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United States loses its AAA Credit rating from S & P

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sangha said:
That's just nonsense. Someone is having a problem with arithmetic

The highest income tax rate is 35%. How that became 100% for hours 50-60 is mathematically impossible. It must be that rightwing math that bush* used when he claimed his tax cuts would still leave enough money to pay down the debt
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Really ?

Well seeing you are so good at math .. how about you come up with an answer


We'll plug in numbers to make it easy $20 dollars an hour … time and a half for over time .. total tax load of 50% (federal, SS, Medicare, and state taxes)

What is his tax on 20 hours of over time ?? if I have it figured right … it would be an additional $350 dollars .. . is that not equal to 10 hours of overtime pay ?
 
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Boo Radley said:
So, he is the formost (sic) expert and his comments are undisputed?
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who, cuomo?

LOL!

he sure knows more about it than, oh, some language-challenged dept chair who links to new south wales on behalf of school teachers in new york

ask the people of the empire state, one of the darkest blue commonwealths in the union

Top Republican and Democratic states according to Gallup - Mackenzie Weinger - POLITICO.com

Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com
 
The Prof said:
who, cuomo?

LOL!

he sure knows more about it than, oh, some language-challenged dept chair who links to new south wales on behalf of school teachers in new york

ask the people of the empire state, one of the darkest blue commonwealths in the union

Top Republican and Democratic states according to Gallup - Mackenzie Weinger - POLITICO.com

Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com
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So, if he says something you disagree with, he's still correct, right?
 
Boo Radley said:
I think there is a difference between conservatives and republicans. I don't think republicans hold any such core value. Like democrats, they go the way of the most money spent on them and who they are beholden to.

I would ask you, why hold on to something you say can't be proven? If it was clear cut that tax cuts spur growth (create jobs), wouldn't the evidence clearly support it? Government doesn't control the economy, and can't, unless they are given control over the economy. Government can't create jobs, unless they do the hiring.


Politicians will say what they have to, and are only vigilent when it hurts the other party. We've seen both parties do nothing when they have all the power.
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Well it's good to hear a liberal finally admitting that Bush didn't create this mess we are in huh ? after all you say Government doesn't control the economy right ?

So tell me why are you holding onto the need for tax increases? after all you can't prove that they do anything for the economy now can you ?
 
The Barbarian said:
Well it's good to hear a liberal finally admitting that Bush didn't create this mess we are in huh ? after all you say Government doesn't control the economy right ?

So tell me why are you holding onto the need for tax increases? after all you can't prove that they do anything for the economy now can you ?
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Never said Bush created the problem with the economy. He certainly spent, and two wars were not helpful, but no president controls the economy. That said, if you're goign to try and blame Obama, you have to include Bush in order to be logical in any way.

As for tax increases, the debt is huge. One single approach is less likely to be effective as a multiple approach. Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom. I accept this will be needed. So, share the burden. The top as well should ante up. Tax increases are not about helping the economy or providing jobs, but about reducing the debt. other factors will rule the economy, few of which have anything to do with the government.
 
Boo Radley said:
Expert? Are you not just as certain of your position? As for voting, are you saying that every election has always produced the best possible results and never has gone contrary to the evidence? really?
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What evidence? Are you claiming that op ed pieces from people with an agenda is factual evidence but elections aren't? Seems to me that facts get in the way of your opinion. Find out what happened in Nov. 2010 and then pay attention to what happened in 2011. How anyone can support Obama is beyond me.

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
The Prof said:
you're asking ME?

LOL!

how petty is your perspective

the PEOPLE OF NEW YORK apparently agree with him

hello

Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com

Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

Top Republican and Democratic states according to Gallup - Mackenzie Weinger - POLITICO.com
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Again, if he is always right, just say he is always right. And then we'll see if you actually do accept everythign he says.
 
sangha said:
The rightwing thinks the first $10T of debt, racked up by repubs, has nothing to do with the downgrade :roll:
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Nice spin, who said that the first 10 trillion was a good thing? How did that lead to another 4 trillion added to the debt? obama put Bush spending on steroids and yet that is fine with you?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
Boo Radley said:
Never said Bush created the problem with the economy. He certainly spent, and two wars were not helpful, but no president controls the economy. That said, if you're goign to try and blame Obama, you have to include Bush in order to be logical in any way.

As for tax increases, the debt is huge. One single approach is less likely to be effective as a multiple approach. Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom. I accept this will be needed. So, share the burden. The top as well should ante up. Tax increases are not about helping the economy or providing jobs, but about reducing the debt. other factors will rule the economy, few of which have anything to do with the government.
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Thank you, then you should agree, that any increase in taxes, should be used for the single purpose of paying down our debt and nothing else correct ? You would go along with any tax increase is to be applied to only the principal of our debt, and not be used for any other purpose?
 
sangha said:
Reagan nearly doubled fed spending from 590.9B to 1,064.4B
Historical Federal Receipt and Outlay Summary
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Aw for a 2.6 trillion dollar debt today? Obama inherited an AAA rating from Bush and saw it downgraded. That is now on the Obama resume along with his record.

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
The Barbarian said:
Thank you, then you should agree, that any increase in taxes, should be used for the single purpose of paying down our debt and nothing else correct ? You would go along with any tax increase is to be applied to only the principal of our debt, and not be used for any other purpose?
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I think that should be the major purpose. But we still have to deal with the public disconnect. You can't have services without paying for them. This has to made clear, and then they can decide what is worth paying for, and what isn't. But, we largely agree it should be part of a plan to decrease the debt.
 
Conservative said:
Yet 47% of income earners don't pay any FIT. Is that their fair share?
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We've gone over this already. It's even been shown that 47% number is an anomially. The number is more often under forty percent.
 
Boo Radley said:
We've gone over this already. It's even been shown that 47% number is an anomially. The number is more often under forty percent.
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The numbers posted are from 2009 and come from IRS data
 
Boo Radley said:
Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom.
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leaders do not spend their time doling out measures of PAIN

instead, in crucial times like ours, they find ANSWERS

"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"

cuz if the democrat governor and the majority of the people of new york have abandoned you...

must be lonely
 
Boo Radley said:
Which doesn't address what I said. :roll:
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It addresses reality today and it reality today that matters. Doesn't really matter though since we have a spending problem not a revenue problem. Don't care that 47% don't pay any FIT but apparently since you think we have a revenue problem, there is where you can get more of what you want. The rich cannot fund your liberal spending appetite
 
The Prof said:
leaders do not spend their time doling out measures of PAIN

instead, in crucial times like ours, they find ANSWERS

"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"

cuz if the democrat governor and the majority of the people of new york have abandoned you...

must be lonely
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:roll:

Finding answers involves solutions.
 
Conservative said:
It addresses reality today and it reality today that matters. Doesn't really matter though since we have a spending problem not a revenue problem. Don't care that 47% don't pay any FIT but apparently since you think we have a revenue problem, there is where you can get more of what you want. The rich cannot fund your liberal spending appetite
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No, it didn't do that either. 2009 numbers are only releative to 2009. We have to also look at other years. They too show reality.

And no, I said we have a debt problem, whihc includes both a spending problem and a revenue problem (taxes).
 
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