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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TerryOfromCA View Post
    The lower the spending, the less need for revenue.

    There is your connection.
    OK, so using that logic, spending is the controling factor, not revenue. And that's the point I am making. Decreasing tax revenue, is STUPID unless you cut spending.

    The spending cut needs to come first (assuming that we need to cut spending, or have a balanced budget at all).
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    OK, so using that logic, spending is the controling factor, not revenue. And that's the point I am making. Decreasing tax revenue, is STUPID unless you cut spending.

    The spending cut needs to come first (assuming that we need to cut spending, or have a balanced budget at all).
    Not really, less revenues can lead to spending cuts. Thus we had sequestration which lowered spending a bit. In your business, you would probably cut spending if revenues went down enough and you did not forsee an uptick (not equating individual spending to government- just an example).

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    . . . Decreasing tax revenue, is STUPID unless you cut spending. . . . .
    Don't feed the beast

    The more you feed a beast the bigger it grows

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TerryOfromCA View Post
    Don't feed the beast

    The more you feed a beast the bigger it grows
    It grows REGARDLESS of whether it is "fed".

    You haven't noticed that we have a huge deficit?

    Reducing tax revenue ONLY makes for a bigger deficit.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    It grows REGARDLESS of whether it is "fed".

    You haven't noticed that we have a huge deficit?

    Reducing tax revenue ONLY makes for a bigger deficit.
    You shouldn't if you slash spending by the same or more than the shrunken revenue....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by washunut View Post
    Not really, less revenues can lead to spending cuts. Thus we had sequestration which lowered spending a bit. In your business, you would probably cut spending if revenues went down enough and you did not forsee an uptick (not equating individual spending to government- just an example).
    Business doesn't operate like government.

    Can you document when the last time lower revenues resulted in spending cuts? Was that after the Bush tax cuts, or the Reagan Tax cuts?
    Quote Originally Posted by ocean515 View Post
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    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by j-mac View Post
    You shouldn't if you slash spending by the same or more than the shrunken revenue....
    Most people believe that history is the best predictor of the future.

    Now exactly when in history did lower tax revenue result in less government spending?
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    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    Business doesn't operate like government.

    Can you document when the last time lower revenues resulted in spending cuts? Was that after the Bush tax cuts, or the Reagan Tax cuts?
    When was sequestration. I guess you would call that after the Bush tax cuts.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by washunut View Post
    When was sequestration. I guess you would call that after the Bush tax cuts.
    Sequestration didn't reduce spending, it was nearly a decade after the Bush tax cuts, and it was it in any way tied to revenues - revenues INCREASED that year.
    Quote Originally Posted by ocean515 View Post
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    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    It grows REGARDLESS of whether it is "fed".

    You haven't noticed that we have a huge deficit?

    Reducing tax revenue ONLY makes for a bigger deficit.

    "Reagan proved deficits don't matter"

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