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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
    Taxes aern't a punishment. They're the price for living in a civilized nation
    Yet 47% of income earners don't pay any FIT. Is that their fair share?

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

    Quote Originally Posted by The Barbarian View Post
    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?
    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.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Conservative View Post
    Yet 47% of income earners don't pay any FIT. Is that their fair share?
    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.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    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.
    The numbers posted are from 2009 and come from IRS data

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

    Quote Originally Posted by Conservative View Post
    The numbers posted are from 2009 and come from IRS data
    Which doesn't address what I said.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom.
    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

  7. #547
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    Which doesn't address what I 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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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Prof View Post
    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


    Finding answers involves solutions.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Conservative View Post
    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
    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).

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    no president controls the economy
    LOL!

    some sure try

    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

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