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Rasmussen: Rick Perry now up 11 points on GOP field

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Not sure where you get your information but FIT does NOT include payroll taxes and if you ever looked at the U.S. Budget you would know that. Payroll taxes fund SS and Medicare which are another line item in revenue as well as expense. Wonder why those are on budget? Hmmm, thought they were in that Gore lockbox.

I posted the data right from bea.gov. Suggest you go there and see the information. If you believe that tax cuts cause deficits, send yours back for you are still getting it today.

Wow (again).... do you have read other people's posts or do you just continue to robo-post you same tired stuff without really addressing other peoples points?

I said Federal Revenues include payroll taxes (such as FICA), not federal income tax. It is federal revenues that exceed $2T annually... and it is federal revenue that increased after the Bush tax cuts. This is because the increase in payroll taxes masked the decrease in income tax revenue.

If we just speak of income taxes... individual income tax revenue has NEVER exceeded $1.2T, it it decreased by 20% after the Bush tax cuts (um, cut taxes, you expect to cut tax revenue.... it worked well.) Individual income tax revenues fell from just north of $1T in 2000 to less than $.8T four years later.. a 20% drop (NOT an increase, as you continually state) Even if you threw corporate income taxes, federal income tax revenue never exceeds $1.5T... about 1/2 of what you are telling us you get from "bea.gov". Your numbers are NOT correct.

You asked where I got my numbers. Unlike you, I actually gave you a link to the actual budget and its tables (http://www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf).
I directed you to table 2.1, where, if you bothered to follow my link you would have 1) not asked where the numbers came from, 2) not challenged me as to whether I actually have looked at the budget since that is exactly what is at the other end of the link and 3) you would have seen actual Individual Income Tax Revenue, Corporate Income Tax Revenue, Excise Tax Revenue and Social Insurance and Retirement receipts (various payroll taxes), etc.... all of the components of Federal Revenue, year by year since 1934. You will note that Federal Revenue, all in, never exceeded $2.568T....yet, your numbers are larger (you cited $2.79T per BEA.gov for 2008) That can not be.

Let's try another (in)sanity check on your numbers. You often speak of the $3.8T cost of government (2009). My numbers (from table 3.1 of the budget, see link) confirm this.... but this spending includes disbursements for social security. So, if you are stating that income tax revenue is $2.79T, and total expenditures are $3.9T (2009), then the deficit is but $1T.... but wait, the expenditures income spending on social security (see table 3.1) and your revenues do not (as you state they are federal income tax revenues)... so, to make apples be apples, we need to add the $.9T the government received from Social Insurance and Retirement receipts (see table 2.1) and our total revenues for 2008 are now, according to your intrepretation of BEA numbers are now $3.7T ($2.79T federal income tax + $.9T payroll tax). Let's see, $3.7T revenue versus $3.9T expenditures (forgive mixing 2009 and 2008), so our deficit, according to your BEA numbers is just $200B. Either you have solved our deficit problem while the rest of us are busy fussing about it, or (I think a bit more likely) your federal income tax revenue numbers are not correct and thus do not support your argument.

As a professional numbers guy, with a posted link to the actual table at BEA.gov from which you extracted, derived or otherwise created your numbers, I might be able to help you with the reconciliation.
 
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They do have an obligation to Americans. If they are getting government money and backing by screwing over the rest of us Americans with policies that heavily favor them just because they have the money to do so, they should be giving a good deal back, even if just to help themselves.

To a point, I do, although I would rather see alternative fuel made bigger than oil. I don't have a problem with domestic drilling, but considering I had distant relatives who were being paid by the government (at least before 2000, not sure about now) to keep their oil wells closed, I think it may be more prudent to check those out first. And I do insist that they meet certain safety and environmental standards to avoid causing more pollution.

OPEC is making money. Commodities speculators are making money. The oil companies are making some money, but you shouldn't get caught up in the dollar figures....

An oil company spent billions back in the 70's to build several refineries here in the United States, and they've literally lost money every quarter for 20 years on that investment. In the last 10 years this has turned around and they are now making a profit, and a big profit at that. Only that doesn't tell the whole story. ...Profit as a percentage of revenue ends up only being 1 or 2%, or maybe even a fraction of a percent because the cost of drilling, shipping and refining oil is astronomical. While they might make...lets say $600B a quarter, the cost of doing business is anout $596B, with this model the oil company is only doing a little better than half a percent profit.
 
They do have an obligation to Americans. If they are getting government money and backing by screwing over the rest of us Americans with policies that heavily favor them just because they have the money to do so, they should be giving a good deal back, even if just to help themselves.

To a point, I do, although I would rather see alternative fuel made bigger than oil. I don't have a problem with domestic drilling, but considering I had distant relatives who were being paid by the government (at least before 2000, not sure about now) to keep their oil wells closed, I think it may be more prudent to check those out first. And I do insist that they meet certain safety and environmental standards to avoid causing more pollution.

