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

  1. #631
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    As posted, if it is 40% of the current labor force of 140 million is 56 million income earners not paying any taxes. Think those people can pay something? If so why go after the ones paying 38% of the taxes
    There is likely a reason they are exempt. BTW, I keep saying less than 40% and not 40%. A small point, but I do want to be accurate.

    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 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!
    Well, that's your favorite game, isn't it? How about this: when Obama took over the economy was SHRINKING at a rate of over 6% per year and the economy was losing over 700,000 jobs per MONTH. So in terms of progress, you'd have to say his results are pretty freakin' spectacular.

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

    Quote Originally Posted by donc View Post
    BURP....different thread same song.
    Yep. I bet 200 Conservative posts were lost by DP going down, but fortunately, not a single original thought.

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

    Quote Originally Posted by Conservative View Post
    Notice that you never address the FACT that those evil rich people are paying 38% of the taxes and 47% of income earners most 50,000 or less pay zero. That the liberal definition of fair share?
    Income taxes are designed to be tax discretionary income, which is income after life necessities are paid for. 47% of the people have no discretionary income. Nonetheless, this group pays more than their fair share of other taxes, including employment taxes, sales and use taxes and government fees. The reality is that though we are suppose to have progressive system designed for people to share the pain equally, we actually have a de-facto flat tax with everyone paying about 30%. It turns out that the pain is borne unequally on those least able to pay. No, the upper income is NOT paying their fair share.
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    Last edited by upsideguy; 08-12-11 at 02:36 AM.

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

    Quote Originally Posted by AdamT View Post
    Well, that's your favorite game, isn't it? How about this: when Obama took over the economy was SHRINKING at a rate of over 6% per year and the economy was losing over 700,000 jobs per MONTH. So in terms of progress, you'd have to say his results are pretty freakin' spectacular.
    The single biggest factor in stopping the decline was TARP. Something everyone loves to hate.

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

    Quote Originally Posted by Boo Radley View Post
    Politics played more of a role than doing what was right.
    LOL!

    all the more reason for making the big change at the top

    good thinking

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

    Why is it that certain people pretend that taxes that make up a combined revenue greater then income tax simply do not exist?

    Last I checked, payroll taxes were about as large as income taxes. But we rarely hear conservative talk about who pays those.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by washunut View Post
    The single biggest factor in stopping the decline was TARP. Something everyone loves to hate.
    If the idea was that TARP screwed everyone.

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

    Quote Originally Posted by obvious Child View Post
    Why is it that certain people pretend that taxes that make up a combined revenue greater then income tax simply do not exist?

    Last I checked, payroll taxes were about as large as income taxes. But we rarely hear conservative talk about who pays those.
    It's more complicated that many want to admit. With credits there are many who get back more money than they spent total in taxes.

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

    Quote Originally Posted by washunut View Post
    The single biggest factor in stopping the decline was TARP. Something everyone loves to hate.
    I agree. And we'd be in better shape if Republicans hadn't blocked it the first time around.

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