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Thread: US economy creates 243,000 jobs in January

  1. #351
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    Old propaganda. Man, that propaganda is so old -- how old is it? -- that it's got mold on it. Bo-ring [yawn]
    A trillion bucks and that's all we got?

    That's just something else that you really shouldn't be bragging about. You know Obama isn't going to brag about it in his campaign ads.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by misterman View Post
    Obama has not "spent recklessly." He doesn't have the power to spend. Only Congress does that. Nor can he enact anything.
    Oh, okay then, I agree. The Congress has spent recklessly.

    Deficit Spending by Congress.JPG

    Quote Originally Posted by misterman View Post
    How many times does it have to be posted?







    Coloring charts is fun!

    Private Sector Jobs by Congress.JPG
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by apdst View Post
    A trillion bucks [...]
    Man, that propaganda is so old -- how old is it? -- that it runs on leaded gasoline. Bo-ring [yawn]

    (the 'stimulus' was $501 billion in 'spending' + $288 billion in tax relief = $789 billion total) -- American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia

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    Re: US economy creates 243,000 jobs in January

    twist it all you want but its still not bad news...

  5. #355
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    Man, that propaganda is so old -- how old is it? -- that it runs on leaded gasoline. Bo-ring [yawn]

    (the 'stimulus' was $501 billion in 'spending' + $288 billion in tax relief = $789 billion total) -- American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia
    Tax relief? You beatin' that dead horse again? Tax relief for who?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  6. #356
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Rhapsody1447 View Post
    Oh, okay then, I agree. The Congress has spent recklessly.

    Deficit Spending by Congress.JPG
    Your chart appears to be bogus (the actual increase in debt during the Republican years was much higher than indicated). I presume that is why you did not identify its source with a link.
    Last edited by Karl; 02-04-12 at 07:27 PM.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by apdst View Post
    Tax relief? You beatin' that dead horse again? Tax relief for who?
    When one doesn't read supporting links, one doesn't look smart... and some need all the help they can get:

    Tax incentives

    Total: $288 billion

    Tax incentives for individuals

    Total: $237 billion

    $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[24]
    $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[24]
    $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[38]
    $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit which provides money to low income workers for families with at least three children.
    $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

    Tax incentives for companies

    Total: $51 billion

    $15 billion: Allowing companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for tax refunds.
    $13 billion: to extend tax credits for renewable energy production (until 2014).
    $11 billion: Government contractors: Repeal a law that takes effect in 2012, requiring government agencies to withhold three percent of payments to contractors to help ensure they pay their tax bills. Repealing the law would cost $11 billion over 10 years, in part because the government could not earn interest by holding the money throughout the year.
    $7 billion: Repeal bank credit: Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. The change would increase taxes on the merged banks by $7 billion over 10 years.
    $5 billion: Bonus depreciation which extends a provision allowing businesses buying equipment such as computers to speed up its depreciation through 2009.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Higgins86 View Post
    twist it all you want but its still not bad news...
    It's unsatisfactory.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    When one doesn't read supporting links, one doesn't look smart... and some need all the help they can get:
    Tax relief? Your idea of tax relief a re tax credits and the only way to qualify for those tax credits is to spend money?

    Well, at least you're not insulting our intelligence by calling them tax, "cuts", anymore. Thanks for that.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  10. #360
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    Your chart appears to be bogus (the actual increase in debt during the Republican years was much higher than indicated). I presume that is why you did not identify its source with a link.
    Truth hurts I know:

    Treasury announces 2011 deficit is second highest in history - The Hill's On The Money
    http://www.gpoaccess.gov/usbudget/fy11/pdf/hist.pdf

    Spending Deficit
    2005 2471.95 -318.34
    2006 2655.05 -248.18
    2007 2728.686 -160.7
    2008 2982.57 -458.553
    2009 3517.67 -1412.688
    2010 3456.21 -1293.48
    2011 3690.00 -1299.0
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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