See, this is where you guys lose me. Oil has been less profitable in recent years than has fast food and the computer industries. Where is the indignation there? - aside from the plaintiff's bar and the first lady making noises about obesity. You guys see a going concen and assume foul play is going on, or deep pockets to harrass.

Alternative fuel remains a pipe dream, so to speak. We need affordable oil. Fast. We need more domestic drilling. Now.

Of course Perry has their backing. He's not hostile to them.
 
Correct, and the obligation of a public representative is to protect public health from industry that does not have that obligation, as you just pointed out.

That is why they are called public representatives, and not oil representatives.

Let me try once more. In what way is the oil industry threatening public health?

(And where's your little sunflower thingy?)
 
OPEC is making money. Commodities speculators are making money. The oil companies are making some money, but you shouldn't get caught up in the dollar figures....

An oil company spent billions back in the 70's to build several refineries here in the United States, and they've literally lost money every quarter for 20 years on that investment. In the last 10 years this has turned around and they are now making a profit, and a big profit at that. Only that doesn't tell the whole story. ...Profit as a percentage of revenue ends up only being 1 or 2%, or maybe even a fraction of a percent because the cost of drilling, shipping and refining oil is astronomical. While they might make...lets say $600B a quarter, the cost of doing business is anout $596B, with this model the oil company is only doing a little better than half a percent profit.

While it's true that the oil biz isn't a high margin business, it does an insane volume. As a result, they make enormous profits. That's PROFITS -- not gross revenue. Exxon profit (not gross) in the second quarter was $10.7 billion. That, of course projects to over $40 billion per year. Profit.
 
Thanks, Adam.

What is the most profitable industry?

That I couldn't tell you.

Interestingly, though, when I was looking I found that the professions with the highest profit margins are almost all health care related.

Another bit of info.: at least in 2005, crude oil production and mining was No. 1 for return on revenue.
 
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See, this is where you guys lose me. Oil has been less profitable in recent years than has fast food and the computer industries. Where is the indignation there? - aside from the plaintiff's bar and the first lady making noises about obesity. You guys see a going concen and assume foul play is going on, or deep pockets to harrass.

Alternative fuel remains a pipe dream, so to speak. We need affordable oil. Fast. We need more domestic drilling. Now.

Of course Perry has their backing. He's not hostile to them.

No, we could easily reduce our reliance on oil pretty quickly. We just have to work to do it. Give incentives, major incentives, for companies and homeowners to install solar panels and/or wind turbines on buildings. Encourage buying automobiles with better and better gas mileage and encourage the creation of alternatively powered cars and trucks. Encourage use of public transportation and carpooling. Maybe make it harder for people to get a driver's license (God knows there are a lot of bad drivers out there as it is).

Perry has shown that he is very willing to give government money and contracts to big campaign contributors without a second thought to the environment or even how much good they will actually be doing for the American economy overall.
 
That I couldn't tell you.

Interestingly, though, when I was looking I found that the professions with the highest profit margins are almost all health care related.

Another bit of info.: at least in 2005, crude oil production and mining was No. 1 for return on revenue.

The answer is not oil.
 
Unemployment in Texas doesn't look all that great when compared with others.

statebystate.jpg
 
No, we could easily reduce our reliance on oil pretty quickly. We just have to work to do it. Give incentives, major incentives, for companies and homeowners to install solar panels and/or wind turbines on buildings. Encourage buying automobiles with better and better gas mileage and encourage the creation of alternatively powered cars and trucks. Encourage use of public transportation and carpooling. Maybe make it harder for people to get a driver's license (God knows there are a lot of bad drivers out there as it is).

Perry has shown that he is very willing to give government money and contracts to big campaign contributors without a second thought to the environment or even how much good they will actually be doing for the American economy overall.

Yeah, Perry's a total prick, no doubt.

This has been fun, but i have to be at work in 8 hours. Time to hop on my bike!

Night all.
 
Let me try once more. In what way is the oil industry threatening public health?


Through pollution:

"(Washington, D.C. – April 17, 2009) After a thorough scientific review ordered in 2007 by the U.S. Supreme Court, the Environmental Protection Agency issued a proposed finding Friday that greenhouse gases contribute to air pollution that may endanger public health or welfare.

“This finding confirms that greenhouse gas pollution is a serious problem now and for future generations."

If you are interested, you and read more here:
04/17/2009: EPA Finds Greenhouse Gases Pose Threat to Public Health, Welfare / Proposed Finding Comes in Response to 2007 Supreme Court Ruling

(And where's your little sunflower thingy?)

Do you mean the sun? Its right here ~ :sun
 
Unemployment in Texas doesn't look all that great when compared with others.

View attachment 67115210
Along with this map you need to show how many people are moving to Texas and what the population increase is, or else this map is useless. No one else has explained why the mass migration to Texas comparatively, and I can't think of why anyone would move from another state to Texas for a minimum wage job.
 
