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Thread: United States loses its AAA Credit rating from S & P

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by sangha View Post
    More than 50% of the top 400 earners paid no FIT
    Of the 69 million who are not paying federal income taxes I wonder how many are small businesses?

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by sangha View Post
    Didn't bush* inherit an economy that was growing and turn it into an economy that was shrinking and shedding jobs?
    Here is an alternative view:

    The American people -- for good reason -- did not buy Clinton's talk, as we see that he got only 43 percent of the popular vote, which is less than the poor 45.6% picked up by Michael Dukakis four years earlier. Clinton walked into the White House with a solidly recovered economy and a victorious United States (following the Soviet collapse and Gulf War One), which was the best plate handed over to any U.S. president in recent memory. Indeed, the smorgasbord was better than what Clinton left for his successor, George W. Bush, which included an economy one foot in a recession, a crashing stock market, corporate America cooking the books, and a corroding jobs market (read here all the numbers).
    The Clinton Tax Myth (Clinton raised taxes on the top earners and then gained 22 million jobs?)

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by evanescence View Post
    So your answer to the budget problems is to raise taxes on people who can't afford it?
    Just for the sake of moving the argument forward has the left every considered not raising taxes on any just because they could not afford it? Oh wait. If someone earns more than you of course they can afford it.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Thunder View Post
    if the GOP keeps playing by the same rule-book, the polls in 2012 will be very good for Progressives
    The really best part is that you don't even see your defeat coming.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Misterberitis

    The article you referenced goes on to say that many will get money rather than pay money.

    And it also stated that ….<That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.>which you evidently failed to notice.

    But one thing that the article didn’t note was the workings poor don’t stop paying SS for the entire year, unlike the trust fund pool setters that pay 15% on their dividends.

    Any guess who pays the most in overall tax, as a percentage of income?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by RiverDad View Post
    Paraphrasing Clinton's "It's the economy, stupid" - "It's the population, stupid."

    - Having a fast breeding underclass, importing millions upon millions of high school drop-outs, creates the problem you highlight. Commodity labor, aka unskilled labor, can be had all around the world, so price for that labor will find an equilibrium. Too bad for us that the equilibrium is lower than what it takes to earn a living in the US.
    The less stable people perceive their environments, the more children they tend to have. It's an actual studied phenomenon. Provide a stable environment, breeding reduces over all.

    Quote Originally Posted by RiverDad View Post
    - The US is one of the highest cost of living societies in the world. The liberal penchant for extreme real estate zoning laws prices a home on a 10,000 SF lot to the value of a home with a 15,000 SF. All of the government mandates on employees come at a cost, which is why California's regulation zealotry is driving businesses from the state.

    Liberals claim that their efforts are directed towards creating "the good life" for who doesn't appreciate efforts which force employers into giving Muslims a prayer room to use during the day or forcing employers to prohibit their sales forces from not entertaining clients at nudie bars because this disadvantages female sales reps. There are costs associated with all of these interventionist efforts and these costs increase the feasibility of creating and maintaining jobs.
    The heaviest burden is on small businesses. Corporations are big enough to influence government policy in their favor. Reverse corporate personhood.

    Quote Originally Posted by RiverDad View Post
    - As Rumsfeld noted "You go to war with the army you have" well, there's little a president can do about getting rid of the stupid in our society and undoing all of the past liberal intervention, so political choices are more tightly constrained when it comes time to find a political solution.

    - Sometimes we all have to sleep in the bed that liberals made for us, whether we like it or not.
    I believe that neo conservatism is just as damaging. Both extreme views are being used by the elite to keep average Americans divided and bickering amongst themselves. Great strategy.

    Quote Originally Posted by Misterveritis View Post
    The new mantra. Om....Om....Om...no. It isn't working.
    But I suppose having the half of the American people who do not currently pay any federal income tax pay something would appear to be a massive tax increase. It just seems like the right thing to do to avoid a revolution...
    Rather than simply creating simpler tax codes, you propose the equivalent to squeezing water from a rock. So what kind of revenue can the government raise on the broken backs of the poor? The middle class American is already seeing a significant increase in cost of living. Higher taxes would crush an already weakened economic class.

    Quote Originally Posted by megaprogman View Post


    Did you just cite free republic? Seriously?
    Some of the sources posted in this thread have been seriously lacking in credibility lately.
    “In politics, stupidity is not a handicap.” -Napoleon

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    Not at all. I credit Obama with doing as well as he could given where he started and given the resistence he faces. You simply want to ignore the starting point.
    Nice picture. Was it you that claimed the one term Marxist president Obama, really had not control in his first year as the budget has been set by the outgoing Bush?

    Things get complicated.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by evanescence View Post
    The less stable people perceive their environments, the more children they tend to have. It's an actual studied phenomenon. Provide a stable environment, breeding reduces over all.
    This is very context specific.

    The heaviest burden is on small businesses. Corporations are big enough to influence government policy in their favor. Reverse corporate personhood.
    I agree with your observation and I too am dead set opposed to rentseeking arrangements. That's the problem with big government - it's where all the action is and it's often more efficient to deploy resources to corrupt the rules and rulemakers than it is to become more competitive. Your conclusion is something I disagree with.

    I believe that neo conservatism is just as damaging.
    Damaging, most certainly. Just as damaging, not by a country mile. The neoconservative douches have had most influence in foreign policy and they've screwed us pretty good. Liberal damage to society has been far more pervasive and wide reaching.

    Both extreme views are being used by the elite to keep average Americans divided and bickering amongst themselves. Great strategy.
    Because there is an overlapping dynamic - Right vs. Left is overlapped by elite versus non-elite. Politicians of the Right and the Left have more in common, as members of the elite, than they do to their respective bases.

    Rather than simply creating simpler tax codes, you propose the equivalent to squeezing water from a rock. So what kind of revenue can the government raise on the broken backs of the poor? The middle class American is already seeing a significant increase in cost of living. Higher taxes would crush an already weakened economic class.
    If you decrease the cost of living, and hold incomes constant, then this frees up resources which can be taxed and the quality of life does not suffer any diminishment.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by evanescence View Post
    The government is thoroughly corrupted, and it certainly it doesn't work for average people. And while Americans are bickering about which party to blame, nothing changes. All sides have failed us.
    Perhaps then you will join with me to demand a balanced budget amendment so this cannot happen again.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by evanescence View Post
    I believe that neo conservatism is just as damaging.
    i don't think you're using that word quite the way you want to

    Neoconservatism - Wikipedia, the free encyclopedia

    fyi

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