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White House Tax Plan Would Ask More of Millionaires

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EarlzP said:
2012 is coming and the hyserical ranting will turn to voter ranting and you and your elitist buddies will not like the out come, you have little no significant value many of those that your carpetbagging friends have stolen from have much more to offer to society then you do. Money does not make you rich it makes you a slave
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I am laughing at your bravado. And your whining about slavery is funny. Your silly class based rantings are braindead nonsense. Carpetbagging? My family's been in Ohio since before 1800. Ever heard of William Henry Harrison? His wife is from nearby Northbend and was family
 
Conservative said:
Actually what is amazing is how you jump in the middle and don't have a clue as to the history of my posts. Amazing how little you know about civics. What happened in 2007-2008 is the fault of BOTH the President and the Congress, that is basic civics which many here don't understand. Obama took office with total control of Congress in massive numbers and the results show that there are more unemployed than when he took office, fewer people employed, 4 trillion added to the debt, a downgrade of our credit, and 1% GDP growth. That is what will be on the ballot in 2012 and anyone that supports this empty suit incompetent is part of the problem, not part of the solution.

I have seen no evidence that you are politically aware of anything.
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Our credit rating was downgraded because of congress's inability to raise the debt ceiling until the last minute, causing uncertainty that has never existed before. It wasn't because of the magnitude of the debt. S&P said "The political brinkmanship of latest months highlights what we see as America’s governance and policymaking becoming much less stable, much less powerful and much less predictable than what we previously believed. The statutory debt ceiling and the threat of default have turn into political bargaining chips in the debate over fiscal policy."

Also, the economy takes a while to adjust to things. The long term effects of legislation and other economic factors are not always immediately seen. You can't blame individuals for problems our country is facing. You have to blame specific pieces of legislation or decisions. You tend to favor ad hominem centered arguments.

For the record, I think Obama has done a poor job as president. Unfortunately, the 2012 election is going to be a contest between the lesser of two evils, and I highly doubt that won't be Obama.
 
washunut said:
Wow,a lot of hatred there. Get off the computer and get some help.
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I have all of the help that I need

The First Amendment (Amendment I) to the United States Constitution is part of the Bill of Rights. The amendment prohibits the making of any law respecting an establishment of religion, impeding the free exercise of religion, abridging the freedom of speech, infringing on the freedom of the press, interfering with the right to peaceably assemble or prohibiting the petitioning for a governmental redress of grievances.
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I guess your slightly liberal position has moved quickly to the right? Hatred only empowers those who it is directed at, I hate no one and nothing, I feel sorry for those who worship the almighty dollar to the point of bringing misery to others
 
EarlzP said:
I have all of the help that I need



I guess your slightly liberal position has moved quickly to the right? Hatred only empowers those who it is directed at, I hate no one and nothing, I feel sorry for those who worship the almighty dollar to the point of bringing misery to others
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Your posts about the rich ooze more hate than just about any other
 
TurtleDude said:
I am laughing at your bravado. And your whining about slavery is funny. Your silly class based rantings are braindead nonsense. Carpetbagging? My family's been in Ohio since before 1800. Ever heard of William Henry Harrison? His wife is from nearby Northbend and was family
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I was out today putting the garden to sleep for another season that to me is as significant as your family tree connection to William Henry Harrison who ever that is and save your fingers I have no absolutely no interest
 
EarlzP said:
I was out today putting the garden to sleep for another season that to me is as significant as your family tree connection to William Henry Harrison who ever that is and save your fingers I have no absolutely no interest
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well you call people carpetbaggers which is both stupid and dishonest.
 
TurtleDude said:
Your posts about the rich ooze more hate than just about any other
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Would you like to see my family portrait it was taken in 1964 in the Central highlands of Vietnam, I have this thing about stealing from the poor and will feel a lot better after 2012 when those 64 million US citizens take back America and the dream of americans becomes a reality again
 
EarlzP said:
Would you like to see my family portrait it was taken in 1964 in the Central highlands of Vietnam, I have this thing about stealing from the poor and will feel a lot better after 2012 when those 64 million US citizens take back America and the dream of americans becomes a reality again
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You must still have some of the weed you brought back if you believe that nonsense. 64 million whats?

people who aren't paying any income taxes but demand more and more money from others?
 
