Page 14 of 22 FirstFirst ... 41213141516 ... LastLast
Results 131 to 140 of 217

Thread: House Republicans Cave on Payroll Tax Cuts Extension

  1. #131
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 01:28 AM
    Gender
    Lean
    Independent
    Posts
    54,677

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    I think everyone is disgusted by it. The only thing worse would be actually letting a law that everyone agrees is beneficial expire rather than passing a temporary extension so they can work out their differences.
    And you think THAT is what is going to happen next? That now that this latest round has passed they will come together and work this all out...pass an operating budget...sustain budget cuts...work for the actual benefit of the country? WHat is the debt ceiling at now? How much in deficit spending will we add to the debt this year alone? How many times have we done this dance within the last 12 months?

    Again...that people see this as a 'good' thing is amazing. Its the 'well...at least...' mentality that reassures those assclowns they can just keep doing what they do with full support of their mindless party supporters.

  2. #132
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    The debt was very close to diminishing at the end of Clinton's term. So imagine that Bush had not immediately lowered taxes, hadn't invaded Iraq, and hadn't signed Medicare Part D. Then imagine that, with less liquidity in the economy, the housing bubble would have been less severe (assuming nothing else was done to curb the crisis).

    But I totally agree that Congress is full of ****, and it comes from both sides of the aisle.
    This is nonsense. The debt grew every year Clinton was President, and after almost running a deficit surplus in FY 2000, his deficit went up again in FY 2001. Clinton benefited from the dot-com bubble, and when it popped, we had a mild recession, and revenues dropped.
    Last edited by Eighty Deuce; 12-28-11 at 12:44 PM.

  3. #133
    Guru
    Samhain's Avatar
    Join Date
    Sep 2011
    Location
    Northern Ohio
    Last Seen
    Yesterday @ 05:37 PM
    Lean
    Libertarian
    Posts
    3,884

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    The debt was very close to diminishing at the end of Clinton's term. So imagine that Bush had not immediately lowered taxes, hadn't invaded Iraq, and hadn't signed Medicare Part D. Then imagine that, with less liquidity in the economy, the housing bubble would have been less severe (assuming nothing else was done to curb the crisis).

    But I totally agree that Congress is full of ****, and it comes from both sides of the aisle.
    I'm calling bull patties. Clinton slightly lowered the public debt while increasing the intra-governmental debt beyond what he lowered the public debt portion. In the end, the total debt increased by 1.7 trillion.

  4. #134
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by VanceMack View Post
    And you think THAT is what is going to happen next? That now that this latest round has passed they will come together and work this all out...pass an operating budget...sustain budget cuts...work for the actual benefit of the country? WHat is the debt ceiling at now? How much in deficit spending will we add to the debt this year alone? How many times have we done this dance within the last 12 months?

    Again...that people see this as a 'good' thing is amazing. Its the 'well...at least...' mentality that reassures those assclowns they can just keep doing what they do with full support of their mindless party supporters.
    Yes, I think that there will be, after more political grandstanding, a full-year extension of the payroll tax cut and that the debt limit will be raised through the election. And yes, these are good things, unless you're a big fan of recession.

  5. #135
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by Samhain View Post
    I'm calling bull patties. Clinton slightly lowered the public debt while increasing the intra-governmental debt beyond what he lowered the public debt portion. In the end, the total debt increased by 1.7 trillion.
    The public debt increased over his eight years, but by the end of his term it was close to zero growth. Recall that Bush's justification for his tax cuts was the projected surpluses that *should* have been realized over the next eight years. What ever were we going to DO with all that money rolling in?!
    Last edited by AdamT; 12-28-11 at 01:04 PM.

  6. #136
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 10:50 PM
    Gender
    Lean
    Libertarian
    Posts
    41,540

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    The debt was very close to diminishing at the end of Clinton's term. So imagine that Bush had not immediately lowered taxes, hadn't invaded Iraq, and hadn't signed Medicare Part D. Then imagine that, with less liquidity in the economy, the housing bubble would have been less severe (assuming nothing else was done to curb the crisis).

    But I totally agree that Congress is full of ****, and it comes from both sides of the aisle.
    I'm imagining... imagining... what a sweet dream! I'm imagining that the government monitored the mortgage industry, there was no housing 'bubble" to pop, no recession.. imagining GWB running his ranch in Texas, and I've never heard of him....

    Oh, crap. I just woke up, and reality can no longer be ignored.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  7. #137
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Yesterday @ 08:43 PM
    Gender
    Lean
    Libertarian
    Posts
    4,732

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    The public debt increased over his eight years, but by the end of his term it was close to zero growth. Recall that Bush's justification for his tax cuts was the projected surpluses that *should* have been realized over the next eight years. What ever were we going to DO with all that money rolling in?!
    I wish I knew. I wish our leaders knew.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  8. #138
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 01:28 AM
    Gender
    Lean
    Independent
    Posts
    54,677

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by Samhain View Post
    I'm calling bull patties. Clinton slightly lowered the public debt while increasing the intra-governmental debt beyond what he lowered the public debt portion. In the end, the total debt increased by 1.7 trillion.
    Clinton, like Bush and Obama, did nothing. Congress has to approve the spending. Clinton was blessed with good political skills and an effective congress. And at the end of the day there was still an increase in debt spending. People are always oblivious to debt spending...provided their own interests get funded they will ignore the debt 'bottom line".

  9. #139
    Professor
    Tettsuo's Avatar
    Join Date
    Jul 2011
    Location
    Brooklyn, NY
    Last Seen
    Yesterday @ 07:15 PM
    Gender
    Lean
    Liberal
    Posts
    2,320

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by VanceMack View Post
    Clinton, like Bush and Obama, did nothing. Congress has to approve the spending. Clinton was blessed with good political skills and an effective congress. And at the end of the day there was still an increase in debt spending. People are always oblivious to debt spending...provided their own interests get funded they will ignore the debt 'bottom line".
    Actually, Clinton balanced the budget, but the overall debt owed still increased. The first step is balancing the budget though, which Bush immediately tossed out of the window as soon as he could.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

  10. #140
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by AdamT View Post
    The public debt increased over his eight years, but by the end of his term it was close to zero growth. Recall that Bush's justification for his tax cuts was the projected surpluses that *should* have been realized over the next eight years. What ever were we going to DO with all that money rolling in?!
    Incorrect .... again. Deficits were increasing when Clinton left office. Dot-com had popped.

    The primary cause of the current mess was the Housing Bubble. A creation of Government. Jump-started in 1997, it would have never happened had government stayed out of the mortgage-banking business.

Page 14 of 22 FirstFirst ... 41213141516 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •