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Thread: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes[W: 414]

  1. #351
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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Whipsnade View Post
    Reading comprehensions not your strong point eh?

    , bush tax cuts and prescription drug plan. Didn't you learn anything about "cause and effect" in school?
    You mean borrowing or printing it? You don't seem to understand, SS and Medicare were paid for by working people and their money was spent by the bureaucrats in D.C. Those are financial obligations and promises that have to be funded. If you have a loss of revenue you stop spending. The Govt. got record revenue in 2007 so explain that to us but you buy what you are told. You keeping more of what you earn isn't an expense to the Federal Govt and until people like you realize that, liberalism will make you look and sound like a fool.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Conservative View Post
    You do live in a dream world, one that defies reality. My bet is I pay more in taxes than you make. It really is sad that someone who claims to be as smart as you doesn't show it in their posts. You have no idea what a line item is, you have no idea what your taxes fund, you have no concept of debt service yet you claim to be not only rich but smart. I see neither. Try spending a govt. IOU at the grocery store. Didn't read the article on the IOU's did you?
    Your stock is falling very rapidly here indeed. Do you know the difference between cash and an investment? Cash is a short-term asset. It's actually an IOU, but one that you can collect on from anyone at any time. Unfortunatley, it doesn't earn any interest so it can lose value to inflation if you hold onto it for any length of time. If you have cash that you won't need for a while -- as Social Security does -- then you invest it so as to earn interest at a competitive rate of return that will in fact exceed inflation, thereby allowing your money to grow. But you can't spend any of your investments at the grocery store. They don't take Treasury securities, they don't take corporate, school, or municipal bonds, they don't even take pristine Lotto scratchers. So if you want to use some of your investments at the grocery store, you'll have to make them liquid again by converting them back to cash. That's how it works. In the case of Social Security, it's a little different. The notes they hold are themselves an authority to spend. In essence, if SSA were to need $50 million, it would simply cut a check and then return a like amount of securities to Treasury. Pretty simple.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Conservative View Post
    You are so right, we need a massive central govt that spends 3.8 trillion dollars a year, has record numbers on food stamps, 23 million unemployed/under employed/discouraged, 40 plus million below the poverty level all to keep liberals in power. You are right, we don't have a spending problem, we need fewer rich people to pay for that 3.8 trillion dollar budget. Liberal arrogance on full display, higher taxes, lower economic growth, and high unemployment! You must be so proud.
    ..........
    empty.jpg

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by TheDemSocialist View Post
    Ok so when she testifies will you admit how wrong you were?
    September 11...Jan 20...Hmmm. She has avoided it for five months. Just how wrong does that make me? Will it get coverage? Will we hear anything other than "I cannot recall"?




    Good. And yourself?
    Always good.
    Last edited by Misterveritis; 01-20-13 at 10:28 PM.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Cardinal Fang View Post
    Your figures are out of date. 51% did not pay income tax in 2009 according to the JCT. Of course, the reason that they didn't PAY any income tax that year is that they didn't OWE any income tax that year. Are you in the habit of paying taxes that you do not owe? If not, I don't see where you can have any objection at all to others doing just the same as you do.

    And the bottom quintile by income hands over about 17% of its income in federal, state, and local taxes, so they do have plenty of "skin in the game" as the downscale like to call it, in fact probably more than they can properly afford in many cases. The top 1% pays about 29% of its income in total taxes and has so much money left over that they barely notice.

    Total Tax Bill by Income Group, 2011
    We could fix this by changing voter eligibility rules. If you pay taxes for a level of government, property for local, sales for city and county and maybe state, then you can vote in those elections. If one had to show one was a net income tax payer or one was on active duty in order to vote that would solve most of this nations ills.

    Combine that with india ink on the right thumb and a photo ID to vote and Democrats would disappear.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Conservative View Post
    You mean borrowing or printing it? You don't seem to understand, SS and Medicare were paid for by working people and their money was spent by the bureaucrats in D.C. Those are financial obligations and promises that have to be funded. If you have a loss of revenue you stop spending. The Govt. got record revenue in 2007 so explain that to us but you buy what you are told. You keeping more of what you earn isn't an expense to the Federal Govt and until people like you realize that, liberalism will make you look and sound like a fool.

    Where did the money come from for the two wars?Where did it come from for the drug plan?Did that money come from China, are the SS fund?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Misterveritis View Post
    We could fix this by changing voter eligibility rules. If you pay taxes for a level of government, property for local, sales for city and county and maybe state, then you can vote in those elections. If one had to show one was a net income tax payer or one was on active duty in order to vote that would solve most of this nations ills.

    Combine that with india ink on the right thumb and a photo ID to vote and Democrats would disappear.
    Why not just let people buy votes like lottery tickets? $50 a vote. Why? Because that's not a Democracy either. Like it or not all people are equal in a democracy.
    That means it is in EVERYBODIES best interests to discourage income inequality. The more poor voters our society allows the more they will contol the Govt.
    Wouldn't it be better if more of us had incomes that were taxable?
    Last edited by iguanaman; 01-20-13 at 10:40 PM.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Conservative View Post
    Had SS and Medicare been left off budget as it was intended there would be enough money today to fund retirees and future retirees.
    Social Security remains off-budget (along with the US Postal Service), but that is a paper factor only, determining where on a page that provides budget results the numbers for SS and USPS will appear. It has no other effect or distinction at all.

    Quote Originally Posted by Conservative View Post
    ...but since SS and Medicare money has been spent on everything other than SS and Medicare there aren't enough workers or money today to meet obligations.
    All 56.4 million current SS beneficiaries received 100% of scheduled benefits this month. Even if we do absolutley nothing, every eligible beneficiary will continue be in such a boat, month after month, for at least two decades by the most pessimistic of projections, and more llike four decades by something a little more reasonable. If we make even small changes to shore up system financing, that will happen indefinitely, as in right out the back end of the 75-year projection window and on out to infinity.

    Medicare of course is in worse shape. It's fine until the mid-2020's at least, but it won't actually be right until we can fix the insane, for-profit, fee-for-service health care system that Medciare is plugged into. That's where the problems are. There is nothing wrong with Medicare itself.
    Last edited by Cardinal Fang; 01-20-13 at 10:48 PM.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Whipsnade View Post
    Where did the money come from for the two wars?Where did it come from for the drug plan?Did that money come from China, are the SS fund?
    The two wars cost 1.3 trillion dollars over 10 years or 130 billion a year, hardly causing the debt we have today. The Drug plan was less than your party wanted and saved money by interjecting competition into Medicare. Keep buying what you are told while you ignore the real problems facing this country. The last Bush budget was 3.0 trillion, Obama has never had a budget under 3.5 trillion. We don't need a 3.8 trillion dollar budget so what is your excuse now, Iraq is over.

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