TurtleDude said:
well you call people carpetbaggers which is both stupid and dishonest.
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I watched the 2008 republican candidates and learned that honesty is like a plastic bag holding water with holes in it, calling right leaning libertarians and conservatives carpetbaggers is more honest then saying President Obama is a Muslim " not that there is any thing wrong with being a Muslim" or was not a natural born US citizen
 
EarlzP said:
Would you like to see my family portrait it was taken in 1964 in the Central highlands of Vietnam, I have this thing about stealing from the poor and will feel a lot better after 2012 when those 64 million US citizens take back America and the dream of americans becomes a reality again
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Stealing what? Sorry I didn't read through the whole thread.
Here is a look at your future, if the side I think you support gets in. More taxes for the middle class and rich, more govt. intrusion into our lives, more giveaways programs, and continue rising debt (becuase they can't balance a checkbook).,
 
mike2810 said:
Stealing what? Sorry I didn't read through the whole thread.
Here is a look at your future, if the side I think you support gets in. More taxes for the middle class and rich, more govt. intrusion into our lives, more giveaways programs, and continue rising debt (becuase they can't balance a checkbook).,
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And if the side you support gets in, more government intrusion into our lives and tax cuts for the rich and corportions leading to bigger and bigger deficits and the total collapse of our economy, to rival the Great Depression.
 
TurtleDude said:
wrong-the moronic war on poverty and other handouts designed to buy votes is what caused the deficit. tax cuts cost nothing
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Poppycock! Tax cuts meant trillions (in less revenues than we would have had without them) for the last 3 decades, and our unfunded wars and bloated military cost us trillions and counting in debt.
 
AdamT said:
And if the side you support gets in, more government intrusion into our lives and tax cuts for the rich and corportions leading to bigger and bigger deficits and the total collapse of our economy, to rival the Great Depression.
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And what I see is see either of your sides won, the government will see no common sense compromise and we will continue down this very dangerous path. No one answer is totally right, without sensible compromise I see little hope for the average American.
 
Conservative said:
I asked you to prove it and you cannot. thanks for playing. Provide Treasury Data to prove your claim.
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"The first chart is a snapshot of federal debt based on data from the U.S. Treasury and the 2012 Federal Budget issued by the Office of Management and Budget (OMB) in February."

As the chart clearly illustrates, the tax cuts in the early 1980s coincided with the beginning of an acceleration in real federal debt from a relatively consistent level over the previous three decades.

http://advisorperspectives.com/dshort/charts/policy/debt-to-gdp.html?federal-debt-tax-brackets.gif

"The next chart replaces real debt with the debt-to-GDP (Gross Domestic Product) ratio, which gives us a better idea of the true debt burden. Against the backdrop of U.S. history, the contours of the first two-thirds of the chart are easy to understand. Debt-to-GDP soared with the U.S. entry into World War I, as did the personal tax rates. After the war the ratio gradually dropped, this time against the backdrop of the "Roaring Twenties." The Crash of 1929 and Great Depression triggered a rise in the ratio to levels exceeding the peak in World War I. Logically enough, World War II brought about another rapid rise in Debt-to-GDP. War costs drove the ratio to a peak above 120% in 1946."

http://advisorperspectives.com/dshort/charts/policy/debt-to-gdp.html?federal-debt-gdp-ratio.gif

'Here is another view of the federal debt-to-GDP ratio, this time with major wars and the Great Depression highlighted. I've added markers to the debt ratio series to identify individual years. As we can readily see, only once in U.S. history, the WWII debt peak of 1945-46, have we had a higher Debt-to-GDP ratio than the current six-year forecast:"

http://advisorperspectives.com/dshort/charts/policy/debt-to-gdp.html?federal-debt-to-gdp-history.gif

"The 2001 and 2003 tax cuts have been extended for two years, unemployment remains high — even as Fed Chairman Bernanke continues to warn about the federal debt problem."

Debt, Taxes and Politics
 
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Catawba said:
Poppycock! Tax cuts meant trillions (in less revenues than we would have had without them) for the last 3 decades, and our unfunded wars and bloated military cost us trillions and counting in debt.
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psychobabble. Trillions less? more lies. Its spending that costs money--the stuff you want and what buys your vote
 
It is interesting and telling that the right is obsessed with only one side of the ledger. One of the first things anyone learns about a budget is that there are two sides INCOME and EXPENDITURES. The right only wants to look at EXPENDITURES and refuses to consider the INCOME side.

The budgetary problems of the USA will only be solved when both sides are dealt with.

And I never thought I would live long enough to see that sort of basic denial with reality due to extremist political ideology.
 
Voltaire X;1059833558]Our credit rating was downgraded because of congress's inability to raise the debt ceiling until the last minute, causing uncertainty that has never existed before. It wasn't because of the magnitude of the debt. S&P said "The political brinkmanship of latest months highlights what we see as America’s governance and policymaking becoming much less stable, much less powerful and much less predictable than what we previously believed. The statutory debt ceiling and the threat of default have turn into political bargaining chips in the debate over fiscal policy."
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What happens to your credit rating when you have your credit limit raised and you spend the money? Nice spin.


Also, the economy takes a while to adjust to things. The long term effects of legislation and other economic factors are not always immediately seen. You can't blame individuals for problems our country is facing. You have to blame specific pieces of legislation or decisions. You tend to favor ad hominem centered arguments.
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When you demonize the private sector, individual wealth creation, and promote class warfare the economy isn't going to recover. We got out of recession officially in June 2009 and Obama showed poor leadership ability. We should be better off today than we are.

