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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 winston53660 View Post
    You can't do percentages?
    I can't, Reagan grew the debt from 900 billion to 2.6 trillion and Obama grew the debt from 10.4 to 14.5 trillion, which percentage change is more? By your standards Reagan was terrible yet the taxpayer benefited more from less debt service on 1.7 trillion than on 4.0 trillion

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

    Quote Originally Posted by Conservative View Post
    That is the way liberals always want to judge performance because a lower base looks better. You see, Reagan had a much worse percentage change in the debt than Obama yet Reagan added 1.7 trillion in 8 years and Obama has 4 trillion in less than 3. How does that percentage change work out for you?
    Why the Reagan Tax Cut Worked in 1981 and Why It Wouldn’t Work Today


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

    Quote Originally Posted by AdamT View Post
    Yeah, it also says that about 70% of those who didn't pay income tax earn less than $50k/yr. You think the rich folks are going to start a revolution to squeeze a few hundred bucks out of'em? Probably not the 1,000 millionaires who paid no income tax.
    You think that earning any income and not paying any Federal Income taxes is their fair share?

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

    Look, you want to pay more in taxes, put your money where your mouth is and send in more money. Instead you would rather spread your misery equally to everyone else.

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

    Quote Originally Posted by Conservative View Post
    You think that earning any income and not paying any Federal Income taxes is their fair share?
    No, I think they could pay a little. Just a little. Ending all of the Bush tax cuts would do the trick.

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

    Quote Misterveritis

    Let's explore your attempt.
    1)Do you agree or disagree that 70 million versus 69 million is insignificant when speaking of income earners who pay no federal income taxes?
    And what part of that post was I responding to? Here’s is a clue. From post #996

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

    2) Do you agree or disagree that federal income taxes are a specific category of taxes that are separate from all other taxes one might be exposed to?
    n/a


    3) Do you agree or disagree that most on the left want the people already paying the federal income tax to pay more. To pay, "their fair share", while at the same time arguing that people who do not pay any federal income tax should not have to because they pay some other taxes?
    n/a

    4) Do you agree or disagree that half of the people are not exempt from, say the payroll tax, or social security taxes, or Medicare taxes?
    n/a
    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 AdamT View Post
    Yeah, it also says that about 70% of those who didn't pay income tax earn less than $50k/yr. You think the rich folks are going to start a revolution to squeeze a few hundred bucks out of'em? Probably not the 1,000 millionaires who paid no income tax.
    I think those of us who are paying nearly all of the taxes are going to rebel against a system that is so obviously slanted against the productive.

    This is about the fairness of a system that takes more and more from about half of us to give more and more to the other half of us. You are riding in a wagon being pulled by others. It is time to get out of the wagon and start pulling your own load.

    I am sure that some of the 69 million, including some of the 1,000 millionaires are actually small businesses reporting their income as individuals. But many others are simply freeloaders.

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

    Quote Originally Posted by AdamT View Post
    No, I think they could pay a little. Just a little. Ending all of the Bush tax cuts would do the trick.
    So when was the last time that Congress ever cut spending? You are so naive if you believe that raising taxes is going to cause a reduction in the deficit. it will increase spending

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

    Quote Originally Posted by donc View Post
    And what part of that post was I responding to? Here’s is a clue. From post #996

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

    n/a
    n/a
    n/a
    Non responsive. No problem.

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

    Quote Originally Posted by Conservative View Post
    So when was the last time that Congress ever cut spending? You are so naive if you believe that raising taxes is going to cause a reduction in the deficit. it will increase spending

    But Rogers is still wrong. From 1981 to 1982, non-defense discretionary spending declined by $9.93 billion. Adjusted for inflation, that’s about $22.7 billion in today’s dollars. The current budget cut is not "five times larger" than that, as Rogers claimed.

    Biggest Budget Cut in U.S. History? | FactCheck.org


    d r o d r o
    97th 1981-1983 46 53 1 242 192 1

    Political Division of US Congress, Party Makeup of Congress since 1959 - Republicans and Democrats- The Mill Magazine
    Last edited by winston53660; 08-13-11 at 08:29 PM.

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