama learned, and he's like the last holdout

    Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News

    put it this way, stimulus today is so non starter the slasher can't even pronounce the suddenly obscene s word

    Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com

    Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com

    vote obama, 2012!

    we've got to BORROW so we can SPEND more NOW!

    LOL!

    seeya at the polls, progressives

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    from governor cuomo's rarely bold and visionary state of the state, jan 5:

    "we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"

    "the costs of pensions are exploding... a 476% increase and its only getting worse"

    "the state of new york spends too much money, it is that blunt and it is that simple"

    "an unsustainable rate of growth and it has been for a long time"

    "not only do we spend too much, but we get too little in return"

    "the large government we have is all too often responsive to the special interests over the people"

    "new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"

    "what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"

    "this is a fundamental realignment for the state"

    "the old way wasn't working anyway, let's be honest"

    "we want a government that puts the people first and not the special interests first"

    "what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"

    "and that's what's going to make us the empire state again"

    "at the heart of this state is business"

    "we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"

    "we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"

    "westchester county has the highest property taxes in the united states, nassau county has the second highest"

    "it has to end, it has to end this year"

    "we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"

    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    "we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"

    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Economists don't pay for individual living expenses, take home pay does. Not sure what economists you are paying attention to but I can provide you a list of economists that disagree with you as does logic and common sense. There are four components to GDP, figure out what they are and how much they contribute. Once you figure that out you will understand why tax cuts benefit the economy.

    The stimulus program by all measurement has been a disaster and the results show it. Obama spent over 800 billion dollars and created economic growth for a couple quarters in 2010 then that died out and we have the current very poor economic growth. We were left with 4 trillion added to the debt. Maybe when liberals complaining about not enough taxes being paid get out into the real world and start paying those taxes they would then better understand what a mess Obama has made.

    Are you telling me that someone making any income cannot pay something to the Federal govt. for the services they receive? Sounds pretty naive to me.
    Yes, I would like you to provide that list of economists who say that tax cuts are the most efficient way to stimulate the economy.

    The stimulus program was effective, as we can see now that it's petering out (those lower GDP numbers you're so fond of). Unfortunately it was too small to allow the private sector to develop sufficient momentum. More is needed. Indeed, the republicans will not allow it. What was Obama's economy is now becoming the Republican's economy, as they force more and more premature cuts and prevent the extension of unemployment benefits.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion


  6. #206
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    Yes, I would like you to provide that list of economists who say that tax cuts are the most efficient way to stimulate the economy.

    The stimulus program was effective, as we can see now that it's petering out (those lower GDP numbers you're so fond of). Unfortunately it was too small to allow the private sector to develop sufficient momentum. More is needed. Indeed, the republicans will not allow it. What was Obama's economy is now becoming the Republican's economy, as they force more and more premature cuts and prevent the extension of unemployment benefits.
    This really is a waste of time, Prof has posted links, I have posted links and still you ignore them. Keep buying what you are told and a few years from now you are going to wake up and wonder what happened and how you could have been so foolish buying the liberal rhetoric. You have too much faith in liberal politicians who helped create the 14.4 trillion dollar deficit and have yet to solve a social problem. Anyone that believes the stimulus worked doesn't have any credibility because the numbers just don't show it.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    Indeed, the republicans will not allow it.
    true

    but barack the slasher hussein won't even SAY it

    now, how is MAX BAUCUS sposed to get to work on a bill no one in the party is willing even to enunciate...

    think much?

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    This really is a waste of time, Prof has posted links, I have posted links and still you ignore them. Keep buying what you are told and a few years from now you are going to wake up and wonder what happened and how you could have been so foolish buying the liberal rhetoric. You have too much faith in liberal politicians who helped create the 14.4 trillion dollar deficit and have yet to solve a social problem. Anyone that believes the stimulus worked doesn't have any credibility because the numbers just don't show it.
    You haven't posted a single link responsive to my question, notwithstanding your offer to do so.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    You haven't posted a single link responsive to my question, notwithstanding your offer to do so.
    Prof has posted link after link, I have posted actual data and links as well. None seem to suit you and are ignored. It isn't really worth it. You are going to believe what you want and learn for yourself. I was taught when a political enemy is committing suicide, get out of the way and let them so I will just get out of the way and let you learn the hard way.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Prof has posted link after link, I have posted actual data and links as well. None seem to suit you and are ignored. It isn't really worth it. You are going to believe what you want and learn for yourself. I was taught when a political enemy is committing suicide, get out of the way and let them so I will just get out of the way and let you learn the hard way.
    Neither you nor Prof has posted a link showing economists who are of the opinion that tax cuts are the most efficient way to stimulate the economy.

    Random links don't count.

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