For the record, I think Obama has done a poor job as president. Unfortunately, the 2012 election is going to be a contest between the lesser of two evils, and I highly doubt that won't be Obama.
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It will be the Obama record on the ballot in 2012 and that record doesn't establish him as the lesser of two evils.
 
Catawba said:
"The first chart is a snapshot of federal debt based on data from the U.S. Treasury and the 2012 Federal Budget issued by the Office of Management and Budget (OMB) in February."

As the chart clearly illustrates, the tax cuts in the early 1980s coincided with the beginning of an acceleration in real federal debt from a relatively consistent level over the previous three decades.

Debt-to-GDP Charts

"The next chart replaces real debt with the debt-to-GDP (Gross Domestic Product) ratio, which gives us a better idea of the true debt burden. Against the backdrop of U.S. history, the contours of the first two-thirds of the chart are easy to understand. Debt-to-GDP soared with the U.S. entry into World War I, as did the personal tax rates. After the war the ratio gradually dropped, this time against the backdrop of the "Roaring Twenties." The Crash of 1929 and Great Depression triggered a rise in the ratio to levels exceeding the peak in World War I. Logically enough, World War II brought about another rapid rise in Debt-to-GDP. War costs drove the ratio to a peak above 120% in 1946."

Debt-to-GDP Charts

'Here is another view of the federal debt-to-GDP ratio, this time with major wars and the Great Depression highlighted. I've added markers to the debt ratio series to identify individual years. As we can readily see, only once in U.S. history, the WWII debt peak of 1945-46, have we had a higher Debt-to-GDP ratio than the current six-year forecast:"

Debt-to-GDP Charts

"The 2001 and 2003 tax cuts have been extended for two years, unemployment remains high — even as Fed Chairman Bernanke continues to warn about the federal debt problem."

Debt, Taxes and Politics
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I look forward to responding to this and destroying your comments. None of what you posted is relevant but I will get to it later. On the road and won't be able to respond until later tonight.
 
TurtleDude said:
psychobabble. Trillions less? more lies. Its spending that costs money--the stuff you want and what buys your vote
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psychobabble? The king of babble sticking to his rhetorical talking points. Please King B tell us that we wanted two wars that we wanted to be sucked into Bin Laden's Bush's/Cheney's/Rumsfield's trap. Two unfunded wars that went on and go on when all that it took was a Seal team to get the job done.
 
Catawba said:
Poppycock! Tax cuts meant trillions (in less revenues than we would have had without them) for the last 3 decades, and our unfunded wars and bloated military cost us trillions and counting in debt.
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yes it did for the feds, I agree. Lets see less revenue for the feds , do you think spending should have been reduced to match income?

Yet if I have more money, I might spend more. local and state tax revenue go up. More federal taxes, less personal income to spend, has a negative impact towns and States. If I spend less, then there is less demand for products. But guess the feds will save us all, right.
 
So conservatives want to cut spending. Ok, from where? If you cut into welfare or cut entire government agencies like education you will put more people on the street and unemployed. So you solve the deficit and skyrocket homelessness and unemployment as well as create a revenue problem possibly increasing the deficit that way. I thought conservatives were griping that Obama had a high unemoyment rate and their solution is to raise that.

We need revenue from some place to fund a job training program to put people back to work.
 
haymarket said:
It is interesting and telling that the right is obsessed with only one side of the ledger. One of the first things anyone learns about a budget is that there are two sides INCOME and EXPENDITURES. The right only wants to look at EXPENDITURES and refuses to consider the INCOME side.

The budgetary problems of the USA will only be solved when both sides are dealt with.

And I never thought I would live long enough to see that sort of basic denial with reality due to extremist political ideology.
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I agree both sides of the equation needs to be looked at. It isn't so simple as that, You have to consider other govt taxes we pay that are not federal. Consider this. If someone pays more federal income tax, they have less pocket money to spend. Local and State sales tax goes down. leaving them will less revenue. So local, State needs to raise revenue or cut spending.

Your revenue / expenditure theme is no different than what you and I have to do. So until you get a higher paying job, do you spend more or just go futher in deb?. I generally adjusted my spending.
 
mike2810 said:
I agree both sides of the equation needs to be looked at. It isn't so simple as that, You have to consider other govt taxes we pay that are not federal. Consider this. If someone pays more federal income tax, they have less pocket money to spend. Local and State sales tax goes down. leaving them will less revenue. So local, State needs to raise revenue or cut spending.

Your revenue / expenditure theme is no different than what you and I have to do. So until you get a higher paying job, do you spend more or just go futher in deb?. I generally adjusted my spending.
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I am in a long line of husbands who implore their spouse to adjust their spending only to be told that I need to make more money.;):mrgreen:
 
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