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Thread: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TaraAnne View Post
    So your are says Buffett doesnt know what he is talking about either because he pretty much said the exact same thing. Tax breaks are hand outs. Medicare, Medicade, SS, and other social services are not hand outs they are paid into over time so who really doesnt understand what a handout is I thing that would be you.
    Allowing me to keep what is rightfully my own is not a handout. Unless, of course, you believe that every time a thief robs you he is doing you a favor.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TaraAnne View Post
    So your are says Buffett doesnt know what he is talking about either because he pretty much said the exact same thing. Tax breaks are hand outs. Medicare, Medicade, SS, and other social services are not hand outs they are paid into over time so who really doesnt understand what a handout is I thing that would be you.
    Buffett is a power hungry clown. He wants people like you to worship him when he plays games that don't hurt his standing as one of the richest men in the country while his proposed plans screw the moderately wealthy

    how am I getting a handout until I pay less than average.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Fletch View Post
    Allowing me to keep what is rightfully my own is not a handout. Unless, of course, you believe that every time a thief robs you he is doing you a favor.
    she apparently believes that all wealth belongs to the government first

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Fletch View Post
    Allowing me to keep what is rightfully my own is not a handout. Unless, of course, you believe that every time a thief robs you he is doing you a favor.
    Same could be said about what you and turtle say are hand out do we not pay for them. I also find it funny that Republicans are screaming about a debt they had a heavy hand in running up. Once Clinton and a few smart Republicans got together and fixed the problem. We had eight years of a bunch of retards run up the debt again. They same "Reagan" Republicans. You know those that pray at the alter of a man that tripled the debt while in office and say that he was fiscal conservative. I find it funny the Republicans try to rewrite history. Personal I think we should tax the hell out of every Republican until 75% of the debt is paid after all Republicans caused 3/4 quarters of the mess. I think Dems would be happy to fork over the last 25%.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by American View Post
    How long did we have these tax cuts? Long enough for them to effect the economy in such a way that remove them would cause a serious change
    Yes, they did effect the economy in a serious way.
    The way our economy was effected was not in a good way and we do need a serious change to help rebuild our economy.


    ■The Bush tax cuts have contributed to[U] revenues dropping in 2004 to the lowest level as a share of the economy since 1950,
    and have been a major contributor to the dramatic shift from large projected budget surpluses to projected deficits as far as the eye can see.[/B]

    ■The tax cuts have conferred the most benefits, by far, on the highest-income households — those least in need of additional resources — at a time when income already is exceptionally concentrated at the top of the income spectrum.

    ■The design of these tax cuts was ill-conceived, resulting in significantly less economic stimulus than could have been accomplished for the same budgetary cost. In part because the tax cuts were not as effective as alternative measures would have been, job creation during this recovery has been notably worse than in any other recovery since the end of World War II.


    If the Administration’s latest tax proposals — which would make permanent most of the tax cuts enacted in 2001 and 2003 and establish new tax cuts on top of that — are enacted, the long-term results are likely to be even more troubling. Over the next 10 years, total tax-cut costs will equal $3.9 trillion, reaching nearly $600 billion or 3.3 percent of the economy in 2014 alone. (These calculations include the effects of the higher interest payments caused by the tax cuts.) The resulting higher deficits will slow future economic growth, saddle future generations with sizable interest payments, and leave the nation ill-prepared not only for the retirement of baby boomers but also for responding to potential future crises — from security matters to natural or environmental disasters — the particulars of which are unknown today.

    Pressure to reduce these deficits will mount. Because the tax cuts are so tilted toward the highest-income households — and become even more so over time, as some of the upper-income tax cuts phase-in — the burden of financing these lopsided tax cuts ultimately is likely to be borne disproportionately by households who gain only modestly from the tax cuts.
    This will be the case unless offsetting spending cuts or tax increases are enacted that reduce benefits or raise taxes primarily on high-income households.
    As a result, over the long term most Americans may well be net losers from the tax cuts.
    Read more:
    Tax Returns: A Comprehensive Assessment of the Bush Administration's Record on Cutting Taxes — Center on Budget and Policy Priorities
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TaraAnne View Post
    Same could be said about what you and turtle say are hand out do we not pay for them. I also find it funny that Republicans are screaming about a debt they had a heavy hand in running up. Once Clinton and a few smart Republicans got together and fixed the problem. We had eight years of a bunch of retards run up the debt again. They same "Reagan" Republicans. You know those that pray at the alter of a man that tripled the debt while in office and say that he was fiscal conservative. I find it funny the Republicans try to rewrite history. Personal I think we should tax the hell out of every Republican until 75% of the debt is paid after all Republicans caused 3/4 quarters of the mess. I think Dems would be happy to fork over the last 25%.
    another stupid post-its the new deal and the jurisprudence that flowed from that cesspool that has caused the most expansion of government spending

    clue me in on which party was responsible for that

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Republicans it started with Reagan ! anymore brain busters!

    http://articles.cnn.com/2009-03-18/p..._s=PM:POLITICS

    Here is one article on the Bush Republican years

    Here one on Reagan I can do this all day !

    http://mises.org/freemarket_detail.aspx?control=488
    Last edited by TaraAnne; 12-09-12 at 12:17 AM.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TaraAnne View Post
    Republicans it started with Reagan ! anymore brain busters!
    you mean all the pork MItchell and Wright loaded Reagan's defense requests up with

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TaraAnne View Post
    Same could be said about what you and turtle say are hand out do we not pay for them. I also find it funny that Republicans are screaming about a debt they had a heavy hand in running up. Once Clinton and a few smart Republicans got together and fixed the problem. We had eight years of a bunch of retards run up the debt again. They same "Reagan" Republicans. You know those that pray at the alter of a man that tripled the debt while in office and say that he was fiscal conservative. I find it funny the Republicans try to rewrite history. Personal I think we should tax the hell out of every Republican until 75% of the debt is paid after all Republicans caused 3/4 quarters of the mess. I think Dems would be happy to fork over the last 25%.

    My goodness Tara....Thank goodness you came along...I always thought this site was short on snarky, hate filled, one way progressive liberals that are jealous of success, and take out their failure in life on everyone that doesn't agree with them....What's the matter? DailyKOS get boring for ya?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    So being insulting, is fair to you eh....Go away Joe.
    No. I'm asking a questioned based solely on what's has transpired. You do seem to be misreading.

    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.

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