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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 Polotick View Post
    Tell me why some here are screaming to increase taxes on "the 47% who pay no taxes". I still call BS on that number, BTW. At $42K we are going down the tubes and will still pay taxes. Like so many of that mythical 47% we simply don't have the deductions to file the long form.

    Why was my call to roll corporate taxes back to pre-cut days and offer tax incentives for jobs created ignored? If tax cuts create jobs then those corporations would still get exactly the same tax rate, why the fear?

    This mess was caused by both parties and allowed by apathetic Americans who get easily sidetracked by shiny things. I can find no one who is without guilt.

    The financial market has demanded by their own actions strong regulation. Many Americans have accepted job downgrades and many more will before the end I expect.

    Where we are right now demands that action is required, not phoney math and bull**** from the political pulpit. Certainly not partisan parroting and finger pointing.
    It's because the rightwingers are hypocrits who claim to be against taxes, but want massive tax increases on the american worker
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by washunut View Post
    How do you explain their huge R&D budgets.
    What R&D budgets? You haven't posted anything about their budgets besides the lie that they have huge R&D budgets
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by AdamT View Post
    Huh, it's gone from 70 million income earners to 65 million income earners who don't pay taxes in one post. Do you have any links for these figures you're citing?

    In any case, of course raising taxes increases revenue. We saw that very clearly under Clinton, and we saw very clearly under Reagan and Bush that cutting taxes reduces revenue.

    You seemt be arguing against yourself. On the one hand you complain because x number of people aren't paying taxes, and then you complain that taxes should not be reaised. Which is it?

    What you really seem to be saying is that we should cut taxes for the rich and increase taxes on the poor and middle class. Isn't that right? And that, of course, WOULD reduce consumer demand, because the poor and middle class have comparativel little (or no) disposable income. Raise their taxes and it will translate directly to reduced consumption. The same is not true of very wealthy people who have more disposable income than they typically utilize.

    I have answered your question on whether we need a $3.7 trillion government at least three times now and you simply refuse to acknowledge it because you have no answer to my response.
    It went to 65 million because the number of jobs has decreased thus the number of income earners has decreased thanks to Obama economic policies. 47% of 140 million employed Americans gives the 65 million.

    Under Clinton we had the dot.com bubble that increased employment. There weren't 25 million unemployed or under employed Americans during the Clinton years nor the Bush years.

    I have never claimed that taxes should be raised, only that those who believe we have a revenue problem are looking in the wrong places to get their revenue and ignore the impact that increase in taxes will have.

    What I am saying is we need to cut spending, not increase taxes. You seem to believe we need to pay for a 3.7 trillion dollar govt. I am saying we need to cut that size of govt.

    You have yet to answer the question about the 3.7 trillion dollar govt. or I haven't seen it. Why do we need a 3.7 trillion dollar govt paying for these expenses when many of them are duplicated by the states.

    Expenses

    Defense
    International Affairs
    Gen. Science, Space
    Energy
    Natural resources/env
    Agriculture
    Commerce
    Transportation
    Community Dev
    Education/Train/Social
    Health
    Medicare
    Income Security
    Social Security
    Veterans Benefits
    Justice
    General Govt.
    Net Interest

    By the way, do you notice anything on the list of expenses that shouldn't be in the general budget of the U.S?

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

    Quote Originally Posted by sangha View Post
    You're the one who called for massive tax hikes on american workers
    Having trouble reading? No, you want more revenue, I showed where you can get it. Keep ignoring reality.

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

    Quote Originally Posted by sangha View Post
    It's because the rightwingers are hypocrits who claim to be against taxes, but want massive tax increases on the american worker
    Well you have to understand! If a blue collar family ends up not paying taxes because of child credits and college savings deductions and earned income tax credits, those are terrible loopholes. But if a corporation gets preferential tax treatment for it's fleet of private jets, those are tax loopholes one must fight to the death to preserve!

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

    Quote Originally Posted by AdamT View Post
    To the contrary: the private sector is hiring but that hiring is being offset in large part by layoffs in the public sector -- the consequence of lowering government spending.
    You keep buying what you are told by the leftwing media and that is making you look foolish. get the facts, the private sector isn't hiring enough to keep up with the retirements and population growth and never will until Obama is fired. There are fewer people working today in the private sector than when Obama took office, why?

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

    Quote Originally Posted by AdamT View Post
    Well you have to understand! If a blue collar family ends up not paying taxes because of child credits and college savings deductions and earned income tax credits, those are terrible loopholes. But if a corporation gets preferential tax treatment for it's fleet of private jets, those are tax loopholes one must fight to the death to preserve!
    Wonder who works on those private jets, who builds them, and then who maintains them?

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

    Quote Originally Posted by Conservative View Post
    Having trouble reading? No, you want more revenue, I showed where you can get it. Keep ignoring reality.
    You're the one who keeps calling for tax hikes on millions of working americans. Keep ignoring your own words and principles; it's what the rightwing does
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by StillBallin75 View Post
    Businesses don't hire unless the marginal efficiency of investment is going to be worth it. As of right now, most businesses simply find it cheaper to increase productivity through buying more machinery and capital than through hiring additional workers.

    But I disagree with the notion that, with regards to hiring at least, a tax credit =/= a tax cut. In both cases the business owner is being given back money by the gov't. In BOTH cases it is entirely possible for the business owner to simply pocket/save the money and not hire the workers if the marginal efficiency of investment is simply not worth it.
    Even in the event of increased use of automation e.g. electronic telephone answering systems, new jobs will be created from technicians to designers to inspectors.

    The notion that there is some glut of business demand being drown out by regulation is nonsense. Maybe this crowd can put together a valid case of the most labor intensive production and services feeling a pinch from regulation (the largest would be the minimum wage), but this is only a positive reaction in both the short and long term.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Conservative View Post
    Wonder who works on those private jets, who builds them, and then who maintains them?
    The working americans that you want to raise taxes on
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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