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Thread: Obama Plan Would Boost GDP, Economists Say(edited)

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by AdamT View Post
    No one has ever denied that tax cuts are stimulative. But it is one thing to use them for short-term stimulus and another thing entirely to employ them long-term without paying for them.

    It's also true that tax cuts aren't the most effective form of stimulus, but they are most likely the only form of stimulus that republicans will support.
    Are you telling me that cutting SS/Medicare taxes are the answer? why would you support taking more funds from an underfunded program that is designed to provide a retirement supplement to you but not the Bush tax cuts which didn't hurt SS/Medicare funding? Tax cuts always put more money into people's hands which is a good thing, the problem with this one is that it taxes money from the underfunded entitlement programs yet you have no problem with it?

    All these years of railing against the Bush taxes cuts but now having no problem with cutting SS/Medicare? That is partisan bs.

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Tettsuo View Post
    The cost of inaction is much greater than the cost of action.
    Not necessarily. If the action is ineffective and a waste of money when you're broke and in debt then inaction isn't actually costly at all.

    Obama Plan Would Boost GDP, Economists Say - Bloomberg

    So if the option is to simply cut services then wait and see, we're in for a long cold recession, but if we act it could improve things across the board.
    Google the words "Economists say stimulus would boost the economy" and see what predictions the Krugman psychics said before that never came true. Then see what foolishness was their excuse... "We needed more stimulus," you see we're so deep in a hole that digging faster might keep us from noticing whats going on.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by Conservative View Post
    Are you telling me that cutting SS/Medicare taxes are the answer? why would you support taking more funds from an underfunded program that is designed to provide a retirement supplement to you but not the Bush tax cuts which didn't hurt SS/Medicare funding? Tax cuts always put more money into people's hands which is a good thing, the problem with this one is that it taxes money from the underfunded entitlement programs yet you have no problem with it?

    All these years of railing against the Bush taxes cuts but now having no problem with cutting SS/Medicare? That is partisan bs.
    It doesn't particularly matter where the tax cuts come from. As you've pointed out many times, the general fund is in debt to the SS trust fund. So why would it be better to pull revenue from the general fund? In either case we will have to borrow more to pay for the cuts.

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by Objective Voice View Post
    Wasn't it yourself and others who taunted "the multiplier effect" on the economy when more people are working you have more people not only generating more income tax revenue but also paying into SS?

    Wasn't it yourself and others who said tax cuts generate job growth?

    Wasn't it yourself and others who claimed that if you allow businesses and business owners to keep more of what they earn they'll put that money back into their business to grow and expand their business?

    You can't have it both ways, Conservative.
    Nope, that was the resident economists in this group. More working people do however create more tax revenue as shown by history thus the Reagan and Bush tax RATE cuts. What makes this program different as we have had extension of unemployment and SS/Medicare tax cuts now for 2 1/2 years? Why will this one work whereas Stimulus One didn't?

    Until Obama gets fired business has no confidence in this President as his SS/Medicare tax cuts are offset by regulations and the potential for higher taxes. I want a smaller Federal Govt. and lower personal income tax rates to stimulate growth, not cuts in SS/Medicare which are underfunded anyway

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Lachean View Post
    Not necessarily. If the action is ineffective and a waste of money when you're broke and in debt then inaction isn't actually costly at all.



    Google the words "Economists say stimulus would boost the economy" and see what predictions the Krugman psychics said before that never came true. Then see what foolishness was their excuse... "We needed more stimulus," you see we're so deep in a hole that digging faster might keep us from noticing whats going on.
    What Krugman said from the very beginning was that the stimulus was too small, and not the best form of stimulus. He was right.

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by AdamT View Post
    It doesn't particularly matter where the tax cuts come from. As you've pointed out many times, the general fund is in debt to the SS trust fund. So why would it be better to pull revenue from the general fund? In either case we will have to borrow more to pay for the cuts.
    Spoken like a true liberal. Why doesn't it matter that SS/Medicare with trillions in unfunded liability has their funding cut further? How do you propose paying for those IOU's? The General Fund is a debt to the American people, the SS trust fund is a debt to you and has taken your money which was supposed to fund your retirement supplement. You don't see the difference?

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by AdamT View Post
    What Krugman said from the very beginning was that the stimulus was too small, and not the best form of stimulus. He was right.
    Amazing how a socialist's words are gospel to a liberal. Prove that the stimulus was too small instead of being spent poorly?

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Conservative View Post
    Amazing how a socialist's words are gospel to a liberal. Prove that the stimulus was too small instead of being spent poorly?
    Krugman isn't a socialist, though he is widely regarded as one of the brightest economists in the world. You, on the other hand....

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by AdamT View Post
    Krugman isn't a socialist, though he is widely regarded as one of the brightest economists in the world. You, on the other hand....
    LOL, yep, the brainwashed believe that. What was Krugman's prediction about stimulus one? Why is this one different?

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by Conservative View Post
    Spoken like a true liberal. Why doesn't it matter that SS/Medicare with trillions in unfunded liability has their funding cut further? How do you propose paying for those IOU's? The General Fund is a debt to the American people, the SS trust fund is a debt to you and has taken your money which was supposed to fund your retirement supplement. You don't see the difference?
    Again, it really doesn't matter. Whether the cuts come from SS or the general fund, they will eventually have to be paid back.

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