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

  1. #621
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Prof View Post
    well, governor cuomo of new york---for example---states unequivocally that "the people of this state simply cannot afford to pay any more taxes, period"
    Shhh, don't tell that to the liberals who will soon find out that taxpayers are fleeing the state and there won't be enough left to fund their liberal spending appetite

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

    Quote Originally Posted by AdamT View Post
    No one is suggesting that we raise taxes to "crushing levels". That is a straw man argument.
    OMG, that is SO true.

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

    Quote Originally Posted by Phys251 View Post
    OMG, that is SO true.
    Then address the issue since no other liberal will. How much revenue do you expect to raise on increased taxes for the rich? Then compare that to the amount available from the 65 million income earners who aren't paying anything at all in FIT?

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

    And the large government we have is all too often responsive to the special interests, over the people of the State of New York. The proof is in the pudding. And 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. We must use this moment to transform our government.
    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

    "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"

    "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 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"

    leadership, anyone?

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

    Quote Originally Posted by AdamT View Post
    No one is suggesting that we raise taxes to "crushing levels".
    the extremely popular and so far very successful democrat governor of new york says the people of his state can't afford to pay ANY more taxes...

    period

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

    point being---just how far, realistically, can some tax the greedhead movement go?

    when probably the most successful democrat leader in the nation is standing in the way?

    reality trumps fantasies, francis

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

    Quote Originally Posted by The Prof View Post
    candidate obama would raise taxes even if they DON'T yield revenue

    charlie gibson (the guy who got the gotcha girl, palin): "in each instance when the rate was dropped the revenue from the tax increased, the govt took in more money, and in the 1980's when the tax was increased to 28% the revenues went down"

    obama: "well, charlie, what i've said is i would look at raising the capital gains tax for purposes of fairness, we saw an article today which showed that the top 50 hedge fund managers made 29 billion dollars last year, 29 billion dollars for 50 individuals, and part of what has happened is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries, that's not fair"

    charlie: "but history shows when you drop the capital gains tax the revenues go up"

    obama: "that might happen or it might not"

    FLASHBACK: Obama Says Raising Taxes Not About Revenue But About Fairness - Katie Pavlich

    hey, raise the rates---revenues MIGHT go up

    LOL!

    know who you're dealing with
    Charlie Gibson didn't know what he was talking about. Sure, if a Capital gains tax is lowered, the owner of the asset will wait until he can take advantage of the lower rate. So, in the current year revenue will be lower and the following year the revenue will rise. But long term you have less revenue with the lower rate. It's a math problem.

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

    Quote Originally Posted by pbrauer View Post
    Charlie Gibson didn't know what he was talking about.
    LOL!

    barack hussein the slasher obama---i will raise capital gains taxes for purposes of fairness to secretaries WHETHER OR NOT revenues increase or decrease

    because, after all, as the candidate clearly says, "that MIGHT happen...

    "or it MIGHT NOT"

    either way, there's not enough revenue in the milky way to make good on 5.3 trillion dollars per year

    if something isn't done NOW to fundamentally restructure our budgets, then our big 3 federal entitlements (as well as state pensions) will simply cease to exist as we know them for our next generation

    party on, progressives

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

    Quote Originally Posted by The Prof View Post
    ...party on, progressives
    oh, we will.

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

    Quote Originally Posted by Thunder View Post
    oh, we will.
    It really is a shame that so many continue to support someone with these kind of results. Doesn't make any sense to anyone that has ever produced positive results or managed anything. Only those that buy rhetoric and ignore results don't understand responsibility.

    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!

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

    Quote Originally Posted by Conservative View Post
    It really is a shame that so many continue to support someone with these kind of results. Doesn't make any sense to anyone that has ever produced positive results or managed anything. Only those that buy rhetoric and ignore results don't understand responsibility.

    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!
    BURP....different thread same song.
    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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