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Thread: Obama to propose $1.5 trillion in new tax revenue

  1. #531
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    Re: Obama to propose $1.5 trillion in new tax revenue

    teamosil;1059817040]Again, the cuts to those programs is REPUBLICAN goal. Democrats are against it. Obama is proposing a compromise of some of the cuts Republicans want to those programs, but not all. I agree with you. You're taking a solidly Democratic position.
    Obama has proposed the cuts, Republicans have proposed revisions in the programs or so Obama claims but you miss the point and failed to answer the question, why is SS still on budget and not in a trust fund?


    I understand that is a catchy bumper sticker slogan and all, but not relevant to anything. Both parties agreed to evaluate various deficit reduction plans based on their deviation from the current plan. That just makes sense. Anything else would just be error... Lets take some examples:

    We are currently spending $x on the wars. 10 years from now we won't be spending anything on the wars. So, would a proposal that involved not being at war in 10 years be a cut of $x per year? Of course not. That would be changing nothing. That's the status quo. To count it as a cut you need to reduce the cost below what is planned.
    It is 10 years of the wars and we have spent 1.4 trillion during those 10 years on the war or 140 billion per year. Our current debt is 14.6 trillion dollars so deducting the cost of the wars, we still have a debt of 13.2 trillion dollars. Where is your outrage over wasted federal spending on social programs that have yet to solve a problem?

    Or, for example, medicare is budgeted to continue to increase indefinitely because the cost of medical care will continue to go up. That isn't because they're expanding it or giving anybody any new services or changing any laws, that's just what will happen if we do nothing. So if you can make it go up by less- say by cutting benefits- then you are proposing a real cut.
    Where has the money gone that was paid in FICA to fund medicare? You do realize that Medicare is mostly for retired individuals who contributed to that program only to have their money spent on other programs thanks to LBJ.

    You follow?
    Nope, you are confusing SS/Medicare taxes with FIT taxes and there is no comparison

    Now you can say that you want cuts so big that the total spent goes down. That's fine. But to measure individual elements of a proposal against current spending just doesn't make sense. In some situations maintaining the current level of spending would be a massive increase in spending over what is planned and in others it would be a massive cut. You can't just blur over all that.
    What was planned is the problem and isn't a cut. To cut spending you would have to spend less net year than this year and that isn't the proposal


    Ahha! You are correct that consumer spending is the driver of the economy! Kudos for putting your fingers on that. That realization is the most essential building block of the Democratic approach to the economy and always has been. Republicans argue that we should divert as much money as possible to the rich because they think *investment* is what drives the economy. Democrats argue that we need a balanced approach where money flows both to the rich (who invest) and the rest of us (who consume). That's why Reaganomics failed- it did not deal with consumption properly so we just got bubbles- lots of investment boosting the stock market in the short term without the consumption to support it. That is exactly why we need to make sure that we aren't putting the whole burden of the deficit on the middle class via spending cuts. We need to put some of it on the rich. We shouldn't just double down on this investment > consumer spending approach that has failed so completely.
    I am not for diverting any money from any taxpayer for it is theirs first. Why shouldn't they keep it? How much of my money should I send to you or does me sending it to the govt. so they can send it to you make it right? I hope this isn't what you are learning in school.

    Not sure what you're saying. Explain more?
    The budget proposals for 2012 have already been submitted and include the cuts in spending on the Iraq War, he is claiming those cuts again thus no additional cuts and still the budget has a projected deficit of over 1.2 trillion dollars

    Certainly you could model a budget on 2008 if you like. That doesn't change anything about how the cuts are measured.
    Oh, but it does, if you start at the 2008 budget you are already have cut 600 billion from the budget and those are actual cuts

  2. #532
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    Doing better for whom? TX is ranked number one for business and is bringing new taxpayers to TX. Thanks especially to California and Illinois for the recent increase in Texas business employment.
    Nope. See above. Texas just took some federal money, brough in some illegals, and paid some coproprate welfare. Overall, not doing that great.

    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.

  3. #533
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by winston53660 View Post
    LOL!!!! Talk about painting with a broad brush!

    Here is another example where States regulate the hell out of something:


    OHHHH RAH for States rights killing business!
    Did you notice what state you quoted? California, one of the most liberal states in the union and one that pushes businesses out of the state faster than any other. Further California has a 12% unemployment rate. And you wonder why, try high state taxes and regulations. California hates factories, they force them all out to Texas.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Born Free View Post
    Did you notice what state you quoted? California, one of the most liberal states in the union and one that pushes businesses out of the state faster than any other. Further California has a 12% unemployment rate. And you wonder why, try high state taxes and regulations. California hates factories, they force them all out to Texas.
    Aheeem from the article:

    First of all, every state has different regulations. And we have to keep track of all of them

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Nope. See above. Texas just took some federal money, brough in some illegals, and paid some coproprate welfare. Overall, not doing that great.
    hasn't stopped Fortune 500 companies from moving to TX, wonder why?

  6. #536
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Nope. See above. Texas just took some federal money, brough in some illegals, and paid some coproprate welfare. Overall, not doing that great.
    Texas took taxpayer money giving some of what taxpayers sent to D.C. back to those taxpayers. Why wouldn't you? As for not doing great? That is another uninformed opinion on your part, attracting Fortune 500 business to TX sure looks like it is doing great and I live here, do you? There is going to come a time when you realize that you don't really now what you are talking about and that will be a real awakening for you.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    hasn't stopped Fortune 500 companies from moving to TX, wonder why?
    because labor is pretty cheap, especially lately. what is the tax rate on corporations in tx?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Nope. See above. Texas just took some federal money, brough in some illegals, and paid some coproprate welfare. Overall, not doing that great.
    By the way another diversion from the thread topic, you do that a lot. Don't blame you as the Obama agenda is indefensible.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by winston53660 View Post
    Aheeem from the article:
    And how stupid is that? Talk about over regulating.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Born Free View Post
    And how stupid is that? Talk about over regulating.
    Each State makes its own regulations on alcohol crossing State lines.

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