I noticed that most the states in red (with high unemployment) are either red states (ie republican leaning) or have republican governors
Your probably right, but how many government employees do the blue states have compared to the red, you need to do some comparisons.
 
The point of providing social insurance is so that those who reach retirement age without adequate savings will not have to live out the remainder of their life in utter poverty. However, if you are not in poverty and have a liquid net worth of over $500,000.00, not being able to draw from S.S.

I understand you are not a fan of real economic analysis, but you never know:



snip



Source

So, no answer to my question, how about a little logic and common sense and less of that so called analysis?
 
Along with this map you need to show how many people are moving to Texas and what the population increase is, or else this map is useless. No one else has explained why the mass migration to Texas comparatively, and I can't think of why anyone would move from another state to Texas for a minimum wage job.

It is all about the comparisons. You could move from some state with a high cost of living to TX, where the cost of living is real low. If you are making minimum wage or just around minimum wage in both places but you can actually afford decent housing and to eat in TX but not whatever state you were living in, then it is worth it to move to TX. Plus, if you live in a state where you can't find a job, but there is some job opening for what you know how to do in TX, then why not move to TX.

Then, you have to figure that some people are sort of moved there without much choice. One good example, since we are talking about TX, is military spouses. Military spouses usually go where their spouse gets stationed. It is quite possible that they had a decent job whereever they were, but, considering the benefits from the military, many spouses give up okay paying jobs for minimum wage or just above minimum wage jobs to be with their spouse. This would also apply to others outside of the military who move to TX for their job but the spouse can't find a job/decent job when the family gets there.

Another thing that could affect the numbers is people simply taking chances and those chances going south, but they can't really afford to move back. This actually happened to my family when I was 17. My mother got a job in SC, we bought a home and moved, and then my mother lost her job because of some stupid rule they had about bank accounts (they told her she had to get a checking account for her direct deposit at a specific bank after she started working there). She lost her job and we were living off my father's WalMart paycheck at least til I went into the Navy.
 
So, no answer to my question, how about a little logic and common sense and less of that so called analysis?

I do not respond to open ended questions, so do us both a favor and try not to waste your time in the future. Ok?

From Wiki:

Analysis is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it.

The sheer scope of the macro economy renders common sense a useless tool for establishing a cause/effect relationship with various macro data. The same data you continue to misrepresent on a daily basis. I know it is far too late for you to gain a clear understanding of our economic and financial realities, but try not and water down the discussion with ideological driven rhetoric.
 
I do not respond to open ended questions, so do us both a favor and try not to waste your time in the future. Ok?

From Wiki:



The sheer scope of the macro economy renders common sense a useless tool for establishing a cause/effect relationship with various macro data. The same data you continue to misrepresent on a daily basis. I know it is far too late for you to gain a clear understanding of our economic and financial realities, but try not and water down the discussion with ideological driven rhetoric.

Oh, I have all the time in the world as a retired capitalist. Interesting that you seem to believe it is ok to have your money "taken" by the govt. and put into a SS fund and then never get it back. Seems that "libertarians" have a problem with logic and common sense as well, not all, just some that post here. Seems that only "libertarians", some that post here are the intelligent ones and post theory as fact and ignore actual facts. Let me know when you are going to address questions. In the meantime remember

Rick Perry, net job gain, increasing labor force, more jobs today than when Obama took office, and a two year balanced budget; Barack Obama net job loss, declining labor force, less people working, and 4 trillion ADDED to the debt.
 
And one cannot help but notice that the four states abutting Texas ALL have lower unemployment rates.

So haymarket, you seem to love percentage change as well and ignore actual numbers. Let me help you

Rick Perry, net job gain, increasing labor force, more jobs today than when Obama took office, and a two year balanced budget; Barack Obama net job loss, declining labor force, less people working, and 4 trillion ADDED to the debt.
 
Yeah, and let's add -- U.S. as a whole, declining unemployment -- Texas, rising unemployment. And of course Perry used Obama's stimulus money to help balance Texas' budget.

Important also not to forget that Texas has a weak governor system, so Perry actually has less influence over Texas' outcome than any other governor in the country has over his or her state's outcome.
 
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Yeah, and let's add -- U.S. as a whole, declining unemployment -- Texas, rising unemployment. And of course Perry used Obama's stimulus money to help balance Texas' budget.

Yet you support someone who has higher unemployment and someone who has lost jobs, added trillions to the debt, increased the misery index, and promotes the nanny state. Is the population of the country declining? How do you think the 25+ million unemployed and under employed Americans feel about the Obama record? Wonder if they are in the 38% that support Obama.

Pretty simple comparison

Rick Perry, net job gain, increasing labor force, more jobs today than when Obama took office, and a two year balanced budget; Barack Obama net job loss, declining labor force, less people working, and 4 trillion ADDED to the debt.
 
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