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

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

    Quote Originally Posted by Smokified View Post
    Why is it that you liberals always want to focus on these silly percentages like they are some shield from the reality of the actual situation? 7% of trillions of dollars is still a big deal.
    But when it comes to things like NPR conservatives are all about cutting it in the name of deficit reduction.

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

    "Obama to propose $1.5 trillion in new tax revenue"

    Read: "Obama to cut economic growth by $1.5 trillion."
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Smokified View Post
    Why is it that you liberals always want to focus on these silly percentages like they are some shield from the reality of the actual situation? 7% of trillions of dollars is still a big deal.
    I'm not a liberal, I'm an Independent, and yes I focus on %.

    Especially when 9+% are unemployed, and when 43% of the unemployed haven't worked in 6+ months.

    The stock market % wise went down 3 times in August that's Dow, Nasdaq, and S&P and again in September.
    Then there's the % of exports compared to the % of imports.
    So in my humble opinion these percentages are not as silly as you believe.
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by presluc View Post
    I'm not a liberal, I'm an Independent, and yes I focus on %.

    Especially when 9+% are unemployed, and when 43% of the unemployed haven't worked in 6+ months.

    The stock market % wise went down 3 times in August that's Dow, Nasdaq, and S&P and again in September.
    Then there's the % of exports compared to the % of imports.
    So in my humble opinion these percentages are not as silly as you believe.
    Percentage matters only when it is properly understood and considered. It is way too commonly used to try and negate the actual significance of a situation. "Only 7%..." wouldn't be such an easy thing to brush off when you consider it may still add up to billions of dollars.

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

    Quote Originally Posted by AdamT View Post
    Why are conservatives afraid of percentages and taking a rational, big-picture view of the world? Maybe you take some weird comfort from screaming, "ARRGH!! DEFICIT!!!!" -- but it doesn't help solve the problem.
    What a meaningless comment... Who said anything about being afraid? It is about not using percentages to improperly place value on something. You don't even have any real examples to back this rubbish up, you are just simply relying on your very limited understanding of what is going on. Trying to reduce spending is a very efficient way to reduce a deficit.... I don't fully understand why you are so opposed to not being over taxed for things that really just don't need to be funded with public money.

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

    Quote Originally Posted by Smokified View Post
    Percentage matters only when it is properly understood and considered. It is way too commonly used to try and negate the actual significance of a situation. "Only 7%..." wouldn't be such an easy thing to brush off when you consider it may still add up to billions of dollars.
    9+% ADDS UP TO BILLIONS OF DOLLARS
    43% of unemployed for 6 months add up to billions of dollars
    Significance of the situation is simple not hard to negate at all.
    Billions of tax dollars and money circulation unatainable because there is no jobs.
    Billions of dollars going out through unemployment, social services, government houseing, foodstamps, health care ect
    The % coming in from the unemployed or out of work????
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by presluc View Post
    9+% ADDS UP TO BILLIONS OF DOLLARS
    43% of unemployed for 6 months add up to billions of dollars
    Significance of the situation is simple not hard to negate at all.
    Billions of tax dollars and money circulation unatainable because there is no jobs.
    Billions of dollars going out through unemployment, social services, government houseing, foodstamps, health care ect
    The % coming in from the unemployed or out of work????
    Right, now maybe you should go back to where my post originated so you understand the context of what I was saying.

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

    Quote Originally Posted by Smokified View Post
    What a meaningless comment... Who said anything about being afraid? It is about not using percentages to improperly place value on something. You don't even have any real examples to back this rubbish up, you are just simply relying on your very limited understanding of what is going on. Trying to reduce spending is a very efficient way to reduce a deficit.... I don't fully understand why you are so opposed to not being over taxed for things that really just don't need to be funded with public money.
    I have no idea what you're going on about. Looking at the percentage in this case is just one way of understanding how the amount relates to the overall debt. It in no way disquises or minimizes the fact that $1 trillion is $1 trillion. But to understand it's relevance -- it's RELATIVE magnitude -- you have to look at it in relation to the total debt. It seems that conservatives fail in this respect on a regular basis. Consequently they spend an inordinate amount of time and energy carping about things that are virtually inconsequential from a deficit persepctive, like NPR and Planned Parenthood.

    No area of government spending should go unexamined but it's just common sense to prioritize the biggest ticket items. Should we waste our time bellyaching about something that constitutes 0.03% of federal spending? Of course not. But that's what you end up doing if you fail to look at the percentages.

    Does that clear it up for you?

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

    Quote Originally Posted by Smokified View Post
    Right, now maybe you should go back to where my post originated so you understand the context of what I was saying.
    Ok I went back you said in your post "only 7% wouldn't be such an easy thing to brush off when you consider it may add up to billions of dollars"
    That is your statement is it not copied from your post?

    Keywords "may add up to billions of dollars",
    THIS CAN BE STOPPED
    My post 9+% unemployment , 43% havent worked in 6 months "DOES ADD UP TO BILLIONS OF DOLLARS"
    THIS IS GETTING WORCE

    Now I'm not here to play the blame game; Republicans, Democrats Tea Party. Liberals, Libertarians,even Independent and Centralist corporations or government regulations ,right wing left wing.
    Bottom line somebody, if not all screwed up.

    Now I have seen negoiations with almost every nation in the world with America at one time or another for trade or oil prices or peace or foriegn aid.
    I have yet to see labor negotiations between corporate business and government to get jobs back in America to jump start a bad economy and get more money in circulation and more tax revenue
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    Re: Obama to propose $1.5 trillion in new tax revenue

    If the debt were, say, a trillion dollars, then an increase of 50% might be sustainable. That increase would add 500 b to the debt.

    Since the debt is actually 15 trillion and counting, even 7% is still over a trillion dollars, or ten grand each for a hundred million taxpayers. Are you willing to put another ten grand on your MasterCard?



    Hey, imagine that, 7% of 15 is actually more than 50% of 1.

    Currently, the government is at least beginning to talk about the debt. They aren't proposing any realistic plan to do anything about it, talking about 4 trillion over 10 years vs. 3 trillion over ten years. Even 4 trillion over ten years would result in a debt of 25 trillion, or a quarter million each for a hundred million taxpayers.

    Don't get me wrong. This is nothing new, and isn't all on Obama and his Democratic Congress. Putting two wars on the national MasterCard while cutting taxes didn't help.

    Would an additional stimulus actually bring the economy back? If so, then increased revenues would pay it back. If not, we'd be left with an unsustainable debt.

    Come to think of it, we already have an unsustainable debt anyway, so what the heck?

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